US$20.20 - That's What Analysts Think Hanmi Financial Corporation (NASDAQ:HAFC) Is Worth After These Results
US$20.20 - That's What Analysts Think Hanmi Financial Corporation (NASDAQ:HAFC) Is Worth After These Results
Hanmi Financial Corporation (NASDAQ:HAFC) came out with its quarterly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. Results look mixed - while revenue fell marginally short of analyst estimates at US$57m, statutory earnings beat expectations 2.1%, with Hanmi Financial reporting profits of US$0.48 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Hanmi金融公司(納斯達克:HAFC)上週公佈了季度業績,我們想知道公司的表現情況以及本次報告後行業預測家的看法。結果看起來參差不齊,儘管營業收入略低於分析師預期的5700萬美元,但法定收益卻超出了2.1%的預期,Hanmi金融報告每股盈利0.48美元。分析師通常會在每個盈利報告中更新他們的預測,我們可以從他們的估計中判斷他們對公司的看法是否發生了變化,或者是否有任何新的問題需要注意。因此,我們收集了最新的盈利後預測,以了解估計未來會發生什麼。
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Taking into account the latest results, Hanmi Financial's six analysts currently expect revenues in 2024 to be US$234.4m, approximately in line with the last 12 months. Statutory earnings per share are forecast to fall 12% to US$1.95 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$240.2m and earnings per share (EPS) of US$1.99 in 2024. The consensus seems maybe a little more pessimistic, trimming their revenue forecasts after the latest results even though there was no change to its EPS estimates.
考慮到最新結果,Hanmi金融的六位分析師目前預計2024年公司總營業收入將達到23440萬美元,與過去12個月基本持平。同期法定每股收益預計將下降12%至1.95美元。在本次報告之前,分析師們一直在模擬2024年的收入爲24020萬美元,每股盈利(EPS)爲1.99美元。共識似乎比較悲觀,即使沒有對其EPS估計進行更改,也在最新結果之後削減了其營收預測。
The analysts have also increased their price target 16% to US$20.20, clearly signalling that lower revenue forecasts next year are not expected to have a material impact on Hanmi Financial's valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Hanmi Financial analyst has a price target of US$22.00 per share, while the most pessimistic values it at US$17.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
分析師們還將其目標價提高了16%至20.2美元,明確表明預計明年營收預測不會對Hanmi金融的估值產生實質性影響。專注於單一目標價可能是不明智的,因爲共識目標實際上是分析師目標價格的平均值。因此,一些投資者喜歡查看估計的範圍,以了解有沒有對公司估值存在分歧的看法。最樂觀的Hanmi金融分析師的目標價爲每股22.00美元,而最悲觀者將其定爲每股17.00美元。由於估值範圍如此狹窄,分析師顯然對公司價值的看法相似。
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that revenue is expected to reverse, with a forecast 1.0% annualised decline to the end of 2024. That is a notable change from historical growth of 9.9% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 6.3% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Hanmi Financial is expected to lag the wider industry.
了解這些預測的更多背景信息的一種方法是比較其與過去的業績以及行業中其他公司的表現。我們要強調的是,預計營收將逆轉,到2024年底預計將年化下降1.0%。這與過去五年的9.9%歷史增長相比,是一個顯着的變化。相比之下,我們的數據表明,同行業其他(帶分析師覆蓋範圍)公司未來預計每年增長6.3%。因此,儘管其營收預計將縮水,但這次難以尋找到白銀襯裏——預計Hanmi金融將落後於整個行業。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是,營收預測未發生重大變化,業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元,最新估計不足以對價格目標產生影響。
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. With that said, earnings are more important to the long-term value of the business. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.
最明顯的結論是,近期業務前景沒有太大變化,分析師們維持他們的盈利預測穩定,與之前的預測相一致。不幸的是,他們還下調了其營收預測,我們的數據表明相比整個行業表現不佳。即便如此,每股盈利也更加重要,對於業務的內在價值具有更重要的長期價值。因此,我們注意到目標價的升級,表明分析師認爲公司的內在價值可能會隨着時間的推移而提高。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Hanmi Financial analysts - going out to 2025, and you can see them free on our platform here.
請記住,考慮到投資者的角度,考慮業務的長期軌跡要重要得多。我們估計——來自多位Hanmi金融分析師——持續到2025年,並且您可以在我們的平台上免費查看。
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Hanmi Financial (1 doesn't sit too well with us) you should be aware of.
請不要忘記仍然可能存在風險。例如,我們已經確定Hanmi金融存在2個警告標誌(1個與我們不太匹配),您需要注意。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。