Hanmi Science Co., Ltd.’s (KRX:008930) 30% Share Price Surge Not Quite Adding Up
The Hanmi Science Co., Ltd. (KRX:008930) share price has done very well over the last month, posting an excellent gain of 30%. Unfortunately, despite the strong performance over the last month, the full year gain of 7.0% isn’t as attractive.
After such a large jump in price, Hanmi Science may be sending very bearish signals at the moment with a price-to-earnings (or “P/E”) ratio of 41.5x, since almost half of all companies in Korea have P/E ratios under 12x and even P/E’s lower than 6x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
Our free stock report includes 1 warning sign investors should be aware of before investing in Hanmi Science. Read for…
