TORM (1T4) 주식 개요해운 회사인 TORM plc는 영국에서 제품 유조선을 소유 및 운영하고 있습니다. 자세히 보기1T4 펀더멘털 분석스노우플레이크 점수가치 평가5/6미래 성장0/6과거 실적2/6재무 건전성5/6배당4/6강점공정 가치 추정치보다 낮은 43.4% 에서 거래동종업계 및 업계 대비 좋은 가치로 거래위험 분석향후 3년 동안 수익이 연평균 20.4% 감소할 것으로 예상됩니다.6.49% 의 배당금은 잉여현금흐름으로 잘 충당되지 않습니다.모든 위험 점검 보기1T4 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€27.80309.4% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-169m2b2016201920222025202620282031Revenue US$532.5mEarnings US$130.2mAdvancedSet Fair ValueView all narrativesTORM plc 경쟁사Friedrich Vorwerk GroupSymbol: XTRA:VH2Market cap: €1.4bDeutsche RohstoffSymbol: XTRA:DR0Market cap: €477.6mNanjing TankerSymbol: SHSE:601975Market cap: CN¥24.9bEnviTec BiogasSymbol: XTRA:ETGMarket cap: €320.8m가격 이력 및 성과TORM 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가DKK 27.8052주 최고가DKK 30.3452주 최저가DKK 13.54베타0.0361개월 변동10.06%3개월 변동23.56%1년 변동74.51%3년 변동14.97%5년 변동248.81%IPO 이후 변동382.64%최근 뉴스 및 업데이트Declared Dividend • 9hFirst quarter dividend of US$0.70 announcedShareholders will receive a dividend of US$0.70. Ex-date: 27th May 2026 Payment date: 11th June 2026 Dividend yield will be 7.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (254% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 56% over the next 3 years. Since a fall of 45% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Board Change • 9hLess 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.공시 • Feb 26+ 1 more updateTORM plc Announces Interim Dividend for the Fourth Quarter of 2025, Payable on 25 March 2026TORM plc announced that the Board of Directors has approved an interim dividend for the fourth quarter of 2025 of USD 0.70 per share to be paid to the shareholders, corresponding to an expected total dividend payment of USD 70.9 million. The payment date is 25 March 2026 to all shareholders on record as of 12 March 2026, and the ex-dividend date is 11 March 2026 for the shares listed on Nasdaq OMX Copenhagen and 12 March 2026 for the shares listed on Nasdaq New York.Board Change • Jan 08Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Annette Beate Wacknitz Justad was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • 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.공시 • 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.더 많은 업데이트 보기Recent updatesDeclared Dividend • 9hFirst quarter dividend of US$0.70 announcedShareholders will receive a dividend of US$0.70. Ex-date: 27th May 2026 Payment date: 11th June 2026 Dividend yield will be 7.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (254% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 56% over the next 3 years. Since a fall of 45% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Board Change • 9hLess 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.공시 • Feb 26+ 1 more updateTORM plc Announces Interim Dividend for the Fourth Quarter of 2025, Payable on 25 March 2026TORM plc announced that the Board of Directors has approved an interim dividend for the fourth quarter of 2025 of USD 0.70 per share to be paid to the shareholders, corresponding to an expected total dividend payment of USD 70.9 million. The payment date is 25 March 2026 to all shareholders on record as of 12 March 2026, and the ex-dividend date is 11 March 2026 for the shares listed on Nasdaq OMX Copenhagen and 12 March 2026 for the shares listed on Nasdaq New York.Board Change • Jan 08Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Annette Beate Wacknitz Justad was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • 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.공시 • 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.공시 • Dec 20TORM plc, Annual General Meeting, Apr 15, 2026TORM plc, Annual General Meeting, Apr 15, 2026.공시 • 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, 2026공시 • 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).공시 • 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.공시 • 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.공시 • 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).공시 • Mar 06+ 1 more updateTorm plc Provides Earnings Guidance for the Year 2025TORM plc provided earnings guidance for the year 2025. For the full year 2025, TCE earnings are expected to be in the range of USD 650 million - 950 million (2024: USD 1,135m).New Risk • Jan 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 29% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (181% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding).Board Change • Dec 30Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Employee Representative Board Observer Christian Gorrissen was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Declared Dividend • Nov 10Third quarter dividend of US$1.20 announcedShareholders will receive a dividend of US$1.20. Ex-date: 20th November 2024 Payment date: 4th December 2024 Dividend yield will be 24%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (178% cash payout ratio). The dividend has increased by an average of 28% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to decline by 47% over the next 2 years. Since a fall of 19% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: US$1.38 (vs US$1.47 in 3Q 2023)Third quarter 2024 results: EPS: US$1.38. Revenue: US$372.1m (up 3.9% from 3Q 2023). Net income: US$130.5m (up 5.0% from 3Q 2023). Profit margin: 35% (in line with 3Q 2023). Revenue is forecast to decline by 18% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat.공시 • Nov 08TORM plc, Annual General Meeting, Apr 16, 2025TORM plc, Annual General Meeting, Apr 16, 2025.공시 • Nov 07+ 3 more updatesTORM plc to Report Q3, 2025 Results on Nov 06, 2025TORM plc announced that they will report Q3, 2025 results on Nov 06, 2025Recent Insider Transactions • Oct 09CEO & Executive Director recently sold €7.8m worth of stockOn the 4th of October, Jacob Meldgaard sold around 261k shares on-market at roughly €29.94 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jacob has been a net seller over the last 12 months, reducing personal holdings by €22m.Upcoming Dividend • Aug 21Upcoming dividend of US$1.80 per shareEligible shareholders must have bought the stock before 28 August 2024. Payment date: 30 August 2024. Payout ratio is on the higher end at 76%, and the cash payout ratio is above 100%. Trailing yield: 15%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.5%).Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: US$2.08 (vs US$2.23 in 2Q 2023)Second quarter 2024 results: EPS: US$2.08. Revenue: US$437.7m (up 14% from 2Q 2023). Net income: US$194.5m (up 4.7% from 2Q 2023). Profit margin: 44% (down from 48% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 37%.공시 • 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.공시 • May 31TORM plc has filed a Follow-on Equity Offering.TORM plc has filed a Follow-on Equity Offering. Security Name: Class A Common Shares Security Type: Common Stock Securities Offered: 6,896,552Declared Dividend • May 13Fourth quarter dividend of US$1.50 announcedShareholders will receive a dividend of US$1.50. Ex-date: 21st May 2024 Payment date: 4th June 2024 Dividend yield will be 16%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not covered by cash flows (184% cash payout ratio). The dividend has increased by an average of 28% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to decline by 60% over the next 3 years. Since a fall of 17% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.공시 • 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).공시 • Apr 11TORM plc Approves a Final Dividend for the Year Ended 31 December 2023TORM plc approved a final dividend of USD 1.36 per A-share for the year ended 31 December 2023.Upcoming Dividend • Apr 08Upcoming dividend of US$1.36 per shareEligible shareholders must have bought the stock before 15 April 2024. Payment date: 24 April 2024. Payout ratio is a comfortable 75% but the company is paying out more than the cash it is generating. Trailing yield: 16%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.2%).공시 • Mar 08TORM plc Provides Earnings Guidance for the Year 2024TORM plc provided earnings guidance for the year 2024. For the full year 2024, TCE earnings are expected to be in the range of USD 1.0 billion – 1.35 billion.Reported Earnings • Mar 08Full year 2023 earnings released: EPS: US$7.75 (vs US$6.92 in FY 2022)Full year 2023 results: EPS: US$7.75 (up from US$6.92 in FY 2022). Revenue: US$1.52b (up 5.3% from FY 2022). Net income: US$648.3m (up 15% from FY 2022). Profit margin: 43% (up from 39% in FY 2022). Revenue is forecast to decline by 21% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.공시 • 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.공시 • 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: $30.97공시 • Dec 02+ 4 more updatesTORM plc to Report Q3, 2024 Results on Nov 07, 2024TORM plc announced that they will report Q3, 2024 results on Nov 07, 2024New Risk • Nov 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by cash flows (104% cash payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (€15m sold).Recent Insider Transactions • Nov 17CEO & Executive Director recently sold €28m worth of stockOn the 14th of November, Jacob Meldgaard sold around 507k shares on-market at roughly €55.78 per share. This transaction amounted to 99% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jacob's only on-market trade for the last 12 months.Upcoming Dividend • Nov 14Upcoming dividend of US$1.46 per share at 19% yieldEligible shareholders must have bought the stock before 21 November 2023. Payment date: 23 November 2023. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 19%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.7%).New Risk • Nov 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by cash flows (104% cash payout ratio). Shareholders have been diluted in the past year (3.4% increase in shares outstanding).공시 • 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).공시 • Nov 11TORM plc Approves Interim Dividend for the Third Quarter of 2023, Payable on 05 December 2023TORM plc Board of Directors has approved an interim dividend for Third Quarter 2023 of USD 1.46 per share, resulting in an expected total dividend payment of USD 123.2m. The payment date is 05 December 2023 while the ex-dividend date is 21 November 2023, and the record date is 22 November 2023.Reported Earnings • Nov 10Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: US$358.1m (down 20% from 3Q 2022). Net income: US$124.3m (down 43% from 3Q 2022). Profit margin: 35% (down from 48% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth.New Risk • Aug 18New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 55% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 42% per year for the foreseeable future. Minor Risks High level of debt (55% net debt to equity). Dividend is not well covered by cash flows (116% cash payout ratio).Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: US$2.23 (vs US$1.31 in 2Q 2022)Second quarter 2023 results: EPS: US$2.23 (up from US$1.31 in 2Q 2022). Revenue: US$384.3m (up 14% from 2Q 2022). Net income: US$185.8m (up 74% from 2Q 2022). Profit margin: 48% (up from 32% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is expected to decline by 30% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.공시 • Aug 18+ 1 more updateTORM plc Provides Earnings Guidance for the Full Year 2023TORM plc provided earnings guidance for the full year 2023. For the year, the company expected TCE earnings to be in the range of USD 1,050 million to USD 1,175 million (previous outlook: USD 1,025 million to 1,375 million).Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Employee Representative Board Observer Christian Gorrissen was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Upcoming Dividend • May 15Upcoming dividend of US$1.46 per share at 16% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 16%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.8%).공시 • May 12TORM plc Reaffirms Earnings Guidance for the Year 2023TORM plc reaffirmed earnings guidance for the year 2023. For the full year 2023, the company earnings are expected to be in the range of USD 1,025 million to USD 1,375 million (unchanged from the outlook released on 16 March 2023).Reported Earnings • May 12First quarter 2023 earnings released: EPS: US$1.87 (vs US$0.13 in 1Q 2022)First quarter 2023 results: EPS: US$1.87 (up from US$0.13 in 1Q 2022). Revenue: US$390.2m (up 86% from 1Q 2022). Net income: US$153.6m (up US$143.2m from 1Q 2022). Profit margin: 39% (up from 5.0% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 27% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 11TORM plc Approves an Interim Dividend for First Quarter 2023, Payable on 6 June 2023TORM plc's board of directors has approved an interim dividend for first quarter 2023 of USD 1.46 per share, resulting in an expected total dividend payment of USD 121.1 million. The payment is expected on 6 June 2023, with ex-dividend date on 22 May 2023 and record date on 23 May 2023.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €31.82, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 400% over the past three years.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €26.36, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 416% over the past three years.Reported Earnings • Mar 17Full year 2022 earnings releasedFull year 2022 results: Revenue: US$1.44b (up 133% from FY 2021). Net income: US$562.8m (up US$604.8m from FY 2021). Profit margin: 39% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 26% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 68% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €21.22, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 231% over the past three years.공시 • 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, 2023공시 • Dec 07TORM plc, Annual General Meeting, Apr 13, 2023TORM plc, Annual General Meeting, Apr 13, 2023.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: US$2.66 (vs US$0.18 loss in 3Q 2021)Third quarter 2022 results: EPS: US$2.66 (up from US$0.18 loss in 3Q 2021). Revenue: US$448.1m (up 188% from 3Q 2021). Net income: US$217.1m (up US$231.8m from 3Q 2021). Profit margin: 48% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings.Upcoming Dividend • Nov 16Upcoming dividend of US$1.46 per shareEligible shareholders must have bought the stock before 22 November 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (0.9%).Reported Earnings • Nov 13Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: US$448.1m (up 188% from 3Q 2021). Net income: US$217.1m (up US$231.8m from 3Q 2021). Profit margin: 48% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is expected to fall by 22% p.a. on average during the next 3 years compared to a 4.6% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to €29.84, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 321% over the past three years.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment improved over the past weekAfter last week's 18% share price gain to €21.92, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 179% over the past three years.Upcoming Dividend • Aug 24Upcoming dividend of US$0.58 per shareEligible shareholders must have bought the stock before 31 August 2022. Payment date: 16 September 2022. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.1%).Reported Earnings • Aug 19Second quarter 2022 earnings released: EPS: US$1.31 (vs US$0.027 in 2Q 2021)Second quarter 2022 results: EPS: US$1.31 (up from US$0.027 in 2Q 2021). Revenue: US$338.5m (up 125% from 2Q 2021). Net income: US$106.6m (up US$104.5m from 2Q 2021). Profit margin: 32% (up from 1.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 51% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.공시 • Aug 18Torm plc Approves an Interim Dividend for Second Quarter 2022, Payment Is Expected on 16 September 2022TORM plc announced that Board of Directors has approved an interim dividend for Second Quarter 2022 of USD 0.58 per share, with an expected total dividend of USD 47 million. Payment is expected on 16 September 2022, with ex-dividend date on 31 August 2022.공시 • Aug 17TORM plc (CPSE:TRMD A) completed the acquisition of 75% stake in Me Production A/S from Jens Peter Faldt and other shareholders.TORM plc (CPSE:TRMD A) acquired 75% stake in Me Production A/S from Jens Peter Faldt and other shareholders on August 16, 2022. Jens Peter Faldt will maintain 25% ownership of Me Production.TORM plc (CPSE:TRMD A) completed the acquisition of 75% stake in Me Production A/S from Jens Peter Faldt and other shareholders on August 16, 2022.Reported Earnings • May 12First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: US$209.4m (up 69% from 1Q 2021). Net income: US$10.4m (up US$31.7m from 1Q 2021). Profit margin: 5.0% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to stay flat compared to a 59% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Reported Earnings • Mar 04Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: US$0.54 loss per share (down from US$1.19 profit in FY 2020). Revenue: US$619.5m (down 17% from FY 2020). Net loss: US$42.1m (down 148% from profit in FY 2020). Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 26%, compared to a 68% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • Nov 11Third quarter 2021 earnings released: US$0.18 loss per share (vs US$0.008 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: US$155.5m (down 5.0% from 3Q 2020). Net loss: US$14.7m (down US$15.3m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 11Second quarter 2021 earnings releasedThe company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$150.8m (down 35% from 2Q 2020). Net income: US$2.10m (down 97% from 2Q 2020). Profit margin: 1.4% (down from 31% in 2Q 2020). The decrease in margin was driven by lower revenue.Reported Earnings • May 14First quarter 2021 earnings releasedThe company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: US$124.1m (down 50% from 1Q 2020). Net loss: US$21.3m (down 138% from profit in 1Q 2020).Reported Earnings • Mar 02Full year 2020 earnings releasedThe company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$747.4m (up 7.9% from FY 2019). Net income: US$88.1m (down 47% from FY 2019). Profit margin: 12% (down from 24% in FY 2019). The decrease in margin was driven by higher expenses.Analyst Estimate Surprise Post Earnings • Mar 02Revenue beats expectationsRevenue exceeded analyst estimates by 3.8%. Over the next year, revenue is expected to shrink by 53% compared to a 30% growth forecast for the Oil and Gas industry in Germany.Is New 90 Day High Low • Feb 13New 90-day high: €6.54The company is up 12% from its price of €5.85 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.67 per share.Is New 90 Day High Low • Jan 14New 90-day high: €6.34The company is up 12% from its price of €5.66 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.65 per share.공시 • Dec 19+ 3 more updatesTORM plc to Report First Half, 2021 Results on Aug 10, 2021TORM plc announced that they will report first half, 2021 results on Aug 10, 2021주주 수익률1T4DE Oil and GasDE 시장7D0.07%-4.6%2.0%1Y74.5%56.7%-0.1%전체 주주 수익률 보기수익률 대 산업: 1T4은 지난 1년 동안 56.7%의 수익을 기록한 German Oil and Gas 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: 1T4은 지난 1년 동안 -0.1%를 기록한 German 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is 1T4's price volatile compared to industry and market?1T4 volatility1T4 Average Weekly Movement6.3%Oil and Gas Industry Average Movement10.8%Market Average Movement6.2%10% most volatile stocks in DE Market13.3%10% least volatile stocks in DE Market2.7%안정적인 주가: 1T4는 지난 3개월 동안 German 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 1T4의 주간 변동성(6%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트1889597Jacob Meldgaardwww.torm.com해운 회사인 TORM plc는 영국에서 제품 탱커를 소유하고 운영하는 회사입니다. 탱커와 해양 엔지니어링의 두 부문으로 운영됩니다. 탱커 부문은 휘발유, 제트 연료, 등유, 나프타, 가스유와 같은 정제유 제품과 연료유를 포함한 더러운 석유 제품을 운송합니다.더 보기TORM plc 기초 지표 요약TORM의 순이익과 매출은 시가총액과 어떻게 비교됩니까?1T4 기초 통계시가총액€2.87b순이익 (TTM)€297.01m매출 (TTM)€1.21b9.7x주가수익비율(P/E)2.4x주가매출비율(P/S)1T4는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표1T4 손익계산서 (TTM)매출US$1.41b매출원가US$679.30m총이익US$733.10m기타 비용US$387.70m순이익US$345.40m최근 보고된 실적Mar 31, 2026다음 실적 발표일Aug 26, 2026주당순이익(EPS)3.38총이익률51.90%순이익률24.45%부채/자본 비율47.6%1T4의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당6.5%현재 배당 수익률49%배당 성향1T4는 안정적으로 배당을 지급합니까?1T4 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 1T4를 매수해야 하나요?TORM 배당 일정배당락일May 27 2026배당 지급일Jun 11 2026배당락일까지 남은 일수6 days배당 지급일까지 남은 일수21 days1T4는 안정적으로 배당을 지급합니까?1T4 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 08:43종가2026/05/20 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스TORM plc는 7명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullABG Sundal CollierMarcus BellanderCarnegie Investment Bank ABBendik NyttingnesDanske Bank4명의 분석가 더 보기
Declared Dividend • 9hFirst quarter dividend of US$0.70 announcedShareholders will receive a dividend of US$0.70. Ex-date: 27th May 2026 Payment date: 11th June 2026 Dividend yield will be 7.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (254% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 56% over the next 3 years. Since a fall of 45% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Board Change • 9hLess 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.
공시 • Feb 26+ 1 more updateTORM plc Announces Interim Dividend for the Fourth Quarter of 2025, Payable on 25 March 2026TORM plc announced that the Board of Directors has approved an interim dividend for the fourth quarter of 2025 of USD 0.70 per share to be paid to the shareholders, corresponding to an expected total dividend payment of USD 70.9 million. The payment date is 25 March 2026 to all shareholders on record as of 12 March 2026, and the ex-dividend date is 11 March 2026 for the shares listed on Nasdaq OMX Copenhagen and 12 March 2026 for the shares listed on Nasdaq New York.
Board Change • Jan 08Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Annette Beate Wacknitz Justad was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • 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.
공시 • Dec 24Hafnia Limited (OB:HAFNI) completed the acquisition of 13.97% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates.Hafnia Limited (OB:HAFNI) enters into a preliminary agreement to acquire 14.45% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates for approximately $310 million on September 3, 2025. Hafnia Limited entered into a binding share purchase agreement to acquire 14.45% stake in TORM plc on September 11, 2025. A cash consideration valued at $22 per share will be paid by Hafnia Limited. The Announcement notes that completion of the Share Purchase is subject to entry into a definitive agreement and the fulfilment of customary conditions precedent, including among others, obtaining any required regulatory clearances and approvals, the satisfaction of certain covenants, The appointment of a new independent board chairman of TORM and approval of the Transaction by the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica – CADE) in Brazil. As of December 18, 2025, all conditions precedent required for the completion of Hafnia’s acquisition of approximately 14.1 million A-shares in TORM plc have been satisfied. Since September 11, 2025, TORM has announced to have increased its issued share capital by 3,380,278 new A-shares. Consequently, Hafnia’s acquisition of approximately 14.1 million A-shares will represent approximately 13.97% of TORM’s issued share capital as per the date hereof. Upon completion, Hafnia will hold approximately 13.97% of the issued share capital of TORM. Completion of the acquisition is expected to take place shortly. Dan Schuster-Woldan, Matthew Hearn, Ross Ferguson, Christopher J. Cummings, Deeksha Rathi of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Oaktree Capital Management, L.P., and its affiliates in the sale of stake in TORM. Henrik Laursen, Janus Jepsen, Peter E. Stassen, Lise Aaby Nielsen, Lynge Daugaard Jensen of Plesner Advokatpartnerselskab acted as legal advisor to Hafnia Limited. Hafnia Limited (OB:HAFNI) completed the acquisition of 13.97% stake in TORM plc (CPSE:TRMD A) from Oaktree Capital Management, L.P. and and its affiliates on December 22, 2025.
Declared Dividend • 9hFirst quarter dividend of US$0.70 announcedShareholders will receive a dividend of US$0.70. Ex-date: 27th May 2026 Payment date: 11th June 2026 Dividend yield will be 7.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (254% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 56% over the next 3 years. Since a fall of 45% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Board Change • 9hLess 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.
공시 • Feb 26+ 1 more updateTORM plc Announces Interim Dividend for the Fourth Quarter of 2025, Payable on 25 March 2026TORM plc announced that the Board of Directors has approved an interim dividend for the fourth quarter of 2025 of USD 0.70 per share to be paid to the shareholders, corresponding to an expected total dividend payment of USD 70.9 million. The payment date is 25 March 2026 to all shareholders on record as of 12 March 2026, and the ex-dividend date is 11 March 2026 for the shares listed on Nasdaq OMX Copenhagen and 12 March 2026 for the shares listed on Nasdaq New York.
Board Change • Jan 08Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Annette Beate Wacknitz Justad was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • 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.
공시 • 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.
공시 • Dec 20TORM plc, Annual General Meeting, Apr 15, 2026TORM plc, Annual General Meeting, Apr 15, 2026.
공시 • 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
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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).
공시 • Mar 06+ 1 more updateTorm plc Provides Earnings Guidance for the Year 2025TORM plc provided earnings guidance for the year 2025. For the full year 2025, TCE earnings are expected to be in the range of USD 650 million - 950 million (2024: USD 1,135m).
New Risk • Jan 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 29% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (181% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding).
Board Change • Dec 30Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Employee Representative Board Observer Christian Gorrissen was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Declared Dividend • Nov 10Third quarter dividend of US$1.20 announcedShareholders will receive a dividend of US$1.20. Ex-date: 20th November 2024 Payment date: 4th December 2024 Dividend yield will be 24%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (178% cash payout ratio). The dividend has increased by an average of 28% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to decline by 47% over the next 2 years. Since a fall of 19% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: US$1.38 (vs US$1.47 in 3Q 2023)Third quarter 2024 results: EPS: US$1.38. Revenue: US$372.1m (up 3.9% from 3Q 2023). Net income: US$130.5m (up 5.0% from 3Q 2023). Profit margin: 35% (in line with 3Q 2023). Revenue is forecast to decline by 18% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat.
공시 • Nov 08TORM plc, Annual General Meeting, Apr 16, 2025TORM plc, Annual General Meeting, Apr 16, 2025.
공시 • Nov 07+ 3 more updatesTORM plc to Report Q3, 2025 Results on Nov 06, 2025TORM plc announced that they will report Q3, 2025 results on Nov 06, 2025
Recent Insider Transactions • Oct 09CEO & Executive Director recently sold €7.8m worth of stockOn the 4th of October, Jacob Meldgaard sold around 261k shares on-market at roughly €29.94 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jacob has been a net seller over the last 12 months, reducing personal holdings by €22m.
Upcoming Dividend • Aug 21Upcoming dividend of US$1.80 per shareEligible shareholders must have bought the stock before 28 August 2024. Payment date: 30 August 2024. Payout ratio is on the higher end at 76%, and the cash payout ratio is above 100%. Trailing yield: 15%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.5%).
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: US$2.08 (vs US$2.23 in 2Q 2023)Second quarter 2024 results: EPS: US$2.08. Revenue: US$437.7m (up 14% from 2Q 2023). Net income: US$194.5m (up 4.7% from 2Q 2023). Profit margin: 44% (down from 48% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 37%.
공시 • 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.
공시 • May 31TORM plc has filed a Follow-on Equity Offering.TORM plc has filed a Follow-on Equity Offering. Security Name: Class A Common Shares Security Type: Common Stock Securities Offered: 6,896,552
Declared Dividend • May 13Fourth quarter dividend of US$1.50 announcedShareholders will receive a dividend of US$1.50. Ex-date: 21st May 2024 Payment date: 4th June 2024 Dividend yield will be 16%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not covered by cash flows (184% cash payout ratio). The dividend has increased by an average of 28% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to decline by 60% over the next 3 years. Since a fall of 17% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
공시 • 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).
공시 • Apr 11TORM plc Approves a Final Dividend for the Year Ended 31 December 2023TORM plc approved a final dividend of USD 1.36 per A-share for the year ended 31 December 2023.
Upcoming Dividend • Apr 08Upcoming dividend of US$1.36 per shareEligible shareholders must have bought the stock before 15 April 2024. Payment date: 24 April 2024. Payout ratio is a comfortable 75% but the company is paying out more than the cash it is generating. Trailing yield: 16%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.2%).
공시 • Mar 08TORM plc Provides Earnings Guidance for the Year 2024TORM plc provided earnings guidance for the year 2024. For the full year 2024, TCE earnings are expected to be in the range of USD 1.0 billion – 1.35 billion.
Reported Earnings • Mar 08Full year 2023 earnings released: EPS: US$7.75 (vs US$6.92 in FY 2022)Full year 2023 results: EPS: US$7.75 (up from US$6.92 in FY 2022). Revenue: US$1.52b (up 5.3% from FY 2022). Net income: US$648.3m (up 15% from FY 2022). Profit margin: 43% (up from 39% in FY 2022). Revenue is forecast to decline by 21% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.
공시 • 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.
공시 • 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
공시 • Dec 02+ 4 more updatesTORM plc to Report Q3, 2024 Results on Nov 07, 2024TORM plc announced that they will report Q3, 2024 results on Nov 07, 2024
New Risk • Nov 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by cash flows (104% cash payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (€15m sold).
Recent Insider Transactions • Nov 17CEO & Executive Director recently sold €28m worth of stockOn the 14th of November, Jacob Meldgaard sold around 507k shares on-market at roughly €55.78 per share. This transaction amounted to 99% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jacob's only on-market trade for the last 12 months.
Upcoming Dividend • Nov 14Upcoming dividend of US$1.46 per share at 19% yieldEligible shareholders must have bought the stock before 21 November 2023. Payment date: 23 November 2023. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 19%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.7%).
New Risk • Nov 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by cash flows (104% cash payout ratio). Shareholders have been diluted in the past year (3.4% increase in shares outstanding).
공시 • 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).
공시 • Nov 11TORM plc Approves Interim Dividend for the Third Quarter of 2023, Payable on 05 December 2023TORM plc Board of Directors has approved an interim dividend for Third Quarter 2023 of USD 1.46 per share, resulting in an expected total dividend payment of USD 123.2m. The payment date is 05 December 2023 while the ex-dividend date is 21 November 2023, and the record date is 22 November 2023.
Reported Earnings • Nov 10Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: US$358.1m (down 20% from 3Q 2022). Net income: US$124.3m (down 43% from 3Q 2022). Profit margin: 35% (down from 48% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 18New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 55% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 42% per year for the foreseeable future. Minor Risks High level of debt (55% net debt to equity). Dividend is not well covered by cash flows (116% cash payout ratio).
Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: US$2.23 (vs US$1.31 in 2Q 2022)Second quarter 2023 results: EPS: US$2.23 (up from US$1.31 in 2Q 2022). Revenue: US$384.3m (up 14% from 2Q 2022). Net income: US$185.8m (up 74% from 2Q 2022). Profit margin: 48% (up from 32% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is expected to decline by 30% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.
공시 • Aug 18+ 1 more updateTORM plc Provides Earnings Guidance for the Full Year 2023TORM plc provided earnings guidance for the full year 2023. For the year, the company expected TCE earnings to be in the range of USD 1,050 million to USD 1,175 million (previous outlook: USD 1,025 million to 1,375 million).
Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Employee Representative Board Observer Christian Gorrissen was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Upcoming Dividend • May 15Upcoming dividend of US$1.46 per share at 16% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 16%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.8%).
공시 • May 12TORM plc Reaffirms Earnings Guidance for the Year 2023TORM plc reaffirmed earnings guidance for the year 2023. For the full year 2023, the company earnings are expected to be in the range of USD 1,025 million to USD 1,375 million (unchanged from the outlook released on 16 March 2023).
Reported Earnings • May 12First quarter 2023 earnings released: EPS: US$1.87 (vs US$0.13 in 1Q 2022)First quarter 2023 results: EPS: US$1.87 (up from US$0.13 in 1Q 2022). Revenue: US$390.2m (up 86% from 1Q 2022). Net income: US$153.6m (up US$143.2m from 1Q 2022). Profit margin: 39% (up from 5.0% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 27% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 11TORM plc Approves an Interim Dividend for First Quarter 2023, Payable on 6 June 2023TORM plc's board of directors has approved an interim dividend for first quarter 2023 of USD 1.46 per share, resulting in an expected total dividend payment of USD 121.1 million. The payment is expected on 6 June 2023, with ex-dividend date on 22 May 2023 and record date on 23 May 2023.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €31.82, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 400% over the past three years.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €26.36, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 416% over the past three years.
Reported Earnings • Mar 17Full year 2022 earnings releasedFull year 2022 results: Revenue: US$1.44b (up 133% from FY 2021). Net income: US$562.8m (up US$604.8m from FY 2021). Profit margin: 39% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 26% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 68% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €21.22, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 231% over the past three years.
공시 • 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
공시 • Dec 07TORM plc, Annual General Meeting, Apr 13, 2023TORM plc, Annual General Meeting, Apr 13, 2023.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: US$2.66 (vs US$0.18 loss in 3Q 2021)Third quarter 2022 results: EPS: US$2.66 (up from US$0.18 loss in 3Q 2021). Revenue: US$448.1m (up 188% from 3Q 2021). Net income: US$217.1m (up US$231.8m from 3Q 2021). Profit margin: 48% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings.
Upcoming Dividend • Nov 16Upcoming dividend of US$1.46 per shareEligible shareholders must have bought the stock before 22 November 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (0.9%).
Reported Earnings • Nov 13Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: US$448.1m (up 188% from 3Q 2021). Net income: US$217.1m (up US$231.8m from 3Q 2021). Profit margin: 48% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is expected to fall by 22% p.a. on average during the next 3 years compared to a 4.6% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to €29.84, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 321% over the past three years.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment improved over the past weekAfter last week's 18% share price gain to €21.92, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 179% over the past three years.
Upcoming Dividend • Aug 24Upcoming dividend of US$0.58 per shareEligible shareholders must have bought the stock before 31 August 2022. Payment date: 16 September 2022. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.1%).
Reported Earnings • Aug 19Second quarter 2022 earnings released: EPS: US$1.31 (vs US$0.027 in 2Q 2021)Second quarter 2022 results: EPS: US$1.31 (up from US$0.027 in 2Q 2021). Revenue: US$338.5m (up 125% from 2Q 2021). Net income: US$106.6m (up US$104.5m from 2Q 2021). Profit margin: 32% (up from 1.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 51% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.
공시 • Aug 18Torm plc Approves an Interim Dividend for Second Quarter 2022, Payment Is Expected on 16 September 2022TORM plc announced that Board of Directors has approved an interim dividend for Second Quarter 2022 of USD 0.58 per share, with an expected total dividend of USD 47 million. Payment is expected on 16 September 2022, with ex-dividend date on 31 August 2022.
공시 • Aug 17TORM plc (CPSE:TRMD A) completed the acquisition of 75% stake in Me Production A/S from Jens Peter Faldt and other shareholders.TORM plc (CPSE:TRMD A) acquired 75% stake in Me Production A/S from Jens Peter Faldt and other shareholders on August 16, 2022. Jens Peter Faldt will maintain 25% ownership of Me Production.TORM plc (CPSE:TRMD A) completed the acquisition of 75% stake in Me Production A/S from Jens Peter Faldt and other shareholders on August 16, 2022.
Reported Earnings • May 12First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: US$209.4m (up 69% from 1Q 2021). Net income: US$10.4m (up US$31.7m from 1Q 2021). Profit margin: 5.0% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to stay flat compared to a 59% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 04Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: US$0.54 loss per share (down from US$1.19 profit in FY 2020). Revenue: US$619.5m (down 17% from FY 2020). Net loss: US$42.1m (down 148% from profit in FY 2020). Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 26%, compared to a 68% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 11Third quarter 2021 earnings released: US$0.18 loss per share (vs US$0.008 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: US$155.5m (down 5.0% from 3Q 2020). Net loss: US$14.7m (down US$15.3m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 11Second quarter 2021 earnings releasedThe company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$150.8m (down 35% from 2Q 2020). Net income: US$2.10m (down 97% from 2Q 2020). Profit margin: 1.4% (down from 31% in 2Q 2020). The decrease in margin was driven by lower revenue.
Reported Earnings • May 14First quarter 2021 earnings releasedThe company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: US$124.1m (down 50% from 1Q 2020). Net loss: US$21.3m (down 138% from profit in 1Q 2020).
Reported Earnings • Mar 02Full year 2020 earnings releasedThe company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$747.4m (up 7.9% from FY 2019). Net income: US$88.1m (down 47% from FY 2019). Profit margin: 12% (down from 24% in FY 2019). The decrease in margin was driven by higher expenses.
Analyst Estimate Surprise Post Earnings • Mar 02Revenue beats expectationsRevenue exceeded analyst estimates by 3.8%. Over the next year, revenue is expected to shrink by 53% compared to a 30% growth forecast for the Oil and Gas industry in Germany.
Is New 90 Day High Low • Feb 13New 90-day high: €6.54The company is up 12% from its price of €5.85 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.67 per share.
Is New 90 Day High Low • Jan 14New 90-day high: €6.34The company is up 12% from its price of €5.66 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.65 per share.
공시 • Dec 19+ 3 more updatesTORM plc to Report First Half, 2021 Results on Aug 10, 2021TORM plc announced that they will report first half, 2021 results on Aug 10, 2021
