Himalaya Shipping Ltd. (HSHP) vs Safe Bulkers, Inc (SB)

Himalaya Shipping Ltd. and Safe Bulkers, Inc are both Marine Shipping companies. Safe Bulkers, Inc is the larger, with a market value of $939.1M against $844.4M — 1.1× the size. Safe Bulkers, Inc trades at the lower P/E: 10.4× against 15.5×. Himalaya Shipping Ltd. grew revenue faster over the last twelve months: 38.6% against 10.8%. Himalaya Shipping Ltd. has the higher net margin (31.4% vs 25.7%) and the higher return on invested capital (7.91% vs 5.56%). Across the 19 metrics below, Himalaya Shipping Ltd. leads on 10 and Safe Bulkers, Inc on 9.

Valuation

Metric HSHP SB Marine Shipping median
P/E 15.52 10.42 6.89
P/S 4.93 2.69 1.92
P/B 5.05 1.00 0.90
Price to free cash flow n/m n/m 4.62
EV/EBITDA 10.96 10.85 6.57
EV/Sales 8.77 3.92 2.73
Earnings yield 6.44% 9.59% 9.59%
Free cash flow yield (27.41%) (5.41%) 16.76%

Profitability

Metric HSHP SB Marine Shipping median
Gross margin 81.65% 63.42% 60.61%
Operating margin 60.97% 36.11% 27.74%
Net margin 31.44% 25.69% 25.21%
Free cash flow margin 52.06% (14.56%) 17.29%
Return on equity 32.62% 0.00% 8.62%
Return on assets 6.10% 5.57% 5.35%
Return on invested capital 7.91% 5.56% 5.32%

Growth

Metric HSHP SB Marine Shipping median
Revenue growth (TTM) 38.59% 10.81% 13.26%
EPS growth (last fiscal year) (20.83%) (63.86%) —
Revenue growth, 5-year CAGR — 6.83% 11.77%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric HSHP SB Marine Shipping median
Debt to equity 4.15 0.59 0.52
Current ratio 1.19 1.00 1.63
Net debt to EBITDA 6.56 2.88 2.34

Dividend

Metric HSHP SB Marine Shipping median
Dividend yield — 4.85% 5.54%
Payout ratio — 0.21 0.13

Size

Metric HSHP SB Marine Shipping median
Market cap 844.35m 939.13m 420.73m

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