Robin Energy Ltd. (RBNE) vs TOP Ships Inc. (TOPS)

Robin Energy Ltd. and TOP Ships Inc. are both Oil & Gas Midstream companies. TOP Ships Inc. is the larger, with a market value of $5.1M against $3.1M — 1.6× the size. TOP Ships Inc. has the higher net margin (−1.48% vs −3.92%) and the lower return on invested capital (0.00% vs 19.0%). Across the 16 metrics below, Robin Energy Ltd. leads on 9 and TOP Ships Inc. on 7.

Valuation

Metric RBNE TOPS Oil & Gas Midstream median
P/E n/m n/m 13.19
P/S 0.06 0.01 2.60
P/B 0.02 0.01 2.08
Price to free cash flow n/m n/m 10.14
EV/EBITDA n/m 2.98 8.11
EV/Sales (1.95) 1.64 3.89
Earnings yield (153.05%) (17,677.94%) 6.83%
Free cash flow yield (3,017.79%) (16,032.17%) 6.94%

Profitability

Metric RBNE TOPS Oil & Gas Midstream median
Gross margin 70.77% 57.93% 58.81%
Operating margin 0.27% 0.00% 32.14%
Net margin (3.92%) (1.48%) 21.16%
Free cash flow margin (179.08%) 0.00% 10.15%
Return on equity (1.57%) 0.00% 11.30%
Return on assets (1.40%) 0.00% 5.00%
Return on invested capital 19.00% 0.00% 6.13%

Growth

Metric RBNE TOPS Oil & Gas Midstream median
Revenue growth (TTM) — 25.46% 15.44%
EPS growth (last fiscal year) (242.96%) (38.53%) —
Revenue growth, 5-year CAGR — 5.95% 8.96%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric RBNE TOPS Oil & Gas Midstream median
Debt to equity 0.00 3.40 0.78
Current ratio 10.33 0.48 1.19
Net debt to EBITDA (3.34) 3.72 3.42

Dividend

Metric RBNE TOPS Oil & Gas Midstream median
Dividend yield — — 7.29%
Payout ratio — 0.00 0.64

Size

Metric RBNE TOPS Oil & Gas Midstream median
Market cap 3.10m 5.06m 3.61b

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