TORM plc (TRMD)
| Market Cap | 1.84B |
| Revenue (ttm) | 1.64B |
| Net Income (ttm) | 719.37M |
| Shares Out | 97.32M |
| EPS (ttm) | 7.70 |
| PE Ratio | 2.55 |
| Forward PE | 6.11 |
| Dividend | $5.85 (30.93%) |
| Ex-Dividend Date | Nov 20, 2024 |
| Volume | 644,672 |
| Open | 19.06 |
| Previous Close | 18.90 |
| Day's Range | 18.88 - 19.19 |
| 52-Week Range | 17.77 - 40.47 |
| Beta | -0.06 |
| Analysts | Buy |
| Price Target | 48.00 (+153.83%) |
| Earnings Date | Mar 6, 2025 |
About TRMD
TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil. The Marine Exhaust segment engages in developing and producing advanced and green marine equipment. TORM plc was founded in 1889 and is based in London, the United Kingdom. [Read more]
Financial Performance
In 2023, TORM plc's revenue was $1.52 billion, an increase of 5.34% compared to the previous year's $1.44 billion. Earnings were $648.27 million, an increase of 15.20%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for TRMD stock is "Buy" and the 12-month stock price forecast is $48.0.
News
TORM: Time To Buy After The 50% Drawdown, Earnings On Tap
I am upgrading TORM Plc to a buy due to attractive valuation and key technical support, despite a softer operating environment and geopolitical risks. TORM's Q3 results were strong with EPS of $1.35 b...
10 Ideal 'Safer' January Dividend Buys, Out Of 40 Choices From Readers
Before January 31, 2025, my REaders mentioned 40 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers spoke-up about the ReFa/Ro. ...
TORM: A Unique Combination Of Geopolitical Turmoil, Economics, And Balance
Russian sanctions will remove a significant number of crude tankers from the market. This opens the refined product trade to benefit from cannibalization of the crude market and removal of LR2 capacit...
TORM's 20% Dividend Yield And Market Tailwinds Make It A 'Buy'
TORM's recent stock weakness, in my view, is a buying opportunity, as the key factors behind its post-2018 rebound should persist for the next 2-3 years. Strong Q3 performance with $263M TCE earnings,...
5 Top Stocks Yielding Over 5% For 2025
The New Year is a good time to review your portfolio and acquire some new investments. Tax-loss selling in December often leads to opportunities in January. I started rotating out of U.S. tech stocks ...
4 Of 35 Safe-Buy Dividend Power Dogs In January
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Undercovered Dozen: Ubiquiti, Ready Capital, Cardiff Oncology, Vodafone +
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TORM plc: I Was Wrong, Now I'm Long
A few months ago, I wrote an article giving positive coverage to TORM PLC, a Danish tanker company. At the time, I rated the stock a strong buy on the basis of the fact that it was trading at low mult...
TORM Stock Could Be A Great Value Investment For The Next Few Years
The global energy sector is evolving, but traditional energy sources remain crucial; TORM plc's tanker fleet is vital for global energy distribution. Despite a 30% decline in TORM's share price due to...
Of 36 Dividend Power Dogs, 11 Are Buyable In November
Eleven of the 35 Dividend Power Dogs are recommended for their "safer" dividends, with free cash-flow yields exceeding dividend yields, making them ideal buys. The Dividend Power strategy focuses on h...
TORM: Making Sense Of The Collapse And What To Do From Here
Following a 30% decline since my Strong Buy recommendation, I reassess the situation among the rubble. Recent market fundamentals have been negative due to refinery maintenance and increased vessel su...
Top 4 Energy Stocks That Could Blast Off In November
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
TORM plc: Double-Digit Yields And Attractive Discount To NAV (Rating Upgrade)
Considering the weaker seasonality, TORM plc delivered adequate results for 3Q24. YoY revenue grew by 3.9% while net income by 4.8%. TRMD has 59.4% Total Debt to Equity and 40.2% Total Liabilities to ...
TORM plc (TRMD) Q3 2024 Earnings Call Transcript
TORM plc (NASDAQ:TRMD) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Jacob Meldgaard – Chief Executive Officer Kim Balle – Chief Financial Officer Conference Call ...
Top 2 Energy Stocks Which Could Blast Off This Month
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
TORM: Product Tanker Markets Primed For Recovery (Podcast Transcript)
Value Investor's Edge Live hosted TORM CEO Jacob Meldgaard for an exclusive interview on Sept. 19. TORM plc is one of the largest US-listed product tanker firms with a $3.1B market capitalization. Jac...
68 Graham All Star Value Stocks Show 55 In September Fit To Buy
The Value Score identifies large-cap stocks offering high value relative to their price, focusing on profits, cash flows, assets, and sales. The Ben Graham Formula targets ultra-stable stocks with str...
22% Yielding TORM: A Very Buyable Crash (Rating Upgrade)
Last week, TORM plc stock crashed as oil prices collapsed worldwide. As an oil tanker, TORM's business is impacted by the supply and demand for oil. However; it doesn't depend on high oil prices the s...
TORM plc: The Sell-Off Is Overdone - Upgrading To Strong Buy
TORM plc's share price dropped 15% due to market sell-off and seasonality, but maintains an 18% dividend yield with potential upside in Q4. Global refinery shifts away from Europe to the Middle East a...
How Good Is TORM's 22% Yield?
TORM plc offers a high 22% dividend yield, but this is likely unsustainable long-term despite current profitability. The company has a growing fleet of 96 vessels, with an average age of 11-12 years, ...
Top 4 Energy Stocks That May Explode In Q3
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
69 All Star And Graham Value Stocks; 49 Fit To Buy In August
Large Cap Value ranking by YCharts focuses on intrinsic firm value of large cap stocks. The Ben Graham Formula strategy selects stable stocks based on earnings, dividends, and valuation based on Graha...
TORM plc (TRMD) Q2 2024 Earnings Call Transcript
TORM plc (NASDAQ:TRMD) Q2 2024 Earnings Conference Call August 15, 2024 9:00 AM ET Company Participants Jacob Meldgaard - Executive Director and Chief Executive Officer Kim Balle - Chief Financial Of...
TORM: Still Making Cash, A 15% Yield, And More Room To Run
Refinery additions in 2023 are reaching full capacity, resulting in more supply entering the export market and increased demand for shipping. The 15% yield is well covered within current cash flows an...