CPB Inc. (CPF) vs Hanmi Financial Corporation (HAFC)

CPB Inc. and Hanmi Financial Corporation are both Banks Regional companies. CPB Inc. and Hanmi Financial Corporation are of similar size ($948.5M and $943.7M). Hanmi Financial Corporation trades at the lower P/E: 10.7× against 11.7×. CPB Inc. grew revenue faster over the last twelve months: 5.10% against 4.20%. CPB Inc. has the higher net margin (22.5% vs 19.8%) and the higher return on invested capital (22.8% vs 11.3%). Both pay a dividend; Hanmi Financial Corporation yields more (6.78% vs 5.49%). Across the 20 metrics below, Hanmi Financial Corporation leads on 11 and CPB Inc. on 9.

Valuation

Metric CPF HAFC Banks Regional median
P/E 11.74 10.74 12.15
P/S 2.60 2.10 2.37
P/B 1.61 1.17 1.21
Price to free cash flow 9.78 4.51 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.77 1.82 2.27
Earnings yield 8.52% 9.31% 8.11%
Free cash flow yield 10.22% 22.18% 8.98%

Profitability

Metric CPF HAFC Banks Regional median
Gross margin 81.81% 63.45% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 22.52% 19.80% 18.66%
Free cash flow margin 26.57% 46.60% 21.18%
Return on equity 14.25% 11.33% 10.64%
Return on assets 1.12% 1.13% 1.13%
Return on invested capital 22.80% 11.28% 8.33%

Growth

Metric CPF HAFC Banks Regional median
Revenue growth (TTM) 5.10% 4.20% 6.61%
EPS growth (last fiscal year) 45.18% 22.44% —
Revenue growth, 5-year CAGR 7.27% 10.75% 12.30%
Net income growth, 5-year CAGR 15.76% 12.51% 9.71%

Health

Metric CPF HAFC Banks Regional median
Debt to equity 0.13 0.25 0.22
Current ratio 0.84 0.98 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CPF HAFC Banks Regional median
Dividend yield 5.49% 6.78% 3.75%
Payout ratio 0.44 0.31 0.27

Size

Metric CPF HAFC Banks Regional median
Market cap 948.54m 943.74m 921.07m

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