Himalaya Shipping Ltd. (HSHP) Stock

Himalaya Shipping Ltd. (HSHP) is a Industrials stock trading at $16.53 (as of 2026-08-24), with a market capitalization of $755.26M and a trailing P/E of 14.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Understand Himalaya Shipping Ltd.: how it makes money

Himalaya Shipping Ltd. operates in transportation by chartering vessels at spot and index-linked rates, with a large share of bauxite cargo destinations tied to China.

Profit is driven by how the company’s vessel fleet is split between spot market exposure and index-linked charter rates, because those different rate mechanisms determine the charter revenue it earns on the number of vessels in each category (11 vessels exposed to the spot market, 11 vessels on index-linked charter rates).

Business quality (Solid): The dataset includes margin figures and a few operational indicators tied to chartering, but there is no official segment breakdown provided and some KPI fields are shown as 0.0, limiting how precisely investors can analyze drivers.

Valuation: At 36× earnings, HSHP trades 107% above the Transportation average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Material spot market exposure exists in the fleet (11 vessels exposed to the spot market): This mix can help revenue respond to changes in spot charter conditions, rather than relying only on fixed rate structures.
  • Index-linked charter exposure is also present (11 vessels on index-linked charter rates): Index-linked arrangements can link earnings to prevailing index rate movements, aligning income with market pricing for those vessels.

Bear case

  • Earnings are exposed to charter rate volatility because vessels operate on spot and index-linked structures: If spot or index rates weaken, the same vessel mix that boosts upside can also pressure revenue.
  • Commodity destination concentration is high in the provided KPI (Bauxite Destination to China (Commodity Share) at 85.0%): If demand, freight patterns, or trade flows to China shift, the company may face reduced opportunity in its most emphasized destination.
Valuation — source: SEC EDGAR (first-party)
Price$16.53
Market Cap$755.26M
P/E Ratio14.4
EV / EBITDA10.7
Price / Book4.63
Price / Sales4.51
Dividend Yield7.2%
DCF Value (model)$0.98
DCF Upside vs Price-94.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$131.90M
Net Margin13.4%
Return on Equity32.2%
Debt / Equity4.15
Current Ratio1.19
Revenue Growth (YoY)79.6%
EPS Growth (YoY)2500.0%
Financial Health — source: SEC EDGAR
Altman Z-Score1.14 (distress)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E14.4
Sector P/E (Industrials)26.0
Industry P/E (Transportation)17.0
vs Sector-44.8%
vs Industry-15.5%
Company
SectorIndustrials
IndustryTransportation

Related Companies (Transportation; 8 comparable transport companies)

  • SEACOR Marine Holdings Inc. (SMHI)
  • Genco Shipping & Trading Limited (GNK)
  • Dorian LPG Ltd. (LPG)
  • Pangaea Logistics Solutions, Ltd. (PANL)
  • Nordic American Tankers Limited (NAT)
  • Navios Maritime Partners L.P. (NMM)
  • International Seaways, Inc. (INSW)
  • Verra Mobility Corporation (VRRM)
HSHP earnings history · HSHP institutional & insider holders · HSHP KPIs & operating metrics · HSHP financials · HSHP investor presentations & press releases · HSHP SEC filings · HSHP peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.