HAFNIA LTD (HAFNI.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:HAFNI - SGXZ53070850 - Common Stock
58.02 NOK
+0.56 (+0.97%)
HAFNI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 71 industry peers in the Oil, Gas & Consumable Fuels industry. HAFNI gets an excellent profitability rating and is at the same time showing great financial health properties. HAFNI has a bad growth rate and is valued cheaply. These ratings would make HAFNI suitable for value investing!
1. Profitability
1.1 Basic Checks
- In the past year HAFNI was profitable.
- HAFNI had a positive operating cash flow in the past year.
- HAFNI had positive earnings in 4 of the past 5 years.
- HAFNI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 8.68%, HAFNI belongs to the top of the industry, outperforming 90.14% of the companies in the same industry.
- HAFNI's Return On Equity of 13.30% is fine compared to the rest of the industry. HAFNI outperforms 76.06% of its industry peers.
- HAFNI has a better Return On Invested Capital (8.62%) than 80.28% of its industry peers.
- HAFNI had an Average Return On Invested Capital over the past 3 years of 18.77%. This is significantly above the industry average of 8.91%.
- 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 has a Profit Margin of 13.95%. This is in the better half of the industry: HAFNI outperforms 71.83% of its industry peers.
- In the last couple of years the Profit Margin of HAFNI has grown nicely.
- Looking at the Operating Margin, with a value of 15.12%, HAFNI is in line with its industry, outperforming 47.89% of the companies in the same industry.
- In the last couple of years the Operating Margin of HAFNI has grown nicely.
| 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. Health
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.
- The number of shares outstanding for HAFNI remains at a similar level compared to 1 year ago.
- The number of shares outstanding for HAFNI has been increased compared to 5 years ago.
- HAFNI has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 3.02 indicates that HAFNI is not in any danger for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 3.02, HAFNI is in the better half of the industry, outperforming 70.42% of the companies in the same industry.
- HAFNI has a debt to FCF ratio of 1.74. This is a very positive value and a sign of high solvency as it would only need 1.74 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 1.74, HAFNI belongs to the top of the industry, outperforming 88.73% of the companies in the same industry.
- A Debt/Equity ratio of 0.29 indicates that HAFNI is not too dependend on debt financing.
- With a decent Debt to Equity ratio value of 0.29, HAFNI is doing good in the industry, outperforming 70.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 1.74 | ||
| Altman-Z | 3.02 |
ROIC/WACC1
WACC8.63%
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 Current ratio of 1.52. This is in the better half of the industry: HAFNI outperforms 63.38% 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 73.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.52 | ||
| Quick Ratio | 1.38 |
3. Growth
3.1 Past
- The earnings per share for HAFNI have decreased strongly by -64.12% in the last year.
- The Earnings Per Share has been growing by 49.51% on average over the past years. This is a very strong growth
- The Revenue for HAFNI has decreased by -36.53% in the past year. This is quite bad
- Measured over the past years, HAFNI shows a very strong growth in Revenue. The Revenue has been growing by 28.22% on average per year.
EPS 1Y (TTM)-64.12%
EPS 3YN/A
EPS 5Y49.51%
EPS Q2Q%-57.14%
Revenue 1Y (TTM)-36.53%
Revenue growth 3Y52.35%
Revenue growth 5Y28.22%
Sales Q2Q%-31.68%
3.2 Future
- HAFNI is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -23.67% yearly.
- Based on estimates for the next years, HAFNI will show a very negative growth in Revenue. The Revenue will decrease by -13.08% on average per year.
EPS Next Y-53.21%
EPS Next 2Y-30.21%
EPS Next 3Y-23.67%
EPS Next 5YN/A
Revenue Next Year-31.22%
Revenue Next 2Y-16.95%
Revenue Next 3Y-13.08%
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.
- 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 9.88, the valuation of HAFNI can be described as very reasonable.
- Based on the Price/Earnings ratio, HAFNI is valued cheaply inside the industry as 83.10% of the companies are valued more expensively.
- HAFNI is valuated cheaply when we compare the Price/Earnings ratio to 28.60, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 8.20, which indicates a very decent valuation of HAFNI.
- 90.14% of the companies in the same industry are more expensive than HAFNI, based on the Price/Forward Earnings ratio.
- HAFNI is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.88 | ||
| Fwd PE | 8.2 |
4.2 Price Multiples
- HAFNI's Enterprise Value to EBITDA is on the same level as the industry average.
- HAFNI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. HAFNI is cheaper than 88.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.01 | ||
| EV/EBITDA | 7.07 |
4.3 Compensation for Growth
- The decent profitability rating of HAFNI may justify a higher PE ratio.
- HAFNI's earnings are expected to decrease with -23.67% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.2
EPS Next 2Y-30.21%
EPS Next 3Y-23.67%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 7.02%, HAFNI is a good candidate for dividend investing.
- HAFNI's Dividend Yield is rather good when compared to the industry average which is at 5.24. HAFNI pays more dividend than 87.32% of the companies in the same industry.
- HAFNI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.02% |
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
- 102.71% of the earnings are spent on dividend by HAFNI. 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.
DP102.71%
EPS Next 2Y-30.21%
EPS Next 3Y-23.67%
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 7 / 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 7 / 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 9.88 and the Price/Book (PB) ratio is 1.33.
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%.