HAFNIA LTD (HAFNI.OL) Stock Fundamental Analysis
OSL:HAFNI - Euronext Oslo - SGXZ53070850 - Common Stock - Currency: NOK
Taking everything into account, HAFNI scores 7 out of 10 in our fundamental rating. HAFNI was compared to 60 industry peers in the Oil, Gas & Consumable Fuels industry. HAFNI scores excellent points on both the profitability and health parts. This is a solid base for a good stock. HAFNI may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make HAFNI a good candidate 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.
In the past 5 years HAFNI always reported a positive cash flow from operatings.
1.2 Ratios
HAFNI has a Return On Assets of 20.91%. This is amongst the best in the industry. HAFNI outperforms 95.08% of its industry peers.
Looking at the Return On Equity, with a value of 34.21%, HAFNI belongs to the top of the industry, outperforming 88.52% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 19.63%, HAFNI belongs to the top of the industry, outperforming 91.80% 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 above the industry average of 14.91%.
The 3 year average ROIC (18.77%) for HAFNI is below the current ROIC(19.63%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 20.91% | ||
| ROE | 34.21% | ||
| ROIC | 19.63% |
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 (26.98%) is better than 83.61% of its industry peers.
In the last couple of years the Profit Margin of HAFNI has grown nicely.
HAFNI has a better Operating Margin (27.09%) than 62.30% of its industry peers.
HAFNI's Operating Margin has improved in the last couple of years.
| 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
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 3.14. This indicates that HAFNI is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.14, HAFNI is in the better half of the industry, outperforming 77.05% of the companies in the same industry.
HAFNI has a debt to FCF ratio of 1.14. This is a very positive value and a sign of high solvency as it would only need 1.14 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 1.14, HAFNI belongs to the best of the industry, outperforming 88.52% of the companies in the same industry.
A Debt/Equity ratio of 0.35 indicates that HAFNI is not too dependend on debt financing.
HAFNI has a better Debt to Equity ratio (0.35) than 68.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 1.14 | ||
| Altman-Z | 3.14 |
ROIC/WACC2.13
WACC9.21%
2.3 Liquidity
A Current Ratio of 1.38 indicates that HAFNI should not have too much problems paying its short term obligations.
HAFNI's Current ratio of 1.38 is in line compared to the rest of the industry. HAFNI outperforms 47.54% of its industry peers.
HAFNI has a Quick Ratio of 1.23. 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 Quick ratio value of 1.23, HAFNI perfoms like the industry average, outperforming 54.10% of the companies in the same industry.
The current and quick ratio evaluation for HAFNI is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.23 |
3. Growth
3.1 Past
HAFNI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.24%.
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 small growth in Revenue. The Revenue has grown by 7.37% in the last year.
HAFNI 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
Based on estimates for the next years, HAFNI will show a very negative growth in Revenue. The Revenue will decrease by -11.12% on average per year.
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
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
Based on the Price/Earnings ratio of 4.41, the valuation of HAFNI can be described as very cheap.
Based on the Price/Earnings ratio, HAFNI is valued cheaper than 95.08% of the companies in the same industry.
HAFNI's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.41.
With a Price/Forward Earnings ratio of 6.66, the valuation of HAFNI can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HAFNI indicates a rather cheap valuation: HAFNI is cheaper than 81.97% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 35.19. HAFNI is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.41 | ||
| Fwd PE | 6.66 |
4.2 Price Multiples
67.21% of the companies in the same industry are more expensive than HAFNI, based on the Enterprise Value to EBITDA ratio.
91.80% 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 | 2.79 | ||
| EV/EBITDA | 3.6 |
4.3 Compensation for Growth
The excellent 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 -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
HAFNI has a Yearly Dividend Yield of 17.54%, which is a nice return.
HAFNI's Dividend Yield is rather good when compared to the industry average which is at 58.69. HAFNI pays more dividend than 95.08% of the companies in the same industry.
HAFNI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.54% |
5.2 History
The dividend of HAFNI is nicely growing with an annual growth rate of 141.09%!
Dividend Growth(5Y)141.09%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
90.42% 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.
DP90.42%
EPS Next 2Y-27.18%
EPS Next 3Y-15.22%
OSL:HAFNI (7/11/2025, 7:00:00 PM)
54.04
+1.36 (+2.58%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners22.22%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap27.70B
Analysts87.5
Price Target72.68 (34.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.54% |
Yearly Dividend14.09
Dividend Growth(5Y)141.09%
DP90.42%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)0%
PT rev (3m)1.38%
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 | 4.41 | ||
| Fwd PE | 6.66 | ||
| P/S | 0.95 | ||
| P/FCF | 2.79 | ||
| P/OCF | 2.65 | ||
| P/B | 1.21 | ||
| P/tB | 1.21 | ||
| EV/EBITDA | 3.6 |
EPS(TTM)12.25
EY22.67%
EPS(NY)8.11
Fwd EY15.01%
FCF(TTM)19.38
FCFY35.85%
OCF(TTM)20.36
OCFY37.67%
SpS56.67
BVpS44.7
TBVpS44.69
PEG (NY)N/A
PEG (5Y)0.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 20.91% | ||
| ROE | 34.21% | ||
| ROCE | 25.5% | ||
| ROIC | 19.63% | ||
| ROICexc | 21.64% | ||
| ROICexgc | 21.65% | ||
| 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)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%
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 | 3.14 |
F-Score7
WACC9.21%
ROIC/WACC2.13
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%