HSHP Stock Analysis: Himalaya Shipping | OL
Marine Shipping | OL, Norway | Market Cap: 8.208m NOK | 12M Return: 122.4% | BMG4660A1036 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.3M
Warnings
No concerns identified
Tailwinds
Seasonality 4.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Himalaya Shipping Ltd. is a Bermuda-incorporated dry bulk shipping company listed on the Oslo Stock Exchange (ticker: HSHP) under the GICS Marine Transportation sub-industry. The company operates a fleet of 12 Newcastlemax dry bulk vessels, each with capacity of approximately 210,000 dead weight tons, serving commodity trading, energy transition, and multi-modal transport clients worldwide. Founded in 2021 and headquartered in Hamilton, Bermuda, the company has a small-cap market capitalization of roughly $652 million USD. Newcastlemax vessels are among the largest dry bulk carriers in operation, primarily used for long-haul routes transporting iron ore and coal, and Oslo is a leading global hub for listed shipping companies.
- Newcastlemax charter rates swing on Baltic dry bulk index
- China iron ore import demand drives vessel utilization and TCE revenue
- Fleet expansion with new Newcastlemax deliveries adds capacity
| Net Income: 52.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 6.08 > 1.0 |
| NWC/Revenue: 4.12% < 20% (prev -1.57%; Δ 5.70% < -1%) |
| CFO/TA 0.10 > 3% & CFO 87.0m > Net Income 52.6m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 1.19 > 1.5 & < 3 |
| Outstanding Shares: last quarter (47.1m) vs 12m ago 1.28% < -2% |
| Gross Margin: 68.50% > 18% (prev 51.95%; Δ 16.55% > 0.5%) |
| Asset Turnover: 19.39% > 50% (prev 13.84%; Δ 5.55% > 0%) |
| Interest Coverage Ratio: 2.02 > 6 (EBIT TTM 101.9m / Interest Expense TTM 50.4m) |
| A: 0.01 (Total Current Assets 44.1m - Total Current Liabilities 37.2m) / Total Assets 853.8m |
| B: 0.08 (Retained Earnings 66.9m / Total Assets 853.8m) |
| C: 0.12 (EBIT TTM 101.9m / Avg Total Assets 862.9m) |
| D: 0.24 (Book Value of Equity 162.8m / Total Liabilities 690.6m) |
| Altman-Z'' = 1.35 = BB |
| DSRI: 2.16 (Receivables 1.20m/400k, Revenue 167.3m/120.7m) |
| GMI: 0.76 (GM 51.95% / 68.50%) |
| AQI: 1.28 (AQ_t 0.00 / AQ_t-1 0.00) |
| SGI: 1.39 (Revenue 167.3m / 120.7m) |
| TATA: -0.04 (NI 52.6m - CFO 87.0m) / TA 853.8m) |
| Beneish M = -1.85 (Cap -4..+1) = B |
As of September 27, 2026, the stock is trading at NOK 167.20 with a total of 144,491 shares traded. Over the past week, the price has changed by -6.49%, over one month by +10.79%, over three months by +26.87% and over the past year by +122.44%.
Current recommended Stop Loss: 158.30 (which is 5.3% or 1.4 ATR below the current price).
Himalaya Shipping has no consensus analysts rating.
Market Cap USD = 862.9m (8.21b NOK * 0.10513 NOK.USD)
P/E Trailing = 16.3227
P/E Forward = 10.5485
P/S = 49.0591
P/B = 5.4962
Revenue TTM = 167.3m USD
EBIT TTM = 101.9m USD
EBITDA TTM = 131.1m USD
Long Term Debt = 653.4m USD (from longTermDebt, last quarter)
Short Term Debt = 24.1m USD (from shortLongTermDebt, last quarter)
Debt = unknown
Net Debt = unknown
Enterprise Value = 828.1m USD (862.9m + (null Debt) - CCE 34.8m)
Interest Coverage Ratio = 2.02 (Ebit TTM 101.9m / Interest Expense TTM 50.4m)
EV/FCF = 9.52x (Enterprise Value 828.1m / FCF TTM 87.0m)
FCF Yield = 10.51% (FCF TTM 87.0m / Enterprise Value 828.1m)
FCF Margin = 52.00% (FCF TTM 87.0m / Revenue TTM 167.3m)
Net Margin = 31.44% (Net Income TTM 52.6m / Revenue TTM 167.3m)
Gross Margin = 68.50% ((Revenue TTM 167.3m - Cost of Revenue TTM 52.7m) / Revenue TTM)
Gross Margin QoQ = 71.88% (prev 54.76%)
Tobins Q-Ratio = 0.97 (Enterprise Value 828.1m / Total Assets 853.8m)
Interest Expense / Debt = unknown (Interest Expense 50.4m / Debt none)
Taxrate = 0.0% (0.0 / 52.6m)
NOPAT = 101.9m (EBIT 101.9m * (1 - 0.00%))
Current Ratio = 1.19 (Total Current Assets 44.1m / Total Current Liabilities 37.2m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 131.1m)
Debt / FCF = unknown (Net Debt none / FCF TTM 87.0m)
Total Stockholder Equity = 160.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.10% (Net Income 52.6m / Total Assets 853.8m)
RoE = 32.85% (Net Income TTM 52.6m / Total Stockholder Equity 160.1m)
RoCE = 12.53% (EBIT 101.9m / Capital Employed (Equity 160.1m + L.T.Debt 653.4m))
RoIC = 12.61% (NOPAT 101.9m / Invested Capital 808.2m)
WACC = 7.62% (E(862.9m)/V(862.9m) * Re(7.62%) + (debt-free company))
Discount Rate = 7.62% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.12 | Cagr: 4.72%
[DCF] Terminal Value 77.97% ; FCFF base≈66.5m ; Y1≈76.3m ; Y5≈112.2m
[DCF] Fair Price = 35.80 (EV 1.69b - Net Debt 0.0 = Equity 1.69b / Shares 47.2m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.19 | # QB: 0
Revenue Correlation: 85.31 | Revenue CAGR: 85.09% | SUE: 0.68 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.63 | Chg30d=+40.11% | Revisions=+40% | Analysts=3
EPS current Year (2026-12-31): EPS=1.85 | Chg30d=+6.33% | Revisions=+50% | GrowthEPS=+386.5% | GrowthRev=+50.5%
EPS next Year (2027-12-31): EPS=1.51 | Chg30d=+15.21% | Revisions=-50% | GrowthEPS=-18.5% | GrowthRev=-9.1%
[Analyst] Revisions Ratio: +18% (up=5, down=3)