Himalaya Shipping Ltd (HSHP) - Net Assets
Based on the latest financial reports, Himalaya Shipping Ltd (HSHP) has net assets worth Nkr160.10 Million NOK (≈ $16.85 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr865.30 Million ≈ $91.05 Million USD) and total liabilities (Nkr705.20 Million ≈ $74.21 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. Check strategic asset allocation of Himalaya Shipping Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr160.10 Million |
| % of Total Assets | 18.5% |
| Annual Growth Rate | 19.01% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 33.22 |
Himalaya Shipping Ltd - Net Assets Trend (2021–2024)
This chart illustrates how Himalaya Shipping Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Himalaya Shipping Ltd.
Annual Net Assets for Himalaya Shipping Ltd (2021–2024)
The table below shows the annual net assets of Himalaya Shipping Ltd from 2021 to 2024. Also explore Himalaya Shipping Ltd net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr154.72 Million ≈ $16.28 Million |
+0.33% |
| 2023-12-31 | Nkr154.21 Million ≈ $16.23 Million |
+70.04% |
| 2022-12-31 | Nkr90.69 Million ≈ $9.54 Million |
-1.19% |
| 2021-12-31 | Nkr91.78 Million ≈ $9.66 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Himalaya Shipping Ltd'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 2055974300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr19.56 Million | 12.64% |
| Other Components | Nkr135.16 Million | 87.36% |
| Total Equity | Nkr154.72 Million | 100.00% |
Himalaya Shipping Ltd Competitors by Market Cap
The table below lists competitors of Himalaya Shipping Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Africa Oil Corp
TO:AOI
|
$820.85 Million |
|
Shouyao Holdings (Beijing) Co. Ltd. A
SHG:688197
|
$820.87 Million |
|
Swedish Logistic Property AB Series B
ST:SLP-B
|
$821.22 Million |
|
ASRock Inc
TW:3515
|
$821.28 Million |
|
Global Top E Commerce Co Ltd
SHE:002640
|
$820.77 Million |
|
Mishra Dhatu Nigam Limited
NSE:MIDHANI
|
$820.64 Million |
|
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D
IS:KRDMD
|
$820.63 Million |
|
InMode Ltd
NASDAQ:INMD
|
$820.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Himalaya Shipping Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 153,747,912 to 154,719,000, a change of 971,088 (0.6%).
- Net income of 21,044,000 contributed positively to equity growth.
- Dividend payments of 20,633,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr21.04 Million | +13.6% |
| Dividends Paid | Nkr20.63 Million | -13.34% |
| Other Changes | Nkr560.09K | +0.36% |
| Total Change | Nkr- | 0.63% |
Book Value vs Market Value Analysis
This analysis compares Himalaya Shipping Ltd'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: 47.44x
- 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 increased from 33.37x to 47.44x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | Nkr5.01 | Nkr167.20 | x |
| 2022-12-31 | Nkr2.82 | Nkr167.20 | x |
| 2023-12-31 | Nkr3.98 | Nkr167.20 | x |
| 2024-12-31 | Nkr3.52 | Nkr167.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Himalaya Shipping Ltd 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): 13.60%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.03%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 5.69x
- Recent ROE (13.60%) is above the historical average (2.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -1.06% | 0.00% | 0.00x | 1.04x | Nkr-10.15 Million |
| 2022 | -2.21% | -24.39% | 0.05x | 1.97x | Nkr-11.07 Million |
| 2023 | 0.98% | 4.12% | 0.06x | 3.90x | Nkr-13.86 Million |
| 2024 | 13.60% | 17.03% | 0.14x | 5.69x | Nkr5.57 Million |
Industry Comparison
This section compares Himalaya Shipping Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $363,099,401
- Average return on equity (ROE) among peers: -11.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Himalaya Shipping Ltd (HSHP) | Nkr160.10 Million | -1.06% | 4.40x | $820.77 Million |
| 2020 Bulkers Ltd (2020) | $151.70 Million | 46.67% | 1.57x | $15.04 Million |
| ADS Maritime Holding Plc (ADS) | $21.60 Million | 7.70% | 0.04x | $18.38 Million |
| American Shipping Company ASA (AMSC) | $224.24 Million | 6.56% | 3.04x | $7.19K |
| Golden Energy Offshore Services AS (GEOS) | $140.31 Million | -111.35% | 2.37x | $49.02 Million |
| Golden Ocean Group Ltd (GOGL) | $307.44 Million | -1.27% | 0.33x | $1.75 Billion |
| Hafnia Ltd (HAFNI) | $397.82 Million | 0.74% | 2.07x | $4.42 Billion |
| Hoegh Autoliners ASA (HAUTO) | $1.27 Billion | 40.28% | 0.83x | $3.69 Billion |
| Havila Shipping ASA (HAVI) | $336.58 Million | 2.98% | 3.46x | $30.84 Million |
| Jinhui Shipping and Transportation Limited (JIN) | $413.41 Million | -91.62% | 0.84x | $74.50 Million |
About Himalaya Shipping Ltd
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. The company was incorporated in 2021 and is based in H… Read more