TORM plc

BATS-CHIXE:TRMDAC Stock Report

Market Cap: DKK 15.8b

TORM Valuation

Is TRMDAC 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 TRMDAC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TRMDAC (DKK173.8) is trading below our estimate of fair value (DKK428.11)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TRMDAC. This is calculated by dividing TRMDAC's market cap by their current earnings.
What is TRMDAC's PE Ratio?
PE Ratio3.1x
EarningsUS$719.37m
Market CapUS$2.23b

Price to Earnings Ratio vs Peers

How does TRMDAC's PE Ratio compare to its peers?

The above table shows the PE ratio for TRMDAC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.3x
NWF NWF Group
8.1x3.1%UK£73.7m
ITH Ithaca Energy
12.8x-9.3%UK£1.6b
ENOG Energean
8.6x7.0%UK£1.9b
SEPL Seplat Energy
19.6x13.4%UK£1.3b
TRMDAC TORM
3.1x-29.4%DKK 15.8b

Price-To-Earnings vs Peers: TRMDAC is good value based on its Price-To-Earnings Ratio (3.1x) compared to the peer average (12.4x).

Price to Earnings Ratio vs Industry

How does TRMDAC's PE Ratio compare vs other companies in the GB Oil and Gas Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ROSN Rosneft Oil
1.5xn/aUS$21.03b
INDI Indus Gas
1xn/aUS$20.07m
No more companies available in this PE range
No. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TRMDAC is good value based on its Price-To-Earnings Ratio (3.1x) compared to the UK Oil and Gas industry average (8.4x).

Price to Earnings Ratio vs Fair Ratio

What is TRMDAC'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.

TRMDAC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TRMDAC'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 TRMDAC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
DKK 242.04
0%
18.1%DKK 285.82DKK 198.26n/a2
Nov ’25DKK 178.65
DKK 247.81
+38.7%
13.2%DKK 292.37DKK 214.36n/a3
Oct ’25DKK 217.40
DKK 267.66
+23.1%
8.4%DKK 284.24DKK 236.06n/a3
Sep ’25DKK 243.20
DKK 287.95
+18.4%
2.4%DKK 297.33DKK 280.90n/a3
Aug ’25DKK 263.60
DKK 286.32
+8.6%
1.0%DKK 290.38DKK 283.28n/a3
Jul ’25n/a
DKK 290.41
0%
0.4%DKK 291.27DKK 288.94n/a3
Jun ’25DKK 254.40
DKK 283.79
+11.6%
1.8%DKK 289.91DKK 277.19n/a3
May ’25DKK 246.60
DKK 283.07
+14.8%
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 ’25n/a
DKK 267.75
0%
2.1%DKK 275.20DKK 260.12n/a4
Feb ’25n/a
DKK 261.88
0%
0.9%DKK 265.06DKK 260.16n/a3
Jan ’25DKK 203.00
DKK 264.56
+30.3%
1.5%DKK 269.36DKK 259.96n/a3
Dec ’24DKK 194.90
DKK 264.56
+35.7%
1.5%DKK 269.36DKK 259.96n/a3
Nov ’24n/a
DKK 253.19
0%
4.0%DKK 264.23DKK 239.77DKK 178.653
Oct ’24n/a
DKK 247.87
0%
1.8%DKK 252.21DKK 243.53DKK 217.402
Sep ’24n/a
DKK 240.93
0%
1.1%DKK 244.81DKK 238.82DKK 243.203
Aug ’24n/a
DKK 255.34
0%
5.0%DKK 273.34DKK 244.54DKK 263.603
Jul ’24n/a
DKK 258.96
0%
3.8%DKK 272.75DKK 249.82n/a3
Jun ’24n/a
DKK 261.11
0%
3.7%DKK 274.76DKK 252.38DKK 254.403
May ’24DKK 211.10
DKK 267.91
+26.9%
4.1%DKK 276.70DKK 252.60DKK 246.603
Apr ’24DKK 200.90
DKK 263.74
+31.3%
10.2%DKK 298.52DKK 232.86DKK 234.203
Mar ’24DKK 237.60
DKK 235.06
-1.1%
0.7%DKK 236.19DKK 232.82n/a3
Feb ’24DKK 178.20
DKK 232.67
+30.6%
0.04%DKK 232.82DKK 232.60n/a3
Jan ’24DKK 201.20
DKK 236.49
+17.5%
1.1%DKK 238.25DKK 232.97DKK 203.003
Dec ’23DKK 201.20
DKK 242.22
+20.4%
2.7%DKK 246.84DKK 233.00DKK 194.903
Nov ’23DKK 196.30
DKK 240.58
+22.6%
3.8%DKK 253.48DKK 232.66n/a3

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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