A Business at a Glance
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Frontline plc
FRO
$10.8B
Mkt Cap
$48.40
+2.52%
ITEM 4. INFORMATION ON THE COMPANY A. HISTORY AND DEVELOPMENT OF THE COMPANY The Company We are Frontline plc, an international shipping company incorporated in Cyprus as a public limited liability company (Company No. 442213). Our registered and principal executive offices are located at 8, John Kennedy Street, Iris House, Off. 740B, 3106 Limassol, Cyprus, and our telephone number at that address is + 35725-588767. At a Special General Meeting on December 20, 2022, the Company's shareholders agreed to redomicile the Company to the Republic of Cyprus under the name of Frontline plc (the “Redomiciliation”). The business, assets and liabilities of Frontline Ltd. and its subsidiaries prior to the Redomiciliation were the same as Frontline plc immediately after the Redomiciliation on a consolidated basis, as well as its fiscal year.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 2.2B | 2.2B | 1.8B | 1.4B | 749M | 1.2B |
| Net Income | 496M | 496M | 656M | 476M | -11M | 413M |
| EPS | $2.23 | $2.23 | $2.95 | $2.22 | $-0.06 | $2.09 |
| Free Cash Flow | -179M | -179M | -775M | 50M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 134M | 242M | 459M | 754M | 646M | 742M | 957M | 1.2B | 749M | 1.4B | 1.8B | 2.2B | 2.2B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 3.9M | 4.9M | 11M | 37M | 38M | 37M | 45M | 44M | 28M | N/A | N/A | N/A | N/A |
| EBIT | 66M | 121M | 287M | 177M | -196M | 83M | 240M | 508M | 12M | 446M | 747M | 782M | 782M |
| Op. Margin | 49.1% | 49.9% | 62.6% | 23.5% | -30.4% | 11.1% | 25.0% | 41.6% | 1.6% | 31.0% | 40.9% | 36.1% | 36.1% |
| Net Income | 69M | 149M | 155M | 117M | -265M | -8.9M | 140M | 413M | -11M | 476M | 656M | 496M | 496M |
| Net Margin | 51.9% | 61.8% | 33.7% | 15.5% | -41.0% | -1.2% | 14.6% | 33.8% | -1.5% | 33.1% | 35.9% | 22.9% | 22.9% |
| Non-Recurring | 104M | -16M | 0 | 0 | 114M | 0 | 0 | 6.9M | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 23.7% | 16.2% | 16.9% | 8.3% | -10.5% | 3.0% | 8.1% | 15.4% | 0.3% | 12.9% | 16.1% | 13.9% | 13.6% |
| ROE | 149.9% | 27.3% | 12.0% | 7.9% | -19.7% | -0.8% | 10.5% | 26.4% | -0.7% | 29.1% | 28.9% | 21.5% | 21.2% |
| ROA | 4.5% | 7.7% | 5.7% | 4.0% | -8.7% | -0.3% | 4.1% | 10.8% | -0.3% | 10.7% | 12.3% | 8.2% | 8.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 23M | 59M | 207M | 286M | 130M | 46M | 280M | 604M | 63M | 385M | 856M | 736M | 736M |
| Free Cash Flow | 23M | 59M | 207M | 286M | 130M | 46M | -258M | 604M | -411M | 50M | -775M | -179M | -179M |
| Owner Earnings | -2.4M | 26M | 155M | 145M | -11M | -37M | 161M | 465M | -85M | 220M | 625M | 397M | 397M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 538M | 0 | 474M | 336M | 1.6B | 915M | 915M |
| Maint. CapEx | 25M | 32M | 53M | 141M | 142M | 84M | 118M | 139M | 148M | 165M | 231M | 339M | 339M |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | 420M | N/A | 326M | 171M | 1.4B | 576M | 576M |
| D&A | 25M | 32M | 53M | 141M | 142M | 84M | 118M | 139M | 148M | 165M | 231M | 339M | 339M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 124.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 1.4M | 37M | 39M | 165M | 51M | 386K | 20M | 312M | 0 | 33M | 639M | 434M | 434M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4.0% |
| Share Buybacks | 0 | 50M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 161K | 581K | N/A | N/A | N/A | N/A | 1.1M | 200K | 300K | N/A | N/A | N/A | N/A |
| Debt Repayment | 94M | 199M | 427M | 170M | 84M | 172M | 185M | 922M | 220M | 598M | 537M | 1.9B | 1.9B |
| Balance Sheet | |||||||||||||
| Net Debt | 111M | 282M | 539M | 780M | 1.5B | 1.7B | 1.5B | 2.0B | 2.2B | 1.6B | 3.1B | 3.3B | 3.3B |
| Cash & Equiv. | 348M | 236M | 265M | 202M | 104M | 66M | 174M | 175M | 113M | 255M | 308M | 414M | 414M |
| Long-Term Debt | 436M | 474M | 746M | 915M | 1.5B | 1.6B | 1.3B | 2.0B | 2.1B | 2.1B | 3.2B | 3.3B | 3.3B |
| Debt/Equity | -17.03 | 0.46 | 0.56 | 0.65 | 1.34 | 1.49 | 1.13 | 1.33 | 1.40 | 0.93 | 1.52 | 1.60 | 1.60 |
| Interest Coverage | 5.5 | 16.3 | 16.3 | 3.1 | -2.8 | 0.9 | 2.5 | 7.0 | 0.2 | 9.8 | 4.4 | 2.6 | 2.6 |
| Equity | -27M | 1.1B | 1.4B | 1.5B | 1.2B | 1.2B | 1.5B | 1.6B | 1.7B | 2.3B | 2.3B | 2.3B | 2.3B |
| Total Assets | 1.4B | 2.5B | 2.9B | 3.0B | 3.1B | 3.1B | 3.7B | 3.9B | 4.1B | 4.8B | 5.9B | 6.2B | 6.2B |
| Total Liabilities | 1.4B | 1.1B | 1.4B | 1.5B | 1.9B | 1.9B | 2.2B | 2.3B | 2.5B | 2.5B | 3.6B | 3.9B | 3.9B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -734M | 156M | 81M | 34M | -273M | -295M | -155M | 8.0M | -3.1M | 429M | 446M | 507M | 507M |
| Working Capital | 129M | 200M | 225M | 201M | 100M | 94M | -400M | 97M | 40M | 489M | 319M | 230M | 230M |
| Current Assets | 260M | 437M | 467M | 384M | 322M | 308M | 448M | 378M | 333M | 881M | 728M | 826M | 826M |
| Current Liabilities | 131M | 237M | 242M | 183M | 222M | 214M | 848M | 281M | 293M | 392M | 409M | 596M | 596M |
| Per Share Data | |||||||||||||
| EPS | 0.44 | 0.85 | 0.99 | 0.75 | -1.56 | -0.05 | 0.78 | 2.09 | -0.06 | 2.22 | 2.95 | 2.23 | 2.23 |
| Owner EPS | -0.02 | 0.15 | 0.99 | 0.93 | -0.07 | -0.21 | 0.90 | 2.35 | -0.46 | 1.03 | 2.81 | 1.79 | 1.79 |
| Book Value | -0.17 | 6.39 | 9.25 | 9.61 | 6.99 | 6.55 | 8.41 | 8.16 | 8.90 | 10.55 | 10.23 | 10.53 | 10.53 |
| Cash Flow/Share | 0.14 | 0.33 | 1.33 | 1.83 | 0.77 | 0.26 | 1.56 | 3.06 | 0.34 | 1.80 | 3.85 | 3.31 | 3.76 |
| Dividends/Share | 0.01 | 0.21 | 0.25 | 1.05 | 0.30 | 0.00 | 0.10 | 1.60 | 0.00 | 0.16 | 2.87 | 1.95 | 1.95 |
| Shares Out. | 159.5M | 175.8M | 156.4M | 156.0M | 169.8M | 177.6M | 179.5M | 197.5M | 185.8M | 214.2M | 222.5M | 222.2M | 222.2M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 21.7 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 18.0 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4.6 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5.0 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -1.7% |
| Market Cap | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.8B |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 48.40 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 48.40 |
Frontline plc passes 4 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 11.7%. Total shareholder yield (dividends) is 4.0%.
Frontline plc (FRO) has a current P/E ratio of 21.7.
Frontline plc (FRO) has a 5-year average return on invested capital (ROIC) of 11.7%. This indicates solid capital allocation.
Frontline plc (FRO) has a market capitalization of $10.8B. It is classified as a large-cap stock.
Yes, Frontline plc (FRO) pays a dividend with a trailing twelve-month yield of 4.04%.
Frontline plc (FRO) operates in the Deep Sea Foreign Transportation Of Freight industry, within the Industrials sector.
Frontline plc (FRO) reported annual revenue of $2.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Frontline plc (FRO) has a net profit margin of 22.9%. This is a strong margin indicating high profitability.
Frontline plc (FRO) generated $-179 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
| -411M |
| 604M |
| ROIC | 13.6% | 13.9% | 16.1% | 12.9% | 0.3% | 15.4% |
|---|
| Gross Margin | - | - | - | - | - | - |
|---|
| Debt/Equity | 1.60 | 1.60 | 1.52 | 0.93 | 1.40 | 1.33 |
|---|
| Dividends/Share | $1.95 | $1.95 | $2.87 | $0.16 | $0.00 | $1.60 |
|---|
| Operating Income | 782M | 782M | 747M | 446M | 12M | 508M |
|---|
| Operating Margin | 36.1% | 36.1% | 40.9% | 31.0% | 1.6% | 41.6% |
|---|
| ROE | 21.2% | 21.5% | 28.9% | 29.1% | -0.7% | 26.4% |
|---|
| Shares Outstanding | 222M | 222M | 223M | 214M | 186M | 198M |
|---|
Frontline plc (FRO) has a debt-to-equity ratio of 1.60. This indicates higher leverage, which may increase financial risk.
Frontline plc (FRO) reported earnings per share (EPS) of $2.23 in its most recent fiscal year.
Frontline plc (FRO) has a return on equity (ROE) of 21.5%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 17 years of financial data for Frontline plc (FRO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Frontline plc (FRO) has a book value per share of $10.53, based on its most recent annual SEC filing.