TORM TRMD-A.CO
United KingdomEnergy · Oil & Gas MidstreamNasdaq Copenhague · DKK
272.59 DKK (+4.3%)
4 analysts
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TORM is a Danish shipping company that transports refined petroleum products (gasoline, diesel, jet fuel) globally, generating revenue from freight.
Listed on Nasdaq Copenhague · Symbol TRMD-A.CO · CPH: TRMD-A · Currency DKK
Key points
from its scores- ✓Good share-price trend9.4
- ✓Attractive dividend9.3
- ✓Favourable backdrop8.9
AI analysis
bottom line, main risk, context and newsHold, given the strong cyclical profile and geopolitical risk on its main routes; the dividend is attractive but depends on freight rates remaining at exceptional levels.
TORM shows solid financial health (ND/EBITDA 0.76) and a very attractive dividend yield (11.01%), but its explosive growth (earnings +460%) is clearly cyclical and likely unsustainable, with elevated operational risk due to its exposure to conflict routes.
The main risk is a reversal of the freight cycle: record earnings and margins (operating margin 53.58%) can collapse when vessel supply outpaces demand, especially if the Strait of Hormuz blockade is resolved and the risk premium disappears.
Context and risks
TORM is a maritime transporter of refined products, with direct exposure to the Persian Gulf and Red Sea routes. The blockade of the Strait of Hormuz and attacks in Bab el-Mandeb raise operational and security risks for its fleet, although they may also support freight rates. Volatility in crude oil and the possibility of an agreement to reopen the strait could quickly reverse current market conditions.
Is TORM stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 46% below the Energy median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 6.7 | 15.7 | −57% |
| EV / EBITDA | 5.2 | 8.0 | −36% |
| Price / book | 1.8 | 2.2 | −19% |
| Price / sales | 2.3 | 1.9 | +19% |
Sector: median of the 102 Energy companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.1 out of 10 (median for Energy: 5.9).
Average analyst target: 272.59 DKK, +4.3% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 8.6 (sector 6.8), Growth 7.1 (sector 7.2).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Energy medianValuation
- P/E
- 6.7
- Forward P/E
- 7.5
- EV / EBITDA
- 5.2
- Price / book
- 1.8
- Price / sales
- 2.3
- PEG
- 2.85
- Market cap
- 26.8B DKK
- Enterprise value
- 4.7B USD
Profitability
- ROE
- 26.8%
- ROA
- 11.9%
- ROIC (approx.)
- 28.8%
- Gross margin
- 58.4%
- Operating margin
- 53.6%
- Net margin
- 35.5%
- Free cash flow
- 15.4M USD
- FCF yield
- 0.4%
- Cash conversion
- 2%
Solvency
- Total debt
- 1.1B USD
- Net debt
- 699.0M USD
- Cash
- 377.2M USD
- EBITDA
- 913.8M USD
- Net debt / EBITDA
- 0.76
- Debt / equity
- 42.20
- Current ratio
- 2.27
- Quick ratio
- 1.91
Growth
- Revenue growth
- +110.3%
- Earnings growth
- +460.3%
- EPS (TTM)
- 38.87 DKK
- EPS (forward)
- 34.81 DKK
Dividend
- Dividend yield
- 11.0%
- Payout
- 39.9%
Risk and market
- Beta
- −0.02
- Analyst consensus
- Buy (4)
- Target price
- 272.59 DKK
- 52-week range
- 122.65 – 277.40
Recent news
All TRMD-A.CO news →Compare it with its sector
All 102 in Energy →Frequently asked questions about TORM
Is TORM stock cheap or expensive?
On P/E and EV / EBITDA, it trades 46% below the Energy median on average. Valuation score: 6.1 out of 10 (median for Energy: 5.9). Average analyst target: 272.59 DKK, +4.3% versus the price. This is not investment advice.
What score does TORM get on MeridIAn Screener?
It scores 7.9 out of 10, rank 17 of 2,130 (better than 99% of the companies analysed). Its strongest category is Momentum (9.4) and its weakest, Valuation (6.1). Analysis of 08/10/2026.
What is TORM's P/E ratio?
Its P/E is 6.7: the share price equals 6.7 times earnings per share over the last 12 months. The Energy median is 15.7. Based on the earnings analysts expect, the forward P/E is 7.5.
How much is TORM worth on the stock market?
Its market capitalisation is 26.8B DKK and its enterprise value, debt included, is 4.7B DKK.
How much debt does TORM have?
Its net debt (debt minus cash) is 699.0M USD. That is 0.76 times its EBITDA; the Energy median is 1.23.
Does TORM pay a dividend?
Yes: its dividend yield is 11.01% and it pays out 40% of its earnings.
How has TORM stock performed over the last year?
It has risen 102.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 122.65 and 277.40 DKK. Past performance does not guarantee future results.
What do analysts think of TORM?
4 analysts cover it; their average recommendation is “Buy” and their average target is 272.59 DKK (+4.3% versus the price). It is an estimate, not market data.