TORM（0RG4）株式概要海運会社であるTORM plcは、英国内外でプロダクトタンカーの船隊を所有・運航している。 詳細0RG4 ファンダメンタル分析スノーフレーク・スコア評価4/6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44.6%で取引されている リスク分析今後3年間の収益は年平均36.4%減少すると予測されている。 7.36%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 過去3か月間に大規模なインサイダー売却が発生 すべてのリスクチェックを見る0RG4 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW493,086 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG493,086 investors already sharing narrativesYour Fair ValueDKK Current PriceDKK 188.90341.9% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-169m2b2016201920222025202620282031Revenue US$560.7mEarnings US$137.1mAdvancedSet Fair ValueView all narrativesTORM plc 競合他社NWF GroupSymbol: AIM:NWFMarket cap: UK£67.7mIthaca EnergySymbol: LSE:ITHMarket cap: UK£3.6bDCCSymbol: LSE:DCCMarket cap: UK£5.4bSeplat EnergySymbol: LSE:SEPLMarket cap: UK£3.1b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 188.9052週高値DKK 228.9052週安値DKK 112.20ベータ0.00951ヶ月の変化-1.00%3ヶ月変化-1.05%1年変化66.07%3年間の変化22.27%5年間の変化269.31%IPOからの変化124.97%最新ニュース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). 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 22CEO & 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.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 5.6%, which is lower than the industry average of 6.7%. 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.Reported Earnings • May 15First quarter 2026 earnings released: EPS: US$1.21 (vs US$0.64 in 1Q 2025)First quarter 2026 results: EPS: US$1.21 (up from US$0.64 in 1Q 2025). Revenue: US$402.0m (up 22% from 1Q 2025). Net income: US$122.4m (up 97% from 1Q 2025). Profit margin: 30% (up from 19% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 1.7%. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.157, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 7.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.253 per share.Buy Or Sell Opportunity • Mar 05Now 24% undervaluedOver the last 90 days, the stock has risen 36% to kr.187. The fair value is estimated to be kr.245, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has declined by 30%. For the next 3 years, revenue is forecast to decline by 14% per annum. Earnings are also forecast to decline by 11% per annum over the same time period.最新情報をもっと見る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). 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 22CEO & 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.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 5.6%, which is lower than the industry average of 6.7%. 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.Reported Earnings • May 15First quarter 2026 earnings released: EPS: US$1.21 (vs US$0.64 in 1Q 2025)First quarter 2026 results: EPS: US$1.21 (up from US$0.64 in 1Q 2025). Revenue: US$402.0m (up 22% from 1Q 2025). Net income: US$122.4m (up 97% from 1Q 2025). Profit margin: 30% (up from 19% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 1.7%. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.157, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 7.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.253 per share.Buy Or Sell Opportunity • Mar 05Now 24% undervaluedOver the last 90 days, the stock has risen 36% to kr.187. The fair value is estimated to be kr.245, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has declined by 30%. For the next 3 years, revenue is forecast to decline by 14% per annum. Earnings are also forecast to decline by 11% per annum over the same time period.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 5.4%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (274% cash payout ratio). The dividend has increased by an average of 20% 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 the United Kingdom are expected to grow by 2.6%. 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.Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 14%After last week's 14% share price gain to kr.145, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 34% over the past three years.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, 2026Declared 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 about the same as the industry average. 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.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 the United Kingdom are expected to grow by 2.5%. 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 10% per year, which means it has not declined as severely as earnings.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).Declared Dividend • Aug 18Second quarter dividend of US$0.40 announcedShareholders will receive a dividend of US$0.40. Ex-date: 21st August 2025 Payment date: 25th August 2025 Dividend yield will be 12%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (76% earnings payout ratio) but not covered by cash flows (221% 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. EPS is expected to decline by 38% over the next year. Since a fall of 15% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.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 released: EPS: US$0.60 (vs US$2.08 in 2Q 2024)Second 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 is expected to decline by 26% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 13%. 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.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).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 the United Kingdom 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 8% per year, which means it is significantly lagging earnings growth.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.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 British dividend payers (6.1%). Higher than average of industry peers (5.2%).Buy Or Sell Opportunity • Mar 11Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to kr.117. The fair value is estimated to be kr.147, 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.Reported Earnings • Mar 06Full year 2024 earnings released: EPS: US$6.54 (vs US$7.75 in FY 2023)Full year 2024 results: EPS: US$6.54 (down from US$7.75 in FY 2023). Revenue: US$1.56b (up 2.6% from FY 2023). Net income: US$612.5m (down 5.5% from FY 2023). Profit margin: 39% (down from 43% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 28% p.a. on average during the next 2 years compared to a 1.3% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.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).Valuation Update With 7 Day Price Move • Jan 20Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.140, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 436% over the past three years.Declared Dividend • Nov 09Third 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 19%, which is higher than the industry average of 6.7%. 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 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 expected to fall by 19% p.a. on average during the next 3 years compared to a 1.9% decline forecast for the Oil and Gas industry in the United Kingdom.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.Upcoming Dividend • Aug 22Upcoming 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 British dividend payers (5.5%). Higher than average of industry peers (4.6%).Declared Dividend • Aug 17Second quarter dividend of US$1.80 announcedShareholders will receive a dividend of US$1.80. Ex-date: 28th August 2024 Payment date: 30th August 2024 Dividend yield will be 12%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but not covered by cash flows (128% 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 21% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.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 forecast to decline by 19% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.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: 6,896,552New 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 6.7%. 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 forecast to decline by 19% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. 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.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 British dividend payers (6.1%). Higher than average of industry peers (4.4%).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 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 expected to fall by 21% p.a. on average during the next 3 years compared to a 1.6% decline forecast for the Oil and Gas industry in the United Kingdom. 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 63% 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, 2024Recent Insider Transactions • Nov 17CEO & Executive Director recently sold kr.211m worth of stockOn the 14th of November, Jacob Meldgaard sold around 507k shares on-market at roughly kr.416 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 British dividend payers (6.4%). Higher than average of industry peers (6.5%).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 fall by 25% p.a. on average during the next 3 years compared to a 1.8% decline forecast for the Oil and Gas industry in the United Kingdom. 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 65% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Oct 31Now 21% undervaluedOver the last 90 days, the stock is up 27%. The fair value is estimated to be kr.271, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to decline by 41% in 2 years. Earnings is forecast to decline by 52% in the next 2 years.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 fall by 30% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Oil and Gas industry in the United Kingdom. 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 54% 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 British dividend payers (5.9%). Higher than average of industry peers (6.1%).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 fall by 26% p.a. on average during the next 3 years compared to a 2.7% decline forecast for the Oil and Gas industry in the United Kingdom. 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 55% 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 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to kr.233, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 488% over the past three years.Valuation Update With 7 Day Price Move • Mar 30Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to kr.197, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 370% 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 fall by 26% p.a. on average during the next 3 years compared to a 4.5% decline forecast for the Oil and Gas industry in the United Kingdom. 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 70% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jan 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.161, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 188% 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, 2023Upcoming 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 British dividend payers (5.7%). Higher than average of industry peers (6.8%).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 6.5% decline forecast for the Oil and Gas industry in the United Kingdom. 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.株主還元0RG4GB Oil and GasGB 市場7D4.3%3.5%-1.4%1Y66.1%19.5%15.6%株主還元を見る業界別リターン: 0RG4過去 1 年間で19.5 % の収益を上げたUK Oil and Gas業界を上回りました。リターン対市場: 0RG4過去 1 年間で15.6 % の収益を上げたUK市場を上回りました。価格変動Is 0RG4's price volatile compared to industry and market?0RG4 volatility0RG4 Average Weekly Movement6.2%Oil and Gas Industry Average Movement6.4%Market Average Movement5.3%10% most volatile stocks in GB Market10.6%10% least volatile stocks in GB Market2.8%安定した株価: 0RG4 、 UK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: 0RG4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、英国内外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、ディーゼル、ナフサ、軽油などの石油精製品や、残渣燃料、原油などのダーティー石油製品を輸送している。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。0RG4 基礎統計学時価総額DKK 19.27b収益（TTM）DKK 2.26b売上高(TTM)DKK 9.25b8.5xPER（株価収益率2.1xP/Sレシオ0RG4 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0RG4 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47.2%0RG4 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7.4%現在の配当利回り70%配当性向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2026/07/13 04:21終値2026/07/10 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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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
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). 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 22CEO & 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.
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 5.6%, which is lower than the industry average of 6.7%. 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.
Reported Earnings • May 15First quarter 2026 earnings released: EPS: US$1.21 (vs US$0.64 in 1Q 2025)First quarter 2026 results: EPS: US$1.21 (up from US$0.64 in 1Q 2025). Revenue: US$402.0m (up 22% from 1Q 2025). Net income: US$122.4m (up 97% from 1Q 2025). Profit margin: 30% (up from 19% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 1.7%. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.157, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 7.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.253 per share.
Buy Or Sell Opportunity • Mar 05Now 24% undervaluedOver the last 90 days, the stock has risen 36% to kr.187. The fair value is estimated to be kr.245, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has declined by 30%. For the next 3 years, revenue is forecast to decline by 14% per annum. Earnings are also forecast to decline by 11% per annum over the same time period.
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). 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 22CEO & 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.
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 5.6%, which is lower than the industry average of 6.7%. 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.
Reported Earnings • May 15First quarter 2026 earnings released: EPS: US$1.21 (vs US$0.64 in 1Q 2025)First quarter 2026 results: EPS: US$1.21 (up from US$0.64 in 1Q 2025). Revenue: US$402.0m (up 22% from 1Q 2025). Net income: US$122.4m (up 97% from 1Q 2025). Profit margin: 30% (up from 19% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 1.7%. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.157, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 7.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.253 per share.
Buy Or Sell Opportunity • Mar 05Now 24% undervaluedOver the last 90 days, the stock has risen 36% to kr.187. The fair value is estimated to be kr.245, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has declined by 30%. For the next 3 years, revenue is forecast to decline by 14% per annum. Earnings are also forecast to decline by 11% per annum over the same time period.
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 5.4%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (274% cash payout ratio). The dividend has increased by an average of 20% 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 the United Kingdom are expected to grow by 2.6%. 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.
Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 14%After last week's 14% share price gain to kr.145, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 34% over the past three years.
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
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 about the same as the industry average. 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.
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 the United Kingdom are expected to grow by 2.5%. 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 10% per year, which means it has not declined as severely as earnings.
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).
Declared Dividend • Aug 18Second quarter dividend of US$0.40 announcedShareholders will receive a dividend of US$0.40. Ex-date: 21st August 2025 Payment date: 25th August 2025 Dividend yield will be 12%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (76% earnings payout ratio) but not covered by cash flows (221% 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. EPS is expected to decline by 38% over the next year. Since a fall of 15% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
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 released: EPS: US$0.60 (vs US$2.08 in 2Q 2024)Second 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 is expected to decline by 26% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 13%. 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.
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).
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 the United Kingdom 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 8% per year, which means it is significantly lagging earnings growth.
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.
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 British dividend payers (6.1%). Higher than average of industry peers (5.2%).
Buy Or Sell Opportunity • Mar 11Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to kr.117. The fair value is estimated to be kr.147, 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.
Reported Earnings • Mar 06Full year 2024 earnings released: EPS: US$6.54 (vs US$7.75 in FY 2023)Full year 2024 results: EPS: US$6.54 (down from US$7.75 in FY 2023). Revenue: US$1.56b (up 2.6% from FY 2023). Net income: US$612.5m (down 5.5% from FY 2023). Profit margin: 39% (down from 43% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 28% p.a. on average during the next 2 years compared to a 1.3% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
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).
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.140, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 436% over the past three years.
Declared Dividend • Nov 09Third 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 19%, which is higher than the industry average of 6.7%. 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 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 expected to fall by 19% p.a. on average during the next 3 years compared to a 1.9% decline forecast for the Oil and Gas industry in the United Kingdom.
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.
Upcoming Dividend • Aug 22Upcoming 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 British dividend payers (5.5%). Higher than average of industry peers (4.6%).
Declared Dividend • Aug 17Second quarter dividend of US$1.80 announcedShareholders will receive a dividend of US$1.80. Ex-date: 28th August 2024 Payment date: 30th August 2024 Dividend yield will be 12%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but not covered by cash flows (128% 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 21% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
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 forecast to decline by 19% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.
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
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 6.7%. 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 forecast to decline by 19% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. 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.
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 British dividend payers (6.1%). Higher than average of industry peers (4.4%).
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 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 expected to fall by 21% p.a. on average during the next 3 years compared to a 1.6% decline forecast for the Oil and Gas industry in the United Kingdom. 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 63% 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
Recent Insider Transactions • Nov 17CEO & Executive Director recently sold kr.211m worth of stockOn the 14th of November, Jacob Meldgaard sold around 507k shares on-market at roughly kr.416 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 British dividend payers (6.4%). Higher than average of industry peers (6.5%).
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 fall by 25% p.a. on average during the next 3 years compared to a 1.8% decline forecast for the Oil and Gas industry in the United Kingdom. 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 65% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Oct 31Now 21% undervaluedOver the last 90 days, the stock is up 27%. The fair value is estimated to be kr.271, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to decline by 41% in 2 years. Earnings is forecast to decline by 52% in the next 2 years.
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 fall by 30% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Oil and Gas industry in the United Kingdom. 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 54% 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 British dividend payers (5.9%). Higher than average of industry peers (6.1%).
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 fall by 26% p.a. on average during the next 3 years compared to a 2.7% decline forecast for the Oil and Gas industry in the United Kingdom. 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 55% 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 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to kr.233, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 488% over the past three years.
Valuation Update With 7 Day Price Move • Mar 30Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to kr.197, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 370% 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 fall by 26% p.a. on average during the next 3 years compared to a 4.5% decline forecast for the Oil and Gas industry in the United Kingdom. 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 70% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.161, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 188% 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
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 British dividend payers (5.7%). Higher than average of industry peers (6.8%).
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 6.5% decline forecast for the Oil and Gas industry in the United Kingdom. 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.
