TORM plc research snapshot
TRMD AI stock analysis as of the August 4, 2026 data cutoff reads TORM plc as a leading product tanker owner riding a strong freight market. The stock closed at $30.18 on August 3, 2026, down 0.13 or 0.43% from the $30.31 close on July 31, after opening at $30.25 and trading in a session range of $29.47 to $30.34, with an after-hours quote of $30.67, up 0.49 or 1.62%, on volume of 443,763 shares against a 20-day average near 462,870, implying a market capitalization of about $3.04 billion on roughly 102.1 million shares. Q1 2026 delivered TCE earnings of $286 million, EBITDA of $201 million, net profit of $122 million, basic EPS of $1.21, and a $0.70 dividend at a 58% payout, and management raised full-year 2026 TCE guidance to $1,150 million to $1,450 million and EBITDA guidance to $800 million to $1,100 million, citing record April freight rates and the closure of the Strait of Hormuz. The fleet runs about 90 vessels today and is set to grow to 103 after contracted MR resale deliveries, with the stock up about 64% over the trailing 52 weeks while still trading near 8.8x trailing earnings with an 8% dividend yield. TRMD AI stock analysis remains cautious about the same cyclical risks that affect the whole product tanker sector, so this page is for informational use only and is not investment advice.
Current price
$30.18 at the August 3, 2026, 4:00 PM EDT market close, down 0.13 or 0.43% from the $30.31 July 31 close, after opening at $30.25 and trading in a session range of $29.47 to $30.34, with an after-hours quote of $30.67, up 0.49 or 1.62%, on volume of 443,763 shares against a 20-day average near 462,870
Market cap
$3.04 billion reported by StockAnalysis.com at the August 3, 2026 close, with the Pineify financial_rigor.py check computing $30.18 x 102.10 million shares outstanding equals $3.08 billion, a 1.36% deviation consistent with share-count timing differences
AI score
63 / 100
Rating
Record Q1 2026 product tanker earnings and a raised 2026 outlook offset by freight rate cyclicality and dividend variability
Trend status
Price above the 50-day and 200-day moving averages near $29.03 and $26.24, with 14-day RSI near 56.22 and the stock recovering from a June 30 low of $26.06 back above $30 in late July
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | TORM owns and operates a wholly owned fleet of around 90 product tankers configured to carry clean petroleum products such as gasoline, diesel, jet fuel, and naphtha, plus a small Marine Engineering segment. Revenue depends on fleet utilization, spot and time-charter TCE rates, and voyage execution rather than recurring contracts, and Q1 2026 TCE earnings of $286 million were 34% above the year-ago $214 million. | High |
| Moat | The moat is a modern, scrubber-fitted fleet, long-standing relationships with oil majors, traders, and refineries, in-house commercial and technical expertise, and access to capital markets in a fragmented product tanker market. It supports operational performance but cannot protect against a broad rate downturn or an oversupplied market. | Medium |
| Management | Management led by CEO Jacob Meldgaard has focused on fleet renewal, debt control, and a variable dividend that returned $0.70 per share for Q1 2026 at a 58% payout, and it raised full-year 2026 TCE and EBITDA guidance in May. Key-person risk exists around the senior team, and a late-June share block offering increased the share count by about 3.6% quarter over quarter. | Medium |
| Financial trend | Q1 2026 revenue of $402 million grew 22% year over year and net income of $122.4 million nearly doubled the $62.3 million of Q1 2025. TTM net income was about $345.4 million, but TTM revenue of about $1.41 billion is still down 2.2% because the trailing window includes weak 2025 quarters, and FY2025 revenue fell 14.1% to $1.34 billion as rates declined from the 2022-2023 peak. | High |
| Valuation | At $30.18, TTM P/E was 8.82x, P/B was 1.34x, EV/EBITDA was about 6.16x, the dividend yield was about 8.02%, and the forward P/E was 3.87x to 4.09x on the FY2026 adjusted EPS consensus of $7.37, which reflects market skepticism that record boom rates will persist. | Medium-high |
| Technical trend | The stock closed at $30.18 on August 3, 2026, above its 50-day moving average near $29.03 and 200-day moving average near $26.24, with 14-day RSI near 56.22 and the price recovering from a June 30 low of $26.06 back above $30. The late-July range was roughly $28.45 to $30.54. | Medium |
| Risk level | Risk is high due to product tanker rate cyclicality, the potential reopening of the Strait of Hormuz, oil demand uncertainty, trade route changes, newbuilding deliveries in 2026-2028, refinery utilization shifts, interest expense, vessel operating costs, environmental regulation, the variability of a high dividend payout, and dilution from share block offerings. | High |
| AI confidence | Confidence is high for reported financials, fleet facts, guidance, dividend history, and valuation math, but AI cannot reliably predict product tanker rates, the resolution of the Hormuz disruption, refinery run trends, or dividend sustainability. | High data confidence |
| Investment certainty | Investment certainty is lower than data confidence because TORM is a cyclical product tanker owner whose earnings and dividend can decline when freight rates normalize, even though the fleet and current-quarter performance are strong. | Low-medium |
TRMD AI stock forecast
The TRMD AI stock forecast uses a three-year scenario model around the $30.18 cutoff price and TTM EPS of $3.42, run with the Pineify financial_rigor.py tool. With annual EPS growth assumptions of 15%, 5%, and -25% and terminal P/E multiples of 10x, 8x, and 5x, the model produced mechanical targets of about $52.0, $31.7, and $7.2. These outputs are widened into ranges below to reflect freight rate, Hormuz, refinery, and dividend uncertainty, and they sit alongside an analyst consensus Buy with an average target of $36.00.
$45 to $55
More likely if product tanker rates stay at or near current levels, the Strait of Hormuz disruption persists or trade routes lengthen, refinery utilization remains high, fleet supply growth stays muted, and TORM keeps executing on fleet renewal and its variable dividend policy.
$26 to $36
More likely if rates moderate from the current spike while remaining above 2025 levels, TORM maintains balanced spot and time-charter coverage with Q2 coverage near the 57% at $71,494 per day reported in May, the fleet operates near full utilization, and the market values cyclical earnings at 8x to 9x trailing and 4x to 5x forward earnings.
$10 to $20
More likely if the Strait of Hormuz reopens and freight rates collapse toward 2025 trough levels, newbuilding deliveries outpace demand, refinery runs decline, trade routes shorten, or dividends are reduced or suspended after a sharp earnings downturn, consistent with the bear case model output near $7 to $8 and a low analyst target near $21.
TRMD AI technical analysis
TRMD AI technical analysis uses available price data through the August 3, 2026 close of $30.18. The stock sits above its 50-day and 200-day moving averages near $29.03 and $26.24, with 14-day RSI near 56.22, and it recovered from a June 30 low of $26.06 to close above $30 on July 31 before easing to $30.18 on August 3. Volume of 443,763 shares on August 3 was below the 462,870 average, and the 52-week range is $18.24 to $35.33. This static page provides a framework; confirm all levels in a live chart before acting.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $30.18 | NASDAQ close on August 3, 2026, with an intraday range of $29.47 to $30.34 and an after-hours quote of $30.67, up 1.62%. |
| Near support | $29.40 to $29.80 | The August 3 session low and the July 21 to July 31 consolidation zone. A monitoring area rather than a guaranteed floor. |
| Key support | $28.00 to $28.50 | The mid-July low area near $28.06 to $28.45. A sustained break below this zone would weaken the short-term structure. |
| Deeper support | $26.00 to $26.50 | The June 30 low of $26.06, near the rising 200-day moving average at $26.24. A decline to this level would signal a more significant trend reversal. |
| Near resistance | $30.50 to $30.70 | The July 22 to July 31 swing highs near $30.29 to $30.54 and the August 3 after-hours high of $30.67. A close above this zone with volume would be constructive. |
| Higher resistance | $32.49 to $35.33 | The May 21 swing high of $32.49 and the 52-week high of $35.33 from the StockAnalysis.com data. The next targets if the $30.50 to $30.70 zone is cleared. |
| 50-day moving average | $29.03 | From the StockAnalysis.com statistics page as of the August 4, 2026 data cutoff. The stock is trading above it. |
| 200-day moving average | $26.24 | From the StockAnalysis.com statistics page. The 200-day SMA has been trending higher since the 2025 low area and supports a positive long-term trend reading. |
| Momentum | RSI near 56.22; price above key averages | 14-day RSI near 56.22 from StockAnalysis.com statistics is in neutral territory, leaving room for further upside but without an overbought signal. |
| Volume | 443,763 shares on August 3 | Below the 462,870 twenty-day average. Below-average volume near resistance reduces conviction for an immediate breakout. |
| Volatility | Recent daily range about $0.50 to $1.00 | Based on late-July and early-August trading. The moderate range suggests controlled short-term moves, though the August 26 earnings report and rate news can expand it. |
| Invalidation | Sustained close below $26.00 | A break below the June 30 low of $26.06 and the 200-day moving average near $26.24 should trigger a reassessment of freight rates, Hormuz developments, fleet updates, dividends, and the broader market trend. |
TRMD AI trading strategy
The TRMD AI trading strategy is a rules-based research framework, not personalized advice. Pair it with live price and volume, a defined position size, an invalidation level, product tanker TCE rate data, Hormuz and trade route news, and TORM quarterly filings.
Wait for TRMD to hold above the $29.40 to $29.80 near-support area and break above the $30.50 to $30.70 resistance zone with volume expansion. Confirm with firm product tanker TCE rate data, the Q2 2026 report on August 26, and positive charter coverage before treating the move as a trend continuation.
A failed breakout and close below the $28.00 to $28.50 key support invalidates the setup. Do not expand risk simply because the 8% dividend yield appears attractive.
If TRMD pulls back toward the $28.00 to $29.00 support zone while RSI holds above 40 and product tanker rates stay firm, consider accumulating a small position. Use TCE rate data, Hormuz news, and peer stock performance to separate normal volatility from a cycle shift.
Do not average down solely on the dividend yield. A product tanker rate decline or the reopening of the Strait of Hormuz can keep the stock under pressure for multiple quarters even with a high yield.
Track MR, LR1, and LR2 product tanker spot TCE rates and charter coverage percentages, refinery utilization and runs, fleet utilization, vessel supply and newbuilding orders, the status of the Strait of Hormuz, TORM debt and cash, dry-dock schedules, dividend declarations, share count changes, and any block offering activity.
Reduce exposure if spot TCE rates approach cash breakeven levels, net debt rises relative to EBITDA, dividends are cut or flagged for reduction, or additional equity block offerings dilute shareholders. Watch for changes in oil product trade flows and environmental regulations.
Investment research summary
TORM turns product tanker vessels, crews, fuel, and chartering expertise into ocean transportation for clean petroleum products. Customers pay for vessel capacity to move gasoline, diesel, jet fuel, naphtha, and other refined products. The economic engine is daily TCE revenue minus voyage expenses, ship operating costs, depreciation, interest, and dry-dock spending.
The practical moat is a modern fleet of around 90 vessels with scrubber technology, long-standing customer relationships, experienced commercial and technical teams, and access to capital markets. These advantages help in a fragmented industry but cannot prevent a broad product tanker rate downturn, oversupply, or the reopening of the Strait of Hormuz.
The thesis fails if product tanker supply grows faster than refined product demand, refinery utilization falls globally, the Strait of Hormuz reopens and trade routes shorten, or freight rates normalize below cash breakeven. Other risks include rising interest expense, vessel value declines, environmental regulation costs, higher dry-dock spending, dividend cuts, share dilution from block offerings, sanctions impacts, or a global recession that reduces oil product consumption.
Management has navigated the cycle by renewing the fleet, keeping debt at about $1.08 billion against $202.9 million of cash, and using a variable dividend policy that returned $0.70 per share for Q1 2026 at a 58% payout. The key test is whether capital allocation remains disciplined when the current rate spike normalizes and whether the dividend policy survives a down cycle, especially after the late-June share block offering.
Product tanker demand is driven by refinery output, trade flows, and the growing refining capacity in the Middle East, India, and Asia that creates longer-haul routes, with the Hormuz closure in 2026 amplifying demand for replacement barrels from the US. Fleet supply is relatively disciplined after the ordering boom of the mid-2000s, but newbuilding deliveries in 2026-2028 and the six MR resales TORM itself contracted could pressure utilization if demand fades.
At $30.18, TTM P/E is 8.82x, P/B is 1.34x, EV/EBITDA is about 6.16x, and the dividend yield is about 8.02%. The three-year scenario model produces targets of about $52.0, $31.7, and $7.2, and the analyst consensus target is $36.00. A margin of safety requires normalized cash flow analysis rather than relying only on a low P/E or high yield that is measured against boom-cycle earnings.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| Latest NASDAQ close | $30.18 on August 3, 2026, down 0.13 or 0.43% from the $30.31 July 31 close, with an after-hours quote of $30.67, up 1.62% | StockAnalysis.com real-time quote and daily price history | August 4, 2026 |
| Shares outstanding | 102.10 million shares outstanding, up 2.47% year over year and up 3.61% quarter over quarter, with current share class at 102.37 million | StockAnalysis.com statistics | August 4, 2026 |
| Market capitalization | $3.04 billion reported by StockAnalysis.com; Pineify financial_rigor.py computes $30.18 x 102.10 million shares equals $3.08 billion, a 1.36% deviation consistent with share-count timing | StockAnalysis.com statistics and Pineify financial_rigor.py market cap verification | August 4, 2026 |
| Q1 2026 operating result | TCE earnings of $286 million, EBITDA of $201 million, net profit of $122 million, basic EPS of $1.21, TCE per day of $34,937, and a dividend of $0.70 per share at a 58% payout; revenue of $402 million and net income of $122.4 million per StockAnalysis.com | TORM Q1 2026 earnings release and StockAnalysis.com quarterly financials | August 4, 2026 |
| FY2025 annual results | Revenue of $1.34 billion, down 14.09%, net income of $285.3 million, down 53.42%, diluted EPS of $2.85, and free cash flow of $190.4 million | StockAnalysis.com annual income statement and cash flow statement | August 4, 2026 |
| TTM financial data | TTM revenue of approximately $1.41 billion, TTM net income of approximately $345.4 million, and TTM EPS of $3.42, based on Q2 2025 through Q1 2026 | StockAnalysis.com statistics | August 4, 2026 |
| Balance sheet | Cash of $202.9 million, total debt of $1.08 billion, net cash of negative $878.9 million or negative $8.61 per share, and shareholders equity of $2.27 billion with book value per share of $22.26 | StockAnalysis.com statistics and quarterly balance sheet | August 4, 2026 |
| 2026 guidance | Full-year 2026 TCE earnings of $1,150 million to $1,450 million, up from the previous $850 million to $1,250 million, and EBITDA of $800 million to $1,100 million, up from $500 million to $900 million, with Q2 2026 coverage of 57% of earning days at an average of $71,494 per day as of May 7, 2026 | TORM Q1 2026 earnings release | August 4, 2026 |
| TTM valuation inputs | StockAnalysis.com reports TTM PE of 8.82x, forward PE of 3.87x, PS of 2.15x, PB of 1.34x, EV/EBITDA of 6.16x, dividend per share of $2.42, and a dividend yield of 8.02% | StockAnalysis.com statistics | August 4, 2026 |
| Analyst consensus | Buy consensus with an average 12-month price target of $36.00, up 19.28%, across analysts polled by S&P Global, with a low of $35 and a high of $37; Evercore ISI raised its target to $37 from $35 on July 22, 2026, Kepler Capital carries a Sell at $21, and Pareto downgraded to Hold at DKK 223 | StockAnalysis.com forecast and analyst ratings | August 4, 2026 |
| Fleet | Wholly owned fleet of around 90 vessels ranging from 45,000 to 115,000 DWT, set to grow to 103 vessels after six contracted MR resale deliveries through 2028; Q1 2026 fleet market value of $3,619 million and NAV of $3,036 million per broker valuations | TORM fleet page and TORM Q1 2026 earnings release | August 4, 2026 |
| Short interest | 655,620 shares short, about 1.07% of shares outstanding, 0.69 days to cover, down from 1.07 million shares the prior month | StockAnalysis.com statistics short selling | August 4, 2026 |
| 52-week range and performance | 52-week range of $18.24 to $35.33, up 63.93% over the trailing 52 weeks, with beta of 0.01 | StockAnalysis.com quote and statistics | August 4, 2026 |
| Financial-rigor verification | Market cap, P/E, P/B, P/FCF, dividend yield, ROE, and three-scenario targets were calculated locally with exact decimal arithmetic | Pineify tools/financial_rigor.py local run | August 4, 2026 |
This TRMD AI stock analysis page is an informational tool only. It is not investment advice, a solicitation, or a guarantee of returns. Forecast ranges are scenarios based on public data available as of the August 4, 2026 data cutoff and can be wrong if product tanker rates, oil demand, the status of the Strait of Hormuz, refinery utilization, trade routes, vessel supply, financing conditions, dividends, or market valuations change.
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