(HAFNI) Hafnia - OL
Sector: Industrials | Industry: Marine Shipping | Exchange: OL (Norway) | Market Cap: 35.584m NOK | Total Return: 35.1% in 12m
Avg Turnover: 39.9M
EPS Trend: -88.7%
Qual. Beats: 0
Rev. Trend: -8.8%
Qual. Beats: 0
Warnings
Fakeout Below Avwap Earnings
Tailwinds
No distinct edge detected
Hafnia Limited is a Singapore-based maritime transportation company specializing in the ownership and operation of oil product tankers. The company manages a diverse fleet categorized by size and capacity, including Long Range II, Long Range I, Medium Range, and Handy Size vessels. Its primary operations involve the global transport of refined petroleum products, vegetable oils, and easy chemicals for a client base of national oil companies, utilities, and chemical traders.
The product tanker market relies on arbitrage opportunities created by regional imbalances between refinery output and local consumption. Unlike crude tankers that carry unrefined oil, product tankers like those in Hafnias fleet require specialized internal coatings to prevent cargo contamination and allow for the transport of multiple grades of refined fuel on a single voyage.
Formerly known as BW Tankers Limited, the firm adopted its current name in 2019 following a significant merger. In addition to direct vessel ownership, Hafnia generates revenue through chartering activities and the provision of technical maritime services within the global energy supply chain.
- Product tanker spot rates volatility impacts core segment revenue
- Geopolitical disruptions extend voyage distances and increase ton-mile demand
- Fleet modernization and fuel efficiency improvements drive operating margin expansion
- High dividend payout ratio and share buybacks dictate total shareholder returns
| Net Income: 456.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA -11.94 > 1.0 |
| NWC/Revenue: 17.73% < 20% (prev 6.72%; Δ 11.02% < -1%) |
| CFO/TA 0.26 > 3% & CFO 1.04b > Net Income 456.2m |
| Net Debt (-74.9m) to EBITDA (645.2m): -0.12 < 3 |
| Current Ratio: 1.60 > 1.5 & < 3 |
| Outstanding Shares: last quarter (499.8m) vs 12m ago -0.83% < -2% |
| Gross Margin: 21.00% > 18% (prev 26.47%; Δ -5.47% > 0.5%) |
| Asset Turnover: 62.27% > 50% (prev 71.19%; Δ -8.93% > 0%) |
| Interest Coverage Ratio: 9.31 > 6 (EBIT TTM 444.7m / Interest Expense TTM 47.7m) |
| A: 0.11 (Total Current Assets 1.13b - Total Current Liabilities 708.1m) / Total Assets 4.03b |
| B: 0.22 (Retained Earnings 897.8m / Total Assets 4.03b) |
| C: 0.12 (EBIT TTM 444.7m / Avg Total Assets 3.86b) |
| D: 1.71 (Book Value of Equity 2.54b / Total Liabilities 1.49b) |
| Altman-Z'' = 3.99 = AA |
| DSRI: 1.39 (Receivables 670.2m/525.9m, Revenue 2.41b/2.63b) |
| GMI: 1.26 (GM 26.47% / 21.00%) |
| AQI: 2.70 (AQ_t 0.15 / AQ_t-1 0.05) |
| SGI: 0.91 (Revenue 2.41b / 2.63b) |
| TATA: -0.14 (NI 456.2m - CFO 1.04b) / TA 4.03b) |
| Beneish M = -1.54 (Cap -4..+1) = CCC |
As of June 20, 2026, the stock is trading at NOK 68.85 with a total of 483,102 shares traded.
Over the past week, the price has changed by -2.75%,
over one month by -12.63%,
over three months by +7.09% and
over the past year by +35.10%.
Hafnia has no consensus analysts rating.
Market Cap USD = 3.74b (35.6b NOK * 0.1052 NOK.USD)
P/E Trailing = 8.3275
P/E Forward = 5.1256
P/S = 14.7947
P/B = 1.4554
Revenue TTM = 2.41b USD
EBIT TTM = 444.7m USD
EBITDA TTM = 645.2m USD
Long Term Debt = 734.4m USD (from longTermDebt, last quarter)
Short Term Debt = 219.5m USD (from shortLongTermDebt, last quarter)
Debt = 71.6m USD (Leases only: 71.6m)
Net Debt = -74.9m USD (calculated: Debt 71.6m - CCE 146.5m)
Enterprise Value = 3.67b USD (3.74b + Debt 71.6m - CCE 146.5m)
Interest Coverage Ratio = 9.31 (Ebit TTM 444.7m / Interest Expense TTM 47.7m)
EV/FCF = 8.09x (Enterprise Value 3.67b / FCF TTM 453.6m)
FCF Yield = 12.36% (FCF TTM 453.6m / Enterprise Value 3.67b)
FCF Margin = 18.86% (FCF TTM 453.6m / Revenue TTM 2.41b)
Net Margin = 18.97% (Net Income TTM 456.2m / Revenue TTM 2.41b)
Gross Margin = 21.00% ((Revenue TTM 2.41b - Cost of Revenue TTM 1.90b) / Revenue TTM)
Gross Margin QoQ = 23.73% (prev 21.73%)
Tobins Q-Ratio = 0.91 (Enterprise Value 3.67b / Total Assets 4.03b)
Interest Expense / Debt = 66.68% (Interest Expense 47.7m / Debt 71.6m)
Taxrate = 0.41% (1.86m / 458.1m)
NOPAT = 442.9m (EBIT 444.7m * (1 - 0.41%))
Current Ratio = 1.60 (Total Current Assets 1.13b / Total Current Liabilities 708.1m)
Debt / Equity = 0.03 (Debt 71.6m / totalStockholderEquity, last quarter 2.54b)
Debt / EBITDA = -0.12 (Net Debt -74.9m / EBITDA 645.2m)
Debt / FCF = -0.17 (Net Debt -74.9m / FCF TTM 453.6m)
Total Stockholder Equity = 2.38b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.81% (Net Income 456.2m / Total Assets 4.03b)
RoE = 19.21% (Net Income TTM 456.2m / Total Stockholder Equity 2.38b)
RoCE = 14.30% (EBIT 444.7m / Capital Employed (Equity 2.38b + L.T.Debt 734.4m))
RoIC = 13.84% (NOPAT 442.9m / Invested Capital 3.20b)
WACC = 6.12% (E(3.74b)/V(3.82b) * Re(6.24%) + (debt cost/tax rate unavailable))
Discount Rate = 6.24% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -2.22 | Cagr: -0.29%
[DCF] Terminal Value 73.10% ; FCFF base≈615.1m ; Y1≈539.4m ; Y5≈435.9m
[DCF] Fair Price = 14.15 (EV 7.00b - Net Debt -74.9m = Equity 7.07b / Shares 499.8m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -88.71 | EPS CAGR: -35.07% | SUE: -0.74 | # QB: 0
Revenue Correlation: -8.79 | Revenue CAGR: -1.57% | SUE: 0.24 | # QB: 0
EPS current Quarter (2026-06-30): EPS=5.01 | Chg30d=-2.92% | Revisions=+0% | Analysts=3
EPS next Quarter (2026-09-30): EPS=2.90 | Chg30d=+7.37% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=12.44 | Chg30d=-1.06% | Revisions=-14% | GrowthEPS=+88.2% | GrowthRev=+28.1%
EPS next Year (2027-12-31): EPS=5.84 | Chg30d=-1.55% | Revisions=-25% | GrowthEPS=-53.1% | GrowthRev=-30.6%
[Analyst] Revisions Ratio: -25%