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TRMDTORM plc
$34.63$3.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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TRMD logo

TORM plc

TRMD
NASDAQ · Midstream Oil & Gas
$34.63
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$3.54B
P/E11.7x
52W High$38.73
Volume2.37M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Spot Rate Volatility Drives Earnings and Cash Flow Swings

TORM's investment thesis is centered on its direct exposure to volatile product tanker spot freight rates, which drive significant swings in revenue and profitability, as evidenced by revenue growth ranging from -28.0% to +106.0% over the past ten quarters. Th...

GrowthMixed
ProfitabilityStrong
ValuationAttractive
TechnicalsStrong
Explore valuation models
MARKET ACTION

TRMD price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-13% Peers

P/E is 13% below peer median

03

Market leadership

RS 91 · Leader

High momentum (Outperforming 91% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Nov 26

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
TRMD+94.19%
S&P 500 (^GSPC)+13.20%
1-Year Return
TRMD+76.14%
S&P 500 (^GSPC)+15.98%
3-Year Return
TRMD+73.96%
S&P 500 (^GSPC)+69.77%
5-Year Return
TRMD+607.91%
S&P 500 (^GSPC)+54.18%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
11.7x
Forward P/EExpansion
4.6x
EV/EBITDA80th %ile
7.6x
FCF YieldCash Flow
5.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
11.7x
4.2x
100th· High
EV/EBITDA
7.6x
4.1x
80th· High
Price/FCF
17.9x
8.7x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$53.69+55.0%
Base (Fair)$86.53+126.3%
Bull$142.64+311.9%
$53.69 Bear$86.53 Base$142.64 Bull
Current Market Price: $34.63
Trades at a 60.0% discount to Base DCF ($86.53)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.39B-10.9% YoY
Net income
$296M-51.7% YoY
Free cash flow
$198M-15.3% YoY
Operating margin
25.6%-16.7 pts YoY
ROIC (TTM)8.8%
Avg ROIC 5Y-
ROE (TTM)13.9%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate11/12 (92%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 26, 2026
$3.25-1.8%
vs $3.31
$512M+2.6%
vs $499M
Q2 2026
May 13, 2026
$1.18-11.3%
vs $1.33
$286M-3.8%
vs $297M
Q1 2026
Feb 26, 2026
$0.87+4.7%
vs $0.83
$251M+6.3%
vs $236M
Q4 2025
Nov 6, 2025
$0.77-5.6%
vs $0.82
$343M+25.7%
vs $273M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·Sep 16, 2026
HAFNIA LIMITED: Acquisition of an Additional 4.5 Million TORM Shares

SINGAPORE--(BUSINESS WIRE)--Hafnia Limited ("Hafnia", the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN") has agreed to acquire 4,500,000 A shares in TORM plc ("TORM", CSE ticker code: "TRMD A", NASDAQ ticker code: "TRMD") at a price per share of USD 32.25, representing 4.39% of the issued and outstanding share capital of TORM as of the date hereof. Upon completion of this acquisition, Hafnia will hold approximately 18.22% of the issued and outstanding share capital of TORM. Abou.

PRNewsWire·Sep 15, 2026
TORM plc announces pricing of secondary public offering of its class A common shares

HELLERUP, Denmark, Sept. 15, 2026 /PRNewswire/ -- TORM plc (the "Company" or "TORM") (NASDAQ: TRMD) (NASDAQ: TRMD A) today announces the pricing of a secondary public offering of 9,000,000 (nine million) of the Company's Class A common shares by OCM Njord Holdings S.

PRNewsWire·Sep 14, 2026
TORM plc announces secondary public offering of its class A common shares by a selling shareholder

HELLERUP, Denmark, Sept. 14, 2026 /PRNewswire/ -- TORM plc (the "Company" or "TORM") (Nasdaq: TRMD) (Nasdaq: TRMD A) today announces the commencement of a secondary public offering of 9,000,000 (nine million) of the Company's Class A common shares by OCM Njord Holdings S.

Seeking Alpha·Sep 12, 2026
Graham Value All-Stars (GVAS) Emit 10 Brilliant September Buys

The September GVAS portfolio highlights 10 ideal, fair-priced large-cap value stocks with strong dividend yields and positive free cash flow margins. Top GVAS dogs are projected to deliver average net gains of 36.8% by September 2027, with risk/volatility 46% below the market. Analyst targets suggest the five lowest-priced, highest-yield GVAS stocks could outperform the broader top ten by 5.12% over the next year.

Filtered for TORM plcMore Headlines
04

Compare before deciding

Benchmark TRMD against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for TORM plc (TRMD)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TRMD logoTRMDTORM plcCurrent
$34.63$3.54B11.70-10.86%21.3%13.86%5.98%
STNG logoSTNGScorpio Tankers Inc.
$82.33$4.1B11.71-24.58%67.16%24.51%—
INSW logoINSWInternational Seaways, Inc.
$103.95$5.15B16.69-11.38%61.86%37.04%—
TNK logoTNKTeekay Tankers Ltd.
$95.60$3.31B9.47-22.58%51.35%27.73%—
HAFN logoHAFNHafnia Limited
$9.23$4.61B13.38-18.12%24.56%26.22%—
TEN logoTENTsakos Energy Navigation Limited
$48.27$1.45B10.85-0.67%28.75%13.95%—

Compare TRMD vs Peers

TORM plc (TRMD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs STNG

Most directly comparable listed peer for TRMD.

Scale Benchmark

vs FRO

Larger-name benchmark to compare TRMD against a more recognizable public peer.

Peer Set

Compare Top 5

vs STNG, INSW, TNK, HAFN

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TRMD Frequently Asked Questions

TORM plc (TRMD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is TORM plc's revenue?

TORM plc (TRMD) reported $1.74B in revenue for fiscal year 2025. This represents a 547% increase from $269.6M in 2000.

How fast is TORM plc growing?

TORM plc (TRMD) saw revenue decline by 10.9% over the past year.

Is TRMD profitable?

Yes, TORM plc (TRMD) is profitable, generating $617.0M in net income for fiscal year 2025 (21.3% net margin).

Dividend & Returns
Does TRMD pay dividends?

Yes, TORM plc (TRMD) pays a dividend with a yield of 5.98%. This makes it attractive for income-focused investors.

What is TRMD's return on equity?

TORM plc (TRMD) has a return on equity (ROE) of 13.9%. This is reasonable for most industries.

What is TORM plc's free cash flow?

TORM plc (TRMD) generated $186.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in TRMD back in 2000?

Total return calculator · dividends reinvested · 26+ years of data

See returns →