HAFNIA LTD (HAFNI.OL) Stock Fundamental Analysis
Europe • Euronext Oslo • OSL:HAFNI • SGXZ53070850
59.22 NOK
+1.04 (+1.79%)
Last: Jan 30, 2026, 07:00 PM
HAFNI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 72 industry peers in the Oil, Gas & Consumable Fuels industry. Both the health and profitability get an excellent rating, making HAFNI a very profitable company, without any liquidiy or solvency issues. HAFNI is cheap, but on the other hand it scores bad on growth. These ratings would make HAFNI suitable for value investing!
1. Profitability
1.1 Basic Checks
- In the past year HAFNI was profitable.
- HAFNI had a positive operating cash flow in the past year.
- Of the past 5 years HAFNI 4 years were profitable.
- HAFNI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 8.68%, HAFNI belongs to the best of the industry, outperforming 90.28% of the companies in the same industry.
- The Return On Equity of HAFNI (13.30%) is better than 76.39% of its industry peers.
- HAFNI has a Return On Invested Capital of 8.62%. This is amongst the best in the industry. HAFNI outperforms 80.56% of its industry peers.
- HAFNI had an Average Return On Invested Capital over the past 3 years of 18.77%. This is significantly above the industry average of 8.83%.
- 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 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
- The Profit Margin of HAFNI (13.95%) is better than 72.22% 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 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
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so HAFNI is creating value.
- HAFNI has about the same amout of shares outstanding than it did 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.
2.2 Solvency
- HAFNI has an Altman-Z score of 3.08. This indicates that HAFNI is financially healthy and has little risk of bankruptcy at the moment.
- HAFNI has a better Altman-Z score (3.08) than 70.83% of its industry peers.
- HAFNI has a debt to FCF ratio of 1.74. This is a very positive value and a sign of high solvency as it would only need 1.74 years to pay back of all of its debts.
- HAFNI has a better Debt to FCF ratio (1.74) than 88.89% 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 69.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 1.74 | ||
| Altman-Z | 3.08 |
ROIC/WACC1
WACC8.66%
2.3 Liquidity
- A Current Ratio of 1.52 indicates that HAFNI should not have too much problems paying its short term obligations.
- The Current ratio of HAFNI (1.52) is better than 63.89% 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 73.61% 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.
- 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
- The Earnings Per Share is expected to decrease by -23.67% on average over the next years. This is quite bad
- 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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 10.16, which indicates a very decent valuation of HAFNI.
- Based on the Price/Earnings ratio, HAFNI is valued cheaper than 83.33% of the companies in the same industry.
- HAFNI is valuated cheaply when we compare the Price/Earnings ratio to 28.32, which is the current average of the S&P500 Index.
- HAFNI is valuated reasonably with a Price/Forward Earnings ratio of 8.43.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of HAFNI indicates a rather cheap valuation: HAFNI is cheaper than 88.89% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, HAFNI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.16 | ||
| Fwd PE | 8.43 |
4.2 Price Multiples
- HAFNI's Enterprise Value to EBITDA is on the same level as the industry average.
- 88.89% 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 | 6.18 | ||
| EV/EBITDA | 7.28 |
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)0.21
EPS Next 2Y-30.21%
EPS Next 3Y-23.67%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 6.59%, HAFNI is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.02, HAFNI pays a better dividend. On top of this HAFNI pays more dividend than 87.50% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.83, HAFNI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.59% |
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
- 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%
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 10.16 and the Price/Book (PB) ratio is 1.36.
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%.