5.38 USD
-0.1 (-1.82%)
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 has a bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
TOPS had positive earnings in the past year.
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.
TOPS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TOPS's Return On Assets of 2.50% is in line compared to the rest of the industry. TOPS outperforms 44.71% of its industry peers.
TOPS has a Return On Equity of 8.38%. This is comparable to the rest of the industry: TOPS outperforms 54.81% of its industry peers.
The Return On Invested Capital of TOPS (6.68%) is better than 60.58% 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 21.28%.
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 better Profit Margin (12.13%) than 62.02% 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 84.13% 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.
In the last couple of years the Gross Margin of TOPS has remained more or less at the same level.
| 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.
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 70.67% 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.
TOPS has a Debt to FCF ratio (10.09) which is in line with 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's Debt to Equity ratio of 1.96 is on the low side compared to the rest of the industry. TOPS is outperformed by 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
WACC6.9%
2.3 Liquidity
A Current Ratio of 0.38 indicates that TOPS may have some problems paying its short term obligations.
TOPS has a worse Current ratio (0.38) than 88.46% 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's Quick ratio of 0.36 is on the low side compared to the rest of the industry. TOPS is outperformed by 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.
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.
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
The Price/Earnings ratio is 2.34, which indicates a rather cheap valuation of TOPS.
TOPS's Price/Earnings ratio is rather cheap when compared to the industry. TOPS is cheaper than 99.04% of the companies in the same industry.
TOPS is valuated cheaply when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 2.41, 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 99.04% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.88. TOPS is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.34 | ||
| Fwd PE | 2.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TOPS is valued a bit cheaper than 66.35% of the companies in the same industry.
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 | 0.95 | ||
| EV/EBITDA | 6.31 |
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% |
NYSEARCA:TOPS (1/9/2026, 8:04:00 PM)
5.38
-0.1 (-1.82%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners1.34%
Inst Owner Change0%
Ins Owners9.53%
Ins Owner Change0%
Market Cap24.91M
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 | 2.34 | ||
| Fwd PE | 2.41 | ||
| P/S | 0.28 | ||
| P/FCF | 0.95 | ||
| P/OCF | 0.83 | ||
| P/B | 0.2 | ||
| P/tB | 0.2 | ||
| EV/EBITDA | 6.31 |
EPS(TTM)2.3
EY42.75%
EPS(NY)2.23
Fwd EY41.52%
FCF(TTM)5.69
FCFY105.8%
OCF(TTM)6.44
OCFY119.77%
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
WACC6.9%
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 2.34 and the Price/Book (PB) ratio is 0.2.
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.