HAFNIA LTD (HAFNI.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:HAFNI - SGXZ53070850 - Common Stock
56.42 NOK
-0.24 (-0.42%)
Overall HAFNI gets a fundamental rating of 6 out of 10. We evaluated HAFNI against 71 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. This makes HAFNI very considerable 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.
- 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.
1.2 Ratios
- With an excellent Return On Assets value of 8.68%, HAFNI belongs to the best of the industry, outperforming 90.14% of the companies in the same industry.
- HAFNI's Return On Equity of 13.30% is fine compared to the rest of the industry. HAFNI outperforms 76.06% of its industry peers.
- HAFNI's Return On Invested Capital of 8.62% is amongst the best of the industry. HAFNI outperforms 80.28% of its industry peers.
- The Average Return On Invested Capital over the past 3 years 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 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 71.83% 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.
- 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
- An Altman-Z score of 2.97 indicates that HAFNI is not a great score, but indicates only limited risk for bankruptcy at the moment.
- With a decent Altman-Z score value of 2.97, HAFNI is doing good in the industry, outperforming 70.42% of the companies in the same industry.
- 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's Debt to FCF ratio of 1.74 is amongst the best of the industry. HAFNI outperforms 88.73% of its industry peers.
- A Debt/Equity ratio of 0.29 indicates that HAFNI is not too dependend on debt financing.
- HAFNI has a better Debt to Equity ratio (0.29) than 70.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 1.74 | ||
| Altman-Z | 2.97 |
ROIC/WACC1
WACC8.63%
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 63.38% of its industry peers.
- HAFNI has a Quick Ratio of 1.38. 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 Quick ratio, with a value of 1.38, HAFNI is in the better half of the industry, outperforming 73.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.52 | ||
| Quick Ratio | 1.38 |
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.
- The Revenue for HAFNI has decreased by -36.53% in the past year. This is quite bad
- 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
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- 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
- With a Price/Earnings ratio of 9.43, the valuation of HAFNI can be described as very reasonable.
- Based on the Price/Earnings ratio, HAFNI is valued cheaply inside the industry as 83.10% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 27.25, HAFNI is valued rather cheaply.
- HAFNI is valuated cheaply with a Price/Forward Earnings ratio of 7.83.
- Based on the Price/Forward Earnings ratio, HAFNI is valued cheaper than 91.55% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of HAFNI to the average of the S&P500 Index (25.98), we can say HAFNI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.43 | ||
| Fwd PE | 7.83 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as HAFNI.
- Based on the Price/Free Cash Flow ratio, HAFNI is valued cheaply inside the industry as 88.73% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.74 | ||
| EV/EBITDA | 6.89 |
4.3 Compensation for Growth
- The decent profitability rating of HAFNI may justify a higher PE ratio.
- A cheap valuation may be justified as HAFNI's earnings are expected to decrease with -23.67% in the coming years.
PEG (NY)N/A
PEG (5Y)0.19
EPS Next 2Y-30.21%
EPS Next 3Y-23.67%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 7.02%, HAFNI is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.24, 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 Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.02% |
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.
- 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%
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 9.43 and the Price/Book (PB) ratio is 1.27.
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%.