HSHPHimalaya Shipping Ltd.
Deep Sea Foreign Transportation Of Freight
- Revenue
- $132M
- 6.7% YoY
- Operating margin
- 51.7%
- 4.2% YoY
- EBITDA
- $97M
- 4.5% YoY
- Market cap
- $766M
- Employees
- —
- Net debt / EBITDA
- 6.6×
- $643M net debt
- AI in 10-K
- —
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo292% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo52% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo—Any vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo—Bottom quartile of AI mentions in 10-Ks
- Net cashNo6.6× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$766M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$6M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Revenue | $0 | $37M | $124M | $132M | 6.7% |
| Operating income | −$2M | $15M | $67M | $68M | 2.2% |
| Net income | −$2M | $2M | $21M | $18M | 16% |
| Operating cash flow | −$1M | $6M | $56M | $52M | 7.5% |
| Stock-based comp | $401K | $500K | $500K | $200K | 60% |
| Dividends | $0 | $0 | $21M | $27M | 31% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $57K · 1
- Open-market sells, 12 mo
- $6M · 2
- Net
- −$6M
Pay vs performance
No pay-versus-performance disclosure yet.