Himalaya Shipping Ltd. (HSHP) Key Metrics
HSHP valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $758.5M
- Enterprise value
- $1.49B
- P/E (TTM)
- 14.2 10-yr median 23.7
- Forward P/E
- 10.1
- PEG ratio
- —
- Price / sales
- 4.5 10-yr median 3.2
- Price / book
- 5.3 10-yr median 1.7
- EV / EBITDA
- 11.3 10-yr median 10.8
- Dividend yield
- 20.90% $3.36 a year
- Beta
- 0.93
HSHP key metrics, 2021–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHSHP valuation Price multiples at each fiscal year-end price.
HSHP returns How much profit the business earns on the capital it uses.
HSHP per-share figures Results divided by the shares outstanding at year-end.
HSHP financial health Debt, liquidity and how easily interest is covered.
HSHP efficiency & capital use Working capital cycle and where the cash goes.
HSHP valuation history
HSHP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HSHP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HSHP cash returned to shareholders
HSHP price vs earnings per share
HSHP key metrics
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Valuation | |||||
| Market capitalization | $418.7M | $213.4M | $261.2M | — | — |
| Enterprise value | $1.08B | $907.9M | $675.2M | — | — |
| P/E ratio | 23.7 | 10.1 | 172.5 | — | — |
| Price / sales | 3.2 | 1.7 | 7.1 | — | — |
| Price / book | 2.6 | 1.4 | 1.7 | — | — |
| Price / free cash flow | 8.1 | — | — | — | — |
| Price / operating cash flow | 8.1 | 3.8 | 40.4 | — | — |
| EV / sales | 8.2 | 7.3 | 18.4 | — | — |
| EV / EBITDA | 10.8 | 9.6 | 27.9 | — | — |
| EV / free cash flow | 20.8 | — | — | — | — |
| Earnings yield | 4.2% | 9.9% | 0.6% | — | — |
| Free cash flow yield | 12.3% | −120.5% | −155.6% | — | — |
| Dividend yield | 6.6% | 9.7% | 0.0% | — | — |
| Shareholder yield (dividends + buybacks) | 6.6% | 9.7% | 0.0% | — | — |
| Share price at fiscal year-end | $9.10 | $4.86 | $6.76 | — | — |
| Per share | |||||
| Revenue per share | $2.87 | $2.81 | $0.95 | $0.26 | $0.00 |
| Earnings per share | $0.38 | $0.48 | $0.04 | −$0.06 | −$0.05 |
| Operating cash flow per share | $1.12 | $1.27 | $0.17 | −$0.04 | −$0.03 |
| Free cash flow per share | $1.12 | −$5.86 | −$10.52 | −$2.48 | −$3.78 |
| Cash per share | $0.70 | $0.44 | $0.66 | $0.01 | $0.62 |
| Book value per share | $3.51 | $3.52 | $3.99 | $2.81 | $5.02 |
| Tangible book value per share | $3.51 | $3.52 | $3.99 | $2.81 | $5.02 |
| Dividends per share | $0.60 | $0.47 | $0.00 | $0.00 | — |
| Capex per share | $0.00 | $7.13 | $10.69 | $2.43 | $3.76 |
| Debt per share | $14.98 | $16.26 | $11.37 | $2.10 | $0.00 |
| Shares outstanding | 46.0M | 43.9M | 38.6M | 32.2M | 18.3M |
| Change in shares outstanding | +4.8% | +13.6% | +20.2% | +75.5% | — |
| Returns & profitability | |||||
| Return on equity (ROE) | 11.2% | 13.6% | 1.2% | −2.2% | −1.1% |
| Return on invested capital (ROIC) | 6.5% | 9.4% | 3.9% | −1.3% | −1.0% |
| Return on assets (ROA) | 2.0% | 2.8% | 0.4% | −1.5% | −1.0% |
| Return on tangible assets | 2.0% | 2.4% | 0.3% | −1.1% | −1.0% |
| Free cash flow margin | 39.2% | −208.1% | — | −971.3% | — |
| Income quality (OCF / net income) | 2.92 | 2.65 | 4.28 | — | — |
| Financial health | |||||
| Total debt | $689.2M | $713.9M | $439.5M | $67.4M | $0 |
| Cash & short-term investments | $32.4M | $19.4M | $25.6M | $263,000 | $11.3M |
| Net debt | $656.8M | $694.5M | $413.9M | $67.2M | −$11.3M |
| Debt / equity | 4.26 | 4.61 | 2.85 | 0.75 | 0.00 |
| Debt / assets | 0.80 | 0.81 | 0.73 | 0.38 | 0.00 |
| Net debt / EBITDA | 6.58 | 7.38 | 17.08 | — | — |
| Current ratio | 1.08 | 0.75 | 1.30 | 0.06 | 14.12 |
| Quick ratio | 1.04 | 0.71 | 1.27 | 0.06 | 14.12 |
| Interest coverage | 1.3 | 1.4 | 1.1 | -0.7 | — |
| Working capital | $3.1M | −$9.0M | $7.5M | −$24.4M | $10.5M |
| Invested capital | $818.5M | $849.2M | $568.1M | $157.5M | $80.6M |
| Tangible asset value | $161.7M | $154.7M | $154.2M | $90.3M | $91.9M |
| Net current asset value | −$662.5M | −$698.6M | −$412.2M | −$85.8M | $8.0M |
| Graham number | $5.51 | $6.16 | $1.88 | — | — |
| Graham net-net per share | −$14.53 | −$16.04 | −$10.83 | −$2.71 | $0.44 |
| Capital allocation | |||||
| Dividends paid | $27.7M | $20.6M | $0 | $0 | — |
| Share buybacks (net) | — | — | — | $513,000 | — |
| Dividend payout ratio | 156.4% | 98.0% | 0.0% | — | — |
| Dividends + buybacks / free cash flow | 53.6% | — | — | — | — |
| Capex / revenue | 0.0% | 253.3% | 1,124.4% | 953.6% | — |
| Capex / operating cash flow | 0.0% | 560.6% | 6,380.2% | — | — |
| Capex / depreciation | 0.00 | 11.82 | 45.30 | — | 49.43 |
| Stock-based compensation / revenue | 0.2% | 0.4% | 1.3% | 4.9% | — |
| SG&A / revenue | 3.7% | 4.1% | 10.5% | 24.5% | — |
| Efficiency | |||||
| Days sales outstanding | 2.7 | 3.0 | 4.0 | 0.0 | — |
| Days of inventory on hand | 19.8 | 15.3 | 6.3 | — | — |
| Days payables outstanding | 13.1 | 18.0 | 165.7 | — | — |
| Cash conversion cycle (days) | 9.4 | 0.4 | -155.4 | — | — |
| Receivables turnover | 135.35 | 119.98 | 90.59 | — | — |
| Payables turnover | 27.91 | 20.25 | 2.20 | 0.00 | — |
| Inventory turnover | 18.47 | 23.80 | 57.62 | — | — |
| Asset turnover | 0.15 | 0.17 | 0.09 | 0.06 | 0.00 |
| Average receivables | $974,500 | $1.0M | $405,500 | $0 | — |
| Average payables | $1.1M | $1.3M | $8.3M | $7.8M | $800,000 |
| Average inventory | $1.6M | $1.1M | $317,000 | $0 | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from HSHP's annual financial statements (latest annual report filed March 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HSHP valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Himalaya Shipping traded at 23.7 times earnings, against a 5-year median of 23.7. Based on the latest twelve months, the trailing P/E is 14.2 and the forward P/E is 10.1. Himalaya Shipping earned a return on equity of 11.2% and a return on invested capital of 6.5% in fiscal 2025. It ended the year with $689.2 million of debt and $32.4 million in cash and short-term investments, net debt of $656.8 million. It returned $27.7 million to shareholders: $27.7 million in dividends and $0 in share buybacks, 54% of free cash flow. The share count rose 151.2% from 18.3M to 46.0M over 4 years.
See the HSHP income statement, the HSHP chart for price history, or the HSHP stock overview for the latest quote and news.
HSHP key metrics FAQ
What is Himalaya Shipping's P/E ratio?
Himalaya Shipping's trailing P/E ratio is 14.2 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 10.1. At the end of fiscal 2025 it was 23.7, compared with a 5-year median of 23.7.
What is Himalaya Shipping's EV/EBITDA?
Himalaya Shipping's enterprise value was 10.8 times EBITDA at the end of fiscal 2025 (enterprise value $1.1 billion, EBITDA $99.8 million); the current EV/EBITDA is 11.3.
What is Himalaya Shipping's return on equity?
Himalaya Shipping's return on equity (ROE) was 11.2% in fiscal 2025: net income of $17.7 million on average shareholders' equity of $158.2 million.
What is Himalaya Shipping's ROIC?
Himalaya Shipping's return on invested capital was 6.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Himalaya Shipping have?
Himalaya Shipping had total debt of $689.2 million at the end of fiscal 2025, a debt-to-equity ratio of 4.26 and $656.8 million of net debt (6.58 times EBITDA).
What is Himalaya Shipping's dividend yield?
Himalaya Shipping's forward dividend yield is 20.90%. Himalaya Shipping paid $27.7 million in dividends in fiscal 2025 ($0.60 per share), a payout ratio of 156.4%.
What is Himalaya Shipping's free cash flow yield?
Himalaya Shipping generated $51.7 million of free cash flow in fiscal 2025, a free cash flow yield of 12.3% on its market value at year-end ($418.7 million).
What is Himalaya Shipping's current ratio?
Himalaya Shipping's current ratio was 1.08 at the end of fiscal 2025: current assets were 1.08 times current liabilities.