Hafnia Limited

NYSE:HAFN Stock Report

Market Cap: US$2.7b

Hafnia Valuation

Is HAFN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation 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 HAFN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$19.46
Fair Value
72.7% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: HAFN ($5.32) is trading below our estimate of fair value ($19.46)

Significantly Below Fair Value: HAFN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HAFN?

Key metric: As HAFN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HAFN. This is calculated by dividing HAFN's market cap by their current earnings.
What is HAFN's PE Ratio?
PE Ratio3x
EarningsUS$870.84m
Market CapUS$2.65b

Price to Earnings Ratio vs Peers

How does HAFN's PE Ratio compare to its peers?

The above table shows the PE ratio for HAFN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6x
INSW International Seaways
3.8x-29.0%US$2.0b
STNG Scorpio Tankers
3.1x-39.1%US$2.3b
FRO Frontline
7.3x10.9%US$4.0b
DHT DHT Holdings
10x11.9%US$1.8b
HAFN Hafnia
3x-24.6%US$29.9b

Price-To-Earnings vs Peers: HAFN is good value based on its Price-To-Earnings Ratio (3x) compared to the peer average (6x).

Price to Earnings Ratio vs Industry

How does HAFN's PE Ratio compare vs other companies in the US Oil and Gas Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
USDP USD Partners
0.9xn/aUS$716.86k
BYRO.F Byron Energy
0.03x-10.3%US$312.17k
USOP.Y U.S. Oil and Gas
n/an/aUS$6.00
No more companies available in this PE range
HAFN 3.0xIndustry Avg. 11.9xNo. of Companies20PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HAFN is good value based on its Price-To-Earnings Ratio (3x) compared to the US Oil and Gas industry average (11.9x).

Price to Earnings Ratio vs Fair Ratio

What is HAFN'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.

HAFN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3x
Fair PE Ratio8x

Price-To-Earnings vs Fair Ratio: HAFN is good value based on its Price-To-Earnings Ratio (3x) compared to the estimated Fair Price-To-Earnings Ratio (8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HAFN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$5.32
US$7.88
+48.1%
14.4%US$9.64US$6.41n/a6
Feb ’26US$5.29
US$7.98
+50.9%
14.4%US$9.76US$6.49n/a6
Jan ’26US$5.57
US$8.41
+50.9%
12.8%US$9.67US$6.43n/a6
Dec ’25US$5.69
US$8.70
+52.8%
7.9%US$9.95US$7.97n/a5
Nov ’25US$5.78
US$9.01
+55.9%
7.2%US$10.00US$8.01n/a5
Oct ’25US$7.28
US$9.73
+33.6%
7.3%US$10.45US$8.38n/a5
Sep ’25US$8.15
US$10.09
+23.7%
2.9%US$10.43US$9.67n/a5
Aug ’25US$7.83
US$9.63
+22.9%
3.8%US$10.03US$9.12n/a5
Jul ’25US$8.22
US$9.85
+19.8%
3.5%US$10.30US$9.36n/a5
Jun ’25US$8.95
US$9.83
+9.9%
3.5%US$10.28US$9.35n/a5
May ’25US$7.65
US$8.84
+15.6%
5.4%US$9.45US$8.28n/a5
Apr ’25US$7.09
US$8.94
+26.1%
4.1%US$9.37US$8.53n/a5
Mar ’25US$7.42
US$8.93
+20.4%
3.7%US$9.51US$8.55n/a5
Feb ’25US$7.49
US$8.77
+17.1%
2.4%US$9.10US$8.52US$5.295
Jan ’25US$6.91
US$8.72
+26.3%
7.0%US$9.83US$7.86US$5.576
Dec ’24US$6.44
US$8.72
+35.5%
7.0%US$9.83US$7.86US$5.696
Nov ’24US$6.56
US$8.08
+23.2%
10.3%US$9.39US$6.62US$5.786
Oct ’24US$6.28
US$8.09
+28.9%
9.3%US$8.90US$6.93US$7.285
Sep ’24US$5.93
US$8.09
+36.5%
9.3%US$8.90US$6.93US$8.155
Aug ’24US$5.45
US$8.53
+56.5%
9.5%US$9.41US$7.33US$7.836
Jul ’24US$4.74
US$8.16
+72.2%
6.7%US$8.80US$7.13US$8.226
Jun ’24US$4.70
US$8.01
+70.6%
7.2%US$8.66US$7.02US$8.955
May ’24US$5.40
US$7.93
+47.1%
3.2%US$8.26US$7.59US$7.655
Apr ’24n/a
US$7.83
0%
2.5%US$8.15US$7.67US$7.095
Mar ’24US$6.25
US$7.72
+23.6%
5.1%US$8.19US$7.03US$7.425
Feb ’24US$5.16
US$7.73
+49.8%
6.8%US$8.38US$7.07US$7.494
Analyst Price Target
Consensus Narrative from 6 Analysts
US$7.96
Fair Value
33.2% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 22:39
End of Day Share Price 2025/02/07 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 world class team 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
Hans Rettedal ChristiansenDanske Bank