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Stock

TORM

TRMD
75
Marine Shipping · Industrials
Also trades as: 0RG4.L GBP 2.64 (+0.23%)
Price
$39.62
+1.08 (+2.82%)
Market Cap
$4.05B
Exchange
NASDAQ
Winston Score
75
Winston is happy
A high-quality business with solid fundamentals.
Data as of Oct 23, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Strong
25/30
Growth
Good
12/20
Cash Flow
Strong
8/10
Stability
Strong
8/10
Valuation
Strong
7/10
Ownership
Good
10/15
Dividends
Exceptional
5/5

75 of 100 counted points = Winston Score 75.

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Share count rising — dilution

+28.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 78.1M (2021) → 100.1M (2025)

§Winston Score History

The full picture

TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. The company transports gasoline, jet fuel, and naphtha. As of March 23, 2022, it operated a fleet of approximately 85 vessels. The company was founded in 1889 and is headquartered in London, the United Kingdom.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+106.0% YoY

YoY Growth Rate

Revenue accelerating

Reported EPS Growth

+440.0% YoY

Quarterly reporting periods ended:

30 Jun 2025: $0.60

30 Jun 2026: $3.24

Reported/statutory EPS, not adjusted or underlying earnings. One-off items can affect this figure. Provider rounding can affect the growth rate.

YoY Growth Rate

Reported EPS increased year over year

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

30.7%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Position

Cash flow positive

$374M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

TORM grew revenue 106% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
57.3%
Premium pricing power — 57.3% gross margin
Profit after running costs
Operating Margin
53.6%
Excellent — 53.6% operating margin
Return on the money invested
ROCE
18.8%
Strong — 18.8% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+31.9%
Fast-growing sales (+31.9% YoY)
Profit growth
EPS YoY
+77.8%
Earnings growing fast (+77.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
112%
Turns 112% of profit into real cash
Spare cash per sale
FCF Margin
10.7%
Modest free cash flow (10.7%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
0.42
Conservative — low debt load (0.42)
Covers its interest
Interest Cover
8.97x
Comfortably covers interest (9.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
6.5x
Attractive valuation — P/E 6.5

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
+0.2
GROWING
Earnings roughly flat

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Dividends

Dividend
Dividend Yield
25.13%
Healthy income — 25.13% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+70.0%
Dividend growing fast (70.0% YoY)
Payout Ratio
39%
no trend
Pays out a modest share of profit and keeps the rest to reinvest. Room to keep paying through a weak year.

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