Company Valuation: Hafnia Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 716.4 2,560 3,502 2,686 2,699 5,171 - -
Change - 257.27% 36.83% -23.29% 0.48% 91.57% - -
Enterprise Value (EV) 1 1,948 4,161 4,653 3,613 3,719 5,714 5,556 5,565
Change - 113.63% 11.84% -22.34% 2.91% 53.67% -2.77% 0.15%
P/E -12.9x 3.17x 4.27x 3.6x 8.51x 6.43x 10.7x 14.5x
PBR 0.66x 1.21x 1.46x - 1.22x 1.94x 1.94x 1.97x
PEG - -0x 1.26x 1.39x -0.1x 0x -0.3x -0.5x
Capitalization / Revenue 1.68x 1.85x 2.48x 1.88x 2.73x 3.82x 4.3x 5.65x
EV / Revenue 4.57x 3x 3.3x 2.53x 3.77x 4.22x 4.63x 6.08x
EV / EBITDA 12.8x 4.13x 4.59x 3.64x 6.65x 6.17x 8.42x 10.1x
EV / EBIT 24,969x 5.22x 5.8x 4.65x 10.4x 7.96x 13.3x 17.2x
EV / FCF 33.3x 14.7x 5.31x 3.68x 15.5x 6.12x 8.21x 22.2x
FCF Yield 3.01% 6.79% 18.8% 27.1% 6.43% 16.3% 12.2% 4.5%
Dividend per Share 3 - 8.354 10.58 13.02 5.243 13.52 8.19 5.965
Rate of return - 16.6% 15.1% 21.4% 9.64% 13.8% 8.34% 6.08%
EPS 3 -1.349 15.91 16.45 16.88 6.396 15.26 9.19 6.75
Distribution rate - 52.5% 64.3% 77.2% 82% 88.6% 89.1% 88.4%
Net sales 1 426.1 1,387 1,412 1,426 987 1,355 1,201 914.6
EBITDA 1 151.8 1,007 1,013 992.3 559.5 926.4 660 553.6
EBIT 1 0.078 797.7 801.9 777.2 357.4 717.7 418.6 324.3
Net income 1 -55.49 751.6 793.3 774 339.7 825.6 565.1 366.3
Net Debt 1 1,231 1,601 1,151 927 1,019 543.4 385.3 393.6
Reference price 3 17.38 50.40 70.20 60.75 54.40 98.15 98.15 98.15
Nbr of stocks (in thousands) 363,158 500,353 505,899 502,924 497,990 499,781 - -
Announcement Date 3/15/22 2/28/23 3/5/24 2/25/25 2/26/26 - - -
1NOK in Million2USD in Million3NOK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.19x3.25x13.04x5.76% 105B
29.3x9.9x14.35x2.9% 89.05B
11.88x1.74x10.05x6.26% 77.29B
21.46x5.81x11.73x3.57% 74.26B
11.7x1.12x7.18x6.76% 69.73B
23.54x9.48x12.72x4.02% 63.58B
25.71x4.35x13.82x1.71% 62.38B
13.37x6.37x11.49x7.92% 58.26B
35.75x3.48x9.51x0.83% 57.77B
Average 21.88x 5.06x 11.54x 4.41% 73.08B
Weighted average by Cap. 21.94x 5.04x 11.69x 4.5%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Hafnia Limited

Historical PBR trend

Valuation ratios - PBR - Hafnia Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Hafnia Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Hafnia Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Hafnia Limited