# Hafnia Limited (HAFN) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials. Price $9.22, market value $4.6 billion.

## Valuation
- **P/E (trailing): 7.1×** (5-yr avg 5.2×, 3-yr avg 5.2×). Hafnia Limited trades at 7.1× trailing earnings, well above its own five-year average of 5.2×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 13.6×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 1.7×**. Each dollar of revenue is priced at 1.7×.
- **Price / book: 2.0×**. The shares trade at 2.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.2×**. Enterprise value is 6.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 12.7%** (5-yr avg 29.9%). Free cash flow equals 12.7% of the market value, below its five-year average of 29.9%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 14.1%**. The inverse of the P/E: 14.1% of the price is earned each year.

## Profitability
- **Gross margin: 24.5%**. Hafnia Limited keeps 24.5% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 22.1%**. 22.1% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 14.9%**. 14.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 14.6%**. 14.6% on shareholders' equity is solid.
- **Return on invested capital: 17.6%**. Return on all capital, debt included, is 17.6%: comfortably above what that capital costs.
- **Return on assets: 17.3%**. Each dollar of assets produces 17.3% of profit.

## Growth
- **Revenue growth (1 yr): -20.5%** (3-yr 5.8%/yr). Revenue fell 20.5% over the last year.
- **EPS growth (1 yr): -55.3%** (3-yr -24.2%/yr). Earnings per share fell 55.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 12.2%/yr**. Free cash flow has compounded at 12.2% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.48**. Debt is 0.48 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.1×**. It would take 1.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 13.0×**. Operating profit covers interest 13.0× over, a safe margin.
- **Current ratio: 1.48** (quick 1.35). Current assets cover the next year's liabilities 1.48 times.
- **Altman Z-score: 3.71**. A Z-score of 3.71 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 12.05%** ($1.11 per share, trailing). Hafnia Limited yields 12.05%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 58%** (63% of free cash flow). 58% of earnings goes out as dividends, leaving room to keep raising it.

## Price and momentum
- **Total return (1 yr): 69.7%** (YTD 88.2%, 3-mo 26.6%). The shares are up 69.7% over twelve months including dividends.
- **From 52-week high: -3.3%** (78.3% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 75**. An RSI of 75 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.14** (volatility 36%). Beta of 0.14 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HAFN · Page: https://foliofundamentals.com/stocks/hafn

Not investment advice.