TORM（1T4）株式概要海運会社であるTORM plcは、英国でプロダクトタンカーの船隊を所有・運航している。 詳細1T4 ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長0/6過去の実績2/6財務の健全性5/6配当金4/6報酬当社が推定した公正価値より43.4%で取引されている 同業他社や業界と比較して、良好な取引価格 リスク分析今後3年間の収益は年平均20.4%減少すると予測されている。 6.49%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る1T4 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€27.80309.4% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-169m2b2016201920222025202620282031Revenue US$532.5mEarnings US$130.2mAdvancedSet Fair ValueView all narrativesTORM plc 競合他社Friedrich Vorwerk GroupSymbol: XTRA:VH2Market cap: €1.4bDeutsche RohstoffSymbol: XTRA:DR0Market cap: €477.6mNanjing TankerSymbol: SHSE:601975Market cap: CN¥26.8bEnviTec BiogasSymbol: XTRA:ETGMarket cap: €320.8m価格と性能株価の高値、安値、推移の概要TORM過去の株価現在の株価DKK 27.8052週高値DKK 30.3452週安値DKK 13.54ベータ0.0361ヶ月の変化10.06%3ヶ月変化23.56%1年変化74.51%3年間の変化14.97%5年間の変化248.81%IPOからの変化382.64%最新ニュースDeclared Dividend • 19hFirst quarter dividend of US$0.70 announcedShareholders will receive a dividend of US$0.70. Ex-date: 27th May 2026 Payment date: 11th June 2026 Dividend yield will be 7.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (254% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 56% over the next 3 years. Since a fall of 45% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Board Change • 19hLess than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Annette Beate Wacknitz Justad was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Feb 26+ 1 more updateTORM plc Announces Interim Dividend for the Fourth Quarter of 2025, Payable on 25 March 2026TORM plc announced that the Board of Directors has approved an interim dividend for the fourth quarter of 2025 of USD 0.70 per share to be paid to the shareholders, corresponding to an expected total dividend payment of USD 70.9 million. The payment date is 25 March 2026 to all shareholders on record as of 12 March 2026, and the ex-dividend date is 11 March 2026 for the shares listed on Nasdaq OMX Copenhagen and 12 March 2026 for the shares listed on Nasdaq New York.Board Change • Jan 08Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Annette Beate Wacknitz Justad was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jan 07TORM plc Announces Departure of Deputy Chairman and Senior Independent Director David Weinstein and Board Structure Changes, Effective January 6, 2026TORM plc announced that as the ownership stake held by Oaktree Capital Management, L.P. and its affiliates is now below the one-third threshold, the position and authority of the B-Director is extinguished. As a result, Deputy Chairman and Senior Independent Director, David Weinstein, will leave the Board effective as of January 6, 2026. Upon his departure from the Board, the Company has retained Mr. Weinstein in an ongoing capacity as a Special Advisor to the Board. The limitations on TORM plc's actions set out in Article 137 stop having effect immediately at the threshold date and no approvals will be needed other than any provided under the legislation for any reserved matter after that time. The B- and C-shares are in the process of being redeemed and cancelled in accordance with the Articles and no further B- or C-shares can then be issued. The C-share right to vote 350,000,000 shares has ceased as from the threshold date. The right of the B-share to one vote continues until it is redeemed. Therefore, from the threshold date, the voting rights are 101,332,707 A-shares and one B-share, each with one vote per share. After the redemption/cancellation, TORM plc's share capital will amount to USD 1,013,327.07 dividend into 101,332,707 A-shares of USD 0.01 each.お知らせ • Dec 24Hafnia Limited (OB:HAFNI) completed the acquisition of 13.97% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates.Hafnia Limited (OB:HAFNI) enters into a preliminary agreement to acquire 14.45% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates for approximately $310 million on September 3, 2025. Hafnia Limited entered into a binding share purchase agreement to acquire 14.45% stake in TORM plc on September 11, 2025. A cash consideration valued at $22 per share will be paid by Hafnia Limited. The Announcement notes that completion of the Share Purchase is subject to entry into a definitive agreement and the fulfilment of customary conditions precedent, including among others, obtaining any required regulatory clearances and approvals, the satisfaction of certain covenants, The appointment of a new independent board chairman of TORM and approval of the Transaction by the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica – CADE) in Brazil. As of December 18, 2025, all conditions precedent required for the completion of Hafnia’s acquisition of approximately 14.1 million A-shares in TORM plc have been satisfied. Since September 11, 2025, TORM has announced to have increased its issued share capital by 3,380,278 new A-shares. Consequently, Hafnia’s acquisition of approximately 14.1 million A-shares will represent approximately 13.97% of TORM’s issued share capital as per the date hereof. Upon completion, Hafnia will hold approximately 13.97% of the issued share capital of TORM. Completion of the acquisition is expected to take place shortly. Dan Schuster-Woldan, Matthew Hearn, Ross Ferguson, Christopher J. Cummings, Deeksha Rathi of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Oaktree Capital Management, L.P., and its affiliates in the sale of stake in TORM. Henrik Laursen, Janus Jepsen, Peter E. Stassen, Lise Aaby Nielsen, Lynge Daugaard Jensen of Plesner Advokatpartnerselskab acted as legal advisor to Hafnia Limited. Hafnia Limited (OB:HAFNI) completed the acquisition of 13.97% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates on December 22, 2025.最新情報をもっと見るRecent updatesDeclared Dividend • 19hFirst quarter dividend of US$0.70 announcedShareholders will receive a dividend of US$0.70. Ex-date: 27th May 2026 Payment date: 11th June 2026 Dividend yield will be 7.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (254% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 56% over the next 3 years. Since a fall of 45% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Board Change • 19hLess than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Annette Beate Wacknitz Justad was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Feb 26+ 1 more updateTORM plc Announces Interim Dividend for the Fourth Quarter of 2025, Payable on 25 March 2026TORM plc announced that the Board of Directors has approved an interim dividend for the fourth quarter of 2025 of USD 0.70 per share to be paid to the shareholders, corresponding to an expected total dividend payment of USD 70.9 million. The payment date is 25 March 2026 to all shareholders on record as of 12 March 2026, and the ex-dividend date is 11 March 2026 for the shares listed on Nasdaq OMX Copenhagen and 12 March 2026 for the shares listed on Nasdaq New York.Board Change • Jan 08Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Annette Beate Wacknitz Justad was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jan 07TORM plc Announces Departure of Deputy Chairman and Senior Independent Director David Weinstein and Board Structure Changes, Effective January 6, 2026TORM plc announced that as the ownership stake held by Oaktree Capital Management, L.P. and its affiliates is now below the one-third threshold, the position and authority of the B-Director is extinguished. As a result, Deputy Chairman and Senior Independent Director, David Weinstein, will leave the Board effective as of January 6, 2026. Upon his departure from the Board, the Company has retained Mr. Weinstein in an ongoing capacity as a Special Advisor to the Board. The limitations on TORM plc's actions set out in Article 137 stop having effect immediately at the threshold date and no approvals will be needed other than any provided under the legislation for any reserved matter after that time. The B- and C-shares are in the process of being redeemed and cancelled in accordance with the Articles and no further B- or C-shares can then be issued. The C-share right to vote 350,000,000 shares has ceased as from the threshold date. The right of the B-share to one vote continues until it is redeemed. Therefore, from the threshold date, the voting rights are 101,332,707 A-shares and one B-share, each with one vote per share. After the redemption/cancellation, TORM plc's share capital will amount to USD 1,013,327.07 dividend into 101,332,707 A-shares of USD 0.01 each.お知らせ • Dec 24Hafnia Limited (OB:HAFNI) completed the acquisition of 13.97% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates.Hafnia Limited (OB:HAFNI) enters into a preliminary agreement to acquire 14.45% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates for approximately $310 million on September 3, 2025. Hafnia Limited entered into a binding share purchase agreement to acquire 14.45% stake in TORM plc on September 11, 2025. A cash consideration valued at $22 per share will be paid by Hafnia Limited. The Announcement notes that completion of the Share Purchase is subject to entry into a definitive agreement and the fulfilment of customary conditions precedent, including among others, obtaining any required regulatory clearances and approvals, the satisfaction of certain covenants, The appointment of a new independent board chairman of TORM and approval of the Transaction by the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica – CADE) in Brazil. As of December 18, 2025, all conditions precedent required for the completion of Hafnia’s acquisition of approximately 14.1 million A-shares in TORM plc have been satisfied. Since September 11, 2025, TORM has announced to have increased its issued share capital by 3,380,278 new A-shares. Consequently, Hafnia’s acquisition of approximately 14.1 million A-shares will represent approximately 13.97% of TORM’s issued share capital as per the date hereof. Upon completion, Hafnia will hold approximately 13.97% of the issued share capital of TORM. Completion of the acquisition is expected to take place shortly. Dan Schuster-Woldan, Matthew Hearn, Ross Ferguson, Christopher J. Cummings, Deeksha Rathi of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Oaktree Capital Management, L.P., and its affiliates in the sale of stake in TORM. Henrik Laursen, Janus Jepsen, Peter E. Stassen, Lise Aaby Nielsen, Lynge Daugaard Jensen of Plesner Advokatpartnerselskab acted as legal advisor to Hafnia Limited. Hafnia Limited (OB:HAFNI) completed the acquisition of 13.97% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates on December 22, 2025.お知らせ • Dec 20TORM plc, Annual General Meeting, Apr 15, 2026TORM plc, Annual General Meeting, Apr 15, 2026.お知らせ • Dec 19+ 3 more updatesTORM plc to Report First Half, 2026 Results on Aug 26, 2026TORM plc announced that they will report first half, 2026 results on Aug 26, 2026お知らせ • Nov 07+ 1 more updateTORM plc Increases Earnings Guidance for the Full Year of 2025TORM plc increased earnings guidance for the full year of 2025. For the period, TCE earnings are expected to be in the range of USD 875 million - USD 925 million (previous guidance USD 800 million - USD 950 million).お知らせ • Aug 16+ 1 more updateTorm plc Approves Interim Dividend for Second Quarter of 2025, Payable on 3 September 2025The Board of Directors of TORM plc have approved an interim dividend for the second quarter of 2025 of USD 0.40 per share to be paid to the shareholders corresponding to an expected total dividend payment of USD 39.2 million. The distribution for the quarter is equivalent to 67% of net profit and reflects the Distribution Policy. The payment date is 3 September 2025 to all shareholders on record as of 22 August 2025, and the ex-dividend date is 21 August 2025 for the shares listed on Nasdaq OMX Copenhagen and 22 August 2025 for the shares listed on Nasdaq New York.お知らせ • Jun 04TORM plc (CPSE:TRMD A) acquired remaining 25% stake in ME Production A/S from Jens Peter Faldt.TORM plc (CPSE:TRMD A) acquired remaining 25% stake in ME Production A/S from Jens Peter Faldt on June 3, 2025. TORM plc (CPSE:TRMD A) Completed the acquisition of remaining 25% stake in ME Production A/S from Jens Peter Faldt on June 3, 2025.お知らせ • May 09+ 1 more updateTORM plc Narrows Earnings Guidance for the Full Year of 2025TORM plc narrowed earnings guidance for the full year of 2025. Based on the earnings realized in the first quarter of the year as well as the coverage for the remaining part of the year, the company narrows the full-year 2025 guidance. Thus, TCE earnings are expected to be in the range of USD 700 million to USD 900 million (2024: USD 1,135 million).お知らせ • Mar 06+ 1 more updateTorm plc Provides Earnings Guidance for the Year 2025TORM plc provided earnings guidance for the year 2025. For the full year 2025, TCE earnings are expected to be in the range of USD 650 million - 950 million (2024: USD 1,135m).New Risk • Jan 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 29% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (181% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding).Board Change • Dec 30Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Employee Representative Board Observer Christian Gorrissen was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Declared Dividend • Nov 10Third quarter dividend of US$1.20 announcedShareholders will receive a dividend of US$1.20. Ex-date: 20th November 2024 Payment date: 4th December 2024 Dividend yield will be 24%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (178% cash payout ratio). The dividend has increased by an average of 28% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to decline by 47% over the next 2 years. Since a fall of 19% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: US$1.38 (vs US$1.47 in 3Q 2023)Third quarter 2024 results: EPS: US$1.38. Revenue: US$372.1m (up 3.9% from 3Q 2023). Net income: US$130.5m (up 5.0% from 3Q 2023). Profit margin: 35% (in line with 3Q 2023). Revenue is forecast to decline by 18% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat.お知らせ • Nov 08TORM plc, Annual General Meeting, Apr 16, 2025TORM plc, Annual General Meeting, Apr 16, 2025.お知らせ • Nov 07+ 3 more updatesTORM plc to Report Q3, 2025 Results on Nov 06, 2025TORM plc announced that they will report Q3, 2025 results on Nov 06, 2025Recent Insider Transactions • Oct 09CEO & Executive Director recently sold €7.8m worth of stockOn the 4th of October, Jacob Meldgaard sold around 261k shares on-market at roughly €29.94 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jacob has been a net seller over the last 12 months, reducing personal holdings by €22m.Upcoming Dividend • Aug 21Upcoming dividend of US$1.80 per shareEligible shareholders must have bought the stock before 28 August 2024. Payment date: 30 August 2024. Payout ratio is on the higher end at 76%, and the cash payout ratio is above 100%. Trailing yield: 15%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.5%).Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: US$2.08 (vs US$2.23 in 2Q 2023)Second quarter 2024 results: EPS: US$2.08. Revenue: US$437.7m (up 14% from 2Q 2023). Net income: US$194.5m (up 4.7% from 2Q 2023). Profit margin: 44% (down from 48% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 37%.お知らせ • Aug 15+ 1 more updateTORM plc Approves Dividend for the Second Quarter 2024, Payable September 11, 2024TORM plc approved an interim dividend for the second quarter of 2024 of USD 1.80 per share to be paid to the shareholders corresponding to an expected total dividend payment of USD 169.8 Million. The distribution for the quarter is equivalent to 87% of net profit adjusted for profit from sale of vessels and reflects the Distribution Policy implemented this year. The payment date is 11 September 2024 to all shareholders of record as of 29 August 2024, and the ex-dividend date is 28 August 2024 for the shares listed on Nasdaq OMX Copenhagen and 29 August 2024 for the shares listed on Nasdaq New York.お知らせ • May 31TORM plc has filed a Follow-on Equity Offering.TORM plc has filed a Follow-on Equity Offering. Security Name: Class A Common Shares Security Type: Common Stock Securities Offered: 6,896,552Declared Dividend • May 13Fourth quarter dividend of US$1.50 announcedShareholders will receive a dividend of US$1.50. Ex-date: 21st May 2024 Payment date: 4th June 2024 Dividend yield will be 16%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not covered by cash flows (184% cash payout ratio). The dividend has increased by an average of 28% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to decline by 60% over the next 3 years. Since a fall of 17% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.お知らせ • May 09+ 1 more updateTorm plc Revises Earnings Guidance for the Year 2024TORM plc revised earnings guidance for the year 2024. Based on the earnings realized in the first quarter of the year and the coverage achieved for the coming quarter TORM narrows its full-year guidance by increasing the low end of the guidance range, thus Time charter equivalent earnings (TCE) earnings are expected to be in the range of USD 1.1 - 1.35bn (previous outlook: USD 1.0 - 1.35bn).お知らせ • Apr 11TORM plc Approves a Final Dividend for the Year Ended 31 December 2023TORM plc approved a final dividend of USD 1.36 per A-share for the year ended 31 December 2023.Upcoming Dividend • Apr 08Upcoming dividend of US$1.36 per shareEligible shareholders must have bought the stock before 15 April 2024. Payment date: 24 April 2024. Payout ratio is a comfortable 75% but the company is paying out more than the cash it is generating. Trailing yield: 16%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.2%).お知らせ • Mar 08TORM plc Provides Earnings Guidance for the Year 2024TORM plc provided earnings guidance for the year 2024. For the full year 2024, TCE earnings are expected to be in the range of USD 1.0 billion – 1.35 billion.Reported Earnings • Mar 08Full year 2023 earnings released: EPS: US$7.75 (vs US$6.92 in FY 2022)Full year 2023 results: EPS: US$7.75 (up from US$6.92 in FY 2022). Revenue: US$1.52b (up 5.3% from FY 2022). Net income: US$648.3m (up 15% from FY 2022). Profit margin: 43% (up from 39% in FY 2022). Revenue is forecast to decline by 21% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 07TORM plc Recommends Final Dividend for the Financial Year Ended 31 December 2023, Payable on 24 April 2024According to the TORM plc’s Distribution Policy, the Company intends to declare a quarterly dividend based on the cash position at the end of each quarter. The Board is recommending a final dividend for the financial year ended 31 December 2023 of USD 1.36 per A-share. When taking into account share issuances that are expected to take place prior to the dividend record date, this is expected to equate to an aggregate dividend payment of USD 126.3 million. This dividend is expected to be paid on 24 April 2024 to all shareholders appearing on the register of members as of 16 April 2024. The payment of the dividend is not conditional on the proposed Capital Reduction.お知らせ • Jan 19TORM plc has completed a Follow-on Equity Offering in the amount of $19.100624 million.TORM plc has completed a Follow-on Equity Offering in the amount of $19.100624 million. Security Name: Class A shares Security Type: Common Stock Securities Offered: 616,746 Price\Range: $30.97お知らせ • Dec 02+ 4 more updatesTORM plc to Report Q3, 2024 Results on Nov 07, 2024TORM plc announced that they will report Q3, 2024 results on Nov 07, 2024New Risk • Nov 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by cash flows (104% cash payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (€15m sold).Recent Insider Transactions • Nov 17CEO & Executive Director recently sold €28m worth of stockOn the 14th of November, Jacob Meldgaard sold around 507k shares on-market at roughly €55.78 per share. This transaction amounted to 99% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jacob's only on-market trade for the last 12 months.Upcoming Dividend • Nov 14Upcoming dividend of US$1.46 per share at 19% yieldEligible shareholders must have bought the stock before 21 November 2023. Payment date: 23 November 2023. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 19%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.7%).New Risk • Nov 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by cash flows (104% cash payout ratio). Shareholders have been diluted in the past year (3.4% increase in shares outstanding).お知らせ • Nov 12Torm plc Revises Earnings Guidance for the Full-Year 2023TORM plc revised earnings guidance for the full-year 2023. For the year, TCE earnings are expected to be in the range of USD 1,075 million -1,125 million (previous outlook: USD 1,050 million -1,175 million).お知らせ • Nov 11TORM plc Approves Interim Dividend for the Third Quarter of 2023, Payable on 05 December 2023TORM plc Board of Directors has approved an interim dividend for Third Quarter 2023 of USD 1.46 per share, resulting in an expected total dividend payment of USD 123.2m. The payment date is 05 December 2023 while the ex-dividend date is 21 November 2023, and the record date is 22 November 2023.Reported Earnings • Nov 10Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: US$358.1m (down 20% from 3Q 2022). Net income: US$124.3m (down 43% from 3Q 2022). Profit margin: 35% (down from 48% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth.New Risk • Aug 18New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 55% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 42% per year for the foreseeable future. Minor Risks High level of debt (55% net debt to equity). Dividend is not well covered by cash flows (116% cash payout ratio).Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: US$2.23 (vs US$1.31 in 2Q 2022)Second quarter 2023 results: EPS: US$2.23 (up from US$1.31 in 2Q 2022). Revenue: US$384.3m (up 14% from 2Q 2022). Net income: US$185.8m (up 74% from 2Q 2022). Profit margin: 48% (up from 32% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is expected to decline by 30% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 18+ 1 more updateTORM plc Provides Earnings Guidance for the Full Year 2023TORM plc provided earnings guidance for the full year 2023. For the year, the company expected TCE earnings to be in the range of USD 1,050 million to USD 1,175 million (previous outlook: USD 1,025 million to 1,375 million).Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Employee Representative Board Observer Christian Gorrissen was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Upcoming Dividend • May 15Upcoming dividend of US$1.46 per share at 16% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 16%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.8%).お知らせ • May 12TORM plc Reaffirms Earnings Guidance for the Year 2023TORM plc reaffirmed earnings guidance for the year 2023. For the full year 2023, the company earnings are expected to be in the range of USD 1,025 million to USD 1,375 million (unchanged from the outlook released on 16 March 2023).Reported Earnings • May 12First quarter 2023 earnings released: EPS: US$1.87 (vs US$0.13 in 1Q 2022)First quarter 2023 results: EPS: US$1.87 (up from US$0.13 in 1Q 2022). Revenue: US$390.2m (up 86% from 1Q 2022). Net income: US$153.6m (up US$143.2m from 1Q 2022). Profit margin: 39% (up from 5.0% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 27% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 11TORM plc Approves an Interim Dividend for First Quarter 2023, Payable on 6 June 2023TORM plc's board of directors has approved an interim dividend for first quarter 2023 of USD 1.46 per share, resulting in an expected total dividend payment of USD 121.1 million. The payment is expected on 6 June 2023, with ex-dividend date on 22 May 2023 and record date on 23 May 2023.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €31.82, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 400% over the past three years.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €26.36, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 416% over the past three years.Reported Earnings • Mar 17Full year 2022 earnings releasedFull year 2022 results: Revenue: US$1.44b (up 133% from FY 2021). Net income: US$562.8m (up US$604.8m from FY 2021). Profit margin: 39% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 26% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 68% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €21.22, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 231% over the past three years.お知らせ • Dec 08+ 3 more updatesTORM plc to Report Q3, 2023 Results on Nov 09, 2023TORM plc announced that they will report Q3, 2023 results on Nov 09, 2023お知らせ • Dec 07TORM plc, Annual General Meeting, Apr 13, 2023TORM plc, Annual General Meeting, Apr 13, 2023.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: US$2.66 (vs US$0.18 loss in 3Q 2021)Third quarter 2022 results: EPS: US$2.66 (up from US$0.18 loss in 3Q 2021). Revenue: US$448.1m (up 188% from 3Q 2021). Net income: US$217.1m (up US$231.8m from 3Q 2021). Profit margin: 48% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings.Upcoming Dividend • Nov 16Upcoming dividend of US$1.46 per shareEligible shareholders must have bought the stock before 22 November 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (0.9%).Reported Earnings • Nov 13Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: US$448.1m (up 188% from 3Q 2021). Net income: US$217.1m (up US$231.8m from 3Q 2021). Profit margin: 48% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is expected to fall by 22% p.a. on average during the next 3 years compared to a 4.6% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to €29.84, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 321% over the past three years.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment improved over the past weekAfter last week's 18% share price gain to €21.92, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 179% over the past three years.Upcoming Dividend • Aug 24Upcoming dividend of US$0.58 per shareEligible shareholders must have bought the stock before 31 August 2022. Payment date: 16 September 2022. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.1%).Reported Earnings • Aug 19Second quarter 2022 earnings released: EPS: US$1.31 (vs US$0.027 in 2Q 2021)Second quarter 2022 results: EPS: US$1.31 (up from US$0.027 in 2Q 2021). Revenue: US$338.5m (up 125% from 2Q 2021). Net income: US$106.6m (up US$104.5m from 2Q 2021). Profit margin: 32% (up from 1.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 51% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.お知らせ • Aug 18Torm plc Approves an Interim Dividend for Second Quarter 2022, Payment Is Expected on 16 September 2022TORM plc announced that Board of Directors has approved an interim dividend for Second Quarter 2022 of USD 0.58 per share, with an expected total dividend of USD 47 million. Payment is expected on 16 September 2022, with ex-dividend date on 31 August 2022.お知らせ • Aug 17TORM plc (CPSE:TRMD A) completed the acquisition of 75% stake in Me Production A/S from Jens Peter Faldt and other shareholders.TORM plc (CPSE:TRMD A) acquired 75% stake in Me Production A/S from Jens Peter Faldt and other shareholders on August 16, 2022. Jens Peter Faldt will maintain 25% ownership of Me Production.TORM plc (CPSE:TRMD A) completed the acquisition of 75% stake in Me Production A/S from Jens Peter Faldt and other shareholders on August 16, 2022.Reported Earnings • May 12First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: US$209.4m (up 69% from 1Q 2021). Net income: US$10.4m (up US$31.7m from 1Q 2021). Profit margin: 5.0% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to stay flat compared to a 59% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Reported Earnings • Mar 04Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: US$0.54 loss per share (down from US$1.19 profit in FY 2020). Revenue: US$619.5m (down 17% from FY 2020). Net loss: US$42.1m (down 148% from profit in FY 2020). Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 26%, compared to a 68% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • Nov 11Third quarter 2021 earnings released: US$0.18 loss per share (vs US$0.008 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: US$155.5m (down 5.0% from 3Q 2020). Net loss: US$14.7m (down US$15.3m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 11Second quarter 2021 earnings releasedThe company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$150.8m (down 35% from 2Q 2020). Net income: US$2.10m (down 97% from 2Q 2020). Profit margin: 1.4% (down from 31% in 2Q 2020). The decrease in margin was driven by lower revenue.Reported Earnings • May 14First quarter 2021 earnings releasedThe company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: US$124.1m (down 50% from 1Q 2020). Net loss: US$21.3m (down 138% from profit in 1Q 2020).Reported Earnings • Mar 02Full year 2020 earnings releasedThe company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$747.4m (up 7.9% from FY 2019). Net income: US$88.1m (down 47% from FY 2019). Profit margin: 12% (down from 24% in FY 2019). The decrease in margin was driven by higher expenses.Analyst Estimate Surprise Post Earnings • Mar 02Revenue beats expectationsRevenue exceeded analyst estimates by 3.8%. Over the next year, revenue is expected to shrink by 53% compared to a 30% growth forecast for the Oil and Gas industry in Germany.Is New 90 Day High Low • Feb 13New 90-day high: €6.54The company is up 12% from its price of €5.85 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.67 per share.Is New 90 Day High Low • Jan 14New 90-day high: €6.34The company is up 12% from its price of €5.66 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.65 per share.お知らせ • Dec 19+ 3 more updatesTORM plc to Report First Half, 2021 Results on Aug 10, 2021TORM plc announced that they will report first half, 2021 results on Aug 10, 2021株主還元1T4DE Oil and GasDE 市場7D0.07%-4.6%2.0%1Y74.5%56.7%-0.1%株主還元を見る業界別リターン: 1T4過去 1 年間で56.7 % の収益を上げたGerman Oil and Gas業界を上回りました。リターン対市場: 1T4過去 1 年間で-0.1 % の収益を上げたGerman市場を上回りました。価格変動Is 1T4's price volatile compared to industry and market?1T4 volatility1T4 Average Weekly Movement6.3%Oil and Gas Industry Average Movement10.8%Market Average Movement6.2%10% most volatile stocks in DE Market13.3%10% least volatile stocks in DE Market2.7%安定した株価: 1T4 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 1T4の 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1889597Jacob Meldgaardwww.torm.com海運会社であるTORM plcは、英国でプロダクトタンカーの船隊を所有・運航している。タンカー部門とマリン・エンジニアリング部門の2部門で事業を展開している。タンカー部門は、ガソリン、ジェット燃料、灯油、ナフサ、軽油などの石油精製品や、燃料油などのダーティ石油製品の輸送を行っている。マリン・エンジニアリング部門は、先進的で環境に優しい海洋機器の開発・製造に従事している。TORM plcは1889年に設立され、英国ロンドンに本社を置いている。もっと見るTORM plc 基礎のまとめTORM の収益と売上を時価総額と比較するとどうか。1T4 基礎統計学時価総額€2.87b収益（TTM）€297.01m売上高(TTM)€1.21b9.7xPER（株価収益率2.4xP/Sレシオ1T4 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計1T4 損益計算書（TTM）収益US$1.41b売上原価US$679.30m売上総利益US$733.10mその他の費用US$387.70m収益US$345.40m直近の収益報告Mar 31, 2026次回決算日Aug 26, 2026一株当たり利益（EPS）3.38グロス・マージン51.90%純利益率24.45%有利子負債／自己資本比率47.6%1T4 の長期的なパフォーマンスは？過去の実績と比較を見る配当金6.5%現在の配当利回り49%配当性向1T4 配当は確実ですか？1T4 配当履歴とベンチマークを見る1T4 、いつまでに購入すれば配当金を受け取れますか？TORM 配当日配当落ち日May 27 2026配当支払日Jun 11 2026配当落ちまでの日数5 days配当支払日までの日数20 days1T4 配当は確実ですか？1T4 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 18:14終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋TORM plc 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関null nullABG Sundal CollierMarcus BellanderCarnegie Investment Bank ABBendik NyttingnesDanske Bank4 その他のアナリストを表示
Declared Dividend • 19hFirst quarter dividend of US$0.70 announcedShareholders will receive a dividend of US$0.70. Ex-date: 27th May 2026 Payment date: 11th June 2026 Dividend yield will be 7.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (254% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 56% over the next 3 years. Since a fall of 45% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Board Change • 19hLess than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Annette Beate Wacknitz Justad was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 26+ 1 more updateTORM plc Announces Interim Dividend for the Fourth Quarter of 2025, Payable on 25 March 2026TORM plc announced that the Board of Directors has approved an interim dividend for the fourth quarter of 2025 of USD 0.70 per share to be paid to the shareholders, corresponding to an expected total dividend payment of USD 70.9 million. The payment date is 25 March 2026 to all shareholders on record as of 12 March 2026, and the ex-dividend date is 11 March 2026 for the shares listed on Nasdaq OMX Copenhagen and 12 March 2026 for the shares listed on Nasdaq New York.
Board Change • Jan 08Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Annette Beate Wacknitz Justad was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 07TORM plc Announces Departure of Deputy Chairman and Senior Independent Director David Weinstein and Board Structure Changes, Effective January 6, 2026TORM plc announced that as the ownership stake held by Oaktree Capital Management, L.P. and its affiliates is now below the one-third threshold, the position and authority of the B-Director is extinguished. As a result, Deputy Chairman and Senior Independent Director, David Weinstein, will leave the Board effective as of January 6, 2026. Upon his departure from the Board, the Company has retained Mr. Weinstein in an ongoing capacity as a Special Advisor to the Board. The limitations on TORM plc's actions set out in Article 137 stop having effect immediately at the threshold date and no approvals will be needed other than any provided under the legislation for any reserved matter after that time. The B- and C-shares are in the process of being redeemed and cancelled in accordance with the Articles and no further B- or C-shares can then be issued. The C-share right to vote 350,000,000 shares has ceased as from the threshold date. The right of the B-share to one vote continues until it is redeemed. Therefore, from the threshold date, the voting rights are 101,332,707 A-shares and one B-share, each with one vote per share. After the redemption/cancellation, TORM plc's share capital will amount to USD 1,013,327.07 dividend into 101,332,707 A-shares of USD 0.01 each.
お知らせ • Dec 24Hafnia Limited (OB:HAFNI) completed the acquisition of 13.97% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates.Hafnia Limited (OB:HAFNI) enters into a preliminary agreement to acquire 14.45% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates for approximately $310 million on September 3, 2025. Hafnia Limited entered into a binding share purchase agreement to acquire 14.45% stake in TORM plc on September 11, 2025. A cash consideration valued at $22 per share will be paid by Hafnia Limited. The Announcement notes that completion of the Share Purchase is subject to entry into a definitive agreement and the fulfilment of customary conditions precedent, including among others, obtaining any required regulatory clearances and approvals, the satisfaction of certain covenants, The appointment of a new independent board chairman of TORM and approval of the Transaction by the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica – CADE) in Brazil. As of December 18, 2025, all conditions precedent required for the completion of Hafnia’s acquisition of approximately 14.1 million A-shares in TORM plc have been satisfied. Since September 11, 2025, TORM has announced to have increased its issued share capital by 3,380,278 new A-shares. Consequently, Hafnia’s acquisition of approximately 14.1 million A-shares will represent approximately 13.97% of TORM’s issued share capital as per the date hereof. Upon completion, Hafnia will hold approximately 13.97% of the issued share capital of TORM. Completion of the acquisition is expected to take place shortly. Dan Schuster-Woldan, Matthew Hearn, Ross Ferguson, Christopher J. Cummings, Deeksha Rathi of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Oaktree Capital Management, L.P., and its affiliates in the sale of stake in TORM. Henrik Laursen, Janus Jepsen, Peter E. Stassen, Lise Aaby Nielsen, Lynge Daugaard Jensen of Plesner Advokatpartnerselskab acted as legal advisor to Hafnia Limited. Hafnia Limited (OB:HAFNI) completed the acquisition of 13.97% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates on December 22, 2025.
Declared Dividend • 19hFirst quarter dividend of US$0.70 announcedShareholders will receive a dividend of US$0.70. Ex-date: 27th May 2026 Payment date: 11th June 2026 Dividend yield will be 7.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (254% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 56% over the next 3 years. Since a fall of 45% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Board Change • 19hLess than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Annette Beate Wacknitz Justad was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 26+ 1 more updateTORM plc Announces Interim Dividend for the Fourth Quarter of 2025, Payable on 25 March 2026TORM plc announced that the Board of Directors has approved an interim dividend for the fourth quarter of 2025 of USD 0.70 per share to be paid to the shareholders, corresponding to an expected total dividend payment of USD 70.9 million. The payment date is 25 March 2026 to all shareholders on record as of 12 March 2026, and the ex-dividend date is 11 March 2026 for the shares listed on Nasdaq OMX Copenhagen and 12 March 2026 for the shares listed on Nasdaq New York.
Board Change • Jan 08Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Annette Beate Wacknitz Justad was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 07TORM plc Announces Departure of Deputy Chairman and Senior Independent Director David Weinstein and Board Structure Changes, Effective January 6, 2026TORM plc announced that as the ownership stake held by Oaktree Capital Management, L.P. and its affiliates is now below the one-third threshold, the position and authority of the B-Director is extinguished. As a result, Deputy Chairman and Senior Independent Director, David Weinstein, will leave the Board effective as of January 6, 2026. Upon his departure from the Board, the Company has retained Mr. Weinstein in an ongoing capacity as a Special Advisor to the Board. The limitations on TORM plc's actions set out in Article 137 stop having effect immediately at the threshold date and no approvals will be needed other than any provided under the legislation for any reserved matter after that time. The B- and C-shares are in the process of being redeemed and cancelled in accordance with the Articles and no further B- or C-shares can then be issued. The C-share right to vote 350,000,000 shares has ceased as from the threshold date. The right of the B-share to one vote continues until it is redeemed. Therefore, from the threshold date, the voting rights are 101,332,707 A-shares and one B-share, each with one vote per share. After the redemption/cancellation, TORM plc's share capital will amount to USD 1,013,327.07 dividend into 101,332,707 A-shares of USD 0.01 each.
お知らせ • Dec 24Hafnia Limited (OB:HAFNI) completed the acquisition of 13.97% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates.Hafnia Limited (OB:HAFNI) enters into a preliminary agreement to acquire 14.45% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates for approximately $310 million on September 3, 2025. Hafnia Limited entered into a binding share purchase agreement to acquire 14.45% stake in TORM plc on September 11, 2025. A cash consideration valued at $22 per share will be paid by Hafnia Limited. The Announcement notes that completion of the Share Purchase is subject to entry into a definitive agreement and the fulfilment of customary conditions precedent, including among others, obtaining any required regulatory clearances and approvals, the satisfaction of certain covenants, The appointment of a new independent board chairman of TORM and approval of the Transaction by the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica – CADE) in Brazil. As of December 18, 2025, all conditions precedent required for the completion of Hafnia’s acquisition of approximately 14.1 million A-shares in TORM plc have been satisfied. Since September 11, 2025, TORM has announced to have increased its issued share capital by 3,380,278 new A-shares. Consequently, Hafnia’s acquisition of approximately 14.1 million A-shares will represent approximately 13.97% of TORM’s issued share capital as per the date hereof. Upon completion, Hafnia will hold approximately 13.97% of the issued share capital of TORM. Completion of the acquisition is expected to take place shortly. Dan Schuster-Woldan, Matthew Hearn, Ross Ferguson, Christopher J. Cummings, Deeksha Rathi of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Oaktree Capital Management, L.P., and its affiliates in the sale of stake in TORM. Henrik Laursen, Janus Jepsen, Peter E. Stassen, Lise Aaby Nielsen, Lynge Daugaard Jensen of Plesner Advokatpartnerselskab acted as legal advisor to Hafnia Limited. Hafnia Limited (OB:HAFNI) completed the acquisition of 13.97% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates on December 22, 2025.
お知らせ • Dec 20TORM plc, Annual General Meeting, Apr 15, 2026TORM plc, Annual General Meeting, Apr 15, 2026.
お知らせ • Dec 19+ 3 more updatesTORM plc to Report First Half, 2026 Results on Aug 26, 2026TORM plc announced that they will report first half, 2026 results on Aug 26, 2026
お知らせ • Nov 07+ 1 more updateTORM plc Increases Earnings Guidance for the Full Year of 2025TORM plc increased earnings guidance for the full year of 2025. For the period, TCE earnings are expected to be in the range of USD 875 million - USD 925 million (previous guidance USD 800 million - USD 950 million).
お知らせ • Aug 16+ 1 more updateTorm plc Approves Interim Dividend for Second Quarter of 2025, Payable on 3 September 2025The Board of Directors of TORM plc have approved an interim dividend for the second quarter of 2025 of USD 0.40 per share to be paid to the shareholders corresponding to an expected total dividend payment of USD 39.2 million. The distribution for the quarter is equivalent to 67% of net profit and reflects the Distribution Policy. The payment date is 3 September 2025 to all shareholders on record as of 22 August 2025, and the ex-dividend date is 21 August 2025 for the shares listed on Nasdaq OMX Copenhagen and 22 August 2025 for the shares listed on Nasdaq New York.
お知らせ • Jun 04TORM plc (CPSE:TRMD A) acquired remaining 25% stake in ME Production A/S from Jens Peter Faldt.TORM plc (CPSE:TRMD A) acquired remaining 25% stake in ME Production A/S from Jens Peter Faldt on June 3, 2025. TORM plc (CPSE:TRMD A) Completed the acquisition of remaining 25% stake in ME Production A/S from Jens Peter Faldt on June 3, 2025.
お知らせ • May 09+ 1 more updateTORM plc Narrows Earnings Guidance for the Full Year of 2025TORM plc narrowed earnings guidance for the full year of 2025. Based on the earnings realized in the first quarter of the year as well as the coverage for the remaining part of the year, the company narrows the full-year 2025 guidance. Thus, TCE earnings are expected to be in the range of USD 700 million to USD 900 million (2024: USD 1,135 million).
お知らせ • Mar 06+ 1 more updateTorm plc Provides Earnings Guidance for the Year 2025TORM plc provided earnings guidance for the year 2025. For the full year 2025, TCE earnings are expected to be in the range of USD 650 million - 950 million (2024: USD 1,135m).
New Risk • Jan 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 29% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (181% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding).
Board Change • Dec 30Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Employee Representative Board Observer Christian Gorrissen was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Declared Dividend • Nov 10Third quarter dividend of US$1.20 announcedShareholders will receive a dividend of US$1.20. Ex-date: 20th November 2024 Payment date: 4th December 2024 Dividend yield will be 24%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (178% cash payout ratio). The dividend has increased by an average of 28% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to decline by 47% over the next 2 years. Since a fall of 19% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: US$1.38 (vs US$1.47 in 3Q 2023)Third quarter 2024 results: EPS: US$1.38. Revenue: US$372.1m (up 3.9% from 3Q 2023). Net income: US$130.5m (up 5.0% from 3Q 2023). Profit margin: 35% (in line with 3Q 2023). Revenue is forecast to decline by 18% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat.
お知らせ • Nov 08TORM plc, Annual General Meeting, Apr 16, 2025TORM plc, Annual General Meeting, Apr 16, 2025.
お知らせ • Nov 07+ 3 more updatesTORM plc to Report Q3, 2025 Results on Nov 06, 2025TORM plc announced that they will report Q3, 2025 results on Nov 06, 2025
Recent Insider Transactions • Oct 09CEO & Executive Director recently sold €7.8m worth of stockOn the 4th of October, Jacob Meldgaard sold around 261k shares on-market at roughly €29.94 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jacob has been a net seller over the last 12 months, reducing personal holdings by €22m.
Upcoming Dividend • Aug 21Upcoming dividend of US$1.80 per shareEligible shareholders must have bought the stock before 28 August 2024. Payment date: 30 August 2024. Payout ratio is on the higher end at 76%, and the cash payout ratio is above 100%. Trailing yield: 15%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.5%).
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: US$2.08 (vs US$2.23 in 2Q 2023)Second quarter 2024 results: EPS: US$2.08. Revenue: US$437.7m (up 14% from 2Q 2023). Net income: US$194.5m (up 4.7% from 2Q 2023). Profit margin: 44% (down from 48% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 37%.
お知らせ • Aug 15+ 1 more updateTORM plc Approves Dividend for the Second Quarter 2024, Payable September 11, 2024TORM plc approved an interim dividend for the second quarter of 2024 of USD 1.80 per share to be paid to the shareholders corresponding to an expected total dividend payment of USD 169.8 Million. The distribution for the quarter is equivalent to 87% of net profit adjusted for profit from sale of vessels and reflects the Distribution Policy implemented this year. The payment date is 11 September 2024 to all shareholders of record as of 29 August 2024, and the ex-dividend date is 28 August 2024 for the shares listed on Nasdaq OMX Copenhagen and 29 August 2024 for the shares listed on Nasdaq New York.
お知らせ • May 31TORM plc has filed a Follow-on Equity Offering.TORM plc has filed a Follow-on Equity Offering. Security Name: Class A Common Shares Security Type: Common Stock Securities Offered: 6,896,552
Declared Dividend • May 13Fourth quarter dividend of US$1.50 announcedShareholders will receive a dividend of US$1.50. Ex-date: 21st May 2024 Payment date: 4th June 2024 Dividend yield will be 16%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not covered by cash flows (184% cash payout ratio). The dividend has increased by an average of 28% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to decline by 60% over the next 3 years. Since a fall of 17% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
お知らせ • May 09+ 1 more updateTorm plc Revises Earnings Guidance for the Year 2024TORM plc revised earnings guidance for the year 2024. Based on the earnings realized in the first quarter of the year and the coverage achieved for the coming quarter TORM narrows its full-year guidance by increasing the low end of the guidance range, thus Time charter equivalent earnings (TCE) earnings are expected to be in the range of USD 1.1 - 1.35bn (previous outlook: USD 1.0 - 1.35bn).
お知らせ • Apr 11TORM plc Approves a Final Dividend for the Year Ended 31 December 2023TORM plc approved a final dividend of USD 1.36 per A-share for the year ended 31 December 2023.
Upcoming Dividend • Apr 08Upcoming dividend of US$1.36 per shareEligible shareholders must have bought the stock before 15 April 2024. Payment date: 24 April 2024. Payout ratio is a comfortable 75% but the company is paying out more than the cash it is generating. Trailing yield: 16%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.2%).
お知らせ • Mar 08TORM plc Provides Earnings Guidance for the Year 2024TORM plc provided earnings guidance for the year 2024. For the full year 2024, TCE earnings are expected to be in the range of USD 1.0 billion – 1.35 billion.
Reported Earnings • Mar 08Full year 2023 earnings released: EPS: US$7.75 (vs US$6.92 in FY 2022)Full year 2023 results: EPS: US$7.75 (up from US$6.92 in FY 2022). Revenue: US$1.52b (up 5.3% from FY 2022). Net income: US$648.3m (up 15% from FY 2022). Profit margin: 43% (up from 39% in FY 2022). Revenue is forecast to decline by 21% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 07TORM plc Recommends Final Dividend for the Financial Year Ended 31 December 2023, Payable on 24 April 2024According to the TORM plc’s Distribution Policy, the Company intends to declare a quarterly dividend based on the cash position at the end of each quarter. The Board is recommending a final dividend for the financial year ended 31 December 2023 of USD 1.36 per A-share. When taking into account share issuances that are expected to take place prior to the dividend record date, this is expected to equate to an aggregate dividend payment of USD 126.3 million. This dividend is expected to be paid on 24 April 2024 to all shareholders appearing on the register of members as of 16 April 2024. The payment of the dividend is not conditional on the proposed Capital Reduction.
お知らせ • Jan 19TORM plc has completed a Follow-on Equity Offering in the amount of $19.100624 million.TORM plc has completed a Follow-on Equity Offering in the amount of $19.100624 million. Security Name: Class A shares Security Type: Common Stock Securities Offered: 616,746 Price\Range: $30.97
お知らせ • Dec 02+ 4 more updatesTORM plc to Report Q3, 2024 Results on Nov 07, 2024TORM plc announced that they will report Q3, 2024 results on Nov 07, 2024
New Risk • Nov 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by cash flows (104% cash payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (€15m sold).
Recent Insider Transactions • Nov 17CEO & Executive Director recently sold €28m worth of stockOn the 14th of November, Jacob Meldgaard sold around 507k shares on-market at roughly €55.78 per share. This transaction amounted to 99% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jacob's only on-market trade for the last 12 months.
Upcoming Dividend • Nov 14Upcoming dividend of US$1.46 per share at 19% yieldEligible shareholders must have bought the stock before 21 November 2023. Payment date: 23 November 2023. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 19%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.7%).
New Risk • Nov 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by cash flows (104% cash payout ratio). Shareholders have been diluted in the past year (3.4% increase in shares outstanding).
お知らせ • Nov 12Torm plc Revises Earnings Guidance for the Full-Year 2023TORM plc revised earnings guidance for the full-year 2023. For the year, TCE earnings are expected to be in the range of USD 1,075 million -1,125 million (previous outlook: USD 1,050 million -1,175 million).
お知らせ • Nov 11TORM plc Approves Interim Dividend for the Third Quarter of 2023, Payable on 05 December 2023TORM plc Board of Directors has approved an interim dividend for Third Quarter 2023 of USD 1.46 per share, resulting in an expected total dividend payment of USD 123.2m. The payment date is 05 December 2023 while the ex-dividend date is 21 November 2023, and the record date is 22 November 2023.
Reported Earnings • Nov 10Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: US$358.1m (down 20% from 3Q 2022). Net income: US$124.3m (down 43% from 3Q 2022). Profit margin: 35% (down from 48% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 18New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 55% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 42% per year for the foreseeable future. Minor Risks High level of debt (55% net debt to equity). Dividend is not well covered by cash flows (116% cash payout ratio).
Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: US$2.23 (vs US$1.31 in 2Q 2022)Second quarter 2023 results: EPS: US$2.23 (up from US$1.31 in 2Q 2022). Revenue: US$384.3m (up 14% from 2Q 2022). Net income: US$185.8m (up 74% from 2Q 2022). Profit margin: 48% (up from 32% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is expected to decline by 30% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 18+ 1 more updateTORM plc Provides Earnings Guidance for the Full Year 2023TORM plc provided earnings guidance for the full year 2023. For the year, the company expected TCE earnings to be in the range of USD 1,050 million to USD 1,175 million (previous outlook: USD 1,025 million to 1,375 million).
Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Employee Representative Board Observer Christian Gorrissen was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Upcoming Dividend • May 15Upcoming dividend of US$1.46 per share at 16% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 16%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.8%).
お知らせ • May 12TORM plc Reaffirms Earnings Guidance for the Year 2023TORM plc reaffirmed earnings guidance for the year 2023. For the full year 2023, the company earnings are expected to be in the range of USD 1,025 million to USD 1,375 million (unchanged from the outlook released on 16 March 2023).
Reported Earnings • May 12First quarter 2023 earnings released: EPS: US$1.87 (vs US$0.13 in 1Q 2022)First quarter 2023 results: EPS: US$1.87 (up from US$0.13 in 1Q 2022). Revenue: US$390.2m (up 86% from 1Q 2022). Net income: US$153.6m (up US$143.2m from 1Q 2022). Profit margin: 39% (up from 5.0% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 27% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 11TORM plc Approves an Interim Dividend for First Quarter 2023, Payable on 6 June 2023TORM plc's board of directors has approved an interim dividend for first quarter 2023 of USD 1.46 per share, resulting in an expected total dividend payment of USD 121.1 million. The payment is expected on 6 June 2023, with ex-dividend date on 22 May 2023 and record date on 23 May 2023.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €31.82, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 400% over the past three years.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €26.36, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 416% over the past three years.
Reported Earnings • Mar 17Full year 2022 earnings releasedFull year 2022 results: Revenue: US$1.44b (up 133% from FY 2021). Net income: US$562.8m (up US$604.8m from FY 2021). Profit margin: 39% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 26% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 68% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €21.22, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 231% over the past three years.
お知らせ • Dec 08+ 3 more updatesTORM plc to Report Q3, 2023 Results on Nov 09, 2023TORM plc announced that they will report Q3, 2023 results on Nov 09, 2023
お知らせ • Dec 07TORM plc, Annual General Meeting, Apr 13, 2023TORM plc, Annual General Meeting, Apr 13, 2023.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: US$2.66 (vs US$0.18 loss in 3Q 2021)Third quarter 2022 results: EPS: US$2.66 (up from US$0.18 loss in 3Q 2021). Revenue: US$448.1m (up 188% from 3Q 2021). Net income: US$217.1m (up US$231.8m from 3Q 2021). Profit margin: 48% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings.
Upcoming Dividend • Nov 16Upcoming dividend of US$1.46 per shareEligible shareholders must have bought the stock before 22 November 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (0.9%).
Reported Earnings • Nov 13Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: US$448.1m (up 188% from 3Q 2021). Net income: US$217.1m (up US$231.8m from 3Q 2021). Profit margin: 48% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is expected to fall by 22% p.a. on average during the next 3 years compared to a 4.6% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to €29.84, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 321% over the past three years.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment improved over the past weekAfter last week's 18% share price gain to €21.92, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 179% over the past three years.
Upcoming Dividend • Aug 24Upcoming dividend of US$0.58 per shareEligible shareholders must have bought the stock before 31 August 2022. Payment date: 16 September 2022. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.1%).
Reported Earnings • Aug 19Second quarter 2022 earnings released: EPS: US$1.31 (vs US$0.027 in 2Q 2021)Second quarter 2022 results: EPS: US$1.31 (up from US$0.027 in 2Q 2021). Revenue: US$338.5m (up 125% from 2Q 2021). Net income: US$106.6m (up US$104.5m from 2Q 2021). Profit margin: 32% (up from 1.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 51% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.
お知らせ • Aug 18Torm plc Approves an Interim Dividend for Second Quarter 2022, Payment Is Expected on 16 September 2022TORM plc announced that Board of Directors has approved an interim dividend for Second Quarter 2022 of USD 0.58 per share, with an expected total dividend of USD 47 million. Payment is expected on 16 September 2022, with ex-dividend date on 31 August 2022.
お知らせ • Aug 17TORM plc (CPSE:TRMD A) completed the acquisition of 75% stake in Me Production A/S from Jens Peter Faldt and other shareholders.TORM plc (CPSE:TRMD A) acquired 75% stake in Me Production A/S from Jens Peter Faldt and other shareholders on August 16, 2022. Jens Peter Faldt will maintain 25% ownership of Me Production.TORM plc (CPSE:TRMD A) completed the acquisition of 75% stake in Me Production A/S from Jens Peter Faldt and other shareholders on August 16, 2022.
Reported Earnings • May 12First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: US$209.4m (up 69% from 1Q 2021). Net income: US$10.4m (up US$31.7m from 1Q 2021). Profit margin: 5.0% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to stay flat compared to a 59% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 04Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: US$0.54 loss per share (down from US$1.19 profit in FY 2020). Revenue: US$619.5m (down 17% from FY 2020). Net loss: US$42.1m (down 148% from profit in FY 2020). Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 26%, compared to a 68% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 11Third quarter 2021 earnings released: US$0.18 loss per share (vs US$0.008 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: US$155.5m (down 5.0% from 3Q 2020). Net loss: US$14.7m (down US$15.3m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 11Second quarter 2021 earnings releasedThe company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$150.8m (down 35% from 2Q 2020). Net income: US$2.10m (down 97% from 2Q 2020). Profit margin: 1.4% (down from 31% in 2Q 2020). The decrease in margin was driven by lower revenue.
Reported Earnings • May 14First quarter 2021 earnings releasedThe company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: US$124.1m (down 50% from 1Q 2020). Net loss: US$21.3m (down 138% from profit in 1Q 2020).
Reported Earnings • Mar 02Full year 2020 earnings releasedThe company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$747.4m (up 7.9% from FY 2019). Net income: US$88.1m (down 47% from FY 2019). Profit margin: 12% (down from 24% in FY 2019). The decrease in margin was driven by higher expenses.
Analyst Estimate Surprise Post Earnings • Mar 02Revenue beats expectationsRevenue exceeded analyst estimates by 3.8%. Over the next year, revenue is expected to shrink by 53% compared to a 30% growth forecast for the Oil and Gas industry in Germany.
Is New 90 Day High Low • Feb 13New 90-day high: €6.54The company is up 12% from its price of €5.85 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.67 per share.
Is New 90 Day High Low • Jan 14New 90-day high: €6.34The company is up 12% from its price of €5.66 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.65 per share.
お知らせ • Dec 19+ 3 more updatesTORM plc to Report First Half, 2021 Results on Aug 10, 2021TORM plc announced that they will report first half, 2021 results on Aug 10, 2021
