Hafnia Limited
Hafnia Limited is a tanker shipping company that owns and operates a large fleet of product and chemical tankers. The company focuses on transporting clean and dirty refined oil products, vegetable oil, and selected chemical cargoes for national and international oil companies, chemical companies, trading firms, and utility customers. Its operations are organized across vessel classes such as Long Range II, Long Range I, Medium Range, Handy, and specialized segments, allowing it to serve different cargo sizes and trade routes. Hafnia Limited also provides integrated maritime services, including technical management, commercial and chartering services, pool management, and bunker procurement. Headquartered in Singapore, the company plays an important role in the global energy and shipping supply chain by connecting producers, traders, and end users through specialized maritime transportation and logistics services.
$10.33
-$0.20 (-1.90%)
EOD Oct 22, 2026
15.66% operating margin is respectable but not wide. ROIC at 10.38%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 20.5% YoY. Margins deteriorated 11.4pp alongside, both lines moving the wrong way.
Free cash flow declined 53% versus the prior year, cash generation momentum has weakened. ROIC dropped from 22.38% to 10.38%, capital efficiency is deteriorating.
7.9x earnings, 8.9x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$2.67B
▼ -20.5% YoY
Net Income (TTM)
$659M
▼ -56.1% YoY
Op. Margin
22.10%
▼ -11.4pp YoY
ROIC
10.38%
▼ -12.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$584M
▼ -53.4% YoY
Op. Cash Flow (TTM)
$704M
▼ -47.0% YoY
Net Debt
$1.02B
Cash & Equiv.
$104M
3Y CAGR: +5.8%
3Y CAGR: +12.2%
Continue Research
Is Hafnia (HAFN) overvalued?
At a P/E of 7.9 and a price-to-free-cash-flow of 8.9, Hafnia (HAFN) trades below a two-stage DCF intrinsic value of about $56.28 per share, so at $10.33 the stock looks undervalued (444.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Hafnia scores 61/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 7.1%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Hafnia's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $56.28 per share for HAFN, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $42.21. At today's $10.33, that puts the stock about 444.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Hafnia a high-quality business?+
Hafnia scores 61 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 22.1% operating margin and a 10.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Hafnia (HAFN) pay a dividend, and how much?+
Yes, Hafnia pays a regular dividend of about $0.73 per share per year (typically in quarterly installments), a yield of roughly 7.1% at the current price. That is a payout ratio of about 56.1% of earnings, so the dividend is well covered. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For HAFN's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Hafnia a good stock to buy right now?+
That depends on valuation and quality together, not either alone. HAFN currently trades below its estimated intrinsic value and scores 61/100 on quality (solid). It also yields about 7.1%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Marine Shipping
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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