HAFNIA LTD (HAFN) Stock Fundamental Analysis
USA - NYSE:HAFN - SGXZ53070850 - Common Stock
6.35 USD
+0.02 (+0.32%)
6.45 USD
+0.1 (+1.57%)
HAFN gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. HAFN has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. HAFN is cheap, but on the other hand it scores bad on growth. These ratings could make HAFN a good candidate for value investing.
1. Profitability
1.1 Basic Checks
HAFN had positive earnings in the past year.
HAFN had a positive operating cash flow in the past year.
HAFN had positive earnings in 4 of the past 5 years.
In the past 5 years HAFN always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 11.82%, HAFN belongs to the top of the industry, outperforming 90.95% of the companies in the same industry.
Looking at the Return On Equity, with a value of 18.86%, HAFN belongs to the top of the industry, outperforming 81.90% of the companies in the same industry.
The Return On Invested Capital of HAFN (11.87%) is better than 85.71% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HAFN is below the industry average of 21.76%.
The 3 year average ROIC (19.25%) for HAFN is well above the current ROIC(11.87%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.82% | ||
| ROE | 18.86% | ||
| ROIC | 11.87% |
ROA(3y)20.08%
ROA(5y)12.77%
ROE(3y)35.74%
ROE(5y)23.04%
ROIC(3y)19.25%
ROIC(5y)12.98%
1.3 Margins
The Profit Margin of HAFN (18.42%) is better than 71.43% of its industry peers.
HAFN's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 18.71%, HAFN perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
In the last couple of years the Operating Margin of HAFN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.71% | ||
| PM (TTM) | 18.42% | ||
| GM | N/A |
OM growth 3Y1312.43%
OM growth 5Y8.92%
PM growth 3YN/A
PM growth 5Y25.51%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), HAFN is creating value.
Compared to 1 year ago, HAFN has about the same amount of shares outstanding.
Compared to 5 years ago, HAFN has more shares outstanding
HAFN has a better debt/assets ratio than last year.
2.2 Solvency
HAFN has an Altman-Z score of 2.99. This indicates that HAFN is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of HAFN (2.99) is better than 80.48% of its industry peers.
HAFN has a debt to FCF ratio of 1.43. This is a very positive value and a sign of high solvency as it would only need 1.43 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 1.43, HAFN belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
A Debt/Equity ratio of 0.27 indicates that HAFN is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.27, HAFN is doing good in the industry, outperforming 65.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 1.43 | ||
| Altman-Z | 2.99 |
ROIC/WACC1.52
WACC7.82%
2.3 Liquidity
A Current Ratio of 1.21 indicates that HAFN should not have too much problems paying its short term obligations.
With a Current ratio value of 1.21, HAFN perfoms like the industry average, outperforming 54.29% of the companies in the same industry.
HAFN has a Quick Ratio of 1.09. This is a normal value and indicates that HAFN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.09, HAFN is in line with its industry, outperforming 58.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
The earnings per share for HAFN have decreased strongly by -45.86% in the last year.
Measured over the past years, HAFN shows a very strong growth in Earnings Per Share. The EPS has been growing by 49.51% on average per year.
Looking at the last year, HAFN shows a very negative growth in Revenue. The Revenue has decreased by -26.61% in the last year.
HAFN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.22% yearly.
EPS 1Y (TTM)-45.86%
EPS 3YN/A
EPS 5Y49.51%
EPS Q2Q%-70.59%
Revenue 1Y (TTM)-26.61%
Revenue growth 3Y52.35%
Revenue growth 5Y28.22%
Sales Q2Q%-44.61%
3.2 Future
Based on estimates for the next years, HAFN will show a very negative growth in Earnings Per Share. The EPS will decrease by -15.33% on average per year.
The Revenue is expected to decrease by -11.35% on average over the next years. This is quite bad
EPS Next Y-54.9%
EPS Next 2Y-26.59%
EPS Next 3Y-15.33%
EPS Next 5YN/A
Revenue Next Year-28.1%
Revenue Next 2Y-16.29%
Revenue Next 3Y-11.35%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 7.47, the valuation of HAFN can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of HAFN indicates a rather cheap valuation: HAFN is cheaper than 87.14% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.20. HAFN is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 7.80 indicates a rather cheap valuation of HAFN.
HAFN's Price/Forward Earnings ratio is rather cheap when compared to the industry. HAFN is cheaper than 82.38% of the companies in the same industry.
HAFN is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.47 | ||
| Fwd PE | 7.8 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HAFN indicates a somewhat cheap valuation: HAFN is cheaper than 66.67% of the companies listed in the same industry.
HAFN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. HAFN is cheaper than 93.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.54 | ||
| EV/EBITDA | 6.13 |
4.3 Compensation for Growth
HAFN has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as HAFN's earnings are expected to decrease with -15.33% in the coming years.
PEG (NY)N/A
PEG (5Y)0.15
EPS Next 2Y-26.59%
EPS Next 3Y-15.33%
5. Dividend
5.1 Amount
HAFN has a Yearly Dividend Yield of 10.43%, which is a nice return.
Compared to an average industry Dividend Yield of 6.18, HAFN pays a better dividend. On top of this HAFN pays more dividend than 91.43% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, HAFN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.43% |
5.2 History
On average, the dividend of HAFN grows each year by 141.09%, which is quite nice.
HAFN has been paying a dividend for over 5 years, so it has already some track record.
HAFN has decreased its dividend in the last 3 years.
Dividend Growth(5Y)141.09%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
107.40% of the earnings are spent on dividend by HAFN. This is not a sustainable payout ratio.
The Dividend Rate of HAFN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP107.4%
EPS Next 2Y-26.59%
EPS Next 3Y-15.33%
6.35
+0.02 (+0.32%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners22.22%
Inst Owner Change-3.59%
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap3.25B
Analysts86.67
Price Target7.48 (17.8%)
Short Float %1.34%
Short Ratio2.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.43% |
Yearly Dividend1.39
Dividend Growth(5Y)141.09%
DP107.4%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.3%
Min EPS beat(2)-8.54%
Max EPS beat(2)-0.05%
EPS beat(4)1
Avg EPS beat(4)-2.41%
Min EPS beat(4)-12.27%
Max EPS beat(4)11.21%
EPS beat(8)3
Avg EPS beat(8)-0.73%
EPS beat(12)6
Avg EPS beat(12)1.97%
EPS beat(16)8
Avg EPS beat(16)18.18%
Revenue beat(2)0
Avg Revenue beat(2)-9.03%
Min Revenue beat(2)-11.32%
Max Revenue beat(2)-6.73%
Revenue beat(4)0
Avg Revenue beat(4)-7.52%
Min Revenue beat(4)-11.32%
Max Revenue beat(4)-2%
Revenue beat(8)1
Avg Revenue beat(8)-5.29%
Revenue beat(12)4
Avg Revenue beat(12)-0.26%
Revenue beat(16)8
Avg Revenue beat(16)17.69%
PT rev (1m)5.96%
PT rev (3m)4.75%
EPS NQ rev (1m)18.87%
EPS NQ rev (3m)-11.11%
EPS NY rev (1m)-1.95%
EPS NY rev (3m)-1.95%
Revenue NQ rev (1m)8.57%
Revenue NQ rev (3m)-11.79%
Revenue NY rev (1m)2.52%
Revenue NY rev (3m)4.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.47 | ||
| Fwd PE | 7.8 | ||
| P/S | 1.38 | ||
| P/FCF | 4.54 | ||
| P/OCF | 4.04 | ||
| P/B | 1.41 | ||
| P/tB | 1.42 | ||
| EV/EBITDA | 6.13 |
EPS(TTM)0.85
EY13.39%
EPS(NY)0.81
Fwd EY12.81%
FCF(TTM)1.4
FCFY22.03%
OCF(TTM)1.57
OCFY24.77%
SpS4.59
BVpS4.49
TBVpS4.49
PEG (NY)N/A
PEG (5Y)0.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.82% | ||
| ROE | 18.86% | ||
| ROCE | 15.03% | ||
| ROIC | 11.87% | ||
| ROICexc | 13.29% | ||
| ROICexgc | 13.3% | ||
| OM | 18.71% | ||
| PM (TTM) | 18.42% | ||
| GM | N/A | ||
| FCFM | 30.45% |
ROA(3y)20.08%
ROA(5y)12.77%
ROE(3y)35.74%
ROE(5y)23.04%
ROIC(3y)19.25%
ROIC(5y)12.98%
ROICexc(3y)20.74%
ROICexc(5y)13.93%
ROICexgc(3y)20.75%
ROICexgc(5y)13.94%
ROCE(3y)24.37%
ROCE(5y)16.42%
ROICexcg growth 3Y1860.8%
ROICexcg growth 5Y34.21%
ROICexc growth 3Y1861.8%
ROICexc growth 5Y34.24%
OM growth 3Y1312.43%
OM growth 5Y8.92%
PM growth 3YN/A
PM growth 5Y25.51%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 1.43 | ||
| Debt/EBITDA | 0.97 | ||
| Cap/Depr | 43.11% | ||
| Cap/Sales | 3.79% | ||
| Interest Coverage | 9.68 | ||
| Cash Conversion | 124.52% | ||
| Profit Quality | 165.3% | ||
| Current Ratio | 1.21 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 2.99 |
F-Score5
WACC7.82%
ROIC/WACC1.52
Cap/Depr(3y)108.09%
Cap/Depr(5y)74.63%
Cap/Sales(3y)10.62%
Cap/Sales(5y)8.15%
Profit Quality(3y)93.41%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-45.86%
EPS 3YN/A
EPS 5Y49.51%
EPS Q2Q%-70.59%
EPS Next Y-54.9%
EPS Next 2Y-26.59%
EPS Next 3Y-15.33%
EPS Next 5YN/A
Revenue 1Y (TTM)-26.61%
Revenue growth 3Y52.35%
Revenue growth 5Y28.22%
Sales Q2Q%-44.61%
Revenue Next Year-28.1%
Revenue Next 2Y-16.29%
Revenue Next 3Y-11.35%
Revenue Next 5YN/A
EBIT growth 1Y-47.75%
EBIT growth 3Y2051.86%
EBIT growth 5Y39.65%
EBIT Next Year-29.35%
EBIT Next 3Y-6.67%
EBIT Next 5YN/A
FCF growth 1Y-27.78%
FCF growth 3Y131.15%
FCF growth 5YN/A
OCF growth 1Y-26.9%
OCF growth 3Y113.12%
OCF growth 5Y30.15%