Financials Frontline plc Oslo Bors

Equities

FRO

CY0200352116

Oil & Gas Transportation Services

Market Closed - Oslo Bors 10:45:00 2024-04-26 am EDT 5-day change 1st Jan Change
258.5 NOK +2.74% Intraday chart for Frontline plc +0.82% +27.40%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 939 2,532 1,230 1,439 2,703 5,298 5,298 -
Enterprise Value (EV) 1 2,702 4,410 3,245 3,688 4,606 7,607 8,472 7,988
P/E ratio -111 x 16.5 x 2.98 x -118 x 5.49 x 6.8 x 6.99 x 6.65 x
Yield - 3.89% 25.7% - 10% 10.8% 11.1% 13.7%
Capitalization / Revenue 2.58 x 4.51 x 1.42 x 4.03 x 3.28 x 3.77 x 3.4 x 3.07 x
EV / Revenue 7.41 x 7.85 x 3.74 x 10.3 x 5.58 x 6.43 x 5.43 x 4.63 x
EV / EBITDA 13.3 x 11.9 x 5.02 x 23.1 x 7.89 x 7.78 x 6.65 x 6.01 x
EV / FCF -17.7 x 49.2 x -27 x -12.3 x 93 x -9.81 x 25.5 x 7.59 x
FCF Yield -5.66% 2.03% -3.71% -8.14% 1.08% -10.2% 3.91% 13.2%
Price to Book 0.81 x 1.68 x 0.76 x 0.87 x 1.15 x 1.96 x 2.43 x 2.27 x
Nbr of stocks (in thousands) 169,809 196,894 197,692 203,531 222,623 222,623 222,623 -
Reference price 2 5.530 12.86 6.220 7.070 12.14 23.80 23.80 23.80
Announcement Date 2/28/19 2/27/20 2/19/21 2/17/22 2/28/23 2/29/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 364.5 561.8 868.1 356.7 824.7 1,184 1,559 1,725
EBITDA 1 203.5 369.2 646.6 160 583.8 977.6 1,273 1,329
EBIT 1 80.96 251.3 507.8 12.22 445.6 746.7 937 1,010
Operating Margin 22.21% 44.73% 58.5% 3.42% 54.04% 63.08% 60.09% 58.52%
Earnings before Tax (EBT) 1 -8.082 140.3 413 -6.515 475.9 656.6 726.4 747.2
Net income 1 -8.9 139.9 412.9 -11.15 472.7 656.4 733.4 741.6
Net margin -2.44% 24.9% 47.56% -3.13% 57.32% 55.46% 47.03% 42.98%
EPS 2 -0.0500 0.7800 2.090 -0.0600 2.210 2.950 3.405 3.578
Free Cash Flow 1 -153 89.62 -120.3 -300.1 49.52 -775.2 331.7 1,053
FCF margin -41.99% 15.95% -13.85% -84.14% 6% -65.5% 21.27% 61.01%
FCF Conversion (EBITDA) - 24.27% - - 8.48% 41.77% 26.05% 79.2%
FCF Conversion (Net income) - 64.06% - - 10.47% 61.29% 45.22% 141.96%
Dividend per Share 2 - 0.5000 1.600 - 1.220 2.170 2.645 3.266
Announcement Date 2/28/19 2/27/20 2/19/21 2/17/22 2/28/23 2/29/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 79.96 68.96 100.7 103.8 159.2 208.8 352.8 338.5 512.8 232 256.9 360.4 335.1 330.9 477.7
EBITDA 1 25.13 17.94 57.02 53.52 99.27 148.4 286.9 282.1 310.1 173 198.1 308.1 267.1 269.9 370
EBIT 1 -11.69 -19.24 18.43 22.93 62.9 110.6 249.2 240.9 253 114.8 138 232.7 190.3 189.5 300.2
Operating Margin -14.62% -27.9% 18.31% 22.09% 39.52% 52.95% 70.63% 71.16% 49.33% 49.45% 53.74% 64.59% 56.8% 57.29% 62.84%
Earnings before Tax (EBT) 1 -26.66 -33.19 24.44 31.14 47.12 154.6 243.1 199.4 230.8 107.7 118.6 188.7 115.9 114.5 221.9
Net income 1 -26.63 -33.21 19.78 31.15 47.1 154.4 240 199.6 230.7 107.7 118.4 222.2 124.8 133.4 260.4
Net margin -33.31% -48.15% 19.65% 30.01% 29.59% 73.93% 68.03% 58.97% 44.99% 46.43% 46.08% 61.66% 37.25% 40.33% 54.51%
EPS 2 -0.1300 -0.1700 0.1000 0.1500 0.2300 0.6900 1.080 0.9000 1.040 0.4800 0.5300 1.036 0.6851 0.8009 1.381
Dividend per Share 2 - - - - 0.1500 - 0.7700 0.7000 0.8000 0.3000 0.3700 0.6250 0.5357 0.6766 1.406
Announcement Date 8/26/21 11/29/21 2/17/22 5/24/22 8/25/22 11/30/22 2/28/23 5/31/23 8/24/23 11/30/23 2/29/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 1,763 1,878 2,015 2,249 1,903 3,143 3,173 2,690
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 8.664 x 5.087 x 3.116 x 14.06 x 3.259 x 3.215 x 2.492 x 2.024 x
Free Cash Flow 1 -153 89.6 -120 -300 49.5 -775 332 1,053
ROE (net income / shareholders' equity) -1.98% 10.5% 26.4% -0.68% 24.2% 28.9% 30.5% 31.1%
ROA (Net income/ Total Assets) -0.75% 4.13% 10.8% -0.28% 10.7% 12.3% 11.1% 10.2%
Assets 1 1,186 3,386 3,808 4,018 4,438 5,326 6,593 7,304
Book Value Per Share 2 6.850 7.670 8.150 8.120 10.60 10.20 9.800 10.50
Cash Flow per Share 2 0.2700 1.560 3.050 0.3200 1.800 3.850 4.230 4.040
Capex 1 216 196 724 462 336 1,631 899 21.5
Capex / Sales 59.35% 34.88% 83.44% 129.64% 40.72% 137.84% 57.62% 1.25%
Announcement Date 2/28/19 2/27/20 2/19/21 2/17/22 2/28/23 2/29/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
23.8 USD
Average target price
28.37 USD
Spread / Average Target
+19.18%
Consensus