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 $103.94 per share. The share price was $32.10 on September 25, 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% | $69.09 | +115% |
| Base | -0.0% | 9.0% | $103.94 | +224% |
| Bull | 5.0% | 8.0% | $169.00 | +426% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $128.04 | $135.27 | $144.10 | $155.13 | $169.32 |
| 8.0% | $110.16 | $114.84 | $120.38 | $127.02 | $135.14 |
| 9.0% | $97.04 | $100.24 | $103.94 | $108.25 | $113.34 |
| 10.0% | $87.00 | $89.28 | $91.86 | $94.81 | $98.22 |
| 11.0% | $79.08 | $80.75 | $82.61 | $84.71 | $87.09 |
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