Himalaya Shipping Ltd. (HSHP) Financial Ratios
5 years of historical data (2021–2025) · Industrials · Marine Shipping
EV/EBITDA
↓
13.90
↓-15% vs avg
5yr avg: 16.31
30Y Low9.8·High28.4
P/FCF
14.25
↑+76% vs avg
5yr avg: 8.10
30Y Low8.1·High8.1
P/B Ratio
↑
4.49
↑+138% vs avg
5yr avg: 1.89
30Y Low1.4·High2.6
ROE
↑
11.5%
↓+148% vs avg
5yr avg: 4.6%
30Y Low-2%·High14%
Debt/EBITDA
↓
6.87
↓-38% vs avg
5yr avg: 11.02
30Y Low6.9·High18.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HSHP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Himalaya Shipping Ltd. trades at 41.6x earnings, 40% below its 5-year average of 68.8x, sitting at the 67th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 63%. On a free-cash-flow basis, the stock trades at 14.2x P/FCF, 76% above the 5-year average of 8.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $737M | $419M | $213M | $261M | — | — |
| Enterprise Value | $1.4B | $1.1B | $908M | $675M | — | — |
| P/E Ratio → | 41.55 | 23.95 | 10.13 | 172.45 | — | — |
| P/S Ratio | 5.58 | 3.17 | 1.73 | 7.11 | — | — |
| P/B Ratio | 4.49 | 2.59 | 1.38 | 1.69 | — | — |
| P/FCF | 14.25 | 8.10 | — | — | — | — |
| P/OCF | 13.84 | 7.87 | 3.82 | 40.35 | — | — |
P/E links to full P/E history page with 30-year chart
HSHP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Himalaya Shipping Ltd.'s enterprise value stands at 13.9x EBITDA, 15% below its 5-year average of 16.3x. This is roughly in line with the Industrials sector median of 13.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.15 | 7.35 | 18.38 | — | — |
| EV / EBITDA | 13.90 | 10.73 | 9.75 | 28.44 | — | — |
| EV / EBIT | 19.85 | 15.12 | 13.41 | 44.67 | — | — |
| EV / FCF | — | 20.80 | — | — | — | — |
HSHP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Himalaya Shipping Ltd. earns an operating margin of 53.2%, significantly above the Industrials sector average of 4.9%. Operating margins have expanded from 39.8% to 53.2% over the past 3 years, signaling improving operational efficiency. ROE of 11.5% is modest. ROIC of 6.3% represents adequate returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 77.6% | 77.6% | 79.4% | 50.3% | — | — |
| Operating Margin | 53.2% | 53.2% | 53.9% | 39.8% | — | — |
| Net Profit Margin | 13.8% | 13.8% | 17.0% | 4.1% | — | — |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | 11.5% | 11.5% | 13.6% | 1.2% | -2.1% | -1.1% |
| ROA | 2.1% | 2.1% | 2.8% | 0.4% | -1.4% | -1.0% |
| ROIC | 6.3% | 6.3% | 7.1% | 3.0% | -1.2% | — |
| ROCE | 8.4% | 8.4% | 9.4% | 4.0% | -1.6% | -1.0% |
HSHP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Himalaya Shipping Ltd. carries a Debt/EBITDA ratio of 6.9x, which is highly leveraged (115% above the sector average of 3.2x). Net debt stands at $657M ($689M total debt minus $32M cash). Interest coverage of just 1.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 4.26 | 4.26 | 4.61 | 2.85 | 0.75 | — |
| Debt / EBITDA | 6.87 | 6.87 | 7.67 | 18.51 | — | — |
| Net Debt / Equity | — | 4.06 | 4.49 | 2.68 | 0.74 | -0.12 |
| Net Debt / EBITDA | 6.55 | 6.55 | 7.46 | 17.43 | — | -27.02 |
| Debt / FCF | — | 12.70 | — | — | — | — |
| Interest Coverage | 1.33 | 1.33 | 1.43 | 1.08 | — | — |
HSHP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.08x means Himalaya Shipping Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.30x to 1.08x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.08 | 1.08 | 0.75 | 1.30 | 0.06 | 14.13 |
| Quick Ratio | 1.04 | 1.04 | 0.71 | 1.27 | 0.06 | 14.13 |
| Cash Ratio | 0.89 | 0.89 | 0.54 | 1.01 | 0.01 | 14.13 |
| Asset Turnover | — | 0.15 | 0.14 | 0.06 | — | — |
| Inventory Turnover | 17.41 | 17.41 | 16.91 | 28.81 | — | — |
| Days Sales Outstanding | — | 1.94 | 3.69 | 8.06 | — | — |
HSHP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Himalaya Shipping Ltd. returns 3.8% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 152.0%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Dividend Yield | 3.8% | 6.6% | 9.7% | — | — | — |
| Payout Ratio | 152.0% | 152.0% | 98.0% | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | 2.4% | 4.2% | 9.9% | 0.6% | — | — |
| FCF Yield | 7.0% | 12.3% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 3.8% | 6.6% | 9.7% | 0.0% | — | — |
| Shares Outstanding | — | $46M | $44M | $39M | $32M | $18M |
Peer Comparison
Compare HSHP with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HSHPYou | $737M | 41.6 | 13.9 | 14.2 | 77.6% | 53.2% | 11.5% | 6.3% | 6.9 |
 SBLK | $3B | 36.7 | 11.9 | 14.7 | 22.5% | 13.5% | 3.4% | 3.2% | 3.5 |
 NMM | $2B | 6.0 | 4.9 | — | 66.1% | 33.6% | 12.5% | 8.3% | 2.1 |
 GNK | $1B | -252.1 | 14.4 | — | 13.4% | 2.7% | -0.5% | 0.7% | 2.3 |
 SB | $730M | 8.4 | 7.0 | — | 45.6% | 36.4% | 12.0% | 6.6% | 3.2 |
 SHIP | $342M | 16.0 | 7.4 | 20.1 | 39.6% | 26.0% | 7.7% | 6.1% | 3.8 |
 CTRM | $78M | 2.3 | 5.9 | — | 29.7% | 2.3% | 2.6% | 0.2% | 6.4 |
 EDRY | $61M | -6.1 | 15.3 | — | 34.1% | -5.5% | -8.6% | -1.2% | 10.2 |
 TOPS | $10M | 2.0 | 5.0 | 0.6 | 43.7% | 32.4% | 3.1% | 5.3% | 4.9 |
 STNG | $4B | 12.0 | 8.7 | 8.9 | 46.2% | 33.0% | 11.4% | 7.2% | 1.3 |
 TRMD | $3B | 5.2 | 5.1 | 14.4 | 60.8% | 42.3% | 32.7% | 18.0% | 1.4 |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
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Start ComparisonHSHP — Frequently Asked Questions
Quick answers to the most common questions about buying HSHP stock.
What is Himalaya Shipping Ltd.'s P/E ratio?
Himalaya Shipping Ltd.'s current P/E ratio is 41.6x. The historical average is 68.8x. This places it at the 67th percentile of its historical range.
What is Himalaya Shipping Ltd.'s EV/EBITDA?
Himalaya Shipping Ltd.'s current EV/EBITDA is 13.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.3x.
What is Himalaya Shipping Ltd.'s ROE?
Himalaya Shipping Ltd.'s return on equity (ROE) is 11.5%. The historical average is 4.6%.
Is HSHP stock overvalued?
Based on historical data, Himalaya Shipping Ltd. is trading at a P/E of 41.6x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Himalaya Shipping Ltd.'s dividend yield?
Himalaya Shipping Ltd.'s current dividend yield is 3.81% with a payout ratio of 152.0%.
What are Himalaya Shipping Ltd.'s profit margins?
Himalaya Shipping Ltd. has 77.6% gross margin and 53.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Himalaya Shipping Ltd. have?
Himalaya Shipping Ltd.'s Debt/EBITDA ratio is 6.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.