Calculating The Intrinsic Value Of Himalaya Shipping Ltd. (OB:HSHP)
Nov 22
Norwegian (OSEAX) Marine and Shipping Industry Analysis
UpdatedDec 03, 2023
DataAggregated Company Financials
Companies24
- 7D-0.6%
- 3M7.7%
- 1Y13.6%
- YTD8.2%
The Marine and Shipping is pretty flat in the last 7 days, but 2020 Bulkers has stood out, gaining 5.5%. As for the the longer term, the industry is up 14% over the past 12 months. Earnings are forecast to grow by 3.3% annually.
Industry Valuation and Performance
Has the Norwegian Marine and Shipping Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 03 Dec 2023 | kr160.7b | kr185.0b | kr35.2b | 5.9x | 4.6x | 0.9x |
| Tue, 31 Oct 2023 | kr158.7b | kr193.3b | kr34.9b | 4.6x | 4.5x | 0.8x |
| Thu, 28 Sep 2023 | kr151.6b | kr187.5b | kr33.0b | 5x | 4.6x | 0.8x |
| Sat, 26 Aug 2023 | kr143.7b | kr188.0b | kr33.5b | 4.6x | 4.3x | 0.8x |
| Mon, 24 Jul 2023 | kr134.0b | kr179.8b | kr26.2b | 4.8x | 5.1x | 0.7x |
| Wed, 21 Jun 2023 | kr137.1b | kr189.7b | kr28.4b | 4.6x | 4.8x | 0.7x |
| Fri, 19 May 2023 | kr136.1b | kr191.7b | kr29.9b | 4.1x | 4.6x | 0.7x |
| Sun, 16 Apr 2023 | kr142.7b | kr181.9b | kr27.6b | 5.2x | 5.2x | 0.8x |
| Tue, 14 Mar 2023 | kr139.7b | kr184.0b | kr27.9b | 5.1x | 5x | 0.8x |
| Thu, 09 Feb 2023 | kr140.9b | kr178.5b | kr27.2b | 5.9x | 5.2x | 0.8x |
| Sat, 07 Jan 2023 | kr138.4b | kr172.4b | kr25.9b | 6.1x | 5.3x | 0.8x |
| Mon, 05 Dec 2022 | kr133.1b | kr167.8b | kr24.9b | 6.3x | 5.3x | 0.8x |
| Wed, 02 Nov 2022 | kr129.3b | kr172.5b | kr22.9b | 5.9x | 5.7x | 0.7x |
| Fri, 30 Sep 2022 | kr104.5b | kr172.2b | kr20.9b | 5.6x | 5x | 0.6x |
| Sun, 28 Aug 2022 | kr116.7b | kr158.3b | kr19.3b | 6.6x | 6.1x | 0.7x |
| Tue, 26 Jul 2022 | kr120.2b | kr152.1b | kr18.2b | 6.2x | 6.6x | 0.8x |
| Thu, 23 Jun 2022 | kr113.8b | kr151.2b | kr17.8b | 7.9x | 6.4x | 0.8x |
| Sat, 21 May 2022 | kr123.7b | kr147.1b | kr17.2b | 6.6x | 7.2x | 0.8x |
| Mon, 18 Apr 2022 | kr112.3b | kr126.7b | kr10.8b | 7.7x | 10.4x | 0.9x |
| Wed, 16 Mar 2022 | kr117.5b | kr130.6b | kr11.5b | 7x | 10.2x | 0.9x |
| Fri, 11 Feb 2022 | kr121.5b | kr103.3b | kr7.8b | 10.4x | 15.6x | 1.2x |
| Sun, 09 Jan 2022 | kr105.7b | kr102.7b | kr7.3b | 8.1x | 14.4x | 1x |
| Tue, 07 Dec 2021 | kr87.6b | kr97.6b | kr7.6b | 7.1x | 11.5x | 0.9x |
| Thu, 04 Nov 2021 | kr91.1b | kr88.3b | kr5.3b | 9.5x | 17.1x | 1x |
| Sat, 02 Oct 2021 | kr83.9b | kr88.3b | kr4.9b | 12.2x | 17.1x | 0.9x |
| Mon, 30 Aug 2021 | kr83.2b | kr84.9b | kr4.5b | 10.7x | 18.6x | 1x |
| Tue, 06 Jul 2021 | kr76.6b | kr84.9b | kr4.5b | 9.4x | 17.1x | 0.9x |
| Fri, 09 Apr 2021 | kr65.3b | kr78.7b | kr2.7b | 13.5x | 24.5x | 0.8x |
| Thu, 31 Dec 2020 | kr54.6b | kr76.7b | -kr1,532,044,186.71 | 12x | -35.6x | 0.7x |
Price to Earnings Ratio
-30.1x
Current Industry PE
- Investors are pessimistic on the Norwegian Shipping industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 4.6x which is lower than its 3-year average PE of 6.3x.
- The industry is trading close to its 3-year average PS ratio of 0.83x.
Past Earnings Growth
- Total earnings for the Shipping industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 30% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Industrials industry?
| NO Market | -0.88% | |
| Industrials | 1.10% | |
| Marine and Shipping | -0.62% | |
| Marine | -0.62% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2020 2020 Bulkers | kr123.70 | 5.5% +kr151.4m | 49.0% | PE15.1x | |
| HSHP Himalaya Shipping | kr65.80 | 5.8% +kr146.8m | 41.5% | PS13.7x | |
| BELCO Belships | kr19.26 | 2.9% +kr136.5m | 44.2% | PE5.7x | |
| WWI Wilh. Wilhelmsen Holding | kr336.00 | 0.4% +kr65.9m | 33.9% | PE2.3x | |
| WEST Western Bulk Chartering | kr28.30 | 6.8% +kr60.5m | -23.1% | PE3.8x |
