View ValuationTop Ships 将来の成長Future 基準チェック /06現在、 Top Shipsの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Oil and Gas 収益成長11.3%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報Price Target Changed • Nov 30Price target increased by 17% to US$42.00Up from US$36.00, the current price target is provided by 1 analyst. New target price is 249% above last closing price of US$12.05. Stock is down 72% over the past year. The company is forecast to post earnings per share of US$1.23 next year compared to a net loss per share of US$36.34 last year.Major Estimate Revision • Feb 23Consensus EPS estimates fall by 204%The consensus outlook for fiscal year 2022 has been updated. 2022 expected loss increased from -US$2.17 to -US$6.60 per share. Revenue forecast of US$80.8m unchanged since last update. Oil and Gas industry in the US expected to see average net income decline 2.0% next year. Consensus price target of US$2.50 unchanged from last update. Share price fell 8.2% to US$0.80 over the past week.Breakeven Date Change • Dec 31Forecast breakeven date pushed back to 2022The analyst covering Top Ships previously expected the company to break even in 2021. New forecast suggests the company will make a profit of US$27.3m in 2022. Average annual earnings growth of 63% is required to achieve expected profit on schedule.すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • May 12Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to US$1.69, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 14x in the Oil and Gas industry in the US. Total loss to shareholders of 71% over the past three years.New Risk • May 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (US$12.0m market cap).New Risk • May 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (US$12.1m market cap).New Risk • Apr 29New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.95m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Market cap is less than US$10m (US$9.95m market cap). Minor Risk Profit margins are more than 30% lower than last year (3.8% net profit margin).Valuation Update With 7 Day Price Move • Apr 24Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$2.50, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 15x in the Oil and Gas industry in the US. Total loss to shareholders of 59% over the past three years.New Risk • Apr 04New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 5.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (US$14.8m market cap).New Risk • Mar 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$14.5m market cap).Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$5.40, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 13x in the Oil and Gas industry in the US. Total loss to shareholders of 51% over the past three years.Valuation Update With 7 Day Price Move • Dec 22Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$4.69, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 13x in the Oil and Gas industry in the US. Total loss to shareholders of 51% over the past three years.お知らせ • Nov 18Top Ships Inc., Annual General Meeting, Dec 12, 2025Top Ships Inc., Annual General Meeting, Dec 12, 2025. Location: 20 iouliou kaisara str 19002, paiania, athens, greece, United StatesReported Earnings • Oct 09First half 2025 earnings released: EPS: US$1.64 (vs US$0.42 in 1H 2024)First half 2025 results: EPS: US$1.64 (up from US$0.42 in 1H 2024). Revenue: US$43.8m (up 4.1% from 1H 2024). Net income: US$7.56m (up 290% from 1H 2024). Profit margin: 17% (up from 4.6% in 1H 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.Board Change • Aug 15High number of new directorsIndependent Director Maria Zoupou was the last director to join the board, commencing their role in 2025.Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 34%After last week's 34% share price gain to US$7.31, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 12x in the Oil and Gas industry in the US. Total loss to shareholders of 95% over the past three years.New Risk • Jun 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$25.4m market cap).Reported Earnings • Apr 15Full year 2024 earnings released: EPS: US$1.09 (vs US$12.44 loss in FY 2023)Full year 2024 results: EPS: US$1.09 (up from US$12.44 loss in FY 2023). Revenue: US$86.1m (up 3.8% from FY 2023). Net income: US$5.03m (up US$27.4m from FY 2023). Profit margin: 5.8% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.New Risk • Feb 25New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (US$28.9m market cap).お知らせ • Nov 08Top Ships Inc., Annual General Meeting, Dec 06, 2024Top Ships Inc., Annual General Meeting, Dec 06, 2024. Location: 20 iouliou kaisara str 19002, paiania, athens, greece, United StatesReported Earnings • Aug 12First half 2024 earnings released: EPS: US$0.42 (vs US$1.54 in 1H 2023)First half 2024 results: EPS: US$0.42 (down from US$1.54 in 1H 2023). Revenue: US$42.1m (up 2.2% from 1H 2023). Net income: US$1.94m (down 15% from 1H 2023). Profit margin: 4.6% (down from 5.6% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US.お知らせ • Apr 24+ 1 more updateTop Ships Inc.(NYSEAM:TOPS) dropped from NASDAQ Composite IndexTop Ships Inc. has been dropped from NASDAQ Composite IndexReported Earnings • Apr 01Full year 2023 earnings: Revenues in line with analyst expectationsFull year 2023 results: Revenue: US$82.9m (up 2.8% from FY 2022). Net income: US$6.07m (up US$15.3m from FY 2022). Profit margin: 7.3% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Oil and Gas industry in the US.New Risk • Feb 27New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$1.9m sold). Market cap is less than US$100m (US$63.3m market cap).New Risk • Feb 25New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$61.5m market cap).お知らせ • Dec 15Top Ships Inc. (NasdaqCM:TOPS) announces an Equity Buyback for $4 million worth of its shares.Top Ships Inc. (NasdaqCM:TOPS) announces a share repurchase program. Under the program, the company will repurchase up to $4 million worth of its outstanding common shares. The program is valid for 3 months.Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improves as stock rises 24%After last week's 24% share price gain to US$12.64, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 97% over the past three years.Price Target Changed • Nov 30Price target increased by 17% to US$42.00Up from US$36.00, the current price target is provided by 1 analyst. New target price is 249% above last closing price of US$12.05. Stock is down 72% over the past year. The company is forecast to post earnings per share of US$1.23 next year compared to a net loss per share of US$36.34 last year.Recent Insider Transactions • Nov 24Founder recently bought US$444k worth of stockOn the 21st of November, Evangelos Pistiolis bought around 56k shares on-market at roughly US$7.95 per share. This transaction increased Evangelos' direct individual holding by 134x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Evangelos' only on-market trade for the last 12 months.分析記事 • Nov 16Is Top Ships (NASDAQ:TOPS) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improves as stock rises 25%After last week's 25% share price gain to US$7.44, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 97% over the past three years.New Risk • Nov 12New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.94m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (474% increase in shares outstanding). Market cap is less than US$10m (US$9.94m market cap).お知らせ • Nov 01Top Ships Inc., Annual General Meeting, Nov 22, 2023Top Ships Inc., Annual General Meeting, Nov 22, 2023, at 10:00 E. Europe Standard Time. Location: offices of Central Mare Inc., 1 Vas. Sofias & Meg. Alexandrou Str., Maroussi-Athens 151 24, Greece Maroussi - Athen Greece Agenda: To elect two Class I Directors to serve until the 2026 Annual Meeting of Shareholders; to ratify the appointment of Deloitte Certified Public Accountants S.A., as the Company’s independent auditors for the fiscal year ending December 31, 2023; to approve one or more amendments to the Company’s Amended and Restated Articles of Incorporation to effect one or more reverse stock splits of the Company’s issued common shares at a ratio of not less than one-for-two and not more than one-for-250 and in the aggregate at a ratio of not more than one-for-250, inclusive, with the Board having the discretion as to whether or not one or more reverse stock splits is to be effected at any time prior to December 31, 2024, with the exact ratio to be set within this range to be determined by the Company’s board of directors or any duly constituted committee thereof, at any time after approval of each amendment in its discretion; and to transact such other business.お知らせ • Oct 17Top Ships Inc. Announces Compliance with Nasdaq Minimum Bid Price RequirementTOP Ships Inc. announced that NASDAQ notified the Company that it has regained compliance with the minimum bid price requirement for the Nasdaq Capital Market, set forth in Nasdaq Listing Rule 5550(a)(2).New Risk • Oct 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (474% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (US$15.4m market cap).Valuation Update With 7 Day Price Move • Oct 16Investor sentiment improves as stock rises 37%After last week's 37% share price gain to US$8.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 97% over the past three years.分析記事 • Oct 05Top Ships (NASDAQ:TOPS) Might Have The Makings Of A Multi-BaggerIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...分析記事 • Aug 11Is Top Ships (NASDAQ:TOPS) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Aug 11The Market Lifts Top Ships Inc. (NASDAQ:TOPS) Shares 26% But It Can Do MoreTop Ships Inc. ( NASDAQ:TOPS ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...New Risk • Aug 06New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$15.1m market cap).Reported Earnings • Aug 06First half 2023 earnings: EPS exceeds analyst expectationsFirst half 2023 results: EPS: US$0.13 (up from US$6.15 loss in 1H 2022). Revenue: US$41.1m (up 5.9% from 1H 2022). Net income: US$2.29m (up US$15.4m from 1H 2022). Profit margin: 5.6% (up from net loss in 1H 2022). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.8% decline forecast for the Oil and Gas industry in the US.分析記事 • Jun 28Top Ships (NASDAQ:TOPS) Is Looking To Continue Growing Its Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...Reported Earnings • Apr 08Full year 2022 earnings: Revenues in line with analyst expectationsFull year 2022 results: Revenue: US$80.7m (up 43% from FY 2021). Net loss: US$9.19m (down 270% from profit in FY 2021). Revenue was in line with analyst estimates. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% decline forecast for the Oil and Gas industry in the US.Reported Earnings • Mar 03Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: US$3.03 loss per share. Revenue: US$80.7m (up 43% from FY 2021). Net income: US$18.9m (up 251% from FY 2021). Profit margin: 24% (up from 9.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 54%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% decline forecast for the Oil and Gas industry in the US.Major Estimate Revision • Feb 23Consensus EPS estimates fall by 204%The consensus outlook for fiscal year 2022 has been updated. 2022 expected loss increased from -US$2.17 to -US$6.60 per share. Revenue forecast of US$80.8m unchanged since last update. Oil and Gas industry in the US expected to see average net income decline 2.0% next year. Consensus price target of US$2.50 unchanged from last update. Share price fell 8.2% to US$0.80 over the past week.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Chairman of the Board Stavros Emmanuel was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.分析記事 • Oct 07The Return Trends At Top Ships (NASDAQ:TOPS) Look PromisingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Seeking Alpha • Oct 06TOP Ships stock dips on termination of ATM equity programTOP Ships (NASDAQ:TOPS) has announced termination of an "at-the-market" equity offering program. It issued a notice to terminate the equity distribution agreement for the sale of its common shares up to an aggregate amount of $19.7M with Maxim Group. The company will make no further sales under the program. Net proceeds from sales under the program amounted to ~$2M. TOPS shares were down 11% shortly before 12.30PM ETSeeking Alpha • Sep 28TOP Ships reports 1H resultsTOP Ships press release (NASDAQ:TOPS): 1H Net Income of $8.6M Revenue of $38.8M (+53.3% Y/Y). Adjusted EBITDA of $26.9M Shares +18% PM.Seeking Alpha • Sep 21TOP Ships gains 17% aftermarket on 1-for-20 reverse stock splitTOP Ships (NASDAQ:TOPS) gained 17% after hours on Wednesday after the firm said it will effect a 1-for-20 reverse stock split. The reverse stock split is expected to take effect, and TOPS shares will begin trading on a split-adjusted basis on Nasdaq Capital Market, as of market open on Sept. 23 under the existing ticker "TOPS". This will reduce the number of outstanding shares from ~56.7M shares to ~2.8M shares. No fractional shares will be issued in connection with the reverse split.分析記事 • Apr 28Top Ships' (NASDAQ:TOPS) Solid Earnings May Rest On Weak FoundationsTop Ships Inc.'s ( NASDAQ:TOPS ) robust recent earnings didn't do much to move the stock. However the statutory profit...Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Chairman of the Board Stavros Emmanuel was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Seeking Alpha • Mar 21Shipping Is Hot, Top Ships Is Still A Casino Stock With No ValueGiven the company's history of dilution and penchant for death spiral financing, we caution investors to steer clear of this security. We foolishly believed in the company in the 2014-2015 period until we were blatantly burned. A discussion of Net Asset Value and company fundamentals is irrelevant with a leadership team that benefits from increased scale through commissions, management fees, etc while shareholder dilution continue unabated. In short, fool me once, shame on you; fool me twice, shame on me.Reported Earnings • Mar 16Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: US$56.4m (down 6.4% from FY 2020). Net income: US$8.62m (up US$37.4m from FY 2020). Profit margin: 15% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 47%, compared to a 21% growth forecast for the oil industry in the US.分析記事 • Jan 25Top Ships' (NASDAQ:TOPS) Returns On Capital Are Heading HigherWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Breakeven Date Change • Dec 31Forecast breakeven date pushed back to 2022The analyst covering Top Ships previously expected the company to break even in 2021. New forecast suggests the company will make a profit of US$27.3m in 2022. Average annual earnings growth of 63% is required to achieve expected profit on schedule.Board Change • Dec 03Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Chairman of the Board Stavros Emmanuel was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.分析記事 • Dec 02Here's Why Top Ships (NASDAQ:TOPS) Is Weighed Down By Its Debt LoadWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • Sep 11First half 2021 earnings released: EPS US$0.019 (vs US$1.09 loss in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: US$25.3m (down 22% from 1H 2020). Net income: US$767.0k (up US$8.73m from 1H 2020). Profit margin: 3.0% (up from net loss in 1H 2020).分析記事 • May 08Returns On Capital Are Showing Encouraging Signs At Top Ships (NASDAQ:TOPS)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Reported Earnings • Apr 26Full year 2020 earnings released: US$1.22 loss per share (vs US$265 loss in FY 2019)The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: US$60.2m (down 8.9% from FY 2019). Net loss: US$28.8m (loss narrowed 7.1% from FY 2019).Is New 90 Day High Low • Jan 30New 90-day high: US$2.10The company is up 106% from its price of US$1.02 on 30 October 2020. The American market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 37% over the same period.Is New 90 Day High Low • Jan 13New 90-day high: US$1.72The company is up 48% from its price of US$1.16 on 14 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 39% over the same period.Is New 90 Day High Low • Dec 05New 90-day high: US$1.65The company is up 50% from its price of US$1.10 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 11% over the same period.Is New 90 Day High Low • Sep 24New 90-day low: US$1.07The company is down 68% from its price of US$3.37 on 26 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 16% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Top Ships は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測NYSEAM:TOPS - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2025803626N/A9/30/2025847428N/A6/30/20258811330N/A3/31/2025878-224N/A12/31/2024865-717N/A9/30/202485-9720N/A6/30/202484-232223N/A3/31/202483-232526N/A12/31/202383-222929N/A9/30/202383-83131N/A6/30/20238363232N/A3/31/202382-1-7533N/A12/31/202281-9-18333N/A9/30/202275-9-19827N/A6/30/202270-8-21321N/A3/31/202263-2-15618N/A12/31/2021565-9916N/A9/30/202155-7-10616N/A6/30/202153-20-11316N/A3/31/202157-24-11411N/A12/31/202060-29-1156N/A9/30/202065-26-1258N/A6/30/202069-24-1359N/A3/31/202067-27-16014N/A12/31/201966-31-18419N/A9/30/201959-25N/A15N/A6/30/201951-20N/A10N/A3/31/201946-15N/A5N/A12/31/201841-11N/A1N/A9/30/201841-13N/A2N/A6/30/201840-14N/A2N/A3/31/201840-14N/A2N/A12/31/201739-13N/A1N/A9/30/201738-10N/A2N/A6/30/201736-6N/A4N/A3/31/201732-3N/A5N/A12/31/2016280N/A7N/A9/30/201624-2N/A4N/A6/30/201620-3N/A2N/A3/31/201617-6N/A0N/A12/31/201513-9N/A-1N/A9/30/201510-4N/A-2N/A6/30/20158-2N/A-1N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: TOPSの予測収益成長が 貯蓄率 ( 3.5% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: TOPSの収益がUS市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: TOPSの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: TOPSの収益がUS市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: TOPSの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: TOPSの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YEnergy 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 15:19終値2026/05/20 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Top Ships Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Glenn LoddenDNB CarnegieTate SullivanMaxim GroupAdam FleckMorningstar Inc.
Price Target Changed • Nov 30Price target increased by 17% to US$42.00Up from US$36.00, the current price target is provided by 1 analyst. New target price is 249% above last closing price of US$12.05. Stock is down 72% over the past year. The company is forecast to post earnings per share of US$1.23 next year compared to a net loss per share of US$36.34 last year.
Major Estimate Revision • Feb 23Consensus EPS estimates fall by 204%The consensus outlook for fiscal year 2022 has been updated. 2022 expected loss increased from -US$2.17 to -US$6.60 per share. Revenue forecast of US$80.8m unchanged since last update. Oil and Gas industry in the US expected to see average net income decline 2.0% next year. Consensus price target of US$2.50 unchanged from last update. Share price fell 8.2% to US$0.80 over the past week.
Breakeven Date Change • Dec 31Forecast breakeven date pushed back to 2022The analyst covering Top Ships previously expected the company to break even in 2021. New forecast suggests the company will make a profit of US$27.3m in 2022. Average annual earnings growth of 63% is required to achieve expected profit on schedule.
Valuation Update With 7 Day Price Move • May 12Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to US$1.69, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 14x in the Oil and Gas industry in the US. Total loss to shareholders of 71% over the past three years.
New Risk • May 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (US$12.0m market cap).
New Risk • May 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (US$12.1m market cap).
New Risk • Apr 29New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.95m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Market cap is less than US$10m (US$9.95m market cap). Minor Risk Profit margins are more than 30% lower than last year (3.8% net profit margin).
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$2.50, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 15x in the Oil and Gas industry in the US. Total loss to shareholders of 59% over the past three years.
New Risk • Apr 04New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 5.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (US$14.8m market cap).
New Risk • Mar 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$14.5m market cap).
Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$5.40, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 13x in the Oil and Gas industry in the US. Total loss to shareholders of 51% over the past three years.
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$4.69, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 13x in the Oil and Gas industry in the US. Total loss to shareholders of 51% over the past three years.
お知らせ • Nov 18Top Ships Inc., Annual General Meeting, Dec 12, 2025Top Ships Inc., Annual General Meeting, Dec 12, 2025. Location: 20 iouliou kaisara str 19002, paiania, athens, greece, United States
Reported Earnings • Oct 09First half 2025 earnings released: EPS: US$1.64 (vs US$0.42 in 1H 2024)First half 2025 results: EPS: US$1.64 (up from US$0.42 in 1H 2024). Revenue: US$43.8m (up 4.1% from 1H 2024). Net income: US$7.56m (up 290% from 1H 2024). Profit margin: 17% (up from 4.6% in 1H 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.
Board Change • Aug 15High number of new directorsIndependent Director Maria Zoupou was the last director to join the board, commencing their role in 2025.
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 34%After last week's 34% share price gain to US$7.31, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 12x in the Oil and Gas industry in the US. Total loss to shareholders of 95% over the past three years.
New Risk • Jun 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$25.4m market cap).
Reported Earnings • Apr 15Full year 2024 earnings released: EPS: US$1.09 (vs US$12.44 loss in FY 2023)Full year 2024 results: EPS: US$1.09 (up from US$12.44 loss in FY 2023). Revenue: US$86.1m (up 3.8% from FY 2023). Net income: US$5.03m (up US$27.4m from FY 2023). Profit margin: 5.8% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.
New Risk • Feb 25New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (US$28.9m market cap).
お知らせ • Nov 08Top Ships Inc., Annual General Meeting, Dec 06, 2024Top Ships Inc., Annual General Meeting, Dec 06, 2024. Location: 20 iouliou kaisara str 19002, paiania, athens, greece, United States
Reported Earnings • Aug 12First half 2024 earnings released: EPS: US$0.42 (vs US$1.54 in 1H 2023)First half 2024 results: EPS: US$0.42 (down from US$1.54 in 1H 2023). Revenue: US$42.1m (up 2.2% from 1H 2023). Net income: US$1.94m (down 15% from 1H 2023). Profit margin: 4.6% (down from 5.6% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US.
お知らせ • Apr 24+ 1 more updateTop Ships Inc.(NYSEAM:TOPS) dropped from NASDAQ Composite IndexTop Ships Inc. has been dropped from NASDAQ Composite Index
Reported Earnings • Apr 01Full year 2023 earnings: Revenues in line with analyst expectationsFull year 2023 results: Revenue: US$82.9m (up 2.8% from FY 2022). Net income: US$6.07m (up US$15.3m from FY 2022). Profit margin: 7.3% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Oil and Gas industry in the US.
New Risk • Feb 27New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$1.9m sold). Market cap is less than US$100m (US$63.3m market cap).
New Risk • Feb 25New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$61.5m market cap).
お知らせ • Dec 15Top Ships Inc. (NasdaqCM:TOPS) announces an Equity Buyback for $4 million worth of its shares.Top Ships Inc. (NasdaqCM:TOPS) announces a share repurchase program. Under the program, the company will repurchase up to $4 million worth of its outstanding common shares. The program is valid for 3 months.
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improves as stock rises 24%After last week's 24% share price gain to US$12.64, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 97% over the past three years.
Price Target Changed • Nov 30Price target increased by 17% to US$42.00Up from US$36.00, the current price target is provided by 1 analyst. New target price is 249% above last closing price of US$12.05. Stock is down 72% over the past year. The company is forecast to post earnings per share of US$1.23 next year compared to a net loss per share of US$36.34 last year.
Recent Insider Transactions • Nov 24Founder recently bought US$444k worth of stockOn the 21st of November, Evangelos Pistiolis bought around 56k shares on-market at roughly US$7.95 per share. This transaction increased Evangelos' direct individual holding by 134x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Evangelos' only on-market trade for the last 12 months.
分析記事 • Nov 16Is Top Ships (NASDAQ:TOPS) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improves as stock rises 25%After last week's 25% share price gain to US$7.44, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 97% over the past three years.
New Risk • Nov 12New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.94m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (474% increase in shares outstanding). Market cap is less than US$10m (US$9.94m market cap).
お知らせ • Nov 01Top Ships Inc., Annual General Meeting, Nov 22, 2023Top Ships Inc., Annual General Meeting, Nov 22, 2023, at 10:00 E. Europe Standard Time. Location: offices of Central Mare Inc., 1 Vas. Sofias & Meg. Alexandrou Str., Maroussi-Athens 151 24, Greece Maroussi - Athen Greece Agenda: To elect two Class I Directors to serve until the 2026 Annual Meeting of Shareholders; to ratify the appointment of Deloitte Certified Public Accountants S.A., as the Company’s independent auditors for the fiscal year ending December 31, 2023; to approve one or more amendments to the Company’s Amended and Restated Articles of Incorporation to effect one or more reverse stock splits of the Company’s issued common shares at a ratio of not less than one-for-two and not more than one-for-250 and in the aggregate at a ratio of not more than one-for-250, inclusive, with the Board having the discretion as to whether or not one or more reverse stock splits is to be effected at any time prior to December 31, 2024, with the exact ratio to be set within this range to be determined by the Company’s board of directors or any duly constituted committee thereof, at any time after approval of each amendment in its discretion; and to transact such other business.
お知らせ • Oct 17Top Ships Inc. Announces Compliance with Nasdaq Minimum Bid Price RequirementTOP Ships Inc. announced that NASDAQ notified the Company that it has regained compliance with the minimum bid price requirement for the Nasdaq Capital Market, set forth in Nasdaq Listing Rule 5550(a)(2).
New Risk • Oct 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (474% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (US$15.4m market cap).
Valuation Update With 7 Day Price Move • Oct 16Investor sentiment improves as stock rises 37%After last week's 37% share price gain to US$8.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 97% over the past three years.
分析記事 • Oct 05Top Ships (NASDAQ:TOPS) Might Have The Makings Of A Multi-BaggerIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
分析記事 • Aug 11Is Top Ships (NASDAQ:TOPS) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Aug 11The Market Lifts Top Ships Inc. (NASDAQ:TOPS) Shares 26% But It Can Do MoreTop Ships Inc. ( NASDAQ:TOPS ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...
New Risk • Aug 06New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$15.1m market cap).
Reported Earnings • Aug 06First half 2023 earnings: EPS exceeds analyst expectationsFirst half 2023 results: EPS: US$0.13 (up from US$6.15 loss in 1H 2022). Revenue: US$41.1m (up 5.9% from 1H 2022). Net income: US$2.29m (up US$15.4m from 1H 2022). Profit margin: 5.6% (up from net loss in 1H 2022). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.8% decline forecast for the Oil and Gas industry in the US.
分析記事 • Jun 28Top Ships (NASDAQ:TOPS) Is Looking To Continue Growing Its Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Reported Earnings • Apr 08Full year 2022 earnings: Revenues in line with analyst expectationsFull year 2022 results: Revenue: US$80.7m (up 43% from FY 2021). Net loss: US$9.19m (down 270% from profit in FY 2021). Revenue was in line with analyst estimates. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% decline forecast for the Oil and Gas industry in the US.
Reported Earnings • Mar 03Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: US$3.03 loss per share. Revenue: US$80.7m (up 43% from FY 2021). Net income: US$18.9m (up 251% from FY 2021). Profit margin: 24% (up from 9.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 54%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% decline forecast for the Oil and Gas industry in the US.
Major Estimate Revision • Feb 23Consensus EPS estimates fall by 204%The consensus outlook for fiscal year 2022 has been updated. 2022 expected loss increased from -US$2.17 to -US$6.60 per share. Revenue forecast of US$80.8m unchanged since last update. Oil and Gas industry in the US expected to see average net income decline 2.0% next year. Consensus price target of US$2.50 unchanged from last update. Share price fell 8.2% to US$0.80 over the past week.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Chairman of the Board Stavros Emmanuel was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Oct 07The Return Trends At Top Ships (NASDAQ:TOPS) Look PromisingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Seeking Alpha • Oct 06TOP Ships stock dips on termination of ATM equity programTOP Ships (NASDAQ:TOPS) has announced termination of an "at-the-market" equity offering program. It issued a notice to terminate the equity distribution agreement for the sale of its common shares up to an aggregate amount of $19.7M with Maxim Group. The company will make no further sales under the program. Net proceeds from sales under the program amounted to ~$2M. TOPS shares were down 11% shortly before 12.30PM ET
Seeking Alpha • Sep 28TOP Ships reports 1H resultsTOP Ships press release (NASDAQ:TOPS): 1H Net Income of $8.6M Revenue of $38.8M (+53.3% Y/Y). Adjusted EBITDA of $26.9M Shares +18% PM.
Seeking Alpha • Sep 21TOP Ships gains 17% aftermarket on 1-for-20 reverse stock splitTOP Ships (NASDAQ:TOPS) gained 17% after hours on Wednesday after the firm said it will effect a 1-for-20 reverse stock split. The reverse stock split is expected to take effect, and TOPS shares will begin trading on a split-adjusted basis on Nasdaq Capital Market, as of market open on Sept. 23 under the existing ticker "TOPS". This will reduce the number of outstanding shares from ~56.7M shares to ~2.8M shares. No fractional shares will be issued in connection with the reverse split.
分析記事 • Apr 28Top Ships' (NASDAQ:TOPS) Solid Earnings May Rest On Weak FoundationsTop Ships Inc.'s ( NASDAQ:TOPS ) robust recent earnings didn't do much to move the stock. However the statutory profit...
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Chairman of the Board Stavros Emmanuel was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Seeking Alpha • Mar 21Shipping Is Hot, Top Ships Is Still A Casino Stock With No ValueGiven the company's history of dilution and penchant for death spiral financing, we caution investors to steer clear of this security. We foolishly believed in the company in the 2014-2015 period until we were blatantly burned. A discussion of Net Asset Value and company fundamentals is irrelevant with a leadership team that benefits from increased scale through commissions, management fees, etc while shareholder dilution continue unabated. In short, fool me once, shame on you; fool me twice, shame on me.
Reported Earnings • Mar 16Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: US$56.4m (down 6.4% from FY 2020). Net income: US$8.62m (up US$37.4m from FY 2020). Profit margin: 15% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 47%, compared to a 21% growth forecast for the oil industry in the US.
分析記事 • Jan 25Top Ships' (NASDAQ:TOPS) Returns On Capital Are Heading HigherWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Breakeven Date Change • Dec 31Forecast breakeven date pushed back to 2022The analyst covering Top Ships previously expected the company to break even in 2021. New forecast suggests the company will make a profit of US$27.3m in 2022. Average annual earnings growth of 63% is required to achieve expected profit on schedule.
Board Change • Dec 03Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Chairman of the Board Stavros Emmanuel was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Dec 02Here's Why Top Ships (NASDAQ:TOPS) Is Weighed Down By Its Debt LoadWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • Sep 11First half 2021 earnings released: EPS US$0.019 (vs US$1.09 loss in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: US$25.3m (down 22% from 1H 2020). Net income: US$767.0k (up US$8.73m from 1H 2020). Profit margin: 3.0% (up from net loss in 1H 2020).
分析記事 • May 08Returns On Capital Are Showing Encouraging Signs At Top Ships (NASDAQ:TOPS)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Reported Earnings • Apr 26Full year 2020 earnings released: US$1.22 loss per share (vs US$265 loss in FY 2019)The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: US$60.2m (down 8.9% from FY 2019). Net loss: US$28.8m (loss narrowed 7.1% from FY 2019).
Is New 90 Day High Low • Jan 30New 90-day high: US$2.10The company is up 106% from its price of US$1.02 on 30 October 2020. The American market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 37% over the same period.
Is New 90 Day High Low • Jan 13New 90-day high: US$1.72The company is up 48% from its price of US$1.16 on 14 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 39% over the same period.
Is New 90 Day High Low • Dec 05New 90-day high: US$1.65The company is up 50% from its price of US$1.10 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 11% over the same period.
Is New 90 Day High Low • Sep 24New 90-day low: US$1.07The company is down 68% from its price of US$3.37 on 26 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 16% over the same period.