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Company Analysis

TOP Ships, Inc. TOPS

A comprehensive view of key metrics, scores, and financial health for TOP Ships, Inc.

Overview of Top Ships Inc.

TOPS ASE
Energy Oil & Gas Midstream Micro Cap
Top Ships Inc. (TOPS), is a Micro Cap company, in the Oil & Gas Midstream industry, last closed at $3.60, about 624.4% undervalued vs fair value, -40.4% 1Y return, ranked 196/254 in sector.
$3.60
10.43%
As of March 13, 2026
Previous close • Vol 90d: 60.0%
52-Week Range
Market Cap
$20.40M
Enterprise Value
$264.18M
Overall Score
Scores locked

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Top Beats

Quick Facts

Website https://www.topships.org
HQ Athens
Fiscal year Dec 31

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull
$23
$26
$29
Current: $3.60 +624% vs base

Engine Room Money Flow™

Micro Cap

Commodities & Mining - Where revenue goes and how value is created

Flow Steps
Revenue
None
3.8%%
Gross Profit
$37.7M
0.1%%
Operating Income
$27.9M
-2.9%%
EBITDA
None
-2.5%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Commodities & Mining

Quality & Reliability Indicators

Cash Conversion Ratio
3.44x
Excellent

Free cash flow relative to net income

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$43.9M
253.5% of FCF

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
4
Active Leaks
0/4
Improving
2
High Impact
2
Critical
Locked Leak
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Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating TOP Ships, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
45
/100
Developing
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Developing
50
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Generic Industrial / Default vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing TOPS's balance between Growth (40.1%), Profitability (27.4%), and Safety (32.5%). Growth 40% Safety 32% Profitability 27%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

54th percentile vs peers
55
Key Signals
Revenue CAGR 3Y 15.2% 77p EPS Growth YoY 1.09 93p Rev Growth YoY 3.8% 55p EPS CAGR 3Y -68.1% 1p TSR -96.1% 1p
Strengths
  • Eps Growth Yoy in top 20% of peers (1.09, 93th percentile)
  • Net Debt/Ebitda in top 20% of peers (5.15, 81th percentile)
  • Debt/Fcf Ratio in top 20% of peers (15.33, 82th percentile)
  • Consistently strong margins across 3 metrics
  • Conservative leverage compared to industry peers
Risks

No significant risks identified for this axis.

Profitability

37th percentile vs peers
38
Key Signals
Strengths
Risks
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Safety

44th percentile vs peers
45
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for TOP Ships, Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$26.08
- - -
+624.4% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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