TORM plc

CPSE:TRMD A Stock Report

Market Cap: DKK 14.0b

TORM Management

Management criteria checks 3/4

TORM's CEO is Jacob Meldgaard, appointed in Apr 2010, has a tenure of 15.67 years. total yearly compensation is $8.02M, comprised of 15.2% salary and 84.8% bonuses, including company stock and options. directly owns 0.76% of the company’s shares, worth DKK103.33M. The average tenure of the management team and the board of directors is 14.6 years and 10 years respectively.

Key information

Jacob Meldgaard

Chief executive officer

US$8.0m

Total compensation

CEO salary percentage15.17%
CEO tenure15.7yrs
CEO ownership0.8%
Management average tenure14.6yrs
Board average tenure10yrs

Recent management updates

Shareholders May Not Be So Generous With TORM plc's (CPH:TRMD A) CEO Compensation And Here's Why

Apr 09
Shareholders May Not Be So Generous With TORM plc's (CPH:TRMD A) CEO Compensation And Here's Why

Recent updates

Why TORM's (CPH:TRMD A) Shaky Earnings Are Just The Beginning Of Its Problems

Nov 16
Why TORM's (CPH:TRMD A) Shaky Earnings Are Just The Beginning Of Its Problems

Are Investors Undervaluing TORM plc (CPH:TRMD A) By 38%?

Oct 24
Are Investors Undervaluing TORM plc (CPH:TRMD A) By 38%?

The Returns At TORM (CPH:TRMD A) Aren't Growing

Oct 09
The Returns At TORM (CPH:TRMD A) Aren't Growing

There Is A Reason TORM plc's (CPH:TRMD A) Price Is Undemanding

Sep 23
There Is A Reason TORM plc's (CPH:TRMD A) Price Is Undemanding

An Intrinsic Calculation For TORM plc (CPH:TRMD A) Suggests It's 48% Undervalued

Jul 24
An Intrinsic Calculation For TORM plc (CPH:TRMD A) Suggests It's 48% Undervalued

TORM (CPH:TRMD A) Is Experiencing Growth In Returns On Capital

Jul 07
TORM (CPH:TRMD A) Is Experiencing Growth In Returns On Capital

Why TORM's (CPH:TRMD A) Shaky Earnings Are Just The Beginning Of Its Problems

May 17
Why TORM's (CPH:TRMD A) Shaky Earnings Are Just The Beginning Of Its Problems

Shareholders May Not Be So Generous With TORM plc's (CPH:TRMD A) CEO Compensation And Here's Why

Apr 09
Shareholders May Not Be So Generous With TORM plc's (CPH:TRMD A) CEO Compensation And Here's Why

TORM plc's (CPH:TRMD A) Business And Shares Still Trailing The Market

Mar 26
TORM plc's (CPH:TRMD A) Business And Shares Still Trailing The Market

Revenue Beat: TORM plc Exceeded Revenue Forecasts By 24% And Analysts Are Updating Their Estimates

Mar 10
Revenue Beat: TORM plc Exceeded Revenue Forecasts By 24% And Analysts Are Updating Their Estimates

These 4 Measures Indicate That TORM (CPH:TRMD A) Is Using Debt Reasonably Well

Jan 22
These 4 Measures Indicate That TORM (CPH:TRMD A) Is Using Debt Reasonably Well

Investors Shouldn't Overlook TORM's (CPH:TRMD A) Impressive Returns On Capital

Dec 22
Investors Shouldn't Overlook TORM's (CPH:TRMD A) Impressive Returns On Capital

TORM plc's (CPH:TRMD A) Prospects Need A Boost To Lift Shares

Dec 03
TORM plc's (CPH:TRMD A) Prospects Need A Boost To Lift Shares

TORM's (CPH:TRMD A) Solid Earnings May Rest On Weak Foundations

Nov 15
TORM's (CPH:TRMD A) Solid Earnings May Rest On Weak Foundations

TORM plc Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next

Nov 11
TORM plc Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next

TORM (CPH:TRMD A) Has A Pretty Healthy Balance Sheet

Sep 30
TORM (CPH:TRMD A) Has A Pretty Healthy Balance Sheet

We Think TORM (CPH:TRMD A) Might Have The DNA Of A Multi-Bagger

Sep 16
We Think TORM (CPH:TRMD A) Might Have The DNA Of A Multi-Bagger

TORM plc's (CPH:TRMD A) Intrinsic Value Is Potentially 58% Above Its Share Price

Jul 17
TORM plc's (CPH:TRMD A) Intrinsic Value Is Potentially 58% Above Its Share Price

Benign Growth For TORM plc (CPH:TRMD A) Underpins Its Share Price

Jun 11
Benign Growth For TORM plc (CPH:TRMD A) Underpins Its Share Price

We Take A Look At Why TORM plc's (CPH:TRMD A) CEO Has Earned Their Pay Packet

Apr 05
We Take A Look At Why TORM plc's (CPH:TRMD A) CEO Has Earned Their Pay Packet

Investors Shouldn't Be Too Comfortable With TORM's (CPH:TRMD A) Earnings

Mar 15
Investors Shouldn't Be Too Comfortable With TORM's (CPH:TRMD A) Earnings

TORM plc Beat Revenue Forecasts By 16%: Here's What Analysts Are Forecasting Next

Mar 11
TORM plc Beat Revenue Forecasts By 16%: Here's What Analysts Are Forecasting Next

Growth Investors: Industry Analysts Just Upgraded Their TORM plc (CPH:TRMD A) Revenue Forecasts By 10%

Mar 09
Growth Investors: Industry Analysts Just Upgraded Their TORM plc (CPH:TRMD A) Revenue Forecasts By 10%

Is TORM (CPH:TRMD A) Using Too Much Debt?

Feb 29
Is TORM (CPH:TRMD A) Using Too Much Debt?

Is Now The Time To Put TORM (CPH:TRMD A) On Your Watchlist?

Jan 23
Is Now The Time To Put TORM (CPH:TRMD A) On Your Watchlist?

Why Investors Shouldn't Be Surprised By TORM plc's (CPH:TRMD A) Low P/E

Dec 25
Why Investors Shouldn't Be Surprised By TORM plc's (CPH:TRMD A) Low P/E

Investors Shouldn't Overlook TORM's (CPH:TRMD A) Impressive Returns On Capital

Dec 11
Investors Shouldn't Overlook TORM's (CPH:TRMD A) Impressive Returns On Capital

TORM (CPH:TRMD A) Seems To Use Debt Quite Sensibly

Oct 11
TORM (CPH:TRMD A) Seems To Use Debt Quite Sensibly

Here's Why TORM (CPH:TRMD A) Has Caught The Eye Of Investors

Sep 11
Here's Why TORM (CPH:TRMD A) Has Caught The Eye Of Investors

Are Investors Undervaluing TORM plc (CPH:TRMD A) By 32%?

Aug 24
Are Investors Undervaluing TORM plc (CPH:TRMD A) By 32%?

The Trend Of High Returns At TORM (CPH:TRMD A) Has Us Very Interested

Aug 09
The Trend Of High Returns At TORM (CPH:TRMD A) Has Us Very Interested

CEO Compensation Analysis

How has Jacob Meldgaard's remuneration changed compared to TORM's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

US$276m

Jun 30 2025n/an/a

US$329m

Mar 31 2025n/an/a

US$465m

Dec 31 2024US$8mUS$1m

US$613m

Sep 30 2024n/an/a

US$719m

Jun 30 2024n/an/a

US$713m

Mar 31 2024n/an/a

US$704m

Dec 31 2023US$7mUS$1m

US$648m

Sep 30 2023n/an/a

US$692m

Jun 30 2023n/an/a

US$785m

Mar 31 2023n/an/a

US$706m

Dec 31 2022US$2mUS$1m

US$563m

Sep 30 2022n/an/a

US$326m

Jun 30 2022n/an/a

US$94m

Mar 31 2022n/an/a

-US$10m

Dec 31 2021US$2mUS$1m

-US$42m

Sep 30 2021n/an/a

-US$74m

Jun 30 2021n/an/a

-US$59m

Mar 31 2021n/an/a

US$10m

Dec 31 2020US$2mUS$1m

US$88m

Sep 30 2020n/an/a

US$275m

Jun 30 2020n/an/a

US$265m

Mar 31 2020n/an/a

US$199m

Dec 31 2019US$2mUS$1m

US$166m

Sep 30 2019n/an/a

US$18m

Jun 30 2019n/an/a

US$2m

Mar 31 2019n/an/a

-US$12m

Dec 31 2018US$2mUS$1m

-US$35m

Compensation vs Market: Jacob's total compensation ($USD8.02M) is above average for companies of similar size in the Danish market ($USD2.41M).

Compensation vs Earnings: Jacob's compensation has been consistent with company performance over the past year.

CEO

Jacob Meldgaard (57 yo)

15.7yrs
Tenure
US$8,020,000
Compensation

Mr. Jacob Balslev Meldgaard has been the Chief Executive Officer of TORM Plc since April 1, 2010 and has been Executive Director since December 14, 2015. Mr. Meldgaard has many years of shipping experience...

Leadership Team

NamePositionTenureCompensationOwnership
Jacob Meldgaard
CEO & Executive Director15.7yrsUS$8.02m0.76%
DKK 106.4m
Kim Balle
Chief Financial Officer6yrsno datano data
Andreas Jørgensen
Head of Global Operationno datano datano data
Morten Agdrup
VP and Head of Corporate Finance & Strategyno datano datano data
Jesper Jensen
Senior VP & Head of Technical Divisionno datano datano data
Mikael Bo Larsen
Head of Investor Relationsno datano datano data
Joakim Vasehus
Head of Communicationsno datano datano data
Rasmus Johannes Hoffmann
Chief Engineer & Employee Representative Board Observerno datano datano data
Lars Christensen
Senior VP & Head of Projects14.6yrsno datano data
Liv Kjær
Board Observer and Head of Agency & Process Excellenceno datano datano data
Peter Jensen
Head of Charteringno datano datano data
Andreas Abildgaard-Hein
Vice Presidentno datano datano data
14.6yrs
Average Tenure
56.5yo
Average Age

Experienced Management: TRMD A's management team is seasoned and experienced (14.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jacob Meldgaard
CEO & Executive Director10yrsUS$8.02m0.76%
DKK 106.4m
Rasmus Johannes Hoffmann
Chief Engineer & Employee Representative Board Observer9.7yrsno datano data
Liv Kjær
Board Observer and Head of Agency & Process Excellence1.7yrsno datano data
David Weinstein
Independent Deputy Chairman & Senior Independent Director10.3yrsUS$217.00k0.0049%
DKK 691.9k
Annette Beate Wacknitz Justad
Non-Executive Independent Director5.7yrsUS$163.00kno data
Christopher Boehringer
Chairman10.3yrsUS$212.00k0.021%
DKK 2.9m
Par Trapp
Non-Executive Independent Director10.2yrsUS$163.00kno data
10.0yrs
Average Tenure
57yo
Average Age

Experienced Board: TRMD A's board of directors are seasoned and experienced ( 10 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/03 21:45
End of Day Share Price 2025/12/03 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TORM plc is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Marcus BellanderCarnegie Investment Bank AB
Håvard LieDanske Bank