DAC vs FRO vs HAFN Stock Comparison

Danaos, Frontline and Hafnia Prices as of Oct 29, 2026 Peers: Industry group
DAC Danaos Corp
$159.19 +2.9% 1M +76.8% 1Y
Market cap
$2.89B
P/E
5.3x
Revenue (TTM)
$1.06B
Div. yield
–
Marine Shipping Industrials
3 wins
FRO Frontline plc
$56.54 +15.6% 1M +128.4% 1Y
Market cap
$12.40B
P/E
8.3x
Revenue (TTM)
$2.71B
Div. yield
–
Marine Shipping Industrials
6 wins
HAFN Hafnia Ltd
$11.07 +14.6% 1M +75.2% 1Y
Market cap
$5.46B
P/E
5.1x
Revenue (TTM)
$1.52B
Div. yield
–
Marine Shipping Industrials
2 wins

Head to Head

11 decided of 12

Frontline leads on 6 of the 12 questions below (Frontline 6, Danaos 3, Hafnia 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDACFROHAFNLeader
Larger companyMarket capitalisation $2.89B $12.40B $5.46B FRO
Cheaper on earningsLower P/E, profitable companies only 5.3x 8.3x 5.1x HAFN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 5.6x 5.7x 7.6x DAC
Faster revenue growthRevenue growth, trailing twelve months +2.5% +48.8% +30.5% FRO
More profitableNet margin, trailing twelve months 51.3% 54.8% 70.2% HAFN
Better return on capitalReturn on invested capital — 29.5% 19.3% FRO
Less leveragedLower net debt / EBITDA 0.0x — 0.7x DAC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +76.8% +128.4% +75.2% FRO
Better 5-year returnAnnualised price return, 5 years +16.4%/yr +45.1%/yr — FRO
Less volatileAnnualised volatility, 1 year 23.5% 44.8% 36.7% DAC
Higher overall scoreMean of the five percentile scores vs peers 73/100 79/100 74/100 FRO

Percentile Scorecard

DACFROHAFN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDACFROHAFN
Valuation 87 #19 of 136 47 #72 of 136 64 #50 of 136
Growth 49 #62 of 121 97 #5 of 121 68 #39 of 121
Profitability 83 #20 of 112 98 #3 of 112 92 #10 of 112
Financial Health 90 #15 of 140 67 #47 of 140 77 #33 of 140
Shareholder Returns 54 #37 of 80 87 #11 of 80 70 #25 of 80
Overall 73 79 74
  • DAC ranked among 150 companies in Transportation
  • FRO ranked among 150 companies in Transportation
  • HAFN ranked among 150 companies in Transportation

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDACFROHAFNSPY
1 month +2.9%+15.6%+14.6% +0.7%
3 months +12.1%+44.6%+43.8% +3.7%
6 months +32.2%+54.9%+24.2% +7.1%
Year to date +69.0%+159.1%+107.7% +12.8%
1 year +76.8%+128.4%+75.2% +11.9%
3 years +138.2%+158.8%+70.4% +85.2%
3 years, per year +33.6%+37.3%+19.5% +22.8%
5 years +113.4%+541.8%— +67.6%
5 years, per year +16.4%+45.1%— +10.9%
10 years +349.4%+663.0%— +262.0%
10 years, per year +16.2%+22.5%— +13.7%

Risk

MeasureDACFROHAFNSPY
Volatility, 1Y 23.5%44.8%36.7% 12.7%
Downside volatility, 1Y 20.6%45.2%38.8% 12.6%
Beta vs S&P 500, 1Y 0.620.500.14 1.00
Return / volatility, 1Y 3.272.872.05 0.94
Max drawdown, 5Y -51.7%-56.1%-59.2% -25.4%
From 52-week high -6.4%-4.5%0.0% -1.2%
52-week high $170.09$59.22$11.07 $779.14
52-week low $89.60$20.58$5.21 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDACFROHAFN
P/E now vs peer median 5.4xmedian 16.5x 8.5xmedian 16.5x 5.2xmedian 16.5x
P/S now vs peer median 2.8xmedian 0.9x 4.6xmedian 0.9x 3.6xmedian 0.9x
EV/EBITDA now vs peer median 4.2xmedian 8.8x —median 8.8x 7.1xmedian 8.8x
P/FCF now vs peer median 3.6xmedian 11.9x 6.2xmedian 11.9x 7.1xmedian 11.9x
P/B now vs peer median 0.7xmedian 1.2x 4.0xmedian 1.2x 2.1xmedian 1.2x
PEG now vs peer median 1.01median 0.84 0.45median 0.84 —median 0.84

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDACFROHAFN
Revenue $1.06B $2.71B $1.52B
Gross profit $847.70M – $835.92M
Operating income $510.90M $1.63B $673.55M
Net income $540.80M $1.49B $658.69M
Free cash flow $807.90M $2.02B $781.70M
EPS (diluted) $29.26 $6.68 $2.12
Cash & equivalents $1.01B $321.42M $353.16M
Total debt $3.76B $2.43B $5.60B
Shares (diluted) 18.48M 222.62M 504.11M
Enterprise value -$1.23B $11.16B $4.54B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDACFROHAFN
P/E 5.4x 8.5x 5.2x
P/FCF 3.6x 6.2x 7.1x
P/Operating cash flow 4.1x 9.3x 7.8x
P/S 2.8x 4.6x 3.6x
P/B 0.7x 4.0x 2.1x
P/Tangible book 0.7x 4.0x 2.1x
EV/EBITDA 4.2x – 7.1x
EV/EBIT 5.7x 9.0x 9.1x
EV/Revenue 2.7x 5.4x 4.0x
EV/FCF 3.6x 7.3x 7.9x
EV/Operating cash flow 4.0x 10.9x 8.7x
PEG (3Y EPS CAGR) 1.01 0.45 –

Growth

14 metrics
MetricDACFROHAFN
Revenue growth (1Y) 2.5% 48.8% 30.5%
Revenue CAGR (3Y) 1.9% 12.2% –
Gross profit growth (1Y) 2.6% – 41.7%
Gross profit CAGR (3Y) 0.5% – –
Operating income growth (1Y) 38.7% 226.3% 43.5%
Operating income CAGR (3Y) -5.7% 24.1% –
Net income growth (1Y) 17.7% 524.5% 51.8%
Net income CAGR (3Y) 1.8% 21.7% –
EPS growth (1Y) 23.5% 524.5% 22.6%
EPS CAGR (3Y) 5.4% 19.0% –
Operating cash flow growth (1Y) 17.2% 116.9% -12.7%
Operating cash flow CAGR (3Y) 6.4% 17.1% –
Free cash flow growth (1Y) -22.0% 218.6% -3.9%
Free cash flow CAGR (3Y) 4.4% 20.5% –

Profitability

14 metrics
MetricDACFROHAFN
Gross margin 80.3% – 55.0%
EBITDA margin 65.8% – 57.3%
Operating margin 48.4% 60.1% 44.3%
Pretax margin 51.3% 54.9% 43.4%
Net margin 51.3% 54.8% 70.2%
FCF margin 76.6% 74.3% 51.5%
Operating cash flow margin 67.8% 49.8% 46.3%
Return on equity 13.6% 49.6% 25.4%
Return on assets 10.2% 25.9% 16.5%
Return on invested capital – 29.5% 19.3%
Return on capital employed 10.0% 31.0% 20.2%
Asset turnover 0.2x 0.5x 0.4x
Cash conversion (OCF / net income) 1.3x 0.9x 1.1x
Stock comp / revenue 1.7% – 0.2%

Financial Health

11 metrics
MetricDACFROHAFN
Debt / assets 22.2% 41.9% 24.9%
Debt / equity 0.3x 0.8x 0.4x
Net debt / EBITDA 0.0x – 0.7x
Debt / FCF 1.5x 1.2x 1.3x
Liabilities / assets 25.5% 45.7% 33.1%
Equity / assets 74.5% 54.3% 66.9%
Interest coverage 40.6x 8.8x 26.9x
Current ratio 9.3x 1.9x 1.7x
Quick ratio 8.8x 1.4x 1.5x
Cash ratio 8.2x 0.7x 0.5x
Altman Z-score 2.94 4.64 3.96

Shareholder Returns

7 metrics
MetricDACFROHAFN
Dividend yield 2.9% 6.3% 10.1%
Net buyback yield 1.0% – -0.1%
Shareholder yield 3.9% 6.3% 10.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDACFROHAFN
Forward P/E 5.6xFY2026 5.7xFY2026 7.6xFY2026
EPS, next fiscal year $28.38FY2026 $9.98FY2026 $1.45FY2026
EPS growth, next FY +8.0%FY2026 +487.1%FY2026 +113.2%FY2026
EPS growth, the year after -6.3% -49.8% -14.5%
Revenue, next fiscal year $1.11BFY2026 $2.52BFY2026 $1.36BFY2026
Revenue growth, next FY +7.1%FY2026 +110.2%FY2026 +42.6%FY2026
Revenue growth, the year after +7.5% -18.3% -11.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDACFROHAFN
Held by institutions 20.8% 33.6% –
Institutions holding 136 262 –
Change in shares held, QoQ +4.1% +36.6% –
Institutions buying 72 152 –
Institutions selling 36 75 –
Buyers to sellers 2.00 2.03 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DACFROHAFN
DAC 1.00 0.52 0.46
FRO 0.52 1.00 0.72
HAFN 0.46 0.72 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DAC, FRO and HAFN?

Frontline (FRO) is the largest by market capitalisation: Danaos (DAC) $2.89B, Frontline (FRO) $12.40B, Hafnia (HAFN) $5.46B.

Which stock is cheaper, DAC, FRO and HAFN?

Hafnia (HAFN) trades on the lowest price-to-earnings ratio (Danaos (DAC) 5.3x, Frontline (FRO) 8.3x, Hafnia (HAFN) 5.1x). On next year's consensus earnings, Danaos (DAC) is cheapest (Danaos (DAC) 5.6x, Frontline (FRO) 5.7x, Hafnia (HAFN) 7.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Frontline (FRO) grew revenue fastest over the trailing twelve months: Danaos (DAC) +2.5%, Frontline (FRO) +48.8%, Hafnia (HAFN) +30.5%.

Which company is more profitable?

Hafnia (HAFN) has the highest net margin (Danaos (DAC) 51.3%, Frontline (FRO) 54.8%, Hafnia (HAFN) 70.2%). On return on invested capital, Frontline (FRO) leads (Frontline (FRO) 29.5%, Hafnia (HAFN) 19.3%).

Which stock has performed better?

Over the past year Frontline (FRO) returned the most: Danaos (DAC) +76.8%, Frontline (FRO) +128.4%, Hafnia (HAFN) +75.2%. Over five years, Frontline (FRO) compounded fastest (Danaos (DAC) +16.4%/yr, Frontline (FRO) +45.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Danaos (DAC) has been the steadiest (Danaos (DAC) 23.5%, Frontline (FRO) 44.8%, Hafnia (HAFN) 36.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DAC, FRO and HAFN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Frontline (FRO) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.