Sector Alpha Week of 2026-08-05
Sector Alpha — machine-written from the numbers · Data as of 2026-08-05

Himalaya Shipping Ltd.

HSHP
Industrials · Marine Shipping

Himalaya Shipping Ltd.'s three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

The sharpest disagreement: the price moved +130.4% in a year while annual EPS moved −20.8% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is between stages while the P/E sits at the 39th percentile of its own 1-year range. Underneath, the last four quarters read improving, and 275% of the last 2 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.

Price
$15.6
+130.4% 1Y
P/E
25.6×
39th pctile
of its own 1-year range
Revenue (Mar 26)
$0.0 B
+50.0% YoY
Profit (Mar 26)
$0.0 B
Operating margin
66.7%
+16.7 pp YoY
ROE
18%
FY25
ROIC
5.8%
vs WACC 7.8% → −2.0 pp
Cash conversion
275%
of profit, last 2 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Himalaya Shipping Ltd. trades at $15.6, between stages. That is +28.9% against its own 200-day average. It sits at 93% of a 52-week range of $7 to $16. On relative strength it is currently behind the S&P 500 on a trailing-13-week view (1 week and counting).

Today the stock is between stages. At $15.6 it trades +28.9% versus its 200-day average and sits at 93% of its 52-week range ($7–$16).

Aug 26: $15.6 Weekly closing price ($) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 1-year window.
+28.9% versus the 200-day line, week — of stage —
Price50-day avg200-day avg
$17.0$14.3$11.5$8.8$6.0$$16$12Jul 25Oct 25Jan 26May 26Aug 26
$17.0$14.3$11.5$8.8$6.0$$16$12Jul 25Jan 26Aug 26
Beating or trailing, week by week since 2025 Each cell is one week from 2025 to now (57 weeks): the stock's trailing 13-week return minus the S&P 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the S&P 500 reading is not held.
trailing 13-week return vs the S&P 500
Jul 25Aug 26

Against the market, two honest reads. Cumulative: over the last 1.1 years the stock moved +130% while the S&P 500 moved +24% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-07-31) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of $1 of annual profit: how many dollars the market pays for each dollar the company earns in a year.

Himalaya Shipping Ltd. trades at 25.6× P/E, mid-range by its own standards (39th percentile). Its long-run median P/E is 33.0×, measured across 1.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 25.6× is mid-range by its own standards (39th percentile), against a long-run median of 33.0× measured over 1.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 25.6× vs a 33.0× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly step line (right axis). 1.1-year window; loss-period spikes above 82× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
mid-range by its own standards (39th percentile)
P/EMedianEPS (TTM) (quarterly)
87.3×$0.769.5×$0.551.8×$0.334.0×$0.216.2×$0.0×$24.79×$1Jul 25Oct 25Jan 26May 26Aug 26
87.3×$0.769.5×$0.551.8×$0.334.0×$0.216.2×$0.0×$24.79×$1Jul 25Jan 26Aug 26
P/E
25.6×
39th percentile of 1y
PEG
0.46
derived from 3-year earnings growth

🚨 Why the multiple sits where it does: over the past year annual EPS moved −20.8% against a +130.4% price move — the price outran earnings, pushing the multiple UP its own range.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Himalaya Shipping Ltd. reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 6 quarters across 1 curve, on partial evidence.

Growth, year by year: revenue +8.3% in FY25, profit +0.0% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
215%326%160%233%104%140%49%47%−7.0%−46%%%8.3%0%FY23FY24FY25
215%326%160%233%104%140%49%47%−7.0%−46%%%8.3%0%FY23FY24FY25
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
54%220%40%148%25%75%11%0.0%−4.0%−70%%%50%200%125%Mar 24Mar 25Mar 26
54%220%40%148%25%75%11%0.0%−4.0%−70%%%50%200%125%Mar 24Mar 25Mar 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
9.9%8.8%7.8%6.8%5.7%%9.6%Mar 24Sep 24Mar 25Sep 25Mar 26
9.9%8.8%7.8%6.8%5.7%%9.6%Mar 24Mar 25Mar 26
ROCE
Rising
latest 9.6% · span 6.0%–9.6%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; stock price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+8.3%
Profit+0.0%
EPS−20.8%
Stock price+130.4%
Revenue YoY (Mar 26)
+50.0%
latest quarter vs a year ago
Revenue 10y
80.3%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

58.4/100 — rank 6 of 23 in Marine Shipping · 58% evidence confidence

Himalaya Shipping Ltd. scores 58.4 out of 100 against the 23 companies it is compared with in Marine Shipping, ranking 6. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 21.7 + 11.8 + 9.1 + 15.8 = 58.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Himalaya Shipping Ltd. reported $0.0 B of revenue in the Mar 26 quarter, +50.0% year on year. That is the 2nd straight quarter of year-on-year growth. Over 2 years it has compounded at 80.3% a year. The last full year, FY25, came in at $0.1 B. The last four reported quarters add to $0.1 B.

FY25 revenue came in at $0.1 B (+8.3% on the year), capping 2 years at 80.3% compound. The latest quarter (Mar 26) printed $0.0 B, +50.0% year on year — the 2nd consecutive quarter of year-over-year growth.

FY25 revenue $0.1 B (+8.3% YoY) Revenue bars, $ B (left); YoY growth-% line (right). 3-year window. A bar is red when it is lower than the year before.
80.3% a year over 2 years
RevenueYoY growth
0.14215%0.11160%0.07104%0.0449%0.00−7.0%$ B%$0B8.3%FY23FY24FY25
0.14215%0.11160%0.07104%0.0449%0.00−7.0%$ B%$0B8.3%FY23FY24FY25
Mar 26: $0.0 B (+50.0% YoY) Quarterly revenue bars, $ B (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
2nd straight quarter of growth
Revenue (quarterly)YoY growth
0.0454%0.0340%0.0225%0.0111%0.00−4.0%$ B%$0B50%Mar 24Mar 25Mar 26
0.0454%0.0340%0.0225%0.0111%0.00−4.0%$ B%$0B50%Mar 24Mar 25Mar 26

Pace check: the last four quarters averaged +20.8% growth against the decade's 80.3% — the current year is running slower than its own long-run rate.

06 · Operating margin

Operating margin Operating margin is what is left of every $100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Himalaya Shipping Ltd.'s operating margin is 66.7% in the Mar 26 quarter, +16.7 percentage points against the same quarter a year ago. Across 3 fiscal years the operating margin has ranged 25.0% to 58.3%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 66.7%, +16.7 pp against the same quarter a year ago. Across 3 fiscal years the operating margin has ranged 25.0%–58.3%.

Why the margin moved: operating margin went +16.7 pp year on year while gross margin went +50.0 pp — the gain came mostly from the gross line: input costs and pricing.

FY25: 53.8% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 3-year window.
within a 25.0–58.3% band over 3 years
operating marginYoY change (pp)
61%36%51%25%42%14%32%3.4%22%−7.5%%%53.8%−4.5%FY23FY24FY25
61%36%51%25%42%14%32%3.4%22%−7.5%%%53.8%−4.5%FY23FY24FY25
Mar 26: 66.7% operating margin (+16.7 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
78%48%66%26%54%4.1%42%−18%30%−39%%%66.7%16.7%Mar 24Mar 25Mar 26
78%48%66%26%54%4.1%42%−18%30%−39%%%66.7%16.7%Mar 24Mar 25Mar 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Himalaya Shipping Ltd. earned $0.0 B of net profit in the Mar 26 quarter. Full-year FY25 profit was $0.0 B. That is 33.3% of the quarter's revenue. The same quarter a year earlier lost $0.01 B. 1 of the last 9 reported quarters were loss-making.

Mar 26 profit was $0.0 B, null year on year. On the full year, FY25 printed $0.0 B (+0.0%).

FY25 profit $0.0 B (+0.0% YoY) Net profit bars, $ B (left); YoY growth-% line (right). 3-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
0.0221.2%0.0160.6%0.0110.0%0.005−0.6%0.000−1.2%$ B%$0B0%FY23FY24FY25
0.0221.2%0.0160.6%0.0110.0%0.005−0.6%0.000−1.2%$ B%$0B0%FY23FY24FY25
Mar 26: $0.0 B (null YoY) Quarterly net profit bars, $ B (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
0.0128.0%0.006−21%0.000−50%−0.006−79%−0.012−108%$ B%$0B0%Mar 24Mar 25Mar 26
0.0128.0%0.006−21%0.000−50%−0.006−79%−0.012−108%$ B%$0B0%Mar 24Mar 25Mar 26
08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 2 fiscal years 275% of Himalaya Shipping Ltd.'s reported profit arrived as operating cash — the cash follows the profit. In FY25 that was $0.1 B of operating cash against $0.0 B of profit. After null of capital spending, $0.1 B was left as free cash.

FY25: operating cash of $0.1 B against reported profit of $0.0 B, leaving free cash of $0.1 B after null of capital spending. Across the last 2 fiscal years the conversion rate is 275% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY25: CFO $0.1 B vs profit $0.0 B Operating cash flow and net profit by fiscal year, $ B; the line is free cash flow (CFO minus capital spending). 3-year window, annual resolution. FY23/FY24 reflects an acquisition year — point shown clipped.
275% of 2-year profit arrived as cash
Operating cashNet profitFree cash
0.060.050.030.020.00$ B$0B$0B$0BFY23FY24FY25
0.060.050.030.020.00$ B$0B$0B$0BFY23FY24FY25
Mar 26: operating cash $0.0 B = 100% of the quarter's profit Operating cash per quarter, $ B (bars); conversion = operating cash as % of net profit (line, right). Last 9 quarters. Dashed line = 100%.
Operating cash (quarterly)Conversion100%
0.022208%0.016179%0.011150%0.005121%0.00092%$ B%$0B100%Mar 24Mar 25Mar 26
0.022208%0.016179%0.011150%0.005121%0.00092%$ B%$0B100%Mar 24Mar 25Mar 26

Why: conversion is measured cleanly, but the working-capital day-counts behind it sit below what we hold — the move is shown without inventing its driver.

Router verdict: the visible cash user is investment — the next section checks what the spending is buying.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Himalaya Shipping Ltd. does not report the debtor, inventory and payable day-counts a cash cycle is built from, so this section reads the investment side instead. Capital spending ran $1.0 B over the last 2 years. Averaged over those years that is 384.6% of FY25 revenue a year.

Working-capital day-counts are not in our numbers for this stock, so this section reads the investment side — where the cash is being put to work.

On the investment side: capital spending of $1.0 B over the last 2 fiscal years.

FY24: capex $0.3 B Capital spending per fiscal year, $ B (bars).
steady investment
Capex
0.40.30.20.10.0$ B$0BFY23FY24
0.40.30.20.10.0$ B$0BFY23FY24
Sep 24: capex $0.0 B in the quarter Capital spending per quarter, $ B (bars, left); free cash flow, $ B (line, right). Last 3 quarters.
Capex (quarterly)Free cash
0.170.030.13−0.010.09−0.060.04−0.110.00−0.15$ B$ B$0B$0BMar 24Jun 24Sep 24
0.170.030.13−0.010.09−0.060.04−0.110.00−0.15$ B$ B$0B$0BMar 24Jun 24Sep 24

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

10 · Return on equity

Return on equity Return on equity (ROE) is the profit the business earns on its shareholders’ money. With the full capital-employed split not in our numbers, ROE is the cleanest long ladder we can draw here.

Himalaya Shipping Ltd. earns a ROE of 13% in FY25. Return on invested capital clears the cost of that capital by −2.0 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 15.4% net margin on 0.15× asset turns.

FY25 ROE is 13%.

🚨 Why the return is what it is — the wiring (FY25): 15.4% net margin × 0.15× asset turns × 5.38× balance-sheet leverage ≈ 12.4% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 5.8% − 7.8% = a −2.0 pp spread. The 7.8% is an estimate of this company's own cost of capital — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

FY25: ROE 13% Return on equity by fiscal year, % (line); ROIC by fiscal year, % (line). 2-year window, dips included. Dashed line = the 7.8% cost of capital used on this page.
the full ladder
ROEROIC (annual)WACC
16%14%12%9.4%7.2%%12.5%7.9%FY24FY25
16%14%12%9.4%7.2%%12.5%7.9%FY24FY25
Mar 26: ROIC 10.7% (TTM) vs WACC 7.8% Trailing-twelve-month ROIC and ROE, per quarter, %; dashed line = the cost of capital. Last 4 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROIC (TTM)ROE (TTM)WACC
20%15%9.9%4.7%−0.5%%10.7%19%Jun 25Sep 25Mar 26
20%15%9.9%4.7%−0.5%%10.7%19%Jun 25Sep 25Mar 26
11 · Dividend

Dividend

Himalaya Shipping Ltd. pays no dividend. Across the last 9 reported quarters it has declared no dividend per share, so there is no payout history to chart and no yield to quote. Companies at this stage typically reinvest earnings rather than distribute them, which makes the cash-flow and reinvestment sections the place that cash shows up.

Himalaya Shipping Ltd. does not currently pay a dividend. Across the last 9 reported quarters the company has declared no dividend per share, so there is no payout history to chart and no yield to quote. Companies at this stage typically reinvest earnings instead of distributing them.

12 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Himalaya Shipping Ltd. carries total debt of $0.7 B against shareholder equity of $0.2 B as of Mar 26, a debt-to-equity of 4.25. On the annual view that ratio went from 4.73 in FY24 to 4.31 in FY25. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of $0.7 B against shareholder equity of $0.2 B — a debt-to-equity of 4.25. On the annual view, debt-to-equity went from 4.73 (FY24) to 4.31 (FY25). Read the returns on this page with that leverage in mind.

FY25: debt $0.7 B at 4.31× equity Total debt by fiscal year, $ B (bars); debt-to-equity, × (line). 2-year window.
Total debtDebt-to-equity
0.84.8×0.64.6×0.44.5×0.24.4×0.04.3×$ B×$1B4.31×FY24FY25
0.84.8×0.64.6×0.44.5×0.24.4×0.04.3×$ B×$1B4.31×FY24FY25
Mar 26: debt $0.7 B, debt-to-equity 4.25 Total debt per quarter, $ B (bars); debt-to-equity, × (line). Last 7 quarters.
Total debt (quarterly)Debt-to-equity
0.84.8×0.64.6×0.44.5×0.24.4×0.04.2×$ B×$1B4.25×Sep 24Jun 25Mar 26
0.84.8×0.64.6×0.44.5×0.24.4×0.04.2×$ B×$1B4.25×Sep 24Jun 25Mar 26
13 · Ownership

Ownership There is no quarter-by-quarter holder register to read here, so we read the crowd through short interest — the slice of tradable shares currently sold short, positioned for a fall.

3.6% of Himalaya Shipping Ltd.'s tradable float is currently sold short — some money is positioned against it. At typical trading volumes those positions would take about 3.5 days to buy back. There is no quarter-by-quarter holder register to read for this filer, so the crowd is read through short interest instead.

The latest reading: 3.6% of the float is sold short, and at typical trading volumes it would take about 3.5 days to buy those positions back. Some money is positioned against it. This is a single point-in-time reading — we do not yet hold its history, so we show no trend chart.

Short interest
3.6%
of the tradable float
Days to cover
3.5
at typical volumes

Why it sits there: who is doing the shorting, and why, does not travel with the number — the level is shown without inventing its story.

14 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Himalaya Shipping Ltd.: the Z-score reads 0.88. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits inside the distress zone. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

🚨 Why it matters: a Z-score of 0.88 is inside the distress zone — the balance sheet is a real risk, not a detail.

The safety line in one sentence: the Z-score reads 0.88.

15 · Related companies · Marine Shipping
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Okeanis Eco Tankers Corp.ECO 73.6/100Favorable setup81% evidence TURNING 31.3/35 Revenue 33.1% · PAT 100% · OPM change 29.8 pp 83% evidence 17.6/25 ROCE 8.6% · OPM 57.6% 76% evidence 11.0/20 P/E 8.9× · PEG 0.84 65% evidence 13.7/20 RS sector 11.6% · RS bench 25.6% · 1Y 142.3%3 of 12 weeks ahead 100% evidence
Exact sum: 31.3 + 17.6 + 11 + 13.7 = 73.6 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Safe Bulkers, Inc.SB 64.0/100Thin evidence · provisional58% evidence TURNING 22.1/35 Revenue — · PAT — · OPM change 12.4 pp 45% evidence 13.8/25 ROCE 3.2% · OPM 35.6% 76% evidence 10.2/20 P/E 8.1× · PEG — 15% evidence 17.9/20 RS sector 8.1% · RS bench 22.6% · 1Y 85%3 of 12 weeks ahead 100% evidence
Exact sum: 22.1 + 13.8 + 10.2 + 17.9 = 64 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3Seanergy Maritime Holdings Corp.SHIP 64.0/100Thin evidence · provisional52% evidence ASLEEP 23.1/35 Revenue — · PAT — · OPM change 43.9 pp 45% evidence 12.8/25 ROCE 5.3% · OPM 36.9% 76% evidence 11.1/20 P/E 4.7× · PEG — 15% evidence 17.0/20 RS sector 18.1% · RS bench 32.7% · 1Y 132.3%5 of 12 weeks ahead 70% evidence
Exact sum: 23.1 + 12.8 + 11.1 + 17 = 64 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4Navios Maritime Partners L.P.NMM 59.7/100Mixed-positive evidence81% evidence ASLEEP 20.5/35 Revenue 5.9% · PAT 3.9% · OPM change 13.4 pp 83% evidence 13.1/25 ROCE 2.5% · OPM 38.3% 76% evidence 12.7/20 P/E 5.7× · PEG 0.71 65% evidence 13.4/20 RS sector 2.8% · RS bench 16.6% · 1Y 76.8%3 of 12 weeks ahead 100% evidence
Exact sum: 20.5 + 13.1 + 12.7 + 13.4 = 59.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Danaos CorporationDAC 59.5/100Mixed-positive evidence81% evidence ASLEEP 17.6/35 Revenue 3% · PAT 10.9% · OPM change 1.8 pp 83% evidence 13.8/25 ROCE 2.7% · OPM 49.3% 76% evidence 14.0/20 P/E 4× · PEG 0.24 65% evidence 14.1/20 RS sector 1.2% · RS bench 15.5% · 1Y 46.6%5 of 12 weeks ahead 100% evidence
Exact sum: 17.6 + 13.8 + 14 + 14.1 = 59.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Himalaya Shipping Ltd.this pageHSHP 58.4/100Thin evidence · provisional58% evidence ASLEEP 21.7/35 Revenue 18% · PAT 100% · OPM change 21.7 pp 62% evidence 11.8/25 ROCE 2.1% · OPM 51.2% 76% evidence 9.1/20 P/E 21.1× · PEG — 15% evidence 15.8/20 RS sector 10.3% · RS bench 23.8% · 1Y 117.9%3 of 12 weeks ahead 70% evidence
Exact sum: 21.7 + 11.8 + 9.1 + 15.8 = 58.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7Ardmore Shipping CorporationASC 57.3/100Thin evidence · provisional52% evidence ASLEEP 22.6/35 Revenue — · PAT — · OPM change 19.4 pp 45% evidence 14.1/25 ROCE 7.1% · OPM 29.1% 76% evidence 10.8/20 P/E 5.4× · PEG — 15% evidence 9.8/20 RS sector -2% · RS bench 11.5% · 1Y 65.2%2 of 12 weeks ahead 70% evidence
Exact sum: 22.6 + 14.1 + 10.8 + 9.8 = 57.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8Star Bulk Carriers Corp.SBLK 55.3/100Mixed-positive evidence74% evidence TURNING 15.7/35 Revenue -11.6% · PAT -37.5% · OPM change 22.9 pp 62% evidence 14.1/25 ROCE 6.3% · OPM 25.7% 76% evidence 12.2/20 P/E 18× · PEG 0.24 65% evidence 13.3/20 RS sector -0.1% · RS bench 13.8% · 1Y 49.8%4 of 12 weeks ahead 100% evidence
Exact sum: 15.7 + 14.1 + 12.2 + 13.3 = 55.3 · Decision use: Price leads the evidence: RS versus the benchmark is 13.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
9SFL Corporation Ltd.SFL 53.1/100Mixed-positive evidence68% evidence ASLEEP 18.8/35 Revenue -16.4% · PAT -44.2% · OPM change 26.6 pp 62% evidence 10.4/25 ROCE 1.9% · OPM 32.3% 76% evidence 12.0/20 P/E 45× · PEG 0.19 65% evidence 11.9/20 RS sector 0.7% · RS bench 14.4% · 1Y 32.1%2 of 12 weeks ahead 70% evidence
Exact sum: 18.8 + 10.4 + 12 + 11.9 = 53.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Euroseas Ltd.ESEA 51.0/100Mixed-positive evidence75% evidence TURNING 10.3/35 Revenue 2.3% · PAT 2.3% · OPM change -10.6 pp 83% evidence 16.2/25 ROCE 5.4% · OPM 61.2% 76% evidence 15.7/20 P/E 3.5× · PEG 0.13 65% evidence 8.8/20 RS sector -3.8% · RS bench 10.6% · 1Y 55.1%2 of 12 weeks ahead 70% evidence
Exact sum: 10.3 + 16.2 + 15.7 + 8.8 = 51 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
11Matson, Inc.MATX 50.9/100Mixed-positive evidence81% evidence BREAKING OUT 11.1/35 Revenue -4.6% · PAT -16% · OPM change -2.4 pp 83% evidence 9.0/25 ROCE 1.5% · OPM 8.1% 76% evidence 11.2/20 P/E 12× · PEG 0.81 65% evidence 19.6/20 RS sector 15.6% · RS bench 30% · 1Y 98.7%10 of 12 weeks ahead 100% evidence
Exact sum: 11.1 + 9 + 11.2 + 19.6 = 50.9 · Decision use: Price leads the evidence: RS versus the benchmark is 30%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
12StealthGas Inc.GASS 49.2/100Mixed-negative evidence75% evidence ASLEEP 20.2/35 Revenue 4.2% · PAT 78.1% · OPM change 2.4 pp 83% evidence 9.9/25 ROCE 2% · OPM 32.4% 76% evidence 15.2/20 P/E 5.5× · PEG 0.12 65% evidence 3.9/20 RS sector -16.2% · RS bench -4.3% · 1Y 28.9%1 of 12 weeks ahead 70% evidence
Exact sum: 20.2 + 9.9 + 15.2 + 3.9 = 49.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Global Ship Lease, Inc.GSL 49.2/100Mixed-negative evidence75% evidence ASLEEP 11.6/35 Revenue 7.2% · PAT 0.5% · OPM change -18.1 pp 83% evidence 14.8/25 ROCE 4% · OPM 49.2% 76% evidence 15.2/20 P/E 3.5× · PEG 0.18 65% evidence 7.6/20 RS sector -5.4% · RS bench 8.3% · 1Y 45.3%2 of 12 weeks ahead 70% evidence
Exact sum: 11.6 + 14.8 + 15.2 + 7.6 = 49.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
14Diana Shipping Inc.DSX 48.0/100Mixed-negative evidence75% evidence ASLEEP 17.0/35 Revenue -4.9% · PAT 100% · OPM change -4.2 pp 83% evidence 8.4/25 ROCE 1% · OPM 20.6% 76% evidence 15.4/20 P/E 7.1× · PEG 0.1 65% evidence 7.2/20 RS sector -5.6% · RS bench 7.3% · 1Y 60.3%0 of 12 weeks ahead 70% evidence
Exact sum: 17 + 8.4 + 15.4 + 7.2 = 48 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Genco Shipping & Trading LimitedGNK 45.8/100Thin evidence · provisional58% evidence ASLEEP 20.7/35 Revenue 2.4% · PAT -62.2% · OPM change 25.3 pp 62% evidence 6.3/25 ROCE 1.2% · OPM 11.6% 76% evidence 8.5/20 P/E 59.3× · PEG — 15% evidence 10.3/20 RS sector -2% · RS bench 11.6% · 1Y 59.8%2 of 12 weeks ahead 70% evidence
Exact sum: 20.7 + 6.3 + 8.5 + 10.3 = 45.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
16Kirby CorporationKEX 44.8/100Thin evidence · provisional58% evidence ASLEEP 18.8/35 Revenue — · PAT — · OPM change -0.6 pp 45% evidence 12.3/25 ROCE 4.5% · OPM 12.8% 76% evidence 9.2/20 P/E 20.9× · PEG — 15% evidence 4.5/20 RS sector -12.9% · RS bench -1% · 1Y 32.9%0 of 12 weeks ahead 100% evidence
Exact sum: 18.8 + 12.3 + 9.2 + 4.5 = 44.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17Costamare Inc.CMRE 43.4/100Thin evidence · provisional52% evidence ASLEEP 15.5/35 Revenue — · PAT — · OPM change -9.1 pp 45% evidence 14.0/25 ROCE 2.8% · OPM 46.1% 76% evidence 10.9/20 P/E 5.3× · PEG — 15% evidence 3.0/20 RS sector -19.9% · RS bench -8.4% · 1Y 43.3%0 of 12 weeks ahead 70% evidence
Exact sum: 15.5 + 14 + 10.9 + 3 = 43.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
18Hafnia LimitedHAFN 43.1/100Mixed-negative evidence71% evidence ASLEEP 16.9/35 Revenue -8.3% · PAT -26.1% · OPM change 12.9 pp 83% evidence 13.8/25 ROCE 5.8% · OPM 26.5% 76% evidence 10.1/20 P/E 8.4× · PEG — 15% evidence 2.3/20 RS sector -13.7% · RS bench -1.4% · 1Y 35.2%1 of 12 weeks ahead 100% evidence
Exact sum: 16.9 + 13.8 + 10.1 + 2.3 = 43.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Pangaea Logistics Solutions Ltd.PANL 41.1/100Mixed-negative evidence68% evidence ASLEEP 21.9/35 Revenue 22.9% · PAT 100% · OPM change 3.7 pp 62% evidence 7.0/25 ROCE 1.3% · OPM 6.1% 76% evidence 7.6/20 P/E 12.9× · PEG 1.68 65% evidence 4.6/20 RS sector -14.9% · RS bench -3.1% · 1Y 51.1%0 of 12 weeks ahead 70% evidence
Exact sum: 21.9 + 7 + 7.6 + 4.6 = 41.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20Capital Clean Energy Carriers Corp.CCEC 37.6/100Thin evidence · provisional52% evidence BREAKING OUT 13.4/35 Revenue — · PAT — · OPM change -13 pp 45% evidence 11.0/25 ROCE 1.3% · OPM 44.6% 76% evidence 9.8/20 P/E 11.5× · PEG — 15% evidence 3.4/20 RS sector -18.2% · RS bench -4.9% · 1Y -5.5%3 of 12 weeks ahead 70% evidence
Exact sum: 13.4 + 11 + 9.8 + 3.4 = 37.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
21SEACOR Marine Holdings Inc.SMHI 37.1/100Thin evidence · provisional58% evidence TURNING 10.3/35 Revenue -18.2% · PAT — · OPM change -4.9 pp 62% evidence 3.0/25 ROCE -1.1% · OPM -14.4% 76% evidence 8.9/20 P/E 21.2× · PEG — 15% evidence 14.9/20 RS sector 5.2% · RS bench 20.8% · 1Y 47.8%3 of 12 weeks ahead 70% evidence
Exact sum: 10.3 + 3 + 8.9 + 14.9 = 37.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
22ZIM Integrated Shipping Services Ltd.ZIM 30.2/100Adverse evidence71% evidence ASLEEP 3.5/35 Revenue -29.1% · PAT -95.8% · OPM change -24.4 pp 83% evidence 4.3/25 ROCE -0.2% · OPM -1.3% 76% evidence 8.8/20 P/E 32.1× · PEG — 15% evidence 13.6/20 RS sector 1.7% · RS bench 14.5% · 1Y 76.1%0 of 12 weeks ahead 100% evidence
Exact sum: 3.5 + 4.3 + 8.8 + 13.6 = 30.2 · Decision use: Price leads the evidence: RS versus the benchmark is 14.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
23Costamare Bulkers Holdings LimitedCMDB 41.6/100Thin evidence · provisional42% evidence ASLEEP 16.6/35 Revenue — · PAT — · OPM change -3.6 pp 26% evidence 6.7/25 ROCE 1.7% · OPM 12.4% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 8.3/20 RS sector -4.1% · RS bench 9.3% · 1Y 107.3%3 of 12 weeks ahead 70% evidence
Exact sum: 16.6 + 6.7 + 10 + 8.3 = 41.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is Himalaya Shipping Ltd.'s stock price today?

Himalaya Shipping Ltd. trades at $15.6, +130.4% over the past year. The company is valued at $1.0 B. The stock sits at 93% of its 52-week range of $7–$16, +28.9% versus its 200-day average. Against the S&P 500 it has been behind on a trailing-13-week view for 1 week. — as of 5 August 2026.

What were Himalaya Shipping Ltd.'s latest quarterly results?

Himalaya Shipping Ltd. reported revenue of $0.0 B and net profit of $0.0 B for the Mar 26 quarter. Earnings per share were $0.11. The operating margin was 66.7%, 16.7 pp higher than a year earlier. — as of 5 August 2026.

What is Himalaya Shipping Ltd.'s revenue?

Himalaya Shipping Ltd. reported revenue of $0.0 B in the Mar 26 quarter, +50.0% year on year. For the full FY25 fiscal year, revenue was $0.1 B (+8.3%). Over the last 2 years revenue compounded at 80.3% a year. — as of 5 August 2026.

What is Himalaya Shipping Ltd.'s profit?

Himalaya Shipping Ltd. earned $0.0 B of net profit in the Mar 26 quarter. Full-year FY25 profit was $0.0 B. The operating margin ran 66.7% in the latest quarter. — as of 5 August 2026.

What is Himalaya Shipping Ltd.'s market cap?

Himalaya Shipping Ltd.'s market capitalisation is $1.0 B at a stock price of $15.6. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 5 August 2026.

What is Himalaya Shipping Ltd.'s P/E ratio?

Himalaya Shipping Ltd. trades at a P/E of 25.6×, at the 39th percentile of its own 1-year range, against a long-run median of 33.0×. This is a comparison with the stock's own history, not a value call — as of 5 August 2026.

Does Himalaya Shipping Ltd. pay a dividend?

No — Himalaya Shipping Ltd. has declared no dividend per share in any of its last 9 reported quarters, so there is no payout history and no yield to quote. That is a reading of the filed statements, not an estimate. — as of 5 August 2026.

Is Himalaya Shipping Ltd. overvalued?

On its own history, Himalaya Shipping Ltd. looks mid-range against its own history: its P/E of 25.6× sits at the 39th percentile of its 1-year range (long-run median 33.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 5 August 2026.

How is Himalaya Shipping Ltd. performing?

Himalaya Shipping Ltd.'s latest readings are below. Against the S&P 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 5 August 2026.

Is Himalaya Shipping Ltd. beating the market?

Not lately — on a trailing-13-week view Himalaya Shipping Ltd. is currently behind the S&P 500 (1 week and counting; last ahead the week of 2026-07-31), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 1.1 years the stock moved +130% against the S&P 500's +24% — ahead of the index over the full window. — as of 5 August 2026.

Will Himalaya Shipping Ltd.'s stock price go up?

This page publishes no price forecast for Himalaya Shipping Ltd. What it measures instead: the stock price is $15.6. Its P/E of 25.6× sits at the 39th percentile of its own 1-year range. Direction is not something this site claims to know. — as of 5 August 2026.

Is the market betting against Himalaya Shipping Ltd.?

Somewhat — short interest is 3.6% of Himalaya Shipping Ltd.'s tradable float, about 3.5 days to cover at typical volumes. A moderate reading: some money is positioned against it. With no quarter-by-quarter holder register here, short interest is the cleanest crowd read we hold — as of 5 August 2026.

Does Himalaya Shipping Ltd. have too much debt?

It carries real leverage — Himalaya Shipping Ltd.'s debt-to-equity is 4.39. A year-by-year borrowings ladder is not in our numbers for this stock, so the latest reading is the cleanest hold. Read the returns on this page with that leverage in mind — as of 5 August 2026.

What is Himalaya Shipping Ltd.'s capex?

Himalaya Shipping Ltd. spent $1.0 B on capital expenditure over the last 2 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY24 alone that was $0.3 B. — as of 5 August 2026.

What is Himalaya Shipping Ltd.'s cash flow?

Himalaya Shipping Ltd. generated $0.1 B of operating cash flow in FY25 and $0.1 B of free cash flow after null of capital spending. Reported profit that year was $0.0 B, so operating cash ran ahead of profit. — as of 5 August 2026.

Is Himalaya Shipping Ltd.'s profit real cash?

Yes — over the last 2 fiscal years, 275% of Himalaya Shipping Ltd.'s reported profit arrived as operating cash. In FY25, operating cash was $0.1 B against reported profit of $0.0 B. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 5 August 2026.

How financially safe is Himalaya Shipping Ltd.?

On the balance sheet, the Z-score reads 0.88 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That is inside the danger band — a real balance-sheet risk. — as of 5 August 2026.

Where is Himalaya Shipping Ltd. in its business cycle?

Himalaya Shipping Ltd.'s FY25 operating margin was 53.8%, against a 3-year band of 25.0%–58.3%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 66.7%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 5 August 2026.

What could break the Himalaya Shipping Ltd. story?

The sharpest disagreement: the price moved +130.4% in a year while annual EPS moved −20.8% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 5 August 2026.

Is Himalaya Shipping Ltd. a stock worth studying right now?

This is not investment advice. The machine read: Himalaya Shipping Ltd.'s three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 5 August 2026.

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