TOP SHIPS INC (TOPS) Stock Fundamental Analysis
NYSEARCA:TOPS - MHY8897Y2307 - Common Stock
5.61 USD
-0.01 (-0.18%)
5.7 USD
+0.09 (+1.6%)
Taking everything into account, TOPS scores 3 out of 10 in our fundamental rating. TOPS was compared to 208 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.
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.
Each year in the past 5 years TOPS had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.19%, TOPS is doing worse than 61.54% of the companies in the same industry.
The Return On Equity of TOPS (3.49%) is worse than 60.58% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.66%, TOPS is in line with its industry, outperforming 48.56% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for TOPS is significantly below the industry average of 23.39%.
The last Return On Invested Capital (5.66%) for TOPS is above the 3 year average (5.65%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.19% | ||
| ROE | 3.49% | ||
| ROIC | 5.66% |
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 5.84% is in line compared to the rest of the industry. TOPS outperforms 45.67% of its industry peers.
TOPS's Profit Margin has declined in the last couple of years.
TOPS has a better Operating Margin (32.40%) than 77.40% of its industry peers.
TOPS's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 97.67%, TOPS belongs to the top of the industry, outperforming 100.00% 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 | 32.4% | ||
| PM (TTM) | 5.84% | ||
| GM | 97.67% |
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.
TOPS has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, TOPS has more shares outstanding
TOPS has a worse debt/assets ratio than last year.
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.
TOPS's Altman-Z score of -0.57 is on the low side compared to the rest of the industry. TOPS is outperformed by 73.56% of its industry peers.
TOPS has a debt to FCF ratio of 14.97. This is a negative value and a sign of low solvency as TOPS would need 14.97 years to pay back of all of its debts.
TOPS has a Debt to FCF ratio (14.97) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.70 is on the high side and indicates that TOPS has dependencies on debt financing.
TOPS has a Debt to Equity ratio of 1.70. This is in the lower half of the industry: TOPS underperforms 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | 14.97 | ||
| Altman-Z | -0.57 |
ROIC/WACC0.82
WACC6.93%
2.3 Liquidity
TOPS has a Current Ratio of 0.71. 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 0.71, TOPS is doing worse than 76.44% of the companies in the same industry.
TOPS has a Quick Ratio of 0.71. 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 Quick ratio, with a value of 0.68, TOPS is doing worse than 72.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 110.04% 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.
Looking at the last year, TOPS shows a small growth in Revenue. The Revenue has grown by 3.89% in the last year.
The Revenue has been growing slightly by 5.44% on average over the past years.
EPS 1Y (TTM)110.04%
EPS 3Y-65.71%
EPS 5YN/A
EPS Q2Q%105.74%
Revenue 1Y (TTM)3.89%
Revenue growth 3Y15.16%
Revenue growth 5Y5.44%
Sales Q2Q%5.4%
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
The Price/Earnings ratio is 5.15, which indicates a rather cheap valuation of TOPS.
91.35% of the companies in the same industry are more expensive than TOPS, based on the Price/Earnings ratio.
TOPS is valuated cheaply when we compare the Price/Earnings ratio to 27.08, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 2.51 indicates a rather cheap valuation of TOPS.
Based on the Price/Forward Earnings ratio, TOPS is valued cheaply inside the industry as 99.04% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of TOPS to the average of the S&P500 Index (22.72), we can say TOPS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.15 | ||
| Fwd PE | 2.51 |
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 72.60% 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 99.04% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.5 | ||
| EV/EBITDA | 5.44 |
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.
PEG (NY)0.03
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 | N/A |
5.61
-0.01 (-0.18%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners6.6%
Inst Owner Change3.81%
Ins Owners9.53%
Ins Owner Change0%
Market Cap25.97M
Analysts82.86
Price Target29.58 (427.27%)
Short Float %12.29%
Short Ratio2.62
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 | 5.15 | ||
| Fwd PE | 2.51 | ||
| P/S | 0.3 | ||
| P/FCF | 1.5 | ||
| P/OCF | 1.5 | ||
| P/B | 0.18 | ||
| P/tB | 0.18 | ||
| EV/EBITDA | 5.44 |
EPS(TTM)1.09
EY19.43%
EPS(NY)2.23
Fwd EY39.82%
FCF(TTM)3.74
FCFY66.69%
OCF(TTM)3.74
OCFY66.69%
SpS18.6
BVpS31.19
TBVpS31.19
PEG (NY)0.03
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.19% | ||
| ROE | 3.49% | ||
| ROCE | 7.16% | ||
| ROIC | 5.66% | ||
| ROICexc | 5.77% | ||
| ROICexgc | 5.77% | ||
| OM | 32.4% | ||
| PM (TTM) | 5.84% | ||
| GM | 97.67% | ||
| FCFM | 20.11% |
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%
ROICexcg growth 3Y7.82%
ROICexcg 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 Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | 14.97 | ||
| Debt/EBITDA | 4.8 | ||
| Cap/Depr | 0% | ||
| Cap/Sales | 0% | ||
| Interest Coverage | 1.44 | ||
| Cash Conversion | 33.93% | ||
| Profit Quality | 344.1% | ||
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | -0.57 |
F-Score6
WACC6.93%
ROIC/WACC0.82
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)110.04%
EPS 3Y-65.71%
EPS 5YN/A
EPS Q2Q%105.74%
EPS Next Y184.42%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.89%
Revenue growth 3Y15.16%
Revenue growth 5Y5.44%
Sales Q2Q%5.4%
Revenue Next Year6.54%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-2.96%
EBIT growth 3Y20.37%
EBIT growth 5Y11.35%
EBIT Next Year57.37%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-40.13%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-40.13%
OCF growth 3Y2.55%
OCF growth 5Y-2.03%