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Employees: 3
Size Himalaya Shipping (HSHP.OL) is a Norway Industrials company (Marine Shipping) with a market value of $729M, the 72nd largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 143.20 on 6 Nov 2026.
Performance Over six months the shares fell 1.9%, against -2.9% for the median peer and +2.7% for the Norway market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 36.0% over the last twelve months (peer median +22.3%); the operating margin is 60.9% (peer median 18.5%).
Valuation It trades at 7.5× forward earnings against a peer median of 9.8× (5th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +36%, so the hurdle is -39 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.7 points above its cost of capital (6.2% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 1.66B | NOK 1.33B | NOK 1.41B | NOK 374M | NOK 0 |
| Revenue growth | — | -5% | +276% | — | — |
| Gross profit | NOK 1.07B | NOK 737M | NOK 816M | NOK 194M | NOK 0 |
| EBITDA | NOK 1.30B | NOK 983M | NOK 1.06B | NOK 242M | -NOK 19.6M |
| Net income | NOK 521M | NOK 179M | NOK 240M | NOK 15.4M | -NOK 19.6M |
| Free cash flow | NOK 863M | NOK 522M | -NOK 2.93B | -NOK 4.11B | -NOK 782M |
| Capital expenditure | NOK 0 | NOK 0 | NOK 3.56B | NOK 4.21B | NOK 768M |
| Total debt | NOK 6.72B | NOK 6.95B | NOK 8.13B | NOK 4.48B | NOK 698M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HSHP.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.1% | -6.3% | 2nd lowest of 21 |
| 6-month return | -1.9% | -2.9% | 10th highest of 20 |
| Distance from 52-week high | -22.1% | -19.6% | 9th lowest of 21 |
| Revenue growth (TTM) | +36.0% | +22.3% | 6th highest of 20 |
| Operating margin | 60.9% | 18.5% | 2nd highest of 20 |
| Forward P/E | 7.5× | 9.8× | 5th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -3.3% | -1.2% | 6th least demanding of 11 |
| Growth delivered (Del g) | +36.0% | +4.5% | highest of 11 |
| Hurdle (Req g minus delivered) | -39.3 pp | -7.8 pp | least demanding of 11 |
| ROIC minus cost of capital | +3.7 pp | +1.7 pp | 8th highest of 19 |
| EV / EBITDA | 10.1× | 6.9× | 2nd most expensive of 17 |
| Net debt / EBITDA | 4.9× | 1.5× | most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Himalaya Shipping HSHP.OL | Norway | $729M | -2% | +36% | 61% | 7.5× | -3.3% | +36.0% |
| Klaveness Combination Carriers KCC.OL | Norway | $661M | 0% | +21% | 26% | 5.8× | n/a | n/a |
| Safe Bulkers SB | United States | $809M | +1% | +11% | 33% | 9.4× | 3.6% | +6.8% |
| Algoma Central ALC.TO | Canada | $846M | +30% | +18% | 34% | 13.6× | n/a | n/a |
| Gujarat Pipavav Port GPPL.NS | India | $851M | +4% | +25% | 52% | 14.7× | 16.2% | +9.6% |
| Solstad Offshore SOFF.OL | Norway | $606M | +4% | +21% | 31% | 6.8× | 3.4% | -9.1% |
| Xingtong Shipping 603209.SS | China | $603M | -5% | +28% | 25% | 11.4× | n/a | n/a |
| Evergreen International Storage & Transport 2607.TW | Taiwan | $897M | +18% | -15% | 11% | n/a | n/a | n/a |
| Dong Fang Offshore 7786.TW | Taiwan | $583M | -19% | +52% | 19% | 11.4× | n/a | n/a |
| Rederiaktiebolaget Gotland GOTL-A.ST | Sweden | $582M | -16% | +42% | 1% | 66.5× | n/a | n/a |
| Ningbo Marine 600798.SS | China | $575M | -12% | +39% | 3% | n/a | -7.5% | +3.5% |
| Odfjell ODF.OL | Norway | $960M | +3% | -10% | 18% | 6.9× | -12.7% | +5.6% |
| Sincere Navigation 2605.TW | Taiwan | $548M | -11% | +22% | 31% | 8.9× | -18.5% | +2.3% |
| Cj Logistics 000120.KS | South Korea | $1.01B | -32% | +5% | 4% | 7.8× | -4.0% | +2.6% |
| Phoenix Shipping (Wuhan) 000520.SZ | China | $527M | -12% | +78% | 5% | n/a | n/a | n/a |
| Iino Kaiun Kaisha,Ltd 9119.T | Japan | $1.04B | -6% | +1% | 11% | 11.6× | n/a | n/a |
| Pangaea Logistics Solutions PANL | United States | $496M | -3% | +22% | 9% | 7.4× | 1.6% | +10.5% |
| d'Amico International Shipping DIS.MI | Italy | $1.09B | -3% | -15% | 36% | 8.0× | -7.3% | +2.3% |
| 2020 Bulkers 2020.OL | Norway | $1.10B | +20% | +256% | 92% | 170.2× | 9.2% | +7.3% |
| Genco Shipping & Trading GNK | United States | $1.13B | 0% | +26% | 17% | 10.2× | n/a | n/a |
| Volare Shipping VLCC.OL | Norway | $1.17B | n/a | n/a | n/a | n/a | n/a | n/a |