Hafnia Limited
Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates… Read more
Hafnia Limited (HAFN) - Net Assets
Latest net assets as of September 2025: $2.33 Billion USD
Based on the latest financial reports, Hafnia Limited (HAFN) has net assets worth $2.33 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.57 Billion) and total liabilities ($1.24 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.33 Billion |
| % of Total Assets | 65.28% |
| Annual Growth Rate | 17.92% |
| 5-Year Change | 96.56% |
| 10-Year Change | N/A |
| Growth Volatility | 42.04 |
Hafnia Limited - Net Assets Trend (2016–2024)
This chart illustrates how Hafnia Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hafnia Limited (2016–2024)
The table below shows the annual net assets of Hafnia Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.26 Billion | +1.60% |
| 2023-12-31 | $2.22 Billion | +10.08% |
| 2022-12-31 | $2.02 Billion | +81.67% |
| 2021-12-31 | $1.11 Billion | -3.26% |
| 2020-12-31 | $1.15 Billion | +2.64% |
| 2019-12-31 | $1.12 Billion | +95.86% |
| 2018-12-31 | $571.08 Million | +43.55% |
| 2017-12-31 | $397.82 Million | -34.09% |
| 2016-12-31 | $603.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hafnia Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1547.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $703.35 Million | 31.17% |
| Common Stock | $1.09 Billion | 48.31% |
| Other Comprehensive Income | $516.37 Million | 22.88% |
| Total Equity | $2.26 Billion | 100.00% |
Hafnia Limited Competitors by Market Cap
The table below lists competitors of Hafnia Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Easywell Biomedicals Inc.
TWO:1799
|
$62.14 Million |
|
Minsud Resources Corp
PINK:MDSQF
|
$62.17 Million |
|
Neo Battery Materials Ord Shs
V:NBM
|
$62.17 Million |
|
Kellton Tech Solutions Limited
NSE:KELLTONTEC
|
$62.18 Million |
|
Daldrup & Söhne Aktiengesellschaft
F:4DS
|
$62.10 Million |
|
Maisons du Monde S.A
PINK:MDOUF
|
$62.08 Million |
|
Liquidmetal Technologies Inc
OTCQB:LQMT
|
$62.07 Million |
|
Magnate Technology Co Ltd
TWO:4541
|
$62.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hafnia Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,221,120,686 to 2,256,629,088, a change of 35,508,402 (1.6%).
- Net income of 774,035,000 contributed positively to equity growth.
- Dividend payments of 699,883,000 reduced retained earnings.
- Share repurchases of 49,161,000 reduced equity.
- Other comprehensive income increased equity by 488,830,098.
- Other factors decreased equity by 478,312,696.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $774.03 Million | +34.3% |
| Dividends Paid | $699.88 Million | -31.01% |
| Share Repurchases | $49.16 Million | -2.18% |
| Other Comprehensive Income | $488.83 Million | +21.66% |
| Other Changes | $-478.31 Million | -21.2% |
| Total Change | $- | 1.60% |
Book Value vs Market Value Analysis
This analysis compares Hafnia Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.52x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.86x to 1.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $3.60 | $6.68 | x |
| 2017-12-31 | $3.63 | $6.68 | x |
| 2018-12-31 | $4.66 | $6.68 | x |
| 2019-12-31 | $3.20 | $6.68 | x |
| 2020-12-31 | $3.15 | $6.68 | x |
| 2021-12-31 | $3.06 | $6.68 | x |
| 2022-12-31 | $4.13 | $6.68 | x |
| 2023-12-31 | $4.37 | $6.68 | x |
| 2024-12-31 | $4.38 | $6.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hafnia Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 34.30%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.98%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.64x
- Recent ROE (34.30%) is above the historical average (7.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -47.28% | -61.73% | 0.26x | 2.94x | $-226.08 Million |
| 2017 | 0.74% | 0.86% | 0.28x | 3.07x | $-36.82 Million |
| 2018 | -3.46% | -5.37% | 0.28x | 2.30x | $-76.89 Million |
| 2019 | 6.41% | 8.67% | 0.31x | 2.40x | $-40.12 Million |
| 2020 | 12.96% | 17.02% | 0.34x | 2.22x | $33.97 Million |
| 2021 | -5.00% | -6.84% | 0.32x | 2.26x | $-166.55 Million |
| 2022 | 37.25% | 39.01% | 0.49x | 1.96x | $549.82 Million |
| 2023 | 35.72% | 29.69% | 0.68x | 1.76x | $571.16 Million |
| 2024 | 34.30% | 26.98% | 0.78x | 1.64x | $548.37 Million |
Industry Comparison
This section compares Hafnia Limited's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $6,996,338,635
- Average return on equity (ROE) among peers: 158.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hafnia Limited (HAFN) | $2.33 Billion | -47.28% | 0.53x | $62.14 Million |
| Algoma Central Corporation (AGMJF) | $726.02 Million | 16.52% | 0.88x | $198.30 Million |
| AP Moeller - Maersk A/S A (AMKAF) | $32.09 Billion | -6.04% | 0.90x | $11.30 Billion |
| A.P. Møller - Mærsk A/S (AMKBF) | $33.38 Billion | 9.46% | 0.70x | $12.49 Billion |
| Ardmore Shpng (ASC) | $634.34 Million | 6.47% | 0.24x | $516.76 Million |
| American Shipping Company ASA (ASCJF) | $114.51 Million | 1340.53% | 0.68x | $11.92 Million |
| Britannia Bulk Holdings Inc (BBLKF) | $72.78 Million | 63.23% | 4.43x | $9.84 |
| Braemar Shipping Services Plc (BSEAF) | $64.82 Million | 15.12% | 0.70x | $79.62 Million |
| BW LPG Limited (BWLP) | $1.94 Billion | 17.27% | 0.71x | $1.17 Billion |
| Caravelle International Group Ordinary Shares (CACO) | $10.02 Million | 122.03% | 2.55x | $12.08 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $933.40 Million | 4.05% | 0.57x | $172.78 Million |