Himalaya Shipping Ltd.

BATS-CHIXE:HSHPO Stock Report

Market Cap: NOK 2.7b

Himalaya Shipping Valuation

Is HSHPO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HSHPO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
NOK 316.51
Fair Value
82.8% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: HSHPO (NOK54.5) is trading below our estimate of fair value (NOK316.51)

Significantly Below Fair Value: HSHPO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HSHPO?

Key metric: As HSHPO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HSHPO. This is calculated by dividing HSHPO's market cap by their current earnings.
What is HSHPO's PE Ratio?
PE Ratio12.5x
EarningsUS$21.04m
Market CapUS$262.88m

Price to Earnings Ratio vs Peers

How does HSHPO's PE Ratio compare to its peers?

The above table shows the PE ratio for HSHPO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.3x
TMI Taylor Maritime
3.2xn/aUS$255.9m
ICGC Irish Continental Group
14.3xn/aUK£720.5m
CKN Clarkson
12.3x-2.02%UK£1.0b
FSJ James Fisher and Sons
3.4x-45.85%UK£158.1m
HSHPO Himalaya Shipping
12.5x38.16%NOK 2.7b

Price-To-Earnings vs Peers: HSHPO is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (8.3x).

Price to Earnings Ratio vs Industry

How does HSHPO's PE Ratio compare vs other companies in the European Shipping Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies13PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HSHPO is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the European Shipping industry average (6.5x).

Price to Earnings Ratio vs Fair Ratio

What is HSHPO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HSHPO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HSHPO's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HSHPO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 80.15
0%
14.64%NOK 91.49NOK 63.01n/a4
May ’26NOK 54.50
NOK 80.15
+47.07%
14.64%NOK 91.49NOK 63.01n/a4
Apr ’26n/a
NOK 80.79
0%
15.04%NOK 92.45NOK 62.87n/a4
Mar ’26n/a
NOK 86.30
0%
28.18%NOK 115.73NOK 51.10n/a4
Feb ’26n/a
NOK 100.10
0%
31.78%NOK 120.12NOK 45.04n/a4
Jan ’26n/a
NOK 104.41
0%
22.48%NOK 119.87NOK 63.93n/a4
Dec ’25n/a
NOK 104.41
0%
22.48%NOK 119.87NOK 63.93n/a4
Nov ’25n/a
NOK 103.89
0%
22.18%NOK 121.06NOK 64.97n/a4
Oct ’25n/a
NOK 103.76
0%
20.89%NOK 120.10NOK 67.26n/a4
Sep ’25NOK 79.30
NOK 102.22
+28.90%
19.77%NOK 119.88NOK 66.29n/a6
Aug ’25NOK 85.90
NOK 110.70
+28.87%
14.63%NOK 130.24NOK 85.72n/a6
Jul ’25n/a
NOK 110.15
0%
14.11%NOK 129.71NOK 83.93n/a6
Jun ’25n/a
NOK 101.41
0%
18.33%NOK 130.28NOK 79.68n/a5
May ’25n/a
NOK 97.36
0%
10.97%NOK 116.15NOK 84.28NOK 54.505
Apr ’25NOK 81.60
NOK 83.64
+2.50%
17.18%NOK 99.86NOK 60.44n/a4
Mar ’25n/a
NOK 84.32
0%
16.92%NOK 100.02NOK 61.09n/a4
Feb ’25n/a
NOK 80.45
0%
14.49%NOK 90.68NOK 60.86n/a4
Jan ’25n/a
NOK 71.99
0%
12.36%NOK 83.46NOK 58.80n/a4
Dec ’24n/a
NOK 64.34
0%
24.06%NOK 77.68NOK 38.04n/a4
Nov ’24n/a
NOK 75.41
0%
7.46%NOK 83.14NOK 69.90n/a3
Oct ’24n/a
NOK 73.82
0%
6.15%NOK 80.24NOK 70.56n/a3
Sep ’24n/a
NOK 76.02
0%
10.04%NOK 83.66NOK 68.39NOK 79.302
Aug ’24n/a
NOK 76.66
0%
7.81%NOK 82.65NOK 70.68NOK 85.902
Jul ’24n/a
NOK 76.66
0%
7.81%NOK 82.65NOK 70.68n/a2
Jun ’24n/a
NOK 76.05
0%
8.17%NOK 82.26NOK 69.84n/a2
AnalystConsensusTarget
Consensus Narrative from 4 Analysts
NOK 74.04
Fair Value
26.4% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/13 20:11
End of Day Share Price 2025/04/30 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Himalaya Shipping Ltd. is covered by 6 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Jørgen LianDNB Markets
Fredrik DybwadFearnley Securities