Hafnia Valuation Amidst Share Price Surge and Recent Correction

Hafnia (OB:HAFNI) has delivered an 11% gain in the past year and a 760% return in the past 3 years, outpacing many peers in the shipping sector. Despite a recent cool-off in share price, investors remain confident in the company's future potential. The latest consensus narrative points to significantly more upside in the share price, with a fair value of NOK69.33, indicating that Hafnia is undervalued. However, tightening maritime emissions regulations and falling global oil demand could pressure Hafnia's margins and future earnings, challenging current valuations.