TORM plc

NasdaqGS:TRMD Stock Report

Market Cap: US$1.8b

TORM Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Jacob Meldgaard

Chief executive officer

US$2.5m

Total compensation

CEO salary percentage47.6%
CEO tenure14.7yrs
CEO ownershipn/a
Management average tenure13.6yrs
Board average tenure9yrs

Recent management updates

Recent updates

TORM Stock Could Be A Great Value Investment For The Next Few Years

Dec 12

TORM: Making Sense Of The Collapse And What To Do From Here

Nov 20

TORM plc: Double-Digit Yields And Attractive Discount To NAV (Rating Upgrade)

Nov 12

22% Yielding TORM: A Very Buyable Crash (Rating Upgrade)

Sep 16

How Good Is TORM's 22% Yield?

Sep 07

TORM: Still Making Cash, A 15% Yield, And More Room To Run

Jul 25

TORM PLC: Check Out That 16% Forward Yield

May 17

TORM Stock Is Still Cheap And Well Positioned

May 01

TORM plc: A Luring Dividend Yield And Skewed Risk Reward (Rating Downgrade)

Mar 27

My TORM Pick In 2021 Smoked All Big Tech Gains

Feb 13

TORM: Still Great Value To Be Unlocked

Jan 10

TORM: Further Increase In Charter Equivalent Rates Would Mean Higher Stock Price

Sep 07

TORM goes ex-dividend tomorrow

Aug 30

TORM GAAP EPS of $1.31, revenue of $338.5M

Aug 18

CEO Compensation Analysis

How has Jacob Meldgaard's remuneration changed compared to TORM's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$719m

Jun 30 2024n/an/a

US$713m

Mar 31 2024n/an/a

US$704m

Dec 31 2023US$3mUS$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

Sep 30 2018n/an/a

-US$29m

Jun 30 2018n/an/a

-US$9m

Mar 31 2018n/an/a

-US$1m

Dec 31 2017US$2mUS$1m

US$2m

Compensation vs Market: Jacob's total compensation ($USD2.51M) is below average for companies of similar size in the US market ($USD5.35M).

Compensation vs Earnings: Jacob's compensation has increased by more than 20% in the past year.

CEO

Jacob Meldgaard (56 yo)

14.7yrs

Tenure

US$2,513,000

Compensation

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

Leadership Team

NamePositionTenureCompensationOwnership
Jacob Meldgaard
CEO & Executive Director14.7yrsUS$2.51mno data
Kim Balle
Chief Financial Officer5yrsno 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
Lars Christensen
Senior VP & Head of Projects13.6yrsno datano data
Andreas Abildgaard-Hein
Vice Presidentno datano datano data

13.6yrs

Average Tenure

56yo

Average Age

Experienced Management: TRMD's management team is seasoned and experienced (13.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jacob Meldgaard
CEO & Executive Director9yrsUS$2.51mno data
David Weinstein
Independent Deputy Chairman & Senior Independent Director9.3yrsUS$219.00k0.0051%
$ 91.4k
Annette Beate Wacknitz Justad
Non-Executive Independent Director4.7yrsUS$164.00k0.0028%
$ 49.3k
Christopher Boehringer
Chairman9.3yrsUS$214.00k0.022%
$ 387.7k
Par Trapp
Non-Executive Independent Director9.2yrsUS$164.00k0%
$ 0
Rasmus Johannes Hoffmann
Employee Representative Board Observer8.7yrsno datano data
Christian Gorrissen
Employee Representative Board Observer4.6yrsno datano data

9.0yrs

Average Tenure

59yo

Average Age

Experienced Board: TRMD's board of directors are considered experienced (9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 23:44
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