COMPARE · Data as of August 21, 2026

HAFN vs ZTO

Verdict: Side-by-side breakdown using the Bull Rankings model. HAFN scored 72.0, ZTO scored 60.6 — HAFN leads.
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HAFN
Hafnia Limited
Marine Shipping · Quality-Growth
72
$8.16 · $4.1B
Score gap
11.4
HAFN leads
ZTO
ZTO Express (Cayman) Inc.
Integrated Freight & Logistics · Quality-Growth
60.6
$21.37 · $16.2B
fundamentals as of
  • CheapestHAFN9.1x
  • Fastest growthZTO+10.9%
  • Strongest balance sheetZTO0.35
  • Highest qualityHAFN94 / 100
  • Largest discount to fair valueHAFN-66%
THE BULL RANKINGS SCORECARD72.0/ 100 · BULL SCOREPEER MEDIANQUALITY93.7GROWTH43.1VALUE96.3
THE BULL RANKINGS SCORECARD60.6/ 100 · BULL SCOREPEER MEDIANQUALITY74.3GROWTH84.3VALUE64.4
HAFNZTOQuality93.774.3Growth43.184.3Value96.364.4
cheap & fastrevenue growth →← cheaper (lower multiple)-3%21%4.1x16xHAFNZTO

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.

FCFHAFN$981mZTO$483m
RevHAFN+7.4%ZTO+10.9%
D/EHAFN0.40ZTO0.35
P/EHAFN9.1xZTO11.2x
HAFN
stronger →← stronger
ZTO
94
Qualityreturns · margins · balance sheet
74
43
Growthrevenue & earnings expansion
84
96
Valuevaluation vs sector peers
64
HAFN is stronger on 2 of 3 pillars.
HAFN
ZTO
$981mC+
FCF
$483mC
+7.4%B
Rev
+10.9%B
0.40B+
D/E
0.35A-
9.1xA
P/E
11.2xA
PEG
1.14B+
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.
HAFN
ZTO
66% below
Price vs fair valuelower is cheaper
90% above
decline
Growth the price implies10-yr FCF · lower = less priced in
~24%/yr
+226%
1-yr DCF upside
-53%
+193%
5-yr DCF upside
-47%
+153%
10-yr DCF upside
-38%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
HAFN
Why this score
  • Raising its dividend
  • Short track record
ZTO
Why this score
  • Buying back stock
  • Raising its dividend
  • Foreign reporter (CNY)
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.
ZTOZTO Express (Cayman) Inc.
Integrated Freight & Logistics · $21.37 · beta -0.22
Why now
Integrated Freight & Logistics · market cap $16.2b. 18% off the 52-week high of $26.20. Revenue growing +11%, comfortably above the S&P median. 18 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $28.73 (implying +34% upside).
Moat
Net margin 18% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 14% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere.
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.
Generating verdict… typically 5–10 seconds
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 HAFN and ZTO diverge

On the headline score the gap is 11.4 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.