Hafnia Limited
Financial ratios & Valuation

Historical Multiples (2016 – 2023)

2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
32.55267.62-48.1535.3017.90-49.114.644.653.2117.90
Price/Sales ratio
1.302.282.583.052.773.361.841.380.902.77
Price/Book Value ratio
0.622.011.562.262.322.391.731.651.142.32
Price/Cash Flow ratio
3.8014.3232.4513.546.6839.515.213.482.736.68
Price/Free Cash Flow ratio
-6.56-12.6778.69-27.647.7264.9815.084.212.98-27.64
Price/Earnings Growth ratio
N/A-3.050.07-0.140.150.36-0.002.380.03-0.14
Dividend Yield
12.18%N/AN/AN/A4.05%N/A6.84%14.73%25.15%4.05%
Profitability Indicator Ratios
Gross Profit Margin
20.77%8.15%4.88%20.03%25.44%2.45%42.39%39.79%37.16%20.03%
Operating Profit Margin
14.64%8.62%5.31%17.67%23.61%-2.84%39.30%32.11%28.76%17.67%
Pretax Profit Margin
6.26%0.86%-5.36%8.68%16.74%-6.08%38.10%29.92%28.41%8.68%
Net Profit Margin
4.00%0.85%-5.36%8.66%15.48%-6.84%39.77%29.69%28.23%8.66%
Effective Tax Rate
9.04%0.67%-0.12%1.41%1.81%-8.89%0.90%0.78%0.73%1.81%
Return on Assets
0.65%0.24%-1.41%2.67%5.84%-2.15%18.96%20.26%22.58%2.67%
Return On Equity
1.92%0.75%-3.25%6.42%12.95%-4.86%37.25%35.60%36.64%6.42%
Return on Capital Employed
2.52%2.96%1.54%6.20%9.90%-1.02%21.34%26.37%27.14%6.20%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/A1.70N/A
Quick Ratio
1.910.480.921.021.091.061.631.241.511.02
Cash ratio
1.570.200.410.280.390.310.580.210.330.28
Days of Sales Outstanding
25.6541.3961.6347.0725.12104.6093.4077.4268.0347.07
Days of Inventory outstanding
10.8716.5225.113.842.663.1530.2824.4320.153.84
Operating Cycle
36.5357.9186.7450.9127.79107.76123.69101.8688.1850.91
Days of Payables Outstanding
4.3151.1753.7712.0312.1244.9613.9149.9160.6812.03
Cash Conversion Cycle
32.216.7432.9738.8715.6762.79109.7751.9527.4915.67
Debt Ratios
Debt Ratio
0.460.630.520.450.440.450.180.140.130.44
Debt Equity Ratio
1.371.941.201.090.981.020.360.250.210.98
Long-term Debt to Capitalization
0.550.600.510.480.460.450.230.150.120.46
Total Debt to Capitalization
0.570.650.540.520.490.500.260.200.170.49
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/A17.89N/A
Cash Flow to Debt Ratio
0.110.070.030.150.350.050.911.851.940.15
Company Equity Multiplier
2.943.062.302.392.212.251.961.751.582.21
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.340.150.070.220.410.080.350.390.330.22
Free Cash Flow / Operating Cash Flow Ratio
-0.57-1.120.41-0.480.860.600.340.820.91-0.48
Cash Flow Coverage Ratio
0.110.070.030.150.350.050.911.851.940.15
Short Term Coverage Ratio
1.360.350.351.062.780.346.416.095.851.06
Dividend Payout Ratio
396.60%N/AN/AN/A72.65%N/A31.80%68.59%71.87%72.65%