TORM plc Key Executives
This section highlights TORM plc's key executives, including their titles and compensation details.
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TORM plc Earnings
This section highlights TORM plc's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-06 | $0.81 | $0.75 |
| Read Transcript | Q3 | 2024 | 2024-11-07 | $1.22 | $1.35 |
| Read Transcript | Q2 | 2024 | 2024-08-15 | $2.02 | $2.02 |
TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. The company transports gasoline, jet fuel, and naphtha. As of March 23, 2022, it operated a fleet of approximately 85 vessels. The company was founded in 1889 and is headquartered in London, the United Kingdom.
$17.68
Stock Price
$1.73B
Market Cap
479
Employees
London, None
Location
Financial Statements
Access annual & quarterly financial statements for TORM plc, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $1.56B | $1.52B | $1.44B | $619.50M | $747.36M |
| Cost of Revenue | $610.50M | $646.28M | $598.49M | $371.80M | $349.85M |
| Gross Profit | $948.70M | $874.12M | $844.86M | $247.70M | $397.51M |
| Gross Profit Ratio | 60.85% | 57.50% | 58.53% | 40.00% | 53.19% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $95.60M | $82.93M | $55.01M | $51.50M | $50.77M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $95.60M | $82.93M | $55.01M | $51.50M | $50.77M |
| Other Expenses | $194.30M | $92.58M | $196.11M | $190.10M | $197.56M |
| Operating Expenses | $289.90M | $175.51M | $251.11M | $241.60M | $248.33M |
| Cost and Expenses | $900.40M | $821.79M | $849.60M | $613.40M | $598.18M |
| Interest Income | $24.50M | $14.20M | $4.00M | $200.00K | $500.00K |
| Interest Expense | $70.30M | $60.86M | $48.70M | $42.40M | $47.10M |
| Depreciation and Amortization | $192.00M | $149.31M | $141.22M | $125.83M | $131.06M |
| EBITDA | $871.80M | $857.40M | $737.37M | $132.49M | $258.55M |
| EBITDA Ratio | 55.91% | 56.39% | 51.09% | 22.13% | 36.07% |
| Operating Income | $658.80M | $698.60M | $601.42M | $6.20M | $138.91M |
| Operating Income Ratio | 42.25% | 45.95% | 41.67% | 1.00% | 18.59% |
| Total Other Income Expenses Net | $-49.30M | $-46.60M | $-44.76M | $-42.14M | $-49.38M |
| Income Before Tax | $609.50M | $652.00M | $556.66M | $-40.80M | $89.53M |
| Income Before Tax Ratio | 39.09% | 42.88% | 38.57% | -6.59% | 11.98% |
| Income Tax Expense | $-2.00M | $4.04M | $-5.91M | $1.30M | $1.42M |
| Net Income | $612.50M | $648.26M | $562.75M | $-42.10M | $88.11M |
| Net Income Ratio | 39.28% | 42.64% | 38.99% | -6.80% | 11.79% |
| EPS | $6.54 | $7.75 | $7.03 | $-0.54 | $1.27 |
| EPS Diluted | $6.36 | $7.48 | $6.90 | $-0.54 | $1.27 |
| Weighted Average Shares Outstanding | 93.60M | 83.60M | 81.30M | 78.10M | 74.30M |
| Weighted Average Shares Outstanding Diluted | 96.30M | 86.70M | 82.80M | 78.10M | 74.30M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $305.40M | $372.10M | $437.70M | $440.23M | $398.08M | $358.10M | $384.30M | $390.20M | $447.35M | $448.10M | $338.50M | $209.40M | $189.10M | $155.50M | $150.80M | $124.10M | $105.16M | $163.70M | $232.20M | $246.30M |
| Cost of Revenue | $142.60M | $155.40M | $173.10M | $210.15M | $220.39M | $151.60M | $74.10M | $157.10M | $149.69M | $164.20M | $163.40M | $121.20M | $117.10M | $98.00M | $78.80M | $77.90M | $58.65M | $83.30M | $88.40M | $119.50M |
| Gross Profit | $162.80M | $216.70M | $264.60M | $230.08M | $177.69M | $206.50M | $310.20M | $233.10M | $297.66M | $283.90M | $175.10M | $88.20M | $72.00M | $57.50M | $72.00M | $46.20M | $46.51M | $80.40M | $143.80M | $126.80M |
| Gross Profit Ratio | 53.31% | 58.20% | 60.50% | 52.30% | 44.60% | 57.70% | 80.70% | 59.70% | 66.50% | 63.40% | 51.70% | 42.10% | 38.10% | 37.00% | 47.70% | 37.20% | 44.23% | 49.11% | 61.93% | 51.48% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $23.00M | $22.60M | $23.80M | $26.20M | $24.43M | $19.00M | $21.90M | $17.60M | $15.71M | $13.40M | $12.50M | $13.40M | $12.40M | $12.30M | $13.20M | $13.60M | $13.07M | $11.70M | $12.20M | $13.80M |
| Selling and Marketing Expenses | $- | $- | $- | $-228.42K | $647.90K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $23.00M | $22.60M | $23.80M | $25.97M | $25.08M | $19.00M | $21.90M | $17.60M | $15.71M | $13.40M | $12.50M | $13.40M | $12.40M | $12.30M | $13.20M | $13.60M | $13.07M | $11.70M | $12.20M | $13.80M |
| Other Expenses | $50.30M | $51.80M | $36.50M | $- | $- | $- | $- | $52.00M | $50.51M | $51.60M | $44.40M | $49.60M | $51.46M | $48.80M | $45.50M | $44.30M | $55.86M | $55.50M | $43.30M | $42.90M |
| Operating Expenses | $73.30M | $74.40M | $60.30M | $25.97M | $25.08M | $73.50M | $113.90M | $69.60M | $66.21M | $65.00M | $56.90M | $63.00M | $63.90M | $61.10M | $58.70M | $57.90M | $68.93M | $67.20M | $55.50M | $56.70M |
| Cost and Expenses | $215.90M | $229.80M | $233.40M | $236.12M | $245.47M | $225.10M | $188.00M | $226.70M | $215.90M | $229.20M | $220.30M | $184.20M | $181.00M | $159.10M | $137.50M | $135.80M | $127.58M | $150.50M | $143.90M | $176.20M |
| Interest Income | $3.60M | $6.90M | $7.65M | $6.40M | $3.55M | $4.20M | $2.60M | $4.10M | $2.50M | $1.20M | $300.00K | $- | $500.00K | $500.00K | $- | $300.00K | $- | $100.00K | $300.00K | $900.00K |
| Interest Expense | $14.80M | $18.40M | $18.90M | $18.30M | $14.33M | $16.50M | $18.00M | $12.50M | $12.30M | $12.50M | $12.00M | $11.90M | $12.30M | $10.90M | $10.00M | $9.80M | $8.20M | $11.50M | $14.00M | $14.20M |
| Depreciation and Amortization | $52.70M | $49.40M | $46.80M | $42.72M | $40.05M | $37.01M | $37.00M | $35.25M | $37.17M | $32.82M | $33.88M | $34.73M | $34.61M | $33.50M | $30.99M | $29.76M | $30.42M | $29.50M | $30.60M | $31.40M |
| EBITDA | $142.30M | $198.60M | $256.98M | $269.83M | $244.08M | $171.20M | $239.42M | $198.50M | $269.49M | $252.70M | $152.90M | $60.40M | $38.89M | $30.50M | $43.90M | $18.64M | $1.85M | $42.70M | $118.90M | $101.50M |
| EBITDA Ratio | 46.59% | 53.37% | 58.71% | 56.07% | 48.40% | 48.98% | 61.41% | 51.92% | 60.33% | 56.73% | 45.17% | 28.84% | 4.28% | 19.87% | 29.64% | 15.47% | 5.88% | 26.08% | 51.29% | 41.58% |
| Operating Income | $89.50M | $142.30M | $204.30M | $204.10M | $152.61M | $140.00M | $199.80M | $163.50M | $231.52M | $228.60M | $118.70M | $22.60M | $4.30M | $-3.70M | $12.40M | $-11.60M | $-28.69M | $12.40M | $85.10M | $70.10M |
| Operating Income Ratio | 29.31% | 38.24% | 46.68% | 46.36% | 38.34% | 39.10% | 51.99% | 41.90% | 51.75% | 51.02% | 35.07% | 10.79% | 2.27% | -2.38% | 8.22% | -9.35% | -27.29% | 7.57% | 36.65% | 28.46% |
| Total Other Income Expenses Net | $-14.70M | $-11.50M | $-11.20M | $-13.74M | $-10.50M | $-12.30M | $-15.40M | $-8.40M | $-9.86M | $-11.30M | $-11.70M | $-11.90M | $-12.24M | $-10.40M | $-10.00M | $-9.50M | $-10.98M | $-11.40M | $-13.70M | $-13.30M |
| Income Before Tax | $74.80M | $130.80M | $193.10M | $208.96M | $189.70M | $127.70M | $184.40M | $155.10M | $221.66M | $217.30M | $107.00M | $10.70M | $-8.00M | $-14.10M | $2.40M | $-21.10M | $-39.67M | $1.00M | $71.40M | $56.80M |
| Income Before Tax Ratio | 24.49% | 35.15% | 44.12% | 47.47% | 47.65% | 35.66% | 47.98% | 39.75% | 49.55% | 48.49% | 31.61% | 5.11% | -4.23% | -9.07% | 1.59% | -17.00% | -37.73% | 0.61% | 30.75% | 23.06% |
| Income Tax Expense | $-2.60M | $100.00K | $-1.10M | $1.59M | $241.23K | $3.40M | $-1.00M | $1.50M | $-6.81M | $200.00K | $400.00K | $300.00K | $200.00K | $600.00K | $300.00K | $200.00K | $315.00K | $400.00K | $300.00K | $400.00K |
| Net Income | $77.70M | $130.50M | $194.50M | $209.20M | $184.56M | $124.30M | $185.40M | $153.60M | $228.65M | $217.10M | $106.60M | $10.40M | $-8.20M | $-14.70M | $2.10M | $-21.30M | $-39.99M | $600.00K | $71.10M | $56.40M |
| Net Income Ratio | 25.44% | 35.07% | 44.44% | 47.52% | 46.36% | 34.71% | 48.24% | 39.36% | 51.11% | 48.45% | 31.49% | 4.97% | -4.34% | -9.45% | 1.39% | -17.16% | -38.03% | 0.37% | 30.62% | 22.90% |
| EPS | $0.83 | $1.38 | $2.07 | $2.31 | $2.21 | $1.43 | $2.23 | $1.89 | $2.92 | $2.66 | $1.31 | $0.13 | $-0.10 | $-0.18 | $0.03 | $-0.29 | $-0.54 | $0.01 | $0.96 | $0.76 |
| EPS Diluted | $0.80 | $1.35 | $2.01 | $2.24 | $2.17 | $1.38 | $2.14 | $1.81 | $2.85 | $2.63 | $1.31 | $0.13 | $-0.10 | $-0.18 | $0.03 | $-0.29 | $-0.54 | $0.01 | $0.96 | $0.75 |
| Weighted Average Shares Outstanding | 94.00M | 94.40M | 93.70M | 89.80M | 85.73M | 84.40M | 83.50M | 81.90M | 81.82M | 81.50M | 81.20M | 80.80M | 78.34M | 80.30M | 76.80M | 74.40M | 74.00M | 74.30M | 74.30M | 75.20M |
| Weighted Average Shares Outstanding Diluted | 96.65M | 97.00M | 96.40M | 92.60M | 87.46M | 87.50M | 86.70M | 85.33M | 83.86M | 82.55M | 81.20M | 80.80M | 80.70M | 80.30M | 76.80M | 74.40M | 74.40M | 74.30M | 74.30M | 75.20M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $271.90M | $265.50M | $320.50M | $171.70M | $89.50M |
| Short Term Investments | $- | $43.00K | $- | $- | $- |
| Cash and Short Term Investments | $271.90M | $265.50M | $320.50M | $171.70M | $89.50M |
| Net Receivables | $209.10M | $219.00M | $259.48M | $83.97M | $58.57M |
| Inventory | $68.40M | $61.68M | $72.03M | $48.80M | $22.46M |
| Other Current Assets | $65.90M | $144.27M | $87.74M | $85.69M | $73.11M |
| Total Current Assets | $615.30M | $691.29M | $739.71M | $363.30M | $243.66M |
| Property Plant Equipment Net | $2.84B | $2.17B | $1.87B | $1.96B | $1.75B |
| Goodwill | $1.70M | $1.79M | $1.83M | $- | $- |
| Intangible Assets | $2.00M | $1.85M | $1.94M | $- | $- |
| Goodwill and Intangible Assets | $3.70M | $3.65M | $3.78M | $4.56M | $4.62M |
| Long Term Investments | $300.00K | $100.00K | $273.00K | $1.50M | $1.59M |
| Tax Assets | $3.10M | $432.00K | $555.00K | $700.00K | $344.00K |
| Other Non-Current Assets | $4.50M | $6.91M | $4.56M | $42.00K | $34.00K |
| Total Non-Current Assets | $2.85B | $2.18B | $1.87B | $1.97B | $1.75B |
| Other Assets | $- | $-43.00K | $- | $- | $- |
| Total Assets | $3.47B | $2.87B | $2.61B | $2.33B | $2.00B |
| Account Payables | $50.00M | $43.05M | $48.50M | $35.33M | $14.35M |
| Short Term Debt | $165.30M | $172.66M | $117.11M | $209.00M | $102.86M |
| Tax Payables | $700.00K | $649.29K | $1.95M | $900.00K | $1.42M |
| Deferred Revenue | $7.50M | $- | $885.00K | $19.20M | $53.92M |
| Other Current Liabilities | $61.90M | $49.03M | $38.83M | $61.97M | $78.08M |
| Total Current Liabilities | $285.40M | $265.40M | $206.39M | $307.20M | $196.71M |
| Long Term Debt | $1.06B | $886.89M | $852.32M | $930.10M | $739.54M |
| Deferred Revenue Non-Current | $- | $4.47K | $- | $-45.16M | $-44.92M |
| Deferred Tax Liabilities Non-Current | $300.00K | $3.58M | $6.08M | $45.16M | $44.92M |
| Other Non-Current Liabilities | $48.10M | $48.19M | $51.80M | $41.50M | $44.92M |
| Total Non-Current Liabilities | $1.11B | $938.67M | $904.11M | $971.60M | $784.47M |
| Other Liabilities | $- | $96.00K | $- | $- | $- |
| Total Liabilities | $1.39B | $1.20B | $1.11B | $1.28B | $981.17M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $1.00M | $900.00K | $823.00K | $800.00K | $748.00K |
| Retained Earnings | $1.47B | $1.38B | $1.30B | $899.20M | $939.25M |
| Accumulated Other Comprehensive Income Loss | $334.70M | $25.20M | $39.43M | $-3.40M | $-20.34M |
| Other Total Stockholders Equity | $266.80M | $255.66M | $163.30M | $155.32M | $97.81M |
| Total Stockholders Equity | $2.07B | $1.66B | $1.50B | $1.05B | $1.02B |
| Total Equity | $2.07B | $1.67B | $1.50B | $1.05B | $1.02B |
| Total Liabilities and Stockholders Equity | $3.47B | $2.87B | $2.61B | $2.33B | $2.00B |
| Minority Interest | $800.00K | $2.00M | $2.35M | $- | $- |
| Total Liabilities and Total Equity | $3.47B | $2.87B | $2.61B | $2.33B | $2.00B |
| Total Investments | $300.00K | $100.00K | $273.00K | $1.50M | $1.59M |
| Total Debt | $1.23B | $1.06B | $966.92M | $1.14B | $842.40M |
| Net Debt | $954.40M | $794.06M | $646.42M | $963.70M | $752.90M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $271.90M | $398.30M | $532.40M | $557.70M | $295.31M | $270.70M | $269.00M | $410.70M | $320.50M | $238.50M | $157.70M | $74.90M | $171.70M | $104.20M | $111.30M | $116.50M | $89.50M | $156.50M | $181.30M | $129.30M |
| Short Term Investments | $- | $- | $4.49M | $37.50M | $- | $- | $49.20M | $42.60M | $- | $- | $- | $- | $-26.90M | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $271.90M | $398.30M | $532.40M | $557.70M | $295.31M | $270.70M | $269.00M | $410.70M | $320.50M | $238.50M | $157.70M | $74.90M | $171.70M | $104.20M | $111.30M | $116.50M | $89.50M | $156.50M | $181.30M | $129.30M |
| Net Receivables | $209.10M | $220.10M | $289.50M | $321.01M | $211.01M | $203.70M | $226.30M | $290.90M | $259.48M | $326.40M | $171.90M | $100.40M | $83.97M | $69.00M | $102.30M | $85.90M | $58.57M | $91.60M | $98.80M | $103.40M |
| Inventory | $68.40M | $64.30M | $69.40M | $70.16M | $61.68M | $70.60M | $66.90M | $70.90M | $72.03M | $72.40M | $78.30M | $58.60M | $48.80M | $43.70M | $39.40M | $30.00M | $22.46M | $23.10M | $24.50M | $38.20M |
| Other Current Assets | $65.90M | $11.90M | $24.60M | $10.79M | $152.99M | $160.50M | $106.70M | $26.30M | $87.74M | $13.90M | $180.30M | $122.00M | $85.69M | $46.40M | $3.20M | $3.00M | $73.11M | $12.80M | $40.20M | $5.30M |
| Total Current Assets | $615.30M | $694.60M | $915.90M | $958.54M | $690.54M | $675.10M | $688.20M | $798.80M | $739.71M | $651.20M | $563.80M | $355.90M | $363.30M | $263.30M | $256.20M | $235.40M | $243.66M | $284.00M | $344.80M | $276.20M |
| Property Plant Equipment Net | $2.84B | $2.71B | $2.54B | $2.53B | $2.17B | $2.12B | $2.16B | $2.06B | $1.87B | $1.89B | $1.85B | $1.95B | $1.96B | $1.97B | $1.92B | $1.76B | $1.75B | $1.76B | $1.78B | $1.82B |
| Goodwill | $1.70M | $1.80M | $1.80M | $1.79M | $1.79M | $1.70M | $1.80M | $1.80M | $1.83M | $1.90M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $2.00M | $2.20M | $2.20M | $1.90M | $1.90M | $1.70M | $1.80M | $1.80M | $1.94M | $500.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $3.70M | $4.00M | $4.00M | $3.70M | $3.70M | $3.40M | $3.60M | $3.60M | $3.78M | $2.40M | $- | $- | $4.56M | $- | $- | $- | $4.62M | $- | $- | $- |
| Long Term Investments | $300.00K | $700.00K | $600.00K | $5.18M | $4.59M | $100.00K | $4.59M | $1.60M | $273.00K | $300.00K | $1.70M | $1.60M | $1.50M | $1.60M | $1.60M | $1.60M | $1.59M | $1.50M | $1.40M | $1.10M |
| Tax Assets | $3.10M | $2.00M | $- | $298.98K | $431.53K | $400.00K | $300.00K | $500.00K | $555.00K | $600.00K | $600.00K | $600.00K | $700.00K | $600.00K | $700.00K | $600.00K | $344.00K | $- | $- | $- |
| Other Non-Current Assets | $4.50M | $4.50M | $4.80M | $-12.55K | $-56.97K | $4.60M | $13.29K | $4.60M | $4.56M | $4.60M | $4.60M | $4.60M | $42.00K | $4.60M | $4.60M | $4.60M | $34.00K | $4.60M | $4.60M | $4.60M |
| Total Non-Current Assets | $2.85B | $2.72B | $2.55B | $2.54B | $2.18B | $2.13B | $2.17B | $2.07B | $1.87B | $1.89B | $1.86B | $1.96B | $1.97B | $1.97B | $1.93B | $1.76B | $1.75B | $1.76B | $1.79B | $1.83B |
| Other Assets | $- | $- | $- | $1 | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $3.47B | $3.41B | $3.47B | $3.50B | $2.87B | $2.81B | $2.86B | $2.86B | $2.61B | $2.55B | $2.42B | $2.32B | $2.33B | $2.24B | $2.19B | $2.00B | $2.00B | $2.05B | $2.14B | $2.10B |
| Account Payables | $50.00M | $41.10M | $47.40M | $41.70M | $43.05M | $45.60M | $38.50M | $46.00M | $48.50M | $40.80M | $50.10M | $35.60M | $35.33M | $29.90M | $29.90M | $18.70M | $14.35M | $17.00M | $10.60M | $29.30M |
| Short Term Debt | $165.30M | $168.70M | $175.00M | $182.90M | $172.66M | $194.20M | $297.50M | $136.50M | $117.11M | $115.20M | $133.60M | $131.60M | $209.00M | $177.60M | $170.10M | $109.60M | $104.96M | $109.90M | $118.20M | $108.10M |
| Tax Payables | $700.00K | $1.80M | $1.50M | $1.10M | $649.29K | $1.60M | $1.30M | $1.00M | $1.95M | $1.50M | $1.10M | $900.00K | $900.00K | $1.80M | $1.30M | $1.10M | $1.42M | $1.70M | $1.50M | $1.20M |
| Deferred Revenue | $7.50M | $9.70M | $6.10M | $1.49M | $3.36M | $1.90M | $800.00K | $200.00K | $885.00K | $3.80M | $- | $- | $19.20M | $20.10M | $19.60M | $19.40M | $53.92M | $1.70M | $1.50M | $1.20M |
| Other Current Liabilities | $61.90M | $59.50M | $57.70M | $39.40M | $45.47M | $48.10M | $48.10M | $57.90M | $38.83M | $55.60M | $65.70M | $53.40M | $61.97M | $47.90M | $49.90M | $58.20M | $75.98M | $67.70M | $61.70M | $59.00M |
| Total Current Liabilities | $285.40M | $280.80M | $287.70M | $264.20M | $265.21M | $289.50M | $385.40M | $241.40M | $206.39M | $213.10M | $250.50M | $221.50M | $307.20M | $277.30M | $270.80M | $207.00M | $196.71M | $198.00M | $193.50M | $198.80M |
| Long Term Debt | $1.06B | $1.04B | $1.08B | $1.12B | $885.93M | $893.80M | $856.20M | $913.60M | $852.32M | $880.30M | $910.70M | $954.60M | $930.10M | $862.80M | $955.20M | $819.50M | $739.54M | $752.80M | $786.30M | $812.20M |
| Deferred Revenue Non-Current | $- | $- | $-3.26M | $5.68M | $4.10M | $45.20M | $45.20M | $- | $- | $- | $-45.17M | $-44.95M | $-45.16M | $-45.16M | $-45.20M | $-45.20M | $- | $-44.90M | $-44.90M | $-44.90M |
| Deferred Tax Liabilities Non-Current | $300.00K | $300.00K | $2.40M | $4.68M | $3.58M | $7.50M | $4.60M | $4.40M | $6.08M | $100.00K | $45.17M | $44.95M | $45.16M | $45.16M | $45.20M | $45.20M | $- | $44.90M | $44.90M | $44.90M |
| Other Non-Current Liabilities | $48.10M | $48.10M | $45.44M | $48.93M | $45.07M | $3.00M | $2.90M | $52.50M | $51.80M | $48.30M | $45.20M | $45.20M | $41.50M | $45.20M | $-131.50M | $-30.80M | $44.92M | $- | $- | $- |
| Total Non-Current Liabilities | $1.11B | $1.09B | $1.13B | $1.17B | $937.65M | $949.50M | $908.90M | $966.10M | $904.11M | $928.60M | $955.90M | $999.80M | $971.60M | $908.00M | $868.90M | $788.70M | $784.47M | $797.70M | $831.20M | $857.10M |
| Other Liabilities | $- | $- | $3.28M | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.39B | $1.37B | $1.42B | $1.44B | $1.20B | $1.24B | $1.29B | $1.21B | $1.11B | $1.14B | $1.21B | $1.22B | $1.28B | $1.19B | $1.14B | $995.70M | $981.17M | $995.70M | $1.02B | $1.06B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $277.00K | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.00M | $1.00M | $997.11K | $996.61K | $861.06K | $800.00K | $800.00K | $800.00K | $823.00K | $800.00K | $800.00K | $800.00K | $800.00K | $800.00K | $800.00K | $700.00K | $748.00K | $700.00K | $700.00K | $700.00K |
| Retained Earnings | $1.47B | $1.50B | $1.53B | $1.60B | $1.38B | $1.31B | $1.31B | $1.45B | $1.30B | $1.19B | $1.02B | $910.50M | $899.20M | $906.80M | $921.00M | $918.60M | $939.25M | $978.80M | $1.04B | $976.90M |
| Accumulated Other Comprehensive Income Loss | $334.70M | $335.30M | $343.21M | $26.11M | $25.11M | $35.00M | $36.30M | $31.10M | $39.43M | $50.40M | $35.60M | $26.50M | $-3.40M | $-12.30M | $-13.60M | $-14.30M | $-20.34M | $-25.60M | $-28.80M | $-29.30M |
| Other Total Stockholders Equity | $266.80M | $202.40M | $162.43M | $435.50M | $255.76M | $217.80M | $217.90M | $168.90M | $163.30M | $162.20M | $161.00M | $156.70M | $155.32M | $154.70M | $139.40M | $98.60M | $97.81M | $97.70M | $97.70M | $97.20M |
| Total Stockholders Equity | $2.07B | $2.04B | $2.04B | $2.06B | $1.66B | $1.57B | $1.56B | $1.65B | $1.50B | $1.40B | $1.21B | $1.09B | $1.05B | $1.05B | $1.05B | $1.00B | $1.02B | $1.05B | $1.11B | $1.05B |
| Total Equity | $2.07B | $2.04B | $2.04B | $2.06B | $1.66B | $1.57B | $1.57B | $1.66B | $1.50B | $1.40B | $1.21B | $1.09B | $1.05B | $1.05B | $1.05B | $1.00B | $1.02B | $1.05B | $1.11B | $1.05B |
| Total Liabilities and Stockholders Equity | $3.47B | $3.41B | $3.47B | $3.50B | $2.87B | $2.81B | $2.86B | $2.86B | $2.61B | $2.55B | $2.42B | $2.32B | $2.33B | $2.24B | $2.19B | $2.00B | $2.00B | $2.05B | $2.14B | $2.10B |
| Minority Interest | $800.00K | $1.40M | $997.11K | $1.40M | $2.00M | $1.90M | $1.90M | $2.40M | $2.35M | $2.40M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $3.47B | $3.41B | $3.47B | $3.50B | $2.87B | $2.81B | $2.86B | $2.86B | $2.61B | $2.55B | $2.42B | $2.32B | $2.33B | $2.24B | $2.19B | $2.00B | $2.00B | $2.05B | $2.14B | $2.10B |
| Total Investments | $300.00K | $700.00K | $5.09M | $5.18M | $4.59M | $100.00K | $4.59M | $1.60M | $273.00K | $300.00K | $1.70M | $1.60M | $1.47M | $1.60M | $1.60M | $1.60M | $1.59M | $1.50M | $1.40M | $1.10M |
| Total Debt | $1.23B | $1.21B | $1.26B | $1.30B | $1.06B | $1.09B | $1.15B | $1.05B | $966.92M | $995.50M | $1.04B | $1.09B | $1.14B | $1.04B | $993.80M | $853.10M | $842.40M | $862.70M | $904.50M | $920.30M |
| Net Debt | $954.40M | $814.00M | $725.60M | $743.67M | $763.10M | $817.30M | $884.70M | $639.40M | $646.42M | $757.00M | $886.60M | $1.01B | $963.70M | $936.20M | $882.50M | $736.60M | $752.90M | $706.20M | $723.20M | $791.00M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $611.50M | $648.00M | $562.57M | $-42.10M | $88.11M |
| Depreciation and Amortization | $192.00M | $152.32M | $139.02M | $130.90M | $121.92M |
| Deferred Income Tax | $-2.00M | $4.00M | $-5.91M | $1.30M | $1.42M |
| Stock Based Compensation | $30.20M | $22.50M | $2.20M | $2.30M | $1.70M |
| Change in Working Capital | $47.80M | $47.82M | $-180.91M | $-48.50M | $15.91M |
| Accounts Receivables | $41.70M | $45.20M | $-158.10M | $-44.01M | $13.80M |
| Inventory | $-10.20M | $1.22M | $-21.82M | $-26.90M | $12.40M |
| Accounts Payables | $7.90M | $3.20M | $182.77M | $4.90M | $-20.30M |
| Other Working Capital | $8.40M | $-1.81M | $-183.77M | $17.51M | $10.01M |
| Other Non Cash Items | $-52.70M | $-69.64M | $-15.76M | $4.00M | $6.74M |
| Net Cash Provided by Operating Activities | $826.80M | $805.00M | $501.91M | $47.90M | $235.80M |
| Investments in Property Plant and Equipment | $-582.40M | $-509.63M | $-119.96M | $-319.80M | $-173.05M |
| Acquisitions Net | $- | $- | $1.07M | $9.65M | $89.93M |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $140.30M | $158.86M | $130.16M | $19.55M | $-36.68M |
| Net Cash Used for Investing Activities | $-442.10M | $-350.77M | $11.27M | $-290.60M | $-119.80M |
| Debt Repayment | $163.10M | $90.97M | $-178.90M | $295.40M | $-12.13M |
| Common Stock Issued | $- | $6.14M | $8.11M | $2.48M | $- |
| Common Stock Repurchased | $- | $- | $-8.11M | $- | $-1.35M |
| Dividends Paid | $-553.30M | $-586.40M | $-169.29M | $- | $-75.90M |
| Other Financing Activities | $11.90M | $-111.41K | $7.98M | $2.58M | $756.00K |
| Net Cash Used Provided by Financing Activities | $-378.30M | $-489.40M | $-337.57M | $297.98M | $-83.33M |
| Effect of Forex Changes on Cash | $- | $283.06K | $- | $26.90M | $- |
| Net Change in Cash | $25.70M | $-28.46M | $175.61M | $82.20M | $32.67M |
| Cash at End of Period | $291.20M | $295.31M | $320.46M | $171.70M | $89.51M |
| Cash at Beginning of Period | $265.50M | $323.77M | $144.84M | $89.50M | $56.85M |
| Operating Cash Flow | $826.80M | $805.05M | $501.91M | $47.90M | $235.80M |
| Capital Expenditure | $-583.50M | $-510.30M | $-119.96M | $-319.80M | $-173.05M |
| Free Cash Flow | $243.30M | $294.86M | $381.95M | $-271.90M | $62.75M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $77.40M | $130.70M | $194.20M | $207.87M | $189.46M | $124.30M | $185.50M | $153.60M | $228.47M | $217.10M | $106.60M | $10.40M | $-8.20M | $-14.70M | $2.10M | $-21.30M | $-39.99M | $600.00K | $71.10M | $56.40M |
| Depreciation and Amortization | $52.70M | $49.40M | $46.80M | $42.72M | $40.05M | $38.20M | $37.10M | $35.00M | $35.52M | $33.80M | $34.50M | $35.20M | $34.80M | $34.10M | $31.50M | $30.50M | $30.42M | $29.50M | $30.60M | $31.40M |
| Deferred Income Tax | $-2.60M | $100.00K | $-1.10M | $1.60M | $2.25M | $3.40M | $-1.10M | $1.50M | $-6.81M | $200.00K | $400.00K | $300.00K | $200.00K | $600.00K | $300.00K | $200.00K | $315.00K | $400.00K | $300.00K | $400.00K |
| Stock Based Compensation | $- | $- | $- | $- | $23.00M | $- | $- | $- | $2.90M | $- | $- | $- | $2.30M | $- | $- | $- | $1.70M | $- | $- | $- |
| Change in Working Capital | $2.30M | $66.30M | $40.70M | $-60.96M | $2.25M | $30.20M | $6.70M | $8.30M | $-4.92M | $-72.20M | $-73.40M | $-30.40M | $-19.20M | $-9.00M | $-14.10M | $-6.20M | $22.31M | $21.50M | $5.90M | $-33.80M |
| Accounts Receivables | $- | $- | $- | $- | $45.20M | $- | $- | $- | $-158.10M | $- | $- | $- | $-37.50M | $- | $- | $- | $12.50M | $- | $- | $- |
| Inventory | $- | $- | $40.70M | $-61.50M | $-44.00M | $30.20M | $6.70M | $8.30M | $154.19M | $-72.20M | $-73.40M | $-30.40M | $2.41M | $-9.00M | $-14.10M | $-6.20M | $18.80M | $21.50M | $5.90M | $-33.80M |
| Accounts Payables | $- | $- | $- | $- | $-1.20M | $- | $- | $- | $5.20M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $2.30M | $66.30M | $- | $-60.96M | $2.25M | $29.91M | $6.82M | $8.36M | $-6.20M | $-67.14M | $-70.32M | $-29.99M | $41.85M | $-9.09M | $-14.00M | $-6.05M | $11.31M | $- | $- | $- |
| Other Non Cash Items | $-9.10M | $-8.80M | $1.20M | $80.79M | $40.02M | $27.30M | $-15.30M | $16.30M | $-7.56M | $-13.60M | $3.00M | $14.30M | $5.10M | $1.00M | $-6.40M | $6.60M | $7.14M | $500.00K | $5.40M | $-4.60M |
| Net Cash Provided by Operating Activities | $120.70M | $237.70M | $281.80M | $184.97M | $193.95M | $202.80M | $192.60M | $214.70M | $247.61M | $165.30M | $71.10M | $17.90M | $12.70M | $12.00M | $13.40M | $9.80M | $20.20M | $52.50M | $113.30M | $49.80M |
| Investments in Property Plant and Equipment | $-146.20M | $-173.90M | $-20.80M | $-239.59M | $-152.84M | $-23.90M | $-118.70M | $-215.10M | $-13.26M | $-47.10M | $-12.70M | $-46.90M | $-47.50M | $-61.80M | $-169.50M | $-41.00M | $-37.75M | $-18.90M | $-47.80M | $-68.60M |
| Acquisitions Net | $- | $- | $- | $65.72M | $134.97M | $18.16M | $16.24M | $- | $70.00K | $1.00M | $40.77M | $- | $154.26K | $132.27K | $9.91M | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $4.00M | $24.00M | $31.70M | $14.50M | $1 | $-357.59K | $-343.51K | $-26.50M | $11.37M | $73.40M | $-2.57M | $7.20M | $-21.20M | $1.50M | $39.80M | $9.10M | $-12.05M | $46.30M | $9.80M | $9.20M |
| Net Cash Used for Investing Activities | $-142.20M | $-149.90M | $10.90M | $-173.87M | $-17.87M | $-6.10M | $-102.80M | $-241.60M | $-1.83M | $27.30M | $25.50M | $-39.70M | $-68.70M | $-60.30M | $-129.70M | $-31.90M | $-49.80M | $27.40M | $-38.00M | $-59.40M |
| Debt Repayment | $15.70M | $-53.40M | $-47.50M | $248.30M | $-28.19M | $-67.09M | $106.33M | $81.70M | $-31.30M | $-55.90M | $-42.30M | $-49.40M | $95.70M | $47.30M | $141.00M | $11.40M | $-21.83M | $-43.98M | $-16.40M | $67.60M |
| Common Stock Issued | $- | $- | $5.57M | $4.46M | $-36.36K | $-165.59K | $618.67K | $5.64M | $1.33M | $1.27M | $3.92M | $1.28M | $876.43K | $989.74K | $-94.31K | $780.60K | $- | $- | $500.00K | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $-13.00K | $- | $- | $- | $-1.33M | $-1.27M | $- | $- | $- | $- | $- | $- | $-48.00K | $- | $22.20M | $-1.30M |
| Dividends Paid | $-115.60M | $-170.00M | $-267.70M | $- | $-121.81M | $-126.78M | $-341.72M | $- | $-119.28M | $-42.84M | $- | $- | $- | $- | $- | $- | $-11.00K | $-63.20M | $-7.40M | $- |
| Other Financing Activities | $200.00K | $1.60M | $5.60M | $4.50M | $1.78M | $-1.91M | $-1.33M | $5.60M | $1.28M | $1.30M | $4.10M | $1.30M | $878.00K | $1.00M | $-100.00K | $800.00K | $13.36M | $2.48M | $500.00K | $100.00K |
| Net Cash Used Provided by Financing Activities | $-99.70M | $-221.80M | $-309.60M | $250.60M | $-149.59M | $-195.60M | $-231.50M | $87.30M | $-149.38M | $-101.90M | $-38.20M | $-48.10M | $96.58M | $48.30M | $140.90M | $12.20M | $-8.53M | $-113.30M | $-24.10M | $62.60M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-325.20K | $600.00K | $- | $29.80M | $-14.46M | $-9.90M | $4.70M | $19.70M | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-107.10M | $-134.10M | $-11.60M | $262.40M | $25.71M | $1.70M | $-141.70M | $90.20M | $81.96M | $80.80M | $63.10M | $-50.20M | $61.80M | $-1.40M | $-5.20M | $27.00M | $-20.94M | $-24.80M | $52.00M | $72.40M |
| Cash at End of Period | $291.20M | $398.30M | $532.40M | $557.70M | $295.31M | $270.70M | $269.00M | $410.70M | $320.46M | $238.50M | $157.70M | $94.60M | $171.70M | $109.90M | $111.30M | $116.50M | $135.56M | $156.50M | $181.30M | $129.30M |
| Cash at Beginning of Period | $398.30M | $532.40M | $544.00M | $295.31M | $269.59M | $269.00M | $410.70M | $320.50M | $238.50M | $157.70M | $94.60M | $144.80M | $109.90M | $111.30M | $116.50M | $89.50M | $156.50M | $181.30M | $129.30M | $56.90M |
| Operating Cash Flow | $120.70M | $237.70M | $281.80M | $184.97M | $193.95M | $202.80M | $192.60M | $214.70M | $247.61M | $165.30M | $71.10M | $17.90M | $12.70M | $12.00M | $13.40M | $9.80M | $20.20M | $52.50M | $113.30M | $49.80M |
| Capital Expenditure | $-146.40M | $-173.90M | $-21.50M | $-239.59M | $-152.84M | $-23.90M | $-118.70M | $-215.10M | $-13.26M | $-47.10M | $-12.70M | $-46.90M | $-47.50M | $-61.80M | $-169.50M | $-41.00M | $-37.75M | $-18.90M | $-47.80M | $-68.60M |
| Free Cash Flow | $-25.70M | $63.80M | $260.30M | $-54.62M | $41.11M | $178.90M | $73.90M | $-400.00K | $234.35M | $118.20M | $58.40M | $-29.00M | $-34.80M | $-49.80M | $-156.10M | $-31.20M | $-17.55M | $33.60M | $65.50M | $-18.80M |
TORM plc Dividends
Explore TORM plc's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
30.86%
Dividend Payout Ratio
90.33%
Dividend Paid & Capex Coverage Ratio
0.73x
TORM plc Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.6 | $0.6 | March 19, 2025 | March 20, 2025 | April 02, 2025 | March 06, 2025 |
| $1.20251 | $1.20251 | November 20, 2024 | November 21, 2024 | December 04, 2024 | November 07, 2024 |
| $1.79604 | $1.79604 | August 28, 2024 | August 29, 2024 | September 11, 2024 | August 15, 2024 |
| $1.49542 | $1.49542 | May 21, 2024 | May 22, 2024 | June 04, 2024 | May 08, 2024 |
| $1.35573 | $1.35573 | April 15, 2024 | April 16, 2024 | April 24, 2024 | March 07, 2024 |
| $1.46 | $1.46 | November 21, 2023 | November 22, 2023 | December 05, 2023 | November 10, 2023 |
| $1.50085 | $1.50085 | August 28, 2023 | August 29, 2023 | September 12, 2023 | August 17, 2023 |
| $1.46121 | $1.46121 | May 22, 2023 | May 23, 2023 | June 06, 2023 | May 11, 2023 |
| $2.59 | $2.59 | March 24, 2023 | March 27, 2023 | April 05, 2023 | March 16, 2023 |
| $1.45803 | $1.45803 | November 22, 2022 | November 23, 2022 | December 08, 2022 | November 10, 2022 |
| $0.58 | $0.57966 | August 31, 2022 | September 01, 2022 | September 16, 2022 | August 18, 2022 |
| $0.85 | $0.85 | August 26, 2020 | August 27, 2020 | September 10, 2020 | January 01, 1900 |
| $0.1 | $0.1 | April 17, 2020 | April 20, 2020 | May 06, 2020 | April 28, 2020 |
| $0.02 | $0.02 | August 24, 2017 | August 25, 2017 | September 12, 2017 |
TORM plc News
Read the latest news about TORM plc, including recent articles, headlines, and updates.
TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM's incentive program
HELLERUP, Denmark , March 21, 2025 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) or (NASDAQ: TRMD-A) has increased its share capital by 262,294 A-shares (corresponding to a nominal value of USD 2,622.94) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share.
Buy 4 Ideal 'Safer' February Dividends, Out Of 40 Choices From Readers
Since May 2017, reader-selected dividend-paying stocks have been featured, with valuable reader feedback improving accuracy and direction. My Dogs of The Week portfolios are available for Dividend Dogcatcher subscribers, with detailed summaries and reference guides listed by date. I prioritize stocks whose dividends from $1K invested exceed their single share price, categorizing them as "cash rich" or "cash poor".
Dividend Power Dogs: 3 Top Dividend Picks For March
Three top Dividend Power stocks, Golden Ocean, Diversified Energy, and Saratoga Investment Corp, offer "safer" dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts predict significant net gains (39.97% to 168.6%) for the top ten Dividend Power stocks by March 2026, with an average net gain of 77.96%.
TORM plc (TRMD) Q4 2024 Earnings Conference Call Transcript
TORM plc (NASDAQ:TRMD ) Q4 2024 Earnings Conference Call March 6, 2025 9:00 AM ET Company Participants Jacob Meldgaard - Chief Executive Officer Kim Balle - Chief Financial Officer Conference Call Participants Jonathan Chappell - Evercore Omar Nokta - Jefferies Operator Thank you for standing by. My name is Pam and I will be your conference operator today.
TORM: Time To Buy After The 50% Drawdown, Earnings On Tap
I am upgrading TORM Plc to a buy due to attractive valuation and key technical support, despite a softer operating environment and geopolitical risks. TORM's Q3 results were strong with EPS of $1.35 beating estimates, but full-year guidance was lowered due to geopolitical uncertainties and asset pricing concerns. Key risks include potential easing of Red Sea disruptions, weaker global trade, and higher geopolitical tensions, but bullish seasonality and low P/E offer upside potential.
10 Ideal 'Safer' January Dividend Buys, Out Of 40 Choices From Readers
Before January 31, 2025, my REaders mentioned 40 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers spoke-up about the ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN ReFa/Ro: CAG, VZ, DOW, PFE, MRK GOGL, PK, PBR FRO, and TRMD averaged 40.36% net gains from reader data collected 2/17/25. Ten analysts target-augured January TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: CAG, VZ, PBR, DOW, PFE, GOGL, TRMD, PK, MRK, & FRO, boasting a 27.91% average target price upside estimate.
TORM: A Unique Combination Of Geopolitical Turmoil, Economics, And Balance
Russian sanctions will remove a significant number of crude tankers from the market. This opens the refined product trade to benefit from cannibalization of the crude market and removal of LR2 capacity. Peace agreements between Israel and the Hamas could allow the Red Sea to eventually reopen, removing ton-miles from the global fleet.
TORM's 20% Dividend Yield And Market Tailwinds Make It A 'Buy'
TORM's recent stock weakness, in my view, is a buying opportunity, as the key factors behind its post-2018 rebound should persist for the next 2-3 years. Strong Q3 performance with $263M TCE earnings, $191M EBITDA, and 20.3% ROIC, showcasing resilience in a volatile market. Structural industry dynamics, like an aging global fleet and limited newbuilds, support sustained high TCE rates and earnings growth.
5 Top Stocks Yielding Over 5% For 2025
The New Year is a good time to review your portfolio and acquire some new investments. Tax-loss selling in December often leads to opportunities in January. I started rotating out of U.S. tech stocks and into non-tech & foreign stocks last year. That includes many high-yield stocks.
4 Of 35 Safe-Buy Dividend Power Dogs In January
Four low-priced Dividend Power stocks, Golden Ocean, Invesco Mortgage, ARMOUR Residential, and FutureFuel, offer safer dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts project significant gains for top Dividend Power stocks, with an average net gain of 79.97% on $10k invested in the top ten.
TORM plc: I Was Wrong, Now I'm Long
A few months ago, I wrote an article giving positive coverage to TORM PLC, a Danish tanker company. At the time, I rated the stock a strong buy on the basis of the fact that it was trading at low multiples while performing well as a business. Many readers took the article poorly, noting the stock's selloff after the article published.
TORM Stock Could Be A Great Value Investment For The Next Few Years
The global energy sector is evolving, but traditional energy sources remain crucial; TORM plc's tanker fleet is vital for global energy distribution. Despite a 30% decline in TORM's share price due to market volatility, I am bullish on its long-term prospects. TORM's strategic initiatives, like the One TORM platform and fleet renewal, position it well against competitors and ensure operational efficiency.
Of 36 Dividend Power Dogs, 11 Are Buyable In November
Eleven of the 35 Dividend Power Dogs are recommended for their "safer" dividends, with free cash-flow yields exceeding dividend yields, making them ideal buys. The Dividend Power strategy focuses on high earnings yield and high dividend yield, creating a resilient portfolio for both downturns and bull markets. Analysts project significant gains for the top ten DiviPower stocks by November 2025, with potential net gains ranging from 55.4% to 108.51%.
TORM: Making Sense Of The Collapse And What To Do From Here
Following a 30% decline since my Strong Buy recommendation, I reassess the situation among the rubble. Recent market fundamentals have been negative due to refinery maintenance and increased vessel supply through crude tankers cross-trading into the clean product market. The crude fleet looks to have retreated, but in doing so has depressed their own rates. Investors should monitor for this phenomenon in the future.
TORM plc: Double-Digit Yields And Attractive Discount To NAV (Rating Upgrade)
Considering the weaker seasonality, TORM plc delivered adequate results for 3Q24. YoY revenue grew by 3.9% while net income by 4.8%. TRMD has 59.4% Total Debt to Equity and 40.2% Total Liabilities to Total Assets. For 3Q24, gross interest payments were $18.4 million. In 3Q24, TORM agreed to acquire eight MR tankers built in 2014-2015. The company took delivery of six of the ships.
TORM plc (TRMD) Q3 2024 Earnings Call Transcript
TORM plc (NASDAQ:TRMD ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Jacob Meldgaard – Chief Executive Officer Kim Balle – Chief Financial Officer Conference Call Participants Emily Harkins – Jefferies Operator Hello, my name is Audra and I will be your conference operator today. At this time I would like to welcome everyone to the TORM Third Quarter 2024 Results Conference Call.
TORM: Product Tanker Markets Primed For Recovery (Podcast Transcript)
Value Investor's Edge Live hosted TORM CEO Jacob Meldgaard for an exclusive interview on Sept. 19. TORM plc is one of the largest US-listed product tanker firms with a $3.1B market capitalization. Jacob provides evenhanded industry commentary and is a well-trusted source. We reviewed current market conditions, and ongoing shipping disruptions, and discussed the potential for a strong seasonal rally starting in October.
68 Graham All Star Value Stocks Show 55 In September Fit To Buy
The Value Score identifies large-cap stocks offering high value relative to their price, focusing on profits, cash flows, assets, and sales. The Ben Graham Formula targets ultra-stable stocks with strong earnings, dividends, and low valuations, ideal for long-term investment. Analysts project significant gains for top-yield Graham All-Star-Value stocks, with estimated returns ranging from 27.64% to 86.21% by September 2025.
22% Yielding TORM: A Very Buyable Crash (Rating Upgrade)
Last week, TORM plc stock crashed as oil prices collapsed worldwide. As an oil tanker, TORM's business is impacted by the supply and demand for oil. However; it doesn't depend on high oil prices the same way that E&Ps do. The demand for oil and size of the tanker fleet are the more relevant factors here.
High Dividend Yields Make These 2 Shipping Stocks Stand Out
The worldwide maritime shipping industry is essential to distributing goods, including raw materials, commodities, gasoline, and jet fuel. With an impact on a host of different industries, shipping is in many ways a bellwether for global economic health.
TORM plc: The Sell-Off Is Overdone - Upgrading To Strong Buy
TORM plc's share price dropped 15% due to market sell-off and seasonality, but maintains an 18% dividend yield with potential upside in Q4. Global refinery shifts away from Europe to the Middle East and Africa will enhance clean product trade, benefiting TRMD. Increased vessel supply from crude to clean trades has capped rates, but the TMX pipeline and seasonality will reverse this trend, supporting future rates.
How Good Is TORM's 22% Yield?
TORM plc offers a high 22% dividend yield, but this is likely unsustainable long-term despite current profitability. The company has a growing fleet of 96 vessels, with an average age of 11-12 years, and a strong balance sheet. Geopolitical tensions have boosted product tanker rates, significantly increasing TORM's profits and enabling high dividends.
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