15 NASDAQ Stocks with the Lowest P/E Ratios

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12. TORM plc (NASDAQ:TRMD)

Forward P/E ratio: 6.71

No. of Hedge Fund Holders: 11

TORM plc (NASDAQ:TRMD) is a shipping company, which owns and operates a fleet of product tankers in the U.K. TORM primarily transports petroleum products such as gasoline, kerosene, and jet fuel through water-based routes. TRMD has suffered due to the challenges in the recent past as a result of market weakness.

Despite the seasonal fluctuations in freight rates, TORM plc (NASDAQ:TRMD) did exceptionally well in 2024. In the recent Q4 2024 earnings report, the company announced that it achieved a new all-time high in Time Charter Equivalent (TCE) earnings of $1.135 billion in 2024. TORM posted a net profit of $612 million and a return on invested capital of 24.3% for FY2024.

TORM has a competitive advantage due to fleet efficiency, disciplined cost management, and a well-executed commercial strategy. The company continues to invest in fleet growth and modernization. It is focused on large, fuel-efficient vessel classes that place it well to capture higher freight rates and serve growing global markets. TORM plc is committed to sustainability as it achieved a 40% reduction in carbon intensity in 2024, meeting the IMO 2030 target ahead of schedule.

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