HAFN Stock Analysis: Hafnia | NYSE
Marine Shipping | NYSE, USA | Market Cap: 5.739m USD | 12M Return: 117.2% | SGXZ53070850 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 29.4M
EPS Trend: -73.4%
Qual. Beats: 2
Rev. Trend: -60.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 6.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Hafnia Limited (NYSE: HAFN) is a Singapore-based investment holding company that owns and operates a fleet of oil product tankers, organized across four vessel segments: Long Range II, Long Range I, Medium Range (MR), and Handy Size. The company transports clean and dirty refined oil products, vegetable oil, and easy chemicals, serving national and international oil companies, chemical companies, and trading and utility companies. Its activities span ship owning, chartering, and the provision of maritime services within the product and chemical tanker markets. The company was founded in 2010 and was formerly known as BW Tankers Limited before adopting its current name in January 2019.
As an operator in the Oil & Gas Storage & Transportation sub-industry, Hafnia earns revenue primarily through chartering arrangements-either on time-charter contracts (fixed fees for set periods) or in the spot market (single voyages at prevailing rates). The Medium Range (MR) segment is typically considered the backbone of the product tanker industry, as MR vessels are versatile enough to serve most global refined product routes and trade hubs.
- Product tanker charter rates rise on tight vessel supply
- IMO decarbonization rules pressure fleet renewal capex
- Asian refining demand boosts MR segment utilization
| Net Income: 658.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA -5.70 > 1.0 |
| NWC/Revenue: 16.18% < 20% (prev 6.47%; Δ 9.72% < -1%) |
| CFO/TA 0.17 > 3% & CFO 663.0m > Net Income 658.7m |
| Net Debt (608.4m) to EBITDA (874.7m): 0.70 < 3 |
| Current Ratio: 1.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (506.0m) vs 12m ago 0.41% < -2% |
| Gross Margin: 24.21% > 18% (prev 24.23%; Δ -0.02% > 0.5%) |
| Asset Turnover: 69.88% > 50% (prev 64.05%; Δ 5.83% > 0%) |
| Interest Coverage Ratio: 14.57 > 6 (EBIT TTM 678.0m / Interest Expense TTM 46.5m) |
| A: 0.11 (Total Current Assets 1.09b - Total Current Liabilities 658.8m) / Total Assets 3.96b |
| B: 0.26 (Retained Earnings 1.03b / Total Assets 3.96b) |
| C: 0.18 (EBIT TTM 678.0m / Avg Total Assets 3.82b) |
| D: 2.02 (Book Value of Equity 2.65b / Total Liabilities 1.31b) |
| Altman-Z'' = 4.88 = AA |
| DSRI: 1.16 (Receivables 615.4m/467.9m, Revenue 2.67b/2.35b) |
| GMI: 1.00 (GM 24.23% / 24.21%) |
| AQI: 2.87 (AQ_t 0.15 / AQ_t-1 0.05) |
| SGI: 1.13 (Revenue 2.67b / 2.35b) |
| TATA: -0.00 (NI 658.7m - CFO 663.0m) / TA 3.96b) |
| Beneish M = -1.69 (Cap -4..+1) = CCC |
As of October 13, 2026, the stock is trading at USD 10.92 with a total of 2,685,943 shares traded. Over the past week, the price has changed by +6.23%, over one month by +17.04%, over three months by +58.00% and over the past year by +117.15%.
Current recommended Stop Loss: 10.30 (which is 5.7% or 1.7 ATR below the current price).
Hafnia has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy HAFN.
- StrongBuy: 1
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 11.5 | 5.3% |
P/E Trailing = 8.4409
P/E Forward = 12.1212
P/S = 2.1519
P/B = 1.7163
Revenue TTM = 2.67b USD
EBIT TTM = 678.0m USD
EBITDA TTM = 874.7m USD
Long Term Debt = 610.4m USD (from longTermDebt, last quarter)
Short Term Debt = 231.1m USD (from shortTermDebt, last quarter)
Debt = 961.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 77.1m
Net Debt = 608.4m USD (calculated: Debt 961.0m - CCE 352.6m)
Enterprise Value = 6.35b USD (5.74b + Debt 961.0m - CCE 352.6m)
Interest Coverage Ratio = 14.57 (Ebit TTM 678.0m / Interest Expense TTM 46.5m)
EV/FCF = 11.62x (Enterprise Value 6.35b / FCF TTM 546.2m)
FCF Yield = 8.61% (FCF TTM 546.2m / Enterprise Value 6.35b)
FCF Margin = 20.48% (FCF TTM 546.2m / Revenue TTM 2.67b)
Net Margin = 24.70% (Net Income TTM 658.7m / Revenue TTM 2.67b)
Gross Margin = 24.21% ((Revenue TTM 2.67b - Cost of Revenue TTM 2.02b) / Revenue TTM)
Gross Margin QoQ = 30.92% (prev 23.73%)
Tobins Q-Ratio = 1.60 (Enterprise Value 6.35b / Total Assets 3.96b)
Interest Expense / Debt = 4.84% (Interest Expense 46.5m / Debt 961.0m)
Taxrate = 0.09% (616k / 659.4m)
NOPAT = 677.3m (EBIT 678.0m * (1 - 0.09%))
Current Ratio = 1.66 (Total Current Assets 1.09b / Total Current Liabilities 658.8m)
Debt / Equity = 0.36 (Debt 961.0m / totalStockholderEquity, last quarter 2.65b)
Debt / EBITDA = 0.70 (Net Debt 608.4m / EBITDA 874.7m)
Debt / FCF = 1.11 (Net Debt 608.4m / FCF TTM 546.2m)
Total Stockholder Equity = 2.46b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.26% (Net Income 658.7m / Total Assets 3.96b)
RoE = 26.76% (Net Income TTM 658.7m / Total Stockholder Equity 2.46b)
RoCE = 22.07% (EBIT 678.0m / Capital Employed (Equity 2.46b + L.T.Debt 610.4m))
RoIC = 19.94% (NOPAT 677.3m / Invested Capital 3.40b)
WACC = 5.87% (E(5.74b)/V(6.70b) * Re(6.04%) + D(961.0m)/V(6.70b) * Rd(4.84%) * (1-Tc(0.00)))
Discount Rate = 6.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -69.05 | Cagr: -0.33%
[DCF] Terminal Value 73.10% ; FCFF base≈614.5m ; Y1≈538.9m ; Y5≈435.4m
[DCF] Fair Price = 11.92 (EV 6.99b - Net Debt 608.4m = Equity 6.38b / Shares 535.3m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -73.41 | EPS CAGR: -26.61% | SUE: 2.32 | # QB: 2
Revenue Correlation: -60.14 | Revenue CAGR: -10.27% | SUE: 0.78 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.30 | Chg30d=+15.38% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.37 | Chg30d=+3.79% | Revisions=+25% | GrowthEPS=+97.8% | GrowthRev=+34.6%
EPS next Year (2027-12-31): EPS=0.71 | Chg30d=+4.41% | Revisions=+25% | GrowthEPS=-48.2% | GrowthRev=-9.6%