5.11 USD
+0.1 (+2%)
Last: Jan 30, 2026, 08:21 PM
We assign a fundamental rating of 4 out of 10 to TOPS. TOPS was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. TOPS has a medium profitability rating, but doesn't score so well on its financial health evaluation. TOPS is valued quite cheap, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- TOPS had positive earnings in the past year.
- TOPS had a positive operating cash flow in the past year.
- In multiple years TOPS reported negative net income over the last 5 years.
- Each year in the past 5 years TOPS had a positive operating cash flow.
1.2 Ratios
- TOPS has a Return On Assets of 2.50%. This is comparable to the rest of the industry: TOPS outperforms 44.93% of its industry peers.
- TOPS has a Return On Equity (8.38%) which is in line with its industry peers.
- TOPS has a Return On Invested Capital of 6.68%. This is in the better half of the industry: TOPS outperforms 60.39% of its industry peers.
- TOPS had an Average Return On Invested Capital over the past 3 years of 5.65%. This is significantly below the industry average of 21.94%.
- 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
- TOPS has a Profit Margin of 12.13%. This is in the better half of the industry: TOPS outperforms 62.32% of its industry peers.
- In the last couple of years the Profit Margin of TOPS has declined.
- Looking at the Operating Margin, with a value of 36.26%, TOPS belongs to the top of the industry, outperforming 84.54% of the companies in the same industry.
- TOPS's Operating Margin has improved in the last couple of years.
- With an excellent Gross Margin value of 97.86%, TOPS belongs to the best of the industry, outperforming 99.52% of the companies in the same industry.
- 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
- TOPS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- TOPS has about the same amout of shares outstanding than it did 1 year ago.
- 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
- Based on the Altman-Z score of -0.57, we must say that TOPS is in the distress zone and has some risk of bankruptcy.
- TOPS has a Altman-Z score of -0.57. This is in the lower half of the industry: TOPS underperforms 71.98% of its industry peers.
- The Debt to FCF ratio of TOPS is 10.09, which is on the high side as it means it would take TOPS, 10.09 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 10.09, TOPS is in line with its industry, outperforming 55.07% of the companies in the same industry.
- A Debt/Equity ratio of 1.96 is on the high side and indicates that TOPS has dependencies on debt financing.
- The Debt to Equity ratio of TOPS (1.96) is worse than 79.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | 10.09 | ||
| Altman-Z | -0.57 |
ROIC/WACC0.97
WACC6.88%
2.3 Liquidity
- A Current Ratio of 0.38 indicates that TOPS may have some problems paying 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 88.89% 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.
- With a Quick ratio value of 0.36, TOPS is not doing good in the industry: 87.92% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.38 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 120.49% over the past year.
- Measured over the past years, TOPS shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -65.71% on average per year.
- The Revenue has been growing slightly by 4.77% in the past year.
- The Revenue has been growing slightly by 5.44% on average over the past years.
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
- With a Price/Earnings ratio of 2.22, the valuation of TOPS can be described as very cheap.
- Based on the Price/Earnings ratio, TOPS is valued cheaper than 99.03% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.30, TOPS is valued rather cheaply.
- The Price/Forward Earnings ratio is 2.29, which indicates a rather cheap valuation of TOPS.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of TOPS indicates a rather cheap valuation: TOPS is cheaper than 99.03% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, TOPS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.22 | ||
| Fwd PE | 2.29 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TOPS indicates a somewhat cheap valuation: TOPS is cheaper than 69.08% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, TOPS is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 0.9 | ||
| EV/EBITDA | 6.26 |
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.
- The decent profitability rating of TOPS 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
- No dividends for TOPS!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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.
Can you provide the valuation status for TOP SHIPS INC?
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.
Can you provide the PE and PB ratios for TOPS stock?
The Price/Earnings (PE) ratio for TOP SHIPS INC (TOPS) is 2.22 and the Price/Book (PB) ratio is 0.19.
What is the expected EPS growth for TOP SHIPS INC (TOPS) stock?
The Earnings per Share (EPS) of TOP SHIPS INC (TOPS) is expected to grow by 184.42% in the next year.