TORM

TORM Plc engages in the ownership and operation of product tankers. The firm transports refined oil products such as gasoline, jet fuel, kerosene, naphtha and gas oil, and occasionally dirty petroleum products, such as fuel oil. The company was founded by Ditlev E. Torm and Christian Schmiegelow in 1889 and is headquartered in London, the United Kingdom.

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TORM Plc engages in the business of transporting clean and dirty petroleum products. It operates under the Tanker and Marine Exhaust segments. The Tanker segment focuses on the transportation of refined oil products such as gasoline, jet fuel, and naphtha. The Marine Exhaust segment includes developing and producing advanced and green marine equipment. The company was founded by Ditlev E. Torm and Christian Schmiegelow in 1889 and is headquartered in London, the United Kingdom.

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Shipping vessel rates remain high due to rising energy prices and major displacement, benefiting companies like TORM plc. TORM looks very undervalued vs its industry. TORM has experienced significant growth, with record earnings and cash flow in 2022 and continued growth in 2023, leading to very generous dividends.

TORM plc: Record Earnings, 15%-21% Yield, Very Undervalued

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TORM plc is one of the world's largest transporters of refined oil products, operating in various vessel segments from Medium Range to Long Range 2 tankers. TORM's balance sheet remains strong, with a net LTV ratio of 29% and available liquidity of $497 million. The financial performance in Q2 was the best in the firm's history. TORM expects significant earnings day coverage at favorable rates for the remainder of FY2023, with already secured 72% of its full-year earning days.

TORM: The Comeback Is Unfolding

My Buy rating on TRMD has met my expectations, but its upward momentum has stalled at a pivotal level. The company's revised earnings outlook suggests a lower second-half projection due to uncertain macroeconomic conditions. Despite caution, I assessed that the threat of a steep dividend cut appears to be relatively low for now, keeping income investors on board.

TORM: High Hopes Need A Reality Check (Rating Downgrade)

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TORM is a Danish shipping company with a focus on transporting refined oil products and a history of distributing dividends to shareholders. They own 87 vessels and have a clean balance sheet. They are paying out a 24% dividend, which is supported by the current market rates. Strong Buy.

TORM - Potential Dividend Machine

Global growth outlook improves, despite concerning data trends in China. TORM plc operates as a shipping company, benefiting from increased demand in the product tanker market. TORM has a compelling valuation with low earnings multiples, but technicals have turned slightly bearish.

TORM: Record Q2, Revisiting The Valuation Case As Share-Price Momentum Slows

TORM plc, a leading tanker operator, has benefited from high utilization rates and improved financials despite geopolitical events and OPEC+ production cuts. The company's EBITDA jumped by 53% in the recent quarter, leading to a decline in leverage ratios and improved balance sheet strength. TORM has generated its highest free cash flow in recent years and plans to pay a dividend, demonstrating its ability to generate stable distributions.

TORM: The Company Has Strong Financials And Market Outlook For H2 2023

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TORM plc (NASDAQ:TRMD ) Q2 2023 Earnings Call Transcript August 17, 2023 9:00 AM ET Company Participants Andreas Abildgaard-Hein - Head, IR Jacob Meldgaard - CEO and Executive Director Kim Balle - CFO Conference Call Participants Jonathan Chappell - Evercore ISI Operator Hello, and welcome to the TORM plc Second Quarter and Six Months Ended 2023 Results Call. All line have been placed on mute to prevent any background noise.

TORM plc (TRMD) Q2 2023 Earnings Call Transcript

TORM benefited from favorable demand/supply dynamics in the energy markets and geopolitical tensions in 2022. However, it was slammed in 2023 as investors rotated out and took profits. Analysts have lowered their expectations against management's more upbeat earnings guidance. Hence, the bar has been lowered for TORM to outperform. TRMD buyers helped stage a resounding bottom in June. Recent production cuts by OPEC+ have not worried buyers as TRMD continued its recovery.

TORM: The Rally Is Just Getting Started - Don't Miss It

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“Value ranking, looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed. “—YCharts Value Screener. 70 August Value large caps and Graham formula-derived results reflect established value stock detection criteria. Of those, 59 met our absurd ideal of dividends from $1K invested exceeding single share stock prices. Representing nine-of-eleven Morningstar Sectors, all 59 ideal value picks pay regular dividends. Broker-target-top-ten net gains ranged 27.38%-55.94%, topped by PDM & TRMD, as of 8/1/23.

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I believe that an interesting entry point to initiate a long position in TORM plc stock has now reappeared. The imbalance in the tanker market still speaks in favor of the bullish cycle continuation. TORM's financials look super strong.

TORM Stock Looks Ready To Make A Comeback (Rating Upgrade)

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"Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed." — YCharts Value Screener. 67 June value large caps and Graham formula-derived results reflect established value stock detection criteria. Of those, 54 met the dogcatcher-ideal of dividends from $1K invested exceeding single-share stock prices. Representing eight of eleven Morningstar Sectors, all 54 ideal value picks pay regular dividends. Broker-target top-ten net gains ranged 34.55%-81.13%, topped by SBSW and PDM, as of 6/8/23.

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TORM, a leading global owner and operator of tankers, experienced its highest-ever yearly earnings in 2022 with a net profit of $365 million, primarily due to increased freight rates amid geopolitical events like the Russian invasion of Ukraine. The company's financial strength is evident in its capital structure, with debt levels well below equity levels and a net debt of $669.2 million, significantly lower than the previous year's figure of over $1 billion. Despite the volatile nature of the product tanker market, TORM's strong balance sheet and predicted continued strength in the market due to high demand for refined products and the EU ban on Russian oil products make it a good investment, with a buy rating.

TORM: Positive Market Conditions Coupled With Solid Financials Bring Profit

Global growth outlooks are ebbing, casting doubts on the demand picture for oil and impacting tanker companies like TORM plc. TORM's profits may be negatively impacted by falling tanker rates and geopolitical tensions leading to higher freight rate volatility. Despite high earnings uncertainty, TORM's technical situation indicates a trading range with support around $23 and resistance at $37.

TORM: Profit Uncertainty Ahead, Dividends At Risk, Technical Range Emerging

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TORM Plc: A Near-Term Energy Transportation Capital Gains Prospect

TORM plc (NASDAQ:TRMD ) Q1 2023 Earnings Conference Call May 11, 2023 9:00 AM ET Company Participants Andreas Abildgaard-Hein - Head, IR Jacob Meldgaard - CEO and Executive Director Kim Balle - CFO Conference Call Participants Jon Chappell - Evercore Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today.

TORM plc (TRMD) Q1 2023 Earnings Call Transcript

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I expect TORM stock to continue to grow in the next few years, thanks to favorable market conditions and the still underestimated outlook of Wall Street analysts. But due to its idiosyncratic features and being slightly overcrowded, TORM stock is now a Hold, not a Buy.

TORM Is Still Good, But International Seaways Looks More Interesting

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Product tanker equities have generated tremendous returns over the past year and certain names remain attractive for those with a positive view on future market balances. INSW and STNG are my favorites today, whereas TRMD and ASC are not very appealing at current pricing. I believe TNP, D'Amico, and Hafnia also are attractive at this time.

Top Picks For Today's Product Tanker Market

News for TORM Stock (TRMD)