HAFNIA LTD (HAFNI.OL) Stock Fundamental Analysis

OSL:HAFNI • SGXZ53070850

74.7 NOK
+1 (+1.36%)
Last: Mar 3, 2026, 12:39 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Taking everything into account, HAFNI scores 5 out of 10 in our fundamental rating. HAFNI was compared to 71 industry peers in the Oil, Gas & Consumable Fuels industry. While HAFNI has a great health rating, its profitability is only average at the moment. HAFNI is cheap, but on the other hand it scores bad on growth. With these ratings, HAFNI could be worth investigating further for value investing!.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year HAFNI was profitable.
  • HAFNI had a positive operating cash flow in the past year.
  • In multiple years HAFNI reported negative net income over the last 5 years.
  • Of the past 5 years HAFNI 4 years had a positive operating cash flow.
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

  • Looking at the Return On Assets, with a value of 8.68%, HAFNI belongs to the top of the industry, outperforming 88.73% of the companies in the same industry.
  • HAFNI has a better Return On Equity (13.30%) than 71.83% 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 77.46% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for HAFNI is significantly above the industry average of 9.02%.
  • 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

  • The Profit Margin of HAFNI (13.95%) is better than 71.83% of its industry peers.
  • HAFNI's Profit Margin has improved in the last couple of years.
  • The Operating Margin of HAFNI (15.12%) is comparable to the rest of the industry.
  • 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

  • HAFNI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • There is no outstanding debt for HAFNI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
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

  • HAFNI has an Altman-Z score of 3.45. This indicates that HAFNI is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of HAFNI (3.45) is better than 74.65% 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.
  • The Debt to FCF ratio of HAFNI (1.74) is better than 87.32% 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 Debt to Equity ratio of 0.29. This is in the better half of the industry: HAFNI outperforms 67.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 1.74
Altman-Z 3.45
ROIC/WACC1.02
WACC8.43%
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

  • HAFNI has a Current Ratio of 1.52. This is a normal value and indicates that HAFNI is financially healthy and should not expect problems in meeting 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 60.56% 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.
  • The Quick ratio of HAFNI (1.38) is better than 70.42% of its industry peers.
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

1

3. Growth

3.1 Past

  • HAFNI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -54.97%.
  • The Earnings Per Share has been growing by 10.65% on average over the past years. This is quite good.
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 6.57% on average over the next years.
  • The Revenue is expected to decrease by -0.10% on average over the next years.
EPS Next Y8.15%
EPS Next 2Y-0.62%
EPS Next 3Y6.57%
EPS Next 5YN/A
Revenue Next Year-1.01%
Revenue Next 2Y-3.43%
Revenue Next 3Y-0.1%
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.
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 2028 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 2028 0 0.5 -0.5 1 1.5

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 11.47, which indicates a very decent valuation of HAFNI.
  • 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 27.13, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 10.62, the valuation of HAFNI can be described as very reasonable.
  • HAFNI's Price/Forward Earnings ratio is rather cheap when compared to the industry. HAFNI is cheaper than 87.32% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.11. HAFNI is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.47
Fwd PE 10.62
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.
  • HAFNI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. HAFNI is cheaper than 85.92% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.79
EV/EBITDA 8.71
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

  • 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.
PEG (NY)1.41
PEG (5Y)1.08
EPS Next 2Y-0.62%
EPS Next 3Y6.57%

More info and screens

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

6

5. Dividend

5.1 Amount

  • HAFNI has a Yearly Dividend Yield of 7.33%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.34, HAFNI pays a better dividend. On top of this HAFNI pays more dividend than 87.32% 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 RankSector Rank
Dividend Yield 7.33%

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 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-0.62%
EPS Next 3Y6.57%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

HAFNIA LTD

OSL:HAFNI (3/3/2026, 12:39:18 PM)

74.7

+1 (+1.36%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-26
Earnings (Next)05-27
Inst Owners28.7%
Inst Owner ChangeN/A
Ins Owners0.48%
Ins Owner ChangeN/A
Market Cap38.29B
Revenue(TTM)N/A
Net Income(TTM)310.03M
Analysts84.62
Price Target78.84 (5.54%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.33%
Yearly Dividend13.21
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)2.93%
PT rev (3m)4.63%
EPS NQ rev (1m)2.65%
EPS NQ rev (3m)-2.52%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.19%
Revenue NQ rev (1m)-0.69%
Revenue NQ rev (3m)-2.79%
Revenue NY rev (1m)-0.4%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 11.47
Fwd PE 10.62
P/S 1.8
P/FCF 7.79
P/OCF 6.25
P/B 1.72
P/tB 1.72
EV/EBITDA 8.71
EPS(TTM)6.51
EY8.71%
EPS(NY)7.04
Fwd EY9.42%
FCF(TTM)9.59
FCFY12.84%
OCF(TTM)11.95
OCFY16%
SpS41.47
BVpS43.5
TBVpS43.5
PEG (NY)1.41
PEG (5Y)1.08
Graham Number79.82
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 3.45
F-Score5
WACC8.43%
ROIC/WACC1.02
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 Y8.15%
EPS Next 2Y-0.62%
EPS Next 3Y6.57%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%10.88%
Revenue Next Year-1.01%
Revenue Next 2Y-3.43%
Revenue Next 3Y-0.1%
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-12.83%
EBIT Next 5Y-6.23%
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 5 / 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 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 11.47 and the Price/Book (PB) ratio is 1.72.


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%.