TORM plc (TRMD)
| Market Cap | 2.22B |
| Revenue (ttm) | 1.64B |
| Net Income (ttm) | 719.37M |
| Shares Out | 96.35M |
| EPS (ttm) | 7.70 |
| PE Ratio | 3.08 |
| Forward PE | 6.20 |
| Dividend | $7.20 (30.24%) |
| Ex-Dividend Date | Aug 29, 2024 |
| Volume | 1,676,830 |
| Open | 24.29 |
| Previous Close | 23.97 |
| Day's Range | 23.72 - 24.38 |
| 52-Week Range | 22.72 - 40.47 |
| Beta | -0.06 |
| Analysts | Buy |
| Price Target | 48.00 (+101.6%) |
| Earnings Date | Nov 7, 2024 |
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: 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...
70 All-Star And Graham Value Stocks: 57 Fit To Buy In June
Large Cap Value rankings from YCharts identify stocks with low prices relative to their assets and profits. The Ben Graham Formula strategy selects stable stocks with strong earnings and dividends bas...
68 All Star And Graham Value Stocks: 53 Fit To Buy In May
Large Cap Value is a value ranking for large cap stocks that looks at the price of a stock relative to measurements of intrinsic firm value. The Ben Graham Formula strategy selects ultra-stable stocks...
TORM PLC: Check Out That 16% Forward Yield
TORM PLC is a tanker company that Brookfield's Oaktree Wealth Management owns a controlling stake in. The company has a rocky history, but now has the backing of two very well-run financial services c...
TORM Stock Is Still Cheap And Well Positioned
TORM plc's stock has risen by 62.64% since I upgraded it to "Buy" in July 2023. But it's still undervalued and well positioned, in my view - read on. The product tanker market is expected to experienc...
TORM: Robust Fundamentals And High Dividends
TORM is a leading global product tanker company with a modern fleet and a diverse customer base. The company is well-positioned to take advantage of the attractive product tanker market fundamentals u...
54 Ideal Value Dogs For February
Large Cap Value is a value ranking strategy that looks at the price of a stock relative to measurements of intrinsic firm value. The Ben Graham Formula strategy selects ultra-stable stocks based on a ...
My TORM Pick In 2021 Smoked All Big Tech Gains
TORM plc has experienced a total return of +523% over 37 months, outperforming each of the "Magnificent 7" Big Tech companies. The deep-value TORM proposition no longer exists, but shares remain an in...
These seven tanker stocks are set for upside amid Red Sea disruption, says Evercore
A number of tanker stocks are well positioned to benefit from the fallout from the disruption to Red Sea shipping caused by the Houthi attacks on cargo ships, according to Evercore ISI.
3 Quality Stocks With Yields Between 8% And 17%
3 Quality Stocks With Yields Between 8% And 17%
TORM: Product Tanker Play For Income-Minded Investors
TRMD has a large fleet of 93 ships, including 20 LR2 vessels, and has a conservative balance sheet with strong liquidity. Catalysts for the tanker market include declining diesel inventories, growing ...