Diana Shipping inc. (DSX) vs Himalaya Shipping Ltd. (HSHP)

Diana Shipping inc. and Himalaya Shipping Ltd. are both Marine Shipping companies. Himalaya Shipping Ltd. is the larger, with a market value of $704.7M against $288.6M — 2.4× the size. Diana Shipping inc. trades at the lower P/E: 4.8× against 13.3×. Himalaya Shipping Ltd. grew revenue faster over the last twelve months: 38.6% against −3.68%. Himalaya Shipping Ltd. has the higher net margin (31.4% vs 25.2%) and the higher return on invested capital (7.91% vs 2.88%). Both pay a dividend; Himalaya Shipping Ltd. yields more (12.1% vs 1.72%). Across the 20 metrics below, Diana Shipping inc. leads on 11 and Himalaya Shipping Ltd. on 9.

Valuation

Metric DSX HSHP Marine Shipping median
P/E 4.76 13.28 7.37
P/S 1.23 4.22 1.71
P/B 0.48 4.32 0.85
Price to free cash flow 2.02 n/m 4.11
EV/EBITDA 14.85 10.07 5.98
EV/Sales 2.86 8.06 2.47
Earnings yield 21.03% 7.53% 13.14%
Free cash flow yield 49.58% (32.03%) 19.49%

Profitability

Metric DSX HSHP Marine Shipping median
Gross margin 56.68% 81.65% 60.61%
Operating margin 19.25% 60.97% 27.74%
Net margin 25.21% 31.44% 25.21%
Free cash flow margin 61.21% 52.06% 18.27%
Return on equity 10.35% 32.62% 8.04%
Return on assets 4.68% 6.10% 5.13%
Return on invested capital 2.88% 7.91% 5.17%

Growth

Metric DSX HSHP Marine Shipping median
Revenue growth (TTM) (3.68%) 38.59% 10.81%
EPS growth (last fiscal year) 120.00% (20.83%) (20.39%)
Revenue growth, 5-year CAGR 4.70% — 11.95%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric DSX HSHP Marine Shipping median
Debt to equity 1.10 4.15 0.44
Current ratio 2.05 1.19 1.67
Net debt to EBITDA 4.50 6.56 2.34

Dividend

Metric DSX HSHP Marine Shipping median
Dividend yield 1.72% 12.13% 4.83%
Payout ratio 0.08 1.61 0.30

Size

Metric DSX HSHP Marine Shipping median
Market cap 288.64m 704.72m 435.67m

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