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Top Ships

Nasdaq:TOPS
Snowflake Description

Reasonable growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TOPS
Nasdaq
$13M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Top Ships Inc. owns and operates tanker vessels worldwide. The last earnings update was 82 days ago. More info.


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  • Top Ships has significant price volatility in the past 3 months.
TOPS Share Price and Events
7 Day Returns
-4.2%
NasdaqCM:TOPS
-0.3%
US Oil and Gas
0.1%
US Market
1 Year Returns
-56.6%
NasdaqCM:TOPS
-18.2%
US Oil and Gas
1.2%
US Market
TOPS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Top Ships (TOPS) -4.2% -28.7% -43.8% -56.6% -100% -100%
US Oil and Gas -0.3% -4.5% -8.2% -18.2% -7.6% -40.3%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • TOPS underperformed the Oil and Gas industry which returned -18.2% over the past year.
  • TOPS underperformed the Market in United States of America which returned 1.2% over the past year.
Price Volatility
TOPS
Industry
5yr Volatility vs Market

TOPS Value

 Is Top Ships undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Top Ships. This is due to cash flow or dividend data being unavailable. The share price is $0.46.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Top Ships's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Top Ships's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:TOPS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.61
NasdaqCM:TOPS Share Price ** NasdaqCM (2019-06-18) in USD $0.46
United States of America Oil and Gas Industry PE Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 12.76x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Top Ships.

NasdaqCM:TOPS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:TOPS Share Price ÷ EPS (both in USD)

= 0.46 ÷ -0.61

-0.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Top Ships is loss making, we can't compare its value to the US Oil and Gas industry average.
  • Top Ships is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Top Ships's expected growth come at a high price?
Raw Data
NasdaqCM:TOPS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
98.4%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 79 Publicly-Listed Oil and Gas Companies 0.37x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Top Ships, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Top Ships's assets?
Raw Data
NasdaqCM:TOPS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $4.53
NasdaqCM:TOPS Share Price * NasdaqCM (2019-06-18) in USD $0.46
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqCM:TOPS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:TOPS Share Price ÷ Book Value per Share (both in USD)

= 0.46 ÷ 4.53

0.1x

* Primary Listing of Top Ships.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Top Ships is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Top Ships's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Top Ships has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TOPS Future Performance

 How is Top Ships expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
98.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Top Ships expected to grow at an attractive rate?
  • Top Ships's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Top Ships's earnings growth is expected to exceed the United States of America market average.
  • Top Ships's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:TOPS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:TOPS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 98.4%
NasdaqCM:TOPS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.6%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:TOPS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:TOPS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 54 13 2 1
2020-12-31 54 12 4 1
2019-12-31 49 1 1 1
NasdaqCM:TOPS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 41 1 -11
2018-09-30 41 2 -13
2018-06-30 40 2 -14
2018-03-31 40 2 -14
2017-12-31 39 1 -13
2017-09-30 38 2 -10
2017-06-30 36 4 -6
2017-03-31 32 5 -3
2016-12-31 28 7 0
2016-09-30 24 4 -2
2016-06-30 20 2 -3
2016-03-31 17 0 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Top Ships's earnings are expected to grow significantly at over 20% yearly.
  • Top Ships's revenue is expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:TOPS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Top Ships Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:TOPS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.05 0.05 0.05 1.00
2020-12-31 0.08 0.08 0.08 1.00
2019-12-31 0.01 0.01 0.01 1.00
NasdaqCM:TOPS Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.61
2018-09-30 -0.55
2018-06-30 -1.60
2018-03-31 -0.72
2017-12-31 -12.61
2017-09-30 -1.11
2017-06-30
2017-03-31 -237.47
2016-12-31
2016-09-30
2016-06-30
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Top Ships will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Top Ships's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Top Ships has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TOPS Past Performance

  How has Top Ships performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Top Ships's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Top Ships does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Top Ships's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Top Ships's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Top Ships's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Top Ships Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:TOPS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 41.05 -11.13 16.42
2018-09-30 40.56 -12.66 15.30
2018-06-30 40.06 -14.18 14.18
2018-03-31 39.71 -13.79 13.18
2017-12-31 39.36 -13.40 12.19
2017-09-30 37.58 -9.95 11.64
2017-06-30 35.79 -6.49 11.09
2017-03-31 32.11 -3.42 8.70
2016-12-31 28.43 -0.35 6.31
2016-09-30 24.22 -1.60 5.54
2016-06-30 20.01 -2.86 6.24
2016-03-31 16.54 -5.68 6.50
2015-12-31 13.08 -8.51 6.04
2015-09-30 10.39 -4.50 6.37
2015-06-30 7.68 -2.05 5.67
2015-03-31 5.50 0.16 4.26
2014-12-31 3.60 2.90 3.04
2014-09-30 1.39 -4.51 4.19
2014-06-30 6.46 -3.49 3.80
2014-03-31 13.05 -1.26 4.40
2013-12-31 20.07 1.41 4.61
2013-09-30 29.84 -25.02 3.76
2013-06-30 30.92 -57.83 4.49
2013-03-31 31.53 -60.43 6.54
2012-12-31 31.43 -63.98 8.80
2012-09-30 29.18 -25.20 11.15
2012-06-30 34.56 -14.07 14.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Top Ships has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Top Ships has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Top Ships improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Top Ships's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Top Ships has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TOPS Health

 How is Top Ships's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Top Ships's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Top Ships's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Top Ships's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Top Ships's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Top Ships Company Filings, last reported 5 months ago.

NasdaqCM:TOPS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 104.28 140.66 0.06
2018-09-30 104.28 140.66 0.06
2018-06-30 98.67 105.95 0.58
2018-03-31 98.67 105.95 0.58
2017-12-31 107.27 103.95 24.08
2017-09-30 107.27 103.95 24.08
2017-06-30 73.91 105.19 1.59
2017-03-31 73.91 105.19 1.59
2016-12-31 47.26 84.54 0.13
2016-09-30 47.26 84.54 0.13
2016-06-30 38.59 71.38 0.55
2016-03-31 38.59 71.38 0.55
2015-12-31 34.15 24.23 2.67
2015-09-30 34.15 24.23 2.67
2015-06-30 37.23 0.00 0.20
2015-03-31 37.23 0.00 0.20
2014-12-31 42.53 19.42
2014-09-30 40.09 25.97 7.18
2014-06-30 39.22 21.07 13.64
2014-03-31 27.44 1.42 2.48
2013-12-31 14.80 1.70 9.71
2013-09-30
2013-06-30 17.65 145.92
2013-03-31 13.08 158.84
2012-12-31 13.08 158.84
2012-09-30 13.08 158.84
2012-06-30 74.90 174.38
  • Top Ships's level of debt (134.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (11.3% vs 134.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Top Ships has less than a year of cash runway based on current free cash flow.
  • Top Ships has less than a year of cash runway if free cash flow continues to reduce at historical rates of -18.9% each year.
X
Financial health checks
We assess Top Ships's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Top Ships has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TOPS Dividends

 What is Top Ships's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Top Ships dividends.
If you bought $2,000 of Top Ships shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Top Ships's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Top Ships's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:TOPS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:TOPS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Top Ships has not reported any payouts.
  • Unable to verify if Top Ships's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Top Ships's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Top Ships has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Top Ships's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Top Ships afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Top Ships has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TOPS Management

 What is the CEO of Top Ships's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Evangelos Pistiolis
AGE 45
TENURE AS CEO 14.9 years
CEO Bio

Mr. Evangelos J. Pistiolis founded Top Ships Inc. in 2000 and has been its Chief Executive Officer, President and Director nce July 2004. Mr. Pistiolis's career in shipping started in 1992, when he was involved with the day to day operations of a small fleet of dry bulk carriers. From 1994 to 1995, he worked for Howe Robinson & Co. Ltd., a London shipbroker specializing in container vessels. While studying at the Southampton Institute of Higher Education, Mr. Pistiolis oversaw the daily operations of Compass United Maritime Container Vessels, a ship management company located in Greece. Mr. Pistiolis graduated from Southampton Institute of Higher Education in 1999 where he studied shipping operations and from Technical University of Munich in 1994 with a Bachelor's degree in Mechanical Engineering.

CEO Compensation
  • Insufficient data for Evangelos to compare compensation growth.
  • Insufficient data for Evangelos to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Top Ships management team in years:

12.5
Average Tenure
44.5
Average Age
  • The average tenure for the Top Ships management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Evangelos Pistiolis

TITLE
Founder
AGE
45
TENURE
14.9 yrs

Alexandros Tsirikos

TITLE
CFO, Treasurer & Executive Director
AGE
44
TENURE
10.2 yrs

Konstantinos Patistas

TITLE
Chief Technical Officer
AGE
44
TENURE
1.4 yrs

Eirini Alexandropoulou

TITLE
Secretary
AGE
46
TENURE
14.8 yrs
Board of Directors Tenure

Average tenure and age of the Top Ships board of directors in years:

5.2
Average Tenure
45
Average Age
  • The tenure for the Top Ships board of directors is about average.
Board of Directors

Stavros Emmanuel

TITLE
Chairman of the Board
AGE
76
TENURE
0.6 yrs

Evangelos Pistiolis

TITLE
Founder
AGE
45
TENURE
14.9 yrs

Alexandros Tsirikos

TITLE
CFO, Treasurer & Executive Director
AGE
44
TENURE
10.6 yrs

Konstantinos Karelas

TITLE
Independent Non-Executive Director
AGE
45
TENURE
5.2 yrs

Paolo Javarone

TITLE
Independent Non-Executive Director
AGE
46
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Top Ships's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Top Ships has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TOPS News

Simply Wall St News

What You Must Know About Top Ships Inc's (NASDAQ:TOPS) Financial Strength

How does TOPS’s operating cash flow stack up against its debt? … Moreover, TOPS has produced US$695.00K in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 0.67%, signalling that TOPS’s debt is not appropriately covered by operating cash. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: At its current level of cash flow coverage, TOPS has room for improvement to better cushion for events which may require debt repayment.

Simply Wall St -

Does Top Ships Inc (NASDAQ:TOPS) Fall With The Market?

Top Ships has a beta of 1.17, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements. … TOPS, with its market capitalisation of US$29.36M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

Who Are The Largest Shareholders In Top Ships Inc (NASDAQ:TOPS)?

A company's ownership structure is often linked to its share performance in both the long- and short-term. … Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … Next Steps: With a low level of institutional ownership, investors in TOPS need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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Is Top Ships Inc's (NASDAQ:TOPS) Balance Sheet A Threat To Its Future?

Does TOPS generate an acceptable amount of cash through operations? … Over the past year, TOPS has ramped up its debt from US$84.54M to US$103.95M – this includes both the current and long-term debt. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: At its current level of cash flow coverage, TOPS has room for improvement to better cushion for events which may require debt repayment.

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Want To Invest In Top Ships Inc (NASDAQ:TOPS)? Here's How It Performed Lately

Today I will assess TOPS's recent performance announced on 30 June 2017 and evaluate these figures to its longer term trend and industry movements. … For the purpose of this commentary, I like to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated?

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How Does Top Ships Inc (TOPS)’s Prospect Stack Up Next To Its Oil & Gas Peers?

Only now has the sector begun to emerge from its turmoil, and over the past year, the industry turnaround led to growth of 3.71%, though still underperforming the wider US stock market. … The industry is trading relatively in-line with the market, which means you may be paying a fair value for the energy stocks should you wish to accumulate more of your holdings. … The high growth prospect makes stocks such as TOPS a more appealing investment case, though the industry is trading relatively in-line with the rest of the wider marker.

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TOPS Company Info

Description

Top Ships Inc. owns and operates tanker vessels worldwide. The company’s medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2018, it had a fleet of two bareboat chartered-in 50,000 deadweight ton (dwt) product/chemical tankers vessels, the M/T Stenaweco Energy and the M/T Stenaweco Evolution; two 39,000 dwt product/chemical tankers vessels, the M/T Eco Fleet and the M/T Eco Revolution; six 50,000 dwt product/chemical tankers, the M/T Stenaweco Excellence, M/T Nord Valiant, M/T Stenaweco Elegance, the M/T Eco Palm Desert, the M/T Eco California, and the M/T Eco Marina Del Ray; two 50,000 dwt product/chemical tankers, the M/T Eco Holmby Hills and the M/T Palm Springs; and a 157,000 dwt Suezmax vessel M/T Eco Bel Air. The company was formerly known as Top Tankers Inc. and changed its name to Top Ships Inc. in December 2007. Top Ships Inc. was founded in 2000 and is based in Maroussi, Greece.

Details
Name: Top Ships Inc.
TOPS
Exchange: NasdaqCM
Founded: 2000
$12,592,208
27,374,367
Website: http://www.topships.org
Address: Top Ships Inc.
1 Vasilisis Sofias and Megalou Alexandrou Street,
Maroussi,
151 24,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM TOPS Common Stock Nasdaq Capital Market US USD 23. Jul 2004
DB UERV Common Stock Deutsche Boerse AG DE EUR 23. Jul 2004
Number of employees
Current staff
Staff numbers
1
Top Ships employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 23:54
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/03/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.