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Torm plc (TRMD) stock

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NASDAQ: TRMD Nasdaq Oil & Gas Storage & Transportation Next results ~November 4, 2026

D Fundamentals grade

Torm plc is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$36

Cash-flow model

Base case. Range ~$25–$51 across our lower- and higher-growth cases (-1%–9% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 10% above our base value.

Price used: $39.82, November 2, 2026

Torm plc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 2 selling1 purchase and 6 sales by directors and officers, last 12 monthsInsider trades
  • Funds94 adding, 60 cuttingOf 32 active managers that changed their stake, 22 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Torm files

Where Torm stands after its latest Filing

Revenue for the twelve months was $1.34bn, down 14.1% on a year earlier, against growth of 2.6% a quarter earlier. That puts it 26 of 29 for growth among the oil & gas storage & transportation companies we cover. Free-cash-flow margin rose to 14.2% from -43.9% a year earlier. Operating margin widened to 26.6% from 0.2%. The diluted share count is up 3.9% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 5 of our 7 financial-health checks. Our cash-flow model value is $36.11 a share, against a share price of $42.69.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Torm plc's trailing-twelve-month revenue fell 14.1% year on year, with a free-cash-flow margin of 14.2%. Where it stands out: long-term debt as % of assets of 21.2% ranks 4 of 26 oil & gas storage & transportation companies we cover. Where it lags: change in growth rate of -16.6pp ranks 28 of 29 oil & gas storage & transportation companies we cover.

Our discounted-cash-flow model values the business at ~$36 per share in the base case (~$25–$51 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -14.1% (-16.6pp vs the prior quarter), the 3rd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • High operating margin. 26.6% of revenue is left as operating profit, against a median of 28.1% for oil & gas storage & transportation companies we cover.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 75.4% over 90 days.

Things to watch

  • Revenue shrinking. Revenue fell 14.1% over the last 12 months.
  • Growth slowing. The growth rate is 16.6 points lower than a quarter earlier.
  • Margins narrowing. Operating margin is down 15.7 points on a year ago.
  • Share dilution. Diluted shares rose 3.9% in a year.
  • Weak cash conversion. Free cash flow was 67% of net income over the last 12 months.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 2.5% ranks 19 of 20 oil & gas storage & transportation companies we cover (median 0.8%).

Latest results

Earnings per share
$3.26 against an average estimate of $3.90: missed by 16.4%
Next report
November 4, 2026; average EPS estimate $1.60

Torm's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-6.7%
  • 1 week-3.0%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.3B
Operating margin
26.6%
Net margin
21.3%
EPS (TTM, diluted)
$2.85

Growth

Revenue growth
−14.1%
Change in growth rate
−16.6 pts
Share count change
+3.9%

Cash

Free cash flow (TTM)
$190M
FCF margin
14.2%
Stock pay % of revenue
2.5%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for TRMD from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Torm plc valuation models and calculator

What the price is pricing in

The share price implies about 5.7% a year of cash-flow growth for five years.That is slower than the 12.4% a year revenue growth Torm has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in5.7%
  • Last 12 months-14.1%
  • 3 years a year-2.5%
  • 5 years a year12.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($40.59, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$36
Price used
$40.59close November 3, 2026
Implied change
▼ 11%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Torm plc's free cash flow after stock-based pay with after-tax interest added back ($242M, FY2025 Q4 TTM), growing 4% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$25–~$51 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Torm plc's free cash flow after stock-based pay ( $242M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Torm plc as an operating company, with every model that fits that kind of business. Cost of equity 7.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.64 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$36 ~$25–$51 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$48 ~$40–$75 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$75 ~$59–$99 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$100 ~$84–$130 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$59 ~$36–$100 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Torm plc with Oil & Gas Storage & Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −32%
  • Revenue growth 5 points higher ▲ +42%
  • Free-cash-flow margin 1 point lower ▼ −7%
  • Last year's free-cash-flow margin change, if it persists ▼ −9%
  • Discount rate 1 point higher ▼ −18%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $26$38$55$76$104$141
8.5% $18$27$39$54$74$100
10% $13$20$29$41$56$76

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $356m and EPS of $1.60 (range $1.60 to $1.60) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $9.71 +255% $1.6bn +21%
Next $7.84 −19% $1.5bn −5%

Next year's EPS estimate has moved +75.4% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +8.9% on 90 days ago. In the last 30 days, 0 analysts raised Torm plc's forecast and 1 cut it.

Consensus EPS forecast Torm plc, last 90 days
$4.00 $6.00 $8.00 $10.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $8.92 Current fiscal year, 60 days ago: $7.60 Current fiscal year, 30 days ago: $7.60 Current fiscal year, 7 days ago: $7.60 Current fiscal year, Now: $9.71 $9.71 Next fiscal year, 90 days ago: $4.47 Next fiscal year, 60 days ago: $4.32 Next fiscal year, 30 days ago: $4.32 Next fiscal year, 7 days ago: $4.32 Next fiscal year, Now: $7.84 $7.84

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $8.92$4.47
60 days ago $7.60$4.32
30 days ago $7.60$4.32
7 days ago $7.60$4.32
Now $9.71$7.84

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $3.90 $3.26 −16.4%
Mar 2026 $1.23 $1.17 −4.7%
Dec 2025 $0.85 $0.85 +0.3%
Sept 2025 $0.77 $0.84 +10.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

2 analysts, Nov 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Nov 2026112
  2. Oct 2026112
  3. Sep 2026112

Counts of recommendations published by analysts covering Torm plc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.1%
of tradable shares
Days to cover
0.26
at average volume
Short interest, 1 month
−56%
to October 15, 2026
Held by institutions
32%
of shares
Held by insiders
20.4%
of shares
Employees
588
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Options strategies

All options ideas

How Torm plc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade D (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Torm plc in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Torm plc
$0 $500M $1B $1.5B $2B FY15 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue (TTM), FY15 Q4: $540.4M Revenue (TTM), FY20 Q4: $747.4M Revenue (TTM), FY21 Q4: $619.5M Revenue (TTM), FY22 Q4: $1.4B Revenue (TTM), FY23 Q4: $1.5B Revenue (TTM), FY24 Q4: $1.6B Revenue (TTM), FY25 Q4: $1.3B $1.3B

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY15 Q4 $540.4M
FY20 Q4 $747.4M
FY21 Q4 $619.5M
FY22 Q4 $1.4B
FY23 Q4 $1.5B
FY24 Q4 $1.6B
FY25 Q4 $1.3B
Revenue growth, TTM YoY Torm plc
-50% 0% 50% 100% 150% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY21 Q4: -17.1% Revenue growth, TTM YoY, FY22 Q4: 133.0% Revenue growth, TTM YoY, FY23 Q4: 5.3% Revenue growth, TTM YoY, FY24 Q4: 2.6% Revenue growth, TTM YoY, FY25 Q4: -14.1% -14.1%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY21 Q4 -17.1%
FY22 Q4 133.0%
FY23 Q4 5.3%
FY24 Q4 2.6%
FY25 Q4 -14.1%
Operating margin (TTM) Torm plc
0% 20% 40% 60% FY15 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Operating margin (TTM), FY15 Q4: 26.5% Operating margin (TTM), FY20 Q4: 18.6% Operating margin (TTM), FY21 Q4: 0.2% Operating margin (TTM), FY22 Q4: 41.7% Operating margin (TTM), FY23 Q4: 45.9% Operating margin (TTM), FY24 Q4: 42.3% Operating margin (TTM), FY25 Q4: 26.6% 26.6%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY15 Q4 26.5%
FY20 Q4 18.6%
FY21 Q4 0.2%
FY22 Q4 41.7%
FY23 Q4 45.9%
FY24 Q4 42.3%
FY25 Q4 26.6%
FCF margin (TTM) Torm plc
-60% -40% -20% 0% 20% 40% FY15 Q4 FY21 Q4 FY23 Q4 FY25 Q4 FCF margin (TTM), FY15 Q4: -7.4% FCF margin (TTM), FY20 Q4: 8.4% FCF margin (TTM), FY21 Q4: -43.9% FCF margin (TTM), FY22 Q4: 26.5% FCF margin (TTM), FY23 Q4: 19.4% FCF margin (TTM), FY24 Q4: 15.7% FCF margin (TTM), FY25 Q4: 14.2% 14.2%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY15 Q4 -7.4%
FY20 Q4 8.4%
FY21 Q4 -43.9%
FY22 Q4 26.5%
FY23 Q4 19.4%
FY24 Q4 15.7%
FY25 Q4 14.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Torm took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.3B
  2. Selling, general and admin $114M · 8.5%
  3. Other operating costs $869M · 64.9%
  4. Operating income $356M · 26.6%
  5. Income tax $9.2M · 0.7%
  6. Interest and other $61.8M · 4.6%
  7. Net income $285M · 21.3%

Shares of revenue. Source: Torm's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2015 Dec 2015 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 540 747 620 1,443 1,520 1,559 1,340
EBITDA 210 261 132 741 848 851 571
Operating income 143 139 1 602 699 659 356
Net income 126 88 −42 563 648 613 285
Diluted EPS $2.40 $1.19 −$0.54 $6.80 $7.48 $6.36 $2.85
Growth (year on year)
Revenue — +38.3% −17.1% +133.0% +5.3% +2.6% −14.1%
EBITDA — +24.0% −49.3% +459.9% +14.5% +0.3% −32.9%
Operating income — −2.8% −99.0% — +16.1% −5.7% −45.9%
Net income — −30.1% −147.8% — +15.2% −5.5% −53.4%
Diluted EPS — −50.4% −145.4% — +10.0% −15.0% −55.2%
Margins
EBITDA margin 38.9% 34.9% 21.3% 51.3% 55.8% 54.6% 42.6%
Operating margin 26.5% 18.6% 0.2% 41.7% 45.9% 42.3% 26.6%
Net margin 23.3% 11.8% −6.8% 39.0% 42.6% 39.3% 21.3%
Free-cash-flow margin −7.4% 8.4% −43.9% 26.5% 19.4% 15.7% 14.2%
Cash flow
Cash from operations 214 236 48 502 805 827 499
Capital spending 254 173 320 119 510 582 309
Free cash flow −40 63 −272 383 295 244 190
Stock-based pay — 2 2 2 23 30 34
Free cash flow after stock pay — 61 −274 381 273 214 156
Balance sheet
Cash 168 90 145 321 266 272 158
Total debt 767 842 1,135 967 1,060 1,226 1,003
Net debt (negative = net cash) 599 753 991 646 794 954 845
Diluted shares 52m 74m 78m 83m 87m 96m 100m
Returned to shareholders
Dividends — 71 0 167 586 553 200
Buybacks — 1 — — — — —
Total returned — 72 0 167 586 553 200

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · December 31, 2025
What it owns · $3.4bn
Short-term assets $532mLonger-term assets $2.8bn
What it owes, and who funded it · $3.4bn
Short-term liabilities $401mLonger-term liabilities $763mShareholders' equity $2.2bn
  • Short-term assets cover short-term liabilities $532m of assets due within a year against $401m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $532m short-term assets against $763m of longer-dated liabilities.
  • More cash than debt $158m of cash against $714m of debt.
  • Debt below 40% of shareholders' equity Debt is 32% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 73% to 32% over five years.
  • A year's operating cash flow covers at least 20% of debt $499m of operating cash flow against $714m of debt.
  • Operating profit covers interest at least five times over Operating income of $356m against $69m of interest.

From Torm plc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$200M
Diluted share count
+3.9%
year over year
Total shareholder yield
5.0%
dividends 5.0% + buybacks 0.0% of market value
Dividend payout ratio
70%
of net income paid out

Competitors: side by side with peers

Closest by revenue in oil & gas storage & transportation
Last 12 months unless stated TRMD DTM NFE AM EE DKL Median
Revenue, last 12 months $1.3bn $1.3bn $1.3bn $1.3bn $1.5bn $1.2bn $2.0bn
Revenue growth, last 12 months −14.1% 13.4% −37.3% 7.3% 49.0% 30.3% 8.8%
Revenue growth, 3-year average — 13.1% −19.4% 7.3% −8.2% 4.4% 4.0%
Revenue growth, latest quarter — 7.0% 2.8% 10.9% 61.0% 56.2% 10.7%
Gross margin — — 35.5% — — 17.6% 42.6%
Operating margin 26.6% 49.4% −86.3% 81.3% 21.8% 15.3% 27.3%
Operating margin, 3-year average — 49.6% −20.5% 67.2% 22.5% 19.2% 20.8%
Net margin 21.3% 35.4% −149.4% 53.4% 3.2% 12.8% 13.1%
Cash from operations / revenue 37.2% 70.4% −41.5% 106.6% 26.7% 28.3% 29.5%
Free-cash-flow margin 14.2% 40.0% −59.8% 95.2% 1.6% 9.9% 11.8%
Free-cash-flow margin, 3-year average — 39.9% −72.8% 76.8% 17.9% 7.9% 8.8%
Stock pay / revenue 2.5% 1.9% 1.6% 3.4% 0.9% 0.3% 0.5%
Change in share count 3.9% 0.7% 12.5% −1.2% — — 0.2%

Median of all 29 companies we cover in oil & gas storage & transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 oil & gas storage & transportation companies
Measure Company Peer median Rank
Revenue growth Growth -14.1% 8.8% 26 of 29
Change in growth rate Growth -16.6pp +0.5pp 28 of 29
Operating margin Profitability 26.6% 28.1% 15 of 27
Net margin Profitability 21.3% 13.1% 11 of 29
Free-cash-flow margin Cash generation 14.2% 13.6% 13 of 28
Stock pay as % of revenue Cash generation 2.5% 0.8% 19 of 20
Long-term debt as % of assets Balance sheet 21.2% 46.2% 4 of 26
Change in share count Balance sheet 3.9% 0.2% 16 of 19

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$1.2B
Institutions reporting
150
Shares held vs prior quarter
▲ 7.7%
Positions opened / closed
35 / 25

Top buyers and sellers, Q2 2026: 94 institutions bought and 60 sold ; the biggest buyer was Susquehanna International Group, LLP (+975K shares) and the biggest seller Oaktree Capital Management LP (−3.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Oaktree Capital Management LP $524M 20.3M 45.2% ▼ 14.7%
Arrowstreet Capital, Limited Partnership $80.6M 3.1M 6.9% ▲ 1.4%
Vanguard Capital Management LLC $51.3M 2.0M 4.4% ▲ 7.8%
Acadian Asset Management LLC $40.1M 1.5M 3.5% ▲ 35.4%
Jpmorgan Chase & Co $40M 1.5M 3.4% ▲ 35.3%
Barclays PLC $39.4M 1.5M 3.4% ▲ 125.6%
Norges Bank $31.9M 1.2M 2.8% —
D. E. Shaw & Co., Inc. $29.5M 1.1M 2.5% ▲ 87.8%
Susquehanna International Group, LLP $25.8M 992K 2.2% ▲ 5899.2%
Castleknight Management LP $24.7M 950K 2.1% ▲ 119.7%
Jane Street Group, LLC $18.8M 730K 1.6% ▲ 104.8%
Citadel Advisors LLC $17.2M 659K 1.5% ▲ 199.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Torm plc's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 1 trade by 1 insider, last 12 months Insider sales History → $19.2M 6 trades by 2 insiders · 0% under pre-set plans
Net ▼ $19.2M net selling
Insider Date Trade Shares Price Value
Balle Kim Chief Financial Officer September 22, 2026 Sell 7,533 $36.35 $273,825
Balle Kim Chief Financial Officer September 21, 2026 Sell 15,000 $39.08 $586,200
Balle Kim Chief Financial Officer September 18, 2026 Sell 20,000 $39.16 $783,200
Balle Kim Chief Financial Officer August 27, 2026 Buy 254 — $0
Meldgaard Jacob Balslev Chief Executive Officer May 20, 2026 Sell 170,133 $32.30 $5.5M
Meldgaard Jacob Balslev Chief Executive Officer May 18, 2026 Sell 348,411 $31.94 $11.1M
Meldgaard Jacob Balslev Chief Executive Officer May 18, 2026 Sell 30,603 $31.94 $977,460

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

  • 6-K 6-K
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Data status

When each part of this page on Torm plc was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Torm plc in brief

What does Torm plc do?
Torm plc is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in December.
What is Torm plc's stock ticker?
Torm plc trades under the ticker TRMD on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Torm plc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Torm plc reported revenue of $1.3B, 14.1% lower than a year earlier, according to its SEC filings.
What is Torm plc's free cash flow?
Torm plc's free-cash-flow margin is 14.2% of revenue over the trailing twelve months, ranking 13 of the 28 oil & gas storage & transportation companies we cover.
What is Torm plc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Torm plc's free cash flow after stock-based pay gives ~$36 per share in the base case, and ~$25–$51 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Torm plc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Oaktree Capital Management LP, Arrowstreet Capital, Limited Partnership and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Does Torm plc pay a dividend?
Yes: Torm plc paid $200M in dividends over the trailing twelve months, a dividend yield of 4.95% and a payout ratio of 70.0%.
How much debt does Torm plc have?
Torm plc's debt-to-equity ratio is 32.4%, from its latest balance sheet (72.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Torm plc's competitors?
In our Oil & Gas Storage & Transportation peer group, the companies closest to Torm plc are DT Midstream, Inc., New Fortress Energy Inc., Antero Midstream Corp, Excelerate Energy, Inc. and Delek Logistics Partners, LP. The side-by-side comparison below sets their revenue, margins and growth against Torm plc's.
Are insiders buying or selling Torm plc stock?
Over the last 12 months, Torm plc's directors and officers reported 1 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
When is Torm plc's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Torm plc announces its own schedule.