Hafnia Ltd
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 Ltd (HAFNI) - Net Assets
Latest net assets as of September 2025: Nkr2.33 Billion NOK
Based on the latest financial reports, Hafnia Ltd (HAFNI) has net assets worth Nkr2.33 Billion NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr3.57 Billion) and total liabilities (Nkr1.24 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 | Nkr2.33 Billion |
| % of Total Assets | 65.28% |
| Annual Growth Rate | 16.92% |
| 5-Year Change | 97.08% |
| 10-Year Change | N/A |
| Growth Volatility | 39.72 |
Hafnia Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Hafnia Ltd'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 Ltd (2015–2024)
The table below shows the annual net assets of Hafnia Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr2.26 Billion | +1.56% |
| 2023-12-31 | Nkr2.23 Billion | +10.89% |
| 2022-12-31 | Nkr2.01 Billion | +80.66% |
| 2021-12-31 | Nkr1.11 Billion | -3.14% |
| 2020-12-31 | Nkr1.15 Billion | +2.64% |
| 2019-12-31 | Nkr1.12 Billion | +95.86% |
| 2018-12-31 | Nkr571.08 Million | +43.55% |
| 2017-12-31 | Nkr397.82 Million | +8.46% |
| 2016-12-31 | Nkr366.79 Million | -33.81% |
| 2015-12-31 | Nkr554.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hafnia Ltd'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 73926500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr705.18 Million | 31.17% |
| Common Stock | Nkr1.63 Billion | 72.05% |
| Other Comprehensive Income | Nkr-19.40 Million | -0.86% |
| Total Equity | Nkr2.26 Billion | 100.00% |
Hafnia Ltd Competitors by Market Cap
The table below lists competitors of Hafnia Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sarawak Plantation Bhd
KLSE:5135
|
$52.04 Million |
|
Tekcore Co. Ltd
TWO:3339
|
$52.05 Million |
|
Tamil Nadu Newsprint & Papers Limited
NSE:TNPL
|
$52.06 Million |
|
Big Shopping Centers Ltd
TA:BIG
|
$52.08 Million |
|
GREEN CROSS WellBeing Corporation
KQ:234690
|
$52.03 Million |
|
Khai Hoan Land Group JSC
VN:KHG
|
$52.03 Million |
|
Yantai North Andre Juice Company Limited
PINK:YNAJF
|
$52.02 Million |
|
Cps Technologies
NASDAQ:CPSH
|
$52.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hafnia Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,227,724,000 to 2,262,506,000, a change of 34,782,000 (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 decreased equity by 43,231,000.
- Other factors increased equity by 53,022,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr774.03 Million | +34.21% |
| Dividends Paid | Nkr699.88 Million | -30.93% |
| Share Repurchases | Nkr49.16 Million | -2.17% |
| Other Comprehensive Income | Nkr-43.23 Million | -1.91% |
| Other Changes | Nkr53.02 Million | +2.34% |
| Total Change | Nkr- | 1.56% |
Book Value vs Market Value Analysis
This analysis compares Hafnia Ltd'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: 14.51x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 42.59x to 14.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | Nkr1.50 | Nkr63.74 | x |
| 2016-12-31 | Nkr0.99 | Nkr63.74 | x |
| 2017-12-31 | Nkr1.07 | Nkr63.74 | x |
| 2018-12-31 | Nkr1.54 | Nkr63.74 | x |
| 2019-12-31 | Nkr3.22 | Nkr63.74 | x |
| 2020-12-31 | Nkr3.15 | Nkr63.74 | x |
| 2021-12-31 | Nkr3.06 | Nkr63.74 | x |
| 2022-12-31 | Nkr4.11 | Nkr63.74 | x |
| 2023-12-31 | Nkr4.38 | Nkr63.74 | x |
| 2024-12-31 | Nkr4.39 | Nkr63.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hafnia Ltd 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): 34.21%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.98%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.65x
- Recent ROE (34.21%) is above the historical average (8.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 12.24% | 20.75% | 0.24x | 2.45x | Nkr12.40 Million |
| 2016 | -50.88% | -61.73% | 0.26x | 3.11x | Nkr-223.29 Million |
| 2017 | 0.74% | 0.86% | 0.28x | 3.07x | Nkr-36.82 Million |
| 2018 | -3.46% | -5.37% | 0.28x | 2.30x | Nkr-76.89 Million |
| 2019 | 6.41% | 8.67% | 0.31x | 2.40x | Nkr-40.12 Million |
| 2020 | 12.96% | 17.02% | 0.34x | 2.22x | Nkr33.97 Million |
| 2021 | -4.99% | -6.84% | 0.32x | 2.26x | Nkr-166.69 Million |
| 2022 | 37.41% | 41.01% | 0.47x | 1.95x | Nkr550.69 Million |
| 2023 | 35.61% | 29.69% | 0.68x | 1.76x | Nkr570.50 Million |
| 2024 | 34.21% | 26.98% | 0.77x | 1.65x | Nkr547.78 Million |
Industry Comparison
This section compares Hafnia Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $443,662,217
- Average return on equity (ROE) among peers: 7.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hafnia Ltd (HAFNI) | Nkr2.33 Billion | 12.24% | 0.53x | $52.04 Million |
| ADS Maritime Holding Plc (ADS) | $4.63 Million | -4.21% | 0.02x | $1.46 Million |
| Belships (BELCO) | $261.85 Million | 22.21% | 2.15x | $399.83 Million |
| Bruton Limited (BRUT) | $30.78 Million | -0.48% | 0.01x | $43.50K |
| Havila Shipping ASA (HAVI) | $-712.54 Million | 0.00% | 0.00x | $8.40 Million |
| Klaveness Combination Carriers ASA (KCC) | $359.87 Million | 22.62% | 0.70x | $168.30 Million |
| Odfjell SE (ODF) | $759.48 Million | -14.16% | 2.11x | $237.10 Million |
| Odfjell B (ODFB) | $992.80 Million | 15.65% | 1.05x | $227.05 Million |
| Solstad Offsho (SOFF) | $2.23 Billion | 5.03% | 1.42x | $156.45 Million |
| Stainless Tankers ASA (STST) | $66.92 Million | 21.87% | 1.18x | $31.91K |