HAFNIA LTD (HAFNI.OL) Stock Fundamental Analysis

OSL:HAFNI • SGXZ53070850

64.13 NOK
+0.51 (+0.8%)
Last: Feb 18, 2026, 12:04 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

Taking everything into account, HAFNI scores 6 out of 10 in our fundamental rating. HAFNI was compared to 77 industry peers in the Oil, Gas & Consumable Fuels industry. HAFNI scores excellent points on both the profitability and health parts. This is a solid base for a good stock. HAFNI is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

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.
  • 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.
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

  • The Return On Assets of HAFNI (8.68%) is better than 89.61% of its industry peers.
  • With a decent Return On Equity value of 13.30%, HAFNI is doing good in the industry, outperforming 74.03% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 8.62%, HAFNI belongs to the best of the industry, outperforming 80.52% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for HAFNI is significantly above the industry average of 8.82%.
  • 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 71.43% of the companies in the same industry.
  • 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.
  • 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.
  • 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
  • HAFNI has a better debt/assets ratio than last year.
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 3.19. This indicates that HAFNI is financially healthy and has little risk of bankruptcy at the moment.
  • HAFNI has a better Altman-Z score (3.19) than 72.73% 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 88.31% 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's Debt to Equity ratio of 0.29 is fine compared to the rest of the industry. HAFNI outperforms 71.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 1.74
Altman-Z 3.19
ROIC/WACC1.02
WACC8.46%
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's Current ratio of 1.52 is fine compared to the rest of the industry. HAFNI outperforms 64.94% 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 74.03% 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

  • HAFNI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -64.12%.
  • Measured over the past years, HAFNI shows a very strong growth in Earnings Per Share. The EPS has been growing by 49.51% on average per year.
  • The Revenue for HAFNI has decreased by -36.53% in the past year. This is quite bad
  • The Revenue has been growing by 28.22% on average over the past years. This is a very strong growth!
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 -14.08% on average per year.
  • Based on estimates for the next years, HAFNI will show a decrease in Revenue. The Revenue will decrease by -9.09% on average per year.
EPS Next Y-53.21%
EPS Next 2Y-30.21%
EPS Next 3Y-23.67%
EPS Next 5Y-14.08%
Revenue Next Year-31.22%
Revenue Next 2Y-16.95%
Revenue Next 3Y-13.08%
Revenue Next 5Y-9.09%

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.
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

6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 11.02 indicates a reasonable valuation of HAFNI.
  • Based on the Price/Earnings ratio, HAFNI is valued a bit cheaper than 76.62% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.16. HAFNI is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 9.14, the valuation of HAFNI can be described as reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of HAFNI indicates a rather cheap valuation: HAFNI is cheaper than 87.01% of the companies listed in the same industry.
  • HAFNI is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.02
Fwd PE 9.14
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HAFNI is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, HAFNI is valued cheaply inside the industry as 88.31% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 6.71
EV/EBITDA 7.73
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 has a very decent profitability rating, which 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)0.22
EPS Next 2Y-30.21%
EPS Next 3Y-23.67%

More info and screens

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 6.03%, HAFNI is a good candidate for dividend investing.
  • HAFNI's Dividend Yield is rather good when compared to the industry average which is at 5.21. HAFNI pays more dividend than 87.01% 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 RankSector Rank
Dividend Yield 6.03%

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.
  • 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

More info and screens

Find the best dividend stocksShow peers with best dividend

HAFNIA LTD

OSL:HAFNI (2/18/2026, 12:04:59 PM)

64.13

+0.51 (+0.8%)

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 Cap32.87B
Revenue(TTM)2.22B
Net Income(TTM)310.03M
Analysts84.62
Price Target78.02 (21.66%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.03%
Yearly Dividend13.28
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)3.98%
EPS NQ rev (3m)-1.26%
EPS NY rev (1m)-0.79%
EPS NY rev (3m)-1.19%
Revenue NQ rev (1m)-0.18%
Revenue NQ rev (3m)-2.56%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.4%
Valuation
Industry RankSector Rank
PE 11.02
Fwd PE 9.14
P/S 1.55
P/FCF 6.71
P/OCF 5.38
P/B 1.48
P/tB 1.48
EV/EBITDA 7.73
EPS(TTM)5.82
EY9.08%
EPS(NY)7.02
Fwd EY10.94%
FCF(TTM)9.56
FCFY14.91%
OCF(TTM)11.91
OCFY18.58%
SpS41.35
BVpS43.38
TBVpS43.37
PEG (NY)N/A
PEG (5Y)0.22
Graham Number75.37
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 3.19
F-Score5
WACC8.46%
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)-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 5Y-14.08%
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 5Y-9.09%
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 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 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 11.02 and the Price/Book (PB) ratio is 1.48.


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%.