HSHP
Himalaya Shipping Ltd. Industrials Deep Sea Foreign Transportation of Freight Russell 3000
$16.24Close
$757.6MMarket cap
$6.83 – $19.0052-week range
Nov 5, 2026Next report
Highlights
Strengths
- Leading the market RS 92 · stronger than 92% of stocks over 12 months
- Earnings growing EPS +2111% year on year, faster than the quarter before (+2196 pts)
Cautions
- Trend not confirmed 7 of 8 conditions · under the 50-day
- Results soon Nov 5, 2026, in 4 days
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
15%
1wk
down 3.8%
price change
1mo
down 4.9%
price change
12-month return
up 129%
market up 11% ·
its own up 118%
F-score
5 / 9
Mixed
Altman Z″
0.94
Elevated risk
P/E
42.8×
price / earnings
PEG
—
P/E / EPS growth
P/B
4.7×
price / book
Earnings yield
up 4.9%
EBIT / enterprise value
Cheaper than
61%
of the market · cheap
Revenue growth
up 7%
year on year
EPS growth
up 2111%
latest quarter · +2196 pts
Sales growth
up 80%
latest quarter · +84 pts
ROE
up 11%
return on equity
Free cash margin
up 39%
$51.7M FCF
D/E
4.12
long-term debt / equity
Net debt / EBITDA
6.5×
Interest cover
—EBIT / interest
Piotroski tests
- profitability slipped from last year
- issued more shares
- gross margin narrowed
- assets working less efficiently
- profitable on its assets
- generating cash from operations
- profits backed by cash
- reduced long-term debt
- short-term liquidity improved
Trade setup
ATR%
3.7%
$0.61 a day · 2×ATR $15.03
RS
92 / 99
vs the universe
Trend
7 / 8
under the 50-day
Relative volume
1.0×
vs 50-day average
Up/down volume
1.15
50 sessions
Implied move
—
no option chain · report Nov 5, 2026
Trend template · 7 of 8
- Price above the 50-day average: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Heavily indebted Net debt is 6.5 times EBITDA — roughly 7 years of earnings before interest, tax and depreciation to repay borrowings in full.
- Shareholders diluted The share count rose 6.3% over the year, from 44m to 47m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
- Gross margin narrowing Gross margin fell from 80.7% to 78.8%. The company is keeping less of each dollar of sales than it did a year ago.
Financials
- Gross 79%
- Net 13%
- Free cash 39%
- Cash
- Long-term debt
| FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|
| Revenue | $0 | $36.7M | $123.6M | $131.9M |
| Gross margin | — | 77% | 81% | 79% |
| Operating income | -$2.0M | $14.6M | $66.7M | $68.2M |
| Net income | -$2.0M | $1.5M | $21.1M | $17.7M |
| Net margin | — | 4% | 17% | 13% |
| Earnings per share | -$0.06 | $0.04 | $0.48 | $0.38 |
| Free cash flow | -$1.4M | $6.4M | $55.9M | $51.7M |
| Free cash margin | — | 17% | 45% | 39% |
| Cash | $263,000 | $25.6M | $19.4M | $32.4M |
| Long-term debt | $60.4M | $419.7M | $689.6M | $665.6M |
| Shareholders' equity | $90.4M | $154.2M | $154.7M | $161.7M |
| Shares outstanding | 32.15m | 43.90m | 43.90m | 46.65m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 11, 2026 | Interim ↗ | Jun 30, 2026 | 42d |
| Mar 12, 2026 | Annual ↗ | Dec 31, 2025 | 71d |
| Aug 8, 2025 | Interim ↗ | Jun 30, 2025 | 39d |
| Mar 26, 2025 | Annual ↗ | Dec 31, 2024 | 85d |
| Aug 16, 2024 | Interim ↗ | Jun 30, 2024 | 47d |
| Mar 27, 2024 | Annual ↗ | Dec 31, 2023 | 87d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 7, 2026 | Foreign issuer report ↗ |
| Sep 16, 2026 | Foreign issuer report ↗ |
| Sep 8, 2026 | Foreign issuer report ↗ |
| Sep 8, 2026 | Foreign issuer report ↗ |
| Aug 27, 2026 | Foreign issuer report ↗ |
| Aug 18, 2026 | Foreign issuer report ↗ |
| Aug 11, 2026 | Foreign issuer report ↗ |
| Aug 11, 2026 | Foreign issuer report ↗ |
| Aug 11, 2026 | Foreign issuer report ↗ |
| Aug 11, 2026 | Foreign issuer report ↗ |
| Aug 6, 2026 | Foreign issuer report ↗ |
| Aug 3, 2026 | Foreign issuer report ↗ |