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- Himalaya Shipping
Himalaya Shipping Valuation Multiples
Discover revenue and EBITDA valuation multiples for Himalaya Shipping and similar public comparables like FTAI Infrastructure, Ardmore Shipping, Safe Bulkers, Log-In and more.
Himalaya Shipping Overview
About Himalaya Shipping
Himalaya Shipping Ltd is an independent dry bulk company that focuses on owning and operating its Newcastlemax dry bulk carriers.
Founded
2021
HQ

Employees
3
Website
Sectors
Financials (LTM)
EV
$1B
Himalaya Shipping Financials
Himalaya Shipping reported last 12-month revenue of $139M and EBITDA of $106M.
In the same LTM period, Himalaya Shipping generated $110M in gross profit, $106M in EBITDA, and $27M in net income.
Revenue (LTM)
Himalaya Shipping P&L
In the most recent fiscal year, Himalaya Shipping reported revenue of $132M and EBITDA of $98M.
Himalaya Shipping expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $139M | XXX | $132M | XXX | XXX | XXX |
| Gross Profit | $110M | XXX | $73M | XXX | XXX | XXX |
| Gross Margin | 79% | XXX | 55% | XXX | XXX | XXX |
| EBITDA | $106M | XXX | $98M | XXX | XXX | XXX |
| EBITDA Margin | 76% | XXX | 75% | XXX | XXX | XXX |
| EBIT Margin | 55% | XXX | 52% | XXX | XXX | XXX |
| Net Profit | $27M | XXX | $18M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 14% | XXX | XXX | XXX |
| Net Debt | — | — | $657M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Himalaya Shipping Stock Performance
Himalaya Shipping has current market cap of $669M, and enterprise value of $1B.
Market Cap Evolution
Himalaya Shipping's stock price is $14.35.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $669M | 0.0% | XXX | XXX | XXX | $0.38 |
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Start Free TrialHimalaya Shipping Valuation Multiples
Himalaya Shipping trades at 9.5x EV/Revenue multiple, and 12.5x EV/EBITDA.
EV / Revenue (LTM)
Himalaya Shipping Financial Valuation Multiples
As of April 2, 2026, Himalaya Shipping has market cap of $669M and EV of $1B.
Equity research analysts estimate Himalaya Shipping's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Himalaya Shipping has a P/E ratio of 24.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $669M | XXX | $669M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 9.5x | XXX | 10.1x | XXX | XXX | XXX |
| EV/EBITDA | 12.5x | XXX | 13.5x | XXX | XXX | XXX |
| EV/EBIT | 17.3x | XXX | 19.4x | XXX | XXX | XXX |
| EV/Gross Profit | 12.1x | XXX | 18.1x | XXX | XXX | XXX |
| P/E | 24.6x | XXX | 37.4x | XXX | XXX | XXX |
| EV/FCF | 24.8x | XXX | 25.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Himalaya Shipping Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Himalaya Shipping Margins & Growth Rates
Himalaya Shipping's revenue in the last 12 month grew by 18%.
Himalaya Shipping's revenue per employee in the last FY averaged $44.0M, while opex per employee averaged $1.6M for the same period.
Himalaya Shipping's rule of 40 is 105% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Himalaya Shipping's rule of X is 143% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Himalaya Shipping Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Margin | 76% | XXX | 75% | XXX | XXX | XXX |
| EBITDA Growth | 24% | XXX | 34% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 105% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 143% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $44.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $1.6M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 4% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Himalaya Shipping Public Comps
See public comps and valuation multiples for other Marine Transportation comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| FTAI Infrastructure | XXX | XXX | XXX | XXX | XXX | XXX |
| Ardmore Shipping | XXX | XXX | XXX | XXX | XXX | XXX |
| Safe Bulkers | XXX | XXX | XXX | XXX | XXX | XXX |
| Log-In | XXX | XXX | XXX | XXX | XXX | XXX |
| Gotlandsbolaget | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Himalaya Shipping M&A Activity
Himalaya Shipping acquired XXX companies to date.
Last acquisition by Himalaya Shipping was on XXXXXXXX, XXXXX. Himalaya Shipping acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Himalaya Shipping
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHimalaya Shipping Investment Activity
Himalaya Shipping invested in XXX companies to date.
Himalaya Shipping made its latest investment on XXXXXXXX, XXXXX. Himalaya Shipping invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Himalaya Shipping
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Himalaya Shipping
| When was Himalaya Shipping founded? | Himalaya Shipping was founded in 2021. |
| Where is Himalaya Shipping headquartered? | Himalaya Shipping is headquartered in Norway. |
| How many employees does Himalaya Shipping have? | As of today, Himalaya Shipping has over 3 employees. |
| Who is the CEO of Himalaya Shipping? | Himalaya Shipping's CEO is Herman Billung. |
| Is Himalaya Shipping publicly listed? | Yes, Himalaya Shipping is a public company listed on NYSE. |
| What is the stock symbol of Himalaya Shipping? | Himalaya Shipping trades under HSHP ticker. |
| When did Himalaya Shipping go public? | Himalaya Shipping went public in 2022. |
| Who are competitors of Himalaya Shipping? | Himalaya Shipping main competitors are FTAI Infrastructure, Ardmore Shipping, Safe Bulkers, Log-In. |
| What is the current market cap of Himalaya Shipping? | Himalaya Shipping's current market cap is $669M. |
| What is the current revenue of Himalaya Shipping? | Himalaya Shipping's last 12 months revenue is $139M. |
| What is the current revenue growth of Himalaya Shipping? | Himalaya Shipping revenue growth (NTM/LTM) is 18%. |
| What is the current EV/Revenue multiple of Himalaya Shipping? | Current revenue multiple of Himalaya Shipping is 9.5x. |
| Is Himalaya Shipping profitable? | Yes, Himalaya Shipping is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Himalaya Shipping? | Himalaya Shipping's last 12 months EBITDA is $106M. |
| What is Himalaya Shipping's EBITDA margin? | Himalaya Shipping's last 12 months EBITDA margin is 76%. |
| What is the current EV/EBITDA multiple of Himalaya Shipping? | Current EBITDA multiple of Himalaya Shipping is 12.5x. |
| What is the current FCF of Himalaya Shipping? | Himalaya Shipping's last 12 months FCF is $54M. |
| What is Himalaya Shipping's FCF margin? | Himalaya Shipping's last 12 months FCF margin is 38%. |
| What is the current EV/FCF multiple of Himalaya Shipping? | Current FCF multiple of Himalaya Shipping is 24.8x. |
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