Hornbeck Offshore Services Inc (HOS) vs Himalaya Shipping Ltd. (HSHP)

Hornbeck Offshore Services Inc and Himalaya Shipping Ltd. are both Marine Shipping companies. Hornbeck Offshore Services Inc is the larger, with a market value of $1.2B against $704.7M — 1.7× the size. Himalaya Shipping Ltd. trades at the lower P/E: 13.3× against 19.9×. Himalaya Shipping Ltd. grew revenue faster over the last twelve months: 38.6% against 1.97%. Himalaya Shipping Ltd. has the higher net margin (31.4% vs 3.04%) and the higher return on invested capital (7.91% vs 3.71%). Across the 19 metrics below, Himalaya Shipping Ltd. leads on 11 and Hornbeck Offshore Services Inc on 8.

Valuation

Metric HOS HSHP Marine Shipping median
P/E 19.93 13.28 7.37
P/S 0.61 4.22 1.71
P/B 0.50 4.32 0.85
Price to free cash flow 3.37 n/m 4.11
EV/EBITDA 1.68 10.07 5.98
EV/Sales 0.34 8.06 2.47
Earnings yield 5.02% 7.53% 13.14%
Free cash flow yield 29.72% (32.03%) 19.49%

Profitability

Metric HOS HSHP Marine Shipping median
Gross margin 14.06% 81.65% 60.61%
Operating margin 5.63% 60.97% 27.74%
Net margin 3.04% 31.44% 25.21%
Free cash flow margin 18.06% 52.06% 18.27%
Return on equity 2.52% 32.62% 8.04%
Return on assets 1.51% 6.10% 5.13%
Return on invested capital 3.71% 7.91% 5.17%

Growth

Metric HOS HSHP Marine Shipping median
Revenue growth (TTM) 1.97% 38.59% 10.81%
EPS growth (last fiscal year) (41.67%) (20.83%) (20.39%)
Revenue growth, 5-year CAGR 11.98% — 11.95%
Net income growth, 5-year CAGR 9.44% — 0.00%

Health

Metric HOS HSHP Marine Shipping median
Debt to equity 0.19 4.15 0.44
Current ratio 3.47 1.19 1.67
Net debt to EBITDA (0.54) 6.56 2.34

Dividend

Metric HOS HSHP Marine Shipping median
Dividend yield — 12.13% 4.83%
Payout ratio — 1.61 0.30

Size

Metric HOS HSHP Marine Shipping median
Market cap 1.19b 704.72m 435.67m

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