View ValuationHafnia 将来の成長Future 基準チェック /06Hafniaの収益と利益は、それぞれ年間43.4%と23.4%減少すると予測されています。EPS は年間23.9%で 減少すると予想されています。自己資本利益率は 3 年後に11.8%になると予測されています。主要情報-23.4%収益成長率-23.87%EPS成長率Oil and Gas 収益成長11.2%収益成長率-43.4%将来の株主資本利益率11.79%アナリストカバレッジGood最終更新日24 Jun 2026今後の成長に関する最新情報Price Target Changed • Dec 11Price target increased by 18% to US$10.00Up from US$8.50, the current price target is an average from 3 analysts. New target price is 77% above last closing price of US$5.66. Stock is up 4.0% over the past year. The company is forecast to post earnings per share of US$0.70 for next year compared to US$1.52 last year.Price Target Changed • Sep 16Price target increased by 9.4% to US$8.75Up from US$8.00, the current price target is an average from 3 analysts. New target price is 38% above last closing price of US$6.33. Stock is down 18% over the past year. The company is forecast to post earnings per share of US$0.68 for next year compared to US$1.52 last year.Price Target Changed • Apr 23Price target decreased by 20% to US$8.00Down from US$10.00, the current price target is an average from 3 analysts. New target price is 82% above last closing price of US$4.39. Stock is down 42% over the past year. The company is forecast to post earnings per share of US$0.77 for next year compared to US$1.52 last year.Price Target Changed • Nov 17Price target decreased by 10.0% to US$9.00Down from US$10.00, the current price target is an average from 5 analysts. New target price is 71% above last closing price of US$5.27. Stock is down 19% over the past year. The company is forecast to post earnings per share of US$1.62 for next year compared to US$1.57 last year.すべての更新を表示Recent updatesSeeking Alpha • Jun 22Hafnia: Rates Are Exploding, And The Stock Still Trades Below NAVSummary Hafnia remains a compelling, undervalued play on the tanker market, trading at an 11% discount to NAV. Booming rates, tight market conditions, and disciplined fleet renewal have driven Q1 EPS up 176.9% YoY and DPS up 183.4% YoY. Q2 earnings and dividends are set to rise further, with 73% of earning days covered at $46,600/day and payout policy potentially moving to 90%. Strong balance sheet, a lucrative TORM stake, and high yield (potentially >20%) offer margin of safety despite cyclical risks. Read the full article on Seeking AlphaDeclared Dividend • May 29First quarter dividend increased to US$0.29Dividend of US$0.29 is 183% higher than last year. Ex-date: 4th June 2026 Payment date: 16th June 2026 Dividend yield will be 9.6%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 16% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 55% over the next 3 years. Since a fall of 34% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Reported Earnings • May 27First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: US$0.36 (up from US$0.13 in 1Q 2025). Revenue: US$671.2m (up 23% from 1Q 2025). Net income: US$179.7m (up 184% from 1Q 2025). Profit margin: 27% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) exceeded analyst estimates by 44%. Revenue is expected to decline by 47% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.New Risk • Apr 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (15% net profit margin). Significant insider selling over the past 3 months (US$8.9m sold).Reported Earnings • Apr 21Full year 2025 earnings released: EPS: US$0.68 (vs US$1.52 in FY 2024)Full year 2025 results: EPS: US$0.68 (down from US$1.52 in FY 2024). Revenue: US$2.28b (down 21% from FY 2024). Net income: US$339.7m (down 56% from FY 2024). Profit margin: 15% (down from 27% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 41% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.New Risk • Mar 04New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 44% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (15% net profit margin).New Risk • Mar 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (14% net profit margin).New Risk • Mar 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 29% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (14% net profit margin).Declared Dividend • Mar 01Fourth quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 6th March 2026 Payment date: 13th March 2026 Dividend yield will be 7.1%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (112% cash payout ratio). The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 19% over the next 3 years. However, it would need to fall by 28% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Feb 27Full year 2025 earnings releasedFull year 2025 results: Revenue: US$1.42b (down 50% from FY 2024). Net income: US$339.7m (down 56% from FY 2024). Profit margin: 24% (down from 27% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Feb 26Hafnia Limited Announces Cash Dividend for the Fourth Quarter of 2025, Payable on or About 18 March 2026Hafnia Limited announced cash dividend of USD 0.1762 per share for the fourth quarter of 2025, payable on or about 18 March 2026. Record date is 6 March 2026. Ex-date is 5 March 2026. Shares registered in the Depository Trust Company: Last trading day including right to dividends: 5 March 2026. Ex-date: 6 March 2026. Payment date: On or about 13 March 2026.お知らせ • Dec 24Hafnia Limited (OB:HAFNI) completed the acquisition of 13.97% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates.Hafnia Limited (OB:HAFNI) enters into a preliminary agreement to acquire 14.45% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates for approximately $310 million on September 3, 2025. Hafnia Limited entered into a binding share purchase agreement to acquire 14.45% stake in TORM plc on September 11, 2025. A cash consideration valued at $22 per share will be paid by Hafnia Limited. The Announcement notes that completion of the Share Purchase is subject to entry into a definitive agreement and the fulfilment of customary conditions precedent, including among others, obtaining any required regulatory clearances and approvals, the satisfaction of certain covenants, The appointment of a new independent board chairman of TORM and approval of the Transaction by the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica – CADE) in Brazil. As of December 18, 2025, all conditions precedent required for the completion of Hafnia’s acquisition of approximately 14.1 million A-shares in TORM plc have been satisfied. Since September 11, 2025, TORM has announced to have increased its issued share capital by 3,380,278 new A-shares. Consequently, Hafnia’s acquisition of approximately 14.1 million A-shares will represent approximately 13.97% of TORM’s issued share capital as per the date hereof. Upon completion, Hafnia will hold approximately 13.97% of the issued share capital of TORM. Completion of the acquisition is expected to take place shortly. Dan Schuster-Woldan, Matthew Hearn, Ross Ferguson, Christopher J. Cummings, Deeksha Rathi of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Oaktree Capital Management, L.P., and its affiliates in the sale of stake in TORM. Henrik Laursen, Janus Jepsen, Peter E. Stassen, Lise Aaby Nielsen, Lynge Daugaard Jensen of Plesner Advokatpartnerselskab acted as legal advisor to Hafnia Limited. Hafnia Limited (OB:HAFNI) completed the acquisition of 13.97% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates on December 22, 2025.お知らせ • Dec 19+ 5 more updatesHafnia Limited to Report Q4, 2026 Results on Feb 25, 2027Hafnia Limited announced that they will report Q4, 2026 results on Feb 25, 2027New Risk • Dec 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (112% cash payout ratio). Profit margins are more than 30% lower than last year (14% net profit margin).Price Target Changed • Dec 11Price target increased by 18% to US$10.00Up from US$8.50, the current price target is an average from 3 analysts. New target price is 77% above last closing price of US$5.66. Stock is up 4.0% over the past year. The company is forecast to post earnings per share of US$0.70 for next year compared to US$1.52 last year.Declared Dividend • Dec 03Third quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 9th December 2025 Payment date: 9th December 2025 Dividend yield will be 6.7%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (112% cash payout ratio). The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 7.8% over the next 2 years. However, it would need to fall by 28% to increase the payout ratio to a potentially unsustainable range.New Risk • Dec 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 18% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (18% net profit margin).New Risk • Dec 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 23% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Dec 01Hafnia Limited Announces Quarterly Dividend, Payable On, or About, 16 December 2025Hafnia Limited announced that it will pay a quarterly dividend of USD 0.1470 per share. The record date will be 9 December 2025. For shares registered in the Euronext VPS Oslo Stock Exchange, dividends will be distributed in NOK with an ex-dividend date of 8 December 2025 and a payment date on, or about, 19 December 2025. For shares registered in the Depository Trust Company, the ex-dividend date will be 9 December 2025, with a payment date on, or about, 16 December 2025.お知らせ • Sep 23Hafnia Limited(OB:HAFNI) dropped from Oslo OBX Total Return IndexHafnia Limited has been dropped from the Oslo OBX Total Return Index.Price Target Changed • Sep 16Price target increased by 9.4% to US$8.75Up from US$8.00, the current price target is an average from 3 analysts. New target price is 38% above last closing price of US$6.33. Stock is down 18% over the past year. The company is forecast to post earnings per share of US$0.68 for next year compared to US$1.52 last year.お知らせ • Sep 03Hafnia Limited (OB:HAFNI) enters into a preliminary agreement to acquire 14.45% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates for approximately $310 million.Hafnia Limited (OB:HAFNI) enters into a preliminary agreement to acquire 14.45% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates for approximately $310 million on September 3, 2025. A cash consideration valued at $22 per share will be paid by Hafnia Limited. The Announcement notes that completion of the Share Purchase is subject to entry into a definitive agreement and the fulfilment of customary conditions precedent, including among others, obtaining any required regulatory clearances and approvals, the satisfaction of certain covenants and the appointment of a new independent board chairman of TORM.Declared Dividend • Aug 31Second quarter dividend of US$0.12 announcedShareholders will receive a dividend of US$0.12. Ex-date: 4th September 2025 Payment date: 10th September 2025 Dividend yield will be 10%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 28% over the next 3 years. Since a fall of 18% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.New Risk • Aug 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 18% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (18% net profit margin).Reported Earnings • Aug 27Second quarter 2025 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2025 results: EPS: US$0.15 (down from US$0.51 in 2Q 2024). Revenue: US$346.6m (down 58% from 2Q 2024). Net income: US$75.3m (down 71% from 2Q 2024). Profit margin: 22% (down from 31% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 32% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 27Hafnia Limited Announces Second Quarter Cash Dividend for 2025, Payable on or About September 15, 2025Hafnia Limited on August 27, 2025 announced second quarter cash dividend. The company announced dividend of USD 0.1210 per share, Date of approval: August 26, 2025, Record date: September 4, 2025. Dividends payable to shares registered in the Euronext VPS will be distributed in NOK, with the conversion from USD to NOK taking place two business days prior to the payment date to shareholders in VPS. Shares registered in the Euronext VPS Oslo Stock Exchange: Last trading day including right to dividends: September 2, 2025, Ex-date: September 3, 2025, Payment date: On or about September 15, 2025. Shares registered in the Depository Trust Company: Last trading day including right to dividends: September 3, 2025, Ex-date: September 4, 2025, Payment date: On or about September 10, 2025.New Risk • Jun 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Recent Insider Transactions • May 27Chief Financial Officer recently sold US$517k worth of stockOn the 23rd of May, Perry Van Echtelt sold around 100k shares on-market at roughly US$5.17 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Perry has been a net seller over the last 12 months, reducing personal holdings by US$669k.Declared Dividend • May 19First quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 23rd May 2025 Payment date: 4th June 2025 Dividend yield will be 17%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 38% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 53% over the next 3 years. Since a fall of 17% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.New Risk • May 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 17% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • May 15Hafnia Limited Announces First Quarter 2025 Cash Dividend, Payable on or about June 4, 2025Hafnia Limited on May 15, 2025 announcing the Company's first quarter 2025 cash dividend of USD 0.1015 per share. Record date: May 23, 2025. Shares registered in the Euronext VPS Oslo Stock Exchange: Last trading day including right to dividends: May 21, 2025, Ex-date: May 22, 2025, Payment date: On or about June 4, 2025. Shares registered in the Depository Trust Company: Last trading day including right to dividends: May 22, 2025, Ex-date: May 23, 2025, Payment date: On or about May 30, 2025.お知らせ • May 14Hafnia Limited Announces Board and Committee AppointmentsHafnia Limited announced that the 2025 Annual General Meeting was held on 14 May 2025 and appointed Ms. Emily Tan as a Director of the Company. Appointed Ms. Alicia Yik Jie Ting as a member of the Nomination Committee and Ms. Elaine Yew Wen Suen as Chair of the Nomination Committee.Reported Earnings • May 04Full year 2024 earnings released: EPS: US$1.52 (vs US$1.57 in FY 2023)Full year 2024 results: EPS: US$1.52 (down from US$1.57 in FY 2023). Revenue: US$2.87b (up 7.4% from FY 2023). Net income: US$774.0m (down 2.4% from FY 2023). Profit margin: 27% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 60% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.1%.Price Target Changed • Apr 23Price target decreased by 20% to US$8.00Down from US$10.00, the current price target is an average from 3 analysts. New target price is 82% above last closing price of US$4.39. Stock is down 42% over the past year. The company is forecast to post earnings per share of US$0.77 for next year compared to US$1.52 last year.Seeking Alpha • Apr 14Hafnia Is Dirt Cheap With Insiders Buying AggressivelySummary Hafnia is trading at a dirt cheap valuation, with a price-to-Earnings (forward) multiple of ~4.82x and a price-to-NAV ratio of 0.52x. Management has shifted focus to share repurchases over dividends, given that the stock is trading at a discount to its NAV. Insider buying by BW Group, HAFN's largest shareholder, indicates strong confidence in the stock's undervaluation and future prospects. Risks include increasing vessel supply and tariff uncertainties, but the risk-reward profile remains favorable, leading to a buy rating. Read the full article on Seeking AlphaValuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$4.21, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 34% over the past year.お知らせ • Mar 19Hafnia Limited Announces Stepping Down of Erik Bartnes from the Board, Effective 14 May 2025Hafnia Limited announced Non-executive director Erik Bartnes will be stepping down from the board effective from the annual general meeting (AGM) on 14 May 2025. The nomination committee will be putting forward a new candidate for the board before the AGM.Seeking Alpha • Mar 03Hafnia: Variable Dividend Drives Irrationality, Buying OpportunitySummary HAFN's stock price has declined 20% since Q4 earnings were released, despite generating an annualized 12% cash yield for shareholders after accounting for share repurchases executed during the quarter. Rates have improved marginally in Q1 with 67% of the quarter already booked. Geopolitical risks come from multiple sources but I believe are largely constructive. I do not see shipping routes returning to "normal". HAFN generated an annualized FCF yield of 19% in Q4 and is now significantly cheaper than peers on a Price to FCF basis. I rate HAFN as a BUY. Read the full article on Seeking AlphaDeclared Dividend • Mar 02Fourth quarter dividend of US$0.029 announcedShareholders will receive a dividend of US$0.029. Ex-date: 7th March 2025 Payment date: 18th March 2025 Dividend yield will be 29%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 34% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 57% over the next 3 years. Since a fall of 11% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Reported Earnings • Feb 28Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: US$1.52 (down from US$1.57 in FY 2023). Revenue: US$2.87b (up 7.4% from FY 2023). Net income: US$774.0m (down 2.4% from FY 2023). Profit margin: 27% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 6.7%. Revenue is expected to decline by 57% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 4.1%.Valuation Update With 7 Day Price Move • Feb 27Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$4.21, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Oil and Gas industry in the US. Total loss to shareholders of 31% over the past year.お知らせ • Feb 27Hafnia Limited Declares Dividend for the Fourth Quarter 2024, Payable on or About March 18, 2025Hafnia Limited announced dividend of USD 0.0294 per share for the fourth quarter of 2024. Shares registered in the Euronext VPS Oslo Stock Exchange: Last trading day including right to dividends: March 4, 2025, Ex-date: March 6, 2025, Payment date: On or about March 18, 2025. Shares registered in the Depository Trust Company: Last trading day including right to dividends: March 6, 2025. Ex-date: March 7, 2025. Payment date: On or about March 13, 2025. Date of approval: February 26, 2025. Record date: March 7, 2025.Valuation Update With 7 Day Price Move • Jan 21Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$5.10, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Oil and Gas industry in the US. Total loss to shareholders of 15% over the past year.Seeking Alpha • Jan 13Hafnia Limited: Not Just A Dividend Paying MachineSummary Hafnia Limited, a market leader in refined petroleum transport, boasts over 200 specialized tankers and a strong dividend payment program. The company controls around 6% of global capacity, with 115 tankers fully owned and the rest in sector pools. The current supply-demand gap in tanker production enhances Hafnia's growth prospects, making it a compelling buy opportunity. Hafnia's comprehensive shipping platform includes technical and commercial management, positioning it well in the refined petroleum transport market. Read the full article on Seeking Alphaお知らせ • Dec 24Hafnia Limited, Annual General Meeting, May 14, 2025Hafnia Limited, Annual General Meeting, May 14, 2025.お知らせ • Dec 23+ 5 more updatesHafnia Limited to Report Q1, 2025 Results on May 15, 2025Hafnia Limited announced that they will report Q1, 2025 results on May 15, 2025Declared Dividend • Nov 29Third quarter dividend of US$0.38 announcedShareholders will receive a dividend of US$0.38. Ex-date: 6th December 2024 Payment date: 17th December 2024 Dividend yield will be 24%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 34% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 45% over the next 2 years. Since a fall of 11% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Seeking Alpha • Nov 29Why Hafnia's Valuation Looks Too Good To IgnoreSummary Hafnia Limited has faced a challenging year but reported record-breaking net profits and a significant revenue increase, suggesting potential for a stock price turnaround. The company’s generous dividend payout and a $100 million share buyback program highlight its commitment to rewarding shareholders as financial leverage improves. Hafnia’s fleet upgrade strategy and favorable market conditions, including refinery dislocations and geopolitical factors, are expected to enhance operational efficiency and profitability. Despite recent challenges, Hafnia is undervalued with strong growth prospects, making it a solid “Buy” due to its robust financial performance and attractive valuation metrics. Read the full article on Seeking AlphaReported Earnings • Nov 29Third quarter 2024 earnings released: EPS: US$0.42 (vs US$0.29 in 3Q 2023)Third quarter 2024 results: EPS: US$0.42 (up from US$0.29 in 3Q 2023). Revenue: US$719.7m (up 11% from 3Q 2023). Net income: US$215.6m (up 47% from 3Q 2023). Profit margin: 30% (up from 23% in 3Q 2023). Revenue is expected to decline by 37% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.4%.お知らせ • Nov 28Hafnia Limited (OB:HAFNI) announces an Equity Buyback for NOK 100 million worth of its shares.Hafnia Limited (OB:HAFNI) announces a share repurchase program. Under the program, the company will repurchase shares for up to $100 million worth of its shares. The amount utilized for this program will be deducted before declaring dividends for Q4 2024. The authority shall expire on January 27, 2025.お知らせ • Nov 27Hafnia Limited Declares Dividend for the Third Quarter 2024, Payable on or About December 12, 2024Hafnia Limited announced dividend of USD 0.3790 per share for the third quarter of 2024. Shares registered in the Euronext VPS Oslo Stock Exchange: Last trading day including right to dividends: December 4, 2024, Ex-date: December 5, 2024, Payment date: On or about December 17, 2024. Shares registered in the Depository Trust Company: Last trading day including right to dividends: December 5, 2024. Ex-date: December 6, 2024. Payment date: On or about December 12, 2024.Price Target Changed • Nov 17Price target decreased by 10.0% to US$9.00Down from US$10.00, the current price target is an average from 5 analysts. New target price is 71% above last closing price of US$5.27. Stock is down 19% over the past year. The company is forecast to post earnings per share of US$1.62 for next year compared to US$1.57 last year.Declared Dividend • Aug 28Second quarter dividend of US$0.40 announcedShareholders will receive a dividend of US$0.40. Ex-date: 3rd September 2024 Payment date: 13th September 2024 Dividend yield will be 15%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 34% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 43% over the next 3 years. Since a fall of 16% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Seeking Alpha • Aug 28Hafnia Tankers: Strong Fundamentals, Changing Trade Patterns Look FavorableSummary Hafnia Tankers Limited, part of BW Group, operates the world's largest fleet of product tankers, showing strong financial performance with a net profit of $478.8 million in FH 2024. The bullish outlook on the product tanker market is supported by favorable supply-demand dynamics, increased seaborne clean product export demand, and reduced global refining capacity. Hafnia's share price has lagged behind peers like Torm and Scorpio Tankers, but its valuation remains comparable, with a strong dividend policy linked to a low LTV ratio. Despite potential risks from newbuildings and geopolitical changes, the market conditions are expected to remain stable, leading to a Buy rating for Hafnia. Read the full article on Seeking AlphaReported Earnings • Aug 25Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: US$563.1m (up 17% from 2Q 2023). Net income: US$259.2m (up 22% from 2Q 2023). Profit margin: 46% (up from 44% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 32% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.0%.お知らせ • Aug 23Hafnia Limited Announces Dividend for the Second Quarter of 2024, on or About 10 September 2024Hafnia Limited announced dividend of USD 0.4049 per share for the second quarter of 2024. Shares registered in the Euronext VPS Oslo Stock Exchange: Last trading day including right to dividends: 30 August 2024, Ex-date: 2 September 2024, Payment date: On or about 13 September 2024. Shares registered in the Depository Trust Company: Last trading day including right to dividends: 30 August 2024. Ex-date: 3 September 2024. Payment date: On or about 10 September 2024.Recent Insider Transactions • Jul 07Chief Executive Officer recently sold US$8.3m worth of stockOn the 3rd of July, Mikael Opstun Skov sold around 1m shares on-market at roughly US$8.33 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mikael's only on-market trade for the last 12 months.Declared Dividend • May 19First quarter dividend increased to US$0.34Dividend of US$0.34 is 13% higher than last year. Ex-date: 22nd May 2024 Payment date: 3rd June 2024 Dividend yield will be 12%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 45% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to decline by 38% over the next 3 years. Since a fall of 22% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Reported Earnings • May 16First quarter 2024 earnings released: EPS: US$0.43 (vs US$0.51 in 1Q 2023)First quarter 2024 results: EPS: US$0.43 (down from US$0.51 in 1Q 2023). Revenue: US$784.9m (up 31% from 1Q 2023). Net income: US$219.6m (down 14% from 1Q 2023). Profit margin: 28% (down from 43% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 32% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.3%.お知らせ • May 16Hafnia Limited Announces Dividend for the First Quarter of 2024, Payable on or About 29 May 2024Hafnia Limited announced dividend of USD 0.3443 per share for the first quarter of 2024. Ex-date: 22 May 2024. Record date: 23 May 2024. Payment date: On or about 29 May 2024 for shares registered in the Depository Trust Company in the United States. Dividends payable to shares registered in Euronext Securities Oslo (VPS) will be distributed on or about 3 Jun 2024. Date of approval: 14 May 2024.Recent Insider Transactions • Apr 17Chief Financial Officer recently sold US$1.9m worth of stockOn the 11th of April, Perry Van Echtelt sold around 250k shares on-market at roughly US$7.42 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Perry's only on-market trade for the last 12 months.お知らせ • Apr 10Hafnia Limited Increases Quarterly Dividend Payout RatioHafnia Limited announced that its Board of Directors has approved an increase in the dividend payout ratio, which shall be effective April 9, 2024. Under the revised dividend policy, Hafnia will increase its payout ratio from the previous 70%, to 80%, when the net loan-to-value is above 20% but equal to or below 30%. Furthermore, as the net loan-to-value is equal to or below 20%, the payout ratio will be further elevated to 90% from the previous 80%.お知らせ • Mar 05Hafnia Limited Announces Cash Dividend for the Fourth Quarter 2023, Payable on 19 March 2024Hafnia Limited announced cash dividend of USD 0.2431 per share for the fourth quarter 2023. Ex-date is 11 March 2024. Record date is 12 March 2024. Payment date is 19 March 2024.お知らせ • Feb 24Hafnia Limited to Report Q4, 2023 Results on Mar 05, 2024Hafnia Limited announced that they will report Q4, 2023 results on Mar 05, 2024お知らせ • Dec 30+ 4 more updatesHafnia Limited to Report Fiscal Year 2024 Results on Feb 27, 2025Hafnia Limited announced that they will report fiscal year 2024 results on Feb 27, 2025お知らせ • Nov 18Hafnia Limited Announces Cash Dividend for the Third Quarter of 2023, Payable on 04 December 2023Hafnia Limited announced cash dividend of USD 0.2032 per share for the third quarter of 2023. The dividend is payable on 04 December 2023 with Ex-date of 23 November 2023 and Record date of 24 November 2023.お知らせ • Nov 07Hafnia Limited Appoints Ms. Su Yin Anand as DirectorHafnia Limited at Special General Meeting on 6 November 2023 approved the appointment of Ms. Su Yin Anand as Director .お知らせ • Aug 25Hafnia Limited Announces Cash Dividend for the Second Quarter of 2023, Payable on September 12, 2023Hafnia Limited announced that the company's second quarter cash dividend. Key information relating to the cash dividend paid by the Company for the second quarter 2023: Dividend amount: USD 0.2528 per share. Last day including right to dividends: 30 August 2023. Ex-date: 31 August 2023. Record date: 01 September 2023. Payment date: 12 September 2023.お知らせ • May 20Hafnia Limited Announces Cash Dividend for the First Quarter 2023, Payable on 6 June 2023Hafnia Limited on 19 May 2023 announcing the Company's first quarter results and cash dividend. Key information relating to the cash dividend paid by the Company for the first quarter 2023: Dividend amount: 0.3044 per share, Declared currency: USD, Last day including right to dividends: 24 May 2023, Ex-date: 25 May 2023, Record date: 26 May 2023 and Payment date: 06 June 2023.お知らせ • Feb 01Hafnia Limited Announces Resignation of Guillaume Philippe Gerry Bayol as Board of Director, Effective on February 1, 2023Board member Guillaume Philippe Gerry Bayol has informed the Board of Directors in Hafnia Limed that he will resign from the company's Board of Directors with effect from 1 February 2023. Mr. Bayol has served as a representative of funds managed by Oaktree Capital Management, L.P. (Oaktree) on the company's Board of Directors.お知らせ • Jan 02Hafnia Limited to Report Q3, 2023 Results on Nov 11, 2023Hafnia Limited announced that they will report Q3, 2023 results on Nov 11, 2023お知らせ • Jan 01+ 4 more updatesHafnia Limited to Report Q1, 2023 Results on May 19, 2023Hafnia Limited announced that they will report Q1, 2023 results on May 19, 2023業績と収益の成長予測NYSE:HAFN - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2028801268173412312/31/2027877359494480412/31/20261,26473289380433/31/20262,405456454593N/A12/31/20252,282340457603N/A9/30/20252,222310515640N/A6/30/20252,355434717806N/A3/31/20252,632618858919N/A12/31/20242,8697749811,030N/A9/30/20243,0398719391,021N/A6/30/20242,9708029531,070N/A3/31/20242,840756758955N/A12/31/20232,6727938761,061N/A9/30/20232,6378811,0991,241N/A6/30/20232,5091,0141,0451,155N/A3/31/20232,2769878661,096N/A12/31/20221,927752324771N/A9/30/20221,502480N/AN/AN/A6/30/20221,169179-253188N/A3/31/2022899-19-132105N/A12/31/2021811-5579106N/A9/30/2021738-74N/AN/AN/A6/30/2021714-53160209N/A3/31/202178556286335N/A12/31/2020874149350398N/A9/30/2020927218318431N/A6/30/2020950207186377N/A3/31/202088212155279N/A12/31/201982872N/A243N/A12/31/2018368-20N/A60N/A12/31/20173463N/A81N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: HAFNの収益は今後 3 年間で減少すると予測されています (年間-23.4% )。収益対市場: HAFNの収益は今後 3 年間で減少すると予測されています (年間-23.4% )。高成長収益: HAFNの収益は今後 3 年間で減少すると予測されています。収益対市場: HAFNの収益は今後 3 年間で減少すると予想されています (年間-43.4% )。高い収益成長: HAFNの収益は今後 3 年間で減少すると予測されています (年間-43.4% )。一株当たり利益成長率予想将来の株主資本利益率将来のROE: HAFNの 自己資本利益率 は、3年後には低くなると予測されています ( 11.8 %)。成長企業の発掘7D1Y7D1Y7D1YEnergy 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/29 18:16終値2026/06/26 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Hafnia Limited 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。8 アナリスト機関null nullABG Sundal CollierGregory LewisBTIGBendik NyttingnesDanske Bank5 その他のアナリストを表示
Price Target Changed • Dec 11Price target increased by 18% to US$10.00Up from US$8.50, the current price target is an average from 3 analysts. New target price is 77% above last closing price of US$5.66. Stock is up 4.0% over the past year. The company is forecast to post earnings per share of US$0.70 for next year compared to US$1.52 last year.
Price Target Changed • Sep 16Price target increased by 9.4% to US$8.75Up from US$8.00, the current price target is an average from 3 analysts. New target price is 38% above last closing price of US$6.33. Stock is down 18% over the past year. The company is forecast to post earnings per share of US$0.68 for next year compared to US$1.52 last year.
Price Target Changed • Apr 23Price target decreased by 20% to US$8.00Down from US$10.00, the current price target is an average from 3 analysts. New target price is 82% above last closing price of US$4.39. Stock is down 42% over the past year. The company is forecast to post earnings per share of US$0.77 for next year compared to US$1.52 last year.
Price Target Changed • Nov 17Price target decreased by 10.0% to US$9.00Down from US$10.00, the current price target is an average from 5 analysts. New target price is 71% above last closing price of US$5.27. Stock is down 19% over the past year. The company is forecast to post earnings per share of US$1.62 for next year compared to US$1.57 last year.
Seeking Alpha • Jun 22Hafnia: Rates Are Exploding, And The Stock Still Trades Below NAVSummary Hafnia remains a compelling, undervalued play on the tanker market, trading at an 11% discount to NAV. Booming rates, tight market conditions, and disciplined fleet renewal have driven Q1 EPS up 176.9% YoY and DPS up 183.4% YoY. Q2 earnings and dividends are set to rise further, with 73% of earning days covered at $46,600/day and payout policy potentially moving to 90%. Strong balance sheet, a lucrative TORM stake, and high yield (potentially >20%) offer margin of safety despite cyclical risks. Read the full article on Seeking Alpha
Declared Dividend • May 29First quarter dividend increased to US$0.29Dividend of US$0.29 is 183% higher than last year. Ex-date: 4th June 2026 Payment date: 16th June 2026 Dividend yield will be 9.6%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 16% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 55% over the next 3 years. Since a fall of 34% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Reported Earnings • May 27First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: US$0.36 (up from US$0.13 in 1Q 2025). Revenue: US$671.2m (up 23% from 1Q 2025). Net income: US$179.7m (up 184% from 1Q 2025). Profit margin: 27% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) exceeded analyst estimates by 44%. Revenue is expected to decline by 47% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
New Risk • Apr 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (15% net profit margin). Significant insider selling over the past 3 months (US$8.9m sold).
Reported Earnings • Apr 21Full year 2025 earnings released: EPS: US$0.68 (vs US$1.52 in FY 2024)Full year 2025 results: EPS: US$0.68 (down from US$1.52 in FY 2024). Revenue: US$2.28b (down 21% from FY 2024). Net income: US$339.7m (down 56% from FY 2024). Profit margin: 15% (down from 27% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 41% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
New Risk • Mar 04New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 44% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (15% net profit margin).
New Risk • Mar 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (14% net profit margin).
New Risk • Mar 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 29% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (14% net profit margin).
Declared Dividend • Mar 01Fourth quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 6th March 2026 Payment date: 13th March 2026 Dividend yield will be 7.1%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (112% cash payout ratio). The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 19% over the next 3 years. However, it would need to fall by 28% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Feb 27Full year 2025 earnings releasedFull year 2025 results: Revenue: US$1.42b (down 50% from FY 2024). Net income: US$339.7m (down 56% from FY 2024). Profit margin: 24% (down from 27% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Feb 26Hafnia Limited Announces Cash Dividend for the Fourth Quarter of 2025, Payable on or About 18 March 2026Hafnia Limited announced cash dividend of USD 0.1762 per share for the fourth quarter of 2025, payable on or about 18 March 2026. Record date is 6 March 2026. Ex-date is 5 March 2026. Shares registered in the Depository Trust Company: Last trading day including right to dividends: 5 March 2026. Ex-date: 6 March 2026. Payment date: On or about 13 March 2026.
お知らせ • Dec 24Hafnia Limited (OB:HAFNI) completed the acquisition of 13.97% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates.Hafnia Limited (OB:HAFNI) enters into a preliminary agreement to acquire 14.45% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates for approximately $310 million on September 3, 2025. Hafnia Limited entered into a binding share purchase agreement to acquire 14.45% stake in TORM plc on September 11, 2025. A cash consideration valued at $22 per share will be paid by Hafnia Limited. The Announcement notes that completion of the Share Purchase is subject to entry into a definitive agreement and the fulfilment of customary conditions precedent, including among others, obtaining any required regulatory clearances and approvals, the satisfaction of certain covenants, The appointment of a new independent board chairman of TORM and approval of the Transaction by the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica – CADE) in Brazil. As of December 18, 2025, all conditions precedent required for the completion of Hafnia’s acquisition of approximately 14.1 million A-shares in TORM plc have been satisfied. Since September 11, 2025, TORM has announced to have increased its issued share capital by 3,380,278 new A-shares. Consequently, Hafnia’s acquisition of approximately 14.1 million A-shares will represent approximately 13.97% of TORM’s issued share capital as per the date hereof. Upon completion, Hafnia will hold approximately 13.97% of the issued share capital of TORM. Completion of the acquisition is expected to take place shortly. Dan Schuster-Woldan, Matthew Hearn, Ross Ferguson, Christopher J. Cummings, Deeksha Rathi of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Oaktree Capital Management, L.P., and its affiliates in the sale of stake in TORM. Henrik Laursen, Janus Jepsen, Peter E. Stassen, Lise Aaby Nielsen, Lynge Daugaard Jensen of Plesner Advokatpartnerselskab acted as legal advisor to Hafnia Limited. Hafnia Limited (OB:HAFNI) completed the acquisition of 13.97% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates on December 22, 2025.
お知らせ • Dec 19+ 5 more updatesHafnia Limited to Report Q4, 2026 Results on Feb 25, 2027Hafnia Limited announced that they will report Q4, 2026 results on Feb 25, 2027
New Risk • Dec 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (112% cash payout ratio). Profit margins are more than 30% lower than last year (14% net profit margin).
Price Target Changed • Dec 11Price target increased by 18% to US$10.00Up from US$8.50, the current price target is an average from 3 analysts. New target price is 77% above last closing price of US$5.66. Stock is up 4.0% over the past year. The company is forecast to post earnings per share of US$0.70 for next year compared to US$1.52 last year.
Declared Dividend • Dec 03Third quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 9th December 2025 Payment date: 9th December 2025 Dividend yield will be 6.7%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (112% cash payout ratio). The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 7.8% over the next 2 years. However, it would need to fall by 28% to increase the payout ratio to a potentially unsustainable range.
New Risk • Dec 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 18% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (18% net profit margin).
New Risk • Dec 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 23% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Dec 01Hafnia Limited Announces Quarterly Dividend, Payable On, or About, 16 December 2025Hafnia Limited announced that it will pay a quarterly dividend of USD 0.1470 per share. The record date will be 9 December 2025. For shares registered in the Euronext VPS Oslo Stock Exchange, dividends will be distributed in NOK with an ex-dividend date of 8 December 2025 and a payment date on, or about, 19 December 2025. For shares registered in the Depository Trust Company, the ex-dividend date will be 9 December 2025, with a payment date on, or about, 16 December 2025.
お知らせ • Sep 23Hafnia Limited(OB:HAFNI) dropped from Oslo OBX Total Return IndexHafnia Limited has been dropped from the Oslo OBX Total Return Index.
Price Target Changed • Sep 16Price target increased by 9.4% to US$8.75Up from US$8.00, the current price target is an average from 3 analysts. New target price is 38% above last closing price of US$6.33. Stock is down 18% over the past year. The company is forecast to post earnings per share of US$0.68 for next year compared to US$1.52 last year.
お知らせ • Sep 03Hafnia Limited (OB:HAFNI) enters into a preliminary agreement to acquire 14.45% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates for approximately $310 million.Hafnia Limited (OB:HAFNI) enters into a preliminary agreement to acquire 14.45% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates for approximately $310 million on September 3, 2025. A cash consideration valued at $22 per share will be paid by Hafnia Limited. The Announcement notes that completion of the Share Purchase is subject to entry into a definitive agreement and the fulfilment of customary conditions precedent, including among others, obtaining any required regulatory clearances and approvals, the satisfaction of certain covenants and the appointment of a new independent board chairman of TORM.
Declared Dividend • Aug 31Second quarter dividend of US$0.12 announcedShareholders will receive a dividend of US$0.12. Ex-date: 4th September 2025 Payment date: 10th September 2025 Dividend yield will be 10%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 28% over the next 3 years. Since a fall of 18% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
New Risk • Aug 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 18% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (18% net profit margin).
Reported Earnings • Aug 27Second quarter 2025 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2025 results: EPS: US$0.15 (down from US$0.51 in 2Q 2024). Revenue: US$346.6m (down 58% from 2Q 2024). Net income: US$75.3m (down 71% from 2Q 2024). Profit margin: 22% (down from 31% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 32% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 27Hafnia Limited Announces Second Quarter Cash Dividend for 2025, Payable on or About September 15, 2025Hafnia Limited on August 27, 2025 announced second quarter cash dividend. The company announced dividend of USD 0.1210 per share, Date of approval: August 26, 2025, Record date: September 4, 2025. Dividends payable to shares registered in the Euronext VPS will be distributed in NOK, with the conversion from USD to NOK taking place two business days prior to the payment date to shareholders in VPS. Shares registered in the Euronext VPS Oslo Stock Exchange: Last trading day including right to dividends: September 2, 2025, Ex-date: September 3, 2025, Payment date: On or about September 15, 2025. Shares registered in the Depository Trust Company: Last trading day including right to dividends: September 3, 2025, Ex-date: September 4, 2025, Payment date: On or about September 10, 2025.
New Risk • Jun 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Recent Insider Transactions • May 27Chief Financial Officer recently sold US$517k worth of stockOn the 23rd of May, Perry Van Echtelt sold around 100k shares on-market at roughly US$5.17 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Perry has been a net seller over the last 12 months, reducing personal holdings by US$669k.
Declared Dividend • May 19First quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 23rd May 2025 Payment date: 4th June 2025 Dividend yield will be 17%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 38% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 53% over the next 3 years. Since a fall of 17% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
New Risk • May 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 17% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • May 15Hafnia Limited Announces First Quarter 2025 Cash Dividend, Payable on or about June 4, 2025Hafnia Limited on May 15, 2025 announcing the Company's first quarter 2025 cash dividend of USD 0.1015 per share. Record date: May 23, 2025. Shares registered in the Euronext VPS Oslo Stock Exchange: Last trading day including right to dividends: May 21, 2025, Ex-date: May 22, 2025, Payment date: On or about June 4, 2025. Shares registered in the Depository Trust Company: Last trading day including right to dividends: May 22, 2025, Ex-date: May 23, 2025, Payment date: On or about May 30, 2025.
お知らせ • May 14Hafnia Limited Announces Board and Committee AppointmentsHafnia Limited announced that the 2025 Annual General Meeting was held on 14 May 2025 and appointed Ms. Emily Tan as a Director of the Company. Appointed Ms. Alicia Yik Jie Ting as a member of the Nomination Committee and Ms. Elaine Yew Wen Suen as Chair of the Nomination Committee.
Reported Earnings • May 04Full year 2024 earnings released: EPS: US$1.52 (vs US$1.57 in FY 2023)Full year 2024 results: EPS: US$1.52 (down from US$1.57 in FY 2023). Revenue: US$2.87b (up 7.4% from FY 2023). Net income: US$774.0m (down 2.4% from FY 2023). Profit margin: 27% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 60% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.1%.
Price Target Changed • Apr 23Price target decreased by 20% to US$8.00Down from US$10.00, the current price target is an average from 3 analysts. New target price is 82% above last closing price of US$4.39. Stock is down 42% over the past year. The company is forecast to post earnings per share of US$0.77 for next year compared to US$1.52 last year.
Seeking Alpha • Apr 14Hafnia Is Dirt Cheap With Insiders Buying AggressivelySummary Hafnia is trading at a dirt cheap valuation, with a price-to-Earnings (forward) multiple of ~4.82x and a price-to-NAV ratio of 0.52x. Management has shifted focus to share repurchases over dividends, given that the stock is trading at a discount to its NAV. Insider buying by BW Group, HAFN's largest shareholder, indicates strong confidence in the stock's undervaluation and future prospects. Risks include increasing vessel supply and tariff uncertainties, but the risk-reward profile remains favorable, leading to a buy rating. Read the full article on Seeking Alpha
Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$4.21, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 34% over the past year.
お知らせ • Mar 19Hafnia Limited Announces Stepping Down of Erik Bartnes from the Board, Effective 14 May 2025Hafnia Limited announced Non-executive director Erik Bartnes will be stepping down from the board effective from the annual general meeting (AGM) on 14 May 2025. The nomination committee will be putting forward a new candidate for the board before the AGM.
Seeking Alpha • Mar 03Hafnia: Variable Dividend Drives Irrationality, Buying OpportunitySummary HAFN's stock price has declined 20% since Q4 earnings were released, despite generating an annualized 12% cash yield for shareholders after accounting for share repurchases executed during the quarter. Rates have improved marginally in Q1 with 67% of the quarter already booked. Geopolitical risks come from multiple sources but I believe are largely constructive. I do not see shipping routes returning to "normal". HAFN generated an annualized FCF yield of 19% in Q4 and is now significantly cheaper than peers on a Price to FCF basis. I rate HAFN as a BUY. Read the full article on Seeking Alpha
Declared Dividend • Mar 02Fourth quarter dividend of US$0.029 announcedShareholders will receive a dividend of US$0.029. Ex-date: 7th March 2025 Payment date: 18th March 2025 Dividend yield will be 29%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 34% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 57% over the next 3 years. Since a fall of 11% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Reported Earnings • Feb 28Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: US$1.52 (down from US$1.57 in FY 2023). Revenue: US$2.87b (up 7.4% from FY 2023). Net income: US$774.0m (down 2.4% from FY 2023). Profit margin: 27% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 6.7%. Revenue is expected to decline by 57% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 4.1%.
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$4.21, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Oil and Gas industry in the US. Total loss to shareholders of 31% over the past year.
お知らせ • Feb 27Hafnia Limited Declares Dividend for the Fourth Quarter 2024, Payable on or About March 18, 2025Hafnia Limited announced dividend of USD 0.0294 per share for the fourth quarter of 2024. Shares registered in the Euronext VPS Oslo Stock Exchange: Last trading day including right to dividends: March 4, 2025, Ex-date: March 6, 2025, Payment date: On or about March 18, 2025. Shares registered in the Depository Trust Company: Last trading day including right to dividends: March 6, 2025. Ex-date: March 7, 2025. Payment date: On or about March 13, 2025. Date of approval: February 26, 2025. Record date: March 7, 2025.
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$5.10, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Oil and Gas industry in the US. Total loss to shareholders of 15% over the past year.
Seeking Alpha • Jan 13Hafnia Limited: Not Just A Dividend Paying MachineSummary Hafnia Limited, a market leader in refined petroleum transport, boasts over 200 specialized tankers and a strong dividend payment program. The company controls around 6% of global capacity, with 115 tankers fully owned and the rest in sector pools. The current supply-demand gap in tanker production enhances Hafnia's growth prospects, making it a compelling buy opportunity. Hafnia's comprehensive shipping platform includes technical and commercial management, positioning it well in the refined petroleum transport market. Read the full article on Seeking Alpha
お知らせ • Dec 24Hafnia Limited, Annual General Meeting, May 14, 2025Hafnia Limited, Annual General Meeting, May 14, 2025.
お知らせ • Dec 23+ 5 more updatesHafnia Limited to Report Q1, 2025 Results on May 15, 2025Hafnia Limited announced that they will report Q1, 2025 results on May 15, 2025
Declared Dividend • Nov 29Third quarter dividend of US$0.38 announcedShareholders will receive a dividend of US$0.38. Ex-date: 6th December 2024 Payment date: 17th December 2024 Dividend yield will be 24%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 34% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 45% over the next 2 years. Since a fall of 11% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Seeking Alpha • Nov 29Why Hafnia's Valuation Looks Too Good To IgnoreSummary Hafnia Limited has faced a challenging year but reported record-breaking net profits and a significant revenue increase, suggesting potential for a stock price turnaround. The company’s generous dividend payout and a $100 million share buyback program highlight its commitment to rewarding shareholders as financial leverage improves. Hafnia’s fleet upgrade strategy and favorable market conditions, including refinery dislocations and geopolitical factors, are expected to enhance operational efficiency and profitability. Despite recent challenges, Hafnia is undervalued with strong growth prospects, making it a solid “Buy” due to its robust financial performance and attractive valuation metrics. Read the full article on Seeking Alpha
Reported Earnings • Nov 29Third quarter 2024 earnings released: EPS: US$0.42 (vs US$0.29 in 3Q 2023)Third quarter 2024 results: EPS: US$0.42 (up from US$0.29 in 3Q 2023). Revenue: US$719.7m (up 11% from 3Q 2023). Net income: US$215.6m (up 47% from 3Q 2023). Profit margin: 30% (up from 23% in 3Q 2023). Revenue is expected to decline by 37% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.4%.
お知らせ • Nov 28Hafnia Limited (OB:HAFNI) announces an Equity Buyback for NOK 100 million worth of its shares.Hafnia Limited (OB:HAFNI) announces a share repurchase program. Under the program, the company will repurchase shares for up to $100 million worth of its shares. The amount utilized for this program will be deducted before declaring dividends for Q4 2024. The authority shall expire on January 27, 2025.
お知らせ • Nov 27Hafnia Limited Declares Dividend for the Third Quarter 2024, Payable on or About December 12, 2024Hafnia Limited announced dividend of USD 0.3790 per share for the third quarter of 2024. Shares registered in the Euronext VPS Oslo Stock Exchange: Last trading day including right to dividends: December 4, 2024, Ex-date: December 5, 2024, Payment date: On or about December 17, 2024. Shares registered in the Depository Trust Company: Last trading day including right to dividends: December 5, 2024. Ex-date: December 6, 2024. Payment date: On or about December 12, 2024.
Price Target Changed • Nov 17Price target decreased by 10.0% to US$9.00Down from US$10.00, the current price target is an average from 5 analysts. New target price is 71% above last closing price of US$5.27. Stock is down 19% over the past year. The company is forecast to post earnings per share of US$1.62 for next year compared to US$1.57 last year.
Declared Dividend • Aug 28Second quarter dividend of US$0.40 announcedShareholders will receive a dividend of US$0.40. Ex-date: 3rd September 2024 Payment date: 13th September 2024 Dividend yield will be 15%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 34% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 43% over the next 3 years. Since a fall of 16% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Seeking Alpha • Aug 28Hafnia Tankers: Strong Fundamentals, Changing Trade Patterns Look FavorableSummary Hafnia Tankers Limited, part of BW Group, operates the world's largest fleet of product tankers, showing strong financial performance with a net profit of $478.8 million in FH 2024. The bullish outlook on the product tanker market is supported by favorable supply-demand dynamics, increased seaborne clean product export demand, and reduced global refining capacity. Hafnia's share price has lagged behind peers like Torm and Scorpio Tankers, but its valuation remains comparable, with a strong dividend policy linked to a low LTV ratio. Despite potential risks from newbuildings and geopolitical changes, the market conditions are expected to remain stable, leading to a Buy rating for Hafnia. Read the full article on Seeking Alpha
Reported Earnings • Aug 25Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: US$563.1m (up 17% from 2Q 2023). Net income: US$259.2m (up 22% from 2Q 2023). Profit margin: 46% (up from 44% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 32% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.0%.
お知らせ • Aug 23Hafnia Limited Announces Dividend for the Second Quarter of 2024, on or About 10 September 2024Hafnia Limited announced dividend of USD 0.4049 per share for the second quarter of 2024. Shares registered in the Euronext VPS Oslo Stock Exchange: Last trading day including right to dividends: 30 August 2024, Ex-date: 2 September 2024, Payment date: On or about 13 September 2024. Shares registered in the Depository Trust Company: Last trading day including right to dividends: 30 August 2024. Ex-date: 3 September 2024. Payment date: On or about 10 September 2024.
Recent Insider Transactions • Jul 07Chief Executive Officer recently sold US$8.3m worth of stockOn the 3rd of July, Mikael Opstun Skov sold around 1m shares on-market at roughly US$8.33 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mikael's only on-market trade for the last 12 months.
Declared Dividend • May 19First quarter dividend increased to US$0.34Dividend of US$0.34 is 13% higher than last year. Ex-date: 22nd May 2024 Payment date: 3rd June 2024 Dividend yield will be 12%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 45% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to decline by 38% over the next 3 years. Since a fall of 22% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Reported Earnings • May 16First quarter 2024 earnings released: EPS: US$0.43 (vs US$0.51 in 1Q 2023)First quarter 2024 results: EPS: US$0.43 (down from US$0.51 in 1Q 2023). Revenue: US$784.9m (up 31% from 1Q 2023). Net income: US$219.6m (down 14% from 1Q 2023). Profit margin: 28% (down from 43% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 32% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.3%.
お知らせ • May 16Hafnia Limited Announces Dividend for the First Quarter of 2024, Payable on or About 29 May 2024Hafnia Limited announced dividend of USD 0.3443 per share for the first quarter of 2024. Ex-date: 22 May 2024. Record date: 23 May 2024. Payment date: On or about 29 May 2024 for shares registered in the Depository Trust Company in the United States. Dividends payable to shares registered in Euronext Securities Oslo (VPS) will be distributed on or about 3 Jun 2024. Date of approval: 14 May 2024.
Recent Insider Transactions • Apr 17Chief Financial Officer recently sold US$1.9m worth of stockOn the 11th of April, Perry Van Echtelt sold around 250k shares on-market at roughly US$7.42 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Perry's only on-market trade for the last 12 months.
お知らせ • Apr 10Hafnia Limited Increases Quarterly Dividend Payout RatioHafnia Limited announced that its Board of Directors has approved an increase in the dividend payout ratio, which shall be effective April 9, 2024. Under the revised dividend policy, Hafnia will increase its payout ratio from the previous 70%, to 80%, when the net loan-to-value is above 20% but equal to or below 30%. Furthermore, as the net loan-to-value is equal to or below 20%, the payout ratio will be further elevated to 90% from the previous 80%.
お知らせ • Mar 05Hafnia Limited Announces Cash Dividend for the Fourth Quarter 2023, Payable on 19 March 2024Hafnia Limited announced cash dividend of USD 0.2431 per share for the fourth quarter 2023. Ex-date is 11 March 2024. Record date is 12 March 2024. Payment date is 19 March 2024.
お知らせ • Feb 24Hafnia Limited to Report Q4, 2023 Results on Mar 05, 2024Hafnia Limited announced that they will report Q4, 2023 results on Mar 05, 2024
お知らせ • Dec 30+ 4 more updatesHafnia Limited to Report Fiscal Year 2024 Results on Feb 27, 2025Hafnia Limited announced that they will report fiscal year 2024 results on Feb 27, 2025
お知らせ • Nov 18Hafnia Limited Announces Cash Dividend for the Third Quarter of 2023, Payable on 04 December 2023Hafnia Limited announced cash dividend of USD 0.2032 per share for the third quarter of 2023. The dividend is payable on 04 December 2023 with Ex-date of 23 November 2023 and Record date of 24 November 2023.
お知らせ • Nov 07Hafnia Limited Appoints Ms. Su Yin Anand as DirectorHafnia Limited at Special General Meeting on 6 November 2023 approved the appointment of Ms. Su Yin Anand as Director .
お知らせ • Aug 25Hafnia Limited Announces Cash Dividend for the Second Quarter of 2023, Payable on September 12, 2023Hafnia Limited announced that the company's second quarter cash dividend. Key information relating to the cash dividend paid by the Company for the second quarter 2023: Dividend amount: USD 0.2528 per share. Last day including right to dividends: 30 August 2023. Ex-date: 31 August 2023. Record date: 01 September 2023. Payment date: 12 September 2023.
お知らせ • May 20Hafnia Limited Announces Cash Dividend for the First Quarter 2023, Payable on 6 June 2023Hafnia Limited on 19 May 2023 announcing the Company's first quarter results and cash dividend. Key information relating to the cash dividend paid by the Company for the first quarter 2023: Dividend amount: 0.3044 per share, Declared currency: USD, Last day including right to dividends: 24 May 2023, Ex-date: 25 May 2023, Record date: 26 May 2023 and Payment date: 06 June 2023.
お知らせ • Feb 01Hafnia Limited Announces Resignation of Guillaume Philippe Gerry Bayol as Board of Director, Effective on February 1, 2023Board member Guillaume Philippe Gerry Bayol has informed the Board of Directors in Hafnia Limed that he will resign from the company's Board of Directors with effect from 1 February 2023. Mr. Bayol has served as a representative of funds managed by Oaktree Capital Management, L.P. (Oaktree) on the company's Board of Directors.
お知らせ • Jan 02Hafnia Limited to Report Q3, 2023 Results on Nov 11, 2023Hafnia Limited announced that they will report Q3, 2023 results on Nov 11, 2023
お知らせ • Jan 01+ 4 more updatesHafnia Limited to Report Q1, 2023 Results on May 19, 2023Hafnia Limited announced that they will report Q1, 2023 results on May 19, 2023