What is Hanmi Financial Corp worth?
With the base-case assumptions below, a discounted cash flow model on Hanmi Financial Corp's reported free cash flow gives $104.51 per share. The share price was $32.68 on November 10, 2026, 69% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -5.0% | 10.0% | $69.67 | +113% |
| Base | -0.0% | 9.0% | $104.51 | +220% |
| Bull | 5.0% | 8.0% | $169.58 | +419% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $128.62 | $135.84 | $144.67 | $155.71 | $169.90 |
| 8.0% | $110.74 | $115.42 | $120.96 | $127.60 | $135.72 |
| 9.0% | $97.62 | $100.82 | $104.51 | $108.83 | $113.92 |
| 10.0% | $87.58 | $89.86 | $92.44 | $95.39 | $98.79 |
| 11.0% | $79.65 | $81.32 | $83.19 | $85.29 | $87.67 |
Where the presets come from
Base: years 1 to 5 grow at Hanmi Financial Corp's revenue growth rate over the last 3 fiscal years (-0.2% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions