TRMD
Torm PLC Class A
NASDAQ: TRMD · ENERGY · OIL & GAS MIDSTREAM
$34.09
+1.21% today
Updated 2026-06-05
Market cap
$2.94B
P/E ratio
8.42
P/S ratio
2.08x
EPS (TTM)
$3.41
Dividend yield
9.76%
52W range
$15 – $35
Volume
0.9M
Torm PLC Class A (TRMD) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed TRMD price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$34.09
Today
Analyst consensus
$35.00
+2.67% · 12M
2030 Base
$3.61
-89.41% future
NPV today
$2.92
@ 5% WACC
4 analysts:
1 Buy2 Hold0 Sell
Management guidance
TORM raised FY2026 guidance to $1.15B–$1.45B (midpoint $1.30B, +3% YoY from $1.34B TTM as of May 2026). Q1 2026 delivered $402M revenue (+22% YoY) with net profit of $122M, demonstrating strong tanker market fundamentals driven by geopolitical factors (Strait of Hormuz closure, Red Sea disruptions). Management emphasized 'sustained profitable growth' and agile fleet renewal strategy (six MR vessel acquisitions), but provided no explicit guidance beyond 2026.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
TRMD · Torm PLC Class A · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$3.61
NPV today: $2.92
Base case (2030)
$3.61
NPV today: $2.92
Bull case (2030)
$13.24
NPV today: $10.71
WallStSmart.com
TRMD financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.0B | $0.9B | $0.9B | $1.0B |
| Revenue growth | -10.9% | -4.5% | -20.7% | -9.8% | 3.3% | 6.9% |
| Net margin | — | 30.9% | 21.4% | 18.7% | 19.9% | 21.3% |
| EPS | $2.77 | $3.85 | $2.10 | $1.65 | $1.80 | $2.05 |
| Diluted shares | — | 103M | 103M | 104M | 104M | 105M |
| Net debt | — | $665.67M | $656.64M | $648.49M | $640.08M | $631.09M |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $5.98 | $3.47 | $2.57 | $2.92 | $3.61 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $1.0B | $1.0B | $1.0B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 105M | 105M | 105M |
| Net debt | $631.09M | $631.09M | $631.09M |
| Implied P/E † | 2x | 2x | 7x |
| 2030 Price | $3.61 | $3.61 | $13.24 |
| NPV @ 5% | $2.92 | $2.92 | $10.71 |
† Implied P/E: Multiples remain elevated across all three scenarios because TRMD is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $3.61 base case
TRMD catalysts and risks
Growth catalysts
+ Tanker market rate normalization (currently elevated by geopolitical disruptions; rates will eventually moderate but remain above long-term average)
+ Fleet expansion and modernization (six new MR vessel acquisitions completing in 2026–2027; improved fuel efficiency and rate cards)
+ Sustained shipping demand from energy trade fragmentation (sanctions on Russian/Iranian crude, longer supply routes requiring more tanker-days)
+ Dividend growth and shareholder returns (58% payout ratio; historically aggressive with distributions in strong market cycles)
Key risks
- Tanker rates are cyclical and currently elevated by geopolitical factors; normalization of Hormuz/Red Sea routes will compress TCE revenue 15–35%
- Revenue projections are highly sensitive to spot tanker rates, not underlying volume growth; modeling assumes moderate rate normalization, not crash
- Analyst consensus shows revenue *declining* in 2027 (to $807M, −27% YoY) and 2028; this reflects sector-wide pessimism about post-disruption rate compression
- CEO insider selling (sold $17M+ in late May 2026) signals potential valuation concerns at current levels
- Slowdown in global crude trade growth post-2027 if geopolitical tensions ease and maritime routes normalize; limited organic volume growth story
Methodology · Torm PLC Class A 2030 stock forecast model
Torm PLC Class A 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 4 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (2% cumulative for TRMD by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($631.09M by 2030) |
| 3. Time value | NPV calculated using 5% WACC (CAPM: beta 0.036) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
TRMD price target FAQ
What is the TRMD price target for 2030?
WallStSmart's Torm PLC Class A 2030 base case is $3.61 per share, with a bull case of $13.24 and bear case of $3.61. The NPV of the base case discounted to today at 5% WACC is $2.92.
How is the Torm PLC Class A 2030 stock forecast calculated?
The TRMD 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the TRMD price target account for dilution?
Torm PLC Class A is projected to grow diluted share count from 102M to 105M by 2030 (a 2% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 2%.
What is the analyst consensus on TRMD stock?
4 analysts cover TRMD with an average 12-month price target of $35.00. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.