Himalaya Shipping Ltd
Research Himalaya Shipping Ltd (HSHP) on Bullrun: valuation model: 38.5% overvalued, market cap USD 844.84M, P/E 16.0, dividend yield 8.1%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerHSHP
- ExchangeNYSE
- CountryBermuda
- SectorIndustrials
- IndustryMarine Shipping
- CurrencyUSD
- Valuation signal38.5% overvalued
- Market capUSD 844.84M
- P/E16.0
- Dividend yield8.1%
- Financial periodQ2 2026
- RevenueUSD 53.70M
- Net incomeUSD 24.60M
- Free cash flowUSD 34.20M
- Gross margin71.9%
Valuation Snapshot
Bullrun's latest valuation model marks Himalaya Shipping Ltd as 38.5% overvalued; latest market cap is USD 844.84M; P/E is 16.0; dividend yield is 8.1%.
Peer valuation comparison
Latest P/E is 15.97x versus a Industrials sector median of 21.2x (24.6% below).
Latest dividend yield is 8.13% versus a Industrials sector median of 2.27% (258.1% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 131.90M | USD 17.70M | USD 51.70M | 78.8% | 0.38 | USD 32.40M | USD 689.20M | USD 161.70M |
| FY2024 | USD 123.60M | USD 21.10M | -USD 257.20M | 80.7% | 0.48 | USD 19.40M | USD 713.90M | USD 154.70M |
| FY2023 | USD 36.70M | USD 1.50M | -USD 406.60M | 76.6% | 0.04 | USD 25.55M | USD 439.50M | USD 154.20M |
| FY2022 | USD 0 | -USD 1.95M | -USD 79.64M | n/a | -0.06 | USD 263.00K | USD 67.44M | USD 90.40M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 844.84M | 16.0 | 8.1% | 1.46 |
| 2025 | 2025-12-31 | USD 424.52M | 24.6 | 0.5% | 0.05 |
| 2024 | 2024-12-31 | USD 213.35M | 10.1 | 9.7% | 0.47 |
| 2023 | 2023-12-29 | USD 296.76M | n/a | n/a | n/a |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.46 USD, yield 8.1%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.57 USD |
| FY2024 | 0.48 USD |
About Himalaya Shipping Ltd
Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company serves major commodity trading, commodity and energy transition, and multi-modal transport companies. As of December 31, 2024, it owned and operated through a fleet of 12 Newcastlemax dry bulk vessels, each with capacity in the range of 210,000 dead weight tons. Himalaya Shipping Ltd. was incorporated in 2021 and is based in Hamilton, Bermuda.
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Frequently asked questions
Is Himalaya Shipping Ltd overvalued or undervalued?
Bullrun's valuation model currently marks Himalaya Shipping Ltd as 38.5% overvalued.
What is Himalaya Shipping Ltd's market cap?
Himalaya Shipping Ltd's market capitalization is USD 844.84M.
What is Himalaya Shipping Ltd's P/E ratio?
Himalaya Shipping Ltd's price-to-earnings (P/E) ratio is 16.0.
Does Himalaya Shipping Ltd pay a dividend?
Himalaya Shipping Ltd has a dividend yield of 8.1%.
What does Himalaya Shipping Ltd do?
Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company serves major commodity trading, commodity and energy transition, and multi-modal transport companies. As of December 31, 2024, it owned and operated through a fleet of 12 Newcastlemax dry bulk vessels, each with capacity in the range of 210,000 dead weight tons. Himalaya Shipping Ltd. was incorporated in 2021 and is based in Hamilton, Bermuda.