HAFNIA LTD (HAFNI.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:HAFNI • SGXZ53070850

62.08 NOK
-0.14 (-0.23%)
Last: Feb 10, 2026, 04:19 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

Overall HAFNI gets a fundamental rating of 6 out of 10. We evaluated HAFNI against 74 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 valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

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.
HAFNI.OL Yearly Net Income VS EBIT VS OCF VS FCFHAFNI.OL 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

  • With an excellent Return On Assets value of 8.68%, HAFNI belongs to the best of the industry, outperforming 89.19% of the companies in the same industry.
  • HAFNI has a better Return On Equity (13.30%) than 74.32% of its industry peers.
  • HAFNI has a better Return On Invested Capital (8.62%) than 79.73% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for HAFNI 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 RankSector 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%
HAFNI.OL Yearly ROA, ROE, ROICHAFNI.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

1.3 Margins

  • With a decent Profit Margin value of 13.95%, HAFNI is doing good in the industry, outperforming 72.97% of the companies in the same industry.
  • HAFNI's Profit Margin has improved in the last couple of years.
  • HAFNI's Operating Margin of 15.12% is in line compared to the rest of the industry. HAFNI outperforms 47.30% of its industry peers.
  • HAFNI's Operating Margin has improved in the last couple of years.
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
HAFNI.OL Yearly Profit, Operating, Gross MarginsHAFNI.OL 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. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so HAFNI is creating value.
  • The number of shares outstanding for HAFNI remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, HAFNI has more shares outstanding
  • The debt/assets ratio for HAFNI has been reduced compared to a year ago.
HAFNI.OL Yearly Shares OutstandingHAFNI.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
HAFNI.OL Yearly Total Debt VS Total AssetsHAFNI.OL 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 3.14 indicates that HAFNI is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of HAFNI (3.14) is better than 71.62% 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 87.84% 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 has a better Debt to Equity ratio (0.29) than 71.62% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 1.74
Altman-Z 3.14
ROIC/WACC1
WACC8.63%
HAFNI.OL Yearly LT Debt VS Equity VS FCFHAFNI.OL 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

  • 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 66.22% of its industry peers.
  • 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 74.32% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.52
Quick Ratio 1.38
HAFNI.OL Yearly Current Assets VS Current LiabilitesHAFNI.OL 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

3

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.
  • HAFNI shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -36.53%.
  • 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

  • The Earnings Per Share is expected to decrease by -23.67% on average over the next years. This is quite bad
  • HAFNI is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -13.08% yearly.
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

  • 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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
HAFNI.OL Yearly Revenue VS EstimatesHAFNI.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B 2.5B
HAFNI.OL Yearly EPS VS EstimatesHAFNI.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 -0.5 1 1.5

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 10.58, the valuation of HAFNI can be described as reasonable.
  • 75.68% of the companies in the same industry are more expensive than HAFNI, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 28.06, HAFNI is valued rather cheaply.
  • A Price/Forward Earnings ratio of 8.78 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 85.14% of the companies listed in the same industry.
  • HAFNI is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.86, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.58
Fwd PE 8.78
HAFNI.OL Price Earnings VS Forward Price EarningsHAFNI.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • HAFNI's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of HAFNI indicates a rather cheap valuation: HAFNI is cheaper than 87.84% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.44
EV/EBITDA 7.54
HAFNI.OL Per share dataHAFNI.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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)0.21
EPS Next 2Y-30.21%
EPS Next 3Y-23.67%

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

6

5. Dividend

5.1 Amount

  • HAFNI has a Yearly Dividend Yield of 6.51%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.14, HAFNI pays a better dividend. On top of this HAFNI pays more dividend than 87.84% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, HAFNI pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.51%

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

  • 102.71% of the earnings are spent on dividend by HAFNI. This is not a sustainable payout ratio.
  • HAFNI's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP102.71%
EPS Next 2Y-30.21%
EPS Next 3Y-23.67%
HAFNI.OL Yearly Income VS Free CF VS DividendHAFNI.OL 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
HAFNI.OL Dividend Payout.HAFNI.OL Dividend Payout, showing the Payout Ratio.HAFNI.OL Dividend Payout.PayoutRetained Earnings

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HAFNIA LTD

OSL:HAFNI (2/10/2026, 4:19:56 PM)

62.08

-0.14 (-0.23%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)12-01
Earnings (Next)02-26
Inst Owners28.7%
Inst Owner ChangeN/A
Ins Owners0.48%
Ins Owner ChangeN/A
Market Cap31.82B
Revenue(TTM)2.22B
Net Income(TTM)310.03M
Analysts84.62
Price Target78.02 (25.68%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.51%
Yearly Dividend13.53
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)2.17%
PT rev (3m)3.08%
EPS NQ rev (1m)9.09%
EPS NQ rev (3m)3.6%
EPS NY rev (1m)-0.79%
EPS NY rev (3m)-1.19%
Revenue NQ rev (1m)2.33%
Revenue NQ rev (3m)-0.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.4%
Valuation
Industry RankSector Rank
PE 10.58
Fwd PE 8.78
P/S 1.49
P/FCF 6.44
P/OCF 5.17
P/B 1.42
P/tB 1.42
EV/EBITDA 7.54
EPS(TTM)5.87
EY9.46%
EPS(NY)7.07
Fwd EY11.39%
FCF(TTM)9.64
FCFY15.53%
OCF(TTM)12.01
OCFY19.35%
SpS41.68
BVpS43.72
TBVpS43.72
PEG (NY)N/A
PEG (5Y)0.21
Graham Number75.99
Profitability
Industry RankSector 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 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 3.14
F-Score5
WACC8.63%
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)-64.12%
EPS 3YN/A
EPS 5Y49.51%
EPS Q2Q%-57.14%
EPS Next Y-53.21%
EPS Next 2Y-30.21%
EPS Next 3Y-23.67%
EPS Next 5YN/A
Revenue 1Y (TTM)-36.53%
Revenue growth 3Y52.35%
Revenue growth 5Y28.22%
Sales Q2Q%-31.68%
Revenue Next Year-31.22%
Revenue Next 2Y-16.95%
Revenue Next 3Y-13.08%
Revenue Next 5YN/A
EBIT growth 1Y-61.78%
EBIT growth 3Y2051.86%
EBIT growth 5Y39.65%
EBIT Next Year-27.79%
EBIT Next 3Y-11.13%
EBIT Next 5YN/A
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 6 / 10 to HAFNIA LTD (HAFNI.OL). This can be considered as Fairly Valued.


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 10.58 and the Price/Book (PB) ratio is 1.42.


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%.