Hafnia Limited HAFN

8.92 0.00 0.00% as of 25 Sep
Market cap
$4.4B
P/E
6.8×

Insider Decisions

Total sells 8.85
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — 2 — — — — —
Insider Ownership 50.28%

Capital & Financial Ratios

Market Cap 4,360.00
Revenue 2,666.84
Net Income 658.69
Free Cash Flow 941.36
Net Debt 528.21
Current Ratio 1.66
Debt/Equity 0.33
P/E ratio 6.76
P/S ratio 1.67
P/B ratio 1.68
Past 5Y EPS Growth 48.99%
This Y EPS Growth 111.90%
Next Y EPS Growth (35.65%)
Next 5Y EPS Growth 0.69%
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2026 0.96
0.18
0.29
0.50
2025 0.40
0.03
0.10
0.12
0.15
2024 1.37
0.24
0.34
0.40
0.38
2023 1.08
0.32
0.30
0.25
0.20
2022 0.49
0.02
0.19
0.28
2020 0.11
0.11
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 235 296 199 357
Receivables 590 504 522 616
Inventory 108 94 69 110
Other — 6 17 9
933 900 844 1,092
2023 2024 2025 Q'26
Payables 385 313 354 410
ST’ Debt 267 336 213 232
Other 0 2 0 15
661 654 572 660
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — 5.80%
Cash Flow — — (7.87%)
Earnings — — (23.26%)
Book Value — — 5.06%

Revenue

Mar Jun Sep Dec Year
’26 671 816 — — —
’25 548 554 587 593 2,282
’24 785 831 720 533 2,869
’23 617 701 651 472 2,672
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 128 298 — — —
’25 137 188 118 160 603
’24 249 301 284 197 1,030
’23 354 185 334 188 1,061
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 236 430 — — —
’25 110 147 92 183 532
’24 233 287 305 212 1,038
’23 448 139 291 141 1,019
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.36 0.56 — — —
’25 0.13 0.15 0.18 0.22 0.67
’24 0.43 0.51 0.42 0.15 1.50
’23 0.50 0.42 0.29 0.34 1.56
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — 1.60 1.60 1.60 4.50 4.99 3.61

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — 1.60 1.60 6.00 7.35 8.99 6.64
High Price
— — — — — — — 5,040 4,959 4,876
Employees
— — — — — — 0 1 1 0
Revenue/Emp
— — — — — — 1,927 2,672 2,869 2,282
Revenue
— — — — — — 56.20% 41.09% 38.81% 29.53%
Gross Margin
— — — — — — 758 800 778 342
EBT
— — — — — — 39.36% 29.93% 27.14% 15.00%
EBT Margin
— — — — — — 752 793 774 340
Net Income
— — — — — — 209 211 215 202
Depreciation
— — — — — — 4.03 5.29 5.62 4.58
Revenue/Sh
— — — — — — 1.57 1.57 1.52 0.68
Earnings/Sh
— — — — — — 1.61 2.10 2.02 1.21
Cash Flow/Sh
— — — — — — (0.37) (0.08) 0.01 (0.14)
Capex/Sh
— — — — — — 1.25 2.02 2.03 1.07
Free CF/Sh
— — — — — — 4.20 4.41 4.44 4.68
Book Value/Sh
— — — — — — 478 505 510 498
Shares
— — — — — — 5.56 4.47 3.66 7.84
PE Ratio
— — — — — — 1.68 1.45 0.99 1.16
PS Ratio
— — — — — — 1.26 1.59 1.26 1.14
PB Ratio
— — — — — — 2.68 1.89 1.28 1.57
EV/Sales
— — — — — — 0.00 4.52 3.53 6.73
EV/FCF
— — — — — — 771 1,061 1,030 603
Op' Cash Flow
— — — — — — (176) (42) 7 (71)
Capex
— — — — — — 595 1,019 1,038 532
FCF
— — — — — — 394 272 246 272
Working Cap'
— — — — — — 1,775 1,292 1,122 1,123
Total Debt
— — — — — — 1,494 1,057 826 924
Net Debt
— — — — — — 2,009 2,228 2,263 2,330
Sh' Equity
— — — — — — 0.00% 20.19% 20.33% 9.04%
ROA
— — — — — — 14.69% 16.32% 16.30% 7.10%
ROIC
— — — — — — 0.00% 37.45% 34.48% 14.79%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Hafnia Limited (HAFN) key facts

  • Hafnia Limited (HAFN) is a Marine Shipping company in the Industrials sector, listed on the New York Stock Exchange.
  • Hafnia Limited’s revenue for fiscal 2025 (year ended December 2025) was NOK 2.3 billion, down 20.5% from fiscal 2024.
  • Net income was NOK 339.7 million, or NOK 0.68 per share (basic), a net margin of 14.9%.
  • As of September 25, 2026, HAFN traded at $8.92, a market capitalization of $4.4 billion.
  • At that price the stock trades at 6.8× trailing-twelve-month earnings and 1.7× sales.
  • Return on equity was 14.8% and debt-to-equity 0.33.

Source: company filings (standardised) and stockrow calculations.

Hafnia Limited (HAFN) Latest News

News by impact score

Fine-tune

25 Sep

4

Hafnia Limited announced the filing of a prospectus supplement with the U.S. Securities and Exchange Commission related to its offering of 35,488,875 ordinary shares, which raised gross proceeds of roughly USD 300 million (NOK equivalent). The prospectus supplement was filed under Hafnia’s Form F-3 shelf registration and is publicly available on sec.gov. The company had previously reported that the offering was successfully completed and priced. Hafnia describes itself as a leading tanker owner and operator with about 180 vessels, offering a fully integrated shipping platform that includes technical management, commercial and chartering, pool management, and a large bunker desk. The BW Group-backed company operates offices in Singapore, Copenhagen, Houston, and Dubai, and employs over 4,000 people onshore and at sea. Contact: Søren Steenberg Jensen, CEO. Equity offering worth about USD 300 million will significantly alter Hafnia's capitalization and funding options.

24 Sep

4

Hafnia Limited completed an accelerated private placement of 35,488,875 ordinary shares at NOK 80.00 each, raising gross proceeds of about USD 300 million. The new shares, issued via bookbuilding and settled with a share lending arrangement (DVP), increase Hafnia’s share count to 535,331,154 (up ~7.1%). Net proceeds will strengthen the balance sheet after Hafnia’s TORM-related acquisitions (including 4.5 million additional TORM shares, boosting ownership to 18.19%), repay related debt, fund strategic opportunities, and support general corporate purposes. Allocation notifications are due today, with settlement anticipated around September 28, 2026. The offering was conducted by Fearnley Securities, Pareto Securities, Arctic Securities and Clarksons Securities and complies with Norwegian and Singapore law; US regulatory filing is via Form F-3 shelf. Hafnia emphasizes the disclosure as inside information under EU Market Abuse Regulation. Hafnia is a BW Group tanker operator with ~180 vessels. Significant capital raise strengthens balance sheet and funds strategic opportunities post-TORM acquisitions, potentially impacting leverage and growth prospects.

3

Hafnia Ltd said it would buy 1,700,000 Class A shares of Torm PLC at $34 each, increasing its stake to about 19.85% of Torm’s issued share capital and representing roughly 1.66% of outstanding shares. The purchase, funded with cash on hand and available credit, prompted Hafnia’s shares to drop about 4.5% on Thursday. Hafnia operates as a major tanker owner with around 180 vessels. The move signals closer alignment with Torm, a fellow tanker company, potentially changing its influence on Torm’s decisions and market perceptions. Increased stake in a peer signals closer strategic alignment and could influence Hafnia’s competitive positioning, yielding a moderate impact on sentiment and trajectory.

3

Hafnia Limited agreed to acquire 1,700,000 A shares in TORM plc for USD 34 per share, representing 1.66% of TORM’s issued share capital; post-completion Hafnia will hold about 19.85%. The deal will be financed from Hafnia’s cash on hand and available credit facilities. Hafnia, one of the world’s leading tanker owners with around 180 vessels and a BW Group affiliate, seeks a strategic minority stake in TORM to align interests within the shipping sector. Non-controlling but strategically meaningful minority stake could influence collaboration and sentiment without altering Hafnia’s control.

16 Sep

3

Hafnia Limited acquires an additional 4.5 million TORM shares. Share purchase in TORM signals strategic investment with moderate effects on positioning and sentiment.

5 Sep

4

Hafnia Limited's Q2 profit hit a multi-year high, triggering a surge in payouts. Multi-year high Q2 profits with surging payouts indicate strong performance likely to boost market valuation and investor sentiment.

4 Sep

3

Hafnia declares Q2 dividend and releases earnings, with analysis questioning if the stock trades above fair value. Q2 earnings and dividend declaration may affect near-term investor views on valuation without major strategic shifts.

3 transcript

Hafnia Limited held Q2 2026 earnings call covering financial results, operations and outlook. Quarterly earnings results and guidance typically drive short-term share price moves.

28 Aug

4 transcript

Hafnia Ltd posts record net profit for Q2 2026 alongside strategic updates during its earnings call. Record net profit and strategic moves signal major positive shifts in financials and outlook.

3 transcript

Hafnia Limited released its Q2 2026 earnings call summary detailing financial results and operational updates. Earnings call summary delivers financial and operational details likely to influence near-term market views on Hafnia Limited.

3 transcript

Hafnia Limited Q2 earnings call highlights key financial results and operational updates. Q2 earnings details provide moderate insight into financial performance likely to influence near-term investor sentiment.

3

Hafnia Limited announced financial results for the three and six months ended 30 June 2026. Quarterly results release supplies performance data that can shift near-term market views without altering long-term strategy.

28 May

4

Hafnia Ltd posted record Q1 2026 profits and outlined plans for strategic fleet expansion. Record profits and fleet growth directly strengthen financial position and long-term capacity.

3 transcript

Hafnia Limited held its Q1 2026 earnings call covering financial results, fleet operations and market outlook. Quarterly earnings updates influence near-term sentiment and valuation but rarely shift long-term company trajectory.

27 May

3

Hafnia Limited Q1 earnings call highlights first-quarter financial results and operational updates. Quarterly earnings highlights supply performance data that can shift near-term investor views without altering long-term strategy.

3

Hafnia Limited released financial results for the three months ended 31 March 2026. Quarterly financial results provide updated performance metrics that may shift near-term investor views.

8 May

4

Hafnia Limited releases audited financial statements for 2025. Audited financial statements reveal comprehensive 2025 performance metrics, significantly influencing investor assessments and stock trajectory.

17 Apr

4

Hafnia Limited released its 2025 Annual Report detailing full-year financial performance, operational highlights, and future outlook. Annual report reveals comprehensive financials, strategic initiatives, and market positioning that significantly shape investor expectations and company trajectory.

3 Apr

4

Hafnia Limited entered into a newbuild agreement for eight Medium-Range (MR) product tankers. Newbuild agreement for eight MR tankers constitutes a major strategic fleet expansion enhancing future capacity and operational scale.

9 Mar

4

Hafnia Limited (HAFN) reported strong earnings and maintained shareholder returns. Strong earnings and sustained shareholder returns significantly boost HAFN's financial performance and investor sentiment.

27 Feb

4

Hafnia Ltd (HAFN) reported record profits in Q4 2025 earnings call and unveiled strategic fleet renewal plans. Record profits demonstrate exceptional financial performance while fleet renewal enhances long-term operational efficiency and market positioning.

26 Feb

4

Hafnia Limited announces key information relating to its dividend for the fourth quarter of 2025. Dividend details for Q4 2025 signal financial strength and boost investor sentiment significantly.

4

Hafnia Limited announced financial results for the three and twelve months ended 31 December 2025. Financial results announcements reveal performance metrics that significantly influence stock price, investor sentiment, and future trajectory.

25 Jan

3

Hafnia Limited (HAFN) has experienced a strong multi-year rally, raising questions about whether it is still a viable investment option. Analysts are evaluating the sustainability of its growth and potential future performance amidst changing market dynamics. Investors are urged to consider both the company's historical performance and current market conditions before making decisions. The company's strong rally indicates a moderately noticeable influence on its future performance, but market conditions may balance this effect.

24 Jan

4

Analysts have identified Hafnia Limited (HAFN) as undervalued, suggesting that the company's stock price does not accurately reflect its potential for growth and profitability. This assessment is based on various financial metrics and market conditions, indicating a favorable outlook for investors considering HAFN as a viable investment opportunity. Analysts' views on undervaluation suggest significant potential for future stock price appreciation and investor interest.

23 Dec

3

Hafnia Limited (HAFN) has experienced a remarkable 500% surge over several years, followed by a recent pullback. Analysts are evaluating whether the company remains an attractive investment option despite this volatility. Factors influencing Hafnia's future include market conditions, operational performance, and investor sentiment, which could affect its trajectory moving forward. The recent pullback and previous surge indicate a moderately noticeable influence on Hafnia's market performance and investor sentiment.

3

TORM plc announced a major shareholder update, revealing significant changes in its ownership structure. The announcement includes details about the acquisition of shares by key stakeholders, which may influence the company's strategic direction and market positioning. This development is expected to have implications for TORM's operational strategies and investor sentiment moving forward. Changes in shareholder structure may moderately influence TORM's competitive positioning and market sentiment.

22 Dec

4

Hafnia Limited has successfully completed the acquisition of a 13.97% stake in TORM, a significant move aimed at strengthening its position in the shipping industry. This acquisition is expected to enhance Hafnia's operational capabilities and market presence, aligning with its strategic growth objectives. Acquiring a substantial stake in TORM is a major strategic move that could significantly impact Hafnia's market positioning and investor sentiment.

18 Dec

4

Hafnia Limited has fulfilled all conditions precedent for the acquisition of a 13.97% stake in TORM. This acquisition is part of Hafnia's strategy to enhance its position in the shipping industry. The completion of this transaction is expected to strengthen Hafnia's operational capabilities and market presence. Acquiring a significant stake in TORM is likely to have a substantial impact on Hafnia's strategic positioning and market dynamics.

15 Dec

3

Hafnia Limited (HAFN) is highlighted as one of three ultra-high dividend yield picks for the new year, appealing to income-focused investors. The article emphasizes the company's strong dividend payout, which is supported by its robust financial performance and strategic positioning in the shipping industry. Investors are encouraged to consider Hafnia for its potential to deliver attractive returns amidst market uncertainties. Hafnia's strong dividend yield and financial performance may moderately influence investor sentiment and market positioning.

stockrow.com/HAFN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com