HIMALAYA SHIPPING LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 94.8 NOK | +0.85% |
|
+5.45% | +39.41% |
| May. 08 | Himalaya Shipping Ltd. Approves Cash Distribution for April 2024, Payable on or About June 6, 2024 | CI |
| Apr. 22 | Himalaya Shipping Delivers Mount Denali Vessel to Unnamed Commodity Trader | MT |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 163.8 | 293.7 | 384.4 | - | - |
| Enterprise Value (EV) 1 | 231 | 707.6 | 1,057 | 1,003 | 954.4 |
| P/E ratio | -84.9 x | 167 x | 7.64 x | 5.96 x | 5.42 x |
| Yield | - | - | 8.34% | 12.1% | 13.1% |
| Capitalization / Revenue | - | 7.99 x | 3.11 x | 2.5 x | 2.42 x |
| EV / Revenue | - | 19.3 x | 8.57 x | 6.51 x | 6 x |
| EV / EBITDA | -115 x | 29.8 x | 10.6 x | 8.28 x | 7.56 x |
| EV / FCF | -2.9 x | -1.74 x | -4.39 x | 11.4 x | 10.8 x |
| FCF Yield | -34.5% | -57.5% | -22.8% | 8.74% | 9.27% |
| Price to Book | 1.81 x | 1.9 x | 2.1 x | 1.86 x | 1.61 x |
| Nbr of stocks (in thousands) | 32,153 | 43,900 | 43,900 | - | - |
| Reference price 2 | 5.093 | 6.689 | 8.757 | 8.757 | 8.757 |
| Announcement Date | 1/30/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net sales 1 | - | 36.74 | 123.4 | 154 | 159.1 |
| EBITDA 1 | -2 | 23.74 | 99.55 | 121.1 | 126.2 |
| EBIT 1 | -2 | 14.63 | 69.16 | 91.4 | 96.75 |
| Operating Margin | - | 39.81% | 56.03% | 59.36% | 60.81% |
| Earnings before Tax (EBT) 1 | -2 | 1.514 | 45.48 | 63.49 | 69.49 |
| Net income 1 | -2 | 1.514 | 50.22 | 63.47 | 69.56 |
| Net margin | - | 4.12% | 40.68% | 41.22% | 43.72% |
| EPS 2 | -0.0600 | 0.0400 | 1.146 | 1.470 | 1.615 |
| Free Cash Flow 1 | -79.7 | -406.6 | -240.7 | 87.67 | 88.5 |
| FCF margin | - | -1,106.76% | -194.96% | 56.93% | 55.62% |
| FCF Conversion (EBITDA) | - | - | - | 72.41% | 70.13% |
| FCF Conversion (Net income) | - | - | - | 138.12% | 127.22% |
| Dividend per Share 2 | - | - | 0.7300 | 1.056 | 1.144 |
| Announcement Date | 1/30/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q4 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | 6.7 | 8.2 | 10.24 | 18.32 | 23.18 | 28.99 | 36.8 | 40.73 | 22 |
| EBITDA 1 | - | - | -0.06 | - | 3.5 | 4.2 | 6.148 | 13.42 | 15.86 | 21.97 | 30.65 | 34.61 | 19.5 |
| EBIT 1 | - | -0.5 | -0.6 | - | 1.5 | 1.8 | 2.967 | 9.844 | 11.81 | 16.42 | 22.72 | 27.91 | 15.5 |
| Operating Margin | - | - | - | - | 22.39% | 21.95% | 28.97% | 53.73% | 50.96% | 56.66% | 61.72% | 68.53% | 70.45% |
| Earnings before Tax (EBT) 1 | - | -0.5 | -0.6 | - | -1.1 | -1.1 | -1.954 | 4.606 | 4 | 8.923 | 13.51 | 18.74 | 7 |
| Net income 1 | -0.5 | -0.5 | -0.6 | - | -1.1 | -1.1 | -1.954 | 4.606 | 4 | 8.923 | 13.51 | 18.74 | 7 |
| Net margin | - | - | - | - | -16.42% | -13.41% | -19.08% | 25.14% | 17.26% | 30.78% | 36.72% | 46.01% | 31.82% |
| EPS 2 | -0.0200 | -0.0200 | -0.0200 | - | -0.0300 | -0.0300 | -0.0500 | 0.1100 | 0.0978 | 0.1773 | 0.2782 | 0.4005 | 0.2900 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | 0.0450 | 0.0900 | 0.2597 | 0.3359 | 0.0750 |
| Announcement Date | 2/28/22 | 8/10/22 | 8/10/22 | 1/30/23 | 8/8/23 | 8/8/23 | 11/15/23 | 2/15/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net Debt 1 | 67.2 | 414 | 673 | 618 | 570 |
| Net Cash position 1 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -33.6 x | 17.43 x | 6.76 x | 5.107 x | 4.517 x |
| Free Cash Flow 1 | -79.7 | -407 | -241 | 87.7 | 88.5 |
| ROE (net income / shareholders' equity) | -2.2% | 1.24% | 27.3% | 32.4% | 33.5% |
| ROA (Net income/ Total Assets) | -1.47% | 0.39% | 5.98% | 5.82% | 8.04% |
| Assets 1 | 136.5 | 388.5 | 839.9 | 1,092 | 865.1 |
| Book Value Per Share 2 | 2.810 | 3.510 | 4.170 | 4.710 | 5.450 |
| Cash Flow per Share | - | - | - | - | - |
| Capex 1 | 78.3 | 413 | 322 | 3 | 3 |
| Capex / Sales | - | 1,124.39% | 261.12% | 1.95% | 1.89% |
| Announcement Date | 1/30/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
8.757
USD
Average target price
8.943
USD
Spread / Average Target
+2.13%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +39.41% | 380M | |
| +21.19% | 31.54B | |
| +57.45% | 28.36B | |
| +7.28% | 13.69B | |
| +11.98% | 11.55B | |
| +25.87% | 10.94B | |
| +61.05% | 10.3B | |
| +13.06% | 10.15B | |
| -5.21% | 9.23B | |
| +2.09% | 7.9B |
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- Financials Himalaya Shipping Ltd.