Himalaya Shipping Ltd. (HSHP) vs Pangaea Logistics Solutions Ltd. (PANL)

Himalaya Shipping Ltd. and Pangaea Logistics Solutions Ltd. are both Marine Shipping companies. Himalaya Shipping Ltd. is the larger, with a market value of $844.4M against $533.6M — 1.6× the size. Pangaea Logistics Solutions Ltd. trades at the lower P/E: 10.7× against 15.5×. Himalaya Shipping Ltd. grew revenue faster over the last twelve months: 38.6% against 22.5%. Himalaya Shipping Ltd. has the higher net margin (31.4% vs 6.76%) and the higher return on invested capital (7.91% vs 5.92%). Across the 19 metrics below, Pangaea Logistics Solutions Ltd. leads on 10 and Himalaya Shipping Ltd. on 9.

Valuation

Metric HSHP PANL Marine Shipping median
P/E 15.52 10.68 6.89
P/S 4.93 0.73 1.92
P/B 5.05 1.04 0.90
Price to free cash flow n/m 5.92 4.62
EV/EBITDA 10.96 6.34 6.57
EV/Sales 8.77 1.01 2.73
Earnings yield 6.44% 9.36% 9.59%
Free cash flow yield (27.41%) 16.89% 16.76%

Profitability

Metric HSHP PANL Marine Shipping median
Gross margin 81.65% 35.61% 60.61%
Operating margin 60.97% 9.32% 27.74%
Net margin 31.44% 6.76% 25.21%
Free cash flow margin 52.06% 12.26% 17.29%
Return on equity 32.62% 10.07% 8.62%
Return on assets 6.10% 5.13% 5.35%
Return on invested capital 7.91% 5.92% 5.32%

Growth

Metric HSHP PANL Marine Shipping median
Revenue growth (TTM) 38.59% 22.50% 13.26%
EPS growth (last fiscal year) (20.83%) (52.38%) —
Revenue growth, 5-year CAGR — 10.54% 11.77%
Net income growth, 5-year CAGR — 11.28% 0.00%

Health

Metric HSHP PANL Marine Shipping median
Debt to equity 4.15 0.63 0.52
Current ratio 1.19 1.38 1.63
Net debt to EBITDA 6.56 2.83 2.34

Dividend

Metric HSHP PANL Marine Shipping median
Dividend yield — 4.71% 5.54%
Payout ratio — 0.42 0.13

Size

Metric HSHP PANL Marine Shipping median
Market cap 844.35m 533.61m 420.73m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack