HSHP Stock Analysis: Himalaya Shipping | OL
Marine Shipping | OL, Norway | Market Cap: 7.317m NOK | 12M Return: 139.2% | BMG4660A1036 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 24.8M
Warnings
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: 29.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 20.16 > 1.0 |
| NWC/Revenue: -1.11% < 20% (prev 0.07%; Δ -1.19% < -1%) |
| CFO/TA 0.07 > 3% & CFO 61.1m > Net Income 29.1m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 0.95 > 1.5 & < 3 |
| Outstanding Shares: last quarter (46.8m) vs 12m ago 5.71% < -2% |
| Gross Margin: 63.48% > 18% (prev 54.70%; Δ 8.78% > 0.5%) |
| Asset Turnover: 16.58% > 50% (prev 13.87%; Δ 2.72% > 0%) |
| Interest Coverage Ratio: 1.55 > 6 (EBIT TTM 78.8m / Interest Expense TTM 50.8m) |
| A: -0.00 (Total Current Assets 32.7m - Total Current Liabilities 34.3m) / Total Assets 849.6m |
| B: 0.05 (Retained Earnings 42.3m / Total Assets 849.6m) |
| C: 0.09 (EBIT TTM 78.8m / Avg Total Assets 865.3m) |
| D: 0.22 (Book Value of Equity 155.8m / Total Liabilities 693.8m) |
| Altman-Z'' = 1.00 = BB |
| DSRI: 1.20 (Receivables 1.00m/710k, Revenue 143.5m/122.2m) |
| GMI: 0.86 (GM 54.70% / 63.48%) |
| AQI: 1.21 (AQ_t 0.00 / AQ_t-1 0.00) |
| SGI: 1.17 (Revenue 143.5m / 122.2m) |
| TATA: -0.04 (NI 29.1m - CFO 61.1m) / TA 849.6m) |
| Beneish M = -2.74 (Cap -4..+1) = A |
As of September 01, 2026, the stock is trading at NOK 157.00 with a total of 102,350 shares traded. Over the past week, the price has changed by +1.29%, over one month by +6.83%, over three months by +19.25% and over the past year by +139.22%.
Current recommended Stop Loss: 148.50 (which is 5.4% or 1.4 ATR below the current price).
Himalaya Shipping has no consensus analysts rating.
Market Cap USD = 780.7m (7.32b NOK * 0.1067 NOK.USD)
P/E Trailing = 14.7249
P/E Forward = 8.6133
P/S = 43.7352
P/B = 4.7105
Revenue TTM = 143.5m USD
EBIT TTM = 78.8m USD
EBITDA TTM = 108.0m USD
Long Term Debt = 659.5m USD (from longTermDebt, last quarter)
Short Term Debt = 23.7m USD (from shortLongTermDebt, last quarter)
Debt = unknown
Net Debt = unknown
Enterprise Value = 756.2m USD (780.7m + (null Debt) - CCE 24.5m)
Interest Coverage Ratio = 1.55 (Ebit TTM 78.8m / Interest Expense TTM 50.8m)
EV/FCF = 12.38x (Enterprise Value 756.2m / FCF TTM 61.1m)
FCF Yield = 8.08% (FCF TTM 61.1m / Enterprise Value 756.2m)
FCF Margin = 42.58% (FCF TTM 61.1m / Revenue TTM 143.5m)
Net Margin = 20.28% (Net Income TTM 29.1m / Revenue TTM 143.5m)
Gross Margin = 63.48% ((Revenue TTM 143.5m - Cost of Revenue TTM 52.4m) / Revenue TTM)
Gross Margin QoQ = 54.76% (prev 64.61%)
Tobins Q-Ratio = 0.89 (Enterprise Value 756.2m / Total Assets 849.6m)
Interest Expense / Debt = unknown (Interest Expense 50.8m / Debt none)
Taxrate = 0.0% (0.0 / 29.1m)
NOPAT = 78.8m (EBIT 78.8m * (1 - 0.00%))
Current Ratio = 0.95 (Total Current Assets 32.7m / Total Current Liabilities 34.3m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 108.0m)
Debt / FCF = unknown (Net Debt none / FCF TTM 61.1m)
Total Stockholder Equity = 159.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.36% (Net Income 29.1m / Total Assets 849.6m)
RoE = 18.28% (Net Income TTM 29.1m / Total Stockholder Equity 159.2m)
RoCE = 9.62% (EBIT 78.8m / Capital Employed (Equity 159.2m + L.T.Debt 659.5m))
RoIC = 9.75% (NOPAT 78.8m / Invested Capital 808.1m)
WACC = 7.89% (E(780.7m)/V(780.7m) * Re(7.89%) + (debt-free company))
Discount Rate = 7.89% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.12 | Cagr: 4.72%
[DCF] Terminal Value 75.44% ; FCFF base≈61.1m ; Y1≈61.4m ; Y5≈65.0m
[DCF] Fair Price = 21.44 (EV 1.01b - Net Debt 0.0 = Equity 1.01b / Shares 47.1m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.19 | # QB: 0
Revenue Correlation: 85.60 | Revenue CAGR: 138.8% | SUE: -0.16 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.50 | Chg30d=+12.14% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=1.85 | Chg30d=+9.47% | Revisions=+40% | GrowthEPS=+387.2% | GrowthRev=+50.5%
EPS next Year (2027-12-31): EPS=1.50 | Chg30d=+14.53% | Revisions=-25% | GrowthEPS=-18.9% | GrowthRev=-9.1%
[Analyst] Revisions Ratio: +12% (up=3, down=2)