Hafnia Limited — Marine Shipping. Scored on the same transparent model behind the daily rankings.
★
HAFN
Hafnia Limited · Marine Shipping
FCF$981mC+
Rev+7.4%B
D/E0.40B+
P/E9.1xA
PEG——
72.0Score
$8.16$4.1B
1Y Target$8.81Model estimate · no analyst coverage
5Y Target$11.13Compound horizon
10Y Target$14.27Long-dated conviction
FCF$981mTTMC+
FCF $981m — respectable but not differentiating
Rev+7.4%TTM YoYB
Revenue +7.4% — at or above S&P median
D/E0.40B+
D/E 0.40 — below the Industrials debt median (≈40th pctile)
P/E9.1xA
P/E 9.1 — cheapest decile in Industrials (≈10th pctile)
PEG——
PEG not meaningful — earnings growth negative or data unavailable
Forward price target — the 1-year figure is the analyst consensus where the stock is covered; the 5- and 10-year figures compound our earnings estimate from there. The DCF below is a separate cross-check on intrinsic value (what it's worth today), not another target.
Quality-growth score · 72
Quality93.7
Growth43.1
Value96.3
Why this score
Raising its dividend
Short track record
Entry · Margin of safety
52-week rangeNear 52-week high
14% off the 12-month high
vs DCF fair value66% belowest. fair value ~$24
What the price assumes: outright free-cash-flow decline for the next decade — vs the ~-5% a year our model projects from current growth and analyst estimates.
Quality signals · context only
ROIC19.1% · A-return on invested capital — not score-weighted
Model-generatedGenerated by the Bull Rankings model from this company's reported fundamentals, and checked against the figures shown above.
Why now
Hafnia’s 27% profit margin and $981M in trailing free cash flow prove it’s a cash‑generating machine in a commoditized industry, but the real kicker is its 33.6% ROE — driven by owning the cheapest‑to‑operate segments (Long Range II and MR) and locking in multi‑year charters with national oil companies. The company’s fleet is optimized for the highest‑margin clean product trades, where Hafnia’s scale and vessel specialization command a premium over generic tanker operators. The crux? This ROE isn’t cyclical; it’s structural, baked into Hafnia’s mix of modern, fuel‑efficient ships and sticky customer relationships with integrated oil majors.
Moat
Hafnia’s edge is its category leadership in Long Range II tankers, a segment where newer, larger vessels achieve lower operating costs per ton‑mile than older fleets, creating a durable cost advantage that competitors can’t replicate without multi‑billion‑dollar capex. The company’s customer concentration in national oil companies isn’t a risk—it’s a moat: these buyers prioritize reliability and fuel efficiency, and switching costs are high due to the specialized nature of Hafnia’s fleet. ROE of 33.6% isn’t just pricing power; it’s the result of pricing power from owning a significant share of the LR2 fleet, a scale that lets Hafnia dictate terms in tight market cycles.
Risk
The bear case is simple: Hafnia’s P/E of 8.4x assumes a permanent state of tight clean‑product tanker markets, but history shows these cycles reset every 5‑7 years as newbuilds flood the market—eroding freight rates and compressing margins. The company’s debt‑to‑equity of 0.4 is manageable now, but a prolonged downturn could force asset sales at depressed valuations, triggering a liquidity crunch. The concrete signal to sell? A sustained drop in LR2 spot rates paired with a dividend cut—both would confirm the cycle has turned against Hafnia’s high‑fixed‑cost model.
Horizon
1-3 yr $8.81 (structural (no analyst coverage)) — multiple re-rating thesis requires a catalyst. 5 yr $11.13 at ~6% CAGR — dividend + buyback compounding. 10 yr $14.27 if the moat survives secular pressure.
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.
HAFN vs the Top Picks average
Pillar
HAFN
Book avg
Diff
Quality
0.94
0.84
+0.10
Growth
0.43
0.84
-0.41
Value
0.96
0.78
+0.18
Averaged across the 30 names in today's Top Picks (mean score 81.5). A name can beat these averages and still be absent from the book — it also applies concentration limits.
Score history · HAFN
Trend
+24.8 over 47 daily scores
From 47.2 (Jun 22) → 72.0 (now)
One point per daily model run. The range autoscales, so a flat-looking line can still hide 1–2 point moves — read the From → To values for the actual range.
Analyst estimate revisions
30-day change
+0.0%
90-day change
+6.3%
Forward EPS estimate
$0.68
Over the last 90 days, what analysts expect HAFN to earn is materially higher (+6.3%). The estimate is derived from price and forward P/E captured at the same instant, so a moving share price does not move this number — only a changed forecast does.
A rising estimate means expectations are improving, not that the price has failed to keep up — and estimates get cut as readily as they get raised. It is not part of the Bull Rankings score. Biggest movers across the market →
Position sizing · HAFN
$
%
%
Shares to buy
245
Position size
$1,999
4.0% of portfolio
Stop price
$6.12
25% below $8.16
$ at risk if stopped
$499.80
budget $500.00 · 1% of portfolio
Math only — share count is floor(portfolio × risk% ÷ (price × stop%)). Doesn't account for commissions, slippage, gap risk, or position-correlation across your book. Inputs persist locally; never sent to the server. Not investment advice.
Hafnia Limited (HAFN): score, valuation & FAQ
Hafnia Limited (HAFN) is a Marine Shipping company that scores 72 out of 100 on the Bull Rankings quality-growth model — a solid, above-average reading. The score blends three pillars — quality (durable returns, healthy margins, low leverage), growth (revenue and earnings), and value (valuation versus sector peers) — into one number, refreshed daily; it is a screen, not a buy recommendation.
Its strongest graded signals are P/E (A) and D/E (B+). On valuation, HAFN sits about 66% below our discounted-cash-flow fair value (a margin of safety) — the current price implies outright free-cash-flow decline over the next decade.
Is HAFN a good stock to buy?
Bull Rankings scores HAFN 72 out of 100 on its quality-growth model, which is a solid, above-average reading. That is driven by P/E (A) and D/E (B+). A score is a quantitative screen of Hafnia Limited's fundamentals, not personalised financial advice — weigh it against your own time horizon and risk tolerance, and read the risk factors below before acting.
Why does HAFN score 72 on Bull Rankings?
The quality-growth score blends three pillars — quality (returns on capital, margins, leverage, earnings quality), growth (revenue and earnings expansion), and value (valuation versus sector peers). HAFN earns its highest marks on P/E (A) and D/E (B+). Each pillar is graded against sector-aware thresholds, then combined into the single 0–100 score.
Is HAFN overvalued or undervalued?
Based on $8.16, HAFN sits about 66% below our discounted-cash-flow fair value (a margin of safety) — the current price implies outright free-cash-flow decline over the next decade. It trades at a 9.1x P/E (graded A). Discounted-cash-flow estimates are sensitive to growth and discount-rate assumptions, so treat this as a cross-check, not a price target.
What are the main risks of investing in HAFN?
The bear case is simple: Hafnia’s P/E of 8.4x assumes a permanent state of tight clean‑product tanker markets, but history shows these cycles reset every 5‑7 years as newbuilds flood the market—eroding freight rates and compressing margins. The company’s debt‑to‑equity of 0.4 is manageable now, but a prolonged downturn could force asset sales at depressed valuations, triggering a liquidity crunch. The concrete signal to sell? A sustained drop in LR2 spot rates paired with a dividend cut—both would confirm the cycle has turned against Hafnia’s high‑fixed‑cost model.
Bull Rankings is an automated fundamentals screen for research and education. It is not investment advice, and nothing here is a recommendation to buy or sell any security. Do your own research and consider consulting a licensed financial advisor.