HIMALAYA SHIPPING LTD DL1 (J1X) - Net Assets
Based on the latest financial reports, HIMALAYA SHIPPING LTD DL1 (J1X) has net assets worth €161.70 Million EUR (≈ $189.04 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€863.90 Million ≈ $1.01 Billion USD) and total liabilities (€702.20 Million ≈ $820.95 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read HIMALAYA SHIPPING LTD DL1 (J1X) financial obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €161.70 Million |
| % of Total Assets | 18.72% |
| Annual Growth Rate | 15.17% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 30.25 |
HIMALAYA SHIPPING LTD DL1 - Net Assets Trend (2021–2025)
This chart illustrates how HIMALAYA SHIPPING LTD DL1's net assets have evolved over time, based on quarterly financial data. Also explore J1X asset base for the complete picture of this company's asset base.
Annual Net Assets for HIMALAYA SHIPPING LTD DL1 (2021–2025)
The table below shows the annual net assets of HIMALAYA SHIPPING LTD DL1 from 2021 to 2025. For live valuation and market cap data, see J1X market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €161.70 Million ≈ $189.04 Million |
+4.51% |
| 2024-12-31 | €154.72 Million ≈ $180.88 Million |
+0.33% |
| 2023-12-31 | €154.21 Million ≈ $180.28 Million |
+70.72% |
| 2022-12-31 | €90.33 Million ≈ $105.60 Million |
-1.71% |
| 2021-12-31 | €91.90 Million ≈ $107.44 Million |
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Equity Component Analysis
This analysis shows how different components contribute to HIMALAYA SHIPPING LTD DL1's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3830000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €37.30 Million | 23.07% |
| Other Components | €124.40 Million | 76.93% |
| Total Equity | €161.70 Million | 100.00% |
HIMALAYA SHIPPING LTD DL1 Competitors by Market Cap
The table below lists competitors of HIMALAYA SHIPPING LTD DL1 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangxi Nanning Waterworks Co
SHG:601368
|
$605.98 Million |
|
Zhejiang Narada Power Source
SHE:300068
|
$606.03 Million |
|
Sun International Ltd
JSE:SUI
|
$606.20 Million |
|
Cabaletta Bio Inc
NASDAQ:CABA
|
$606.55 Million |
|
AB Siauliu Bankas
F:ZH5
|
$605.89 Million |
|
Xiamen Savings Environmental
SHE:300056
|
$605.84 Million |
|
Amata Corporation Public Company Limited
BK:AMATA-R
|
$605.77 Million |
|
Sturm Ruger & Company Inc
NYSE:RGR
|
$605.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HIMALAYA SHIPPING LTD DL1's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 154,719,000 to 161,700,000, a change of 6,981,000 (4.5%).
- Net income of 17,700,000 contributed positively to equity growth.
- Dividend payments of 26,900,000 reduced retained earnings.
- New share issuances of 15,500,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €17.70 Million | +10.95% |
| Dividends Paid | €26.90 Million | -16.64% |
| Share Issuances | €15.50 Million | +9.59% |
| Other Changes | €681.00K | +0.42% |
| Total Change | €- | 4.51% |
Book Value vs Market Value Analysis
This analysis compares HIMALAYA SHIPPING LTD DL1's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.53x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.28x to 3.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €2.86 | €12.24 | x |
| 2022-12-31 | €2.81 | €12.24 | x |
| 2023-12-31 | €3.51 | €12.24 | x |
| 2024-12-31 | €3.52 | €12.24 | x |
| 2025-12-31 | €3.47 | €12.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HIMALAYA SHIPPING LTD DL1 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.42%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 5.34x
- Recent ROE (10.95%) is above the historical average (5.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -2.16% | 0.00% | 0.00x | 1.97x | €-10.99 Million |
| 2023 | 0.97% | 4.09% | 0.06x | 3.89x | €-13.92 Million |
| 2024 | 13.64% | 17.07% | 0.14x | 5.69x | €5.63 Million |
| 2025 | 10.95% | 13.42% | 0.15x | 5.34x | €1.53 Million |
Industry Comparison
This section compares HIMALAYA SHIPPING LTD DL1's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $14,560,040,333
- Average return on equity (ROE) among peers: 12.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HIMALAYA SHIPPING LTD DL1 (J1X) | €161.70 Million | -2.16% | 4.34x | $605.91 Million |
| 2020 Bulkers Ltd. (0FF) | $151.70 Million | 46.67% | 1.57x | $7.80 Million |
| EURODRY LTD. DL -01 (0LQ) | $105.59 Million | -11.94% | 1.08x | $52.61 Million |
| Qingdao Port International Co. Ltd (0QP) | $36.74 Billion | 10.46% | 0.56x | $1.02 Billion |
| ZIM Integrated Shipping Services Ltd. (2SV) | $5.90 Billion | 78.35% | 0.97x | $2.63 Billion |
| HAV GROUP ASA (6HH) | $91.17 Million | -4.74% | 3.69x | $41.65 Million |
| MERCANTILE PORTS+LOGI.LTD (9KS0) | $54.51 Million | -34.18% | 1.04x | $178.16K |
| Ardmore Shipping Corporation (A61) | $574.44 Million | 20.33% | 0.20x | $651.21 Million |
| BW LPG Limited (BW9) | $1.93 Billion | 12.58% | 0.64x | $2.25 Billion |
| COSCO SHIPPING Holdings Co. Ltd (C6G) | $42.11 Billion | 0.56% | 2.84x | $5.23 Billion |
| A.P.MOELL-M.B U.ADR 1/200 (DP4H) | $57.95 Billion | 10.54% | 0.51x | $11.30 Billion |
About HIMALAYA SHIPPING LTD DL1
Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company serves major commodity trading, commodity and energy transition, and multi-modal transport companies. As of December 31, 2024, it owned and operated through a fleet of 12 Newcastlemax dry bulk vessels, each with capacity in the range of 210,000 dead weight tons. Himalaya Shipping Ltd. was incorporated in 2021 and is… Read more