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TRMD / TORM: Positive Market Conditions Coupled With Solid Financials Bring Profit

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. Read More

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TRMD

Posted: Jun 5 2023, 03:20

Author Name: Seeking Alpha

TRMD News

By Seeking Alpha
October 28, 2023

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

Shipping vessel rates remain high due to rising energy prices and major displacement, benefiting companies like TORM plc. TORM looks very undervalued

By Seeking Alpha
October 22, 2023

TORM: The Comeback Is Unfolding

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 ta

By Seeking Alpha
October 2, 2023

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

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

By Seeking Alpha
September 18, 2023

TORM - Potential Dividend Machine

TORM is a Danish shipping company with a focus on transporting refined oil products and a history of distributing dividends to shareholders. They own

By Seeking Alpha
September 16, 2023

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

Global growth outlook improves, despite concerning data trends in China. TORM plc operates as a shipping company, benefiting from increased demand in

By Seeking Alpha
September 12, 2023

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

TORM plc, a leading tanker operator, has benefited from high utilization rates and improved financials despite geopolitical events and OPEC+ productio

By Seeking Alpha
August 17, 2023

TORM plc (TRMD) Q2 2023 Earnings Call Transcript

TORM plc (NASDAQ:TRMD ) Q2 2023 Earnings Call Transcript August 17, 2023 9:00 AM ET Company Participants Andreas Abildgaard-Hein - Head, IR Jacob Meld

By Seeking Alpha
June 5, 2023

TORM: Positive Market Conditions Coupled With Solid Financials Bring Profit

TORM, a leading global owner and operator of tankers, experienced its highest-ever yearly earnings in 2022 with a net profit of $365 million, primaril

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