TORM plc: A Luring Dividend Yield And Skewed Risk Reward (Rating Downgrade) [Seeking Alpha]
TORM plc - Class A (TRMD)
US:NASDAQ Investor Relations:
investors.torm.com/investor-relations
Company Research
Source: Seeking Alpha
The company pays dividends with excellent yield: 16.2% FWD yield and 20.9% TTM yield. For 4Q23, TRMD will distribute a dividend of $1.36/share. Considering the shipping investors' triad (fleet quality, PNAV, and LTV), TRMD is expensive. TORM plc is a great stock pick for income-minded investors; however, the risk-reward at the current price is not skewed in investors' favor. My verdict is a hold rating. Note: I previously covered TORM plc ( NASDAQ: TRMD ). In my previous take on TRMD, I pointed out the company's strengths: its MR focused fleet, strong balance sheet, dividend policy, and product tankers market catalysts. Today, I will dissect FY23 figures, update the company's valuation and rating. Product tankers market Overview Product tankers are in the second stage of their expansion cycle ahead of crude oil tankers, bulk carriers, and OSVs. The table below from 2023 annual report shows the size of the product tankers' order book. The total clean tanker order book for
Show less
Read more
Impact Snapshot
Event Time:
TRMD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TRMD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TRMD alerts
High impacting TORM plc - Class A news events
Weekly update
A roundup of the hottest topics
TRMD
Analyst Actions
- 3/8/24 - Evercore ISI Group
TRMD
Sec Filings
- 4/26/24 - Form 6-K
- 4/11/24 - Form 6-K
- 4/9/24 - Form 6-K
- TRMD's page on the SEC website