HSHPHimalaya Shipping Ltd.
Is the business good?
Mostly cash-backed earnings (0.7×). That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating profit is mostly backed by cash. Conversion is worsening vs a year ago.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is HSHP?
Himalaya Shipping Ltd. earns 7.3% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 1.7 points below what the capital costs: growth destroys value
- Operating margin
- 53%
Operating margin · Marine Shipping median 26% · 12 months to Q2 2026
- Cash conversion
- 0.71×
Cash conversion · 0.82× a year ago · most of the operating profit arrived as cash, working capital took the rest
- Share count, year on year
- +7.2%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2023 | 40% |
| FY2024 | 54% |
| FY2025 | 52% |
Details›
- Gross margin12 months to Q2 2026
- 80%
- Operating margin12 months to Q2 2026
- 53%
- Net margin12 months to Q2 2026
- 17%
- Revenue, trailing twelve months
- $139M
- Net income, trailing twelve months
- $24M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 7.3%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.