042700:KRXHANMI Semiconductor Co., Ltd. Analysis
Data as of 2026-03-11 - not real-time
₩312,500.00
Latest Price
7/10Risk
Risk Level: Medium
Executive Summary
HANMI Semiconductor is trading well above its DCF fair value of ≈21,500 KRW, with the market price near the 52‑week high of 335,500 KRW and a current price of 312,500 KRW. Technicals show bullish momentum – the 20‑day SMA (247,585 KRW) sits above the 50‑day SMA (202,026 KRW) and the 200‑day SMA (127,855 KRW), the MACD histogram is positive (≈6,800), and the RSI is at 63.8, indicating room for upside but also approaching overbought levels.
Fundamentally, the company boasts strong profitability (gross margin ~58%, operating margin ~41%, ROE ~40%) and abundant cash (≈199 bn KRW) with minimal debt, yet revenue is contracting (-20% YoY) and valuation multiples are stretched (forward P/E ~60 versus industry ~37). The dividend payout is modest (0.25% yield, 28% payout), suggesting sustainability. Overall, the stock reflects a high‑beta, high‑volatility profile amid a bullish technical backdrop but appears significantly overvalued.
Fundamentally, the company boasts strong profitability (gross margin ~58%, operating margin ~41%, ROE ~40%) and abundant cash (≈199 bn KRW) with minimal debt, yet revenue is contracting (-20% YoY) and valuation multiples are stretched (forward P/E ~60 versus industry ~37). The dividend payout is modest (0.25% yield, 28% payout), suggesting sustainability. Overall, the stock reflects a high‑beta, high‑volatility profile amid a bullish technical backdrop but appears significantly overvalued.
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 6/10
Key Factors
- Bullish SMA crossover and positive MACD
- RSI approaching overbought territory
- Current price far above DCF fair value
Medium Term
1–3 yearsNeutral
Model confidence: 5/10
Key Factors
- Strong cash generation and low debt
- Revenue contraction raising earnings sustainability concerns
- Elevated valuation multiples relative to peers
Long Term
> 3 yearsCautious
Model confidence: 7/10
Key Factors
- Persistent overvaluation versus intrinsic value
- Cyclical exposure of semiconductor equipment sector
- Potential correction driven by high beta and volatility
Key Metrics & Analysis
Financial Health
Revenue Growth-20.30%
Profit Margin37.56%
P/E Ratio60.0
ROE40.01%
ROA24.48%
Debt/Equity0.45
Op. Cash Flow₩225.3B
Free Cash Flow₩132.7B
Industry P/E36.8
Technical Analysis
TrendBullish
RSI63.8
Support₩180,400.00
Resistance₩335,500.00
MA 20₩247,585.00
MA 50₩202,026.00
MA 200₩127,855.00
MACDBullish
VolumeIncreasing
Fear & Greed Index75.64
Valuation
Fair Value₩21,493.90
Target Price₩187,000.00
Upside/Downside-40.16%
GradeOvervalued
TypeValue
Dividend Yield0.25%
Risk Assessment
Beta0.72
Volatility134.06%
Sector RiskMedium
Reg. RiskMedium
Geo RiskMedium
Currency RiskMedium
Liquidity RiskLow
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.