(HAFN) Hafnia - Overview
Sector: Industrials | Industry: Marine Shipping | Exchange: NYSE (USA) | Market Cap: 4.268m USD | Total Return: 75.5% in 12m
Avg Turnover: 11.4M
EPS Trend: -89.7%
Qual. Beats: 0
Rev. Trend: -46.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Supp Ema20, Tailwind, Pullback 52w
Hafnia Limited is a Singapore-based investment holding company specializing in the ownership and operation of oil product tankers. The company manages a diverse fleet across four primary segments: Long Range II, Long Range I, Medium Range, and Handy Size. Its operations involve the global transport of refined oil products, chemicals, and vegetable oils for a client base that includes national oil companies and international trading firms.
The product tanker market operates on a spot and time-charter basis, where vessel earnings are heavily influenced by global refinery margins and regional supply-demand imbalances. Unlike crude tankers, product tankers transport refined fuels, making them sensitive to changes in downstream consumption and industrial output. Hafnia expanded its market position significantly following its 2019 rebranding from BW Tankers.
Investors can evaluate the company’s fleet age and charter rates further on ValueRay.
- Global refined product demand volatility dictates tanker utilization and spot rates
- Geopolitical disruptions in Red Sea transit increase ton-mile demand and revenue
- High dividend payout policy links stock valuation to quarterly cash flow
- Fluctuating bunker fuel prices directly impact vessel operating margins and profitability
- Fleet age and environmental regulations necessitate significant future capital expenditure requirements
| Net Income: 386.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA -11.46 > 1.0 |
| NWC/Revenue: 12.56% < 20% (prev 6.26%; Δ 6.30% < -1%) |
| CFO/TA 0.16 > 3% & CFO 598.3m > Net Income 386.2m |
| Net Debt (1.02b) to EBITDA (581.6m): 1.76 < 3 |
| Current Ratio: 1.53 > 1.5 & < 3 |
| Outstanding Shares: last quarter (504.1m) vs 12m ago 0.03% < -2% |
| Gross Margin: 19.67% > 18% (prev 0.28%; Δ 1.94k% > 0.5%) |
| Asset Turnover: 61.98% > 50% (prev 71.14%; Δ -9.16% > 0%) |
| Interest Coverage Ratio: 7.48 > 6 (EBITDA TTM 581.6m / Interest Expense TTM 50.7m) |
| A: 0.08 (Total Current Assets 843.9m - Total Current Liabilities 551.6m) / Total Assets 3.81b |
| B: 0.22 (Retained Earnings 846.1m / Total Assets 3.81b) |
| C: 0.10 (EBIT TTM 379.7m / Avg Total Assets 3.76b) |
| D: 1.62 (Book Value of Equity 2.41b / Total Liabilities 1.48b) |
| Altman-Z'' = 3.61 = AA |
| DSRI: 1.12 (Receivables 521.9m/526.3m, Revenue 2.33b/2.63b) |
| GMI: 1.45 (GM 19.67% / 28.46%) |
| AQI: 2.14 (AQ_t 0.12 / AQ_t-1 0.06) |
| SGI: 0.88 (Revenue 2.33b / 2.63b) |
| TATA: -0.06 (NI 386.2m - CFO 598.3m) / TA 3.81b) |
| Beneish M = -1.99 (Cap -4..+1) = B |
As of May 26, 2026, the stock is trading at USD 8.54 with a total of 1,787,300 shares traded.
Over the past week, the price has changed by -2.06%,
over one month by -0.58%,
over three months by +20.46% and
over the past year by +75.51%.
Hafnia has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy HAFN.
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 10 | 17.1% |
P/E Trailing = 12.7463
P/E Forward = 6.0976
P/S = 1.8704
P/B = 1.8321
Revenue TTM = 2.33b USD
EBIT TTM = 379.7m USD
EBITDA TTM = 581.6m USD
Long Term Debt = 863.4m USD (from longTermDebt, last fiscal year)
Short Term Debt = 192.3m USD (from shortTermDebt, last quarter)
Debt = 1.21b USD (from shortLongTermDebtTotal, last quarter) + Leases 74.9m
Net Debt = 1.02b USD (calculated: Debt 1.21b - CCE 192.6m)
Enterprise Value = 5.29b USD (4.27b + Debt 1.21b - CCE 192.6m)
Interest Coverage Ratio = 7.48 (Ebit TTM 379.7m / Interest Expense TTM 50.7m)
EV/FCF = 11.83x (Enterprise Value 5.29b / FCF TTM 447.0m)
FCF Yield = 8.45% (FCF TTM 447.0m / Enterprise Value 5.29b)
FCF Margin = 19.20% (FCF TTM 447.0m / Revenue TTM 2.33b)
Net Margin = 16.59% (Net Income TTM 386.2m / Revenue TTM 2.33b)
Gross Margin = 19.67% ((Revenue TTM 2.33b - Cost of Revenue TTM 1.87b) / Revenue TTM)
Gross Margin QoQ = 20.31% (prev 20.31%)
Tobins Q-Ratio = 1.39 (Enterprise Value 5.29b / Total Assets 3.81b)
Interest Expense / Debt = 4.18% (Interest Expense 50.7m / Debt 1.21b)
Taxrate = 0.73% (2.57m / 352.2m)
NOPAT = 376.9m (EBIT 379.7m * (1 - 0.73%))
Current Ratio = 1.53 (Total Current Assets 843.9m / Total Current Liabilities 551.6m)
Debt / Equity = 0.52 (Debt 1.21b / totalStockholderEquity, last quarter 2.33b)
Debt / EBITDA = 1.76 (Net Debt 1.02b / EBITDA 581.6m)
Debt / FCF = 2.28 (Net Debt 1.02b / FCF TTM 447.0m)
Total Stockholder Equity = 2.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.29% (Net Income 386.2m / Total Assets 3.81b)
RoE = 16.62% (Net Income TTM 386.2m / Total Stockholder Equity 2.32b)
RoCE = 11.92% (EBIT 379.7m / Capital Employed (Equity 2.32b + L.T.Debt 863.4m))
RoIC = 10.99% (NOPAT 376.9m / Invested Capital 3.43b)
WACC = 6.55% (E(4.27b)/V(5.48b) * Re(7.23%) + D(1.21b)/V(5.48b) * Rd(4.18%) * (1-Tc(0.01)))
Discount Rate = 7.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -17.98 | Cagr: -0.40%
[DCF] Terminal Value 73.10% ; FCFF base≈611.2m ; Y1≈536.0m ; Y5≈433.1m
[DCF] Fair Price = 11.87 (EV 6.95b - Net Debt 1.02b = Equity 5.93b / Shares 499.8m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -89.74 | EPS CAGR: -34.24% | SUE: -0.17 | # QB: 0
Revenue Correlation: -46.65 | Revenue CAGR: -8.40% | SUE: 0.50 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.18 | Chg30d=+5.88% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=0.78 | Chg30d=+4.00% | Revisions=+20% | GrowthEPS=+0.0% | GrowthRev=+37.1%
EPS next Year (2027-12-31): EPS=0.64 | Chg30d=+12.28% | Revisions=+20% | GrowthEPS=-17.9% | GrowthRev=-33.2%