WallStSmart

Golden Ocean Group Ltd (GOGL)vsHafnia Limited (HAFN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Hafnia Limited generates 209% more annual revenue ($2.67B vs $863.61M). HAFN leads profitability with a 24.7% profit margin vs 13.2%. HAFN trades at a lower P/E of 7.1x. HAFN earns a higher WallStSmart Score of 78/100 (B+).

GOGL

Hold

42

out of 100

Grade: D

Growth: 2.0Profit: 4.5Value: 5.0Quality: 5.0
Piotroski: 6/9Altman Z: 1.49

HAFN

Strong Buy

78

out of 100

Grade: B+

Growth: 8.7Profit: 8.5Value: 5.7Quality: 6.5
Piotroski: 3/9Altman Z: 2.32
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for GOGL.

HAFNSignificantly Overvalued (-80.2%)

Margin of Safety

-80.2%

Fair Value

$3.68

Current Price

$9.38

$5.70 premium

UndervaluedFair: $3.68Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

GOGL2 strengths · Avg: 8.0/10
P/E RatioValuation
14.0x8/10

Attractively priced relative to earnings

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

HAFN6 strengths · Avg: 9.2/10
P/E RatioValuation
7.1x10/10

Attractively priced relative to earnings

Revenue GrowthGrowth
47.2%10/10

Revenue surging 47.2% year-over-year

EPS GrowthGrowth
266.7%10/10

Earnings expanding 266.7% YoY

Profit MarginProfitability
24.7%9/10

Keeps 25 of every $100 in revenue as profit

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

Operating MarginProfitability
29.5%8/10

Strong operational efficiency at 29.5%

Areas to Watch

GOGL4 concerns · Avg: 2.5/10
Market CapQuality
$1.59B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
6.2%3/10

ROE of 6.2% — below average capital efficiency

PEG RatioValuation
131.352/10

Expensive relative to growth rate

Revenue GrowthGrowth
-42.5%2/10

Revenue declined 42.5%

HAFN1 concerns · Avg: 3.0/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : GOGL

The strongest argument for GOGL centers on P/E Ratio, Price/Book.

Bull Case : HAFN

The strongest argument for HAFN centers on P/E Ratio, Revenue Growth, EPS Growth. Profitability is solid with margins at 24.7% and operating margin at 29.5%. Revenue growth of 47.2% demonstrates continued momentum.

Bear Case : GOGL

The primary concerns for GOGL are Market Cap, Return on Equity, PEG Ratio.

Bear Case : HAFN

The primary concerns for HAFN are Piotroski F-Score.

Key Dynamics to Monitor

GOGL profiles as a declining stock while HAFN is a growth play — different risk/reward profiles.

GOGL carries more volatility with a beta of 1.13 — expect wider price swings.

HAFN is growing revenue faster at 47.2% — sustainability is the question.

HAFN generates stronger free cash flow (252M), providing more financial flexibility.

Bottom Line

HAFN scores higher overall (78/100 vs 42/100), backed by strong 24.7% margins and 47.2% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Golden Ocean Group Ltd

INDUSTRIALS · MARINE SHIPPING · USA

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax and Ultramax vessels globally. The company is headquartered in Hamilton, Bermuda.

Hafnia Limited

INDUSTRIALS · MARINE SHIPPING · USA

Hafnia Limited owns and operates oil product tankers in Bermuda. The company is headquartered in Hamilton, Bermuda.

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