Top Ships Inc. owns and operates tanker vessels worldwide.
Top Ships Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$1.52|
|52 Week High||US$1.00|
|52 Week Low||US$3.89|
|1 Month Change||21.60%|
|3 Month Change||-6.17%|
|1 Year Change||43.40%|
|3 Year Change||-99.74%|
|5 Year Change||-100.00%|
|Change since IPO||-100.00%|
Recent News & Updates
Returns 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...
Top Ships: Cheap For Good Reason With Dilution Likely To Resume Later This Year - Avoid
Photo by Suriyapong Thongsawang/iStock via Getty Images Note: I have covered Top Ships (NASDAQ:TOPS) previously, so investors should view this as an update to my earlier articles on the company. Eighteen months ago, I advised investors to avoid shares of Greece-based tanker operator Top Ships as I rightfully suspected the
|TOPS||US Oil and Gas||US Market|
Return vs Industry: TOPS underperformed the US Oil and Gas industry which returned 72.7% over the past year.
Return vs Market: TOPS exceeded the US Market which returned 35.3% over the past year.
Stable Share Price: TOPS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: TOPS's weekly volatility has decreased from 15% to 8% over the past year.
About the Company
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, 2020, it had a fleet with a total capacity of 672,396 deadweight tonnes (dwt) consisting of four 50,000 dwt product/chemical tankers and three 157,000 dwt tankers.
Top Ships Fundamentals Summary
|TOPS fundamental statistics|
Is TOPS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TOPS income statement (TTM)|
|Cost of Revenue||US$25.10m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.50|
|Net Profit Margin||-37.87%|
How did TOPS perform over the long term?See historical performance and comparison
Is Top Ships undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate TOPS's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate TOPS's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: TOPS is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.
PE vs Market: TOPS is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TOPS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TOPS is good value based on its PB Ratio (0.5x) compared to the US Oil and Gas industry average (1.9x).
How is Top Ships forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TOPS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: TOPS is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TOPS's is expected to become profitable in the next 3 years.
Revenue vs Market: TOPS's revenue (18.9% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: TOPS's revenue (18.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TOPS's Return on Equity is forecast to be high in 3 years time
How has Top Ships performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TOPS is currently unprofitable.
Growing Profit Margin: TOPS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TOPS is unprofitable, and losses have increased over the past 5 years at a rate of 35.3% per year.
Accelerating Growth: Unable to compare TOPS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TOPS is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.4%).
Return on Equity
High ROE: TOPS has a negative Return on Equity (-14.59%), as it is currently unprofitable.
How is Top Ships's financial position?
Financial Position Analysis
Short Term Liabilities: TOPS's short term assets ($35.7M) do not cover its short term liabilities ($53.1M).
Long Term Liabilities: TOPS's short term assets ($35.7M) do not cover its long term liabilities ($174.9M).
Debt to Equity History and Analysis
Debt Level: TOPS's debt to equity ratio (124.4%) is considered high.
Reducing Debt: TOPS's debt to equity ratio has reduced from 184.9% to 124.4% over the past 5 years.
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.
Stable Cash Runway: TOPS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TOPS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 24% each year
What is Top Ships's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TOPS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TOPS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TOPS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TOPS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TOPS's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Evangelos Pistiolis (48 yo)
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 inv...
Experienced Management: TOPS's management team is seasoned and experienced (14.8 years average tenure).
Experienced Board: TOPS's board of directors are considered experienced (7.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Ships Inc.'s employee growth, exchange listings and data sources
- Name: Top Ships Inc.
- Ticker: TOPS
- Exchange: NasdaqCM
- Founded: 2000
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: US$60.545m
- Shares outstanding: 39.83m
- Website: https://www.topships.org
Number of Employees
- Top Ships Inc.
- 1 Vasilisis Sofias & Megalou Alexandro S
- 151 24
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 23:02|
|End of Day Share Price||2021/09/27 00:00|
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.