# TORM plc (TRMD) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Energy / Oil, Gas & Consumable Fuels. Price $35.18, market value $3.6 billion.

## Valuation
- **P/E (trailing): 5.8×** (5-yr avg 3.6×, 3-yr avg 4.0×). TORM plc trades at 5.8× trailing earnings, well above its own five-year average of 3.6×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×. Forward P/E is 8.1×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 2.6×**. Each dollar of revenue is priced at 2.6×.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.5×**. Enterprise value is 6.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 2.4%** (5-yr avg -2.6%). Free cash flow equals 2.4% of the market value, above its five-year average of -2.6%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 17.3%**. The inverse of the P/E: 17.3% of the price is earned each year.

## Profitability
- **Gross margin: 54.2%**. TORM plc keeps 54.2% of revenue after the direct cost of what it sells.
- **Operating margin: 28.4%**. 28.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 21.4%**. 21.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.0%**. 13.0% on shareholders' equity is solid.
- **Return on invested capital: 14.3%**. Return on all capital, debt included, is 14.3%.
- **Return on assets: 10.3%**. Each dollar of assets produces 10.3% of profit.

## Growth
- **Revenue growth (1 yr): -14.1%** (3-yr -2.5%/yr, 5-yr 12.4%/yr). Revenue fell 14.1% over the last year, against 12.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -55.2%** (3-yr -25.2%/yr, 5-yr 19.1%/yr). Earnings per share fell 55.2%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -20.8%/yr**. Free cash flow has compounded at -20.8% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.32**. Debt is 0.32 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.9×**. It would take 0.9 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 5.7×**. Operating profit covers interest 5.7× over, a safe margin.
- **Altman Z-score: 3.52**. A Z-score of 3.52 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 12.56%** ($4.42 per share, trailing). TORM plc yields 12.56%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 70%** (319% of free cash flow). 70% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): 26.2%/yr** (1-yr -48.1%). The dividend has compounded at 26.2% a year over five years, doubling roughly every 3 years at that pace.

## Analyst view
- **Analyst consensus: buy** (2 analysts). 2 analysts cover TORM plc; the consensus is buy, with an average price target of $36.50 (+4% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 66.6%** (YTD 88.5%, 3-mo 23.7%). The shares are up 66.6% over twelve months including dividends.
- **From 52-week high: -1.0%** (82.3% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 74**. An RSI of 74 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.41** (volatility 38%). Beta of 0.41 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TRMD · Page: https://foliofundamentals.com/stocks/trmd

Not investment advice.