XNYSHAFN
Market cap2.53bUSD
Dec 20, Last price
5.11USD
1D
0.20%
1Q
-30.76%
IPO
-31.59%
Name
HAFNIA LIMITED
Chart & Performance
P/E
3.28
P/S
0.98
EPS
1.56
Div Yield, %
20.88%
Shrs. gr., 5y
6.56%
Rev. gr., 5y
48.63%
Revenues
2.67b
+45.79%
Net income
793m
+5.55%
CFO
1.06b
+45.43%
Dividend
Sep 03, 20240.40488 USD/sh
Earnings
Feb 27, 2025
Profile
Hafnia Limited owns and operates oil product tankers. The company operates through four segments: Long Range II (LR2), Long Range I (LR1), Medium Range (MR), and Handy size (Handy). It transports petroleum oil products, vegetable oil, and easy chemicals 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 March 29, 2022, it operated a fleet of 237 vessels, including newbuilds, of which 145 are owned or chartered-in, including 10 owned LR2s, 40 owned and chartered-in LR1s, 58 owned and chartered-in MRs, and 29 owned Handy and eight stainless steel 25K vessels. The company is based in Hamilton, Bermuda. Hafnia Limited is a subsidiary of BW Group Limited.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
| Income | |||||||||
Revenues | 2,671,706 45.79% | 1,832,544 125.90% | 811,217 -7.19% | ||||||
Cost of revenue | 1,634,231 | 992,124 | 775,323 | ||||||
Unusual Expense (Income) | |||||||||
NOPBT | 1,037,475 | 840,420 | 35,894 | ||||||
NOPBT Margin | 38.83% | 45.86% | 4.42% | ||||||
Operating Taxes | 6,251 | 6,678 | 4,390 | ||||||
Tax Rate | 0.60% | 0.79% | 12.23% | ||||||
NOPAT | 1,031,224 | 833,742 | 31,504 | ||||||
Net income | 793,275 5.55% | 751,589 -1,454.39% | (55,493) -137.30% | ||||||
Dividends | (544,136) | (243,748) | |||||||
Dividend yield | 1.52% | 0.99% | |||||||
Proceeds from repurchase of equity | 9,286 | 99,239 | |||||||
BB yield | -0.03% | -0.40% | |||||||
| Debt | |||||||||
Debt current | 267,328 | 320,116 | 248,374 | ||||||
Long-term debt | 1,744,863 | 2,498,653 | 1,277,979 | ||||||
Deferred revenue | |||||||||
Other long-term liabilities | 306 | ||||||||
Net debt | 1,786,445 | 2,644,329 | 1,426,278 | ||||||
| Cash flow | |||||||||
Cash from operating activities | 1,060,806 | 729,449 | 106,438 | ||||||
CAPEX | (184,392) | (447,385) | (27,030) | ||||||
Cash from investing activities | (31,667) | (189,952) | (47,880) | ||||||
Cash from financing activities | (1,086,933) | (465,132) | (59,154) | ||||||
FCF | 724,703 | 41,922 | 153,201 | ||||||
| Balance | |||||||||
Cash | 141,621 | 174,440 | 100,075 | ||||||
Long term investments | 84,125 | ||||||||
Excess cash | 92,161 | 82,813 | 59,514 | ||||||
Stockholders' equity | 636,094 | 386,921 | (122,252) | ||||||
Invested Capital | 3,427,914 | 3,696,741 | 2,563,755 | ||||||
ROIC | 28.95% | 26.64% | 1.24% | ||||||
ROCE | 29.47% | 22.24% | 1.47% | ||||||
| EV | |||||||||
Common stock shares outstanding | 508,688 | 489,077 | 363,127 | ||||||
Price | 70.20 39.29% | 50.40 189.99% | 17.38 9.03% | ||||||
Market cap | 35,709,893 44.87% | 24,649,474 290.57% | 6,311,151 8.66% | ||||||
EV | 37,496,338 | 27,293,803 | 7,737,429 | ||||||
EBITDA | 1,248,502 | 1,049,639 | 187,573 | ||||||
EV/EBITDA | 30.03 | 26.00 | 41.25 | ||||||
Interest | 77,385 | 93,559 | 39,004 | ||||||
Interest/NOPBT | 7.46% | 11.13% | 108.66% | ||||||