Hafnia Limited, an investment holding company, owns and operates oil product tankers.
Good value with reasonable growth potential.
Share Price & News
How has Hafnia's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HAFNIA's share price has been volatile over the past 3 months.
7 Day Return
NO Oil and Gas
1 Year Return
NO Oil and Gas
Return vs Industry: Insufficient data to determine how HAFNIA performed against the Norwegian Oil and Gas industry.
Return vs Market: Insufficient data to determine how HAFNIA performed against the Norwegian Market.
Price Volatility Vs. Market
How volatile is Hafnia's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StHafnia (OB:HAFNIA) Seems To Be Using An Awful Lot Of Debt
1 month ago | Simply Wall StIs Hafnia Limited’s (OB:HAFNIA) 6.2% Return On Capital Employed Good News?
4 months ago | Simply Wall StIs Hafnia Limited (OB:HAFNIA) Trading At A 42% Discount?
Is Hafnia undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HAFNIA (NOK16.4) is trading below our estimate of fair value (NOK55.08)
Significantly Below Fair Value: HAFNIA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HAFNIA is poor value based on its PE Ratio (7.6x) compared to the Oil and Gas industry average (6.7x).
PE vs Market: HAFNIA is good value based on its PE Ratio (7.6x) compared to the Norwegian market (10.4x).
Price to Earnings Growth Ratio
PEG Ratio: HAFNIA is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: HAFNIA is overvalued based on its PB Ratio (0.5x) compared to the NO Oil and Gas industry average (0.5x).
How is Hafnia forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HAFNIA's forecast earnings growth (29.9% per year) is above the savings rate (0.7%).
Earnings vs Market: HAFNIA's earnings (29.9% per year) are forecast to grow faster than the Norwegian market (21% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HAFNIA's revenue is expected to decline over the next 3 years (-7.1% per year).
High Growth Revenue: HAFNIA's revenue is forecast to decline over the next 3 years (-7.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HAFNIA's Return on Equity is forecast to be high in 3 years time (21%)
How has Hafnia performed over the past 5 years?
Last years revenue growth
Earnings and Revenue History
Quality Earnings: HAFNIA has high quality earnings.
Growing Profit Margin: HAFNIA became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if HAFNIA's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: HAFNIA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HAFNIA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (39.2%).
Return on Equity
High ROE: HAFNIA's Return on Equity (6.4%) is considered low.
How is Hafnia's financial position?
Financial Position Analysis
Short Term Liabilities: HAFNIA's short term assets ($334.8M) exceed its short term liabilities ($320.2M).
Long Term Liabilities: HAFNIA's short term assets ($334.8M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: HAFNIA's debt to equity ratio (110.1%) is considered high.
Reducing Debt: Insufficient data to determine if HAFNIA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HAFNIA's debt is not well covered by operating cash flow (19.7%).
Interest Coverage: HAFNIA's interest payments on its debt are not well covered by EBIT (2.3x coverage).
What is Hafnia's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HAFNIA's dividend (14.61%) is higher than the bottom 25% of dividend payers in the Norwegian market (3.73%).
High Dividend: HAFNIA's dividend (14.61%) is in the top 25% of dividend payers in the Norwegian market (8.02%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether HAFNIA's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if HAFNIA's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HAFNIA's dividends in 3 years are forecast to be covered by earnings (54.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mikael Øpstun Skov (56yo)
Mr. Mikael Øpstun Skov has been Chief Executive Officer of Hafnia Tankers Ltd since 2019. He serves as the Chief Executive Officer of Tankers Inc. A/S and Hafnia Management A/S. He served as the Chief Exec ...
|Chief Executive Officer||1.25yrs||no data||no data|
|Chief Financial Officer||2.42yrs||no data||no data|
|Vice President of Operations & Claims||no data||no data||no data|
|Executive Vice President of Technical||no data||no data||0.021% $1.2m|
|Executive VP of EVP||no data||no data||no data|
|Executive Vice President of Commercial||1.25yrs||no data||0.012% $693.9k|
|Executive Vice President of Asset Management||no data||no data||no data|
Experienced Management: HAFNIA's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HAFNIA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: HAFNIA only recently listed within the past 12 months, with total shares outstanding growing by 183.3% in the past year..
Hafnia Limited's company bio, employee growth, exchange listings and data sources
- Name: Hafnia Limited
- Ticker: HAFNIA
- Exchange: OB
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: kr5.957b
- Shares outstanding: 363.21m
- Website: https://www.bwtankers.com
- Hafnia Limited
- Clarendon House
- 2 Church Street
- HM 11
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HAFNIA||OB (Oslo Bors)||Yes||Common Shares||NO||NOK||Apr 2019|
|HAFNIO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||NOK||Apr 2019|
Hafnia Limited, an investment holding company, owns and operates oil product tankers. It transports oil and oil products to national and international oil companies, and chemical companies, as well as trading and utility companies. The company provides ship owning, ship-management, chartering, investment, and agency office services. As of November 5, 2019, the company operated a fleet of 180 vessels in pools, including newbuilds, of which 102 are owned or chartered-in including six owned LR2s, 27 owned and 9 chartered-in LR1s, 41 owned and six chartered-in MRs, and 13 owned Handy vessels. The company was formerly known as BW Tankers Limited. The company is based in Hamilton, Bermuda. Hafnia Limited operates as a subsidiary of BW Group Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 02:10|
|End of Day Share Price||2020/04/06 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.