TRMD-A Stock Analysis: TORM | CO
Oil & Gas Midstream | CO, Denmark | Market Cap: 25.720m DKK | 12M Return: 90.5% | GB00BZ3CNK81 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 104M
EPS Trend: -74.2%
Qual. Beats: 0
Rev. Trend: -34.2%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.4 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
TORM plc is a London-based shipping company founded in 1889 that owns and operates a global fleet of product tankers, with operations split between its core Tanker segment, which hauls refined products (gasoline, jet fuel, diesel, naphtha, gas oil) and dirty petroleum products (residual fuels, crude oil), and a smaller Marine Engineering segment focused on developing advanced and low-emission marine equipment.
As a pure-play product tanker operator classified under the GICS Oil & Gas Storage & Transportation sub-industry, TORMs earnings are closely tied to charter rates in the cyclical seaborne transportation of oil products, and its Marine Engineering activities align with the broader industry push for fleet decarbonization and compliance with IMO emissions standards.
- Product tanker rates surge on long-haul Russia trade rerouting
- Fleet expansion through new LR2 orders boosts capacity
- Record TCE earnings drive elevated dividends and buyback payouts
| Net Income: 618.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.77 > 1.0 |
| NWC/Revenue: 27.15% < 20% (prev 31.53%; Δ -4.37% < -1%) |
| CFO/TA 0.18 > 3% & CFO 694.5m > Net Income 618.1m |
| Net Debt (894.0m) to EBITDA (913.0m): 0.98 < 3 |
| Current Ratio: 2.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (104.2m) vs 12m ago 3.37% < -2% |
| Gross Margin: 45.27% > 18% (prev 53.19%; Δ -7.91% > 0.5%) |
| Asset Turnover: 48.34% > 50% (prev 38.91%; Δ 9.43% > 0%) |
| Interest Coverage Ratio: 9.05 > 6 (EBIT TTM 685.2m / Interest Expense TTM 75.7m) |
| A: 0.12 (Total Current Assets 846.5m - Total Current Liabilities 372.7m) / Total Assets 3.82b |
| B: 0.59 (Retained Earnings 2.26b / Total Assets 3.82b) |
| C: 0.19 (EBIT TTM 685.2m / Avg Total Assets 3.61b) |
| D: 2.00 (Book Value of Equity 2.55b / Total Liabilities 1.27b) |
| Altman-Z'' = 6.12 = AAA |
| DSRI: 1.32 (Receivables 350.5m/201.8m, Revenue 1.75b/1.32b) |
| GMI: 1.17 (GM 53.19% / 45.27%) |
| AQI: 1.35 (AQ_t 0.00 / AQ_t-1 0.00) |
| SGI: 1.32 (Revenue 1.75b / 1.32b) |
| TATA: -0.02 (NI 618.1m - CFO 694.5m) / TA 3.82b) |
| Beneish M = -2.17 (Cap -4..+1) = BB |
As of September 27, 2026, the stock is trading at DKK 227.00 with a total of 485,771 shares traded. Over the past week, the price has changed by -9.49%, over one month by +20.09%, over three months by +30.02% and over the past year by +90.54%.
Current recommended Stop Loss: 213.60 (which is 5.9% or 1.4 ATR below the current price).
TORM has no consensus analysts rating.
Market Cap USD = 3.92b (25.7b DKK * 0.1524 DKK.USD)
P/E Trailing = 6.3333
P/E Forward = 13.1752
P/S = 14.6139
P/B = 1.4873
P/EG = 2.8458
Revenue TTM = 1.75b USD
EBIT TTM = 685.2m USD
EBITDA TTM = 913.0m USD
Long Term Debt = 714.3m USD (from longTermDebt, last fiscal year)
Short Term Debt = 237.0m USD (from shortTermDebt, last quarter)
Debt = 1.26b USD (from shortLongTermDebtTotal, last quarter) + Leases 186.1m
Net Debt = 894.0m USD (calculated: Debt 1.26b - CCE 368.2m)
Enterprise Value = 4.81b USD (3.92b + Debt 1.26b - CCE 368.2m)
Interest Coverage Ratio = 9.05 (Ebit TTM 685.2m / Interest Expense TTM 75.7m)
EV/FCF = 25.73x (Enterprise Value 4.81b / FCF TTM 187.1m)
FCF Yield = 3.89% (FCF TTM 187.1m / Enterprise Value 4.81b)
FCF Margin = 10.72% (FCF TTM 187.1m / Revenue TTM 1.75b)
Net Margin = 35.42% (Net Income TTM 618.1m / Revenue TTM 1.75b)
Gross Margin = 45.27% ((Revenue TTM 1.75b - Cost of Revenue TTM 955.0m) / Revenue TTM)
Gross Margin QoQ = 57.29% (prev 39.85%)
Tobins Q-Ratio = 1.26 (Enterprise Value 4.81b / Total Assets 3.82b)
Interest Expense / Debt = 6.00% (Interest Expense 75.7m / Debt 1.26b)
Taxrate = 0.70% (4.37m / 622.4m)
NOPAT = 680.4m (EBIT 685.2m * (1 - 0.70%))
Current Ratio = 2.27 (Total Current Assets 846.5m / Total Current Liabilities 372.7m)
Debt / Equity = 0.49 (Debt 1.26b / totalStockholderEquity, last quarter 2.55b)
Debt / EBITDA = 0.98 (Net Debt 894.0m / EBITDA 913.0m)
Debt / FCF = 4.78 (Net Debt 894.0m / FCF TTM 187.1m)
Total Stockholder Equity = 2.29b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.12% (Net Income 618.1m / Total Assets 3.82b)
RoE = 26.98% (Net Income TTM 618.1m / Total Stockholder Equity 2.29b)
RoCE = 22.80% (EBIT 685.2m / Capital Employed (Equity 2.29b + L.T.Debt 714.3m))
RoIC = 18.90% (NOPAT 680.4m / Invested Capital 3.60b)
WACC = 5.96% (E(3.92b)/V(5.18b) * Re(5.96%) + D(1.26b)/V(5.18b) * Rd(6.00%) * (1-Tc(0.01)))
Discount Rate = 5.96% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.25 | Cagr: 5.39%
[DCF] Terminal Value 73.10% ; FCFF base≈202.8m ; Y1≈177.9m ; Y5≈143.7m
[DCF] Fair Price = 13.77 (EV 2.31b - Net Debt 894.0m = Equity 1.41b / Shares 102.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -74.18 | EPS CAGR: -30.03% | SUE: -0.26 | # QB: 0
Revenue Correlation: -34.17 | Revenue CAGR: -3.55% | SUE: 0.16 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.49 | Chg30d=+2.13% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=7.75 | Chg30d=+5.68% | Revisions=+17% | GrowthEPS=+183.0% | GrowthRev=+20.9%
EPS next Year (2027-12-31): EPS=4.06 | Chg30d=+17.62% | Revisions=-17% | GrowthEPS=-47.6% | GrowthRev=-25.6%
[Analyst] Revisions Ratio: +0% (up=4, down=4)