Overview Dividends

(HAFN) Hafnia - Ratings and Ratios

Exchange: NYSE • Country: Singapore • Currency: USD • Type: Common Stock • ISIN: SGXZ53070850

Tankers, Chartering, Logistics, Shipping

Oil & Gas Storage & Transportation
Market Cap in USD: 2,913m
IPO / Inception: 2020-06-18
Return 12m vs S&P 500: -14.3%

EPS (Earnings per Share)

EPS (Earnings per Share) of HAFN over the last years for every Quarter: "2020-12": -0.0728, "2021-03": -0.0431, "2021-06": -0.0309, "2021-09": -0.0571, "2021-12": -0.0217, "2022-03": 0.0488, "2022-06": 0.3998, "2022-09": 0.5821, "2022-12": 0.5394, "2023-03": 0.504, "2023-06": 0.4203, "2023-09": 0.29, "2023-12": 0.3468, "2024-03": 0.4307, "2024-06": 0.5035, "2024-09": 0.4184, "2024-12": 0.1294, "2025-03": 0.1269, "2025-06": 0.15, "2025-09": 0.18, "2025-12": 0,
EPS CAGR: -19.98%
EPS Trend: -52.1%
Last SUE: -4.00
Qual. Beats: 0

Revenue

Revenue of HAFN over the last years for every Quarter: 2020-12: null, 2021-03: null, 2021-06: null, 2021-09: 189.5, 2021-12: 244.317, 2022-03: 267.331, 2022-06: 467.764, 2022-09: 522.379, 2022-12: 575.07, 2023-03: 597.106, 2023-06: 700.942, 2023-09: 650.767, 2023-12: 1164.794, 2024-03: 784.893, 2024-06: 831.162, 2024-09: 719.731, 2024-12: 532.861, 2025-03: 547.91, 2025-06: 554.155, 2025-09: 586.882, 2025-12: null,
Rev. CAGR: 26.33%
Rev. Trend: 53.5%
Qual. Beats: 0

Dividends

Dividend Yield 6.97%
Yield on Cost 5y 19.36%
Yield CAGR 5y -6.43%
Payout Consistency 61.8%
Payout Ratio 68.0%
Risk via 5d forecast
Volatility 35.1%
Value at Risk 5%th 56.2%
Relative Tail Risk -2.74%
Reward TTM
Sharpe Ratio 0.35
Alpha -5.80
CAGR/Max DD 0.87
Character TTM
Hurst Exponent 0.490
Beta 0.620
Beta Downside 1.056
Drawdowns 3y
Max DD 53.49%
Mean DD 17.71%
Median DD 15.54%

Description: HAFN Hafnia November 09, 2025

Hafnia Limited (NYSE:HAFN) is a Singapore-based owner-operator of oil product tankers incorporated in Bermuda, managing a fleet of 207 vessels across Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty refined products, vegetable oils, and easy chemicals for national and international oil, chemical, trading, and utility firms, while also offering ship-owning, management, chartering, and agency services.

Key operational metrics indicate a total deadweight tonnage of roughly 1.5 million DWT, with an average vessel age of 9 years and a fleet utilization rate that typically hovers around 85 % in a market where spot charter rates for MR vessels have risen 12 % year-over-year (as of Q3 2024). Hafnia’s FY 2023 EBITDA margin was approximately 15 %, reflecting the premium pricing environment for clean product transport amid tightening global refined-product demand.

Sector drivers include rising demand for refined fuels in emerging markets, tighter environmental regulations that favor newer, lower-emission tankers, and the ongoing shift toward cleaner feedstocks such as vegetable oils. For a deeper quantitative view of Hafnia’s valuation metrics and scenario analysis, the ValueRay platform offers a transparent data dashboard worth checking.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (309.7m TTM) > 0 and > 6% of Revenue (6% = 133.3m TTM)
FCFTA 0.14 (>2.0%) and ΔFCFTA -10.49pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 13.25% (prev 11.65%; Δ 1.59pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.18 (>3.0%) and CFO 640.3m > Net Income 309.7m (YES >=105%, WARN >=100%)
Net Debt (762.0m) to EBITDA (555.6m) ratio: 1.37 <= 3.0 (WARN <= 3.5)
Current Ratio 1.52 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (504.1m) change vs 12m ago -2.19% (target <= -2.0% for YES)
Gross Margin 20.79% (prev 27.10%; Δ -6.31pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 60.19% (prev 91.83%; Δ -31.64pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 6.91 (EBITDA TTM 555.6m / Interest Expense TTM 50.7m) >= 6 (WARN >= 3)

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 (Balance) 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
Total Rating: 3.95 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 74.74

1. Piotroski 6.0pt
2. FCF Yield 14.01%
3. FCF Margin 23.17%
4. Debt/Equity 0.38
5. Debt/Ebitda 1.37
6. ROIC - WACC (= 5.44)%
7. RoE 13.50%
8. Rev. Trend 53.52%
9. EPS Trend -52.12%

What is the price of HAFN shares?

As of January 10, 2026, the stock is trading at USD 5.72 with a total of 1,716,273 shares traded.
Over the past week, the price has changed by +9.79%, over one month by +0.00%, over three months by -0.57% and over the past year by +3.71%.

Is HAFN a buy, sell or hold?

Hafnia has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy HAFN.
  • 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 74.8%
Analysts Target Price 10 74.8%
ValueRay Target Price 6.6 14.7%

HAFN Fundamental Data Overview January 10, 2026

P/E Trailing = 9.5246
P/E Forward = 7.7399
P/S = 1.311
P/B = 1.2414
Beta = -0.263
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 = 3.67b USD (2.91b + Debt 894.5m - CCE 132.5m)
Interest Coverage Ratio = 6.91 (Ebit TTM 350.3m / Interest Expense TTM 50.7m)
FCF Yield = 14.01% (FCF TTM 514.8m / Enterprise Value 3.67b)
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 3.67b / 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 = 6.53% (E(2.91b)/V(3.81b) * Re(8.20%) + D(894.5m)/V(3.81b) * Rd(1.12%) * (1-Tc(0.01)))
Discount Rate = 8.20% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.45%
[DCF Debug] Terminal Value 82.91% ; FCFF base≈688.7m ; Y1≈642.6m ; Y5≈592.3m
Fair Price DCF = 28.07 (EV 14.74b - Net Debt 762.0m = Equity 13.98b / Shares 498.0m; r=6.53% [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

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle