HAFNIA LTD (HAFNI.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:HAFNI - SGXZ53070850 - Common Stock
56.88 NOK
+0.74 (+1.32%)
Taking everything into account, HAFNI scores 6 out of 10 in our fundamental rating. HAFNI was compared to 75 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
- HAFNI had positive earnings in the past year.
- In the past year HAFNI had a positive cash flow from operations.
- HAFNI had positive earnings in 4 of the past 5 years.
- Each year in the past 5 years HAFNI had a positive operating cash flow.
1.2 Ratios
- HAFNI's Return On Assets of 8.68% is amongst the best of the industry. HAFNI outperforms 89.33% of its industry peers.
- HAFNI has a better Return On Equity (13.30%) than 74.67% of its industry peers.
- With a decent Return On Invested Capital value of 8.62%, HAFNI is doing good in the industry, outperforming 80.00% of the companies in the same industry.
- HAFNI had an Average Return On Invested Capital over the past 3 years of 18.77%. This is significantly above the industry average of 8.82%.
- The last Return On Invested Capital (8.62%) for HAFNI is well below the 3 year average (18.77%), which needs to be investigated, but indicates that HAFNI had better years and this may not be a problem.
| 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 72.00% of its industry peers.
- In the last couple of years the Profit Margin of HAFNI has grown nicely.
- HAFNI has a Operating Margin (15.12%) which is in line with its industry peers.
- 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.
- Compared to 1 year ago, HAFNI has about the same amount of shares outstanding.
- 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
- HAFNI has an Altman-Z score of 2.95. This is not the best score and indicates that HAFNI is in the grey zone with still only limited risk for bankruptcy at the moment.
- HAFNI has a better Altman-Z score (2.95) than 69.33% 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 89.33% of its industry peers.
- A Debt/Equity ratio of 0.29 indicates that HAFNI is not too dependend on debt financing.
- HAFNI's Debt to Equity ratio of 0.29 is fine compared to the rest of the industry. HAFNI outperforms 70.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 1.74 | ||
| Altman-Z | 2.95 |
ROIC/WACC1
WACC8.65%
2.3 Liquidity
- A Current Ratio of 1.52 indicates that HAFNI should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.52, HAFNI is in the better half of the industry, outperforming 62.67% of the companies in the same industry.
- A Quick Ratio of 1.38 indicates that HAFNI should not have too much problems paying its short term obligations.
- With a decent Quick ratio value of 1.38, HAFNI is doing good in the industry, outperforming 74.67% 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.
- HAFNI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 49.51% yearly.
- Looking at the last year, HAFNI shows a very negative growth in Revenue. The Revenue has decreased by -36.53% in the last year.
- HAFNI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.22% yearly.
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
- Based on estimates for the next years, HAFNI will show a very negative growth in Earnings Per Share. The EPS will decrease by -21.65% on average per year.
- 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-52.84%
EPS Next 2Y-28.34%
EPS Next 3Y-21.65%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 9.43, which indicates a very decent valuation of HAFNI.
- 84.00% of the companies in the same industry are more expensive than HAFNI, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of HAFNI to the average of the S&P500 Index (27.21), we can say HAFNI is valued rather cheaply.
- The Price/Forward Earnings ratio is 7.42, which indicates a rather cheap valuation of HAFNI.
- 92.00% of the companies in the same industry are more expensive than HAFNI, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of HAFNI to the average of the S&P500 Index (24.26), we can say HAFNI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.43 | ||
| Fwd PE | 7.42 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as HAFNI.
- Based on the Price/Free Cash Flow ratio, HAFNI is valued cheaper than 89.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.74 | ||
| EV/EBITDA | 6.79 |
4.3 Compensation for Growth
- HAFNI has a very decent profitability rating, which may justify a higher PE ratio.
- HAFNI's earnings are expected to decrease with -21.65% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.19
EPS Next 2Y-28.34%
EPS Next 3Y-21.65%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 6.89%, HAFNI is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.11, HAFNI pays a better dividend. On top of this HAFNI pays more dividend than 88.00% 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 | 6.89% |
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.
- 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-28.34%
EPS Next 3Y-21.65%
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 9.43 and the Price/Book (PB) ratio is 1.26.
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%.