HAFNIA LTD (HAFN) Fundamental Analysis & Valuation

NYSE:HAFN • SGXZ53070850

6.65 USD
-0.54 (-7.51%)
At close: Mar 12, 2026
6.72 USD
+0.07 (+1.05%)
After Hours: 3/12/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This HAFN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall HAFN gets a fundamental rating of 5 out of 10. We evaluated HAFN against 207 industry peers in the Oil, Gas & Consumable Fuels industry. While HAFN has a great health rating, its profitability is only average at the moment. HAFN has a bad growth rate and is valued cheaply. These ratings could make HAFN a good candidate for value investing.


Dividend Valuation Growth Profitability Health

6

1. HAFN Profitability Analysis

1.1 Basic Checks

  • HAFN had positive earnings in the past year.
  • HAFN had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: HAFN reported negative net income in multiple years.
  • Of the past 5 years HAFN 4 years had a positive operating cash flow.
HAFN Yearly Net Income VS EBIT VS OCF VS FCFHAFN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

1.2 Ratios

  • The Return On Assets of HAFN (8.68%) is better than 85.99% of its industry peers.
  • With a decent Return On Equity value of 13.30%, HAFN is doing good in the industry, outperforming 71.50% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 8.84%, HAFN is in the better half of the industry, outperforming 78.74% of the companies in the same industry.
  • HAFN had an Average Return On Invested Capital over the past 3 years of 19.25%. This is below the industry average of 22.51%.
  • The 3 year average ROIC (19.25%) for HAFN is well above the current ROIC(8.84%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 8.68%
ROE 13.3%
ROIC 8.84%
ROA(3y)20.08%
ROA(5y)12.77%
ROE(3y)35.74%
ROE(5y)23.04%
ROIC(3y)19.25%
ROIC(5y)12.98%
HAFN Yearly ROA, ROE, ROICHAFN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

1.3 Margins

  • HAFN's Profit Margin of 13.95% is fine compared to the rest of the industry. HAFN outperforms 65.22% of its industry peers.
  • In the last couple of years the Profit Margin of HAFN has grown nicely.
  • With a Operating Margin value of 15.12%, HAFN perfoms like the industry average, outperforming 48.79% of the companies in the same industry.
  • In the last couple of years the Operating Margin of HAFN has grown nicely.
Industry RankSector Rank
OM 15.12%
PM (TTM) 13.95%
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
HAFN Yearly Profit, Operating, Gross MarginsHAFN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. HAFN Health Analysis

2.1 Basic Checks

  • HAFN has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • HAFN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
HAFN Yearly Shares OutstandingHAFN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
HAFN Yearly Total Debt VS Total AssetsHAFN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • An Altman-Z score of 3.32 indicates that HAFN is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of HAFN (3.32) is better than 82.61% of its industry peers.
  • The Debt to FCF ratio of HAFN is 1.74, which is an excellent value as it means it would take HAFN, only 1.74 years of fcf income to pay off all of its debts.
  • HAFN has a Debt to FCF ratio of 1.74. This is amongst the best in the industry. HAFN outperforms 85.99% of its industry peers.
  • HAFN has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
  • With a decent Debt to Equity ratio value of 0.29, HAFN is doing good in the industry, outperforming 64.73% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 1.74
Altman-Z 3.32
ROIC/WACC1.22
WACC7.25%
HAFN Yearly LT Debt VS Equity VS FCFHAFN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B 2B

2.3 Liquidity

  • HAFN has a Current Ratio of 1.52. This is a normal value and indicates that HAFN is financially healthy and should not expect problems in meeting its short term obligations.
  • HAFN has a better Current ratio (1.52) than 65.70% of its industry peers.
  • A Quick Ratio of 1.38 indicates that HAFN should not have too much problems paying its short term obligations.
  • The Quick ratio of HAFN (1.38) is better than 68.12% of its industry peers.
Industry RankSector Rank
Current Ratio 1.52
Quick Ratio 1.38
HAFN Yearly Current Assets VS Current LiabilitesHAFN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. HAFN Growth Analysis

3.1 Past

  • HAFN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -54.97%.
  • The Earnings Per Share has been growing by 10.65% on average over the past years. This is quite good.
EPS 1Y (TTM)-54.97%
EPS 3Y-24.34%
EPS 5Y10.65%
EPS Q2Q%46.67%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%10.88%

3.2 Future

  • Based on estimates for the next years, HAFN will show a small growth in Earnings Per Share. The EPS will grow by 6.17% on average per year.
  • Based on estimates for the next years, HAFN will show a decrease in Revenue. The Revenue will decrease by -2.10% on average per year.
EPS Next Y11.84%
EPS Next 2Y-2.96%
EPS Next 3Y6.17%
EPS Next 5YN/A
Revenue Next Year-1.78%
Revenue Next 2Y-4.37%
Revenue Next 3Y-2.1%
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.
HAFN Yearly Revenue VS EstimatesHAFN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B 2.5B
HAFN Yearly EPS VS EstimatesHAFN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 -0.5 1 1.5

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8

4. HAFN Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 9.78 indicates a reasonable valuation of HAFN.
  • HAFN's Price/Earnings ratio is rather cheap when compared to the industry. HAFN is cheaper than 84.54% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of HAFN to the average of the S&P500 Index (25.71), we can say HAFN is valued rather cheaply.
  • HAFN is valuated reasonably with a Price/Forward Earnings ratio of 8.74.
  • Based on the Price/Forward Earnings ratio, HAFN is valued cheaply inside the industry as 88.41% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.82, HAFN is valued rather cheaply.
Industry RankSector Rank
PE 9.78
Fwd PE 8.74
HAFN Price Earnings VS Forward Price EarningsHAFN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 60.39% of the companies in the same industry are more expensive than HAFN, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of HAFN indicates a rather cheap valuation: HAFN is cheaper than 91.79% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.63
EV/EBITDA 8.22
HAFN Per share dataHAFN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

  • HAFN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • HAFN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.83
PEG (5Y)0.92
EPS Next 2Y-2.96%
EPS Next 3Y6.17%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. HAFN Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 7.41%, HAFN is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.41, HAFN pays a better dividend. On top of this HAFN pays more dividend than 85.02% of the companies listed in the same industry.
  • HAFN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 7.41%

5.2 History

  • The dividend of HAFN is nicely growing with an annual growth rate of 141.09%!
  • 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
HAFN Yearly Dividends per shareHAFN Yearly Dividends per shareYearly Dividends per share 2020 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 102.71% of the earnings are spent on dividend by HAFN. This is not a sustainable payout ratio.
  • The dividend of HAFN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP102.71%
EPS Next 2Y-2.96%
EPS Next 3Y6.17%
HAFN Yearly Income VS Free CF VS DividendHAFN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M
HAFN Dividend Payout.HAFN Dividend Payout, showing the Payout Ratio.HAFN Dividend Payout.PayoutRetained Earnings

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HAFN Fundamentals: All Metrics, Ratios and Statistics

HAFNIA LTD

NYSE:HAFN (3/12/2026, 8:04:00 PM)

After market: 6.72 +0.07 (+1.05%)

6.65

-0.54 (-7.51%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-26
Earnings (Next)05-27
Inst Owners29.37%
Inst Owner Change3.73%
Ins Owners0.4%
Ins Owner ChangeN/A
Market Cap3.41B
Revenue(TTM)N/A
Net Income(TTM)310.03M
Analysts85.71
Price Target8.32 (25.11%)
Short Float %0.69%
Short Ratio1.4
Dividend
Industry RankSector Rank
Dividend Yield 7.41%
Yearly Dividend1.39
Dividend Growth(5Y)141.09%
DP102.71%
Div Incr Years2
Div Non Decr Years2
Ex-Date03-05
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.93%
Min EPS beat(2)-3.81%
Max EPS beat(2)-0.05%
EPS beat(4)0
Avg EPS beat(4)-6.17%
Min EPS beat(4)-12.27%
Max EPS beat(4)-0.05%
EPS beat(8)2
Avg EPS beat(8)-1.74%
EPS beat(12)5
Avg EPS beat(12)1.02%
EPS beat(16)8
Avg EPS beat(16)18.32%
Revenue beat(2)0
Avg Revenue beat(2)-5.9%
Min Revenue beat(2)-6.73%
Max Revenue beat(2)-5.07%
Revenue beat(4)0
Avg Revenue beat(4)-8.28%
Min Revenue beat(4)-11.32%
Max Revenue beat(4)-5.07%
Revenue beat(8)1
Avg Revenue beat(8)-5.77%
Revenue beat(12)3
Avg Revenue beat(12)-2.22%
Revenue beat(16)7
Avg Revenue beat(16)11.77%
PT rev (1m)3.13%
PT rev (3m)9.67%
EPS NQ rev (1m)-9.72%
EPS NQ rev (3m)-1.51%
EPS NY rev (1m)0.34%
EPS NY rev (3m)0.17%
Revenue NQ rev (1m)-4.07%
Revenue NQ rev (3m)-4.12%
Revenue NY rev (1m)-0.69%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 9.78
Fwd PE 8.74
P/S 1.53
P/FCF 6.63
P/OCF 5.32
P/B 1.46
P/tB 1.46
EV/EBITDA 8.22
EPS(TTM)0.68
EY10.23%
EPS(NY)0.76
Fwd EY11.44%
FCF(TTM)1
FCFY15.08%
OCF(TTM)1.25
OCFY18.78%
SpS4.33
BVpS4.55
TBVpS4.55
PEG (NY)0.83
PEG (5Y)0.92
Graham Number8.34
Profitability
Industry RankSector Rank
ROA 8.68%
ROE 13.3%
ROCE 11.2%
ROIC 8.84%
ROICexc 9.25%
ROICexgc 9.25%
OM 15.12%
PM (TTM) 13.95%
GM N/A
FCFM 23.13%
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%
ROICexgc growth 3Y1860.8%
ROICexgc 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 Turnover0.62
Health
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 1.74
Debt/EBITDA 1.24
Cap/Depr 61.69%
Cap/Sales 5.69%
Interest Coverage 7.02
Cash Conversion 118.39%
Profit Quality 165.74%
Current Ratio 1.52
Quick Ratio 1.38
Altman-Z 3.32
F-Score5
WACC7.25%
ROIC/WACC1.22
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)-54.97%
EPS 3Y-24.34%
EPS 5Y10.65%
EPS Q2Q%46.67%
EPS Next Y11.84%
EPS Next 2Y-2.96%
EPS Next 3Y6.17%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%10.88%
Revenue Next Year-1.78%
Revenue Next 2Y-4.37%
Revenue Next 3Y-2.1%
Revenue Next 5YN/A
EBIT growth 1Y-61.78%
EBIT growth 3Y2051.86%
EBIT growth 5Y39.65%
EBIT Next Year-28.08%
EBIT Next 3Y-13.6%
EBIT Next 5Y-6.94%
FCF growth 1Y-50.9%
FCF growth 3Y131.15%
FCF growth 5YN/A
OCF growth 1Y-46.12%
OCF growth 3Y113.12%
OCF growth 5Y30.15%

HAFNIA LTD / HAFN FAQ

What is the ChartMill fundamental rating of HAFNIA LTD (HAFN) stock?

ChartMill assigns a fundamental rating of 5 / 10 to HAFN.


What is the valuation status of HAFNIA LTD (HAFN) stock?

ChartMill assigns a valuation rating of 8 / 10 to HAFNIA LTD (HAFN). This can be considered as Undervalued.


How profitable is HAFNIA LTD (HAFN) stock?

HAFNIA LTD (HAFN) has a profitability rating of 6 / 10.


What is the financial health of HAFNIA LTD (HAFN) stock?

The financial health rating of HAFNIA LTD (HAFN) is 7 / 10.


Can you provide the expected EPS growth for HAFN stock?

The Earnings per Share (EPS) of HAFNIA LTD (HAFN) is expected to grow by 11.84% in the next year.