WallStSmart

Hafnia Limited (HAFN)vsKirby Corporation (KEX)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Kirby Corporation generates 50% more annual revenue ($3.42B vs $2.28B). HAFN leads profitability with a 14.9% profit margin vs 10.5%. 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

KEX

Buy

57

out of 100

Grade: C

Growth: 6.0Profit: 6.0Value: 4.7Quality: 4.8
Piotroski: 3/9
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
KEXUndervalued (+8.3%)

Margin of Safety

+8.3%

Fair Value

$133.30

Current Price

$142.24

$8.94 discount

UndervaluedFair: $133.30Overvalued

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

KEX1 strengths · Avg: 8.0/10
Price/BookValuation
2.3x8/10

Reasonable price relative to book value

Areas to Watch

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

Weak financial health signals

KEX3 concerns · Avg: 2.3/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
2.632/10

Expensive relative to growth rate

Free Cash FlowQuality
$-127.61M2/10

Negative free cash flow — burning cash

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 : KEX

The strongest argument for KEX centers on Price/Book.

Bear Case : HAFN

The primary concerns for HAFN are Piotroski F-Score.

Bear Case : KEX

The primary concerns for KEX are Piotroski F-Score, PEG Ratio, Free Cash Flow.

Key Dynamics to Monitor

KEX carries more volatility with a beta of 0.85 — 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 57/100) and 11.3% revenue growth. 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.

Kirby Corporation

INDUSTRIALS · MARINE SHIPPING · USA

Kirby Corporation operates domestic tank barges in the United States. The company is headquartered in Houston, Texas.

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