TORM stock analysis 2026 | Price, valuation & outlook

TORM

CPSE:TRMD A

kr 181,50

kr0,00 (0,00%)

181,50 kr

kr0,00 (0,00%)

End-of-day quote: 04/03/2026

TORM Stock Value

Analysts currently rate TORM as Hold.

Hold

TORM Company Info

EPS Growth 5Y

59,83%

Market Cap

kr18,54 B

Long-Term Debt

kr4,54 B

Quarterly earnings

05/08/2026 (E)

Dividend

kr13,65

Dividend Yield

7,52%

Founded

1889

Industry

Energy

Country

United Kingdom

Website

TORM

ISIN Number

GB00BZ3CNK81

Website

http://www.torm.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

kr170,50

-6.06%

Last Update: 04/03/2026

Analysts: 3

Highest Price Target kr214,43

Average Price Target kr170,50

Lowest Price Target kr111,30

In the last five quarters, TORM’s Price Target has fallen from kr206,83 to kr131,98 - a -36,19% decrease. One analysts predict that TORM’s share price will fall in the coming year, reaching kr170,50. This would represent a decrease of -6,06%.

Top growth stocks in the energy sector (5Y.)

What does TORM do?

TORM plc (TORM) operates as a pure-play product tanker company. After the end of 2024, TORM sold the MR vessels TORM Ragnhild, TORM Resilience, and TORM Thames to new owners, with expected delivery during the remaining part of Q1 2025. The company is one of the world’s largest carriers of refined oil products. The company’s activities are primarily the transportation of clean petroleum products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, and occasionally dirty petroleum produc...

TORM plc (TORM) operates as a pure-play product tanker company.

After the end of 2024, TORM sold the MR vessels TORM Ragnhild, TORM Resilience, and TORM Thames to new owners, with expected delivery during the remaining part of Q1 2025.

The company is one of the world’s largest carriers of refined oil products. The company’s activities are primarily the transportation of clean petroleum products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, and occasionally dirty petroleum products, such as fuel oil. The company is active in all larger vessel classes of the product tanker market, from Medium Range (MR) to Long Range 2 (LR2) tankers.

The company has an extensive in-house operating and management platform, which performs commercial, administrative, and technical management for its vessels. Through this integrated platform, the company handles the commercial management of all its vessels and the technical management of all its owned vessels, other than three vessels technically managed by an unaffiliated third party. In addition, the company conducts all vessel sale and purchase activities in-house, leveraging relationships with shipbrokers, shipyards, financial institutions, and other shipowners.

Business Strategy

The company’s strategy is to employ its vessels worldwide, primarily in the spot market.

Customers

Tanker

The company generates revenue by charging customers for the transportation of primarily refined oil products and occasionally crude oil. Many of the company’s largest customers in the product tanker (‘Tanker’) segment are companies operating in the oil industry, such as major oil companies, state-owned oil companies, and international trading houses. The Tanker segment consists of TORM's LR1, LR2, and MR vessels, which are operated collectively as a combined internal pool, employed principally in the spot market, and actively managed to meet the needs of the company’s customers in that market, particularly regarding the location of vessels meeting required specifications. Since the disposal of TORM's last two Handysize vessels in 2022, the Tanker segment excludes Handysize vessels. All vessels in the Tanker segment can handle multiple sizes of refined oil cargos and sail all seas and oceans, over both short and long distances. Given the technical specifications and capacity of the vessels, the Tanker segment is relatively homogenous, with a very high degree of interoperability.

Marine Engineering

On September 1, 2022, TORM purchased 75% of the shares in Marine Exhaust Technology A/S for a cash consideration of $2.0 million, thereby obtaining a controlling interest in its joint venture entity Marine Exhaust Technology (Hong Kong) Ltd. As such, TORM provides services in the marine engineering (‘Marine Engineering’) segment, which consists of developing and producing advanced green marine equipment. Some of TORM's contracts with customers relate to the sale of marine engineering equipment with installation services. Customers obtain control of the marine engineering equipment with installation services when the goods are delivered to the customer, they have completed commissioning, and delivery has been accepted by the customers. When without installation services, customers obtain control of the marine engineering equipment when the goods are delivered to and have been accepted by the customers.

Customer Concentration

During 2024, the company’s 20 largest customers accounted for approximately 69% of its total revenue.

Patents, Licenses, and Trademarks

The company has trademark registered the rights to its name (TORM) and logo (the TORM flag) in all relevant jurisdictions, including Denmark, the European Union, Bahrain, Brazil, Singapore, the United Arab Emirates, and the United States.

The company has registered its primary domains: www.torm.com, www.torm.dk, and www.torm.eu.

Environmental and Other Regulations in the Shipping Industry

The company relies upon the safety management system that it and its technical management team have developed for compliance with the ISM Code.

The company has obtained applicable documents of compliance for its offices and safety management certificates for all of its vessels, as required by the International Maritime Organization, or IMO.

The company has obtained Anti-fouling System Certificates for all of its vessels that are subject to the Anti-fouling Convention.

The company complies and plans to comply going forward with the U.S. Coast Guard's, or the USCG’s financial responsibility regulations by providing applicable certificates of financial responsibility.

The company has submitted Notice of Intents (‘NOIs’) for its vessels where required.

Any passage of climate control legislation or other regulatory initiatives by the IMO, the EU, the U.S., or other countries where the company operates, or any treaty adopted at the international level to succeed the Kyoto Protocol or Paris Agreement that restricts emissions of greenhouse gases could require the company to make significant financial expenditures, which it cannot predict with certainty at this time.

The company intends to comply with the various security measures addressed by the U.S. Maritime Transportation Security Act of 2002 (‘MTSA’), the International Convention for the Safety of Life at Sea of 1974 (‘SOLAS Convention’), and the ISPS Code.

As TORM is a member of a P&I Club, which in turn is a member of the International Group, the company is subject to calls payable to the entered P&I Clubs based on its claim records, as well as the claim records of all other members (shipowners) of the individual P&I Clubs and members of the shipping pool of P&I Clubs comprising the International Group.

All of the company’s vessels are certified as being ‘in-class’ by American Bureau of Shipping, Lloyds Register, or Bureau Veritas, who are all members of the International Association of Classification Societies, or IACS.

The U.S. Environmental Protection Agency (‘EPA’) and the USCG have also enacted rules relating to ballast water discharge, compliance with which requires the installation of equipment on its vessels.

Both the U.S. Oil Pollution Act of 1990 (‘OPA’) and the Comprehensive Environmental Response, Compensation, and Liability Act (‘CERCLA’) impact the company’s operations.

As of December 31, 2024, each of the company’s vessels was ISM Code certified.

All of the company’s vessels are in possession of a CLC State-issued certificate attesting that the required insurance coverage is in force.

The company has obtained applicable documents of compliance for its offices and safety management certificates for all of its vessels, as required by the IMO.

Under Chapter IX of the SOLAS Convention, or the International Safety Management Code for the Safe Operation of Ships and for Pollution Prevention (the ‘ISM Code’), the company’s operations are also subject to environmental standards and requirements.

History

TORM plc was founded in 1889.

TORM Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Revenues:** - **Oil and Chemical Transport:** 100% (2026) **TOP 3 Markets:** - **USA:** 35% - **Europe:** 30% - **Asia:** 25% TORM plc is a leading company in the field of oil and chemical transportation, with the entire revenue coming from this industry. The company's main markets...

At which locations are the company’s products manufactured?

**Production Sites:** Mainly in Asia (2026) TORM plc is a leading company in the shipping industry specializing in the transportation of oil products. Production in the context of TORM refers to the operation and maintenance of their fleet of tankers. These activities are heavily concentrated in As...

What strategy does TORM pursue for future growth?

**Revenue Growth:** Estimated 10-12% annually (based on historical data and market trends until 2023) **Fleet Expansion:** Planned increase in fleet capacity by 15% by 2026 TORM plc pursues a growth strategy that heavily focuses on expanding and modernizing its fleet. The company plans to increase...

Which raw materials are imported and from which countries?

**Main raw materials:** Crude oil, petroleum products **Countries of origin:** Saudi Arabia, Russia, USA, Norway TORM plc is a leading company in the transportation of petroleum products. The main raw materials transported by TORM are crude oil and various petroleum products. These raw materials...

How strong is the company’s competitive advantage?

**Market share:** 5% in the global tanker market (2025, estimated) **Fleet size:** 85 ships (2025) **Average age of the fleet:** 11 years (2025) TORM plc is a significant player in the global tanker market, especially in the product tanker sector. The company's competitive advantage lies...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 60% (estimated, 2026) **Insider Purchases:** 2 million USD (2026) **Insider Sales:** 1.5 million USD (2026) The institutional investor share at TORM plc is estimated to be 60%, indicating a strong trust of institutional investors in the company. These investors p...

What percentage market share does TORM have?

**Market share of TORM plc:** 4.5% (estimated for 2026) **Top competitors and their market shares:** 1. **Frontline Ltd.** - 7.2% 2. **Euronav NV** - 6.8% 3. **Teekay Tankers Ltd.** - 5.9% 4. **Scorpio Tankers Inc.** - 5.5% 5. **DHT Holdings, Inc.** - 5.0% 6. **TORM plc** - 4.5% 7. **Nordic America...

Is TORM stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **Profit Growth:** 10.2% (2025) **Return on Equity:** 14.8% (2025) **Debt-to-Equity Ratio:** 0.45 (2025) In 2025, TORM plc recorded a revenue growth of 8.5%, attributed to strong demand in the shipping sector and efficient fleet utilization. The profit growth of 10.2...

Does TORM pay a dividend – and how reliable is the payout?

**Dividend Yield:** 8.5% (2026, estimated) **Dividend History:** Regular payouts for several years TORM plc has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield of 8.5% in 2026 suggests an attractive payout compared to other co...

New support ticket

Explore

TORM Stock Value

TORM Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does TORM do?

TORM Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

TORM Stock Value

TORM Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does TORM do?

TORM Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.