Financials Hanmi Pharm. Co., Ltd.

Equities

A128940

KR7128940004

Pharmaceuticals

End-of-day quote Korea S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
317,000 KRW -0.78% Intraday chart for Hanmi Pharm. Co., Ltd. +2.09% -10.07%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,490,741 4,397,245 3,373,870 3,711,167 4,473,421 4,022,134 - -
Enterprise Value (EV) 2 4,184 5,040 3,855 4,231 4,473 4,284 4,022 3,854
P/E ratio 65.7 x 368 x 50.3 x 36.5 x 30.6 x 23.2 x 21.1 x 18.8 x
Yield 0.17% 0.14% 0.18% 0.17% - 0.16% 0.16% 0.16%
Capitalization / Revenue 3.13 x 4.09 x 2.8 x 2.79 x 3 x 2.47 x 2.28 x 2.31 x
EV / Revenue 3.76 x 4.68 x 3.2 x 3.18 x 3 x 2.63 x 2.28 x 2.22 x
EV / EBITDA 26.3 x 45.7 x 18 x 16.6 x 14 x 12.2 x 11 x 9.71 x
EV / FCF -27.2 x 45.9 x 21.2 x 32.1 x - 23.4 x 19.8 x 18.5 x
FCF Yield -3.67% 2.18% 4.72% 3.12% - 4.27% 5.06% 5.39%
Price to Book 4.73 x 6.02 x 4.2 x 4.26 x - 3.66 x 3.11 x 2.78 x
Nbr of stocks (in thousands) 12,744 12,732 12,718 12,703 12,691 12,688 - -
Reference price 3 273,920 345,361 265,283 292,157 352,500 317,000 317,000 317,000
Announcement Date 2/7/20 2/4/21 1/27/22 2/8/23 2/2/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,114 1,076 1,206 1,332 1,491 1,627 1,762 1,738
EBITDA 1 159.3 110.3 214.5 254.9 319.1 349.9 366.9 397
EBIT 1 103.9 48.68 127.4 157 220.7 255.6 273.7 309.4
Operating Margin 9.33% 4.52% 10.56% 11.79% 14.8% 15.71% 15.53% 17.8%
Earnings before Tax (EBT) 1 83.3 22.13 103.8 116.9 194 232.9 258.3 293.6
Net income 1 52.11 11.96 81.08 76.93 159.3 173.4 188 215.5
Net margin 4.68% 1.11% 6.72% 5.78% 10.68% 10.66% 10.67% 12.4%
EPS 2 4,170 939.5 5,270 7,994 11,522 13,675 14,998 16,877
Free Cash Flow 3 -153,685 109,719 181,974 131,890 - 182,715 203,458 207,838
FCF margin -13,800.71% 10,198.36% 15,088.37% 9,903.76% - 11,230.84% 11,545.15% 11,957.93%
FCF Conversion (EBITDA) - 99,459.77% 84,835.58% 51,735.49% - 52,219.32% 55,458.87% 52,357.88%
FCF Conversion (Net income) - 917,443.51% 224,446.95% 171,451.1% - 105,361.15% 108,201.97% 96,444.32%
Dividend per Share 2 461.9 471.2 480.6 490.2 - 495.0 500.5 500.0
Announcement Date 2/7/20 2/4/21 1/27/22 2/8/23 2/2/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 303.1 350.5 321.1 316.5 342.1 351.3 361.7 342.7 364.6 422.4 403.7 386.1 400.6 438.5 422.5
EBITDA 1 - - - 54.47 72.67 64.1 84.57 57.83 - 94.72 94.8 74.1 85.6 74.3 -
EBIT 1 36.88 42.72 38.67 29.57 46.8 37.76 60.45 33.16 57.52 70.1 76.64 49.32 59.04 66.3 70.05
Operating Margin 12.17% 12.19% 12.04% 9.34% 13.68% 10.75% 16.71% 9.67% 15.78% 16.6% 18.99% 12.77% 14.74% 15.12% 16.58%
Earnings before Tax (EBT) 1 32.12 34.14 35.67 26.41 37.89 16.6 55.62 25.43 56.28 56.91 74.98 51.7 48.6 59.8 72.05
Net income 1 23.4 17.47 19.31 18.02 25.37 13.61 43.11 16.06 54.71 47.45 55 38.2 32 41.8 37.7
Net margin 7.72% 4.98% 6.01% 5.69% 7.42% 3.87% 11.92% 4.68% 15% 11.23% 13.63% 9.89% 7.99% 9.53% 8.92%
EPS - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/4/21 1/27/22 4/27/22 7/18/22 11/1/22 2/8/23 4/26/23 7/28/23 11/1/23 2/2/24 4/30/24 - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 693 643 481 519 - 262 - -
Net Cash position 1 - - - - - - 0.53 168
Leverage (Debt/EBITDA) 4.354 x 5.825 x 2.244 x 2.038 x - 0.7476 x - -
Free Cash Flow 2 -153,685 109,719 181,974 131,890 - 182,715 203,458 207,838
ROE (net income / shareholders' equity) 7.93% 1.65% 9.21% 9.89% 15.1% 17.1% 15.4% 16.3%
ROA (Net income/ Total Assets) 3.54% 0.63% 3.51% 4.29% - 9.25% 9.34% 9.67%
Assets 1 1,471 1,898 2,310 1,794 - 1,876 2,013 2,228
Book Value Per Share 3 57,930 57,329 63,128 68,632 - 86,697 101,768 114,138
Cash Flow per Share 3 996.0 11,901 15,876 12,773 - 23,787 24,665 26,197
Capex 1 166 41.8 19.9 30.4 - 50.7 60.6 54.7
Capex / Sales 14.92% 3.89% 1.65% 2.28% - 3.11% 3.44% 3.15%
Announcement Date 2/7/20 2/4/21 1/27/22 2/8/23 2/2/24 - - -
1KRW in Billions2KRW in Million3KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
317,000 KRW
Average target price
408,986 KRW
Spread / Average Target
+29.02%
Consensus

Quarterly revenue - Rate of surprise

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