TORM plc: Why I'm Staying Away Despite The Tanker Boom
TORM plc delivered strong 9M results, with EBITDA more than doubling and net profit up over 200%, driven by surging TCE rates. Read why TRMD stock is a hold.
Model output · Signal date 2026-11-06
Torm Plc (TRMD) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
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90-day forecast
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30-day forecast
Alpha
Rank in coverage
of 5150 stocks scored
Rank correlation · 90D
-20.0%
Spearman, 357 dates
Market Cap
$3.48B
mid-cap · #4 of 39 peers
Summary
Torm Plc (TRMD) stock forecast summary
Our AI scores Torm Plc every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Torm Plc is a mid-cap company with a market capitalization of $3.48B. It ranks number 4 by market capitalization among the 39 Deep Sea Foreign Transportation of Freight issuers in our coverage with a current forecast.
For TRMD, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -20.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -15.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, TRMD included.
Price
TRMD price chart and AI forecast
Cross-section · 2026-11-06
How TRMD ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2025-12-31
Torm Plc (TRMD) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Deep Sea Foreign Transportation of Freight peers listed below that report each metric.
Valuation & Market
| Metric | TRMD | Rank |
|---|---|---|
| Market Cap | $3.48B | 4/39 |
| P/E Ratio | 2.91x | 18/20 |
| EPS | $11.81 | – |
| Revenue/Share | $57.85 | – |
| FCF/Share | $8.19 | – |
Profitability & Margins
| Metric | TRMD | Rank |
|---|---|---|
| ROE | 52.2% | 5/24 |
| ROA | 34.2% | 4/24 |
| ROIC | 43.6% | 4/26 |
| Operating Margin | 22.1% | 20/26 |
| Net Margin | 19.6% | 15/24 |
| EBT Margin | 19.8% | 15/25 |
| Tax Rate | 0.7% | – |
Financial Health
| Metric | TRMD | Rank |
|---|---|---|
| Current Ratio | 1.33x | 25/31 |
| Quick Ratio | 1.16x | 22/27 |
| D/E Ratio | 0.53x | 25/38 |
| Financial Leverage | 1.53x | 29/38 |
| Working Capital | $130M | 14/28 |
Cash Flow
| Metric | TRMD | Rank |
|---|---|---|
| Operating Cash Flow | $2.04B | 2/30 |
| Free Cash Flow | $830M | 2/6 |
| Capital Spending | -$1.21B | 5/6 |
| OCF Growth YoY | 30.9% | 9/20 |
| FCF Growth YoY | 0.0% | – |
| FCF/Sales | 14.2% | 3/6 |
| CapEx/Sales | 20.6% | 3/6 |
Operational Efficiency
| Metric | TRMD | Rank |
|---|---|---|
| Asset Turnover | 1.74x | 2/12 |
Income Statement
| Metric | TRMD | Rank |
|---|---|---|
| Total Revenue | $5.86B | 1/11 |
| Operating Income | $1.29B | 2/27 |
| Net Income | $1.15B | 2/24 |
Dividend & Shareholder Information
| Metric | TRMD | Rank |
|---|---|---|
| Shares Outstanding | 101M | – |
| EPS Growth | -22.1% | 9/14 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $532M | |
| Cash & Short-term Investments | $158M | |
| Inventory | $66M | |
| Total Liabilities | $1.16B |
Quarterly Financial Reports
TRMD quarterly financials and insider trading
Industry Peers · Deep Sea Foreign Transportation of Freight
Torm Plc (TRMD) industry peers
Companies classified under the same SEC industry code as Torm Plc (Deep Sea Foreign Transportation of Freight): 40 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| TRMD Torm Plc | $3.48B | |
| FRO Frontline Plc | $10.11B | |
| CMBT Cmb.Tech Nv | $5.25B | |
| STNG Scorpio Tankers Inc. | $3.75B | |
| DHT Dht Holdings, Inc. | $3.33B | |
| ZIM Zim Integrated Shipping Services Ltd. | $3.30B | |
| SBLK Star Bulk Carriers Corp. | $3.06B | |
| ECO Okeanis Eco Tankers Corp. | $2.95B | |
| DAC Danaos Corp | $2.71B | |
| CDLR Cadeler A/S | $2.63B | |
| NMM Navios Maritime Partners L.P. | $2.45B | |
| LPG Dorian Lpg Ltd. | $1.99B | |
| SFL Sfl Corp Ltd. | $1.65B | |
| CMRE Costamare Inc. | $1.53B | |
| GSL Global Ship Lease, Inc. | $1.40B | |
| CCEC Capital Clean Energy Carriers Corp. | $1.22B | |
| NVGS Navigator Holdings Ltd. | $1.22B | |
| GNK Genco Shipping & Trading Ltd | $1.13B | |
| TK Teekay Corp Ltd | $1.08B | |
| HSHP Himalaya Shipping Ltd. | $727M | |
| SB Safe Bulkers, Inc. | $722M | |
| ASC Ardmore Shipping Corp | $709M | |
| PANL Pangaea Logistics Solutions Ltd. | $496M | |
| ESEA Euroseas Ltd. | $447M | |
| SHIP Seanergy Maritime Holdings Corp. | $298M | |
| GASS Stealthgas Inc. | $294M | |
| DSX Diana Shipping Inc. | $289M | |
| SMHI Seacor Marine Holdings Inc. | $235M | |
| IMPP Imperial Petroleum Inc./Marshall Islands | $201M | |
| TORO Toro Corp. | $135M | |
| PXS Pyxis Tankers Inc. | $58M | |
| GLBS Globus Maritime Ltd | $52M | |
| SVRN Svrn, Inc. | $24M | |
| PSHG Performance Shipping Inc. | $24M | |
| CTRM Castor Maritime Inc. | $12M | |
| HTCO High-Trend International Group | $11M | |
| ICON Icon Energy Corp | $4M | |
| TOPS Top Ships Inc. | $2M | |
| RBNE Robin Energy Ltd. | $190K | |
| NMPGY Navios Maritime Holdings Inc. | N/A |
Where TRMD sits on the market map
Energy & Transportation · Deep Sea Foreign Transportation of Freight
News
Torm Plc (TRMD) stock news
TORM plc Q3 2026 Results, Dividend Distribution, and Financial Outlook 2026
"Favorable market conditions, healthy transportation demand, and strong execution contributed to a strong third quarter," said Jacob Meldgaard, CEO of TORM, adding, "We remain confident in the ...
TORM plc Q3 2026 Earnings Call Summary
Capital allocation remains dynamic, balancing a 78% dividend payout ratio with strategic fleet renewal through newbuilding ...
FAQ
Torm Plc (TRMD) stock forecast FAQ
What is the Torm Plc (TRMD) stock forecast?
Our AI scores Torm Plc every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Torm Plc stock predictions?
For TRMD, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -20.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -15.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Torm Plc forecasts updated?
Torm Plc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Torm Plc's industry peers?
40 issuers in our coverage, TRMD included, share the SEC industry code Deep Sea Foreign Transportation of Freight. The largest are: Frontline Plc (FRO), Cmb.Tech Nv (CMBT), Scorpio Tankers Inc. (STNG), Dht Holdings, Inc. (DHT), Zim Integrated Shipping Services Ltd. (ZIM), Star Bulk Carriers Corp. (SBLK).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.