FRONTLINE PLC Financials Frontline plc Nasdaq Stockholm
Equities
FROO
BMG3682E1921
Oil & Gas Transportation Services
|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 253.3 NOK | -0.67% |
|
+1.72% | +25.21% |
| 06-04 | Crude oil tanker market grappling with ageing fleet, says Trafigura | RE |
| 05-30 | Transcript : Frontline plc, Q1 2024 Earnings Call, May 30, 2024 |
Valuation
| Fiscal Period: Dicembre | 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 | 8,435 | 7,950 | 7,501 |
| P/E ratio | 16.5 x | 2.98 x | -118 x | 5.49 x | 6.8 x | 6.63 x | 6.94 x | 7.7 x |
| Yield | 3.89% | 25.7% | - | 10% | 10.8% | 10.2% | 14.1% | 13.9% |
| Capitalization / Revenue | 4.51 x | 1.42 x | 4.03 x | 3.28 x | 3.77 x | 3.22 x | 3.15 x | 3.13 x |
| EV / Revenue | 7.85 x | 3.74 x | 10.3 x | 5.58 x | 6.43 x | 5.13 x | 4.73 x | 4.43 x |
| EV / EBITDA | 11.9 x | 5.02 x | 23.1 x | 7.89 x | 7.78 x | 6.16 x | 5.67 x | 5.21 x |
| EV / FCF | 49.2 x | -27 x | -12.3 x | 93 x | -9.81 x | 18.2 x | 7.47 x | 7.32 x |
| FCF Yield | 2.03% | -3.71% | -8.14% | 1.08% | -10.2% | 5.48% | 13.4% | 13.7% |
| Price to Book | 1.68 x | 0.76 x | 0.87 x | 1.15 x | 1.96 x | 2.59 x | 2.55 x | 2.82 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 | 20-02-27 | 21-02-19 | 22-02-17 | 23-02-28 | 24-02-29 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Dicembre | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 561.8 | 868.1 | 356.7 | 824.7 | 1,184 | 1,644 | 1,680 | 1,694 |
| EBITDA 1 | 369.2 | 646.6 | 160 | 583.8 | 977.6 | 1,368 | 1,401 | 1,441 |
| EBIT 1 | 251.3 | 507.8 | 12.22 | 445.6 | 746.7 | 1,024 | 1,050 | 898.6 |
| Operating Margin | 44.73% | 58.5% | 3.42% | 54.04% | 63.08% | 62.26% | 62.5% | 53.05% |
| Earnings before Tax (EBT) 1 | 140.3 | 413 | -6.515 | 475.9 | 656.6 | 797.9 | 783.3 | 692.9 |
| Net income 1 | 139.9 | 412.9 | -11.15 | 472.7 | 656.4 | 749.1 | 744.1 | 691.4 |
| Net margin | 24.9% | 47.56% | -3.13% | 57.32% | 55.46% | 45.55% | 44.28% | 40.82% |
| EPS 2 | 0.7800 | 2.090 | -0.0600 | 2.210 | 2.950 | 3.589 | 3.427 | 3.092 |
| Free Cash Flow 1 | 89.62 | -120.3 | -300.1 | 49.52 | -775.2 | 462.5 | 1,064 | 1,024 |
| FCF margin | 15.95% | -13.85% | -84.14% | 6% | -65.5% | 28.13% | 63.32% | 60.46% |
| FCF Conversion (EBITDA) | 24.27% | - | - | 8.48% | - | 33.8% | 75.94% | 71.07% |
| FCF Conversion (Net income) | 64.06% | - | - | 10.47% | - | 61.74% | 143% | 148.1% |
| Dividend per Share 2 | 0.5000 | 1.600 | - | 1.220 | 2.170 | 2.435 | 3.352 | 3.300 |
| Announcement Date | 20-02-27 | 21-02-19 | 22-02-17 | 23-02-28 | 24-02-29 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 100.7 | 103.8 | 159.2 | 208.8 | 352.8 | 338.5 | 512.8 | 232 | 256.9 | 371.2 | 379.5 | 369.9 | 494.5 | 388.3 | 316.8 |
| EBITDA 1 | 57.02 | 53.52 | 99.27 | 148.4 | 286.9 | 282.1 | 310.1 | 173 | 198.1 | 296.5 | 314.9 | 300.8 | 419.4 | 322.8 | 236.4 |
| EBIT 1 | 18.43 | 22.93 | 62.9 | 110.6 | 249.2 | 240.9 | 253 | 114.8 | 138 | 208.5 | 220.4 | 210.4 | 334.4 | 237.5 | 164.9 |
| Operating Margin | 18.31% | 22.09% | 39.52% | 52.95% | 70.63% | 71.16% | 49.33% | 49.45% | 53.74% | 56.17% | 58.09% | 56.87% | 67.63% | 61.16% | 52.04% |
| Earnings before Tax (EBT) 1 | 24.44 | 31.14 | 47.12 | 154.6 | 243.1 | 199.4 | 230.8 | 107.7 | 118.6 | 182.4 | 199.6 | 137.4 | 283.1 | 178.9 | 106.7 |
| Net income 1 | 19.78 | 31.15 | 47.1 | 154.4 | 240 | 199.6 | 230.7 | 107.7 | 118.4 | 180.8 | 176.1 | 148.1 | 260.3 | 179 | 106.7 |
| Net margin | 19.65% | 30.01% | 29.59% | 73.93% | 68.03% | 58.97% | 44.99% | 46.43% | 46.08% | 48.71% | 46.4% | 40.04% | 52.65% | 46.09% | 33.69% |
| EPS 2 | 0.1000 | 0.1500 | 0.2300 | 0.6900 | 1.080 | 0.9000 | 1.040 | 0.4800 | 0.5300 | 0.8100 | 0.7698 | 0.7606 | 1.158 | 0.5700 | 0.3800 |
| Dividend per Share 2 | - | - | 0.1500 | - | 0.7700 | 0.7000 | 0.8000 | 0.3000 | 0.3700 | - | 0.5849 | 0.5758 | 1.220 | - | - |
| Announcement Date | 22-02-17 | 22-05-24 | 22-08-25 | 22-11-30 | 23-02-28 | 23-05-31 | 23-08-24 | 23-11-30 | 24-02-29 | 24-05-30 | - | - | - | - | - |
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 | 3,136 | 2,652 | 2,202 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.087 x | 3.116 x | 14.06 x | 3.259 x | 3.215 x | 2.292 x | 1.893 x | 1.529 x |
| Free Cash Flow 1 | 89.6 | -120 | -300 | 49.5 | -775 | 463 | 1,064 | 1,024 |
| ROE (net income / shareholders' equity) | 10.5% | 26.4% | -0.68% | 24.2% | 28.9% | 33.8% | 37.2% | 35.6% |
| ROA (Net income/ Total Assets) | 4.13% | 10.8% | -0.28% | 10.7% | 12.3% | 12.1% | 12.7% | 12.9% |
| Assets 1 | 3,386 | 3,808 | 4,018 | 4,438 | 5,326 | 6,191 | 5,859 | 5,360 |
| Book Value Per Share 2 | 7.670 | 8.150 | 8.120 | 10.60 | 10.20 | 9.180 | 9.320 | 8.450 |
| Cash Flow per Share 2 | 1.560 | 3.050 | 0.3200 | 1.800 | 3.850 | 3.920 | 4.370 | 4.500 |
| Capex 1 | 196 | 724 | 462 | 336 | 1,631 | 915 | 20 | 31.7 |
| Capex / Sales | 34.88% | 83.44% | 129.64% | 40.72% | 137.84% | 55.63% | 1.19% | 1.87% |
| Announcement Date | 20-02-27 | 21-02-19 | 22-02-17 | 23-02-28 | 24-02-29 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
23.8
USD
Average target price
32.69
USD
Spread / Average Target
+37.37%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.23% | 8.34B | |
| +25.42% | 3.98B | |
| +24.12% | 2.81B | |
| +22.86% | 2.27B | |
| +12.03% | 1.79B | |
| -9.96% | 1.73B | |
| -6.02% | 1.46B | |
| +17.46% | 1.26B | |
| +44.21% | 1.21B |
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- Financials Frontline plc
