TORM plc
TORM plc Class A is the Class A common stock of TORM plc, a leading international shipping company specializing in the ownership and operation of product tankers. Founded in 1889 in Denmark and headquartered in Copenhagen with operations managed from London, the company transports refined oil products worldwide, including clean petroleum products such as gasoline, jet fuel, naphtha, diesel oil, and chemicals. TORM plc maintains a modern fleet of approximately 80 vessels, ranging from 45,000 to 114,000 deadweight tons (DWT), with a focus on LR2, LR1, and MR classes for optimal efficiency on global trade routes between refineries and distribution hubs. Its primary Tanker segment generates the majority of revenue, supported by a Marine Engineering segment, under the integrated 'One TORM' model emphasizing safety, environmental responsibility, and operational excellence. TORM plc plays a vital role in global energy logistics, serving energy, transportation, and commerce sectors while committing to sustainability goals like a 40% carbon intensity reduction by 2025 and net-zero emissions by 2050 through innovative fleet management and industry collaborations. With around 479 employees, it navigates the cyclical product tanker market, contributing to the flow of essential fuels amid geopolitical and regulatory dynamics.
DKK 263.00
+DKK 1.00 (+0.38%)
EOD Oct 22, 2026
25.18% operating margin is above average. ROIC at 10.04%.
Revenue declined 14.1% YoY. Margins deteriorated 13.8pp alongside, both lines moving the wrong way.
Free cash flow declined 22% versus the prior year, cash generation momentum has weakened. ROIC dropped from 20.16% to 10.04%, capital efficiency is deteriorating.
11.6x earnings, 47.9x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.41B
▼ -14.1% YoY
Net Income (TTM)
$346M
▼ -53.2% YoY
Op. Margin
28.45%
▼ -13.8pp YoY
ROIC
10.04%
▼ -10.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$85M
▼ -22.5% YoY
Op. Cash Flow (TTM)
$634M
▼ -37.5% YoY
Net Debt
$845M
Cash & Equiv.
$158M
3Y CAGR: -2.5%
3Y CAGR: -21.0%
Continue Research
Is TORM (TRMD) overvalued?
At a P/E of 11.6 and a price-to-free-cash-flow of 47.9, TORM (TRMD) trades above a two-stage DCF intrinsic value of about $6.10 per share, so at $263.00 the stock looks overvalued (97.7% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, TORM scores 21/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.3%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is TORM's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $6.10 per share for TRMD, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $4.57. At today's $263.00, that puts the stock about 97.7% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is TORM a high-quality business?+
TORM scores 21 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 28.4% operating margin and a 10.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does TORM (TRMD) pay a dividend, and how much?+
Yes, TORM pays a regular dividend of about $2.08 per share per year (typically in quarterly installments), a yield of roughly 5.3% at the current price. That is a payout ratio of about 62.1% of earnings, so the dividend is well covered. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For TRMD's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is TORM a good stock to buy right now?+
That depends on valuation and quality together, not either alone. TRMD currently trades above its estimated intrinsic value and scores 21/100 on quality (lower-quality). It also yields about 5.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Oil & Gas Midstream
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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