Torm Plc - Understand $trmd stock

$TRMD Market Cap: $21.17 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.628B

TTM

Gross Margin

71.67%

TTM

Net Earnings

$713.1M

TTM

Current Assets

$915.9M

Q2 2024

Current Liabilities

$287.7M

Q2 2024

Current Ratio

318.35%

Q2 2024

Total Assets

$3.466B

Q2 2024

Total Liabilities

$1.423B

Q2 2024

Book Value

$2.043B

Q2 2024

Cash

$532.4M

Q2 2024

P/E

29.69

Nov 29, 2024 EST

Free Cash Flow

$426.6M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2012	2011	2010	2009
Revenue	$1.520B	$1.443B	$619.5M	$747.4M	$692.6M	$635.4M	$657.0M	$680.1M	$540.4M	$1.121B	$1.305B	$856.1M	$862.3M
YoY Change	5.34%	132.97%	-17.1%	7.9%	9.01%	-3.29%	-3.4%	25.86%		-14.1%	52.46%	-0.72%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2012	2011	2010	2009
Revenue	$1.520B	$1.443B	$619.5M	$747.4M	$692.6M	$635.4M	$657.0M	$680.1M	$540.4M	$1.121B	$1.305B	$856.1M	$862.3M
Cost Of Revenue	$430.3M	$459.5M	$240.9M	$227.9M	$267.7M	$285.5M	$268.4M	$438.6M	$304.5M	$1.214B	$1.224B	$676.3M	$619.7M
Gross Profit	$1.090B	$983.9M	$378.6M	$519.4M	$424.9M	$349.8M	$388.6M	$241.5M	$235.9M	-$92.77M	$81.03M	$179.8M	$242.5M
Gross Profit Margin	71.7%	68.17%	61.11%	69.5%	61.34%	55.06%	59.15%	35.51%	43.65%	-8.27%	6.21%	21.0%	28.13%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2012	2011	2010	2009
Selling, General & Admin	$82.93M	$55.01M	$51.54M	$50.77M	$47.72M	$47.83M	$45.01M	$41.41M	$29.19M	$67.22M	$71.22M	$78.16M	$78.19M
YoY Change	50.77%	6.72%	1.51%	6.39%	-0.21%	6.26%	8.7%	41.87%		-5.62%	-8.88%	-0.04%
% of Gross Profit	7.61%	5.59%	13.61%	9.77%	11.23%	13.67%	11.58%	17.14%	12.37%		87.89%	43.48%	32.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$149.3M	$139.0M	$130.9M	$121.9M	$110.1M	$114.5M	$114.5M	$122.2M	$67.33M	$138.2M	$144.8M	$141.4M	$132.8M
YoY Change	7.4%	6.25%	7.32%	10.71%	-3.81%	0.03%	-6.35%	81.52%		-4.56%	2.42%	6.5%
% of Gross Profit	13.7%	14.13%	34.56%	23.47%	25.92%	32.72%	29.45%	50.6%	28.54%		178.74%	78.67%	54.75%
Operating Expenses	$441.9M	$390.1M	$372.5M	$370.3M	$333.7M	$344.8M	$348.2M	$163.9M	$93.11M	$204.5M	$212.9M	$214.8M	$203.6M
YoY Change	13.27%	4.72%	0.61%	10.94%	-3.2%	-0.99%	112.43%	76.05%		-3.94%	-0.88%	5.48%
Operating Profit	$648.2M	$593.8M	$6.100M	$149.2M	$91.13M	$5.081M	$40.36M	$77.61M	$142.8M	-$297.3M	-$131.8M	-$35.03M	$38.88M
YoY Change	9.17%	9634.46%	-95.91%	63.69%	1693.6%	-87.41%	-47.99%	-45.63%		125.46%	276.39%	-190.1%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2012	2011	2010	2009
Interest Expense	-$42.30M	-$45.01M	-$40.70M	-$47.84M	-$37.12M	-$32.31M	-$32.20M	-$29.12M	-$14.40M	-$72.26M	-$52.99M	-$59.39M	-$48.97M
YoY Change	-6.02%	10.58%	-14.92%	28.88%	14.89%	0.35%	10.55%	102.28%		36.37%	-10.78%	21.28%
% of Operating Profit	-6.53%	-7.58%	-667.28%	-32.07%	-40.73%	-635.92%	-79.77%	-37.53%	-10.09%				-125.95%
Other Income/Expense, Net	-$4.299M	$407.0K	-$1.541M	-$1.778M	-$2.385M	-$3.543M	-$4.145M	-$5.219M	-$1.334M	-$67.73M	-$14.02M	-$8.690M	-$22.10M
YoY Change	-1156.27%	-126.41%	-13.33%	-25.45%	-32.68%	-14.52%	-20.58%	291.23%		383.1%	61.33%	-60.68%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2012	2011	2010	2009
Pretax Income	$652.0M	$556.7M	-$40.75M	$89.53M	$166.8M	-$33.22M	$3.184M	-$141.7M	$127.0M	-$579.1M	-$451.4M	-$136.2M	-$19.05M
YoY Change	17.13%	-1466.21%	-145.51%	-46.33%	-602.11%	-1143.37%	-102.25%	-211.58%		28.29%	231.31%	615.17%
Income Tax	$4.035M	-$5.911M	$1.344M	$1.415M	$784.0K	$1.558M	$777.0K	$760.0K	$1.041M	$1.560M	$1.620M	-$980.0K	-$1.690M
% Of Pretax Income	0.62%	-1.06%		1.58%	0.47%		24.4%		0.82%
Net Earnings	$648.0M	$562.6M	-$42.09M	$88.11M	$166.0M	-$34.78M	$2.407M	-$142.5M	$126.0M	-$580.6M	-$453.0M	-$135.3M	-$17.36M
YoY Change	15.17%	-1436.69%	-147.77%	-46.93%	-577.36%	-1544.91%	-101.69%	-213.1%		28.17%	234.92%	679.15%
Net Earnings / Revenue	42.62%	38.98%	-6.79%	11.79%	23.97%	-5.47%	0.37%	-20.95%	23.31%	-51.79%	-34.71%	-15.8%	-2.01%
Basic Earnings Per Share
Diluted Earnings Per Share	$7.75	$6.92	-$538.9K	$1.186M	$2.244M	-$475.8K	$38.82K	-$2.265M	$2.461M	-$3.258M	-$6.518M	-$1.952M	-$250.9K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2012	2011	2010	2009
Cash & Short-Term Investments	$265.5M	$323.8M	$171.7M	$135.6M	$72.48M	$127.4M	$134.2M	$75.97M	$168.3M	$28.33M	$85.55M	$120.0M	$122.2M
YoY Change	-18.0%	88.55%	26.68%	87.03%	-43.09%	-5.1%	76.66%	-54.85%		-66.88%	-28.69%	-1.84%
Cash & Equivalents	$265.5M	$323.8M	$171.7M	$135.6M	$72.48M	$127.4M	$134.2M	$75.97M	$168.3M	$28.33M	$85.55M	$120.0M	$121.8M
Short-Term Investments													$400.0K
Other Short-Term Assets	$130.1M	$10.37M	$27.14M	$6.681M	$13.10M	$12.75M	$18.57M	$6.324M	$7.523M	$152.5M	$38.57M	$22.79M	$60.61M
YoY Change	1154.47%	-61.79%	306.23%	-48.98%	2.69%	-31.34%	193.67%	-15.94%		295.26%	69.24%	-62.4%
Inventory	$61.74M	$72.03M	$48.81M	$22.46M	$34.84M	$39.40M	$33.20M	$31.62M	$25.56M	$72.54M	$84.55M	$41.09M	$24.62M
Prepaid Expenses
Receivables	$211.0M	$259.5M	$83.97M	$58.57M	$89.83M	$86.00M	$71.28M	$62.53M	$83.09M	$117.3M	$140.2M	$108.2M	$62.08M
Other Receivables	$22.90M	$74.03M	$31.67M	$20.38M	$5.668M	$3.788M	$4.187M	$4.834M	$4.191M	$13.93M	$20.43M	$10.32M	$14.13M
Total Short-Term Assets	$691.3M	$739.7M	$363.3M	$243.7M	$215.9M	$269.3M	$261.5M	$181.3M	$288.6M	$384.6M	$369.3M	$302.4M	$283.7M
YoY Change	-6.55%	103.6%	49.11%	12.85%	-19.82%	3.0%	44.23%	-37.19%		4.14%	22.12%	6.6%
Property, Plant & Equipment	$2.170B	$1.865B	$1.961B	$1.748B	$1.782B	$1.445B	$1.385B	$1.390B	$1.567B	$1.956B	$2.338B	$2.800B	$2.679B
YoY Change	16.35%	-4.88%	12.15%	-1.89%	23.33%	4.35%	-0.35%	-11.32%		-16.35%	-16.51%	4.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$77.00K	$273.0K	$1.474M	$1.589M	$1.170M	$76.00K	$329.0K	$326.0K	$339.0K	$13.37M	$61.87M	$81.89M	$134.7M
YoY Change	-71.79%	-81.48%	-7.24%	35.81%	1439.47%	-76.9%	0.92%	-3.83%		-78.39%	-24.45%	-39.19%
Other Assets	$432.0K	$555.0K	$651.0K	$344.0K							$8.200M	$10.30M	$38.77M
YoY Change	-22.16%	-14.75%	89.24%								-20.39%	-73.43%
Total Long-Term Assets	$2.179B	$1.874B	$1.968B	$1.755B	$1.788B	$1.445B	$1.385B	$1.390B	$1.579B	$1.971B	$2.410B	$2.984B	$2.944B
YoY Change	16.24%	-4.74%	12.12%	-1.84%	23.73%	4.33%	-0.35%	-11.96%		-18.22%	-19.23%	1.37%
Total Assets	$2.870B	$2.614B	$2.331B	$1.999B	$2.004B	$1.714B	$1.647B	$1.571B	$1.867B	$2.355B	$2.779B	$3.286B	$3.227B
YoY Change
Accounts Payable	$40.05M	$48.50M	$35.33M	$14.35M	$47.12M	$35.12M	$26.15M	$28.50M	$22.28M	$83.77M	$115.6M	$47.98M	$24.99M
YoY Change	-17.43%	37.27%	146.22%	-69.55%	34.16%	34.31%	-8.24%	27.89%		-27.5%	140.83%	92.0%
Accrued Expenses	$44.10M	$30.60M	$29.20M	$34.20M	$32.40M	$29.80M	$30.00M	$25.60M	$34.80M	$15.30M	$10.20M	$11.40M	$15.20M
YoY Change	44.12%	4.79%	-14.62%	5.56%	8.72%	-0.67%	17.19%	-26.44%		50.0%	-10.53%	-25.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$172.7M	$117.1M	$209.0M	$102.9M	$99.03M	$94.42M	$94.62M	$89.28M	$49.35M	$810.0K	$1.843B	$213.3M	$143.3M
YoY Change	47.44%	-43.95%	103.15%	3.87%	4.87%	-0.21%	5.98%	80.9%		-99.96%	763.93%	48.83%
Total Short-Term Liabilities	$265.5M	$206.4M	$307.2M	$196.7M	$194.9M	$167.1M	$156.1M	$151.8M	$115.9M	$134.2M	$2.046B	$335.1M	$262.6M
YoY Change	28.64%	-32.81%	56.17%	0.91%	16.65%	7.04%	2.85%	30.98%		-93.44%	510.47%	27.62%
Long-Term Debt	$886.9M	$849.8M	$926.5M	$739.5M	$756.4M	$655.2M	$654.5M	$593.9M	$730.5M	$1.895B	$29.36M	$1.781B	$1.661B
YoY Change	4.36%	-8.27%	25.27%	-2.22%	15.44%	0.1%	10.2%	-18.69%		6355.65%	-98.35%	7.25%
Other Long-Term Liabilities	$3.015M	$3.038M								$5.220M	$6.410M		$1.950M
YoY Change	-0.76%									-18.56%
Total Long-Term Liabilities	$889.9M	$852.9M	$926.5M	$739.5M	$756.4M	$655.2M	$654.5M	$593.9M	$730.5M	$1.901B	$35.77M	$1.781B	$1.663B
YoY Change	4.34%	-7.94%	25.27%	-2.22%	15.44%	0.1%	10.2%	-18.69%		5213.39%	-97.99%	7.12%
Total Liabilities	$1.206B	$1.113B	$1.279B	$981.2M	$996.2M	$867.2M	$855.5M	$790.7M	$891.5M	$2.088B	$2.135B	$2.171B	$1.981B
YoY Change	8.38%	-12.98%	30.34%	-1.51%	14.88%	1.36%	8.2%	-11.31%		-2.22%	-1.63%	9.61%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2012	2011	2010	2009
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $21.174 Billion

About TORM plc

TORM Plc engages in the business of transporting clean and dirty petroleum products. The firm owns and operates a fleet of product tankers. The Company’s segments include the Tanker segment, for which the services provided primarily comprise transportation of refined oil products, such as gasoline, jet fuel, and naphtha, and the Marine Exhaust segment, for which the services provided primarily comprise developing and producing advanced and green marine equipment. The Company’s wholly owned fleet of around 90 vessels is specifically configured to move energy and clean petroleum products from refineries to their customers. With vessels varying in size from 45,000 - 115,000 deadweight tonnage (DWT), it offers a range of product tankers. The company is present in all large vessel classes in the product tanker market, with specific focus on the LR2, LR1, and MR vessel classes. Its vessels include TORM Hannah, TORM Hellerup, TORM Helene, TORM Hermia, TORM Signe, TORM Elizabeth, TORM Platte, TORM India, TORM Lilly, among others.

Industry: Deep Sea Foreign Transportation of Freight Peers: KNOT Offshore Partners LP Navigator Holdings Ltd.