HanmiGlobal Co., Ltd.’s (KRX:053690) 36% Share Price Surge Not Quite Adding Up
HanmiGlobal Co., Ltd. (KRX:053690) shareholders have had their patience rewarded with a 36% share price jump in the last month. Looking back a bit further, it’s encouraging to see the stock is up 40% in the last year.
Even after such a large jump in price, you could still be forgiven for feeling indifferent about HanmiGlobal’s P/E ratio of 11.1x, since the median price-to-earnings (or “P/E”) ratio in Korea is also close to 13x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/E.
