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TRMD
TORM plc
NASDAQ· Energy· Oil & Gas Midstream· CUSIP G89479102
$38.53-2.08%Price as of Oct 23, 00:42 UTC · updated once a day, after the close
At a glance
TORM plc (TRMD) is listed on NASDAQ and classified in Oil & Gas Midstream, part of the Energy sector. It is headquartered in London, United Kingdom and has 588 employees. The company is worth $3.96B and trades at 6.3x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was $1.34B in fiscal 2025, down 14.1% from the year before. Net income was $285.3M. The share price is 8.0% below its 52-week high of $41.86. It pays a dividend yielding 11.47%. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Howard Marks (Oaktree Capital Management), at $524.26M. In that quarter, 5 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $3.96B
- P/E
- 6.3x
- Forward P/E
- 8.9x
- P/B
- 1.5x
- Dividend yield
- 11.47%
- Payout
- 72.82%
- EPS
- $6.07
- ROE
- 26.84%
- Profit margin
- 35.52%
- Revenue growth
- +110.30%
- Beta
- -0.02
- 52-week high
- $41.86
- 52-week low
- $19.30
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
Howard MarksReducedOaktree Capital Management · Q2 2026$524.26M20.33M shares · 13.9% of portfolio
Ken GriffinAddedCitadel Advisors · Q2 2026$17.18M659.42K shares · 0.0% of portfolio- Two SigmaAddedTwo Sigma Investments · Q2 2026$9.38M359.79K shares · 0.0% of portfolio
- Steve CohenAddedPoint72 Asset Management · Q2 2026$7.69M295.19K shares · 0.0% of portfolio
- Cliff AsnessAddedAQR Capital Management · Q2 2026$7.37M285.92K shares · 0.0% of portfolio
- Renaissance TechnologiesReducedRenaissance Technologies · Q2 2026$7.21M276.83K shares · 0.0% of portfolio
- Israel EnglanderNew positionMillennium Management · Q2 2026$2.37M90.92K shares · 0.0% of portfolio
Price over time
▲ +412.1% over 5Y.
today you would have $9,469.15▲ +846.9%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $19.58 | $19.45 | $30.41 | $29.17 | |
| P/E | 4.2x | 6.9x | 3.1x | 4.1x | 4.3x |
| P/S | 1.6x | 1.5x | 1.2x | 1.7x | 1.7x |
| P/B | 1.2x | 0.9x | 0.9x | 1.6x | 1.6x |
| EPS | $2.85 | $6.36 | $7.48 | $6.80 | |
| Dividend yield | 16.68% | 10.32% | 30.13% | 23.05% | 6.99% |
| Payout | 81.51% | 70.88% | 92.14% | 93.72% | 30.00% |
| Profit margin | 39.14% | 21.30% | 39.28% | 42.64% | 38.99% |
| ROE | 33.51% | 12.95% | 29.53% | 38.96% | 37.49% |
Median of the years shown; P/E years above 200x are left out.
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$58.32
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$69.63
Earnings growing 0.0% a year plus a 11.5% dividend yield. Growth capped at 25%.
Earnings
$89.47
Median P/E of 14.7 among peers in the sector.
Earnings
$25.36
Median P/E of 4.2 across this company’s own years on record.
Cash flow
$22.17
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Operating
$38.48
Sector median of 8.2x operating profit, less net debt. Banks have no EBITDA.
Dividends
$22.44
Dividend growing 0.0% a year against a 9.0% required return, from the stock’s beta.
How the average is calculated
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
Earnings $60.70 (avg. of 4)+Cash flow $22.17+Operating $38.48+Dividends $22.44÷ 4 =$35.95
$35.95
7 methods answered, across 4 families.
$26.96
Room for errors in the reported numbers.
$38.53
-6.7% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Others in the same sector
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| TDWTidewater Inc | $79.61 | 16.2x | 2.8x | 0.00% | 19.45% | $3.96B |
| TGSGas Transporter of the South Inc | $25.94 | 9.7x | 1.5x | 3.66% | 15.98% | $3.91B |
| PARRPar Pacific Holdings Inc | $80.18 | 4.7x | 2.0x | 0.00% | 53.49% | $4.02B |
| DHTDHT Holdings, Inc. | $24.12 | 8.2x | 2.9x | 9.41% | 39.17% | $3.89B |
| CRKComstock Resources Inc | $13.97 | 7.7x | 1.6x | 0.00% | 19.02% | $4.1B |
| STNGScorpio Tankers Inc. | $82.44 | 5.1x | 1.0x | 2.18% | 24.62% | $4.13B |
About the company
- 588
- London, United Kingdom