TOP SHIPS INC (TOPS) Fundamental Analysis & Valuation

NYSEARCA:TOPS • MHY8897Y2307

Current stock price

3.2 USD
0 (0%)
Last:

This TOPS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. TOPS Profitability Analysis

1.1 Basic Checks

  • TOPS had positive earnings in the past year.
  • TOPS had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: TOPS reported negative net income in multiple years.
  • TOPS had a positive operating cash flow in each of the past 5 years.
TOPS Yearly Net Income VS EBIT VS OCF VS FCFTOPS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M -150M

1.2 Ratios

  • TOPS has a Return On Assets (2.50%) which is in line with its industry peers.
  • TOPS has a Return On Equity of 8.38%. This is comparable to the rest of the industry: TOPS outperforms 51.67% of its industry peers.
  • The Return On Invested Capital of TOPS (6.68%) is better than 62.68% 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 23.10%.
  • The last Return On Invested Capital (6.68%) for TOPS is above the 3 year average (5.65%), which is a sign of increasing profitability.
Industry RankSector 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%
TOPS Yearly ROA, ROE, ROICTOPS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -10 -20

1.3 Margins

  • The Profit Margin of TOPS (12.13%) is better than 60.29% of its industry peers.
  • TOPS's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 36.26%, TOPS belongs to the best of the industry, outperforming 84.69% of the companies in the same industry.
  • In the last couple of years the Operating Margin of TOPS has grown nicely.
  • Looking at the Gross Margin, with a value of 97.86%, TOPS belongs to the top 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 RankSector 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%
TOPS Yearly Profit, Operating, Gross MarginsTOPS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. TOPS Health Analysis

2.1 Basic Checks

  • TOPS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • TOPS has about the same amout of shares outstanding than it did 1 year ago.
  • TOPS has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for TOPS is higher compared to a year ago.
TOPS Yearly Shares OutstandingTOPS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1M 2M 3M 4M
TOPS Yearly Total Debt VS Total AssetsTOPS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.2 Solvency

  • Based on the Altman-Z score of -0.59, we must say that TOPS is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of -0.59, TOPS is not doing good in the industry: 69.38% of the companies in the same industry are doing better.
  • 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 of 10.09. This is comparable to the rest of the industry: TOPS outperforms 55.02% of its industry peers.
  • TOPS has a Debt/Equity ratio of 1.96. This is a high value indicating a heavy dependency on external financing.
  • TOPS has a worse Debt to Equity ratio (1.96) than 77.03% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.96
Debt/FCF 10.09
Altman-Z -0.59
ROIC/WACC1.01
WACC6.6%
TOPS Yearly LT Debt VS Equity VS FCFTOPS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M

2.3 Liquidity

  • A Current Ratio of 0.38 indicates that TOPS may have some problems paying its short term obligations.
  • TOPS has a Current ratio of 0.38. This is amonst the worse of the industry: TOPS underperforms 86.60% of its industry peers.
  • A Quick Ratio of 0.36 indicates that TOPS may have some problems paying its short term obligations.
  • TOPS has a worse Quick ratio (0.36) than 87.08% of its industry peers.
Industry RankSector Rank
Current Ratio 0.38
Quick Ratio 0.36
TOPS Yearly Current Assets VS Current LiabilitesTOPS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. TOPS Growth Analysis

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.
  • 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.
  • TOPS shows a small growth in Revenue. In the last year, the Revenue has grown by 4.77%.
  • 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.
TOPS Yearly Revenue VS EstimatesTOPS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
TOPS Yearly EPS VS EstimatesTOPS Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 0 -5K -10K -15K -20K

More info and screens

Find the best growth stocksShow best growing peers

9

4. TOPS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 1.39 indicates a rather cheap valuation of TOPS.
  • 99.52% of the companies in the same industry are more expensive than TOPS, based on the Price/Earnings ratio.
  • TOPS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.17.
  • With a Price/Forward Earnings ratio of 1.43, the valuation of TOPS can be described as very cheap.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TOPS indicates a rather cheap valuation: TOPS is cheaper than 99.52% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.05. TOPS is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 1.39
Fwd PE 1.43
TOPS Price Earnings VS Forward Price EarningsTOPS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TOPS is valued a bit cheaper than 76.08% of the companies in the same industry.
  • TOPS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. TOPS is cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 0.56
EV/EBITDA 6.08
TOPS Per share dataTOPS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • TOPS's 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

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. TOPS Dividend Analysis

5.1 Amount

  • No dividends for TOPS!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

TOPS Fundamentals: All Metrics, Ratios and Statistics

TOP SHIPS INC

NYSEARCA:TOPS (4/6/2026, 4:00:00 PM)

3.2

0 (0%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)N/A
Earnings (Next)04-13
Inst Owners1.52%
Inst Owner Change0%
Ins Owners9.53%
Ins Owner Change0%
Market Cap14.82M
Revenue(TTM)87.87M
Net Income(TTM)10.66M
Analysts82.86
Price TargetN/A
Short Float %11.56%
Short Ratio0.7
Dividend
Industry RankSector 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 RankSector Rank
PE 1.39
Fwd PE 1.43
P/S 0.17
P/FCF 0.56
P/OCF 0.5
P/B 0.12
P/tB 0.12
EV/EBITDA 6.08
EPS(TTM)2.3
EY71.87%
EPS(NY)2.23
Fwd EY69.81%
FCF(TTM)5.69
FCFY177.87%
OCF(TTM)6.44
OCFY201.36%
SpS18.98
BVpS27.46
TBVpS27.46
PEG (NY)0.01
PEG (5Y)N/A
Graham Number37.7
Profitability
Industry RankSector 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 RankSector 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 -0.59
F-Score6
WACC6.6%
ROIC/WACC1.01
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 Fundamental Analysis 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.


What is the profitability of TOPS stock?

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 1.39 and the Price/Book (PB) ratio is 0.12.


Is the dividend of TOP SHIPS INC sustainable?

The dividend rating of TOP SHIPS INC (TOPS) is 0 / 10 and the dividend payout ratio is 0%.