HAFNIA LTD (HAFNI.OL) Fundamental Analysis & Valuation
OSL:HAFNI • SGXZ53070850
70.14 NOK
-1.24 (-1.74%)
Last: Mar 11, 2026, 04:19 PM
This HAFNI.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
HAFNI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 83 industry peers in the Oil, Gas & Consumable Fuels industry. HAFNI is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. HAFNI has a bad growth rate and is valued cheaply. These ratings would make HAFNI suitable for value investing!
1. HAFNI.OL Profitability Analysis
1.1 Basic Checks
- HAFNI had positive earnings in the past year.
- HAFNI had a positive operating cash flow in the past year.
- In multiple years HAFNI reported negative net income over the last 5 years.
- HAFNI had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- HAFNI has a Return On Assets of 8.68%. This is amongst the best in the industry. HAFNI outperforms 89.16% of its industry peers.
- HAFNI has a better Return On Equity (13.30%) than 69.88% of its industry peers.
- HAFNI has a Return On Invested Capital of 8.62%. This is in the better half of the industry: HAFNI outperforms 77.11% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for HAFNI is significantly above the industry average of 8.83%.
- The 3 year average ROIC (18.77%) for HAFNI is well above the current ROIC(8.62%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.68% | ||
| ROE | 13.3% | ||
| ROIC | 8.62% |
ROA(3y)20.08%
ROA(5y)12.77%
ROE(3y)35.74%
ROE(5y)23.04%
ROIC(3y)18.77%
ROIC(5y)12.65%
1.3 Margins
- HAFNI's Profit Margin of 13.95% is fine compared to the rest of the industry. HAFNI outperforms 71.08% of its industry peers.
- HAFNI's Profit Margin has improved in the last couple of years.
- HAFNI has a Operating Margin of 15.12%. This is comparable to the rest of the industry: HAFNI outperforms 45.78% of its industry peers.
- HAFNI's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector 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
2. HAFNI.OL Health Analysis
2.1 Basic Checks
- HAFNI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
- HAFNI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- An Altman-Z score of 3.39 indicates that HAFNI is not in any danger for bankruptcy at the moment.
- HAFNI has a Altman-Z score of 3.39. This is in the better half of the industry: HAFNI outperforms 77.11% of its industry peers.
- The Debt to FCF ratio of HAFNI is 1.74, which is an excellent value as it means it would take HAFNI, only 1.74 years of fcf income to pay off all of its debts.
- HAFNI has a Debt to FCF ratio of 1.74. This is amongst the best in the industry. HAFNI outperforms 89.16% of its industry peers.
- HAFNI has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
- HAFNI's Debt to Equity ratio of 0.29 is fine compared to the rest of the industry. HAFNI outperforms 71.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 1.74 | ||
| Altman-Z | 3.39 |
ROIC/WACC1
WACC8.59%
2.3 Liquidity
- A Current Ratio of 1.52 indicates that HAFNI should not have too much problems paying its short term obligations.
- HAFNI has a better Current ratio (1.52) than 65.06% of its industry peers.
- A Quick Ratio of 1.38 indicates that HAFNI should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.38, HAFNI is in the better half of the industry, outperforming 75.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.52 | ||
| Quick Ratio | 1.38 |
3. HAFNI.OL Growth Analysis
3.1 Past
- HAFNI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -54.97%.
- Measured over the past years, HAFNI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.65% on average per year.
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
- The Earnings Per Share is expected to grow by 6.17% on average over the next years.
- The Revenue is expected to decrease by -2.10% on average over the next years.
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
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
4. HAFNI.OL Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 10.77, the valuation of HAFNI can be described as reasonable.
- Based on the Price/Earnings ratio, HAFNI is valued cheaper than 81.93% of the companies in the same industry.
- HAFNI is valuated cheaply when we compare the Price/Earnings ratio to 26.15, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 9.63 indicates a reasonable valuation of HAFNI.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of HAFNI indicates a rather cheap valuation: HAFNI is cheaper than 89.16% of the companies listed in the same industry.
- When comparing the Price/Forward Earnings ratio of HAFNI to the average of the S&P500 Index (24.27), we can say HAFNI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.77 | ||
| Fwd PE | 9.63 |
4.2 Price Multiples
- HAFNI's Enterprise Value to EBITDA ratio is in line with the industry average.
- Based on the Price/Free Cash Flow ratio, HAFNI is valued cheaper than 89.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.31 | ||
| EV/EBITDA | 8.48 |
4.3 Compensation for Growth
- HAFNI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- HAFNI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.91
PEG (5Y)1.01
EPS Next 2Y-2.96%
EPS Next 3Y6.17%
5. HAFNI.OL Dividend Analysis
5.1 Amount
- HAFNI has a Yearly Dividend Yield of 7.41%, which is a nice return.
- Compared to an average industry Dividend Yield of 4.82, HAFNI pays a better dividend. On top of this HAFNI pays more dividend than 87.95% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, HAFNI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.41% |
5.2 History
- On average, the dividend of HAFNI grows each year by 141.09%, which is quite nice.
Dividend Growth(5Y)141.09%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- HAFNI pays out 102.71% of its income as dividend. This is not a sustainable payout ratio.
- HAFNI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP102.71%
EPS Next 2Y-2.96%
EPS Next 3Y6.17%
HAFNI.OL Fundamentals: All Metrics, Ratios and Statistics
OSL:HAFNI (3/11/2026, 4:19:53 PM)
70.14
-1.24 (-1.74%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-26 2026-02-26/bmo
Earnings (Next)05-27 2026-05-27/bmo
Inst Owners29.37%
Inst Owner ChangeN/A
Ins Owners0.4%
Ins Owner ChangeN/A
Market Cap35.95B
Revenue(TTM)N/A
Net Income(TTM)310.03M
Analysts85.71
Price Target78.84 (12.4%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.41% |
Yearly Dividend13.44
Dividend Growth(5Y)141.09%
DP102.71%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)1.05%
PT rev (3m)3.24%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.77 | ||
| Fwd PE | 9.63 | ||
| P/S | 1.69 | ||
| P/FCF | 7.31 | ||
| P/OCF | 5.86 | ||
| P/B | 1.61 | ||
| P/tB | 1.61 | ||
| EV/EBITDA | 8.48 |
EPS(TTM)6.51
EY9.28%
EPS(NY)7.28
Fwd EY10.38%
FCF(TTM)9.6
FCFY13.69%
OCF(TTM)11.96
OCFY17.05%
SpS41.51
BVpS43.54
TBVpS43.54
PEG (NY)0.91
PEG (5Y)1.01
Graham Number79.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.68% | ||
| ROE | 13.3% | ||
| ROCE | 11.2% | ||
| ROIC | 8.62% | ||
| ROICexc | 9.02% | ||
| ROICexgc | 9.02% | ||
| 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)18.77%
ROIC(5y)12.65%
ROICexc(3y)20.21%
ROICexc(5y)13.58%
ROICexgc(3y)20.22%
ROICexgc(5y)13.59%
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 Rank | Sector 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 | 3.39 |
F-Score5
WACC8.59%
ROIC/WACC1
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 / HAFNI.OL FAQ
What is the fundamental rating for HAFNI stock?
ChartMill assigns a fundamental rating of 6 / 10 to HAFNI.OL.
What is the valuation status of HAFNIA LTD (HAFNI.OL) stock?
ChartMill assigns a valuation rating of 8 / 10 to HAFNIA LTD (HAFNI.OL). This can be considered as Undervalued.
What is the profitability of HAFNI stock?
HAFNIA LTD (HAFNI.OL) has a profitability rating of 6 / 10.
What are the PE and PB ratios of HAFNIA LTD (HAFNI.OL) stock?
The Price/Earnings (PE) ratio for HAFNIA LTD (HAFNI.OL) is 10.77 and the Price/Book (PB) ratio is 1.61.
Is the dividend of HAFNIA LTD sustainable?
The dividend rating of HAFNIA LTD (HAFNI.OL) is 6 / 10 and the dividend payout ratio is 102.71%.