Discounted Cash Flow

Hanmi Financial Corp.

HAFC · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $160.2m $56.5m $53.7m 35.3% $1.76
2017 $176.8m (10.4%) $54.7m (-3.2%) $79.0m (47.3%) 30.9% (-12.3%) $1.70 (-3.4%)
2018 $181.0m (2.4%) $57.9m (5.9%) $72.9m (-7.7%) 32.0% (3.4%) $1.80 (5.9%)
2019 $175.9m (-2.8%) $32.8m (-43.3%) $58.8m (-19.4%) 18.6% (-41.7%) $1.06 (-41.1%)
2020 $180.9m (2.9%) $42.2m (28.7%) $60.2m (2.4%) 23.3% (25.1%) $1.38 (30.2%)
2021 $195.1m (7.8%) $98.7m (133.9%) $93.7m (55.7%) 50.6% (116.9%) $3.22 (133.3%)
2022 $237.6m (21.8%) $101.4m (2.8%) $145.4m (55.1%) 42.7% (-15.7%) $3.33 (3.4%)
2023 $221.3m (-6.9%) $80.0m (-21.1%) $106.8m (-26.5%) 36.2% (-15.2%) $2.63 (-21.0%)
2024 $234.4m (5.9%) $62.2m (-22.3%) $49.9m (-53.3%) 26.5% (-26.6%) $2.06 (-21.7%)
2025 $270.2m (15.3%) $76.1m (22.3%) $203.7m (307.9%) 28.2% (6.1%) $2.53 (22.8%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model