Overview Dividends

(HSHP) Himalaya Shipping - Ratings and Ratios

Exchange: NYSE • Country: Bermuda • Currency: USD • Type: Common Stock • ISIN: BMG4660A1036

Dry Bulk, Cargo, Vessel, Fleet

Marine Transportation
Market Cap in USD: 420m
IPO / Inception: 2022-10-25
Return 12m vs S&P 500: 59.8%

Dividends

Dividend Yield 6.16%
Yield on Cost 5y 13.00%
Yield CAGR 5y 18.54%
Payout Consistency 100.0%
Payout Ratio 3.5%
Risk via 5d forecast
Volatility 40.5%
Value at Risk 5%th 66.6%
Relative Tail Risk -0.07%
Reward TTM
Sharpe Ratio 1.84
Alpha 87.59
CAGR/Max DD 0.60
Character TTM
Hurst Exponent 0.535
Beta 0.812
Beta Downside 1.154
Drawdowns 3y
Max DD 51.45%
Mean DD 17.86%
Median DD 12.91%

Description: HSHP Himalaya Shipping January 01, 2026

Himalaya Shipping Ltd. (NYSE:HSHP) operates a fleet of 12 Newcastlemax dry-bulk vessels (≈210,000 dwt each) providing worldwide transport for commodity traders, energy-transition players, and multimodal logistics firms. Incorporated in 2021 and headquartered in Hamilton, Bermuda, the company focuses exclusively on the dry-bulk segment.

Key industry metrics that shape HSHP’s outlook include the Baltic Dry Index (BDI), which has hovered around 1,800 points in Q4 2024, indicating strong demand for bulk carriers, and average Newcastlemax spot charter rates that have risen to roughly $30,000 per day-a 12% YoY increase. Additionally, fleet utilization for comparable operators sits near 95%, suggesting limited excess capacity and upward pressure on freight rates.

For a deeper quantitative dive, explore the HSHP profile on ValueRay to see the latest financial models and scenario analyses.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (5.25m TTM) > 0 and > 6% of Revenue (6% = 7.16m TTM)
FCFTA 0.04 (>2.0%) and ΔFCFTA 36.72pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 0.17% (prev -4.09%; Δ 4.25pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.04 (>3.0%) and CFO 37.4m > Net Income 5.25m (YES >=105%, WARN >=100%)
Net Debt (669.0m) to EBITDA (86.4m) ratio: 7.74 <= 3.0 (WARN <= 3.5)
Current Ratio 1.01 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (45.2m) change vs 12m ago 3.05% (target <= -2.0% for YES)
Gross Margin 63.16% (prev 60.19%; Δ 2.98pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 13.60% (prev 12.61%; Δ 0.99pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 1.10 (EBITDA TTM 86.4m / Interest Expense TTM 52.0m) >= 6 (WARN >= 3)

Altman Z'' 0.63

(A) 0.00 = (Total Current Assets 33.8m - Total Current Liabilities 33.6m) / Total Assets 865.3m
(B) 0.03 = Retained Earnings (Balance) 23.8m / Total Assets 865.3m
(C) 0.07 = EBIT TTM 57.2m / Avg Total Assets 877.8m
(D) 0.10 = Book Value of Equity 70.4m / Total Liabilities 705.2m
Total Rating: 0.63 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 63.22

1. Piotroski 3.0pt
2. FCF Yield 3.43%
3. FCF Margin 31.34%
4. Debt/Equity 4.34
5. Debt/Ebitda 7.74
6. ROIC - WACC (= 2.11)%
7. RoE 3.30%
8. Rev. Trend 80.58%
9. EPS Trend 36.79%

What is the price of HSHP shares?

As of January 10, 2026, the stock is trading at USD 9.24 with a total of 108,255 shares traded.
Over the past week, the price has changed by +4.52%, over one month by -0.61%, over three months by +21.85% and over the past year by +93.36%.

Is HSHP a buy, sell or hold?

Himalaya Shipping has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy HSHP.
  • Strong Buy: 0
  • Buy: 1
  • Hold: 0
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the HSHP price?

Issuer Target Up/Down from current
Wallstreet Target Price 11 19%
Analysts Target Price 11 19%
ValueRay Target Price 12.2 32.1%

HSHP Fundamental Data Overview January 04, 2026

P/E Trailing = 80.3636
P/E Forward = 6.8587
P/S = 3.5188
P/B = 2.6516
Beta = 0.852
Revenue TTM = 119.4m USD
EBIT TTM = 57.2m USD
EBITDA TTM = 86.4m USD
Long Term Debt = 671.6m USD (from longTermDebt, last quarter)
Short Term Debt = 23.8m USD (from shortTermDebt, last quarter)
Debt = 695.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 669.0m USD (from netDebt column, last quarter)
Enterprise Value = 1.09b USD (420.1m + Debt 695.4m - CCE 26.4m)
Interest Coverage Ratio = 1.10 (Ebit TTM 57.2m / Interest Expense TTM 52.0m)
FCF Yield = 3.43% (FCF TTM 37.4m / Enterprise Value 1.09b)
FCF Margin = 31.34% (FCF TTM 37.4m / Revenue TTM 119.4m)
Net Margin = 4.39% (Net Income TTM 5.25m / Revenue TTM 119.4m)
Gross Margin = 63.16% ((Revenue TTM 119.4m - Cost of Revenue TTM 44.0m) / Revenue TTM)
Gross Margin QoQ = 80.21% (prev 50.50%)
Tobins Q-Ratio = 1.26 (Enterprise Value 1.09b / Total Assets 865.3m)
Interest Expense / Debt = 1.86% (Interest Expense 12.9m / Debt 695.4m)
Taxrate = 0.0% (0.0 / 9.50m)
NOPAT = 57.2m (EBIT 57.2m * (1 - 0.00%))
Current Ratio = 1.01 (Total Current Assets 33.8m / Total Current Liabilities 33.6m)
Debt / Equity = 4.34 (Debt 695.4m / totalStockholderEquity, last quarter 160.1m)
Debt / EBITDA = 7.74 (Net Debt 669.0m / EBITDA 86.4m)
Debt / FCF = 17.88 (Net Debt 669.0m / FCF TTM 37.4m)
Total Stockholder Equity = 159.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.60% (Net Income 5.25m / Total Assets 865.3m)
RoE = 3.30% (Net Income TTM 5.25m / Total Stockholder Equity 159.2m)
RoCE = 6.89% (EBIT 57.2m / Capital Employed (Equity 159.2m + L.T.Debt 671.6m))
RoIC = 6.62% (NOPAT 57.2m / Invested Capital 863.8m)
WACC = 4.52% (E(420.1m)/V(1.12b) * Re(8.91%) + D(695.4m)/V(1.12b) * Rd(1.86%) * (1-Tc(0.0)))
Discount Rate = 8.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 17.26%
[DCF Debug] Terminal Value 81.55% ; FCFF base≈37.4m ; Y1≈25.7m ; Y5≈12.8m
Fair Price DCF = N/A (negative equity: EV 404.7m - Net Debt 669.0m = -264.3m; debt exceeds intrinsic value)
[DCF Warning] FCF declining rapidly (-36.69%), DCF may be unreliable
EPS Correlation: 36.79 | EPS CAGR: 26.15% | SUE: -0.28 | # QB: 0
Revenue Correlation: 80.58 | Revenue CAGR: 148.6% | SUE: N/A | # QB: 0

Additional Sources for HSHP Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle