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 5,444 - -
Change - 257.27% 36.83% -23.29% 0.48% 101.69% - -
Enterprise Value (EV) 1 1,948 4,161 4,653 3,613 3,719 5,908 5,762 5,748
Change - 113.63% 11.84% -22.34% 2.91% 58.89% -2.47% -0.26%
P/E -12.9x 3.17x 4.27x 3.6x 8.51x 5.73x 8.85x 14.8x
PBR 0.66x 1.21x 1.46x - 1.22x 1.87x 1.95x 1.96x
PEG - -0x 1.26x 1.39x -0.1x 0x -0.3x -0.4x
Capitalization / Revenue 1.68x 1.85x 2.48x 1.88x 2.73x 3.8x 4.31x 5.95x
EV / Revenue 4.57x 3x 3.3x 2.53x 3.77x 4.13x 4.56x 6.28x
EV / EBITDA 12.8x 4.13x 4.59x 3.64x 6.65x 5.82x 7.53x 10.2x
EV / EBIT 24,969x 5.22x 5.8x 4.65x 10.4x 6.94x 10.5x 17x
EV / FCF 33.3x 14.7x 5.31x 3.68x 15.5x 6.33x 6.4x 21.4x
FCF Yield 3.01% 6.79% 18.8% 27.1% 6.43% 15.8% 15.6% 4.67%
Dividend per Share 3 - 8.354 10.58 13.02 5.243 15.12 10.05 5.996
Rate of return - 16.6% 15.1% 21.4% 9.64% 15.1% 10% 5.98%
EPS 3 -1.349 15.91 16.45 16.88 6.396 17.48 11.32 6.783
Distribution rate - 52.5% 64.3% 77.2% 82% 86.5% 88.7% 88.4%
Net sales 1 426.1 1,387 1,412 1,426 987 1,432 1,264 914.6
EBITDA 1 151.8 1,007 1,013 992.3 559.5 1,016 765.4 563.6
EBIT 1 0.078 797.7 801.9 777.2 357.4 851.9 550.6 338
Net income 1 -55.49 751.6 793.3 774 339.7 936.6 658.8 379.8
Net Debt 1 1,231 1,601 1,151 927 1,019 464.2 318.1 303.3
Reference price 3 17.38 50.40 70.20 60.75 54.40 100.20 100.20 100.20
Nbr of stocks (in thousands) 363,158 500,353 505,899 502,924 497,990 499,781 - -
Announcement Date 15/03/22 28/02/23 05/03/24 25/02/25 26/02/26 - - -
1NOK in Million2USD in Million3NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.19x4.4x6.16x14.18% 5.44B
24.84x3.33x13.22x5.64% 110B
30.01x10.09x14.65x2.82% 91.59B
12.98x1.87x10.69x5.74% 84.33B
22.06x5.89x11.84x3.5% 75.68B
12.03x1.14x7.29x6.55% 71.9B
27.53x4.58x14.56x1.6% 66.98B
23.39x9.62x12.91x3.89% 67.11B
40.33x3.81x10.36x0.73% 65.13B
13.89x6.55x11.84x7.59% 60.72B
Average 21.33x 5.13x 11.35x 5.22% 69.87B
Weighted average by Cap. 22.93x 5.15x 12.00x 4.37%

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
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