Hafnia (OB:HAFNI) Second Quarter 2024 Results
Key Financial 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.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hafnia Revenues Beat Expectations
Revenue exceeded analyst estimates by 5.4%.
Looking ahead, revenue is expected to fall by 32% p.a. on average during the next 3 years compared to a 5.1% decline forecast for the Oil and Gas industry in Norway.
Performance of the Norwegian Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 4 warning signs for Hafnia (1 is a bit concerning!) that you need to take into consideration.
Valuation is complex, but we're here to simplify it.
Discover if Hafnia might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About OB:HAFNI
Very undervalued with flawless balance sheet and pays a dividend.