HSHP
IndustrialsHimalaya Shipping Ltd. · Marine Shipping · $670M
What is Himalaya Shipping Ltd.?
Himalaya Shipping Ltd. is a small-cap dry bulk shipping company incorporated in 2021 and headquartered in Hamilton, Bermuda. It operates a fleet focused on transporting dry bulk commodities across global trade routes.
Himalaya Shipping generates revenue by chartering its dry bulk vessels to customers who need to move commodities such as grain, coal, and iron ore by sea. The company earns income through time charters and spot market voyages, with fleet utilization and prevailing freight rates being the primary drivers of financial performance.
Himalaya Shipping was founded in 2023 and is based in Hamilton, Bermuda.
- Dry bulk vessel chartering
- Time charter agreements
- Spot market voyage contracts
- Global dry bulk cargo transportation
Is HSHP a Good Stock to Buy?
UQS Score rates HSHP as Below Average overall, reflecting a mixed picture across its five quality pillars.
The Quality and Growth pillars both register as Good, suggesting the business has demonstrated reasonable operational performance and expansion characteristics relative to its size. Valuation is rated Attractive, meaning the stock does not appear expensive relative to fundamentals.
The Moat and Risk pillars are both rated Weak — the company lacks durable competitive advantages, and its risk profile warrants careful attention from investors.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does HSHP pay dividends?
Yes — Himalaya Shipping Ltd. pays a dividend.
Himalaya Shipping pays a regular dividend, which is relatively uncommon for a young small-cap shipping company. This reflects a shareholder-return orientation typical of vessel-owning firms that distribute cash flows tied to charter income. Dividend sustainability depends heavily on freight market conditions and fleet utilization rates.
When does HSHP report earnings?
Himalaya Shipping reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
As a dry bulk shipping operator, HSHP's results are closely tied to global freight rate cycles and fleet deployment. Revenue and profitability can vary meaningfully quarter to quarter depending on charter market conditions.
For the most recent quarter's results, visit Himalaya Shipping's investor relations page directly.
HSHP Price History
+175.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Himalaya Shipping Ltd.?
Based on Himalaya Shipping Ltd.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
HSHP Long-term Outlook
The Good Growth pillar suggests Himalaya Shipping has near-term expansion potential, likely driven by fleet growth and favorable dry bulk demand. However, the Weak Risk pillar signals meaningful volatility ahead — shipping markets are cyclical, and a young fleet with limited scale faces outsized exposure to rate downturns. The Attractive Valuation label indicates the market may already be pricing in some of these risks.
Growth drivers
- Fleet expansion in a growing dry bulk demand environment
- Favorable long-term commodity trade volumes supporting vessel utilization
- Potential for higher charter rates during supply-constrained freight cycles
Key risks
- High cyclicality of dry bulk freight rates
- Weak competitive moat in a commoditized shipping market
- Limited operating history increases uncertainty around execution
HSHP vs Peers
Himalaya Shipping competes in the dry bulk and broader maritime shipping sector alongside several established operators.
Safe Bulkers is a more established dry bulk operator with a longer track record and a diversified fleet of Panamax and Kamsarmax vessels.
Ardmore focuses on product and chemical tankers rather than dry bulk, offering a different commodity exposure profile within the shipping sector.
Pangaea differentiates through integrated logistics services and Arctic shipping capabilities, adding operational complexity beyond standard dry bulk chartering.
Frequently Asked Questions
What does Himalaya Shipping do?
Himalaya Shipping provides dry bulk shipping services, chartering its vessels to customers who need to transport commodities like grain, coal, and iron ore across global sea routes. The company earns revenue through time charters and spot market voyages.
Does HSHP pay dividends?
Yes, Himalaya Shipping pays a regular dividend. This is notable for a young small-cap shipping company and reflects a policy of distributing charter-derived cash flows to shareholders. Dividend levels can fluctuate with freight market conditions.
When does HSHP report earnings?
Himalaya Shipping follows a standard quarterly earnings reporting cadence. For exact dates and the most recent financial results, check the company's official investor relations page.
Is HSHP a good stock to buy?
HSHP carries a Below Average UQS Score overall. While its Quality, Growth, and Valuation pillars show relative strengths, the Weak Moat and Risk ratings highlight meaningful concerns. Investors should weigh the full pillar breakdown before making a decision.
Is HSHP overvalued?
The UQS Valuation pillar for HSHP is rated Attractive, suggesting the stock does not appear expensive relative to its fundamentals. However, valuation alone does not determine investment suitability — risk and moat factors matter equally.
How does HSHP compare to its competitors?
Compared to peers like Safe Bulkers, Ardmore Shipping, and Pangaea Logistics, Himalaya Shipping is younger and smaller. Established competitors often carry longer operating histories and more diversified fleets, which can provide greater resilience through freight market cycles.
What is HSHP's market cap bracket?
Himalaya Shipping is classified as a small-cap company. This means it carries higher volatility potential and less analyst coverage than larger shipping peers, which can create both opportunity and risk for investors.
Who founded Himalaya Shipping?
Himalaya Shipping was incorporated in 2021 and formally established in 2023, headquartered in Hamilton, Bermuda. Detailed founding information is publicly available through the company's official disclosures and investor relations materials.
Is HSHP a long-term quality investment?
As a long-term quality indicator, HSHP's Below Average UQS Score reflects mixed fundamentals. The Good Quality and Growth pillars offer some encouragement, but the Weak Moat and Risk ratings suggest durability of returns over a long horizon remains uncertain.
What is the main competitive advantage of Himalaya Shipping?
Himalaya Shipping's Moat pillar is rated Weak, indicating limited durable competitive advantages. In the dry bulk shipping industry, differentiation is difficult — most operators compete primarily on fleet size, vessel age, and charter pricing rather than proprietary advantages.
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Pro Analysis
HSHP — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 58.7 | 79.7 | 15.0 | 53.4 | 63.8 | 98.2 | +16.0 |
| May 10, 2026 | 42.7 | 33.3 | 15.0 | 53.4 | 37.4 | 95.7 | -0.2 |
| May 8, 2026 | 42.9 | 33.3 | 15.0 | 53.4 | 37.4 | 97.1 | -3.9 |
| May 7, 2026 | 46.8 | 70.3 | 15.0 | 53.4 | 5.9 | 92.6 | 0.0 |
| May 6, 2026 | 46.8 | 70.3 | 15.0 | 53.4 | 5.9 | 93.0 | +0.3 |
| May 3, 2026 | 46.5 | 70.3 | 15.0 | 53.4 | 5.9 | 90.9 | -0.2 |
| Apr 26, 2026 | 46.7 | 70.3 | 15.0 | 53.4 | 5.9 | 91.9 | +0.3 |
| Apr 23, 2026 | 46.4 | 70.3 | 15.0 | 53.4 | 5.9 | 90.0 | +0.4 |
| Apr 22, 2026 | 46.0 | 70.3 | 15.0 | 53.4 | 5.9 | 87.6 | -2.7 |
| Apr 19, 2026 | 48.7 | 70.3 | 15.0 | 66.7 | 5.9 | 87.6 | -0.2 |
HSHP — Pillar Breakdown
Quality
— 79.7/100 (25%)Himalaya Shipping Ltd. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 53.4/100 (20%)Himalaya Shipping Ltd. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 63.8/100 (15%)Himalaya Shipping Ltd. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 98.3/100 (15%)Himalaya Shipping Ltd. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 15/100 (25%)Himalaya Shipping Ltd. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for HSHP.
Score Composition
Financial Data
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How is the HSHP UQS Score Calculated?
The UQS (Unified Quality Score) for Himalaya Shipping Ltd. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Himalaya Shipping Ltd.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Himalaya Shipping Ltd. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.