COMPARE · Data as of August 21, 2026

CPA vs HAFN

Verdict: Side-by-side breakdown using the Bull Rankings model. CPA scored 67.3, HAFN scored 72.0 — HAFN leads.
Compare another set
CPA
Copa Holdings, S.A.
Airlines · Quality-Growth
67.3
$131.28 · $5.9B
fundamentals as of
Score gap
4.7
HAFN leads
HAFN
Hafnia Limited
Marine Shipping · Quality-Growth
72
$8.16 · $4.1B
  • CheapestCPA8.6x
  • Fastest growthHAFN+7.4%
  • Strongest balance sheetHAFN0.40
  • Highest qualityHAFN94 / 100
  • Largest discount to fair valueHAFN-66%
THE BULL RANKINGS SCORECARD67.3/ 100 · BULL SCOREPEER MEDIANQUALITY77.8GROWTH50.0VALUE78.4
THE BULL RANKINGS SCORECARD72.0/ 100 · BULL SCOREPEER MEDIANQUALITY93.7GROWTH43.1VALUE96.3
CPAHAFNQuality77.893.7Growth50.043.1Value78.496.3
cheap & fastrevenue growth →← cheaper (lower multiple)-5%17%3.6x14xCPAHAFN

Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.

FCFCPA$335mHAFN$981m
RevCPA+5.0%HAFN+7.4%
D/ECPA0.89HAFN0.40
P/ECPA8.6xHAFN9.1x
CPA
stronger →← stronger
HAFN
78
Qualityreturns · margins · balance sheet
94
50
Growthrevenue & earnings expansion
43
78
Valuevaluation vs sector peers
96
HAFN is stronger on 2 of 3 pillars.
CPA
HAFN
$335mC
FCF
$981mC+
+5.0%C+
Rev
+7.4%B
0.89C+
D/E
0.40B+
8.6xA
P/E
9.1xA
0.94B+
PEG
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
CPA
HAFN
9% below
Price vs fair valuelower is cheaper
66% below
~7%/yr
Growth the price implies10-yr FCF · lower = less priced in
decline
-6%
1-yr DCF upside
+226%
+10%
5-yr DCF upside
+193%
+38%
10-yr DCF upside
+153%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
CPA
Why this score
  • Durable high returns
  • Cyclical growth
HAFN
Why this score
  • Raising its dividend
  • Short track record
CPACopa Holdings, S.A.
Airlines · $131.28 · beta 0.99
Why now
Airlines · market cap $5.9b. 18% off the 52-week high of $160.47. PEG 0.94 — paying under fair value for the growth rate. 15 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $178.40 (implying +36% upside).
Moat
Net margin 19% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 24% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately.
Risk
Value re-rating depends on a catalyst. Without one — analyst day, divestiture, margin recovery, capital return — the stock can stay cheap on these multiples for years.
HAFNHafnia Limited
Marine Shipping · $8.16 · beta -0.15
Why now
Marine Shipping · market cap $4.1b. 14% off the 52-week high of $9.54.
Moat
Net margin 27% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 34% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. FCF converts 127% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Value re-rating depends on a catalyst. Without one — analyst day, divestiture, margin recovery, capital return — the stock can stay cheap on these multiples for years.
HAFN leads CPA by 4.7 points (72.0 to 67.3), its sharpest advantage coming in D/E (grade B+). A contrarian could still prefer CPA, which trades about 10% below our DCF fair value — a margin of safety the score doesn't reward. All screen as value-type names but sit in different sectors (Airlines versus Marine Shipping), so their grades are relative to different peer sets.
Our AI analyst is busy right now, so this verdict is drawn directly from the pillars, grades and DCF above.
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.

Where CPA and HAFN diverge

On the headline score the gap is 4.7 points in favor of HAFN. They get there differently, though — each leads on a different pillar, so the better pick depends on which you weight.

Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.