Himalaya Shipping Ltd.
Himalaya Shipping Ltd. is a Bermuda-based dry bulk shipping company that owns and operates Newcastlemax vessels designed for large-scale commodity transport. Its fleet consists of LNG dual-fuel ships with a capacity of around 210,000 deadweight tons each, supporting the movement of major bulk cargoes across international trade routes. The company provides shipping services to commodity trading, energy transition, and multi-modal transport customers, with a business model centered on owning modern, fuel-efficient tonnage. Himalaya Shipping Ltd. is focused on the global dry bulk market, where vessel size, operating efficiency, and cargo flexibility are important competitive features. Founded in 2021 and headquartered in Hamilton, Bermuda, the company plays a niche role in maritime logistics by offering specialized capacity for industrial shipping needs.
$16.65
-$0.31 (-1.83%)
Live
51.71% operating margin is above average. ROIC at 7.93%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 6.7%, steady but not accelerating. Margins contracted 2.2pp, which offsets some of the top-line progress.
Net debt of $657M represents 12.7x FCF, leverage limits flexibility.
14.7x earnings, 9.0x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$167M
▲ +6.7% YoY
Net Income (TTM)
$53M
▼ -15.9% YoY
Op. Margin
60.91%
▼ -2.2pp YoY
ROIC
7.93%
▼ -1.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$87M
▲ +120.1% YoY
Op. Cash Flow (TTM)
$87M
▲ +0.3% YoY
Net Debt
$657M
Cash & Equiv.
$32M
Continue Research
Is Himalaya Shipping (HSHP) overvalued?
At a P/E of 14.7 and a price-to-free-cash-flow of 9.0, Himalaya Shipping (HSHP) trades below a two-stage DCF intrinsic value of about $79.31 per share, so at $16.65 the stock looks undervalued (376.3% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Himalaya Shipping scores 33/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.4%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Himalaya Shipping's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $79.31 per share for HSHP, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $59.48. At today's $16.65, that puts the stock about 376.3% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Himalaya Shipping a high-quality business?+
Himalaya Shipping scores 33 out of 100 on Intrinsiqq's quality score, a weighted blend of 5 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 60.9% operating margin and a 7.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Himalaya Shipping (HSHP) pay a dividend, and how much?+
Yes, Himalaya Shipping pays a regular dividend of about $0.73 per share per year (typically in quarterly installments), a yield of roughly 4.4% at the current price. That is a payout ratio of about 65.3% of earnings, so the dividend is covered, with less cushion. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For HSHP's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Himalaya Shipping a good stock to buy right now?+
That depends on valuation and quality together, not either alone. HSHP currently trades below its estimated intrinsic value and scores 33/100 on quality (lower-quality). It also yields about 4.4%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Marine Shipping
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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