HAFNIA LTD (HAFNI.OL)
BMG4233B1090 - Common Stock
We assign a fundamental rating of 6 out of 10 to HAFNI. HAFNI was compared to 61 industry peers in the Oil, Gas & Consumable Fuels industry. While HAFNI has a great profitability rating, there are some minor concerns on its financial health. HAFNI has a decent growth rate and is not valued too expensively. HAFNI also has an excellent dividend rating. These ratings could make HAFNI a good candidate for dividend investing.
1. Profitability
1.1 Basic Checks
HAFNI had positive earnings in the past year.
In the past year HAFNI had a positive cash flow from operations.
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
HAFNI's Return On Assets of 20.27% is amongst the best of the industry. HAFNI outperforms 91.53% of its industry peers.
HAFNI has a better Return On Equity (35.61%) than 86.44% of its industry peers.
HAFNI has a better Return On Invested Capital (18.98%) than 81.36% of its industry peers.
HAFNI had an Average Return On Invested Capital over the past 3 years of 12.22%. This is in line with the industry average of 14.13%.
The 3 year average ROIC (12.22%) for HAFNI is below the current ROIC(18.98%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 20.27% | ||
| ROE | 35.61% | ||
| ROIC | 18.98% |
ROA(3y)12.37%
ROA(5y)9.13%
ROE(3y)22.68%
ROE(5y)17.48%
ROIC(3y)12.22%
ROIC(5y)9.68%
1.3 Margins
HAFNI's Profit Margin of 29.69% is fine compared to the rest of the industry. HAFNI outperforms 77.97% of its industry peers.
HAFNI's Profit Margin has improved in the last couple of years.
HAFNI's Operating Margin of 30.01% is fine compared to the rest of the industry. HAFNI outperforms 64.41% of its industry peers.
HAFNI's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.01% | ||
| PM (TTM) | 29.69% | ||
| GM | N/A |
OM growth 3Y8.32%
OM growth 5Y41.35%
PM growth 3Y20.38%
PM growth 5YN/A
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.
The number of shares outstanding for HAFNI has been increased compared to 1 year ago.
HAFNI has more shares outstanding than it did 5 years ago.
HAFNI has a better debt/assets ratio than last year.
2.2 Solvency
HAFNI has an Altman-Z score of 3.23. This indicates that HAFNI is financially healthy and has little risk of bankruptcy at the moment.
HAFNI's Altman-Z score of 3.23 is fine compared to the rest of the industry. HAFNI outperforms 67.80% of its industry peers.
The Debt to FCF ratio of HAFNI is 1.47, which is an excellent value as it means it would take HAFNI, only 1.47 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of HAFNI (1.47) is better than 77.97% of its industry peers.
HAFNI has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
HAFNI's Debt to Equity ratio of 0.46 is in line compared to the rest of the industry. HAFNI outperforms 47.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 1.47 | ||
| Altman-Z | 3.23 |
ROIC/WACC2.43
WACC7.8%
2.3 Liquidity
A Current Ratio of 1.41 indicates that HAFNI should not have too much problems paying its short term obligations.
HAFNI has a Current ratio (1.41) which is comparable to the rest of the industry.
HAFNI has a Quick Ratio of 1.25. This is a normal value and indicates that HAFNI is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of HAFNI (1.25) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.41 | ||
| Quick Ratio | 1.25 |
3. Growth
3.1 Past
The earnings per share for HAFNI have decreased by -1.27% in the last year.
Measured over the past years, HAFNI shows a very strong growth in Earnings Per Share. The EPS has been growing by 55.78% on average per year.
The Revenue has grown by 45.79% in the past year. This is a very strong growth!
The Revenue has been growing by 48.63% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-1.27%
EPS 3Y55.78%
EPS 5YN/A
EPS growth Q2Q-37.04%
Revenue 1Y (TTM)45.79%
Revenue growth 3Y45.13%
Revenue growth 5Y48.63%
Revenue growth Q2Q102.55%
3.2 Future
HAFNI is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -14.37% yearly.
The Revenue is expected to decrease by -9.44% on average over the next years.
EPS Next Y1.67%
EPS Next 2Y-9.02%
EPS Next 3Y-14.37%
EPS Next 5YN/A
Revenue Next Year1.95%
Revenue Next 2Y-5.29%
Revenue Next 3Y-9.44%
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
A Price/Earnings ratio of 4.96 indicates a rather cheap valuation of HAFNI.
Based on the Price/Earnings ratio, HAFNI is valued a bit cheaper than 77.97% of the companies in the same industry.
HAFNI is valuated cheaply when we compare the Price/Earnings ratio to 25.02, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 4.88, which indicates a rather cheap valuation of HAFNI.
HAFNI's Price/Forward Earnings ratio is rather cheap when compared to the industry. HAFNI is cheaper than 89.83% of the companies in the same industry.
HAFNI is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.32, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.96 | ||
| Fwd PE | 4.88 |
4.2 Price Multiples
HAFNI's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, HAFNI is valued a bit cheaper than 79.66% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.45 | ||
| EV/EBITDA | 4.88 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HAFNI does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of HAFNI may justify a higher PE ratio.
HAFNI's earnings are expected to decrease with -14.37% in the coming years. This may justify a cheaper valuation.
PEG (NY)2.97
PEG (5Y)N/A
EPS Next 2Y-9.02%
EPS Next 3Y-14.37%
5. Dividend
5.1 Amount
HAFNI has a Yearly Dividend Yield of 13.46%, which is a nice return.
HAFNI's Dividend Yield is rather good when compared to the industry average which is at 55.92. HAFNI pays more dividend than 93.22% of the companies in the same industry.
HAFNI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.46% |
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 68.59% 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.
DP68.59%
EPS Next 2Y-9.02%
EPS Next 3Y-14.37%
HAFNIA LTD
OSL:HAFNI (4/30/2024, 10:36:11 AM)
84.45
+0.6 (+0.72%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap42.87B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.46% |
Dividend Growth(5Y)
DP
Div Incr Years
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Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.96 | ||
| Fwd PE | 4.88 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.97
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 20.27% | ||
| ROE | 35.61% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 30.01% | ||
| PM (TTM) | 29.69% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.68
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.41 | ||
| Quick Ratio | 1.25 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-1.27%
EPS 3Y55.78%
EPS 5Y
EPS growth Q2Q
EPS Next Y1.67%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)45.79%
Revenue growth 3Y45.13%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
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