# Himalaya Shipping Ltd. (HSHP) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Marine. Price $18.35, market value $865 million.

## Valuation
- **P/E (trailing): 16.2×** (5-yr avg 58.6×, 3-yr avg 58.6×). Himalaya Shipping Ltd. trades at 16.2× trailing earnings, well below its own five-year average of 58.6×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×.
- **Price / sales: 5.2×**. Each dollar of revenue is priced at 5.2×.
- **Price / book: 5.3×**. The shares trade at 5.3× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 12.2×**. Enterprise value is 12.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 10.1%**. Free cash flow equals 10.1% of the market value. Above 5% is generally attractive.
- **Earnings yield: 6.2%**. The inverse of the P/E: 6.2% of the price is earned each year.

## Profitability
- **Gross margin: 64.1%**. Himalaya Shipping Ltd. keeps 64.1% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 60.9%**. 60.9% of revenue is left after running the business, an exceptional level.
- **Net margin: 13.4%**. 13.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.9%**. 10.9% on shareholders' equity is solid.
- **Return on invested capital: 9.8%**. Return on all capital, debt included, is 9.8%.
- **Return on assets: 6.1%**. Each dollar of assets produces 6.1% of profit.

## Growth
- **Revenue growth (1 yr): 6.7%**. Revenue grew 6.7% over the last year.
- **EPS growth (1 yr): -20.8%**. Earnings per share fell 20.8%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 4.26**. Debt is 4.26 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 5.3×**. It would take 5.3 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 2.0×**. Operating profit covers interest 2.0×, thin but manageable.
- **Altman Z-score: 1.41**. A Z-score of 1.41 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 14.39%** ($2.64 per share, trailing). Himalaya Shipping Ltd. yields 14.39%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 152%** (63% of free cash flow). The dividend exceeds earnings (152% payout), though free cash flow still covers it.

## Price and momentum
- **Total return (1 yr): 148.4%** (YTD 116.2%, 3-mo 31.4%). The shares are up 148.4% over twelve months including dividends.
- **From 52-week high: -2.0%** (149.0% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 71**. An RSI of 71 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.86** (volatility 42%). Beta of 0.86 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HSHP · Page: https://foliofundamentals.com/stocks/hshp

Not investment advice.