Hafnia Ltd (HAFNI) - Net Assets

Latest as of September 2025: Nkr2.33 Billion NOK ≈ $245.26 Million USD

Based on the latest financial reports, Hafnia Ltd (HAFNI) has net assets worth Nkr2.33 Billion NOK (≈ $245.26 Million USD) 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 ≈ $375.68 Million USD) and total liabilities (Nkr1.24 Billion ≈ $130.43 Million USD). 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. Check asset resilience ratio of Hafnia Ltd to evaluate the company's liquid asset resilience ratio.

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. Also explore HAFNI total asset value for the complete picture of this company's asset base.

Annual Net Assets for Hafnia Ltd (2015–2024)

The table below shows the annual net assets of Hafnia Ltd from 2015 to 2024. For live valuation and market cap data, see Hafnia Ltd (HAFNI) total market value.

Year Net Assets Change
2024-12-31 Nkr2.26 Billion
≈ $238.08 Million		 +1.56%
2023-12-31 Nkr2.23 Billion
≈ $234.42 Million		 +10.89%
2022-12-31 Nkr2.01 Billion
≈ $211.41 Million		 +80.66%
2021-12-31 Nkr1.11 Billion
≈ $117.02 Million		 -3.14%
2020-12-31 Nkr1.15 Billion
≈ $120.81 Million		 +2.64%
2019-12-31 Nkr1.12 Billion
≈ $117.70 Million		 +95.86%
2018-12-31 Nkr571.08 Million
≈ $60.09 Million		 +43.55%
2017-12-31 Nkr397.82 Million
≈ $41.86 Million		 +8.46%
2016-12-31 Nkr366.79 Million
≈ $38.60 Million		 -33.81%
2015-12-31 Nkr554.11 Million
≈ $58.31 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
Zhejiang JIULI Hi-tech Metals Co Ltd
SHE:002318
 $4.31 Billion
Pepkor Holdings Ltd
JSE:PPH
 $4.31 Billion
Zhejiang Taotao Vehicles Co. Ltd. A
SHE:301345
 $4.31 Billion
Thunder Software Technology Co Ltd
SHE:300496
 $4.31 Billion
AP Memory Technology Corp
TW:6531
 $4.30 Billion
Bendigo and Adelaide Bank Ltd
AU:BEN
 $4.30 Billion
Atmus Filtration Technologies Inc.
NYSE:ATMU
 $4.30 Billion
Jiangsu Yuyue Medical Equipment & Supply Co Ltd
SHE:002223
 $4.30 Billion

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: 18.70x
  • 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 54.89x to 18.70x 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 Nkr82.15 x
2016-12-31 Nkr0.99 Nkr82.15 x
2017-12-31 Nkr1.07 Nkr82.15 x
2018-12-31 Nkr1.54 Nkr82.15 x
2019-12-31 Nkr3.22 Nkr82.15 x
2020-12-31 Nkr3.15 Nkr82.15 x
2021-12-31 Nkr3.06 Nkr82.15 x
2022-12-31 Nkr4.11 Nkr82.15 x
2023-12-31 Nkr4.38 Nkr82.15 x
2024-12-31 Nkr4.39 Nkr82.15 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: $608,180,136
  • Average return on equity (ROE) among peers: 10.12%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Hafnia Ltd (HAFNI) Nkr2.33 Billion 12.24% 0.53x $4.30 Billion
2020 Bulkers Ltd (2020) $161.00 Million 15.90% 1.34x $7.25 Million
ADS Maritime Holding Plc (ADS) $16.51 Million 28.72% 0.69x $18.68 Million
American Shipping Company ASA (AMSC) $224.24 Million 6.56% 3.04x $7.19K
BW LPG Ltd (BWLPG) $1.94 Billion 18.29% 0.71x $2.96 Billion
Golden Energy Offshore Services AS (GEOS) $269.72 Million 28.02% 0.01x $58.11 Million
Golden Ocean Group Ltd (GOGL) $277.69 Million -19.24% 0.43x $1.75 Billion
Hoegh Autoliners ASA (HAUTO) $801.24 Million 15.57% 1.06x $2.66 Billion
Havila Shipping ASA (HAVI) $1.70 Billion -0.53% 2.94x $32.72 Million
Himalaya Shipping Ltd (HSHP) $90.69 Million -2.21% 0.97x $623.43 Million

About Hafnia Ltd

OL:HAFNI Norway Marine Shipping
Market Cap
$4.30 Billion
Nkr40.91 Billion NOK
Market Cap Rank
#3965 Global
#21 in Norway
Share Price
Nkr82.15
Change (1 day)
-0.24%
52-Week Range
Nkr49.67 - Nkr82.35
All Time High
Nkr87.37
Categories
Companies in Norway Marine Shipping
About

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