(HAFN) Hafnia - Ratings and Ratios
Tankers, Transportation, Shipping, Chartering, Logistics
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 7.21% |
| Yield on Cost 5y | 19.36% |
| Yield CAGR 5y | -6.43% |
| Payout Consistency | 61.8% |
| Payout Ratio | 68.0% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 35.3% |
| Value at Risk 5%th | 56.5% |
| Relative Tail Risk | -2.58% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.49 |
| Alpha | 10.86 |
| CAGR/Max DD | 0.86 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.520 |
| Beta | 0.691 |
| Beta Downside | 1.165 |
| Drawdowns 3y | |
|---|---|
| Max DD | 53.49% |
| Mean DD | 17.75% |
| Median DD | 15.75% |
Description: HAFN Hafnia January 12, 2026
Hafnia Limited (NYSE:HAFN) is a Singapore-based owner-operator of oil product tankers, managing a fleet of 207 vessels across Long Range II, Long Range I, Medium Range (MR), Handy, and Specialized segments. The company transports both clean and dirty refined petroleum products, vegetable oils, and easy chemicals for a broad client base that includes national oil companies, chemical producers, traders, and utilities, while also offering ship-management, chartering, and corporate support services.
Key operational metrics (as of Q3 2024) indicate an average fleet utilization of roughly 84% and a mean vessel age of 7.5 years, positioning Hafnia favorably against the industry average age of 9 years. Spot charter rates for LR2 vessels have hovered around $15,000–$18,000 per day, reflecting a modest premium over the Baltic Dirty Tanker Index (BDTI) due to Hafnia’s diversified product mix. The company’s net-debt-to-EBITDA ratio stands near 2.1×, suggesting a manageable leverage profile relative to peers.
The primary economic drivers for Hafnia are global refined product demand, which is projected to grow 2–3% annually through 2028, and the volatility of oil price spreads that influence charter market dynamics. Additionally, the rising consumption of vegetable oils in emerging markets and stricter environmental regulations on fuel quality are expanding the “clean product” segment, providing a tailwind for Hafnia’s specialized vessels. A potential risk is the acceleration of a modal shift toward rail and pipeline transport for certain commodities, which could compress tanker utilization rates.
For a deeper quantitative dive, you might explore Hafnia’s metrics on ValueRay, where the platform aggregates charter market data and financial ratios to help assess the stock’s risk-adjusted upside.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 309.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA -10.49 > 1.0 |
| NWC/Revenue: 13.25% < 20% (prev 11.65%; Δ 1.59% < -1%) |
| CFO/TA 0.18 > 3% & CFO 640.3m > Net Income 309.7m |
| Net Debt (762.0m) to EBITDA (555.6m): 1.37 < 3 |
| Current Ratio: 1.52 > 1.5 & < 3 |
| Outstanding Shares: last quarter (504.1m) vs 12m ago -2.19% < -2% |
| Gross Margin: 20.79% > 18% (prev 0.27%; Δ 2052 % > 0.5%) |
| Asset Turnover: 60.19% > 50% (prev 91.83%; Δ -31.64% > 0%) |
| Interest Coverage Ratio: 6.91 > 6 (EBITDA TTM 555.6m / Interest Expense TTM 50.7m) |
Altman Z'' 3.95
| A: 0.08 (Total Current Assets 863.9m - Total Current Liabilities 569.5m) / Total Assets 3.57b |
| B: 0.23 (Retained Earnings 809.8m / Total Assets 3.57b) |
| C: 0.09 (EBIT TTM 350.3m / Avg Total Assets 3.69b) |
| D: 1.94 (Book Value of Equity 2.40b / Total Liabilities 1.24b) |
| Altman-Z'' Score: 3.95 = AA |
Beneish M -2.79
| DSRI: 1.39 (Receivables 501.5m/568.3m, Revenue 2.22b/3.50b) |
| GMI: 1.30 (GM 20.79% / 27.10%) |
| AQI: 0.99 (AQ_t 0.05 / AQ_t-1 0.05) |
| SGI: 0.63 (Revenue 2.22b / 3.50b) |
| TATA: -0.09 (NI 309.7m - CFO 640.3m) / TA 3.57b) |
| Beneish M-Score: -2.79 = A |
ValueRay F-Score (Strict, 0-100) 75.49
| 1. Piotroski: 7.0pt |
| 2. FCF Yield: 13.97% |
| 3. FCF Margin: 23.17% |
| 4. Debt/Equity: 0.38 |
| 5. Debt/Ebitda: 1.37 |
| 6. ROIC - WACC: 5.24% |
| 7. RoE: 13.50% |
| 8. Revenue Trend: 53.52% |
| 9. EPS Trend: -52.12% |
What is the price of HAFN shares?
Over the past week, the price has changed by -2.21%, over one month by +7.89%, over three months by -7.59% and over the past year by +16.69%.
Is HAFN a buy, sell or hold?
- Strong Buy: 2
- Buy: 0
- Hold: 0
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the HAFN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10 | 74.2% |
| Analysts Target Price | 10 | 74.2% |
| ValueRay Target Price | 6.4 | 11% |
HAFN Fundamental Data Overview January 17, 2026
P/E Forward = 7.758
P/S = 1.3155
P/B = 1.2457
Revenue TTM = 2.22b USD
EBIT TTM = 350.3m USD
EBITDA TTM = 555.6m USD
Long Term Debt = 555.8m USD (from longTermDebt, last quarter)
Short Term Debt = 224.6m USD (from shortTermDebt, last quarter)
Debt = 894.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 762.0m USD (from netDebt column, last quarter)
Enterprise Value = 3.68b USD (2.92b + Debt 894.5m - CCE 132.5m)
Interest Coverage Ratio = 6.91 (Ebit TTM 350.3m / Interest Expense TTM 50.7m)
EV/FCF = 7.16x (Enterprise Value 3.68b / FCF TTM 514.8m)
FCF Yield = 13.97% (FCF TTM 514.8m / Enterprise Value 3.68b)
FCF Margin = 23.17% (FCF TTM 514.8m / Revenue TTM 2.22b)
Net Margin = 13.94% (Net Income TTM 309.7m / Revenue TTM 2.22b)
Gross Margin = 20.79% ((Revenue TTM 2.22b - Cost of Revenue TTM 1.76b) / Revenue TTM)
Gross Margin QoQ = 19.38% (prev 18.63%)
Tobins Q-Ratio = 1.03 (Enterprise Value 3.68b / Total Assets 3.57b)
Interest Expense / Debt = 1.12% (Interest Expense 9.99m / Debt 894.5m)
Taxrate = 0.76% (699.0k / 92.2m)
NOPAT = 347.6m (EBIT 350.3m * (1 - 0.76%))
Current Ratio = 1.52 (Total Current Assets 863.9m / Total Current Liabilities 569.5m)
Debt / Equity = 0.38 (Debt 894.5m / totalStockholderEquity, last quarter 2.33b)
Debt / EBITDA = 1.37 (Net Debt 762.0m / EBITDA 555.6m)
Debt / FCF = 1.48 (Net Debt 762.0m / FCF TTM 514.8m)
Total Stockholder Equity = 2.29b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.39% (Net Income 309.7m / Total Assets 3.57b)
RoE = 13.50% (Net Income TTM 309.7m / Total Stockholder Equity 2.29b)
RoCE = 12.29% (EBIT 350.3m / Capital Employed (Equity 2.29b + L.T.Debt 555.8m))
RoIC = 11.98% (NOPAT 347.6m / Invested Capital 2.90b)
WACC = 6.74% (E(2.92b)/V(3.82b) * Re(8.46%) + D(894.5m)/V(3.82b) * Rd(1.12%) * (1-Tc(0.01)))
Discount Rate = 8.46% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.45%
[DCF Debug] Terminal Value 82.06% ; FCFF base≈688.7m ; Y1≈642.6m ; Y5≈592.3m
Fair Price DCF = 26.52 (EV 13.97b - Net Debt 762.0m = Equity 13.21b / Shares 498.0m; r=6.74% [WACC]; 5y FCF grow -8.51% → 2.90% )
EPS Correlation: -52.12 | EPS CAGR: -19.98% | SUE: -4.0 | # QB: 0
Revenue Correlation: 53.52 | Revenue CAGR: 26.33% | SUE: N/A | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.19 | Chg30d=-0.020 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=0.75 | Chg30d=-0.110 | Revisions Net=-1 | Growth EPS=+10.3% | Growth Revenue=-0.4%
Additional Sources for HAFN Stock
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Fund Manager Positions: Dataroma | Stockcircle