HAFNIA LTD (HAFNI.OL) Stock Fundamental Analysis
Europe • Euronext Oslo • OSL:HAFNI • SGXZ53070850
59.6 NOK
+0.7 (+1.19%)
Last: Feb 3, 2026, 12:15 PM
Taking everything into account, HAFNI scores 6 out of 10 in our fundamental rating. HAFNI was compared to 73 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 is valued quite cheap, but it does not seem to be growing. These ratings would make HAFNI suitable for value investing!
1. Profitability
1.1 Basic Checks
- In the past year HAFNI was profitable.
- In the past year HAFNI had a positive cash flow from operations.
- Of the past 5 years HAFNI 4 years were profitable.
- In the past 5 years HAFNI always reported a positive cash flow from operatings.
1.2 Ratios
- HAFNI's Return On Assets of 8.68% is amongst the best of the industry. HAFNI outperforms 90.41% of its industry peers.
- The Return On Equity of HAFNI (13.30%) is better than 76.71% of its industry peers.
- HAFNI has a Return On Invested Capital of 8.62%. This is amongst the best in the industry. HAFNI outperforms 80.82% 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 8.73%.
- 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's Profit Margin of 13.95% is fine compared to the rest of the industry. HAFNI outperforms 72.60% of its industry peers.
- HAFNI's Profit Margin has improved in the last couple of years.
- 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.
- 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 3.05 indicates that HAFNI is not in any danger for bankruptcy at the moment.
- HAFNI's Altman-Z score of 3.05 is fine compared to the rest of the industry. HAFNI outperforms 71.23% 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.
- Looking at the Debt to FCF ratio, with a value of 1.74, HAFNI belongs to the top of the industry, outperforming 89.04% of the companies in the same industry.
- A Debt/Equity ratio of 0.29 indicates that HAFNI is not too dependend on debt financing.
- The Debt to Equity ratio of HAFNI (0.29) is better than 69.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 1.74 | ||
| Altman-Z | 3.05 |
ROIC/WACC1
WACC8.66%
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.
- With a decent Current ratio value of 1.52, HAFNI is doing good in the industry, outperforming 63.01% 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 73.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.52 | ||
| Quick Ratio | 1.38 |
3. Growth
3.1 Past
- HAFNI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -64.12%.
- The Earnings Per Share has been growing by 49.51% on average over the past years. This is a very strong growth
- 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 -23.67% 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-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.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 10.08, the valuation of HAFNI can be described as very reasonable.
- 82.19% of the companies in the same industry are more expensive than HAFNI, based on the Price/Earnings ratio.
- HAFNI's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.41.
- A Price/Forward Earnings ratio of 8.37 indicates a reasonable valuation of HAFNI.
- HAFNI's Price/Forward Earnings ratio is rather cheap when compared to the industry. HAFNI is cheaper than 89.04% of the companies in the same industry.
- HAFNI is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.64, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.08 | ||
| Fwd PE | 8.37 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as HAFNI.
- 89.04% of the companies in the same industry are more expensive than HAFNI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.14 | ||
| EV/EBITDA | 7.17 |
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
- HAFNI has a Yearly Dividend Yield of 6.59%, which is a nice return.
- Compared to an average industry Dividend Yield of 5.10, HAFNI pays a better dividend. On top of this HAFNI pays more dividend than 86.30% of the companies listed in the same industry.
- HAFNI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.59% |
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.
- 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%
OSL:HAFNI (2/3/2026, 12:15:49 PM)
59.6
+0.7 (+1.19%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)12-01 2025-12-01/bmo
Earnings (Next)02-26 2026-02-26/bmo
Inst Owners28.7%
Inst Owner ChangeN/A
Ins Owners0.48%
Ins Owner ChangeN/A
Market Cap30.55B
Revenue(TTM)2.22B
Net Income(TTM)310.03M
Analysts84.62
Price Target76.59 (28.51%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.59% |
Yearly Dividend13.29
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)0.3%
PT rev (3m)1.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.29%
EPS NY rev (1m)-0.79%
EPS NY rev (3m)-2.17%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)-4.51%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.08 | ||
| Fwd PE | 8.37 | ||
| P/S | 1.42 | ||
| P/FCF | 6.14 | ||
| P/OCF | 4.93 | ||
| P/B | 1.35 | ||
| P/tB | 1.35 | ||
| EV/EBITDA | 7.17 |
EPS(TTM)5.91
EY9.92%
EPS(NY)7.12
Fwd EY11.95%
FCF(TTM)9.71
FCFY16.29%
OCF(TTM)12.09
OCFY20.29%
SpS41.98
BVpS44.03
TBVpS44.03
PEG (NY)N/A
PEG (5Y)0.2
Graham Number76.52
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 | 3.05 |
F-Score5
WACC8.66%
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 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 10.08 and the Price/Book (PB) ratio is 1.35.
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%.