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 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,532 1,230 1,439 2,703 4,464 5,298 - -
Enterprise Value (EV) 1 4,410 3,245 3,688 4,606 7,607 8,472 7,988 7,453
P/E ratio 16.5 x 2.98 x -118 x 5.49 x 6.8 x 6.99 x 6.65 x 7.46 x
Yield 3.89% 25.7% - 10% 10.8% 11.1% 13.7% 13.1%
Capitalization / Revenue 4.51 x 1.42 x 4.03 x 3.28 x 3.77 x 3.4 x 3.07 x 3.1 x
EV / Revenue 7.85 x 3.74 x 10.3 x 5.58 x 6.43 x 5.43 x 4.63 x 4.35 x
EV / EBITDA 11.9 x 5.02 x 23.1 x 7.89 x 7.78 x 6.65 x 6.01 x 5.55 x
EV / FCF 49.2 x -27 x -12.3 x 93 x -9.81 x 25.5 x 7.59 x 7.45 x
FCF Yield 2.03% -3.71% -8.14% 1.08% -10.2% 3.91% 13.2% 13.4%
Price to Book 1.68 x 0.76 x 0.87 x 1.15 x 1.96 x 2.43 x 2.27 x 2.47 x
Nbr of stocks (in thousands) 196,894 197,692 203,531 222,623 222,623 222,623 - -
Reference price 2 12.86 6.220 7.070 12.14 20.05 23.80 23.80 23.80
Announcement Date 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 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 561.8 868.1 356.7 824.7 1,184 1,559 1,725 1,712
EBITDA 1 369.2 646.6 160 583.8 977.6 1,273 1,329 1,342
EBIT 1 251.3 507.8 12.22 445.6 746.7 937 1,010 1,003
Operating Margin 44.73% 58.5% 3.42% 54.04% 63.08% 60.09% 58.52% 58.62%
Earnings before Tax (EBT) 1 140.3 413 -6.515 475.9 656.6 726.4 747.2 725
Net income 1 139.9 412.9 -11.15 472.7 656.4 733.4 741.6 710.5
Net margin 24.9% 47.56% -3.13% 57.32% 55.46% 47.03% 42.98% 41.51%
EPS 2 0.7800 2.090 -0.0600 2.210 2.950 3.405 3.578 3.191
Free Cash Flow 1 89.62 -120.3 -300.1 49.52 -775.2 331.7 1,053 1,000
FCF margin 15.95% -13.85% -84.14% 6% -65.5% 21.27% 61.01% 58.42%
FCF Conversion (EBITDA) 24.27% - - 8.48% - 26.05% 79.2% 74.5%
FCF Conversion (Net income) 64.06% - - 10.47% - 45.22% 141.96% 140.75%
Dividend per Share 2 0.5000 1.600 - 1.220 2.170 2.645 3.266 3.127
Announcement Date 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 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 2025 Q1
Net sales 1 68.96 100.7 103.8 159.2 208.8 352.8 338.5 512.8 232 256.9 360.4 335.1 330.9 477.7 399.4
EBITDA 1 17.94 57.02 53.52 99.27 148.4 286.9 282.1 310.1 173 198.1 308.1 267.1 269.9 370 313.8
EBIT 1 -19.24 18.43 22.93 62.9 110.6 249.2 240.9 253 114.8 138 232.7 190.3 189.5 300.2 231.8
Operating Margin -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% 58.04%
Earnings before Tax (EBT) 1 -33.19 24.44 31.14 47.12 154.6 243.1 199.4 230.8 107.7 118.6 188.7 115.9 114.5 221.9 195.8
Net income 1 -33.21 19.78 31.15 47.1 154.4 240 199.6 230.7 107.7 118.4 222.2 124.8 133.4 260.4 172.9
Net margin -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% 43.29%
EPS 2 -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 0.5700
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 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 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,878 2,015 2,249 1,903 3,143 3,173 2,690 2,154
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.087 x 3.116 x 14.06 x 3.259 x 3.215 x 2.492 x 2.024 x 1.605 x
Free Cash Flow 1 89.6 -120 -300 49.5 -775 332 1,053 1,000
ROE (net income / shareholders' equity) 10.5% 26.4% -0.68% 24.2% 28.9% 30.5% 31.1% 26.1%
ROA (Net income/ Total Assets) 4.13% 10.8% -0.28% 10.7% 12.3% 11.1% 10.2% 9.96%
Assets 1 3,386 3,808 4,018 4,438 5,326 6,593 7,304 7,135
Book Value Per Share 2 7.670 8.150 8.120 10.60 10.20 9.800 10.50 9.640
Cash Flow per Share 2 1.560 3.050 0.3200 1.800 3.850 4.230 4.040 -
Capex 1 196 724 462 336 1,631 899 21.5 24
Capex / Sales 34.88% 83.44% 129.64% 40.72% 137.84% 57.62% 1.25% 1.4%
Announcement Date 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