Added to YB: 2026-09-21
Pitch date: 2026-09-18
TRMD [bullish]
TORM plc
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom and internationally.
Market Cap
DKK 3.9B
Pitch Price
N/A
Price Target
53.00 (+39%)
Dividend
5.51%
EV/EBITDA
5.06
P/E
6.26
EV/Sales
2.63
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Shipping Tankers: The Party Isn’t Over Yet - TORM plc
TRMD (hold): Continue to hold with an upgraded 53 price target, implying 42% upside. The thesis views product tankers as one of shipping’s strongest segments for 2026–2027, with TORM well positioned to benefit. Because product-tanker rates have risen much less than crude-tanker rates, TORM is seen as offering more upside and greater confidence in its earnings profile, with 2027 earnings expected to remain much closer to 2026 levels rather than falling off.
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