Hafnia Ltd (HAFN)
Hafnia Limited., an investment holding company, owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), and Handy Size segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies. It also engages in ship owning, chartering, and provision of maritime services in the product and chemical tankers market. The company was formerly known as BW Tankers Limited and changed its name to Hafnia Limited. In January 2019. Hafnia Limited was founded in 2010 and is based in Singapore.
- Symbol
- HAFN
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Marine Shipping
- Market cap
- $4.60B
- 52 week range
- 5.17 - 10.12
Valuation
- Share price
- $9.10 (close of 2026-09-23)
- P/E (TTM)
- 6.01x
- Price to book
- 2.03x
- Price to free cash flow
- 4.69x
- Enterprise value
- $5.44B
- Book value per share
- $4.50
Price performance
| Period | Change |
|---|
| 1 day | -6.28% |
| 5 days | -4.01% |
| 1 month | +11.52% |
| 3 months | +19.42% |
| 6 months | +25.69% |
| Year to date | +70.73% |
| 1 year | +47.25% |
| All time | +23.31% |
Profitability and growth
- Return on equity
- 34.21%
- Return on invested capital
- 25.84%
- Return on assets
- 20.91%
- Return on capital employed
- 26.43%
- Gross margin
- 48.50%
- Net margin
- 26.98%
- EBITDA margin
- 28.09%
- Revenue growth
- 7.37%
- Net income growth
- -2.43%
- Free cash flow growth
- 11.91%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 21.34%
- Current ratio
- 1.38x
- Net debt to EBITDA
- 0.80x
Latest reported year
- Period end
- 2024-12-31
- Fiscal year
- 2024
- Revenue
- $2.87B
- Cost of revenue
- $2.06B
- Gross profit
- $1.39B
- EBITDA
- $805.73M
- Net income
- $774.03M
- Earnings per share
- $1.52
- Shares outstanding
- 510.10M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2024-12-31 | $2.87B | $1.39B | $774.03M | $1.52 |
| 2023-12-31 | $2.67B | $1.37B | $793.27M | $1.57 |
| 2022-12-31 | $1.93B | $1.35B | $751.59M | $1.57 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2024-12-31 | 48.50% | 26.98% | 34.21% | 25.84% |
| 2023-12-31 | 51.15% | 29.69% | 35.61% | 25.83% |
| 2022-12-31 | 69.90% | 39.01% | 37.41% | 23.30% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2024-12-31 | $283.57M | $785.95M |
| 2023-12-31 | $222.52M | $1.03B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2024-12-31 | $980.76M | $2.96M |
| 2023-12-31 | $876.41M | $2.82M |
| 2022-12-31 | $323.76M | $1.76M |
Dividend history
- Most recent payment
- 2026-09-08
- Paid in the last twelve months
- $1.29
| Payment date | Dividend per share |
|---|
| 2026-09-08 | $0.50 |
| 2026-06-03 | $0.29 |
| 2026-03-06 | $0.18 |
| 2026-03-05 | $0.18 |
| 2025-12-09 | $0.15 |
| 2025-09-04 | $0.12 |
| 2025-05-23 | $0.10 |
| 2025-05-22 | $0.10 |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-05-27 | Mar/2026 | - |
| 2026-02-26 | - | - |
| 2025-12-01 | - | - |
| 2025-08-27 | - | - |
| 2025-05-15 | - | - |
| 2025-02-27 | - | - |
| 2024-11-27 | - | - |
| 2024-08-23 | - | - |
Filings and sources
- Company website
- hafnia.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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