5.305 USD
-0.1 (-1.8%)
We assign a fundamental rating of 4 out of 10 to TOPS. TOPS was compared to 208 industry peers in the Oil, Gas & Consumable Fuels industry. While TOPS is still in line with the averages on profitability rating, there are concerns on its financial health. TOPS is cheap, but on the other hand it scores bad on growth.
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.
- TOPS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- TOPS has a Return On Assets of 2.50%. This is comparable to the rest of the industry: TOPS outperforms 44.71% of its industry peers.
- Looking at the Return On Equity, with a value of 8.38%, TOPS is in line with its industry, outperforming 54.81% of the companies in the same industry.
- TOPS has a Return On Invested Capital of 6.68%. This is in the better half of the industry: TOPS outperforms 60.58% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for TOPS is significantly below the industry average of 21.83%.
- 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's Profit Margin of 12.13% is fine compared to the rest of the industry. TOPS outperforms 62.02% of its industry peers.
- TOPS's Profit Margin has declined in the last couple of years.
- TOPS has a Operating Margin of 36.26%. This is amongst the best in the industry. TOPS outperforms 84.13% of its industry peers.
- TOPS's Operating Margin has improved in the last couple of years.
- TOPS has a better Gross Margin (97.86%) than 99.52% 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TOPS is destroying value.
- Compared to 1 year ago, TOPS has about the same amount of shares outstanding.
- Compared to 5 years ago, TOPS has more shares outstanding
- The debt/assets ratio for TOPS is higher compared to a year ago.
2.2 Solvency
- TOPS has an Altman-Z score of -0.57. This is a bad value and indicates that TOPS is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of -0.57, TOPS is doing worse than 71.15% of the companies in the same industry.
- 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.
- TOPS has a Debt to FCF ratio (10.09) which is in line with its industry peers.
- A Debt/Equity ratio of 1.96 is on the high side and indicates that TOPS has dependencies on debt financing.
- TOPS has a worse Debt to Equity ratio (1.96) than 78.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | 10.09 | ||
| Altman-Z | -0.57 |
ROIC/WACC0.97
WACC6.89%
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.
- Looking at the Current ratio, with a value of 0.38, TOPS is doing worse than 88.46% of the companies in the same industry.
- A Quick Ratio of 0.36 indicates that TOPS may have some problems paying its short term obligations.
- The Quick ratio of TOPS (0.36) is worse than 87.50% 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.
- The earnings per share for TOPS have been decreasing by -65.71% on average. This is quite bad
- Looking at the last year, TOPS shows a small growth in Revenue. The Revenue has grown by 4.77% in the last year.
- TOPS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.44% yearly.
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
- A Price/Earnings ratio of 2.31 indicates a rather cheap valuation of TOPS.
- Based on the Price/Earnings ratio, TOPS is valued cheaper than 99.04% of the companies in the same industry.
- TOPS is valuated cheaply when we compare the Price/Earnings ratio to 27.54, which is the current average of the S&P500 Index.
- TOPS is valuated cheaply with a Price/Forward Earnings ratio of 2.37.
- TOPS's Price/Forward Earnings ratio is rather cheap when compared to the industry. TOPS is cheaper than 99.04% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of TOPS to the average of the S&P500 Index (24.31), we can say TOPS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.31 | ||
| Fwd PE | 2.37 |
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 66.83% of the companies listed in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of TOPS indicates a rather cheap valuation: TOPS is cheaper than 100.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 0.93 | ||
| EV/EBITDA | 6.29 |
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
- No dividends for TOPS!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
NYSEARCA:TOPS (1/15/2026, 8:21:17 PM)
5.305
-0.1 (-1.8%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)08-07 2025-08-07
Earnings (Next)04-13 2026-04-13
Inst Owners1.34%
Inst Owner Change0%
Ins Owners9.53%
Ins Owner Change0%
Market Cap24.56M
Revenue(TTM)87.87M
Net Income(TTM)10.66M
Analysts82.86
Price TargetN/A
Short Float %2.04%
Short Ratio1.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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 | 2.31 | ||
| Fwd PE | 2.37 | ||
| P/S | 0.28 | ||
| P/FCF | 0.93 | ||
| P/OCF | 0.82 | ||
| P/B | 0.19 | ||
| P/tB | 0.19 | ||
| EV/EBITDA | 6.29 |
EPS(TTM)2.3
EY43.36%
EPS(NY)2.23
Fwd EY42.11%
FCF(TTM)5.69
FCFY107.29%
OCF(TTM)6.44
OCFY121.46%
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 | -0.57 |
F-Score6
WACC6.89%
ROIC/WACC0.97
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.
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 2.31 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.