View Future GrowthTORM 過去の業績過去 基準チェック /26TORMは、平均年間24.7%の収益成長を遂げていますが、 Oil and Gas業界の収益は、年間 成長しています。収益は、平均年間9.5% 14.9%収益成長率で 成長しています。 TORMの自己資本利益率は15.2%であり、純利益率は24.5%です。主要情報24.71%収益成長率22.20%EPS成長率Oil and Gas 業界の成長27.84%収益成長率14.87%株主資本利益率15.20%ネット・マージン24.45%次回の業績アップデート26 Aug 2026最近の業績更新Reported Earnings • Feb 27Full year 2025 earnings released: EPS: US$2.91 (vs US$6.54 in FY 2024)Full year 2025 results: EPS: US$2.91 (down from US$6.54 in FY 2024). Revenue: US$1.34b (down 14% from FY 2024). Net income: US$285.3m (down 53% from FY 2024). Profit margin: 21% (down from 39% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 16% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.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分析記事 • Nov 16Why TORM's (CPH:TRMD A) Shaky Earnings Are Just The Beginning Of Its ProblemsDespite TORM plc's ( CPH:TRMD A ) recent earnings report having lackluster headline numbers, the market responded...Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: US$0.79 (vs US$1.38 in 3Q 2024)Third quarter 2025 results: EPS: US$0.79 (down from US$1.38 in 3Q 2024). Revenue: US$342.6m (down 7.9% from 3Q 2024). Net income: US$77.6m (down 41% from 3Q 2024). Profit margin: 23% (down from 35% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 28% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.60 (down from US$2.08 in 2Q 2024). Revenue: US$315.2m (down 28% from 2Q 2024). Net income: US$58.6m (down 70% from 2Q 2024). Profit margin: 19% (down from 44% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 52%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Revenue is expected to decline by 26% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.分析記事 • May 17Why TORM's (CPH:TRMD A) Shaky Earnings Are Just The Beginning Of Its ProblemsThe market rallied behind TORM plc's ( CPH:TRMD A ) stock, leading do a rise in the share price after its recent weak...すべての更新を表示Recent updatesNew Risk • May 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 21% Last year net profit margin: 39% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Significant insider selling over the past 3 months (kr.78m sold).Recent Insider Transactions • May 23CEO & Executive Director recently sold kr.78m worth of stockOn the 20th of May, Jacob Meldgaard sold around 379k shares on-market at roughly kr.206 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 kr.95m.Major Estimate Revision • May 20Consensus revenue estimates increase by 23%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from US$1.29b to US$1.59b. EPS estimate increased from US$5.43 to US$7.43 per share. Net income forecast to grow 103% next year vs 48% growth forecast for Oil and Gas industry in Denmark. Consensus price target up from kr.189 to kr.212. Share price fell 2.4% to kr.207 over the past week.Declared Dividend • May 16First 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 5.5%, which is lower than the industry average of 6.4%. 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 53% 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.Buy Or Sell Opportunity • May 15Now 23% undervaluedOver the last 90 days, the stock has risen 32% to kr.212. The fair value is estimated to be kr.274, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to decline by 29% in 2 years. Earnings are forecast to decline by 17% in the next 2 years.ライブニュース • May 14TORM Lifts 2026 Outlook on Strong Q1 Results Fleet Renewal and Record Freight RatesTORM reported strong Q1 2026 earnings, supported by firm freight rates, operational efficiencies and disciplined execution, with revenue higher than the same period a year ago. Management sharply raised full-year 2026 guidance, citing a strong start to the year, solid Q2 bookings and record-high freight rates in April. The company continued its fleet renewal by acquiring six MR resale vessels and selling older ships, while approving an interim dividend of US$0.70 per share for Q1 2026. The tighter tanker supply linked to the closure of the Strait of Hormuz, together with the added capacity from newer MR vessels, points to a business that is leaning into current market conditions while keeping operational flexibility in focus. For investors, the key things to watch are how long elevated freight rates and geopolitical disruptions persist, and whether the company’s fleet renewal and dividend payouts remain aligned with its balance sheet strength and cash generation.分析記事 • Apr 15Analysts Just Made A Notable Upgrade To Their TORM plc (CPH:TRMD A) ForecastsTORM plc ( CPH:TRMD A ) shareholders will have a reason to smile today, with the analysts making substantial upgrades...Major Estimate Revision • Apr 14Consensus EPS estimates increase by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$1.14b to US$1.18b. EPS estimate increased from US$2.91 to US$3.45 per share. Net income forecast to grow 27% next year vs 35% growth forecast for Oil and Gas industry in Denmark. Consensus price target of kr.167 unchanged from last update. Share price was steady at kr.191 over the past week.New Risk • Mar 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.3% 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 16% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Significant insider selling over the past 3 months (kr.17m sold).Major Estimate Revision • Mar 05Consensus revenue estimates increase by 22%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$983.5m to US$1.20b. EPS estimate unchanged from US$3.82 at last update. Oil and Gas industry in Denmark expected to see average net income growth of 26% next year. Consensus price target up from kr.146 to kr.165. Share price rose 4.1% to kr.193 over the past week.Declared Dividend • Mar 02Fourth quarter dividend of US$0.70 announcedShareholders will receive a dividend of US$0.70. Ex-date: 11th March 2026 Payment date: 13th March 2026 Dividend yield will be 5.3%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (114% 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 19% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Reported Earnings • Feb 27Full year 2025 earnings released: EPS: US$2.91 (vs US$6.54 in FY 2024)Full year 2025 results: EPS: US$2.91 (down from US$6.54 in FY 2024). Revenue: US$1.34b (down 14% from FY 2024). Net income: US$285.3m (down 53% from FY 2024). Profit margin: 21% (down from 39% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 16% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.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.新しいナラティブ • Feb 03Longer Trade Routes And Tight Fleet Supply Will Support Stronger Long Term OutcomesCatalysts About TORM TORM operates a fleet of product tankers that transport refined oil products such as gasoline, jet fuel and middle distillates worldwide. What are the underlying business or industry changes driving this perspective?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.Recent Insider Transactions • Dec 23CEO & Executive Director recently sold kr.17m worth of stockOn the 19th of December, Jacob Meldgaard sold around 132k shares on-market at roughly kr.128 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. This was Jacob's only on-market trade for the last 12 months.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, 2026Recent Insider Transactions Derivative • Nov 17CEO & Executive Director exercised options to buy kr.85m worth of stock.On the 14th of November, Jacob Meldgaard exercised options to buy 585k shares at a strike price of around kr.20.39, costing a total of kr.12m. This transaction amounted to 320% of their direct individual holding at the time of the trade. Since March 2025, Jacob's direct individual holding has increased from 85.07k shares to 182.79k. Company insiders have collectively bought kr.12m more than they sold, via options and on-market transactions, in the last 12 months.分析記事 • Nov 16Why TORM's (CPH:TRMD A) Shaky Earnings Are Just The Beginning Of Its ProblemsDespite TORM plc's ( CPH:TRMD A ) recent earnings report having lackluster headline numbers, the market responded...Declared Dividend • Nov 09Third quarter dividend of US$0.62 announcedShareholders will receive a dividend of US$0.62. Ex-date: 19th November 2025 Payment date: 21st November 2025 Dividend yield will be 6.7%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is not covered by earnings (180% earnings payout ratio) nor is it covered by cash flows (203% cash payout ratio). The dividend has increased by an average of 23% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 100% to bring the payout ratio under control. However, EPS is expected to decline by 57% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.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).Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: US$0.79 (vs US$1.38 in 3Q 2024)Third quarter 2025 results: EPS: US$0.79 (down from US$1.38 in 3Q 2024). Revenue: US$342.6m (down 7.9% from 3Q 2024). Net income: US$77.6m (down 41% from 3Q 2024). Profit margin: 23% (down from 35% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 28% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.分析記事 • Oct 24Are Investors Undervaluing TORM plc (CPH:TRMD A) By 38%?Key Insights The projected fair value for TORM is kr.225 based on 2 Stage Free Cash Flow to Equity TORM's kr.139 share...分析記事 • Oct 09The Returns At TORM (CPH:TRMD A) Aren't GrowingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Sep 23There Is A Reason TORM plc's (CPH:TRMD A) Price Is UndemandingTORM plc's ( CPH:TRMD A ) price-to-earnings (or "P/E") ratio of 6.6x might make it look like a strong buy right now...Major Estimate Revision • Aug 20Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$869.9m to US$888.2m. EPS estimate increased from US$2.26 to US$2.52 per share. Net income forecast to shrink 18% next year vs 23% growth forecast for Oil and Gas industry in Denmark . Consensus price target up from kr.132 to kr.141. Share price rose 4.3% to kr.128 over the past week.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.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.60 (down from US$2.08 in 2Q 2024). Revenue: US$315.2m (down 28% from 2Q 2024). Net income: US$58.6m (down 70% from 2Q 2024). Profit margin: 19% (down from 44% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 52%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Revenue is expected to decline by 26% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.分析記事 • Jul 24An Intrinsic Calculation For TORM plc (CPH:TRMD A) Suggests It's 48% UndervaluedKey Insights The projected fair value for TORM is kr.230 based on 2 Stage Free Cash Flow to Equity Current share price...分析記事 • Jul 07TORM (CPH:TRMD A) Is Experiencing Growth In Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...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.分析記事 • May 17Why TORM's (CPH:TRMD A) Shaky Earnings Are Just The Beginning Of Its ProblemsThe market rallied behind TORM plc's ( CPH:TRMD A ) stock, leading do a rise in the share price after its recent weak...お知らせ • May 09TORM 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).Reported Earnings • May 09First quarter 2025 earnings released: EPS: US$0.64 (vs US$2.34 in 1Q 2024)First quarter 2025 results: EPS: US$0.64 (down from US$2.34 in 1Q 2024). Revenue: US$329.1m (down 26% from 1Q 2024). Net income: US$62.3m (down 70% from 1Q 2024). Profit margin: 19% (down from 47% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to decline by 27% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • May 09TORM plc Approves Interim Dividend for the First Quarter of 2025, Payable on 04 June 2025TORM's Board of Directors has approved an interim dividend for the first quarter of 2025 of USD 0.40 per share to be paid to the shareholders corresponding to an expected total dividend payment of USD 39.1 million. The distribution for the quarter is equivalent to 62% of net profit and reflects the Distribution Policy. The payment date is 04 June 2025 to all shareholders on record as of 22 May 2025, and the ex-dividend date is 21 May 2025 for the shares listed on Nasdaq OMX Copenhagen and 22 May 2025 for the shares listed on Nasdaq New York.分析記事 • Apr 09Shareholders May Not Be So Generous With TORM plc's (CPH:TRMD A) CEO Compensation And Here's WhyKey Insights TORM's Annual General Meeting to take place on 16th of April Salary of US$1.22m is part of CEO Jacob...Recent Insider Transactions • Apr 04Non-Executive Independent Director recently sold kr.308k worth of stockOn the 1st of April, Annette Beate Wacknitz Justad sold around 3k shares on-market at roughly kr.114 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. Insiders have been net sellers, collectively disposing of kr.60m more than they bought in the last 12 months.分析記事 • Mar 26TORM plc's (CPH:TRMD A) Business And Shares Still Trailing The MarketWhen close to half the companies in Denmark have price-to-earnings ratios (or "P/E's") above 16x, you may consider TORM...Upcoming Dividend • Mar 12Upcoming dividend of US$0.60 per shareEligible shareholders must have bought the stock before 19 March 2025. Payment date: 02 April 2025. Payout ratio is a comfortable 74% but the company is paying out more than the cash it is generating. Trailing yield: 33%. Within top quartile of Danish dividend payers (5.7%). Higher than average of industry peers (6.9%).Buy Or Sell Opportunity • Mar 11Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to kr.117. The fair value is estimated to be kr.151, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 41% in 2 years. Earnings are forecast to decline by 48% in the next 2 years.分析記事 • Mar 10Revenue Beat: TORM plc Exceeded Revenue Forecasts By 24% And Analysts Are Updating Their EstimatesInvestors in TORM plc ( CPH:TRMD A ) had a good week, as its shares rose 4.1% to close at kr.133 following the release...Reported Earnings • Mar 06Third 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 23% 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 • 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).Major Estimate Revision • Mar 06Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$1.02b to US$984.3m. EPS estimate also fell from US$3.49 per share to US$2.89 per share. Net income forecast to shrink 48% next year vs 16% growth forecast for Oil and Gas industry in Denmark . Consensus price target down from kr.162 to kr.150. Share price rose 3.7% to kr.133 over the past week.New Risk • Mar 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish 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 45% 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 (6.5% average weekly change).分析記事 • Jan 22These 4 Measures Indicate That TORM (CPH:TRMD A) Is Using Debt Reasonably WellThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Valuation Update With 7 Day Price Move • Jan 21Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to kr.140, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 406% over the past three years.分析記事 • Dec 22Investors Shouldn't Overlook TORM's (CPH:TRMD A) Impressive Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...分析記事 • Dec 03TORM plc's (CPH:TRMD A) Prospects Need A Boost To Lift SharesWith a price-to-earnings (or "P/E") ratio of 2.8x TORM plc ( CPH:TRMD A ) may be sending very bullish signals at the...Major Estimate Revision • Nov 17Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$1.38b to US$1.33b. EPS estimate also fell from US$7.84 per share to US$6.79 per share. Net income forecast to shrink 33% next year vs 25% growth forecast for Oil and Gas industry in Denmark . Consensus price target of kr.242 unchanged from last update. Share price fell 2.1% to kr.164 over the past week.分析記事 • Nov 15TORM's (CPH:TRMD A) Solid Earnings May Rest On Weak FoundationsTORM plc's ( CPH:TRMD A ) healthy profit numbers didn't contain any surprises for investors. However the statutory...分析記事 • Nov 11TORM plc Just Missed EPS By 11%: Here's What Analysts Think Will Happen NextShareholders might have noticed that TORM plc ( CPH:TRMD A ) filed its quarterly result this time last week. The early...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 20%, which is higher than the industry average of 6.4%. 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 08Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird 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 exceeded analyst estimates by 17%. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to decline by 19% 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 kr.58m worth of stockOn the 4th of October, Jacob Meldgaard sold around 261k shares on-market at roughly kr.223 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 kr.167m.分析記事 • Sep 30TORM (CPH:TRMD A) Has A Pretty Healthy Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Sep 16We Think TORM (CPH:TRMD A) Might Have The DNA Of A Multi-BaggerWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...Reported Earnings • Aug 16Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beatSecond 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 exceeded analyst estimates by 29%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to fall by 19% p.a. on average during the next 3 years compared to a 1.0% decline forecast for the Oil and Gas industry in Europe.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.分析記事 • Jul 17TORM plc's (CPH:TRMD A) Intrinsic Value Is Potentially 58% Above Its Share PriceKey Insights The projected fair value for TORM is kr.417 based on 2 Stage Free Cash Flow to Equity TORM is estimated to...分析記事 • Jun 11Benign Growth For TORM plc (CPH:TRMD A) Underpins Its Share PriceWhen close to half the companies in Denmark have price-to-earnings ratios (or "P/E's") above 15x, you may consider TORM...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: 6,896,552New Risk • May 13New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 47% 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 19% per year for the foreseeable future. Minor Risks High level of debt (47% net debt to equity). Dividend is not well covered by cash flows (184% cash payout ratio). Shareholders have been diluted in the past year (13% increase in shares outstanding).Declared Dividend • May 12First 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 13%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but not covered by cash flows (226% 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 67% over the next 3 years. Since a fall of 22% 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).Reported Earnings • May 08First quarter 2024 earnings released: EPS: US$2.34 (vs US$1.88 in 1Q 2023)First quarter 2024 results: EPS: US$2.34 (up from US$1.88 in 1Q 2023). Revenue: US$444.1m (up 14% from 1Q 2023). Net income: US$209.7m (up 37% from 1Q 2023). Profit margin: 47% (up from 39% in 1Q 2023). Revenue is expected to fall by 19% p.a. on average during the next 3 years compared to a 1.5% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth.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.Recent Insider Transactions Derivative • Apr 11CEO & Executive Director exercised options to buy kr.64m worth of stock.On the 5th of April, Jacob Meldgaard exercised options to buy 255k shares at a strike price of around kr.63.45, costing a total of kr.16m. Since June 2023, Jacob's direct individual holding has decreased from 510.61k shares to 255.20k. Company insiders have collectively sold kr.94m more than they bought, via options and on-market transactions in the last 12 months.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 Danish dividend payers (5.6%). Higher than average of industry peers (6.2%).分析記事 • Apr 05We Take A Look At Why TORM plc's (CPH:TRMD A) CEO Has Earned Their Pay PacketKey Insights TORM's Annual General Meeting to take place on 11th of April Salary of US$1.20m is part of CEO Jacob...分析記事 • Mar 15Investors Shouldn't Be Too Comfortable With TORM's (CPH:TRMD A) EarningsDespite posting some strong earnings, the market for TORM plc's ( CPH:TRMD A ) stock hasn't moved much. We did some...Major Estimate Revision • Mar 14Consensus revenue estimates increase by 18%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$1.17b to US$1.38b. EPS estimate increased from US$7.16 to US$7.30 per share. Net income forecast to grow 4.7% next year vs 5.4% growth forecast for Oil and Gas industry in Denmark. Consensus price target up from kr.266 to kr.274. Share price rose 2.3% to kr.236 over the past week.分析記事 • Mar 11TORM plc Beat Revenue Forecasts By 16%: Here's What Analysts Are Forecasting NextLast week saw the newest yearly earnings release from TORM plc ( CPH:TRMD A ), an important milestone in the company's...分析記事 • Mar 09Growth Investors: Industry Analysts Just Upgraded Their TORM plc (CPH:TRMD A) Revenue Forecasts By 10%Celebrations may be in order for TORM plc ( CPH:TRMD A ) shareholders, with the analysts delivering a significant...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 07Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull 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 exceeded analyst estimates by 16%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to fall by 21% p.a. on average during the next 3 years compared to a 2.0% decline forecast for the Oil and Gas industry in Europe. 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 61% 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.収支内訳TORM の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史CPSE:TRMD A 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 261,412345111031 Dec 251,340285114030 Sep 251,292276100030 Jun 251,32232996031 Mar 251,44446595031 Dec 241,55961396030 Sep 241,64271997030 Jun 241,62871393031 Mar 241,57470492031 Dec 231,52064883030 Sep 231,58069274030 Jun 231,67078569031 Mar 231,62470659031 Dec 221,44356355030 Sep 221,18532652030 Jun 228939451031 Mar 22705-1051031 Dec 21620-4252030 Sep 21547-7452030 Jun 21552-5952031 Mar 216291051031 Dec 207478851030 Sep 2082427550030 Jun 2081026549031 Mar 2074919949031 Dec 1969316648030 Sep 196681848030 Jun 19662248031 Mar 19659-1248031 Dec 18635-3548030 Sep 18638-2948030 Jun 18653-947031 Mar 18647-147031 Dec 17657245030 Sep 17639-19142030 Jun 17639-18542031 Mar 17659-16941031 Dec 16680-14241030 Sep 167137442030 Jun 1677213741031 Mar 1666714230031 Dec 1554012619030 Sep 1541910990質の高い収益: TRMD Aは 高品質の収益 を持っています。利益率の向上: TRMD Aの現在の純利益率 (24.5%)は、昨年(32.2%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: TRMD Aの収益は過去 5 年間で年間24.7%増加しました。成長の加速: TRMD Aは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: TRMD Aは過去 1 年間で収益成長率がマイナス ( -25.7% ) となったため、 Oil and Gas業界平均 ( 7.3% ) と比較することが困難です。株主資本利益率高いROE: TRMD Aの 自己資本利益率 ( 15.2% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YEnergy 、過去の業績が好調な企業。View Financial Health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2026/06/08 23:46終値2026/06/08 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
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: US$2.91 (vs US$6.54 in FY 2024)Full year 2025 results: EPS: US$2.91 (down from US$6.54 in FY 2024). Revenue: US$1.34b (down 14% from FY 2024). Net income: US$285.3m (down 53% from FY 2024). Profit margin: 21% (down from 39% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 16% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
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
分析記事 • Nov 16Why TORM's (CPH:TRMD A) Shaky Earnings Are Just The Beginning Of Its ProblemsDespite TORM plc's ( CPH:TRMD A ) recent earnings report having lackluster headline numbers, the market responded...
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: US$0.79 (vs US$1.38 in 3Q 2024)Third quarter 2025 results: EPS: US$0.79 (down from US$1.38 in 3Q 2024). Revenue: US$342.6m (down 7.9% from 3Q 2024). Net income: US$77.6m (down 41% from 3Q 2024). Profit margin: 23% (down from 35% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 28% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.60 (down from US$2.08 in 2Q 2024). Revenue: US$315.2m (down 28% from 2Q 2024). Net income: US$58.6m (down 70% from 2Q 2024). Profit margin: 19% (down from 44% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 52%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Revenue is expected to decline by 26% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
分析記事 • May 17Why TORM's (CPH:TRMD A) Shaky Earnings Are Just The Beginning Of Its ProblemsThe market rallied behind TORM plc's ( CPH:TRMD A ) stock, leading do a rise in the share price after its recent weak...
New Risk • May 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 21% Last year net profit margin: 39% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Significant insider selling over the past 3 months (kr.78m sold).
Recent Insider Transactions • May 23CEO & Executive Director recently sold kr.78m worth of stockOn the 20th of May, Jacob Meldgaard sold around 379k shares on-market at roughly kr.206 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 kr.95m.
Major Estimate Revision • May 20Consensus revenue estimates increase by 23%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from US$1.29b to US$1.59b. EPS estimate increased from US$5.43 to US$7.43 per share. Net income forecast to grow 103% next year vs 48% growth forecast for Oil and Gas industry in Denmark. Consensus price target up from kr.189 to kr.212. Share price fell 2.4% to kr.207 over the past week.
Declared Dividend • May 16First 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 5.5%, which is lower than the industry average of 6.4%. 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 53% 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.
Buy Or Sell Opportunity • May 15Now 23% undervaluedOver the last 90 days, the stock has risen 32% to kr.212. The fair value is estimated to be kr.274, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to decline by 29% in 2 years. Earnings are forecast to decline by 17% in the next 2 years.
ライブニュース • May 14TORM Lifts 2026 Outlook on Strong Q1 Results Fleet Renewal and Record Freight RatesTORM reported strong Q1 2026 earnings, supported by firm freight rates, operational efficiencies and disciplined execution, with revenue higher than the same period a year ago. Management sharply raised full-year 2026 guidance, citing a strong start to the year, solid Q2 bookings and record-high freight rates in April. The company continued its fleet renewal by acquiring six MR resale vessels and selling older ships, while approving an interim dividend of US$0.70 per share for Q1 2026. The tighter tanker supply linked to the closure of the Strait of Hormuz, together with the added capacity from newer MR vessels, points to a business that is leaning into current market conditions while keeping operational flexibility in focus. For investors, the key things to watch are how long elevated freight rates and geopolitical disruptions persist, and whether the company’s fleet renewal and dividend payouts remain aligned with its balance sheet strength and cash generation.
分析記事 • Apr 15Analysts Just Made A Notable Upgrade To Their TORM plc (CPH:TRMD A) ForecastsTORM plc ( CPH:TRMD A ) shareholders will have a reason to smile today, with the analysts making substantial upgrades...
Major Estimate Revision • Apr 14Consensus EPS estimates increase by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$1.14b to US$1.18b. EPS estimate increased from US$2.91 to US$3.45 per share. Net income forecast to grow 27% next year vs 35% growth forecast for Oil and Gas industry in Denmark. Consensus price target of kr.167 unchanged from last update. Share price was steady at kr.191 over the past week.
New Risk • Mar 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.3% 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 16% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Significant insider selling over the past 3 months (kr.17m sold).
Major Estimate Revision • Mar 05Consensus revenue estimates increase by 22%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$983.5m to US$1.20b. EPS estimate unchanged from US$3.82 at last update. Oil and Gas industry in Denmark expected to see average net income growth of 26% next year. Consensus price target up from kr.146 to kr.165. Share price rose 4.1% to kr.193 over the past week.
Declared Dividend • Mar 02Fourth quarter dividend of US$0.70 announcedShareholders will receive a dividend of US$0.70. Ex-date: 11th March 2026 Payment date: 13th March 2026 Dividend yield will be 5.3%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (114% 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 19% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: US$2.91 (vs US$6.54 in FY 2024)Full year 2025 results: EPS: US$2.91 (down from US$6.54 in FY 2024). Revenue: US$1.34b (down 14% from FY 2024). Net income: US$285.3m (down 53% from FY 2024). Profit margin: 21% (down from 39% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 16% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
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.
新しいナラティブ • Feb 03Longer Trade Routes And Tight Fleet Supply Will Support Stronger Long Term OutcomesCatalysts About TORM TORM operates a fleet of product tankers that transport refined oil products such as gasoline, jet fuel and middle distillates worldwide. What are the underlying business or industry changes driving this perspective?
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.
Recent Insider Transactions • Dec 23CEO & Executive Director recently sold kr.17m worth of stockOn the 19th of December, Jacob Meldgaard sold around 132k shares on-market at roughly kr.128 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. This was Jacob's only on-market trade for the last 12 months.
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
Recent Insider Transactions Derivative • Nov 17CEO & Executive Director exercised options to buy kr.85m worth of stock.On the 14th of November, Jacob Meldgaard exercised options to buy 585k shares at a strike price of around kr.20.39, costing a total of kr.12m. This transaction amounted to 320% of their direct individual holding at the time of the trade. Since March 2025, Jacob's direct individual holding has increased from 85.07k shares to 182.79k. Company insiders have collectively bought kr.12m more than they sold, via options and on-market transactions, in the last 12 months.
分析記事 • Nov 16Why TORM's (CPH:TRMD A) Shaky Earnings Are Just The Beginning Of Its ProblemsDespite TORM plc's ( CPH:TRMD A ) recent earnings report having lackluster headline numbers, the market responded...
Declared Dividend • Nov 09Third quarter dividend of US$0.62 announcedShareholders will receive a dividend of US$0.62. Ex-date: 19th November 2025 Payment date: 21st November 2025 Dividend yield will be 6.7%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is not covered by earnings (180% earnings payout ratio) nor is it covered by cash flows (203% cash payout ratio). The dividend has increased by an average of 23% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 100% to bring the payout ratio under control. However, EPS is expected to decline by 57% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
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).
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: US$0.79 (vs US$1.38 in 3Q 2024)Third quarter 2025 results: EPS: US$0.79 (down from US$1.38 in 3Q 2024). Revenue: US$342.6m (down 7.9% from 3Q 2024). Net income: US$77.6m (down 41% from 3Q 2024). Profit margin: 23% (down from 35% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 28% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
分析記事 • Oct 24Are Investors Undervaluing TORM plc (CPH:TRMD A) By 38%?Key Insights The projected fair value for TORM is kr.225 based on 2 Stage Free Cash Flow to Equity TORM's kr.139 share...
分析記事 • Oct 09The Returns At TORM (CPH:TRMD A) Aren't GrowingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Sep 23There Is A Reason TORM plc's (CPH:TRMD A) Price Is UndemandingTORM plc's ( CPH:TRMD A ) price-to-earnings (or "P/E") ratio of 6.6x might make it look like a strong buy right now...
Major Estimate Revision • Aug 20Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$869.9m to US$888.2m. EPS estimate increased from US$2.26 to US$2.52 per share. Net income forecast to shrink 18% next year vs 23% growth forecast for Oil and Gas industry in Denmark . Consensus price target up from kr.132 to kr.141. Share price rose 4.3% to kr.128 over the past week.
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.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.60 (down from US$2.08 in 2Q 2024). Revenue: US$315.2m (down 28% from 2Q 2024). Net income: US$58.6m (down 70% from 2Q 2024). Profit margin: 19% (down from 44% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 52%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Revenue is expected to decline by 26% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
分析記事 • Jul 24An Intrinsic Calculation For TORM plc (CPH:TRMD A) Suggests It's 48% UndervaluedKey Insights The projected fair value for TORM is kr.230 based on 2 Stage Free Cash Flow to Equity Current share price...
分析記事 • Jul 07TORM (CPH:TRMD A) Is Experiencing Growth In Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
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.
分析記事 • May 17Why TORM's (CPH:TRMD A) Shaky Earnings Are Just The Beginning Of Its ProblemsThe market rallied behind TORM plc's ( CPH:TRMD A ) stock, leading do a rise in the share price after its recent weak...
お知らせ • May 09TORM 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).
Reported Earnings • May 09First quarter 2025 earnings released: EPS: US$0.64 (vs US$2.34 in 1Q 2024)First quarter 2025 results: EPS: US$0.64 (down from US$2.34 in 1Q 2024). Revenue: US$329.1m (down 26% from 1Q 2024). Net income: US$62.3m (down 70% from 1Q 2024). Profit margin: 19% (down from 47% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to decline by 27% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • May 09TORM plc Approves Interim Dividend for the First Quarter of 2025, Payable on 04 June 2025TORM's Board of Directors has approved an interim dividend for the first quarter of 2025 of USD 0.40 per share to be paid to the shareholders corresponding to an expected total dividend payment of USD 39.1 million. The distribution for the quarter is equivalent to 62% of net profit and reflects the Distribution Policy. The payment date is 04 June 2025 to all shareholders on record as of 22 May 2025, and the ex-dividend date is 21 May 2025 for the shares listed on Nasdaq OMX Copenhagen and 22 May 2025 for the shares listed on Nasdaq New York.
分析記事 • Apr 09Shareholders May Not Be So Generous With TORM plc's (CPH:TRMD A) CEO Compensation And Here's WhyKey Insights TORM's Annual General Meeting to take place on 16th of April Salary of US$1.22m is part of CEO Jacob...
Recent Insider Transactions • Apr 04Non-Executive Independent Director recently sold kr.308k worth of stockOn the 1st of April, Annette Beate Wacknitz Justad sold around 3k shares on-market at roughly kr.114 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. Insiders have been net sellers, collectively disposing of kr.60m more than they bought in the last 12 months.
分析記事 • Mar 26TORM plc's (CPH:TRMD A) Business And Shares Still Trailing The MarketWhen close to half the companies in Denmark have price-to-earnings ratios (or "P/E's") above 16x, you may consider TORM...
Upcoming Dividend • Mar 12Upcoming dividend of US$0.60 per shareEligible shareholders must have bought the stock before 19 March 2025. Payment date: 02 April 2025. Payout ratio is a comfortable 74% but the company is paying out more than the cash it is generating. Trailing yield: 33%. Within top quartile of Danish dividend payers (5.7%). Higher than average of industry peers (6.9%).
Buy Or Sell Opportunity • Mar 11Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to kr.117. The fair value is estimated to be kr.151, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 41% in 2 years. Earnings are forecast to decline by 48% in the next 2 years.
分析記事 • Mar 10Revenue Beat: TORM plc Exceeded Revenue Forecasts By 24% And Analysts Are Updating Their EstimatesInvestors in TORM plc ( CPH:TRMD A ) had a good week, as its shares rose 4.1% to close at kr.133 following the release...
Reported Earnings • Mar 06Third 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 23% 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 • 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).
Major Estimate Revision • Mar 06Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$1.02b to US$984.3m. EPS estimate also fell from US$3.49 per share to US$2.89 per share. Net income forecast to shrink 48% next year vs 16% growth forecast for Oil and Gas industry in Denmark . Consensus price target down from kr.162 to kr.150. Share price rose 3.7% to kr.133 over the past week.
New Risk • Mar 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish 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 45% 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 (6.5% average weekly change).
分析記事 • Jan 22These 4 Measures Indicate That TORM (CPH:TRMD A) Is Using Debt Reasonably WellThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to kr.140, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 406% over the past three years.
分析記事 • Dec 22Investors Shouldn't Overlook TORM's (CPH:TRMD A) Impressive Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
分析記事 • Dec 03TORM plc's (CPH:TRMD A) Prospects Need A Boost To Lift SharesWith a price-to-earnings (or "P/E") ratio of 2.8x TORM plc ( CPH:TRMD A ) may be sending very bullish signals at the...
Major Estimate Revision • Nov 17Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$1.38b to US$1.33b. EPS estimate also fell from US$7.84 per share to US$6.79 per share. Net income forecast to shrink 33% next year vs 25% growth forecast for Oil and Gas industry in Denmark . Consensus price target of kr.242 unchanged from last update. Share price fell 2.1% to kr.164 over the past week.
分析記事 • Nov 15TORM's (CPH:TRMD A) Solid Earnings May Rest On Weak FoundationsTORM plc's ( CPH:TRMD A ) healthy profit numbers didn't contain any surprises for investors. However the statutory...
分析記事 • Nov 11TORM plc Just Missed EPS By 11%: Here's What Analysts Think Will Happen NextShareholders might have noticed that TORM plc ( CPH:TRMD A ) filed its quarterly result this time last week. The early...
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 20%, which is higher than the industry average of 6.4%. 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 08Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird 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 exceeded analyst estimates by 17%. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to decline by 19% 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 kr.58m worth of stockOn the 4th of October, Jacob Meldgaard sold around 261k shares on-market at roughly kr.223 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 kr.167m.
分析記事 • Sep 30TORM (CPH:TRMD A) Has A Pretty Healthy Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Sep 16We Think TORM (CPH:TRMD A) Might Have The DNA Of A Multi-BaggerWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...
Reported Earnings • Aug 16Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beatSecond 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 exceeded analyst estimates by 29%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to fall by 19% p.a. on average during the next 3 years compared to a 1.0% decline forecast for the Oil and Gas industry in Europe.
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.
分析記事 • Jul 17TORM plc's (CPH:TRMD A) Intrinsic Value Is Potentially 58% Above Its Share PriceKey Insights The projected fair value for TORM is kr.417 based on 2 Stage Free Cash Flow to Equity TORM is estimated to...
分析記事 • Jun 11Benign Growth For TORM plc (CPH:TRMD A) Underpins Its Share PriceWhen close to half the companies in Denmark have price-to-earnings ratios (or "P/E's") above 15x, you may consider TORM...
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
New Risk • May 13New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 47% 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 19% per year for the foreseeable future. Minor Risks High level of debt (47% net debt to equity). Dividend is not well covered by cash flows (184% cash payout ratio). Shareholders have been diluted in the past year (13% increase in shares outstanding).
Declared Dividend • May 12First 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 13%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but not covered by cash flows (226% 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 67% over the next 3 years. Since a fall of 22% 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).
Reported Earnings • May 08First quarter 2024 earnings released: EPS: US$2.34 (vs US$1.88 in 1Q 2023)First quarter 2024 results: EPS: US$2.34 (up from US$1.88 in 1Q 2023). Revenue: US$444.1m (up 14% from 1Q 2023). Net income: US$209.7m (up 37% from 1Q 2023). Profit margin: 47% (up from 39% in 1Q 2023). Revenue is expected to fall by 19% p.a. on average during the next 3 years compared to a 1.5% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth.
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.
Recent Insider Transactions Derivative • Apr 11CEO & Executive Director exercised options to buy kr.64m worth of stock.On the 5th of April, Jacob Meldgaard exercised options to buy 255k shares at a strike price of around kr.63.45, costing a total of kr.16m. Since June 2023, Jacob's direct individual holding has decreased from 510.61k shares to 255.20k. Company insiders have collectively sold kr.94m more than they bought, via options and on-market transactions in the last 12 months.
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 Danish dividend payers (5.6%). Higher than average of industry peers (6.2%).
分析記事 • Apr 05We Take A Look At Why TORM plc's (CPH:TRMD A) CEO Has Earned Their Pay PacketKey Insights TORM's Annual General Meeting to take place on 11th of April Salary of US$1.20m is part of CEO Jacob...
分析記事 • Mar 15Investors Shouldn't Be Too Comfortable With TORM's (CPH:TRMD A) EarningsDespite posting some strong earnings, the market for TORM plc's ( CPH:TRMD A ) stock hasn't moved much. We did some...
Major Estimate Revision • Mar 14Consensus revenue estimates increase by 18%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$1.17b to US$1.38b. EPS estimate increased from US$7.16 to US$7.30 per share. Net income forecast to grow 4.7% next year vs 5.4% growth forecast for Oil and Gas industry in Denmark. Consensus price target up from kr.266 to kr.274. Share price rose 2.3% to kr.236 over the past week.
分析記事 • Mar 11TORM plc Beat Revenue Forecasts By 16%: Here's What Analysts Are Forecasting NextLast week saw the newest yearly earnings release from TORM plc ( CPH:TRMD A ), an important milestone in the company's...
分析記事 • Mar 09Growth Investors: Industry Analysts Just Upgraded Their TORM plc (CPH:TRMD A) Revenue Forecasts By 10%Celebrations may be in order for TORM plc ( CPH:TRMD A ) shareholders, with the analysts delivering a significant...
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 07Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull 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 exceeded analyst estimates by 16%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to fall by 21% p.a. on average during the next 3 years compared to a 2.0% decline forecast for the Oil and Gas industry in Europe. 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 61% 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.
