Himalaya Shipping Ltd.

OB:HSHP Stock Report

Market Cap: NOK 4.2b

Himalaya Shipping Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Fair Value: HSHP (NOK89) is trading below our estimate of fair value (NOK216.75)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HSHP. This is calculated by dividing HSHP's market cap by their current earnings.
What is HSHP's PE Ratio?
PE Ratio78.3x
EarningsUS$5.24m
Market CapUS$410.59m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HSHP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.2x
KCC Klaveness Combination Carriers
15.6x40.90%NOK 5.0b
2020 2020 Bulkers
15.4x27.35%NOK 3.2b
FROY Frøy
26.7xn/aNOK 6.6b
MPCC MPC Container Ships
3.1x-47.95%NOK 8.0b
HSHP Himalaya Shipping
78.3x67.29%NOK 4.2b

Price-To-Earnings vs Peers: HSHP is expensive based on its Price-To-Earnings Ratio (78.3x) compared to the peer average (11.4x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does HSHP's PE Ratio compare vs other companies in the NO Shipping Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BULK GoodBulk
0.04xn/aUS$1.84m
AMSC AMSC
0.00001xn/aUS$709.47
No more companies available in this PE range
HSHP 78.3xIndustry Avg. 9.2xNo. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HSHP is expensive based on its Price-To-Earnings Ratio (78.3x) compared to the European Shipping industry average (9.2x).

Price to Earnings Ratio vs Fair Ratio

What is HSHP'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.

HSHP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio78.3x
Fair PE Ratio24x

Price-To-Earnings vs Fair Ratio: HSHP is expensive based on its Price-To-Earnings Ratio (78.3x) compared to the estimated Fair Price-To-Earnings Ratio (24x).

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 HSHP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 89.00
NOK 97.10
+9.10%
16.70%NOK 115.22NOK 75.88n/a3
Jan ’27NOK 91.90
NOK 96.24
+4.72%
14.45%NOK 111.06NOK 77.62n/a3
Dec ’26NOK 94.60
NOK 96.40
+1.91%
14.45%NOK 111.30NOK 77.79n/a3
Nov ’26NOK 77.80
NOK 87.76
+12.80%
11.65%NOK 100.14NOK 75.10n/a3
Oct ’26NOK 82.00
NOK 88.12
+7.46%
11.38%NOK 100.15NOK 75.60n/a3
Sep ’26NOK 74.50
NOK 81.53
+9.43%
7.31%NOK 89.92NOK 76.72n/a3
Aug ’26NOK 70.20
NOK 78.88
+12.36%
14.87%NOK 89.07NOK 60.08n/a4
Jul ’26NOK 57.80
NOK 78.90
+36.51%
14.38%NOK 88.85NOK 60.81n/a4
Jun ’26NOK 60.80
NOK 79.01
+29.96%
14.38%NOK 88.98NOK 60.90n/a4
May ’26NOK 54.50
NOK 80.53
+47.76%
15.00%NOK 92.07NOK 63.01n/a4
Apr ’26NOK 57.20
NOK 81.17
+41.91%
15.39%NOK 93.03NOK 62.87n/a4
Mar ’26NOK 61.90
NOK 86.30
+39.43%
28.18%NOK 115.73NOK 51.10n/a4
Feb ’26NOK 53.60
NOK 100.10
+86.75%
31.78%NOK 120.12NOK 45.04n/a4
Jan ’26NOK 54.90
NOK 104.41
+90.18%
22.48%NOK 119.87NOK 63.93NOK 91.904
Dec ’25NOK 68.80
NOK 104.41
+51.76%
22.48%NOK 119.87NOK 63.93NOK 94.604
Nov ’25NOK 72.30
NOK 103.89
+43.69%
22.18%NOK 121.06NOK 64.97NOK 77.804
Oct ’25NOK 90.80
NOK 103.76
+14.28%
20.89%NOK 120.10NOK 67.26NOK 82.004
Sep ’25NOK 80.00
NOK 102.22
+27.77%
19.77%NOK 119.88NOK 66.29NOK 74.506
Aug ’25NOK 85.80
NOK 110.70
+29.02%
14.63%NOK 130.24NOK 85.72NOK 70.206
Jul ’25NOK 96.10
NOK 110.15
+14.62%
14.11%NOK 129.71NOK 83.93NOK 57.806
Jun ’25NOK 99.70
NOK 101.41
+1.72%
18.33%NOK 130.28NOK 79.68NOK 60.805
May ’25NOK 90.20
NOK 97.36
+7.94%
10.97%NOK 116.15NOK 84.28NOK 54.505
Apr ’25NOK 79.80
NOK 83.64
+4.81%
17.18%NOK 99.86NOK 60.44NOK 57.204
Mar ’25NOK 86.00
NOK 84.32
-1.95%
16.92%NOK 100.02NOK 61.09NOK 61.904
Feb ’25NOK 69.80
NOK 80.45
+15.25%
14.49%NOK 90.68NOK 60.86NOK 53.604
Jan ’25NOK 68.00
NOK 71.99
+5.86%
12.36%NOK 83.46NOK 58.80NOK 54.904
NOK 97.1
Fair Value
8.3% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/15 01:14
End of Day Share Price 2026/01/15 00:00
Earnings2025/09/30
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 7 analysts. 4 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 Carnegie
Kyrre FlesjaDNB Carnegie