TORM: Robust Fundamentals And High Dividends [Seeking Alpha]
TORM plc - Class A (TRMD)
US:NASDAQ Investor Relations:
investors.torm.com/investor-relations
Company Research
Source: Seeking Alpha
The company is well-positioned to take advantage of the attractive product tanker market fundamentals underpinned by increasing oil demand, shifting trade routes, and refinery dislocations. TORM offers an attractive investment opportunity with favorable valuation, high FCF generation, and hefty capital returns. We present our note on TORM plc ( NASDAQ: TRMD ), a leading global product tanker company with a buy rating. We are drawn by the favorable industry backdrop, high FCF generation, attractive valuation, and hefty capital returns. We will provide an overview of the firm, discuss the main value drivers and risks, value the equity, and lay out the investment case. A brief overview of TORM TORM is an international pure-play product tanker company that transports refined oil products and chemicals. The company operates a modern well-maintained fleet of more than 85 tankers, of which the majority are scrubber-fitted with eco-design. It has a presence in all larger vessel class
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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