Frontline Plc Stock Intrinsic Value – FRONTLINE PLC Reports Q2 FY2023 Earnings on August 24, 2023
August 31, 2023
🌥️Earnings Overview
FRONTLINE PLC ($NYSE:FRO) reported its second quarter FY2023 earnings results on August 24, 2023 showing total revenue of USD 512.8 million, a 70.7% increase compared to the same period in the prior year.
Market Price
The stock opened at $18.1 and closed at $18.0, up by 1.0% from the prior closing price of 17.8. The company’s revenues and profits both beat analysts’ estimates, showing a strong performance in the second quarter of the fiscal year. The stock price also rose by 1.0% in response to the earnings report, suggesting that investors are satisfied with the company’s performance in the second quarter. The company had previously reported similar strong results for the first quarter of FY2023, indicating that FRONTLINE PLC is on track for a successful fiscal year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Frontline Plc. More…
| Total Revenues | Net Income | Net Margin |
| 1.92k | 825.59 | 38.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Frontline Plc. More…
| Operations | Investing | Financing |
| 846.75 | -176.87 | -482.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Frontline Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.7k | 2.41k | 10.32 |
Key Ratios Snapshot
Some of the financial key ratios for Frontline Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.2% | 15.2% | 51.7% |
| FCF Margin | ROE | ROA |
| 27.4% | 27.5% | 13.2% |
Analysis – Frontline Plc Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of FRONTLINE PLC‘s wellbeing. Through our proprietary Valuation Line, we have determined the intrinsic value of FRONTLINE PLC share to be around $16.3. Currently, FRONTLINE PLC stock is trading at $18.0, which is a fair price that is overvalued by 10.6%. It is important to note that our analysis is based on data from the past and is not a guarantee of future performance. We encourage investors to make informed decisions and do additional research when considering any financial investments. More…
Peers
The company’s main competitors are DHT Holdings Inc, Teekay Tankers Ltd, and International Seaways Inc.
– DHT Holdings Inc ($NYSE:DHT)
DHT Holdings is a shipping company that owns and operates crude oil tankers. The company’s fleet consists of very large crude carriers (VLCCs) and Aframax tankers. DHT Holdings transports crude oil around the world.
DHT Holdings has a market cap of 1.55B as of 2022. The company has a Return on Equity of -0.32%.
– Teekay Tankers Ltd ($NYSE:TNK)
Teekay Tankers Ltd is a Bermuda-based holding company engaged in the ownership and operation of crude oil tankers. The Company’s operating segments include Aframax, Suezmax, VLCC and LR2/LR1. As of December 31, 2016, it had a fleet of 61 double-hull crude oil tankers, including 33 Aframax, four Suezmax, 21 LR2 and three LR1 tankers, with an average age of approximately seven years.
– International Seaways Inc ($NYSE:INSW)
International Seaways Inc is a leading global provider of seaborne transportation services. The company has a market cap of 2.2B as of 2022 and a Return on Equity of 0.16%. The company operates a fleet of vessels that transport crude oil, petroleum products, dry bulk commodities, and containers around the world. The company has a strong presence in the Americas, Europe, Asia, and the Middle East.
Summary
This represents an impressive improvement over the same period in the prior year, indicating that the company’s investments are paying off and may position them favorably for continued growth. Investors interested in FRONTLINE PLC should remain watchful of the company’s financial performance as they move into the second half of the fiscal year.
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