Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Hafnia Limited

HAFNNYSE
Wall Street Score · overall investment65/100
$10.84USD+$0.23 (+2.12%)
Company website hafnia.com
Headquarters#18-01 Mapletree Business City, Singapore, CE, 117438, SG
Financial statement currencyUSD · no FX conversion applied
Industrials · Marine Shipping
Price updated todayFinancials updated Oct 1, 2026

HAFN · Price history

Price at last available close

$10.84

+$1.17 (+12.10%) 1M

2026-10-28

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Company & revenue

About Hafnia Limited

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Hafnia Limited, headquartered in Hamilton, Bermuda, is a prominent maritime transportation enterprise engaged in the ownership and operation of product tankers. The company manages a substantial fleet of 200 vessels across diverse categories such as Long Range II, Long Range I, Medium Range (MR), Handy size, and specialized carriers. Its core business involves the global shipment of a wide spectrum of clean and dirty refined petroleum products, vegetable oils, and specific chemicals for an international clientele that includes oil majors, chemical producers, as well as trading and utility corporations.

How they make money

Hafnia operates a large-scale, integrated shipping platform that generates revenue primarily through the chartering of its fleet of approximately 200 vessels. The company provides technical management, commercial and chartering services, and pool management, while also operating a large-scale bunker procurement desk to optimize fuel costs for its operations and third-party clients.

Products & services

Transportation of oil, oil products, and chemicals via a fleet of tankers, alongside technical management, commercial chartering, pool management, and bunker procurement services.

Brands & revenue mix

No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

  • National oil companiesSource
  • International oil companiesSource
  • Chemical companiesSource
  • Trading and utility companiesSource

Customer concentration

No quantified customer-concentration disclosure is available in the current saved research.

Suppliers, materials & equipment

  • Bunker fuel suppliers — Various global suppliers of marine bunker fuel for the company's fleet operations.Source

Strengths

  • Integrated shipping platform with technical and commercial management capabilitiesSource
  • Large-scale fleet of approximately 200 vesselsSource

Risks

  • Volatility in freight rates and oil pricesSource
  • Operational risks associated with vessel management and maritime transportSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

65

Fair

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

69

Fair

Financial Strength

82

Business Quality / Moat

37

Management

100

Growth Quality

50

Risk / Durability

74

Cheap for a Reason · Review the Risks

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

81

Attractive

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

75/100

Building Historical Record

Model Score 75/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.

At today’s price, the WSS valuation framework currently reads as relatively attractive.

The model outlook is currently positive.

What we like
  • •Balance-sheet / debt profile scores strongly
  • •Valuation scores attractively
  • •Recent buyback activity is present
What to watch
  • •M&A headline · Sep 24, 2026
  • •M&A headline · Sep 16, 2026
  • •Revenue fundamentals are weak
  • •Asset quality is a weaker factor

Company-specific research

Questions worth answering for HAFN

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can HAFN maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •Is HAFN's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •Is HAFN's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • •Is HAFN's valuation discount tied to a temporary concern or to a longer-term business risk?
⚠ 2 warningsView warning details
M&A headline · Sep 24, 2026M&A headline · Sep 16, 2026
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

65

0–100 · Fair

Opportunity Score

81

0–100 · Excellent

Market Cap

$5.73B

P/E Ratio

7.6

EPS

$1.30

52-Week High

$10.13

52-Week Low

$5.17

Beta

-0.15

Intrinsic Value

$28.81

Analyst Target

$12.00

Shares Outstanding

504.1M

Total Revenue

$2.63B

Total Debt

$883.9M

Dividend Yield (TTM)

11.87%

View dividend history

Liquidation Value / Share

$5.25

Estimated net asset value per share

Dividend / Share (TTM)

$1.29

Trailing 12 months by ex-date; not a forecast

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
76/ 100
-3 pts / 5d

Building upward momentum

5D +2.9% · 20D +9.1% · RSI 50 · Price vs 20D avg +3.8%
Volatility
30/ 100
-5 pts / 5d

Low movement

20D realized vol 36.9% · 60D 40.0% · Acceleration 0.92x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for HAFN

Detected from reported data — verify before acting.

Dividend history reported

Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.

Historical repurchase activity

Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.

M&A headline · Sep 24, 2026

HAFNIA LIMITED: Acquisition of an Additional 1.7 Million TORM Shares — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.

Business Wire

M&A headline · Sep 16, 2026

HAFNIA LIMITED: Acquisition of an Additional 4.5 Million TORM Shares — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.

Business Wire

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on HAFN.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Integrated shipping platform with technical and commercial management capabilities.
  • +Large-scale fleet of approximately 200 vessels.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Marine Shipping industry.
  • −Volatility in freight rates and oil prices.
  • −Operational risks associated with vessel management and maritime transport.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Fair65/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Fair

65

Tap for breakdown →

Strong

82

Debt Cost5.3%
Debt Reduction YoY-1.7%
Debt / Equity0.49x

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Weak

40

Revenue YoY11.9%
Revenue CAGR-6.2%
Net Margin24.6%

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Poor

37

Asset Growth YoY3.2%
Liquidation/Share$5.25
Net Assets/MCap0.62x

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Fair

68

Earnings Yield13.0%
Buyback Yield0.4%
Debt Cost5.3%

Tap for breakdown →

Elite

100

ROIC10.5%
ROE24.4%
ROA16.3%

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Poor

37

EPS Growth-22.6%
FCF/Share Growth-10.0%
Rev/Share Growth2.5%

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Elite

100

Intrinsic Value$28.81
Value Reference$17.29
MOS63.2%

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Fair

65

Revenue40
Moat37
Valuation100

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Elite

100

MOS %63.2%
Value Reference$17.29
Deep Discount Reference$11.52

Tap for breakdown →

Poor

36

Interest Coverage5.6x
ROIC10.5%
FCF Yield8.3%

Tap for breakdown →

Fair

68

Financial36
Valuation100
Debt82

Tap for breakdown →

Strong

71

Survival Years4.6 yrs
Current Ratio1.53x
FCF Margin17.5%

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Score Changes

4 historical score records available

Previous Score

66

Sep 28, 2026

Change

-1.5

points

Current Score

65

Oct 1, 2026

Category Changes

Revenue-1.3
Debt0
Assets-1.4
Capital-1.0
Management0
Moat0
Valuation0
Buffett-0.5

HAFN decreased 1.5 points because some fundamentals weakened.

Projected Score

Projected Score

74

Projected Change

+9.0 points

Preliminary comparable-period financial changes suggest improvement of approximately 9.0 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Undervalued

Current Price

$10.84

Model Intrinsic Value

$28.81

Difference

−$17.97

-62.4% vs IV

Margin of Safety

62.4%

UndervaluedFair ValueOvervalued
Value Reference: $17.29
Deep Discount Reference: $11.52

Financial Charts

Revenue

2016201720182019202020212022202320242025$0$750M$1.5B$2.3B$3.0B

Additional Metrics

Operating Cash Flow

201620172019202120232025$0$300M$600M$900M$1.2B

Total Debt

201620172019202120232025$0$450M$900M$1.4B$1.8B

Total Assets

201620172019202120232025$0$1.0B$2.0B$3.0B$4.0B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019201820172016
Revenue$2.63B$2.35B$2.87B$2.67B····························
Cost of Revenue$2.00B$1.93B$2.02B$1.82B····························
Gross Profit$626.2M$423.2M$849.6M$852.1M····························
Research & Development$0.00$0.00$0.00$0.00····························
SG&A Expenses$75.4M$87.4M$50.6M$42.8M····························
Operating Expenses$69.6M$87.4M$43.9M-$5.8M····························
EBITDA$822.3M$620.1M$1.05B$1.09B····························
Operating Income$556.6M$335.8M$805.7M$857.9M····························
Interest Expense$50.9M$59.8M$60.5M$77.4M····························
Income Before Tax$646.0M$352.2M$778.5M$799.5M····························
Income Tax Expense$548K$2.6M$4.4M$6.3M····························
Net Income$645.5M$349.7M$774.0M$793.3M····························
Basic EPS$1.30$0.70$1.52$1.57····························
Basic Shares499M498M510M505M····························
Diluted Shares506M504M515M509M····························
Upgrade to Premium for up to 10 annual periods, where available.
Upgrade to Premium

Earnings Summary

Estimated earnings date:Nov 18, 2026
Estimated EPS: $0.31Estimated revenue: $292.6M
Jun 30, 2026Q2FY2026

Revenue

$776.8M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$0.52

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

-14.1%

Cash Change

+12.3%

Margin Change

+20.5 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Margins expanded
  • Cash position grew
  • Debt reduced

Potential Score Impact

Positive indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 40.2%. EPS increased 246.7%. Cash increased 12.3%. Total debt declined 14.1%. Net income margin improved by 20.5 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 121 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

41

Smart Money

41

Number of Gurus

1

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Log in to view dividend history.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

4 historical records
Jul 23, 26Aug 14, 26Sep 28, 26Oct 1, 260255075100

Historical Score Chart

3 of 4 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 1 more record and the complete score history.Start Free Trial

Wall Street Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Debt Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Revenue Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Asset Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Capital Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Management Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Moat Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Valuation Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Buffett Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Intrinsic Value

Aug 14, 26Sep 28, 26Oct 1, 26$15.00$20.00$25.00$30.00$35.00

Value Reference

Aug 14, 26Sep 28, 26Oct 1, 26$9.00$12.00$15.00$18.00$21.00

Margin of Safety %

Aug 14, 26Sep 28, 26Oct 1, 260.5%0.6%0.6%0.7%0.7%

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News

Rumor Mill · HAFN

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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