WallStSmart

Hanmi Financial Corporation (HAFC)vsICICI Bank Limited (IBN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

ICICI Bank Limited generates 752542% more annual revenue ($1.92T vs $255.73M). HAFC leads profitability with a 29.7% profit margin vs 27.5%. IBN appears more attractively valued with a PEG of 0.53. HAFC earns a higher WallStSmart Score of 76/100 (B+).

HAFC

Strong Buy

76

out of 100

Grade: B+

Growth: 8.0Profit: 7.5Value: 10.0Quality: 8.0
Piotroski: 6/9Altman Z: 1.08

IBN

Strong Buy

69

out of 100

Grade: B-

Growth: 5.3Profit: 8.0Value: 7.3Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

HAFCUndervalued (+72.6%)

Margin of Safety

+72.6%

Fair Value

$98.19

Current Price

$26.12

$72.07 discount

UndervaluedFair: $98.19Overvalued
IBNSignificantly Overvalued (-191.4%)

Margin of Safety

-191.4%

Fair Value

$10.68

Current Price

$26.31

$15.63 premium

UndervaluedFair: $10.68Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HAFC6 strengths · Avg: 9.2/10
P/E RatioValuation
10.1x10/10

Attractively priced relative to earnings

Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Operating MarginProfitability
43.5%10/10

Strong operational efficiency at 43.5%

Profit MarginProfitability
29.7%9/10

Keeps 30 of every $100 in revenue as profit

Revenue GrowthGrowth
15.7%8/10

15.7% revenue growth

EPS GrowthGrowth
20.2%8/10

Earnings expanding 20.2% YoY

IBN5 strengths · Avg: 8.8/10
Operating MarginProfitability
34.0%10/10

Strong operational efficiency at 34.0%

Market CapQuality
$95.10B9/10

Large-cap with strong market position

Profit MarginProfitability
27.5%9/10

Keeps 28 of every $100 in revenue as profit

PEG RatioValuation
0.538/10

Growing faster than its price suggests

P/E RatioValuation
16.6x8/10

Attractively priced relative to earnings

Areas to Watch

HAFC2 concerns · Avg: 2.5/10
Market CapQuality
$759.07M3/10

Smaller company, higher risk/reward

Altman Z-ScoreHealth
1.082/10

Distress zone — elevated risk

IBN2 concerns · Avg: 3.0/10
Revenue GrowthGrowth
3.0%4/10

3.0% revenue growth

EPS GrowthGrowth
-3.7%2/10

Earnings declined 3.7%

Comparative Analysis Report

WallStSmart Research

Bull Case : HAFC

The strongest argument for HAFC centers on P/E Ratio, Price/Book, Operating Margin. Profitability is solid with margins at 29.7% and operating margin at 43.5%. Revenue growth of 15.7% demonstrates continued momentum.

Bull Case : IBN

The strongest argument for IBN centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 27.5% and operating margin at 34.0%. PEG of 0.53 suggests the stock is reasonably priced for its growth.

Bear Case : HAFC

The primary concerns for HAFC are Market Cap, Altman Z-Score.

Bear Case : IBN

The primary concerns for IBN are Revenue Growth, EPS Growth.

Key Dynamics to Monitor

HAFC profiles as a growth stock while IBN is a value play — different risk/reward profiles.

HAFC carries more volatility with a beta of 0.69 — expect wider price swings.

HAFC is growing revenue faster at 15.7% — sustainability is the question.

Monitor BANKS - REGIONAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

HAFC scores higher overall (76/100 vs 69/100), backed by strong 29.7% margins and 15.7% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Hanmi Financial Corporation

FINANCIAL SERVICES · BANKS - REGIONAL · USA

Hanmi Financial Corporation is the holding company of Hanmi Bank offering commercial banking products and services in the United States. The company is headquartered in Los Angeles, California.

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ICICI Bank Limited

FINANCIAL SERVICES · BANKS - REGIONAL · USA

ICICI Bank Limited offers various banking products and financial services in India and internationally. The company is headquartered in Mumbai, India.

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