WallStSmart

Hafnia Limited (HAFN)vsStar Bulk Carriers Corp (SBLK)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Hafnia Limited generates 119% more annual revenue ($2.28B vs $1.04B). HAFN leads profitability with a 14.9% profit margin vs 8.1%. HAFN trades at a lower P/E of 13.2x. HAFN earns a higher WallStSmart Score of 63/100 (C+).

HAFN

Buy

63

out of 100

Grade: C+

Growth: 7.3Profit: 6.5Value: 7.0Quality: 5.8
Piotroski: 2/9Altman Z: 2.23

SBLK

Buy

56

out of 100

Grade: C

Growth: 4.7Profit: 6.0Value: 6.0Quality: 5.5
Piotroski: 2/9Altman Z: 1.17
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

HAFNUndervalued (+23.6%)

Margin of Safety

+23.6%

Fair Value

$8.68

Current Price

$8.96

$0.28 discount

UndervaluedFair: $8.68Overvalued
SBLKUndervalued (+83.0%)

Margin of Safety

+83.0%

Fair Value

$141.20

Current Price

$26.83

$114.37 discount

UndervaluedFair: $141.20Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HAFN3 strengths · Avg: 8.0/10
P/E RatioValuation
13.2x8/10

Attractively priced relative to earnings

Price/BookValuation
1.9x8/10

Reasonable price relative to book value

EPS GrowthGrowth
42.2%8/10

Earnings expanding 42.2% YoY

SBLK3 strengths · Avg: 9.3/10
Price/BookValuation
1.2x10/10

Reasonable price relative to book value

EPS GrowthGrowth
59.6%10/10

Earnings expanding 59.6% YoY

Operating MarginProfitability
26.7%8/10

Strong operational efficiency at 26.7%

Areas to Watch

HAFN1 concerns · Avg: 3.0/10
Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

SBLK4 concerns · Avg: 3.5/10
PEG RatioValuation
1.954/10

Expensive relative to growth rate

P/E RatioValuation
36.7x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
3.4%3/10

ROE of 3.4% — below average capital efficiency

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : HAFN

The strongest argument for HAFN centers on P/E Ratio, Price/Book, EPS Growth. Revenue growth of 11.3% demonstrates continued momentum.

Bull Case : SBLK

The strongest argument for SBLK centers on Price/Book, EPS Growth, Operating Margin.

Bear Case : HAFN

The primary concerns for HAFN are Piotroski F-Score.

Bear Case : SBLK

The primary concerns for SBLK are PEG Ratio, P/E Ratio, Return on Equity.

Key Dynamics to Monitor

SBLK carries more volatility with a beta of 0.72 — expect wider price swings.

HAFN is growing revenue faster at 11.3% — sustainability is the question.

HAFN generates stronger free cash flow (113M), providing more financial flexibility.

Monitor MARINE SHIPPING industry trends, competitive dynamics, and regulatory changes.

Bottom Line

HAFN scores higher overall (63/100 vs 56/100) and 11.3% revenue growth. SBLK offers better value entry with a 83.0% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Hafnia Limited

INDUSTRIALS · MARINE SHIPPING · USA

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

Star Bulk Carriers Corp

INDUSTRIALS · MARINE SHIPPING · USA

Star Bulk Carriers Corp. The company is headquartered in Maroussi, Greece.

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