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Hafnia Ltd (HAFN) stock

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NYSE: HAFN NYSE Marine Transportation Next results ~November 18, 2026

C Fundamentals grade

Hafnia Ltd is a US-listed company in the marine transportation industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$22

Cash-flow model

Base case. Range ~$16–$30 across our lower- and higher-growth cases (-1%–9% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 115% above it.

Price used: $10.19, November 2, 2026

Hafnia Ltd valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 3 sales by directors and officers, last 12 monthsInsider trades
  • Funds88 adding, 72 cuttingOf 30 active managers that changed their stake, 20 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Hafnia files

Where Hafnia stands after its latest Filing

Revenue for the twelve months was $2.28bn. That puts it 36 of 40 for growth among the marine transportation companies we cover. Free-cash-flow margin held at 20.0%. The diluted share count is down 2.1% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 3 of our 6 financial-health checks. Our cash-flow model value is $21.95 a share, against a share price of $10.87. At that price, our model says the market is pricing in cash flow shrinking about 6.8% a year for five years, slower than the 5.8% a year revenue growth it has delivered.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 18, 2026 (estimated)

Hafnia Ltd's trailing-twelve-month revenue fell 20.5% year on year, with a free-cash-flow margin of 20.0%. Where it stands out: stock pay as % of revenue of 0.1% ranks 6 of 34 marine transportation companies we cover. Where it lags: days sales outstanding of 83 days ranks 31 of 33 marine transportation companies we cover.

Our discounted-cash-flow model values the business at ~$22 per share in the base case (~$16–$30 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -20.5% (-27.8pp vs the prior quarter), the 2nd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $10.19 is 115% below our value per share of $22.
  • Strong cash generation. 20.0% of revenue turned into free cash flow, against a median of 13.6% for marine transportation companies we cover.
  • Shrinking share count. Diluted shares fell 2.1% in a year, so each share owns more of the business.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 10.9% over 90 days.

Things to watch

  • Revenue shrinking. Revenue fell 20.5% over the last 12 months.
  • Growth slowing. The growth rate is 27.8 points lower than a quarter earlier.
  • Margins narrowing. Operating margin is down 11.9 points on a year ago.
  • Gross margin slipping. Gross margin is down 6.6 points on a year ago.
  • Below peers: days sales outstanding. Days sales outstanding of 83 days ranks 31 of 33 marine transportation companies we cover (median 19 days).
  • Short interest rising. Shares sold short rose 275% in a month to 5.4% of tradable shares.

Latest results

Earnings per share
$0.47 against an average estimate of $0.51: missed by 7.3%
Next report
November 18, 2026; average EPS estimate $0.30

Hafnia's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-6.3%
  • 1 week-5.4%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.3B
Operating margin
16.2%
Net margin
14.9%
EPS (TTM, diluted)
$0.67

Growth

Revenue growth
−20.5%
Change in growth rate
−27.8 pts
Share count change
−2.1%

Cash

Free cash flow (TTM)
$457M
FCF margin
20.0%
Stock pay % of revenue
0.1%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for HAFN from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Hafnia Ltd valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 7.6% a year for five years.That is slower than the 5.8% a year revenue growth Hafnia has delivered.

  • Priced in-7.6%
  • Last 12 months-20.5%
  • 3 years a year5.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($10.30, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$22
Price used
$10.30close November 3, 2026
Implied change
▲ +113%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Hafnia Ltd's free cash flow after stock-based pay with after-tax interest added back ($644M, FY2025 Q4 TTM), growing 4% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$16–~$30 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Hafnia Ltd's free cash flow after stock-based pay ( $644M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Hafnia Ltd as an operating company, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.84 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$22 ~$16–$30 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$0.8 ~$3.2–$10 Left out: out of range vs price (0.08x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$19 ~$15–$25 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$25 ~$21–$30 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$22 ~$19–$25 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hafnia Ltd with Marine Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −28%
  • Revenue growth 5 points higher ▲ +37%
  • Free-cash-flow margin 1 point lower ▼ −5%
  • Last year's free-cash-flow margin change, if it persists ▼ −42%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $17$23$32$43$58$78
8.5% $12$17$23$32$42$56
10% $10$13$18$25$33$43

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 18, 2026, after the close. Analysts expect revenue of $297m and EPS of $0.30 (range $0.30 to $0.30) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.37 +98% $1.4bn +45%
Next $0.71 −48% $1.3bn −12%

Next year's EPS estimate has moved +10.9% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +75.6% on 90 days ago. In the last 30 days, 1 analyst raised Hafnia Ltd's forecast and 0 cut it.

Consensus EPS forecast Hafnia Ltd, last 90 days
$0.60 $0.80 $1.00 $1.20 $1.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.78 Current fiscal year, 60 days ago: $1.32 Current fiscal year, 30 days ago: $1.32 Current fiscal year, 7 days ago: $1.32 Current fiscal year, Now: $1.37 $1.37 Next fiscal year, 90 days ago: $0.64 Next fiscal year, 60 days ago: $0.68 Next fiscal year, 30 days ago: $0.68 Next fiscal year, 7 days ago: $0.68 Next fiscal year, Now: $0.71 $0.71

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.78$0.64
60 days ago $1.32$0.68
30 days ago $1.32$0.68
7 days ago $1.32$0.68
Now $1.37$0.71

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.51 $0.47 −7.3%
Mar 2026 $0.25 $0.29 +17.1%
Dec 2025 $0.22 $0.24 +7.0%
Sept 2025 $0.16 $0.18 +11.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

2 analysts, Nov 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Nov 2026112
  2. Oct 2026112

Counts of recommendations published by analysts covering Hafnia Ltd, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.4%
of tradable shares
Days to cover
1.31
at average volume
Short interest, 1 month
+275%
to October 15, 2026
Held by institutions
37%
of shares
Held by insiders
42.7%
of shares
Employees
4,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Options strategies

All options ideas

How Hafnia Ltd’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Hafnia Ltd in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Hafnia Ltd
$1.5B $2B $2.5B $3B FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY22 Q4: $1.9B Revenue (TTM), FY23 Q4: $2.7B Revenue (TTM), FY24 Q4: $2.9B Revenue (TTM), FY25 Q4: $2.3B $2.3B

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY22 Q4 $1.9B
FY23 Q4 $2.7B
FY24 Q4 $2.9B
FY25 Q4 $2.3B
Operating margin (TTM) Hafnia Ltd
10% 20% 30% 40% 50% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY22 Q4: 42.7% Operating margin (TTM), FY23 Q4: 32.1% Operating margin (TTM), FY24 Q4: 28.1% Operating margin (TTM), FY25 Q4: 16.2% 16.2%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY22 Q4 42.7%
FY23 Q4 32.1%
FY24 Q4 28.1%
FY25 Q4 16.2%
FCF margin (TTM) Hafnia Ltd
15% 20% 25% 30% 35% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY22 Q4: 16.8% FCF margin (TTM), FY23 Q4: 32.8% FCF margin (TTM), FY24 Q4: 34.2% FCF margin (TTM), FY25 Q4: 20.0% 20.0%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY22 Q4 16.8%
FY23 Q4 32.8%
FY24 Q4 34.2%
FY25 Q4 20.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Hafnia took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $2.3B
  2. Cost of revenue $1.3B · 58.1%
  3. Gross profit $956M · 41.9%
  4. Other operating costs $586M · 25.7%
  5. Operating income $370M · 16.2%
  6. Interest and other $27.4M · 1.2%
  7. Net income $340M · 14.9%

Shares of revenue. Source: Hafnia's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 1,927 2,672 2,869 2,282
Gross profit 1,347 1,367 1,391 956
EBITDA 824 859 807 370
Operating income 823 858 806 370
Net income 752 793 774 340
Diluted EPS $1.54 $1.56 $1.50 $0.67
Growth (year on year)
Revenue — +38.7% +7.4% −20.5%
EBITDA — +4.2% −6.1% −54.1%
Operating income — +4.2% −6.1% −54.1%
Net income — +5.5% −2.4% −56.1%
Diluted EPS — +1.3% −3.8% −55.3%
Margins
Gross margin 69.9% 51.2% 48.5% 41.9%
EBITDA margin 42.8% 32.2% 28.1% 16.2%
Operating margin 42.7% 32.1% 28.1% 16.2%
Net margin 39.0% 29.7% 27.0% 14.9%
Free-cash-flow margin 16.8% 32.8% 34.2% 20.0%
Cash flow
Cash from operations 771 1,061 1,030 603
Capital spending 447 184 50 146
Free cash flow 324 876 981 457
Stock-based pay 2 3 3 3
Free cash flow after stock pay 322 874 978 453
Balance sheet
Cash 280 223 284 193
Total debt 0 1,292 1,122 1,123
Net debt (negative = net cash) −280 1,070 839 930
Diluted shares 489m 509m 515m 504m
Returned to shareholders
Dividends 244 544 700 199
Total returned 244 544 700 199

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · December 31, 2025
What it owns · $3.8bn
Short-term assets $844mLonger-term assets $3.0bn
What it owes, and who funded it · $3.8bn
Short-term liabilities $572mLonger-term liabilities $910mShareholders' equity $2.3bn
  • Short-term assets cover short-term liabilities $844m of assets due within a year against $572m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $844m short-term assets against $910m of longer-dated liabilities.
  • More cash than debt $193m of cash against $1.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 48% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $603m of operating cash flow against $1.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of $370m against $50m of interest.

From Hafnia Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$199M
Returned to shareholders
43%
of free cash flow
Diluted share count
−2.1%
year over year
Total shareholder yield
3.9%
dividends 3.9% + buybacks 0.0% of market value
Dividend payout ratio
59%
of net income paid out
Days sales outstanding
83 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in marine transportation
Last 12 months unless stated HAFN MATX KEX NMM INSW DAC Median
Revenue, last 12 months $2.3bn $3.5bn $3.5bn $1.3bn $1.3bn $1.0bn $329m
Revenue growth, last 12 months −20.5% −0.2% 6.6% 0.8% 57.4% 2.8% 0.8%
Revenue growth, 3-year average — 0.6% 5.1% 89.3% 2.9% 21.0% 16.8%
Revenue growth, latest quarter — 16.7% 7.8% — 138.8% — 43.1%
Gross margin 41.9% — — 90.5% — — 64.5%
Operating margin 16.2% 15.2% 14.0% — 64.2% 47.8% 18.6%
Operating margin, 3-year average — 14.5% 13.1% — 51.4% 47.1% 13.1%
Net margin 14.9% 13.4% 10.2% 21.2% 62.0% 47.4% 13.3%
Cash from operations / revenue 26.4% 16.9% 20.3% 37.6% 50.4% 61.8% 33.1%
Free-cash-flow margin 20.0% 6.0% 13.6% 20.9% 50.3% 46.2% 14.2%
Free-cash-flow margin, 3-year average — 8.3% 9.4% −6.7% 51.9% 35.4% 9.4%
Stock pay / revenue 0.1% 0.7% 0.5% 0.0% 0.6% 1.6% 0.7%
Change in share count −2.1% −7.1% −5.1% — 0.2% −4.7% 0.5%

Median of all 42 companies we cover in marine transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

42 marine transportation companies
Measure Company Peer median Rank
Revenue growth Growth -20.5% 0.8% 36 of 40
Change in growth rate Growth -27.8pp +0.7pp 33 of 40
Gross margin Profitability 41.9% 62.3% 6 of 10
Operating margin Profitability 16.2% 19.8% 22 of 40
Net margin Profitability 14.9% 13.4% 18 of 42
Free-cash-flow margin Cash generation 20.0% 13.6% 15 of 41
Stock pay as % of revenue Cash generation 0.1% 0.9% 6 of 34
Long-term debt as % of assets Balance sheet 23.9% 24.2% 17 of 35
Change in share count Balance sheet -2.1% 0.5% 10 of 39
Days sales outstanding Balance sheet 83 days 19 days 31 of 33

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$620M
Institutions reporting
157
Shares held vs prior quarter
▲ 4.0%
Positions opened / closed
39 / 20

Top buyers and sellers, Q2 2026: 88 institutions bought and 72 sold ; the biggest buyer was Barclays PLC (+3.1M shares) and the biggest seller Assenagon Asset Management S.A (−4.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Mhr Fund Management LLC $136M 20.4M 21.9% ▲ 10.5%
Arrowstreet Capital, Limited Partnership $69.1M 10.5M 11.1% ▼ 2.9%
Acadian Asset Management LLC $52.4M 8.0M 8.5% 0.0%
Vanguard Capital Management LLC $50.2M 7.7M 8.1% ▼ 3.2%
Barclays PLC $42.5M 6.4M 6.9% ▲ 96.3%
Jpmorgan Chase & Co $28.9M 4.2M 4.7% ▲ 26.5%
Goldman Sachs Group Inc $26.9M 4.1M 4.3% ▼ 31.1%
Jane Street Group, LLC $16.5M 2.5M 2.7% ▲ 85.6%
UBS Group AG $14.8M 2.2M 2.4% ▲ 170.4%
Fearnley Asset Management As $14.6M 2.2M 2.4% ▼ 29.4%
Vanguard Fiduciary Trust Co $14.1M 2.2M 2.3% ▼ 1.7%
Bank Of New York Mellon Corp $11M 1.7M 1.8% ▼ 1.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Hafnia Ltd's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $8.9M 3 trades by 2 insiders · 0% under pre-set plans
Net ▼ $8.9M net selling
Insider Date Trade Shares Price Value
Skov Mikael Opstun Chief Executive Officer April 13, 2026 Sell 500,000 $8.11 $4.1M
Skov Mikael Opstun Chief Executive Officer April 10, 2026 Sell 500,000 $8.12 $4.1M
Van Echtelt Petrus Wouter Chief Financial Officer April 7, 2026 Sell 90,000 $8.22 $739,800

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K

Data status

When each part of this page on Hafnia Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Hafnia Ltd in brief

What does Hafnia Ltd do?
Hafnia Ltd is a US-listed company in the marine transportation industry. Its financial year ends in December.
What is Hafnia Ltd's stock ticker?
Hafnia Ltd trades under the ticker HAFN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Hafnia Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Hafnia Ltd reported revenue of $2.3B, 20.5% lower than a year earlier, according to its SEC filings.
What is Hafnia Ltd's free cash flow?
Hafnia Ltd's free-cash-flow margin is 20.0% of revenue over the trailing twelve months, ranking 15 of the 41 marine transportation companies we cover.
What is Hafnia Ltd's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Hafnia Ltd's free cash flow after stock-based pay gives ~$22 per share in the base case, and ~$16–$30 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Hafnia Ltd's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Mhr Fund Management LLC, Arrowstreet Capital, Limited Partnership and Acadian Asset Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Does Hafnia Ltd pay a dividend?
Yes: Hafnia Ltd paid $199M in dividends over the trailing twelve months, a dividend yield of 3.87% and a payout ratio of 58.5%.
How much debt does Hafnia Ltd have?
Hafnia Ltd's debt-to-equity ratio is 48.2%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Hafnia Ltd's competitors?
In our Marine Transportation peer group, the companies closest to Hafnia Ltd are Matson, Inc., Kirby Corp, Navios Maritime Partners L.p., International Seaways, Inc. and Danaos Corp. The side-by-side comparison below sets their revenue, margins and growth against Hafnia Ltd's.
Are insiders buying or selling Hafnia Ltd stock?
Over the last 12 months, Hafnia Ltd's directors and officers reported 0 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is Hafnia Ltd's next earnings date?
Around November 18, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Hafnia Ltd announces its own schedule.