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Hafnia LimitedOB:HAFNI Stock Report

Market Cap NOK 31.1b
Share Price
NOK 62.36
My Fair Value
NOK 70.14
11.1% undervalued intrinsic discount
1Y-8.4%
7D6.2%
Portfolio Value
​
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Hafnia Limited

OB:HAFNI Stock Report

Market Cap: NOK 31.1b

Hafnia (HAFNI) Stock Overview

Owns and operates oil product tankers in Bermuda. More details

HAFNI fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends4/6

Rewards

Trading at 76.9% below our estimate of its fair value

Trading at good value compared to peers and industry

Risk Analysis

Unstable dividend track record

Profit margins (18.4%) are lower than last year (27%)


HAFNI Community Fair Values

Create Narrative

See what 64 others think this stock is worth. Follow their fair value or set your own to get alerts.

HAFNI logo
Hafnia

Fleet Renewal Will Lower Costs While IMO Rules Bring Uncertainty

Key Takeaways Robust demand and supply constraints in refined oil shipping drive higher charter rates, utilization, and earnings potential for Hafnia's modern, eco-efficient fleet. Prudent financial management and ongoing fleet optimization boost profitability, resilience, and enable sustained shareholder returns despite a complex operating environment.
View narrative
NOK 69.33
FV
10.1% undervalued intrinsic discount
-37.26%
Revenue growth p.a.
1users have liked this narrative
1users have commented on this narrative
32users have followed this narrative
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Hafnia Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hafnia
Historical stock prices
Current Share PriceNOK 62.36
52 Week HighNOK 70.50
52 Week LowNOK 36.02
Beta-0.17
1 Month Change0.064%
3 Month Change11.36%
1 Year Change-8.43%
3 Year Change15.06%
5 Year Change341.64%
Change since IPO317.12%

Recent News & Updates

There's No Escaping Hafnia Limited's (OB:HAFNI) Muted Earnings

Oct 01
There's No Escaping Hafnia Limited's (OB:HAFNI) Muted Earnings

We Think You Can Look Beyond Hafnia's (OB:HAFNI) Lackluster Earnings

Sep 04
We Think You Can Look Beyond Hafnia's (OB:HAFNI) Lackluster Earnings

Recent updates

There's No Escaping Hafnia Limited's (OB:HAFNI) Muted Earnings

Oct 01
There's No Escaping Hafnia Limited's (OB:HAFNI) Muted Earnings

We Think You Can Look Beyond Hafnia's (OB:HAFNI) Lackluster Earnings

Sep 04
We Think You Can Look Beyond Hafnia's (OB:HAFNI) Lackluster Earnings

We Think Hafnia (OB:HAFNI) Can Stay On Top Of Its Debt

Aug 12
We Think Hafnia (OB:HAFNI) Can Stay On Top Of Its Debt

Why We Like The Returns At Hafnia (OB:HAFNI)

Jul 13
Why We Like The Returns At Hafnia (OB:HAFNI)

Improved Earnings Required Before Hafnia Limited (OB:HAFNI) Stock's 26% Jump Looks Justified

May 10
Improved Earnings Required Before Hafnia Limited (OB:HAFNI) Stock's 26% Jump Looks Justified

Is Hafnia (OB:HAFNI) A Risky Investment?

Apr 22
Is Hafnia (OB:HAFNI) A Risky Investment?

The Market Doesn't Like What It Sees From Hafnia Limited's (OB:HAFNI) Earnings Yet As Shares Tumble 25%

Mar 05
The Market Doesn't Like What It Sees From Hafnia Limited's (OB:HAFNI) Earnings Yet As Shares Tumble 25%
User avatar

Relocating To Singapore Could Improve Shipping Efficiency, But Analysts Expect Earnings To Decline

Redomiciliation to Singapore strengthens Hafnia's strategic position and potentially enhances revenue through operational efficiencies.

Investors Shouldn't Overlook Hafnia's (OB:HAFNI) Impressive Returns On Capital

Jan 20
Investors Shouldn't Overlook Hafnia's (OB:HAFNI) Impressive Returns On Capital

Is Hafnia (OB:HAFNI) Using Too Much Debt?

Jan 03
Is Hafnia (OB:HAFNI) Using Too Much Debt?

Hafnia Limited's (OB:HAFNI) Earnings Are Not Doing Enough For Some Investors

Oct 28
Hafnia Limited's (OB:HAFNI) Earnings Are Not Doing Enough For Some Investors

Investors Should Be Encouraged By Hafnia's (OB:HAFNI) Returns On Capital

Oct 07
Investors Should Be Encouraged By Hafnia's (OB:HAFNI) Returns On Capital

We Think Shareholders Will Probably Be Generous With Hafnia Limited's (OB:HAFNI) CEO Compensation

Jul 04
We Think Shareholders Will Probably Be Generous With Hafnia Limited's (OB:HAFNI) CEO Compensation

Hafnia Limited's (OB:HAFNI) Share Price Is Matching Sentiment Around Its Earnings

Jun 21
Hafnia Limited's (OB:HAFNI) Share Price Is Matching Sentiment Around Its Earnings

Why The 24% Return On Capital At Hafnia (OB:HAFNI) Should Have Your Attention

May 31
Why The 24% Return On Capital At Hafnia (OB:HAFNI) Should Have Your Attention

Concerns Surrounding Hafnia's (OB:HAFNI) Performance

Mar 13
Concerns Surrounding Hafnia's (OB:HAFNI) Performance

Is Hafnia (OB:HAFNI) Using Too Much Debt?

Feb 23
Is Hafnia (OB:HAFNI) Using Too Much Debt?

Insufficient Growth At Hafnia Limited (OB:HAFNI) Hampers Share Price

Feb 05
Insufficient Growth At Hafnia Limited (OB:HAFNI) Hampers Share Price

Here's Why We Think Hafnia (OB:HAFNI) Might Deserve Your Attention Today

Jan 18
Here's Why We Think Hafnia (OB:HAFNI) Might Deserve Your Attention Today

Returns On Capital Are A Standout For Hafnia (OB:HAFNI)

Dec 31
Returns On Capital Are A Standout For Hafnia (OB:HAFNI)

These 4 Measures Indicate That Hafnia (OB:HAFNI) Is Using Debt Safely

Nov 06
These 4 Measures Indicate That Hafnia (OB:HAFNI) Is Using Debt Safely

Investors Should Be Encouraged By Hafnia's (OB:HAFNI) Returns On Capital

Sep 28
Investors Should Be Encouraged By Hafnia's (OB:HAFNI) Returns On Capital

Is Hafnia Limited (OB:HAFNI) Trading At A 31% Discount?

Aug 23
Is Hafnia Limited (OB:HAFNI) Trading At A 31% Discount?

Hafnia (OB:HAFNI) Has A Rock Solid Balance Sheet

Aug 05
Hafnia (OB:HAFNI) Has A Rock Solid Balance Sheet

Hafnia (OB:HAFNI) Is Very Good At Capital Allocation

Jun 12
Hafnia (OB:HAFNI) Is Very Good At Capital Allocation

Some Hafnia Limited (OB:HAFNI) Analysts Just Made A Major Cut To Next Year's Estimates

May 20
Some Hafnia Limited (OB:HAFNI) Analysts Just Made A Major Cut To Next Year's Estimates

Hafnia Limited (OB:HAFNI) Shares Could Be 50% Below Their Intrinsic Value Estimate

May 16
Hafnia Limited (OB:HAFNI) Shares Could Be 50% Below Their Intrinsic Value Estimate

New Forecasts: Here's What Analysts Think The Future Holds For Hafnia Limited (OB:HAFNI)

Apr 25
New Forecasts: Here's What Analysts Think The Future Holds For Hafnia Limited (OB:HAFNI)

Shareholder Returns

HAFNINO Oil and GasNO Market
7D6.2%5.5%1.3%
1Y-8.4%-8.0%4.9%

Return vs Industry: HAFNI underperformed the Norwegian Oil and Gas industry which returned -4.9% over the past year.

Return vs Market: HAFNI underperformed the Norwegian Market which returned 6.6% over the past year.

Price Volatility

Is HAFNI's price volatile compared to industry and market?
HAFNI volatility
HAFNI Average Weekly Movement4.6%
Oil and Gas Industry Average Movement4.7%
Market Average Movement4.5%
10% most volatile stocks in NO Market10.6%
10% least volatile stocks in NO Market2.4%

Stable Share Price: HAFNI has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: HAFNI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a4,959Mikael Opstun Skovhafnia.com

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 207 vessels.

Hafnia Limited Fundamentals Summary

How do Hafnia's earnings and revenue compare to its market cap?
HAFNI fundamental statistics
Market capNOK 31.05b
Earnings (TTM)NOK 4.34b
Revenue (TTM)NOK 23.58b
7.1x
P/E Ratio
1.3x
P/S Ratio

Is HAFNI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HAFNI income statement (TTM)
RevenueUS$2.35b
Cost of RevenueUS$1.63b
Gross ProfitUS$724.82m
Other ExpensesUS$291.03m
EarningsUS$433.79m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Dec 01, 2025

Earnings per share (EPS)0.87
Gross Margin30.78%
Net Profit Margin18.42%
Debt/Equity Ratio24.0%

How did HAFNI perform over the long term?

See historical performance and comparison

Dividends

18.6%
Current Dividend Yield
73%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/24 06:01
End of Day Share Price 2025/10/24 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hafnia Limited is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Gregory LewisBTIG
Hans Rettedal ChristiansenDanske Bank