Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price10.12 USD
Fair value10.00
Our investment reviews on this name
2026-08-31Read Markup7.78+30.1% to today ✓
2026-08-01Read Distribution7.25+39.6% to today
2026-07-02Read Markup7.28+39.0% to today ✓
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Hafnia Limited holds its Markup at $10.12. The statistical read favours the sellers, held for 265 days.
As held on the ledger · 2026-09-18
Phase
Markup
Quantitative state
The statistical read favours the sellers, held for 265 days
Price at the screen
$10.12
Valuation
7.09 trailing · 13.56 forward price to earnings
Values screen
PASS
Beta
-0.15
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
26.26%
Below 33%
Interest-bearing debt is just 26.3% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
2.42%
Below 33%
Cash held in interest-bearing accounts and securities is 2.4% of assets, under the one-third limit.
Pass
Receivables
0.00%
Below 49%
Money owed to the company is 0.0% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-18 screen. The gold marker is the market price at the same screen. The price runs 1.2% above the base estimate.
Third-party analyst targets: 2 covering, consensus Buy. The average target sits −9% from the screen price.
Reading the gap · Both our model and the Street see limited upside at this price.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-18 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Tankers crossing oceans while earnings keep climbing
Every day Hafnia's fleet moves clean products between ports that refineries and traders rely on. The company is posting 22% revenue growth, 19% profit margins and 19% return on equity at a forward multiple of just 10.7 times. That combination stands out in a sector where steady cash generation is rare.
The shares trade at $7.25 against our fair value of $10.00, leaving a 38% margin of safety. A moderate moat, clean ethical screen and a single-analyst strong-buy rating at the same $10 target add weight to the case. Numbers like these rarely line up without investors eventually noticing.
Shipping remains cyclical, so today's earnings could peak while the low multiple simply reflects the next downturn rather than a bargain. Currency moves and fuel-price swings sit on top of that. Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
HAFN trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-31Markup · changed$7.78+7.3%Entry 5
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 7.3% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 31% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 64%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (1 analysts) rates it none, with a mean price target of $10.
2026-08-01Distribution · changed$7.25-0.4%Entry 4
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.4% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 31% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 64%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (1 analysts) rates it none, with a mean price target of $10.
2026-07-18Markup$7.28+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 31% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 64%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (1 analysts) rates it none, with a mean price target of $10.
2026-07-03Markup$7.28+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Markup$7.28Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
