Hafnia Valuation
Is HAFNI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of HAFNI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: HAFNI (NOK83.05) is trading below our estimate of fair value (NOK251.58)
Significantly Below Fair Value: HAFNI is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HAFNI?
Other financial metrics that can be useful for relative valuation.
| What is HAFNI's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | US$3.93b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.8x |
| Enterprise Value/EBITDA | 5.4x |
| PEG Ratio | -0.4x |
Price to Earnings Ratio vs Peers
How does HAFNI's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 6.9x | ||
BWLPG BWG | 4.4x | -26.6% | NOK 23.1b |
OET Okeanis Eco Tankers | 8.3x | 8.8% | NOK 10.8b |
AGAS Avance Gas Holding | 3.9x | -38.5% | NOK 11.5b |
BWEK BW Epic Kosan | 11.1x | 1.3% | NOK 3.9b |
HAFNI Hafnia | 5.3x | -14.1% | NOK 42.5b |
Price-To-Earnings vs Peers: HAFNI is good value based on its Price-To-Earnings Ratio (5.3x) compared to the peer average (6.9x).
Price to Earnings Ratio vs Industry
How does HAFNI's PE Ratio compare vs other companies in the European Oil and Gas Industry?
Price-To-Earnings vs Industry: HAFNI is good value based on its Price-To-Earnings Ratio (5.3x) compared to the European Oil and Gas industry average (8.2x).
Price to Earnings Ratio vs Fair Ratio
What is HAFNI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 5.2x |
| Fair PE Ratio | 6.9x |
Price-To-Earnings vs Fair Ratio: HAFNI is good value based on its Price-To-Earnings Ratio (5.3x) compared to the estimated Fair Price-To-Earnings Ratio (6.9x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | NOK 83.05 | NOK 106.36 +28.1% | 3.0% | NOK 110.00 | NOK 102.00 | n/a | 5 |
| Aug ’25 | NOK 85.65 | NOK 105.56 +23.2% | 3.8% | NOK 110.00 | NOK 100.00 | n/a | 5 |
| Jul ’25 | NOK 87.00 | NOK 105.20 +20.9% | 3.5% | NOK 110.00 | NOK 100.00 | n/a | 5 |
| Jun ’25 | NOK 91.95 | NOK 105.20 +14.4% | 3.5% | NOK 110.00 | NOK 100.00 | n/a | 5 |
| May ’25 | NOK 84.20 | NOK 98.20 +16.6% | 5.4% | NOK 105.00 | NOK 92.00 | n/a | 5 |
| Apr ’25 | NOK 74.65 | NOK 95.40 +27.8% | 4.1% | NOK 100.00 | NOK 91.00 | n/a | 5 |
| Mar ’25 | NOK 78.05 | NOK 94.00 +20.4% | 3.7% | NOK 100.00 | NOK 90.00 | n/a | 5 |
| Feb ’25 | NOK 78.55 | NOK 91.60 +16.6% | 2.4% | NOK 95.00 | NOK 89.00 | n/a | 5 |
| Jan ’25 | NOK 70.20 | NOK 93.17 +32.7% | 7.0% | NOK 105.00 | NOK 84.00 | n/a | 6 |
| Dec ’24 | NOK 68.00 | NOK 93.17 +37.0% | 7.0% | NOK 105.00 | NOK 84.00 | n/a | 6 |
| Nov ’24 | NOK 74.00 | NOK 90.33 +22.1% | 10.3% | NOK 105.00 | NOK 74.00 | n/a | 6 |
| Oct ’24 | NOK 66.55 | NOK 86.40 +29.8% | 9.3% | NOK 95.00 | NOK 74.00 | n/a | 5 |
| Sep ’24 | NOK 61.85 | NOK 86.40 +39.7% | 9.3% | NOK 95.00 | NOK 74.00 | n/a | 5 |
| Aug ’24 | NOK 54.95 | NOK 86.17 +56.8% | 9.5% | NOK 95.00 | NOK 74.00 | NOK 85.65 | 6 |
| Jul ’24 | NOK 52.45 | NOK 88.17 +68.1% | 6.7% | NOK 95.00 | NOK 77.00 | NOK 87.00 | 6 |
| Jun ’24 | NOK 52.90 | NOK 87.80 +66.0% | 7.2% | NOK 95.00 | NOK 77.00 | NOK 91.95 | 5 |
| May ’24 | NOK 57.65 | NOK 83.60 +45.0% | 3.2% | NOK 87.00 | NOK 80.00 | NOK 84.20 | 5 |
| Apr ’24 | NOK 59.70 | NOK 81.60 +36.7% | 2.5% | NOK 85.00 | NOK 80.00 | NOK 74.65 | 5 |
| Mar ’24 | NOK 63.70 | NOK 80.20 +25.9% | 5.1% | NOK 85.00 | NOK 73.00 | NOK 78.05 | 5 |
| Feb ’24 | NOK 53.60 | NOK 76.50 +42.7% | 6.8% | NOK 83.00 | NOK 70.00 | NOK 78.55 | 4 |
| Jan ’24 | NOK 50.40 | NOK 76.50 +51.8% | 6.8% | NOK 83.00 | NOK 70.00 | NOK 70.20 | 4 |
| Dec ’23 | NOK 53.80 | NOK 78.67 +46.2% | 5.3% | NOK 83.00 | NOK 73.00 | NOK 68.00 | 3 |
| Nov ’23 | NOK 55.80 | NOK 76.00 +36.2% | 7.5% | NOK 84.00 | NOK 71.00 | NOK 74.00 | 3 |
| Oct ’23 | NOK 44.55 | NOK 62.00 +39.2% | 10.8% | NOK 71.00 | NOK 55.00 | NOK 66.55 | 3 |
| Sep ’23 | NOK 43.75 | NOK 62.00 +41.7% | 10.8% | NOK 71.00 | NOK 55.00 | NOK 61.85 | 3 |
| Aug ’23 | NOK 33.60 | NOK 44.67 +32.9% | 9.4% | NOK 49.00 | NOK 39.00 | NOK 54.95 | 3 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.