-2.94%
-0.40%
-23.23%
-33.94%
-55.85%
-96.93%
-99.85%
AI Spotlight on TOPS
Company 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, 2020, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers.The company was formerly known as Top Tankers Inc.and changed its name to Top Ships Inc.
in December 2007.Top Ships Inc.was incorporated in 2000 and is based in Maroussi, Greece.
Market Data
| Last Price | 6.11 |
| Change Percentage | -2.94% |
| Open | 6.44 |
| Previous Close | 6.29 |
| Market Cap ( Millions) | 28 |
| Volume | 13530 |
| Year High | 14.94 |
| Year Low | 5.3 |
| M A 50 | 6.77 |
| M A 200 | 9.43 |
Financial Ratios
| FCF Yield | 56.29% |
| Dividend Yield | 0.00% |
| ROE | -13.45% |
| Debt / Equity | 142.24% |
| Net Debt / EBIDTA | 763.80% |
| Price To Book | 0.07 |
| Price Earnings Ratio | -0.5 |
| Price To FCF | 1.78 |
| Price To sales | 0.68 |
| EV / EBITDA | 8.6 |
News
- Aug -15 - AUXLY ACHIEVES NEW REVENUE AND PROFITABILITY RECORDS IN Q2 2024 AND TOPS CHARTS IN ALL-IN-ONE VAPE SALES
- Jul -25 - Top Ships Inc. Announces Time Charter Extensions at Very Strong Rates and Revenue of $100 Million
- May -03 - Top 3 Energy Stocks That Could Blast Off This Month - RPC (NYSE:RES)
- May -02 - TOP Ships Inc. Announces Commencement of Time Charter at Very Strong Rate an Increase of 36% Over Previous Time Charter
- Apr -11 - TOP Ships Inc. Announces Transfer of Listing to the NYSE American LLC
- Apr -01 - Top Ships Inc. Announces Filing of 2023 Annual Report on Form 20-F
- Feb -07 - TOP Ships Inc. Announces Vessel Refinancings and Full Redemption of Series F Perpetual Preferred Shares Held by Related Party
- Dec -14 - TOP Ships Announces Share Repurchase Program
- Dec -12 - Top Ships Announces Increase From Previously Announced Management Estimate of Net Asset Value to $344 Million and Contracted Revenue Backlog of $400 Million
- Dec -07 - TOP Ships Announces Increase in Shareholding by Pistiolis Family to 73% Via Full Conversion of Preferred Shares and Open-Market Purchases Demonstrating the CEO'S Commitment to the Company
- Nov -22 - TOP Ships Inc. Announces Extension of Time Charter Employment for Two VLCC Tankers
- Oct -16 - Top Ships Inc. Announces Compliance with NASDAQ Minimum Bid Price Requirement
- Sep -28 - TOP Ships Announces Reverse Stock Split
- Aug -04 - TOP Ships Announces Management Estimate of Net Asset Value of $285 Million, Net Asset Value per Share of $14.02 and Diluted Net Asset Value per Share of $4.97
- Aug -03 - Top Ships Announces Profit of $5.8 Million and an EPS of $0.13 for the 1st Half of 2023 Marking its Fifth Consecutive Profitable Six-Month Period
- Jun -23 - Top Ships: Proposed Suezmax Tanker Spin-Off Represents An Interesting Speculation
- Mar -09 - What Do Penny Stocks Offer Over Blue Chips?
- Mar -03 - 10 Penny Stocks Under $1 To Watch Now, Time To Buy?
- Mar -01 - 7 Penny Stocks Under $1 To Watch Now, Time To Buy?
- Feb -13 - Why Is Top Ships (TOPS) Stock Up 30% Today?
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Oil, Petroleum Products and Chemicals Transportation Services
Expected Growth : 6.0 %
What the company do ?
Top Ships Inc. provides oil, petroleum products, and chemicals transportation services, offering marine transportation solutions for the energy industry.
Why we expect these perspectives ?
Top Ships Inc.'s 6.0% growth in Oil, Petroleum Products and Chemicals Transportation Services is driven by increasing global demand for energy, rising crude oil production, and growing petrochemical consumption. Additionally, the company's strategic fleet expansion, improved operational efficiency, and favorable charter rates also contribute to the growth.
Top Ships Inc. Products
| Product Range | What is it ? |
|---|---|
| Tanker Vessels | Top Ships Inc. operates a fleet of tanker vessels that transport crude oil, petroleum products, and other liquids worldwide. |
| Dry Bulk Vessels | The company operates a fleet of dry bulk vessels that transport dry bulk commodities such as iron ore, coal, and grains. |
| Container Vessels | Top Ships Inc. operates a fleet of container vessels that transport containerized cargo such as electronics, clothing, and machinery. |
| Ship Management Services | The company provides ship management services, including technical management, crew management, and commercial management. |
| Vessel Chartering | Top Ships Inc. offers vessel chartering services, providing vessels for short-term or long-term charter to customers. |
Top Ships Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for Top Ships Inc. is medium due to the availability of alternative transportation methods, but the company's specialized services and strong customer relationships mitigate this threat.
Bargaining Power Of Customers
The bargaining power of customers is low for Top Ships Inc. due to the company's strong market position and long-term contracts with customers.
Bargaining Power Of Suppliers
The bargaining power of suppliers is medium for Top Ships Inc. due to the company's dependence on a few key suppliers, but the company's large scale of operations and strong relationships with suppliers mitigate this threat.
Threat Of New Entrants
The threat of new entrants is low for Top Ships Inc. due to the high barriers to entry in the shipping industry, including significant capital requirements and regulatory hurdles.
Intensity Of Rivalry
The intensity of rivalry is high for Top Ships Inc. due to the competitive nature of the shipping industry, with many established players competing for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 58.12% |
| Debt Cost | 8.31% |
| Equity Weight | 41.88% |
| Equity Cost | 12.23% |
| WACC | 9.95% |
| Leverage | 138.77% |
Top Ships Inc. : Quality Control
Top Ships Inc. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| CADLR.OL | Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. The company also provides wind farm maintenance, construction, decommissioning, and other tasks within the offshore industry. … |
| KNOP | KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, discharge, and storage of crude oil … |
| GLBS | Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, … |
| SHIP | Seanergy Maritime Holdings Corp., a shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 17 Capesize vessels with a cargo-carrying capacity of … |
| SOFF.OL | Solstad Offshore ASA operates offshore service and construction vessels for offshore and renewable energy industry worldwide. It provides platform supply vessel, anchor handling vessel, subsea construction, and renewable energy services. … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Seanergy Maritime Holdings
A-Score
1-Year Total Return ->
🥈
Cadeler
A-Score
1-Year Total Return ->
🥉
KNOT Offshore Partners
A-Score
1-Year Total Return ->
4
Solstad Offshore
A-Score
1-Year Total Return ->
5
Top Ships
A-Score
1-Year Total Return ->
6
