HAFNIA LTD (HAFNI.OL) Stock Fundamental Analysis
OSL:HAFNI - Oslo Bors ASA - SGXZ53070850 - Common Stock - Currency: NOK
HAFNI gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 62 industry peers in the Oil, Gas & Consumable Fuels industry. HAFNI scores excellent points on both the profitability and health parts. This is a solid base for a good stock. HAFNI scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally HAFNI also has an excellent dividend rating. With these ratings, HAFNI could be worth investigating further for value and dividend investing!.
1. Profitability
1.1 Basic Checks
HAFNI had positive earnings in the past year.
HAFNI had a positive operating cash flow in the past year.
HAFNI had positive earnings in 4 of the past 5 years.
In the past 5 years HAFNI always reported a positive cash flow from operatings.
1.2 Ratios
HAFNI has a better Return On Assets (22.74%) than 90.00% of its industry peers.
Looking at the Return On Equity, with a value of 35.98%, HAFNI belongs to the top of the industry, outperforming 88.33% of the companies in the same industry.
With an excellent Return On Invested Capital value of 20.87%, HAFNI belongs to the best of the industry, outperforming 88.33% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for HAFNI is in line with the industry average of 12.33%.
The last Return On Invested Capital (20.87%) for HAFNI is above the 3 year average (12.22%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.74% | ||
| ROE | 35.98% | ||
| ROIC | 20.87% |
ROA(3y)12.37%
ROA(5y)9.13%
ROE(3y)22.68%
ROE(5y)17.48%
ROIC(3y)12.22%
ROIC(5y)9.68%
1.3 Margins
With a decent Profit Margin value of 24.88%, HAFNI is doing good in the industry, outperforming 73.33% of the companies in the same industry.
In the last couple of years the Profit Margin of HAFNI has grown nicely.
HAFNI has a Operating Margin (25.12%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of HAFNI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.12% | ||
| PM (TTM) | 24.88% | ||
| GM | N/A |
OM growth 3Y8.32%
OM growth 5Y41.35%
PM growth 3Y20.38%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so HAFNI is creating value.
Compared to 1 year ago, HAFNI has more shares outstanding
HAFNI has more shares outstanding than it did 5 years ago.
HAFNI has a better debt/assets ratio than last year.
2.2 Solvency
HAFNI has an Altman-Z score of 3.47. This indicates that HAFNI is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of HAFNI (3.47) is better than 76.67% of its industry peers.
HAFNI has a debt to FCF ratio of 1.14. This is a very positive value and a sign of high solvency as it would only need 1.14 years to pay back of all of its debts.
HAFNI has a Debt to FCF ratio of 1.14. This is amongst the best in the industry. HAFNI outperforms 86.67% of its industry peers.
HAFNI has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of HAFNI (0.34) is better than 65.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 1.14 | ||
| Altman-Z | 3.47 |
ROIC/WACC2.63
WACC7.94%
2.3 Liquidity
HAFNI has a Current Ratio of 1.70. This is a normal value and indicates that HAFNI is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.70, HAFNI is doing good in the industry, outperforming 61.67% of the companies in the same industry.
A Quick Ratio of 1.52 indicates that HAFNI should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.52, HAFNI is doing good in the industry, outperforming 65.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.52 |
3. Growth
3.1 Past
HAFNI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.86%.
Measured over the past years, HAFNI shows a very strong growth in Earnings Per Share. The EPS has been growing by 55.78% on average per year.
Looking at the last year, HAFNI shows a very strong growth in Revenue. The Revenue has grown by 68.14%.
Measured over the past years, HAFNI shows a very strong growth in Revenue. The Revenue has been growing by 48.63% on average per year.
EPS 1Y (TTM)-2.86%
EPS 3Y55.78%
EPS 5YN/A
EPS Q2Q%44.83%
Revenue 1Y (TTM)68.14%
Revenue growth 3Y45.13%
Revenue growth 5Y48.63%
Sales Q2Q%16.53%
3.2 Future
The Earnings Per Share is expected to decrease by -14.94% on average over the next years. This is quite bad
Based on estimates for the next years, HAFNI will show a decrease in Revenue. The Revenue will decrease by -8.86% on average per year.
EPS Next Y2.73%
EPS Next 2Y-19.99%
EPS Next 3Y-14.94%
EPS Next 5YN/A
Revenue Next Year-3.32%
Revenue Next 2Y-11.62%
Revenue Next 3Y-8.86%
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
With a Price/Earnings ratio of 3.14, the valuation of HAFNI can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of HAFNI indicates a rather cheap valuation: HAFNI is cheaper than 86.67% of the companies listed in the same industry.
HAFNI is valuated cheaply when we compare the Price/Earnings ratio to 28.47, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 5.38, which indicates a rather cheap valuation of HAFNI.
Based on the Price/Forward Earnings ratio, HAFNI is valued cheaply inside the industry as 86.67% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of HAFNI to the average of the S&P500 Index (92.74), we can say HAFNI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.14 | ||
| Fwd PE | 5.38 |
4.2 Price Multiples
HAFNI's Enterprise Value to EBITDA is on the same level as the industry average.
90.00% of the companies in the same industry are more expensive than HAFNI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.88 | ||
| EV/EBITDA | 3.29 |
4.3 Compensation for Growth
HAFNI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
HAFNI has a very decent profitability rating, which may justify a higher PE ratio.
HAFNI's earnings are expected to decrease with -14.94% in the coming years. This may justify a cheaper valuation.
PEG (NY)1.15
PEG (5Y)N/A
EPS Next 2Y-19.99%
EPS Next 3Y-14.94%
5. Dividend
5.1 Amount
HAFNI has a Yearly Dividend Yield of 26.27%, which is a nice return.
Compared to an average industry Dividend Yield of 60.90, HAFNI pays a better dividend. On top of this HAFNI pays more dividend than 91.67% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.28, HAFNI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 26.27% |
5.2 History
The dividend of HAFNI is nicely growing with an annual growth rate of 141.09%!
Dividend Growth(5Y)141.09%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
HAFNI pays out 69.98% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of HAFNI has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP69.98%
EPS Next 2Y-19.99%
EPS Next 3Y-14.94%
HAFNIA LTD
OSL:HAFNI (2/5/2025, 2:34:10 PM)
60.55
-1.7 (-2.73%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners31.26%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap31.04B
Analysts85
Price Target94.82 (56.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 26.27% |
Yearly Dividend1.08
Dividend Growth(5Y)141.09%
DP69.98%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.09%
Min EPS beat(2)4.98%
Max EPS beat(2)11.21%
EPS beat(4)2
Avg EPS beat(4)2.69%
Min EPS beat(4)-4.69%
Max EPS beat(4)11.21%
EPS beat(8)5
Avg EPS beat(8)4.61%
EPS beat(12)8
Avg EPS beat(12)26.48%
EPS beat(16)10
Avg EPS beat(16)23.01%
Revenue beat(2)1
Avg Revenue beat(2)-0.47%
Min Revenue beat(2)-2%
Max Revenue beat(2)1.07%
Revenue beat(4)1
Avg Revenue beat(4)-3.25%
Min Revenue beat(4)-6.54%
Max Revenue beat(4)1.07%
Revenue beat(8)3
Avg Revenue beat(8)0.82%
Revenue beat(12)7
Avg Revenue beat(12)18.45%
Revenue beat(16)11
Avg Revenue beat(16)35%
PT rev (1m)-0.31%
PT rev (3m)-8.16%
EPS NQ rev (1m)-21.18%
EPS NQ rev (3m)-44.5%
EPS NY rev (1m)-4.71%
EPS NY rev (3m)-4.71%
Revenue NQ rev (1m)-12.85%
Revenue NQ rev (3m)-23.99%
Revenue NY rev (1m)-8.05%
Revenue NY rev (3m)-8.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.14 | ||
| Fwd PE | 5.38 | ||
| P/S | 0.78 | ||
| P/FCF | 2.88 | ||
| P/OCF | 2.65 | ||
| P/B | 1.13 | ||
| P/tB | 1.13 | ||
| EV/EBITDA | 3.29 |
EPS(TTM)19.28
EY31.84%
EPS(NY)11.25
Fwd EY18.58%
FCF(TTM)21.01
FCFY34.7%
OCF(TTM)22.84
OCFY37.72%
SpS77.46
BVpS53.55
TBVpS53.54
PEG (NY)1.15
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.74% | ||
| ROE | 35.98% | ||
| ROCE | 27.1% | ||
| ROIC | 20.87% | ||
| ROICexc | 22.9% | ||
| ROICexgc | 22.9% | ||
| OM | 25.12% | ||
| PM (TTM) | 24.88% | ||
| GM | N/A | ||
| FCFM | 27.13% |
ROA(3y)12.37%
ROA(5y)9.13%
ROE(3y)22.68%
ROE(5y)17.48%
ROIC(3y)12.22%
ROIC(5y)9.68%
ROICexc(3y)13%
ROICexc(5y)10.24%
ROICexgc(3y)13.01%
ROICexgc(5y)10.25%
ROCE(3y)15.87%
ROCE(5y)12.57%
ROICexcg growth 3Y41.03%
ROICexcg growth 5Y72.67%
ROICexc growth 3Y41.11%
ROICexc growth 5Y72.66%
OM growth 3Y8.32%
OM growth 5Y41.35%
PM growth 3Y20.38%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.91
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 1.14 | ||
| Debt/EBITDA | 0.75 | ||
| Cap/Depr | 38.12% | ||
| Cap/Sales | 2.36% | ||
| Interest Coverage | 16.27 | ||
| Cash Conversion | 94.2% | ||
| Profit Quality | 109.06% | ||
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.52 | ||
| Altman-Z | 3.47 |
F-Score6
WACC7.94%
ROIC/WACC2.63
Cap/Depr(3y)106.34%
Cap/Depr(5y)112.39%
Cap/Sales(3y)11.15%
Cap/Sales(5y)14.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.86%
EPS 3Y55.78%
EPS 5YN/A
EPS Q2Q%44.83%
EPS Next Y2.73%
EPS Next 2Y-19.99%
EPS Next 3Y-14.94%
EPS Next 5YN/A
Revenue 1Y (TTM)68.14%
Revenue growth 3Y45.13%
Revenue growth 5Y48.63%
Sales Q2Q%16.53%
Revenue Next Year-3.32%
Revenue Next 2Y-11.62%
Revenue Next 3Y-8.86%
Revenue Next 5YN/A
EBIT growth 1Y-2.66%
EBIT growth 3Y57.2%
EBIT growth 5Y110.09%
EBIT Next Year27.58%
EBIT Next 3Y-3.64%
EBIT Next 5YN/A
FCF growth 1Y3987.28%
FCF growth 3Y35.81%
FCF growth 5Y83.24%
OCF growth 1Y143.74%
OCF growth 3Y38.59%
OCF growth 5Y77.82%