TOP Ships Inc. (TOPS) - Financial and Strategic SWOT Analysis Review

 Published On: Oct, 2015 |    No of Pages: 42 |  Published By: GlobalData | Format: PDF
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TOP Ships Inc. (TOPS) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

The profile contains critical company information including:

- Business description – A detailed description of the company’s operations and business divisions.
- Corporate strategy – Analyst’s summarization of the company’s business strategy.
- SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats.
- Company history – Progression of key events associated with the company.
- Major products and services – A list of major products, services and brands of the company.
- Key competitors – A list of key competitors to the company.
- Key employees – A list of the key executives of the company.
- Executive biographies – A brief summary of the executives’ employment history.
- Key operational heads – A list of personnel heading key departments/functions.
- Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
- Interim ratios for the last five interim periods – The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.

Highlights

TOP Ships Inc. (Top Ships) formerly Top Tankers Inc., is a provider of international seaborne transportation services. It owns and operates ‘ECO’ Medium Range (MR) product/chemical tankers focusing on the transportation of petroleum products, crude oil and bulk liquid chemicals. The company serves several industries such as oil, steel, electric utility, construction, agriculture and food industries. Top Ships currently owns two MR tanker StenaWeco Energy and M/T Stenaweco Evolution and has four new building MRs. The company’s vessels have time charters with major charterers, including BP Shipping Ltd UK, Stena Weco A/S, and Norden A/S. Top Ships is headquartered in Maroussi, Greece.

TOP Ships Inc. Key Recent Developments

Jul 22, 2015: TOP Ships Announces Delivery Of Third Newbuilding Vessel
Apr 10, 2015: TOP Ships Announces Corporate Developments
Jan 21, 2015: TOP Ships Reports Third Quarter And Nine Months 2014 Financial Results

Key benefits of buying this profile include:

You get detailed information about the company and its operations to identify potential customers and suppliers.
- The profile analyzes the company’s business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors.

Understand and respond to your competitors’ business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company.
- The company’s core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events.

Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably.
- Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted.

Scout for potential investments and acquisition targets, with detailed insight into the companies’ strategic, financial and operational performance.
- Financial ratio presented for major public companies in the profile include the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios.

Gain key insights into the company for academic or business research.
- Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are incorporated in the profile to assist your academic or business research needs.

Note: Some sections may be missing if data is unavailable for the company

Table of Contents

Table of Contents 2
List of Tables 4
List of Figures 5
Section 1 - About the Company 6
TOP Ships Inc. - Key Facts 6
TOP Ships Inc. - Key Employees 7
TOP Ships Inc. - Key Employee Biographies 8
TOP Ships Inc. - Major Products and Services 9
TOP Ships Inc. - Key Operational Summary 10
TOP Ships Inc. - History 11
TOP Ships Inc. - Company Statement 13
TOP Ships Inc. - Locations And Subsidiaries 14
Head Office 14
Other Locations & Subsidiaries 14
Section 2 – Company Analysis 15
TOP Ships Inc. - Business Description 15
TOP Ships Inc. - Corporate Strategy 16
TOP Ships Inc. - SWOT Analysis 17
SWOT Analysis - Overview 17
TOP Ships Inc. - Strengths 17
Strength - Long Term Period Charters 17
Strength - Efficient ECO MR Product Tankers 17
Strength - Agreement with Central Shipping Monaco 17
TOP Ships Inc. - Weaknesses 18
Weakness - Declined Financial Performance 18
Weakness - Working Capital Deficit 18
TOP Ships Inc. - Opportunities 19
Opportunity - Increasing Oil Related Investments 19
Opportunity - Strategic Initiatives 19
Opportunity - Positive Outlook for Global Shipping Industry 19
TOP Ships Inc. - Threats 20
Threat - Intense Competition 20
Threat - Stringent Governmental Regulations 20
Threat - Cyclical Nature of Industry 20
TOP Ships Inc. - Key Competitors 21
Section 3 – Company Financial Ratios 22
Financial Ratios - Capital Market Ratios 22
Financial Ratios - Annual Ratios 23
Performance Chart 24
Financial Performance 24
Financial Ratios - Interim Ratios 25
Financial Ratios - Ratio Charts 26
Section 4 – Company’s Oil & Gas Financial Deals and Alliances 27
TOP Ships Inc., Oil & Gas, Deals By Year, 2009 to YTD 2015 27
TOP Ships Inc., Oil & Gas, Deals By Type, 2009 to YTD 2015 28
TOP Ships Inc., Recent Deals Summary 29
Section 5 – Company’s Recent Developments 30
Jul 22, 2015: TOP Ships Announces Delivery Of Third Newbuilding Vessel 30
Apr 10, 2015: TOP Ships Announces Corporate Developments 31
Jan 21, 2015: TOP Ships Reports Third Quarter And Nine Months 2014 Financial Results 32
Oct 29, 2014: TOP Ships Announces Signing Of Commitment Letter For The Financing Of Two Vessels 33
Aug 30, 2014: Top Ships Announces New Extended Charters For 3 Vessels And Receivable Compensation 34
Aug 07, 2014: Top Ships Reports Second Quarter And First Half 2014 Financial Results 35
Jun 23, 2014: Top Ships Announces Delivery Of First Newbuild Vessel 36
Section 6 – Appendix 37
Methodology 37
Ratio Definitions 37
About GlobalData 41
Contact Us 41
Disclaimer 41

List of Tables

TOP Ships Inc., Key Facts 6
TOP Ships Inc., Key Employees 7
TOP Ships Inc., Key Employee Biographies 8
TOP Ships Inc., Major Products and Services 9
TOP Ships Inc., Key Operational Summary, 2011 10
TOP Ships Inc., History 11
TOP Ships Inc., Other Locations 14
TOP Ships Inc., Subsidiaries 14
TOP Ships Inc., Key Competitors 21
TOP Ships Inc., Ratios based on current share price 22
TOP Ships Inc., Annual Ratios 23
TOP Ships Inc., Interim Ratios 25
TOP Ships Inc., Oil & Gas, Deals By Year, 2009 to YTD 2015 27
TOP Ships Inc., Oil & Gas, Deals By Type, 2009 to YTD 2015 28
TOP Ships Inc., Recent Deals Summary 29
Currency Codes 37
Units 37
Capital Market Ratios 37
Equity Ratios 38
Profitability Ratios 38
Cost Ratios 39
Liquidity Ratios 39
Leverage Ratios 40
Efficiency Ratios 40

List of Figures

TOP Ships Inc., Performance Chart (2010 - 2014) 24
TOP Ships Inc., Ratio Charts 26
TOP Ships Inc., Oil & Gas, Deals By Year, 2009 to YTD 2015 27
TOP Ships Inc., Oil & Gas, Deals by Type, 2009 to YTD 2015 28


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