Last Updated: 19 Sep 2024
Executive Summary
Hafnia Limited (HAFN) is a Bermuda-based company that owns and operates oil product tankers. The company's latest stock price is $7.73, with a market capitalization of $4.27 billion. HAFN has a strong financial performance, with an EBITDA of $938.92 million and a profit margin of 29.7%. The company also has a healthy dividend yield of 0.116%. Technically, HAFN is currently trading above its 50-day and 200-day moving averages, indicating a positive trend.
Company Overview
Hafnia Limited is headquartered in Hamilton, Bermuda. The company was founded in 2015 and has a fleet of 180 oil product tankers. HAFN's customers include major oil companies, refiners, and traders. The company has a strong track record of profitability and has paid dividends to shareholders for the past seven years.
Fundamental Analysis
HAFN's financial performance has been strong in recent years. The company's revenue has grown from $2.2 billion in 2018 to $2.7 billion in 2022. EBITDA has also increased from $638.9 million in 2018 to $938.9 million in 2022. HAFN's profit margin has remained relatively stable at around 30%.
The company's balance sheet is also strong. HAFN has $1.2 billion in cash and equivalents and $1.7 billion in total debt. The company's debt-to-equity ratio is 0.5, which is considered to be a moderate level of leverage.
Technical Analysis
HAFN's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages, which indicates a positive trend. The stock's relative strength index (RSI) is also above 50, which indicates that the stock is not overbought.
Short Term Outlook
HAFN's stock price is expected to continue to trend higher in the short term. The company's financial performance is strong, and the technical indicators are positive. However, investors should be aware that the stock market is volatile, and there is always the potential for a correction.
Long Term Outlook
HAFN's long-term outlook is also positive. The company is well-positioned to benefit from the growing demand for oil tankers. The company's fleet of modern, fuel-efficient tankers is well-suited to meet the needs of its customers.
Analyst Recommendations
Analysts are generally positive on HAFN's stock. The consensus recommendation is "buy." The average analyst price target is $8.50, which represents a potential upside of 10%.
