HAFN

Industrials

Hafnia Limited · Marine Shipping · $4B

UQS Score — Balanced Preset
48.7
Below Average

Hafnia Limited scores 48.7/100 using the Balanced preset.

UQS vs Industrials Sector
HAFN
48.7
Sector avg
42.4
Quality
Good
Moat
Weak
Growth
Weak
Risk
Neutral
Valuation
Attractive

What is Hafnia Limited?

Hafnia Limited is one of the world's largest operators of oil product tankers, moving refined petroleum, vegetable oils, and easy chemicals across global trade routes. The company is headquartered in Singapore and incorporated in Bermuda.

Hafnia earns revenue by chartering its fleet of roughly 200 vessels to national oil companies, international energy traders, and chemical producers. Its fleet spans several vessel classes — from large Long Range II tankers down to Handy size ships — allowing it to serve diverse cargo types and trade lanes. Beyond ship ownership, Hafnia generates fees through technical management, commercial chartering, pool management, and bunker desk services, giving it multiple revenue streams within the tanker ecosystem.

Hafnia was established in 2020 and is based in Singapore.

  • Oil product tanker ownership and operation across multiple vessel classes
  • Technical ship management and crewing services
  • Commercial chartering and pool management
  • Bunker desk and procurement services
  • Corporate and agency support for shipping clients

Is HAFN a Good Stock to Buy?

UQS Score rates HAFN as Below Average overall, reflecting meaningful headwinds across several key pillars.

The Quality pillar stands out as the relative bright spot, suggesting the business generates reasonable returns relative to its asset base. Valuation is rated Attractive, meaning the stock may be priced below what fundamentals would typically justify — a potential entry point for investors who can tolerate the risks.

Both the Moat and Growth pillars are rated Weak, pointing to limited competitive differentiation and constrained near-term expansion prospects. The tanker industry's cyclical nature amplifies these concerns.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does HAFN pay dividends?

Yes — Hafnia Limited pays a dividend.

Hafnia pays a regular dividend, which is common among tanker companies that distribute a portion of charter earnings to shareholders. Payouts in the shipping sector tend to fluctuate with freight rate cycles rather than follow a fixed schedule. Investors seeking income should review Hafnia's investor relations page for the most current declared amounts and payment history.

When does HAFN report earnings?

Hafnia Limited reports earnings on a quarterly cadence, consistent with standard practice for internationally listed shipping companies.

Results have tracked broader tanker market conditions, with revenue sensitive to spot freight rates and fleet utilization. The Quality pillar rating suggests the business has maintained reasonable operational discipline through the cycle.

For the most recent quarter's results and guidance, visit Hafnia's official investor relations page.

HAFN Price History

+41.8% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Hafnia Limited?

$
Today it would be worth
$21,722
That's a +117% total return, or +117% annualized.

Based on Hafnia Limited's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

HAFN Long-term Outlook

The Growth pillar's Weak rating signals that near-term expansion of earnings or fleet capacity faces meaningful headwinds, likely tied to softer freight rate expectations and a competitive supply environment. The Neutral Risk rating suggests the balance sheet and operational profile are not under acute stress, providing some stability. With Valuation rated Attractive, the market appears to have already priced in a degree of pessimism, which could limit downside if conditions stabilize.

Growth drivers

  • Potential recovery in refined product trade volumes as global energy demand evolves
  • Fee-based management and pool services providing more stable revenue alongside volatile charter rates
  • Fleet scale enabling cost efficiencies and broader customer access

Key risks

  • Tanker freight rates are highly cyclical and can compress margins quickly
  • Weak Moat rating reflects limited pricing power versus competitors in a commoditized market
  • Geopolitical shifts in oil trade flows can rapidly alter vessel demand patterns

HAFN vs Peers

Hafnia operates in a competitive shipping landscape alongside carriers with distinct business models and geographic focuses.

ZIMHAFN scores higher
ZIM Integrated Shipping Services Ltd.

ZIM focuses on container shipping rather than liquid bulk, serving a different cargo segment with a more asset-light, chartered-fleet model.

MATXHAFN scores lower
Matson, Inc.

Matson concentrates on domestic US island trade lanes and container logistics, giving it a more regulated and geographically protected revenue base.

CMBTHAFN scores lower
Cmb.Tech N.V.

Cmb.Tech operates across both tanker and dry bulk segments with a growing focus on alternative-fuel vessels, positioning it differently on the energy transition curve.

Frequently Asked Questions

What does Hafnia Limited do?

Hafnia owns and operates a large fleet of oil product tankers that transport refined petroleum, vegetable oils, and easy chemicals worldwide. It serves oil majors, trading companies, and chemical producers. Beyond ship ownership, it earns fees through technical management, pool management, and bunker desk services.

Does HAFN pay dividends?

Yes, Hafnia pays a regular dividend. Like most tanker companies, the size of distributions tends to move with freight market conditions rather than a fixed payout formula. Check Hafnia's investor relations page for the latest declared dividend details.

When does HAFN report earnings?

Hafnia reports on a quarterly cadence, in line with standard practice for internationally listed companies. For precise dates, refer to the earnings calendar on Hafnia's investor relations page or major financial data providers.

Is HAFN a good stock to buy?

UQS Score rates HAFN as Below Average overall. The Valuation pillar is Attractive and Quality is Good, but Moat and Growth are both Weak. Whether that profile suits your portfolio depends on your risk tolerance and view of the tanker cycle. The full pillar breakdown is available to Pro members.

Is HAFN overvalued?

The UQS Valuation pillar rates HAFN as Attractive, suggesting the stock is not overvalued relative to its fundamentals at current levels. However, an attractive price alone does not offset the Weak Growth and Moat ratings — context across all five pillars matters.

How does HAFN compare to its competitors?

Hafnia is a pure-play oil product tanker operator, which distinguishes it from peers like ZIM, which focuses on containers, and Matson, which serves domestic US trade lanes. Cmb.Tech is the closest peer in liquid bulk but is investing heavily in alternative-fuel vessels. See the competitor section above for more detail.

What is HAFN's market cap bracket?

Hafnia is classified as a mid-cap company. This places it in a tier with meaningful institutional coverage but more price volatility than large- or mega-cap peers in the broader industrials and shipping sector.

Who founded Hafnia Limited?

Hafnia was established in 2020. The company emerged from the merger of Hafnia Tankers and BW Tankers, with BW Group playing a central role in its formation. For detailed founding history, Hafnia's corporate website provides background on its origins.

Is HAFN a long-term quality investment?

As a long-term quality indicator, the UQS Score rates HAFN as Below Average. The Weak Moat rating is a particular concern for long-term holders, as it suggests limited durable competitive advantages. Quality is rated Good, which provides some reassurance about operational discipline, but sustained growth remains uncertain.

What is the main competitive advantage of Hafnia?

Hafnia's primary edge is fleet scale — operating around 200 vessels allows it to offer customers broad coverage across vessel classes and trade routes. Its integrated platform, combining technical management, pool services, and a large bunker desk, adds service depth. However, the UQS Moat pillar rates this advantage as Weak in a commoditized freight market.

What sector does HAFN belong to?

Hafnia is classified in the Industrials sector, specifically within marine transportation. Tanker companies are sensitive to global energy trade flows, freight rate cycles, and geopolitical developments that affect oil product movements.

Is HAFN a growth stock or value stock?

Based on UQS pillar labels, HAFN leans toward value territory — the Valuation pillar is Attractive while the Growth pillar is Weak. This profile is more consistent with a cyclical value play than a growth-oriented holding, though shipping cycles can shift that dynamic quickly.

Unlock Full HAFN Analysis

Sign in to unlock the detailed analysis behind the UQS Score.

  • View the complete five-pillar UQS Score breakdown
  • Access detailed financial metrics and trend data
  • Compare HAFN against sector peers side by side
  • Track dividend history and payout sustainability signals
  • Get the full analyst-grade quality and risk assessment
  • Screen top-ranked Industrials stocks with Pro filters
Analyze HAFN in Detail →

Pro Analysis

HAFN — Score History

3540455055Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 13 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 17, 202643.270.420.09.656.868.0-2.7
May 7, 202645.970.420.07.956.887.9+0.1
May 3, 202645.870.420.07.956.887.5-0.3
May 1, 202646.170.420.07.956.889.6-0.1
Apr 26, 202646.270.420.08.056.889.8-0.1
Apr 23, 202646.370.420.07.956.890.80.0
Apr 19, 202646.370.420.07.956.891.00.0
Apr 18, 202646.370.420.07.956.890.7+0.1
Apr 14, 202646.270.420.07.956.889.8-0.1
Apr 12, 202646.370.420.07.956.890.4-0.1

HAFN — Pillar Breakdown

Quality

70.4/100 (25%)

Hafnia Limited shows solid profitability with healthy returns on capital and reasonable margins.

Capital Efficiency (ROIC)Moderate

How effectively capital is deployed to generate returns.

Return on EquityStrong

Profitability relative to shareholders' equity.

Operating ProfitabilityModerate

Ability to convert revenue into operating profit.

Net ProfitabilityStrong

Bottom-line profit as a share of revenue.

Gross Profit / AssetsWeak

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationStrong

Free cash flow relative to market value.

Growth

19.0/100 (20%)

Hafnia Limited faces growth headwinds with declining or stagnant revenue trends.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Forward EPS GrowthModerate

Analyst consensus for future earnings growth.

Risk

56.8/100 (15%)

Hafnia Limited maintains a reasonable risk profile with manageable debt levels.

Financial LeverageModerate

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioModerate

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageModerate

Earnings capacity relative to interest payments.

Valuation

91.7/100 (15%)

Hafnia Limited appears attractively valued relative to its earnings, cash flows, and sector peers.

Earnings YieldStrong

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

20/100 (25%)

Hafnia Limited operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for HAFN.

Score Composition

Quality
70.4×25%17.6
Growth
19.0×20%3.8
Risk
56.8×15%8.5
Valuation
91.7×15%13.8
Moat
20.0×25%5.0
Total
48.7Below Average

Financial Data

More Stock Analysis

How is the HAFN UQS Score Calculated?

The UQS (Unified Quality Score) for Hafnia Limited is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Hafnia Limited's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Hafnia Limited is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.