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Hafnia LimitedNYSE:HAFN Stock Report

Market Cap US$4.7b
Share Price
n/a
1Y47.9%
7D1.2%
1D-0.5%
Portfolio Value
​
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Hafnia Limited

NYSE:HAFN Stock Report

Market Cap: US$4.7b

Hafnia (HAFN) Stock Overview

An investment holding company, owns and operates oil product tankers in Bermuda. More details

HAFN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends4/6

Rewards

Price-To-Earnings ratio (7.1x) is below the US market (18.4x)

Earnings grew by 51.8% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 37.4% per year for the next 3 years

Unstable dividend track record


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Hafnia Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hafnia
Historical stock prices
Current Share PriceNOK 9.33
52 Week HighNOK 9.60
52 Week LowNOK 5.17
Beta-0.15
1 Month Change20.54%
3 Month Change26.94%
1 Year Change47.86%
3 Year Change52.70%
5 Year Changen/a
Change since IPO482.22%

Recent News & Updates

Seeking Alpha • Sep 01

Hafnia: Hormuz Keeps The Q4 Upside Alive

Summary Hafnia Limited is rated Buy, driven by a strong Q2, low leverage, and a high variable dividend payout. Approximately 74% of HAFN’s Q4 own-fleet days remain open to a highly profitable spot market, offering significant earnings sensitivity to prevailing rates. Dislocated global diesel trade flows and constrained Hormuz/Red Sea traffic are lengthening voyage distances, tightening effective product tanker supply, and supporting elevated rates. At $8.47, HAFN trades near NAV, so the investment case hinges on sustained strong market conditions rather than a deep value discount. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Sep 01

Hafnia: Hormuz Keeps The Q4 Upside Alive

Summary Hafnia Limited is rated Buy, driven by a strong Q2, low leverage, and a high variable dividend payout. Approximately 74% of HAFN’s Q4 own-fleet days remain open to a highly profitable spot market, offering significant earnings sensitivity to prevailing rates. Dislocated global diesel trade flows and constrained Hormuz/Red Sea traffic are lengthening voyage distances, tightening effective product tanker supply, and supporting elevated rates. At $8.47, HAFN trades near NAV, so the investment case hinges on sustained strong market conditions rather than a deep value discount. Read the full article on Seeking Alpha
Seeking Alpha • Apr 14

Hafnia Is Dirt Cheap With Insiders Buying Aggressively

Summary 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
Seeking Alpha • Mar 03

Hafnia: Variable Dividend Drives Irrationality, Buying Opportunity

Summary 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
Seeking Alpha • Jan 13

Hafnia Limited: Not Just A Dividend Paying Machine

Summary 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
Seeking Alpha • Nov 29

Why Hafnia's Valuation Looks Too Good To Ignore

Summary 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
Seeking Alpha • Aug 28

Hafnia Tankers: Strong Fundamentals, Changing Trade Patterns Look Favorable

Summary 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

Shareholder Returns

HAFNUS Oil and GasUS Market
7D1.2%2.1%-0.9%
1Y47.9%42.2%13.9%

Return vs Industry: HAFN exceeded the US Oil and Gas industry which returned 42.2% over the past year.

Return vs Market: HAFN exceeded the US Market which returned 13.9% over the past year.

Price Volatility

Is HAFN's price volatile compared to industry and market?
HAFN volatility
HAFN Average Weekly Movement5.5%
Oil and Gas Industry Average Movement5.7%
Market Average Movement6.9%
10% most volatile stocks in US Market15.3%
10% least volatile stocks in US Market2.9%

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

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

About the Company

FoundedEmployeesCEOWebsite
20104,000Soren Jensenhafnia.com

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

Hafnia Limited Fundamentals Summary

How do Hafnia's earnings and revenue compare to its market cap?
HAFN fundamental statistics
Market capUS$4.66b
Earnings (TTM)US$658.69m
Revenue (TTM)US$2.67b
7.1x
P/E Ratio
1.7x
P/S Ratio

Is HAFN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HAFN income statement (TTM)
RevenueUS$2.67b
Cost of RevenueUS$1.82b
Gross ProfitUS$850.78m
Other ExpensesUS$192.09m
EarningsUS$658.69m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Nov 18, 2026

Earnings per share (EPS)1.32
Gross Margin31.90%
Net Profit Margin24.70%
Debt/Equity Ratio30.5%

How did HAFN perform over the long term?

See historical performance and comparison

Dividends

5.9%
Current Dividend Yield
84%
Payout Ratio

Does HAFN pay a reliable dividends?

See HAFN dividend history and benchmarks
When do you need to buy HAFN by to receive an upcoming dividend?
Hafnia dividend dates
Ex Dividend DateSep 08 2026
Dividend Pay DateSep 18 2026
Days until Ex dividend7 days
Days until Dividend pay date3 days

Does HAFN pay a reliable dividends?

See HAFN dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 21:53
End of Day Share Price 2026/09/14 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

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

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

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

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

Analysis Model and Snowflake

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

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

Industry and Sector Metrics

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

Analyst Sources

Hafnia Limited is covered by 9 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Gregory LewisBTIG
Bendik NyttingnesDanske Bank