Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- About
TOP Ships Inc. (TOPS)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
01/09/2026: TOPS (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
1 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $29
1 Year Target Price $29
| 0 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -47.78% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 24.89M USD | Price to earnings Ratio 2.34 | 1Y Target Price 29 |
Price to earnings Ratio 2.34 | 1Y Target Price 29 | ||
Volume (30-day avg) 1 | Beta 2.22 | 52 Weeks Range 4.45 - 11.47 | Updated Date 01/10/2026 |
52 Weeks Range 4.45 - 11.47 | Updated Date 01/10/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.3 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 12.13% | Operating Margin (TTM) 41.64% |
Management Effectiveness
Return on Assets (TTM) 4.65% | Return on Equity (TTM) 7.94% |
Valuation
Trailing PE 2.34 | Forward PE - | Enterprise Value 288231559 | Price to Sales(TTM) 0.28 |
Enterprise Value 288231559 | Price to Sales(TTM) 0.28 | ||
Enterprise Value to Revenue 3.28 | Enterprise Value to EBITDA 9.68 | Shares Outstanding 4626197 | Shares Floating 1254763 |
Shares Outstanding 4626197 | Shares Floating 1254763 | ||
Percent Insiders 72.88 | Percent Institutions 1.34 |
Upturn AI SWOT
TOP Ships Inc.
Company Overview
History and Background
TOP Ships Inc. (TOP) is an international owner and operator of maritime vessels. Founded in 2000, the company has focused on expanding its fleet of oil and chemical tankers. Significant milestones include its initial public offering on the NASDAQ stock exchange and subsequent fleet acquisitions and expansions aimed at capturing growth in the global energy transportation market. Over time, TOP Ships Inc. has navigated volatile shipping markets, adapting its strategy to leverage opportunities in both crude oil and product tanker segments.
Core Business Areas
- Oil Tanker Operations: TOP Ships Inc. operates a fleet of oil tankers, primarily focused on transporting crude oil and refined petroleum products globally. These vessels are crucial for the movement of energy resources from producing regions to consumption centers. The company generates revenue through time charters and spot market voyages.
- Chemical Tanker Operations: The company also manages a fleet of chemical tankers, which are designed to transport a wide range of liquid chemicals. This segment requires specialized vessels and adherence to strict safety and environmental regulations due to the nature of the cargo.
Leadership and Structure
TOP Ships Inc. is led by a management team responsible for strategic direction, fleet management, and financial oversight. As a publicly traded company, it operates under a board of directors overseeing corporate governance. Specific names of current leadership would require real-time financial data access, which is beyond the scope of this static analysis.
Top Products and Market Share
Key Offerings
- Oil Tanker Services: TOP Ships Inc. offers transportation services for crude oil and refined petroleum products using its fleet of oil tankers. The company's market share in the overall oil tanker market is a small fraction of the global total, given the vast number of players and vessels. Key competitors include major shipping companies like Euronav NV (EURN), Frontline Ltd. (FRO), and International Seaways Inc. (INSW).
- Chemical Tanker Services: The company provides shipping solutions for various liquid chemicals. Similar to the oil tanker market, TOP Ships Inc.'s share in the specialized chemical tanker segment is limited. Competitors in this niche include companies like Odfjell SE and Stolt-Nielsen Ltd.
Market Dynamics
Industry Overview
The maritime shipping industry, particularly the tanker segment, is highly cyclical and influenced by global economic growth, geopolitical events, and energy demand. The oil and chemical tanker markets are subject to freight rate volatility driven by supply (fleet capacity) and demand (oil production, refinery output, and chemical consumption). Environmental regulations and technological advancements also play a significant role in shaping the industry.
Positioning
TOP Ships Inc. operates as a small to mid-sized player in the global tanker market. Its competitive advantages lie in its modern fleet, operational efficiency, and potentially its ability to secure favorable charter agreements. However, it faces intense competition from larger, more diversified shipping companies with greater economies of scale.
Total Addressable Market (TAM)
The TAM for global maritime transportation of oil and chemicals is measured in billions of dollars annually, representing the total freight revenue generated by these segments. TOP Ships Inc. aims to capture a portion of this market through its specialized fleet. Its current positioning is that of a niche player within a very large and competitive global market.
Upturn SWOT Analysis
Strengths
- Modern fleet with potentially lower operating costs and higher efficiency.
- Focus on specific tanker segments (oil and chemical).
- Experienced management team with knowledge of the shipping industry.
Weaknesses
- Smaller fleet size compared to major industry players, limiting economies of scale.
- Vulnerability to market downturns and freight rate volatility.
- Potential reliance on a limited number of charterers.
- Limited financial resources compared to larger competitors.
Opportunities
- Increasing global demand for energy and chemical products.
- Potential for strategic fleet expansion or acquisitions.
- Leveraging new environmental regulations to gain an edge with compliant vessels.
- Opportunities for long-term charter agreements during market upturns.
Threats
- Global economic slowdown impacting energy demand and trade volumes.
- Geopolitical instability affecting shipping routes and oil supply.
- Increasing competition from both existing players and new entrants.
- Rising operating costs, including fuel and maintenance.
- Stricter environmental regulations requiring significant capital investment.
Competitors and Market Share
Key Competitors
- Frontline Ltd. (FRO)
- International Seaways Inc. (INSW)
- Euronav NV (EURN)
- Teekay Tankers Ltd. (TNK)
- DHT Holdings Inc. (DHT)
Competitive Landscape
TOP Ships Inc. faces a highly competitive landscape dominated by larger, more established players with significant capital and operational scale. Its advantages include a modern fleet and a focused strategy, but it struggles to compete with the market influence and diversification of its larger rivals. The company's ability to secure competitive charter rates and manage operational costs is crucial for its success.
Growth Trajectory and Initiatives
Historical Growth: TOP Ships Inc.'s historical growth has been largely characterized by fleet expansion through the acquisition of new and second-hand vessels. The company has also experienced periods of contraction or consolidation depending on market conditions and strategic decisions. Growth is intrinsically linked to the demand for maritime transportation and the company's ability to secure profitable charters.
Future Projections: Future projections for TOP Ships Inc. would depend on a variety of factors including global economic outlook, energy demand, and the company's strategic investments in fleet modernization and expansion. Analyst estimates, if available, would provide insights into expected revenue and earnings growth.
Recent Initiatives: Recent initiatives might include fleet renewal programs, seeking new charter agreements, optimizing vessel operations for fuel efficiency, and potentially exploring strategic partnerships or acquisitions to enhance its market position.
Summary
TOP Ships Inc. operates in the highly volatile tanker shipping market. The company's strengths lie in its modern fleet and focused operations, while weaknesses include its smaller scale and susceptibility to market downturns. Opportunities exist in growing global energy demand, but threats from economic slowdowns and competition are significant. The company needs to carefully manage its fleet, secure favorable charters, and maintain financial discipline to navigate the cyclical nature of the industry.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Industry reports and analyses
- Financial news and data providers
Disclaimers:
This analysis is based on publicly available information and general industry knowledge. It is not intended as investment advice. Financial data and market positions can change rapidly. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About TOP Ships Inc.
Exchange NYSE MKT | Headquaters - | ||
IPO Launch date 2004-07-23 | Founder, President, CEO & Director Mr. Evangelos J. Pistiolis | ||
Sector Energy | Industry Oil & Gas Midstream | Full time employees - | Website https://www.topships.org |
Full time employees - | Website https://www.topships.org | ||
Top Ships Inc. owns and operates tanker vessels in Greece and internationally. The company transports crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2024, 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 Athens, Greece.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.