TORM plc

CPSE:TRMD A Stock Report

Market Cap: DKK 12.8b

TORM Valuation

Is TRMD A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TRMD A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TRMD A (DKK131.6) is trading below our estimate of fair value (DKK397.68)

Significantly Below Fair Value: TRMD A is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TRMD A?

Key metric: As TRMD A is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TRMD A. This is calculated by dividing TRMD A's market cap by their current earnings.
What is TRMD A's PE Ratio?
PE Ratio2.5x
EarningsUS$719.37m
Market CapUS$1.80b

Price to Earnings Ratio vs Peers

How does TRMD A's PE Ratio compare to its peers?

The above table shows the PE ratio for TRMD A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average3.3x
CMBT Cmb.Tech
1.5x-50.2%€1.7b
INSW International Seaways
3.2x-13.2%US$1.6b
STNG Scorpio Tankers
3.2x-28.6%US$2.2b
500620 Great Eastern Shipping
5.2x-7.4%₹146.9b
TRMD A TORM
2.5x-29.4%DKK 12.8b

Price-To-Earnings vs Peers: TRMD A is good value based on its Price-To-Earnings Ratio (2.5x) compared to the peer average (3.3x).

Price to Earnings Ratio vs Industry

How does TRMD A's PE Ratio compare vs other companies in the European Oil and Gas Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TRMD A 2.5xIndustry Avg. 8.3xNo. of Companies16PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TRMD A is good value based on its Price-To-Earnings Ratio (2.5x) compared to the European Oil and Gas industry average (8.5x).

Price to Earnings Ratio vs Fair Ratio

What is TRMD A's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TRMD A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TRMD A's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TRMD A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 131.60
DKK 226.33
+72.0%
20.7%DKK 291.77DKK 184.83n/a3
Dec ’25DKK 148.70
DKK 226.46
+52.3%
20.7%DKK 291.99DKK 184.87n/a3
Nov ’25DKK 179.00
DKK 247.81
+38.4%
13.2%DKK 292.37DKK 214.36n/a3
Oct ’25DKK 218.60
DKK 267.66
+22.4%
8.4%DKK 284.24DKK 236.06n/a3
Sep ’25DKK 247.20
DKK 287.95
+16.5%
2.4%DKK 297.33DKK 280.90n/a3
Aug ’25DKK 263.20
DKK 286.32
+8.8%
1.0%DKK 290.38DKK 283.28n/a3
Jul ’25DKK 265.80
DKK 290.41
+9.3%
0.4%DKK 291.27DKK 288.94n/a3
Jun ’25DKK 254.60
DKK 283.79
+11.5%
1.8%DKK 289.91DKK 277.19n/a3
May ’25DKK 235.80
DKK 283.07
+20.0%
2.0%DKK 290.53DKK 277.00n/a3
Apr ’25DKK 234.20
DKK 278.54
+18.9%
2.9%DKK 290.03DKK 272.57n/a3
Mar ’25DKK 233.20
DKK 267.75
+14.8%
2.1%DKK 275.20DKK 260.12n/a4
Feb ’25DKK 249.60
DKK 261.88
+4.9%
0.9%DKK 265.06DKK 260.16n/a3
Jan ’25DKK 204.20
DKK 264.56
+29.6%
1.5%DKK 269.36DKK 259.96n/a3
Dec ’24DKK 199.00
DKK 264.56
+32.9%
1.5%DKK 269.36DKK 259.96DKK 148.703
Nov ’24DKK 221.80
DKK 253.19
+14.2%
4.0%DKK 264.23DKK 239.77DKK 179.003
Oct ’24DKK 191.30
DKK 247.87
+29.6%
1.8%DKK 252.21DKK 243.53DKK 218.602
Sep ’24DKK 173.70
DKK 240.93
+38.7%
1.1%DKK 244.81DKK 238.82DKK 247.203
Aug ’24DKK 168.40
DKK 255.34
+51.6%
5.0%DKK 273.34DKK 244.54DKK 263.203
Jul ’24DKK 164.20
DKK 258.96
+57.7%
3.8%DKK 272.75DKK 249.82DKK 265.803
Jun ’24DKK 176.20
DKK 261.11
+48.2%
3.7%DKK 274.76DKK 252.38DKK 254.603
May ’24DKK 206.00
DKK 267.91
+30.1%
4.1%DKK 276.70DKK 252.60DKK 235.803
Apr ’24DKK 210.80
DKK 263.74
+25.1%
10.2%DKK 298.52DKK 232.86DKK 234.203
Mar ’24DKK 254.60
DKK 235.06
-7.7%
0.7%DKK 236.19DKK 232.82DKK 233.203
Feb ’24DKK 178.40
DKK 232.67
+30.4%
0.04%DKK 232.82DKK 232.60DKK 249.603
Jan ’24DKK 198.40
DKK 236.49
+19.2%
1.1%DKK 238.25DKK 232.97DKK 204.203
Dec ’23DKK 202.80
DKK 242.22
+19.4%
2.7%DKK 246.84DKK 233.00DKK 199.003

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 01:54
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

TORM plc is covered by 11 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
Marcus BellanderCarnegie Investment Bank AB
Håvard LieDanske Bank
Jonathan ChappellEvercore ISI