TOP Ships, Inc.
Top Ships Inc. owns and operates tanker vessels worldwide, transporting crude oil, petroleum products, and bulk liquid chemicals. As of 2023, its fleet had a total capacity of 1,435,000 deadweight tonnes. The fleet consists of various types of tankers. The company was previously known as Top Tankers Inc. before changing its name in 2007.
Overview
Strengths
- Current Price to Earnings Ratio (6.66) is lower than the sector mean (49.45)
- Price to book ratio (0.22) is lower than the sector mean (2.40)
- EV/EBITDA (4.87) is lower than the sector mean (12.91)
- EV/EBIT (9.01) is lower than the sector mean (673.43)
- Price to free cash flow (1.40) is lower than the sector mean (29.72)
- Strong EBITDA Margin of 61.88%
Weaknesses
- The company have lower returns than the sector in which it operates. ROIC (6.51%) is significantly lower than the sector mean (12.45%)
Key Financial Data
| Indicator | Value |
|---|
| PER | 7.2 |
| EV/EBITDA | 6.1 |
| Price/Free Cash Flow' | 2.1 |
| ROIC | 4.1% |
| Net Debt/EBITDA | 5.4 |