HAFNIA LTD (HAFNI.OL) Stock Fundamental Analysis
Europe • Euronext Oslo • OSL:HAFNI • SGXZ53070850
59.14 NOK
+0.24 (+0.41%)
Last: Feb 3, 2026, 04:25 PM
Overall HAFNI gets a fundamental rating of 6 out of 10. We evaluated HAFNI against 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 has a bad growth rate and is valued cheaply. This makes HAFNI very considerable for value investing!
1. Profitability
1.1 Basic Checks
- HAFNI had positive earnings in the past year.
- 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
- Looking at the Return On Assets, with a value of 8.68%, HAFNI belongs to the top of the industry, outperforming 90.41% 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 76.71% of its industry peers.
- With an excellent Return On Invested Capital value of 8.62%, HAFNI belongs to the best of the industry, outperforming 80.82% of the companies in the same industry.
- HAFNI had an Average Return On Invested Capital over the past 3 years of 18.77%. This is significantly above the industry average of 8.73%.
- 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 has a better Profit Margin (13.95%) than 72.60% of its industry peers.
- HAFNI's Profit Margin has improved in the last couple of years.
- HAFNI's Operating Margin of 15.12% is in line compared to the rest of the industry. HAFNI outperforms 49.32% of 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.
- 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 3.05. This indicates that HAFNI is financially healthy and has little risk of bankruptcy at the moment.
- HAFNI has a Altman-Z score of 3.05. This is in the better half of the industry: HAFNI outperforms 71.23% 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.
- With an excellent Debt to FCF ratio value of 1.74, HAFNI belongs to the best 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.
- With a decent Debt to Equity ratio value of 0.29, HAFNI is doing good in the industry, outperforming 69.86% of the companies in the same industry.
| 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.
- 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 73.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.52 | ||
| Quick Ratio | 1.38 |
3. Growth
3.1 Past
- 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.
- HAFNI shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -36.53%.
- 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
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 10.01 indicates a reasonable valuation of HAFNI.
- Based on the Price/Earnings ratio, HAFNI is valued cheaper than 82.19% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 28.41. HAFNI is valued rather cheaply when compared to this.
- The Price/Forward Earnings ratio is 8.30, which indicates a very decent valuation of HAFNI.
- Based on the Price/Forward Earnings ratio, HAFNI is valued cheaper than 89.04% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of HAFNI to the average of the S&P500 Index (25.64), we can say HAFNI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.01 | ||
| Fwd PE | 8.3 |
4.2 Price Multiples
- HAFNI's Enterprise Value to EBITDA ratio is in line with the industry average.
- 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 | 6.09 | ||
| EV/EBITDA | 7.17 |
4.3 Compensation for Growth
- HAFNI has a very decent profitability rating, which 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)0.2
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
- 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%
OSL:HAFNI (2/3/2026, 4:25:15 PM)
59.14
+0.24 (+0.41%)
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 Cap30.31B
Revenue(TTM)2.22B
Net Income(TTM)310.03M
Analysts84.62
Price Target76.59 (29.51%)
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 | 10.01 | ||
| Fwd PE | 8.3 | ||
| P/S | 1.41 | ||
| P/FCF | 6.09 | ||
| P/OCF | 4.89 | ||
| P/B | 1.34 | ||
| P/tB | 1.34 | ||
| EV/EBITDA | 7.17 |
EPS(TTM)5.91
EY9.99%
EPS(NY)7.12
Fwd EY12.04%
FCF(TTM)9.71
FCFY16.42%
OCF(TTM)12.09
OCFY20.45%
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 10.01 and the Price/Book (PB) ratio is 1.34.
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%.