TORM plc (TRMD-A) - Net Assets
Based on the latest financial reports, TORM plc (TRMD-A) has net assets worth Dkr2.15 Billion DKK (≈ $336.81 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr3.20 Billion ≈ $500.30 Million USD) and total liabilities (Dkr1.04 Billion ≈ $163.50 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TORM plc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Dkr2.15 Billion |
| % of Total Assets | 67.32% |
| Annual Growth Rate | N/A |
| 5-Year Change | 103.92% |
| 10-Year Change | 112.59% |
| Growth Volatility | 1212.55 |
TORM plc - Net Assets Trend (1998–2024)
This chart illustrates how TORM plc's net assets have evolved over time, based on quarterly financial data. Also explore TORM plc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for TORM plc (1998–2024)
The table below shows the annual net assets of TORM plc from 1998 to 2024. For live valuation and market cap data, see market cap of TORM plc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Dkr2.07 Billion ≈ $324.62 Million |
+24.54% |
| 2023-12-31 | Dkr1.67 Billion ≈ $260.66 Million |
+10.79% |
| 2022-12-31 | Dkr1.50 Billion ≈ $235.26 Million |
+42.91% |
| 2021-12-31 | Dkr1.05 Billion ≈ $164.62 Million |
+3.41% |
| 2020-12-31 | Dkr1.02 Billion ≈ $159.19 Million |
+0.97% |
| 2019-12-31 | Dkr1.01 Billion ≈ $157.66 Million |
+18.94% |
| 2018-12-31 | Dkr847.21 Million ≈ $132.55 Million |
+7.10% |
| 2017-12-31 | Dkr791.05 Million ≈ $123.77 Million |
+1.34% |
| 2016-12-31 | Dkr780.58 Million ≈ $122.13 Million |
-20.02% |
| 2015-12-31 | Dkr975.98 Million ≈ $152.70 Million |
+695.13% |
| 2014-12-31 | Dkr-164.00 Million ≈ $-25.66 Million |
-239.32% |
| 2013-12-31 | Dkr117.71 Million ≈ $18.42 Million |
-55.97% |
| 2012-12-31 | Dkr267.34 Million ≈ $41.83 Million |
-58.48% |
| 2011-12-31 | Dkr643.85 Million ≈ $100.73 Million |
-42.27% |
| 2010-12-31 | Dkr1.12 Billion ≈ $174.50 Million |
-10.54% |
| 2009-12-31 | Dkr1.25 Billion ≈ $195.06 Million |
-2.52% |
| 2008-12-31 | Dkr1.28 Billion ≈ $200.10 Million |
+18.29% |
| 2007-12-31 | Dkr1.08 Billion ≈ $169.17 Million |
-15.58% |
| 2006-12-31 | Dkr1.28 Billion ≈ $200.40 Million |
+41.58% |
| 2005-12-31 | Dkr904.65 Million ≈ $141.54 Million |
+165.70% |
| 2004-12-31 | Dkr340.48 Million ≈ $53.27 Million |
+5659.20% |
| 2003-12-31 | Dkr5.91 Million ≈ $924.95K |
+106.23% |
| 2002-12-31 | Dkr-94.82 Million ≈ $-14.84 Million |
-275.02% |
| 2001-12-31 | Dkr54.18 Million ≈ $8.48 Million |
+118.84% |
| 2000-12-31 | Dkr-287.56 Million ≈ $-44.99 Million |
-193.56% |
| 1998-12-31 | Dkr-97.96 Million ≈ $-15.33 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TORM plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 147150000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr1.47 Billion | 70.95% |
| Other Components | Dkr602.50 Million | 29.05% |
| Total Equity | Dkr2.07 Billion | 100.00% |
TORM plc Competitors by Market Cap
The table below lists competitors of TORM plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Edgewise Therapeutics Inc
NASDAQ:EWTX
|
$3.24 Billion |
|
Xenon Pharmaceuticals Inc
NASDAQ:XENE
|
$3.24 Billion |
|
Ningxia Orient Tantalum Industry Co Ltd
SHE:000962
|
$3.24 Billion |
|
Towne Bank
NASDAQ:TOWN
|
$3.24 Billion |
|
Nien Made Enterprise Co Ltd
TW:8464
|
$3.24 Billion |
|
Fujian Kuncai Material Tech
SHG:603826
|
$3.24 Billion |
|
EXOSENS PROM
PA:EXENS
|
$3.24 Billion |
|
Shenzhen Senior Technology Material Co Ltd
SHE:300568
|
$3.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TORM plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,663,985,000 to 2,074,000,000, a change of 410,015,000 (24.6%).
- Net income of 612,500,000 contributed positively to equity growth.
- Dividend payments of 553,300,000 reduced retained earnings.
- Other comprehensive income decreased equity by 25,137,000.
- Other factors increased equity by 375,952,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr612.50 Million | +29.53% |
| Dividends Paid | Dkr553.30 Million | -26.68% |
| Other Comprehensive Income | Dkr-25.14 Million | -1.21% |
| Other Changes | Dkr375.95 Million | +18.13% |
| Total Change | Dkr- | 24.64% |
Book Value vs Market Value Analysis
This analysis compares TORM plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.59x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.04x to 9.59x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | Dkr5002.15 | Dkr204.40 | x |
| 2003-12-31 | Dkr8583.35 | Dkr204.40 | x |
| 2004-12-31 | Dkr16225.68 | Dkr204.40 | x |
| 2005-12-31 | Dkr19431.46 | Dkr204.40 | x |
| 2006-12-31 | Dkr27670.63 | Dkr204.40 | x |
| 2007-12-31 | Dkr23358.25 | Dkr204.40 | x |
| 2008-12-31 | Dkr27589.72 | Dkr204.40 | x |
| 2009-12-31 | Dkr27010.55 | Dkr204.40 | x |
| 2010-12-31 | Dkr24128.44 | Dkr204.40 | x |
| 2011-12-31 | Dkr13889.23 | Dkr204.40 | x |
| 2012-12-31 | Dkr2249.21 | Dkr204.40 | x |
| 2013-12-31 | Dkr244.66 | Dkr204.40 | x |
| 2014-12-31 | Dkr-7208.57 | Dkr204.40 | x |
| 2015-12-31 | Dkr18.88 | Dkr204.40 | x |
| 2016-12-31 | Dkr12.41 | Dkr204.40 | x |
| 2017-12-31 | Dkr12.76 | Dkr204.40 | x |
| 2018-12-31 | Dkr11.59 | Dkr204.40 | x |
| 2019-12-31 | Dkr13.62 | Dkr204.40 | x |
| 2020-12-31 | Dkr13.75 | Dkr204.40 | x |
| 2021-12-31 | Dkr13.47 | Dkr204.40 | x |
| 2022-12-31 | Dkr18.13 | Dkr204.40 | x |
| 2023-12-31 | Dkr19.19 | Dkr204.40 | x |
| 2024-12-31 | Dkr21.31 | Dkr204.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TORM plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 29.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.28%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.67x
- Recent ROE (29.53%) is above the historical average (0.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 22.79% | 11.37% | 2.00x | 1.00x | Dkr17.21 Million |
| 2001 | 27.01% | 14.57% | 0.77x | 2.41x | Dkr28.34 Million |
| 2002 | 27.65% | 24.40% | 1.13x | 1.00x | Dkr42.87 Million |
| 2003 | 42.65% | 54.51% | 0.78x | 1.00x | Dkr136.08 Million |
| 2004 | 52.76% | 87.86% | 0.60x | 1.00x | Dkr336.90 Million |
| 2005 | 33.09% | 50.84% | 0.33x | 2.00x | Dkr208.90 Million |
| 2006 | 18.31% | 38.80% | 0.29x | 1.63x | Dkr106.43 Million |
| 2007 | 73.22% | 96.35% | 0.28x | 2.74x | Dkr683.55 Million |
| 2008 | 28.25% | 30.88% | 0.35x | 2.59x | Dkr233.46 Million |
| 2009 | -1.39% | -2.04% | 0.26x | 2.59x | Dkr-142.03 Million |
| 2010 | -12.13% | -15.74% | 0.26x | 2.95x | Dkr-246.79 Million |
| 2011 | -70.36% | -34.34% | 0.47x | 4.32x | Dkr-517.39 Million |
| 2012 | -217.19% | -51.79% | 0.48x | 8.81x | Dkr-607.38 Million |
| 2013 | -137.83% | -16.35% | 0.49x | 17.06x | Dkr-174.00 Million |
| 2014 | 0.00% | -45.53% | 0.45x | 0.00x | Dkr-267.78 Million |
| 2015 | 12.91% | 23.31% | 0.29x | 1.91x | Dkr28.39 Million |
| 2016 | -18.25% | -20.95% | 0.43x | 2.01x | Dkr-220.55 Million |
| 2017 | 0.30% | 0.37% | 0.40x | 2.08x | Dkr-76.70 Million |
| 2018 | -4.11% | -5.47% | 0.37x | 2.02x | Dkr-119.50 Million |
| 2019 | 16.48% | 23.97% | 0.35x | 1.99x | Dkr65.25 Million |
| 2020 | 8.66% | 11.79% | 0.37x | 1.96x | Dkr-13.63 Million |
| 2021 | -4.00% | -6.80% | 0.27x | 2.22x | Dkr-147.32 Million |
| 2022 | 37.48% | 38.99% | 0.55x | 1.74x | Dkr412.62 Million |
| 2023 | 38.96% | 42.64% | 0.53x | 1.72x | Dkr481.87 Million |
| 2024 | 29.53% | 39.28% | 0.45x | 1.67x | Dkr405.10 Million |
Industry Comparison
This section compares TORM plc's net assets metrics with peer companies in the Oil & Gas Midstream industry.
No peer company data available for comparison.
About TORM plc
TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two segments, Tanker and Marine Engineering. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil. The Marine Engineering segment engages in developing and producing advan… Read more