TOP SHIPS INC (TOPS) Stock Fundamental Analysis
USA - NYSEARCA:TOPS - MHY8897Y2307 - Common Stock
6.075 USD
+0.08 (+1.42%)
We assign a fundamental rating of 4 out of 10 to TOPS. TOPS was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of TOPS while its profitability can be described as average. TOPS is cheap, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year TOPS was profitable.
In the past year TOPS had a positive cash flow from operations.
In multiple years TOPS reported negative net income over the last 5 years.
In the past 5 years TOPS always reported a positive cash flow from operatings.
1.2 Ratios
TOPS's Return On Assets of 2.50% is in line compared to the rest of the industry. TOPS outperforms 45.71% of its industry peers.
TOPS has a Return On Equity (8.38%) which is in line with its industry peers.
TOPS's Return On Invested Capital of 6.68% is in line compared to the rest of the industry. TOPS outperforms 59.52% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TOPS is significantly below the industry average of 21.85%.
The 3 year average ROIC (5.65%) for TOPS is below the current ROIC(6.68%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.5% | ||
| ROE | 8.38% | ||
| ROIC | 6.68% |
ROA(3y)-1.88%
ROA(5y)-2.77%
ROE(3y)-4.46%
ROE(5y)-5.98%
ROIC(3y)5.65%
ROIC(5y)4.93%
1.3 Margins
The Profit Margin of TOPS (12.13%) is better than 61.90% of its industry peers.
In the last couple of years the Profit Margin of TOPS has declined.
TOPS's Operating Margin of 36.26% is amongst the best of the industry. TOPS outperforms 82.86% of its industry peers.
In the last couple of years the Operating Margin of TOPS has grown nicely.
TOPS has a better Gross Margin (97.86%) than 100.00% of its industry peers.
TOPS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.26% | ||
| PM (TTM) | 12.13% | ||
| GM | 97.86% |
OM growth 3Y4.53%
OM growth 5Y5.61%
PM growth 3Y-15.17%
PM growth 5YN/A
GM growth 3Y-0.01%
GM growth 5Y0.46%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TOPS is destroying value.
Compared to 1 year ago, TOPS has about the same amount of shares outstanding.
The number of shares outstanding for TOPS has been increased compared to 5 years ago.
The debt/assets ratio for TOPS is higher compared to a year ago.
2.2 Solvency
TOPS has an Altman-Z score of -0.56. This is a bad value and indicates that TOPS is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -0.56, TOPS is not doing good in the industry: 72.38% of the companies in the same industry are doing better.
TOPS has a debt to FCF ratio of 10.09. This is a negative value and a sign of low solvency as TOPS would need 10.09 years to pay back of all of its debts.
TOPS has a Debt to FCF ratio (10.09) which is comparable to the rest of the industry.
TOPS has a Debt/Equity ratio of 1.96. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.96, TOPS is doing worse than 79.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | 10.09 | ||
| Altman-Z | -0.56 |
ROIC/WACC0.95
WACC7.01%
2.3 Liquidity
TOPS has a Current Ratio of 0.38. This is a bad value and indicates that TOPS is not financially healthy enough and could expect problems in meeting its short term obligations.
TOPS's Current ratio of 0.38 is on the low side compared to the rest of the industry. TOPS is outperformed by 90.48% of its industry peers.
TOPS has a Quick Ratio of 0.38. This is a bad value and indicates that TOPS is not financially healthy enough and could expect problems in meeting its short term obligations.
TOPS has a worse Quick ratio (0.36) than 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.38 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
TOPS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 120.49%, which is quite impressive.
TOPS shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -65.71% yearly.
The Revenue has been growing slightly by 4.77% in the past year.
Measured over the past years, TOPS shows a small growth in Revenue. The Revenue has been growing by 5.44% on average per year.
EPS 1Y (TTM)120.49%
EPS 3Y-65.71%
EPS 5YN/A
EPS Q2Q%290.07%
Revenue 1Y (TTM)4.77%
Revenue growth 3Y15.16%
Revenue growth 5Y5.44%
Sales Q2Q%4.15%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y184.42%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.54%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
TOPS is valuated cheaply with a Price/Earnings ratio of 2.64.
99.05% of the companies in the same industry are more expensive than TOPS, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 25.91. TOPS is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 2.72, the valuation of TOPS can be described as very cheap.
Based on the Price/Forward Earnings ratio, TOPS is valued cheaply inside the industry as 98.57% of the companies are valued more expensively.
TOPS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.64 | ||
| Fwd PE | 2.72 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TOPS is valued a bit cheaper than the industry average as 67.14% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, TOPS is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.07 | ||
| EV/EBITDA | 6.36 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
TOPS has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.01
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
TOPS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NYSEARCA:TOPS (11/13/2025, 8:04:00 PM)
6.075
+0.08 (+1.42%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners6.65%
Inst Owner Change0.01%
Ins Owners9.53%
Ins Owner Change0%
Market Cap28.13M
Revenue(TTM)87.87M
Net Income(TTM)10.66M
Analysts82.86
Price Target29.58 (386.91%)
Short Float %9.86%
Short Ratio15.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.64 | ||
| Fwd PE | 2.72 | ||
| P/S | 0.32 | ||
| P/FCF | 1.07 | ||
| P/OCF | 0.94 | ||
| P/B | 0.22 | ||
| P/tB | 0.22 | ||
| EV/EBITDA | 6.36 |
EPS(TTM)2.3
EY37.86%
EPS(NY)2.23
Fwd EY36.77%
FCF(TTM)5.69
FCFY93.69%
OCF(TTM)6.44
OCFY106.07%
SpS18.98
BVpS27.46
TBVpS27.46
PEG (NY)0.01
PEG (5Y)N/A
Graham Number37.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.5% | ||
| ROE | 8.38% | ||
| ROCE | 8.45% | ||
| ROIC | 6.68% | ||
| ROICexc | 6.78% | ||
| ROICexgc | 6.78% | ||
| OM | 36.26% | ||
| PM (TTM) | 12.13% | ||
| GM | 97.86% | ||
| FCFM | 29.99% |
ROA(3y)-1.88%
ROA(5y)-2.77%
ROE(3y)-4.46%
ROE(5y)-5.98%
ROIC(3y)5.65%
ROIC(5y)4.93%
ROICexc(3y)5.96%
ROICexc(5y)5.17%
ROICexgc(3y)5.96%
ROICexgc(5y)5.17%
ROCE(3y)7.16%
ROCE(5y)6.52%
ROICexgc growth 3Y7.82%
ROICexgc growth 5Y12.11%
ROICexc growth 3Y7.82%
ROICexc growth 5Y12.11%
OM growth 3Y4.53%
OM growth 5Y5.61%
PM growth 3Y-15.17%
PM growth 5YN/A
GM growth 3Y-0.01%
GM growth 5Y0.46%
F-Score6
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | 10.09 | ||
| Debt/EBITDA | 5.53 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.61 | ||
| Cash Conversion | 66% | ||
| Profit Quality | 247.26% | ||
| Current Ratio | 0.38 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | -0.56 |
F-Score6
WACC7.01%
ROIC/WACC0.95
Cap/Depr(3y)543.54%
Cap/Depr(5y)809.92%
Cap/Sales(3y)89.51%
Cap/Sales(5y)134.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)120.49%
EPS 3Y-65.71%
EPS 5YN/A
EPS Q2Q%290.07%
EPS Next Y184.42%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.77%
Revenue growth 3Y15.16%
Revenue growth 5Y5.44%
Sales Q2Q%4.15%
Revenue Next Year6.54%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y19.18%
EBIT growth 3Y20.37%
EBIT growth 5Y11.35%
EBIT Next Year57.37%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-18.51%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-8.17%
OCF growth 3Y2.55%
OCF growth 5Y-2.03%
TOP SHIPS INC / TOPS FAQ
What is the ChartMill fundamental rating of TOP SHIPS INC (TOPS) stock?
ChartMill assigns a fundamental rating of 4 / 10 to TOPS.
What is the valuation status for TOPS stock?
ChartMill assigns a valuation rating of 9 / 10 to TOP SHIPS INC (TOPS). This can be considered as Undervalued.
Can you provide the profitability details for TOP SHIPS INC?
TOP SHIPS INC (TOPS) has a profitability rating of 6 / 10.
What is the valuation of TOP SHIPS INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for TOP SHIPS INC (TOPS) is 2.64 and the Price/Book (PB) ratio is 0.22.
Can you provide the expected EPS growth for TOPS stock?
The Earnings per Share (EPS) of TOP SHIPS INC (TOPS) is expected to grow by 184.42% in the next year.