HAFN Valuation

Hafnia Ltd

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5.530

0(0.000%)1D

Overview
Forecast
Valuation
Earnings

HAFN Relative Valuation

HAFN's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, HAFN is overvalued; if below, it's undervalued.

Historical Valuation

Hafnia Ltd (HAFN) is now in the Overvalued zone, suggesting that its current forward PS ratio of 2.84 is considered Overvalued compared with the five-year average of 8.71. The fair price of Hafnia Ltd (HAFN) is between 3.07 to 5.11 according to relative valuation methord. Compared to the current price of 5.53 USD , Hafnia Ltd is Overvalued By 8.32%.

Relative Value

Fair Zone

3.07-5.11

Current Price：5.53

8.32%

Overvalued

6.86

Trailing

Forward

6.02

EV/EBITDA

Hafnia Ltd. (HAFN) has a current EV/EBITDA of 6.02. The 5-year average EV/EBITDA is 5.65. The thresholds are as follows: Strongly Undervalued below 0.88, Undervalued between 0.88 and 3.26, Fairly Valued between 8.03 and 3.26, Overvalued between 8.03 and 10.42, and Strongly Overvalued above 10.42. The current Forward EV/EBITDA of 6.02 falls within the Historic Trend Line -Fairly Valued range.

9.27

EV/EBIT

Hafnia Ltd. (HAFN) has a current EV/EBIT of 9.27. The 5-year average EV/EBIT is -41.01. The thresholds are as follows: Strongly Undervalued below -483.41, Undervalued between -483.41 and -262.21, Fairly Valued between 180.19 and -262.21, Overvalued between 180.19 and 401.39, and Strongly Overvalued above 401.39. The current Forward EV/EBIT of 9.27 falls within the Historic Trend Line -Fairly Valued range.

2.84

Hafnia Ltd. (HAFN) has a current PS of 2.84. The 5-year average PS is 1.90. The thresholds are as follows: Strongly Undervalued below 0.59, Undervalued between 0.59 and 1.25, Fairly Valued between 2.55 and 1.25, Overvalued between 2.55 and 3.20, and Strongly Overvalued above 3.20. The current Forward PS of 2.84 falls within the Overvalued range.

5.27

P/OCF

Hafnia Ltd. (HAFN) has a current P/OCF of 5.27. The 5-year average P/OCF is 3.82. The thresholds are as follows: Strongly Undervalued below 1.08, Undervalued between 1.08 and 2.45, Fairly Valued between 5.18 and 2.45, Overvalued between 5.18 and 6.55, and Strongly Overvalued above 6.55. The current Forward P/OCF of 5.27 falls within the Overvalued range.

8.27

P/FCF

Hafnia Ltd. (HAFN) has a current P/FCF of 8.27. The 5-year average P/FCF is 4.80. The thresholds are as follows: Strongly Undervalued below -1.33, Undervalued between -1.33 and 1.74, Fairly Valued between 7.87 and 1.74, Overvalued between 7.87 and 10.93, and Strongly Overvalued above 10.93. The current Forward P/FCF of 8.27 falls within the Overvalued range.

Hafnia Ltd (HAFN) has a current Price-to-Book (P/B) ratio of 1.19. Compared to its 3-year average P/B ratio of 1.36 , the current P/B ratio is approximately -12.81% higher. Relative to its 5-year average P/B ratio of 1.09, the current P/B ratio is about 9.06% higher. Hafnia Ltd (HAFN) has a Forward Free Cash Flow (FCF) yield of approximately 32.12%. Compared to its 3-year average FCF yield of 25.26%, the current FCF yield is approximately 27.15% lower. Relative to its 5-year average FCF yield of 23.69% , the current FCF yield is about 35.60% lower.

1.19

P/B

Median3y

1.36

Median5y

1.09

32.12

FCF Yield

Median3y

25.26

Median5y

23.69

Competitors Valuation Multiple

The average P/S ratio for HAFN's competitors is 2.51, providing a benchmark for relative valuation. Hafnia Ltd Corp (HAFN) exhibits a P/S ratio of 2.84, which is 12.96% above the industry average. Given its robust revenue growth of -56.64%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Himalaya Shipping Ltd

2.41

-4.17%

348.19M

Performance Decomposition

Market capitalization of HAFN decreased by 23.08% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 2.69 to 4.50.

The secondary factor is the Margin Expansion, contributed -33.61%to the performance.

Overall, the performance of HAFN in the past 1 year is driven by P/E Change. Which is more unsustainable.

-56.64%

784.89M → 340.30M

Revenue Growth

-33.61%

27.97 → 18.57

Margin Expansion

67.17%

2.69 → 4.50

P/E Change

-23.08%