HAFNIA LTD (HAFN) Stock Fundamental Analysis
NYSE:HAFN - New York Stock Exchange, Inc. - SGXZ53070850 - Common Stock - Currency: USD
Overall HAFN gets a fundamental rating of 6 out of 10. We evaluated HAFN against 211 industry peers in the Oil, Gas & Consumable Fuels industry. Both the health and profitability get an excellent rating, making HAFN a very profitable company, without any liquidiy or solvency issues. HAFN may be a bit undervalued, certainly considering the very reasonable score on growth With these ratings, HAFN could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
HAFN had positive earnings in the past year.
HAFN had a positive operating cash flow in the past year.
HAFN had positive earnings in 4 of the past 5 years.
HAFN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
HAFN's Return On Assets of 20.91% is amongst the best of the industry. HAFN outperforms 95.26% of its industry peers.
HAFN has a better Return On Equity (34.21%) than 91.94% of its industry peers.
HAFN's Return On Invested Capital of 20.14% is amongst the best of the industry. HAFN outperforms 95.73% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HAFN is below the industry average of 23.79%.
The 3 year average ROIC (19.25%) for HAFN is below the current ROIC(20.14%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 20.91% | ||
| ROE | 34.21% | ||
| ROIC | 20.14% |
ROA(3y)20.08%
ROA(5y)12.77%
ROE(3y)35.74%
ROE(5y)23.04%
ROIC(3y)19.25%
ROIC(5y)12.98%
1.3 Margins
HAFN's Profit Margin of 26.98% is fine compared to the rest of the industry. HAFN outperforms 79.62% of its industry peers.
HAFN's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 27.09%, HAFN is doing good in the industry, outperforming 62.56% of the companies in the same industry.
In the last couple of years the Operating Margin of HAFN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.09% | ||
| PM (TTM) | 26.98% | ||
| 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), HAFN is creating value.
HAFN has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for HAFN has been increased compared to 5 years ago.
The debt/assets ratio for HAFN has been reduced compared to a year ago.
2.2 Solvency
HAFN has an Altman-Z score of 3.11. This indicates that HAFN is financially healthy and has little risk of bankruptcy at the moment.
HAFN has a better Altman-Z score (3.11) than 82.94% of its industry peers.
The Debt to FCF ratio of HAFN is 1.14, which is an excellent value as it means it would take HAFN, only 1.14 years of fcf income to pay off all of its debts.
HAFN has a Debt to FCF ratio of 1.14. This is amongst the best in the industry. HAFN outperforms 88.63% of its industry peers.
A Debt/Equity ratio of 0.35 indicates that HAFN is not too dependend on debt financing.
The Debt to Equity ratio of HAFN (0.35) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 1.14 | ||
| Altman-Z | 3.11 |
ROIC/WACC2.37
WACC8.5%
2.3 Liquidity
A Current Ratio of 1.38 indicates that HAFN should not have too much problems paying its short term obligations.
The Current ratio of HAFN (1.38) is better than 63.51% of its industry peers.
A Quick Ratio of 1.23 indicates that HAFN should not have too much problems paying its short term obligations.
HAFN's Quick ratio of 1.23 is fine compared to the rest of the industry. HAFN outperforms 64.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.23 |
3. Growth
3.1 Past
HAFN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.24%.
Measured over the past years, HAFN shows a very strong growth in Earnings Per Share. The EPS has been growing by 49.51% on average per year.
The Revenue has been growing slightly by 7.37% in the past year.
HAFN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.22% yearly.
EPS 1Y (TTM)-18.24%
EPS 3YN/A
EPS 5Y49.51%
EPS Q2Q%-69.77%
Revenue 1Y (TTM)7.37%
Revenue growth 3Y52.35%
Revenue growth 5Y28.22%
Sales Q2Q%-42.25%
3.2 Future
The Earnings Per Share is expected to decrease by -15.22% on average over the next years. This is quite bad
HAFN is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -11.12% yearly.
EPS Next Y-54.01%
EPS Next 2Y-27.18%
EPS Next 3Y-15.22%
EPS Next 5YN/A
Revenue Next Year-31.29%
Revenue Next 2Y-16.33%
Revenue Next 3Y-11.12%
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 4.43, the valuation of HAFN can be described as very cheap.
Based on the Price/Earnings ratio, HAFN is valued cheaply inside the industry as 93.84% of the companies are valued more expensively.
HAFN is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
HAFN is valuated cheaply with a Price/Forward Earnings ratio of 6.69.
Based on the Price/Forward Earnings ratio, HAFN is valued cheaply inside the industry as 86.26% of the companies are valued more expensively.
HAFN is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.43 | ||
| Fwd PE | 6.69 |
4.2 Price Multiples
84.36% of the companies in the same industry are more expensive than HAFN, based on the Enterprise Value to EBITDA ratio.
94.79% of the companies in the same industry are more expensive than HAFN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.8 | ||
| EV/EBITDA | 3.53 |
4.3 Compensation for Growth
HAFN has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as HAFN's earnings are expected to decrease with -15.22% in the coming years.
PEG (NY)N/A
PEG (5Y)0.09
EPS Next 2Y-27.18%
EPS Next 3Y-15.22%
5. Dividend
5.1 Amount
HAFN has a Yearly Dividend Yield of 17.54%, which is a nice return.
HAFN's Dividend Yield is rather good when compared to the industry average which is at 6.51. HAFN pays more dividend than 97.16% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, HAFN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.54% |
5.2 History
On average, the dividend of HAFN grows each year by 141.09%, which is quite nice.
HAFN has been paying a dividend for over 5 years, so it has already some track record.
The dividend of HAFN decreased in the last 3 years.
Dividend Growth(5Y)141.09%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
HAFN pays out 90.42% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of HAFN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP90.42%
EPS Next 2Y-27.18%
EPS Next 3Y-15.22%
5.36
+0.16 (+3.08%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners22.22%
Inst Owner Change0%
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap2.75B
Analysts87.5
Price Target7.24 (35.07%)
Short Float %1.77%
Short Ratio3.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.54% |
Yearly Dividend1.39
Dividend Growth(5Y)141.09%
DP90.42%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.53%
Min EPS beat(2)-12.27%
Max EPS beat(2)11.21%
EPS beat(4)2
Avg EPS beat(4)-0.19%
Min EPS beat(4)-12.27%
Max EPS beat(4)11.21%
EPS beat(8)5
Avg EPS beat(8)3.49%
EPS beat(12)8
Avg EPS beat(12)35.59%
EPS beat(16)10
Avg EPS beat(16)24.49%
Revenue beat(2)0
Avg Revenue beat(2)-6.01%
Min Revenue beat(2)-10.02%
Max Revenue beat(2)-2%
Revenue beat(4)1
Avg Revenue beat(4)-4.37%
Min Revenue beat(4)-10.02%
Max Revenue beat(4)1.07%
Revenue beat(8)2
Avg Revenue beat(8)-3.79%
Revenue beat(12)6
Avg Revenue beat(12)9.03%
Revenue beat(16)10
Avg Revenue beat(16)30.26%
PT rev (1m)24.13%
PT rev (3m)4.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.66%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.84%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.04%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.43 | ||
| Fwd PE | 6.69 | ||
| P/S | 0.96 | ||
| P/FCF | 2.8 | ||
| P/OCF | 2.67 | ||
| P/B | 1.21 | ||
| P/tB | 1.21 | ||
| EV/EBITDA | 3.53 |
EPS(TTM)1.21
EY22.57%
EPS(NY)0.8
Fwd EY14.94%
FCF(TTM)1.91
FCFY35.7%
OCF(TTM)2.01
OCFY37.5%
SpS5.6
BVpS4.41
TBVpS4.41
PEG (NY)N/A
PEG (5Y)0.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 20.91% | ||
| ROE | 34.21% | ||
| ROCE | 25.5% | ||
| ROIC | 20.14% | ||
| ROICexc | 22.21% | ||
| ROICexgc | 22.21% | ||
| OM | 27.09% | ||
| PM (TTM) | 26.98% | ||
| GM | N/A | ||
| FCFM | 34.19% |
ROA(3y)20.08%
ROA(5y)12.77%
ROE(3y)35.74%
ROE(5y)23.04%
ROIC(3y)19.25%
ROIC(5y)12.98%
ROICexc(3y)20.74%
ROICexc(5y)13.93%
ROICexgc(3y)20.75%
ROICexgc(5y)13.94%
ROCE(3y)24.37%
ROCE(5y)16.42%
ROICexcg growth 3Y1860.8%
ROICexcg 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-Score7
Asset Turnover0.77
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 1.14 | ||
| Debt/EBITDA | 0.79 | ||
| Cap/Depr | 23.07% | ||
| Cap/Sales | 1.73% | ||
| Interest Coverage | 18.65 | ||
| Cash Conversion | 103.83% | ||
| Profit Quality | 126.71% | ||
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.23 | ||
| Altman-Z | 3.11 |
F-Score7
WACC8.5%
ROIC/WACC2.37
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)-18.24%
EPS 3YN/A
EPS 5Y49.51%
EPS Q2Q%-69.77%
EPS Next Y-54.01%
EPS Next 2Y-27.18%
EPS Next 3Y-15.22%
EPS Next 5YN/A
Revenue 1Y (TTM)7.37%
Revenue growth 3Y52.35%
Revenue growth 5Y28.22%
Sales Q2Q%-42.25%
Revenue Next Year-31.29%
Revenue Next 2Y-16.33%
Revenue Next 3Y-11.12%
Revenue Next 5YN/A
EBIT growth 1Y-3.07%
EBIT growth 3Y2051.86%
EBIT growth 5Y39.65%
EBIT Next Year-29.35%
EBIT Next 3Y-6.67%
EBIT Next 5YN/A
FCF growth 1Y11.9%
FCF growth 3Y131.15%
FCF growth 5YN/A
OCF growth 1Y-2.87%
OCF growth 3Y113.12%
OCF growth 5Y30.15%