TOP SHIPS INC (TOPS) Stock Fundamental Analysis
USA - NYSEARCA:TOPS - MHY8897Y2307 - Common Stock
5.85 USD
-0.11 (-1.78%)
We assign a fundamental rating of 3 out of 10 to TOPS. TOPS was compared to 210 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 has a bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
In the past year TOPS was profitable.
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
Looking at the Return On Assets, with a value of 1.19%, TOPS is doing worse than 62.86% of the companies in the same industry.
TOPS has a Return On Equity of 3.49%. This is in the lower half of the industry: TOPS underperforms 62.38% of its industry peers.
TOPS has a Return On Invested Capital of 5.66%. This is comparable to the rest of the industry: TOPS outperforms 50.95% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TOPS is significantly below the industry average of 21.78%.
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 has a Profit Margin (5.84%) which is in line with its industry peers.
TOPS's Profit Margin has declined in the last couple of years.
TOPS has a better Operating Margin (32.40%) than 78.10% of its industry peers.
TOPS's Operating Margin has improved in the last couple of years.
TOPS has a better Gross Margin (97.67%) than 100.00% of its industry peers.
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 | 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.
TOPS has more shares outstanding than it did 5 years ago.
The debt/assets ratio for TOPS is higher compared to a year ago.
2.2 Solvency
TOPS has an Altman-Z score of -0.56. 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 -0.56, TOPS is doing worse than 72.38% of the companies in the same industry.
The Debt to FCF ratio of TOPS is 14.97, which is on the high side as it means it would take TOPS, 14.97 years of fcf income to pay off all of its debts.
TOPS has a Debt to FCF ratio (14.97) which is comparable to the rest of the industry.
TOPS has a Debt/Equity ratio of 1.70. This is a high value indicating a heavy dependency on external financing.
TOPS's Debt to Equity ratio of 1.70 is on the low side compared to the rest of the industry. TOPS is outperformed by 77.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | 14.97 | ||
| Altman-Z | -0.56 |
ROIC/WACC0.81
WACC6.98%
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.
With a Current ratio value of 0.71, TOPS is not doing good in the industry: 75.71% of the companies in the same industry are doing better.
A Quick Ratio of 0.68 indicates that TOPS may have some problems paying its short term obligations.
With a Quick ratio value of 0.68, TOPS is not doing good in the industry: 70.95% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
TOPS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 110.04%, 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 3.89% in the past year.
Measured over the past years, TOPS shows a small growth in Revenue. The Revenue has been growing by 5.44% on average per year.
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
TOPS is valuated cheaply with a Price/Earnings ratio of 5.37.
TOPS's Price/Earnings ratio is rather cheap when compared to the industry. TOPS is cheaper than 92.38% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.83. TOPS is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 2.62, which indicates a rather cheap valuation of TOPS.
Based on the Price/Forward Earnings ratio, TOPS is valued cheaply inside the industry as 98.57% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 32.68, TOPS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.37 | ||
| Fwd PE | 2.62 |
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 64.76% of the companies listed 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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.56 | ||
| EV/EBITDA | 6.77 |
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.
PEG (NY)0.03
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
TOPS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NYSEARCA:TOPS (11/7/2025, 8:22:10 PM)
5.85
-0.11 (-1.78%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners6.65%
Inst Owner Change0%
Ins Owners9.53%
Ins Owner Change0%
Market Cap27.09M
Revenue(TTM)86.13M
Net Income(TTM)5.03M
Analysts82.86
Price Target29.58 (405.64%)
Short Float %9.86%
Short Ratio15.94
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 | 5.37 | ||
| Fwd PE | 2.62 | ||
| P/S | 0.31 | ||
| P/FCF | 1.56 | ||
| P/OCF | 1.56 | ||
| P/B | 0.19 | ||
| P/tB | 0.19 | ||
| EV/EBITDA | 6.77 |
EPS(TTM)1.09
EY18.63%
EPS(NY)2.23
Fwd EY38.18%
FCF(TTM)3.74
FCFY63.95%
OCF(TTM)3.74
OCFY63.95%
SpS18.6
BVpS31.19
TBVpS31.19
PEG (NY)0.03
PEG (5Y)N/A
Graham Number27.66
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%
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 Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | 14.97 | ||
| Debt/EBITDA | 5.94 | ||
| Cap/Depr | 0% | ||
| Cap/Sales | 0% | ||
| Interest Coverage | 1.44 | ||
| Cash Conversion | 42% | ||
| Profit Quality | 344.1% | ||
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | -0.56 |
F-Score6
WACC6.98%
ROIC/WACC0.81
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%
TOP SHIPS INC / TOPS FAQ
What is the ChartMill fundamental rating of TOP SHIPS INC (TOPS) stock?
ChartMill assigns a fundamental rating of 3 / 10 to TOPS.
What is the valuation status for TOPS stock?
ChartMill assigns a valuation rating of 8 / 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 5 / 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 5.37 and the Price/Book (PB) ratio is 0.19.
Can you provide the expected EPS growth for TOPS stock?
The Earnings per Share (EPS) of TOP SHIPS INC (TOPS) is expected to grow by 184.42% in the next year.