Top Ships Inc. (TOPS)

NASDAQ: TOPS · IEX Real-Time Price · USD
0.400
+0.008 (2.04%)
At close: Jun 24, 2022 4:00 PM
0.410
+0.010 (2.500%)
After-hours: Jun 24, 2022 7:57 PM EDT

Total Valuation

Top Ships has a market cap or net worth of $16.97 million. The enterprise value is $290.73 million.

Market Cap 16.97M
Enterprise Value 290.73M

Important Dates

The next earnings date is Monday, June 27, 2022, before market open.

Estimated Earnings Date Jun 27, 2022
Ex-Dividend Date n/a

Share Statistics

Top Ships has 42.42 million shares outstanding.

Shares Outstanding 42.42M
Shares Change (YoY) n/a
Shares Change (QoQ) n/a
Owned by Insiders (%) 0.18%
Owned by Institutions (%) 0.71%
Float 39.83M

Valuation Ratios

PE Ratio 2.96
Forward PE n/a
PS Ratio 0.26
PB Ratio 0.19
P/FCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 4.40
EV / EBITDA 16.88
EV / EBIT 87.99
EV / FCF n/a

Financial Position

The company has a current ratio of 0.67, with a Debt / Equity ratio of 3.18.

Current Ratio 0.67
Quick Ratio 0.08
Debt / Equity 3.18
Debt / EBITDA 16.20
Debt / FCF n/a

Financial Efficiency

Return on equity (ROE) is -32.30%, which is considered low.

Return on Equity (ROE) -32.30%
Return on Assets (ROA) -8.80%
Return on Capital (ROIC) n/a
Revenue Per Employee $66.09M
Profits Per Employee -$30.99M
Employee Count 1
Asset Turnover 0.19
Inventory Turnover n/a

Taxes

Income Tax n/a
Effective Tax Rate n/a

Stock Price Statistics

The stock price has decreased by -75.74% in the last 52 weeks. The beta is -0.28, so Top Ships's price volatility has been lower than the market average.

Beta (1Y) -0.28
52-Week Price Change -75.74%
50-Day Moving Average 0.58
200-Day Moving Average 0.85
Average Volume (30 Days) 612,838

Short Selling Information

The latest short interest is 840,015, so 1.98% of the outstanding shares have been sold short.

Short Interest 840,015
Short % of Shares Out 1.98%
Short % of Float 2.11%
Short Ratio (days to cover) 1.85

Income Statement

In the last 12 months, Top Ships had revenue of $66.09 million and -30.99 million in losses. Earnings per share was $0.14.

Revenue 66.09M
Gross Profit 33.21M
Operating Income 3.94M
Net Income -14.77M
Net Income Common -30.99M
EBITDA 17.22M
EBIT 3.30M
Earnings Per Share (EPS) $0.14
Full Income Statement

Balance Sheet

The company has $5.27 million in cash and $279.03 million in debt, giving a net cash position of -$273.76 million or -$6.45 per share.

Cash & Cash Equivalents 5.27M
Total Debt 279.03M
Net Cash -273.76M
Net Cash Per Share -$6.45
Book Value 87.67M
Book Value Per Share 2.07
Working Capital -24.68M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $19.19 million and capital expenditures -$48.14 million, giving a free cash flow of -$28.95 million.

Operating Cash Flow 19.19M
Capital Expenditures -48.14M
Free Cash Flow -28.95M
FCF Per Share n/a
Full Cash Flow Statement

Margins

Gross margin is 50.25%, with operating and profit margins of 5.96% and -46.88%.

Gross Margin 50.25%
Operating Margin 5.96%
Pretax Margin n/a
Profit Margin -46.88%
EBITDA Margin 26.06%
EBIT Margin 5.00%
FCF Margin -43.80%

Dividends & Yields

Top Ships does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Earnings Yield -182.60%
FCF Yield -170.59%
Dividend Growth (YoY) n/a
Payout Ratio n/a
Buyback Yield n/a
Shareholder Yield n/a
Dividend Details

Analyst Forecast

Price Target n/a
Price Target Difference n/a
Analyst Consensus Sell
Analyst Count 6
Stock Forecasts

Stock Splits

The last stock split was on August 10, 2020. It was a reverse split with a ratio of 1:25.

Last Split Date Aug 10, 2020
Split Type Reverse
Split Ratio 1:25