Frontline Plc
Find Ratings ReportsFRONTLINE PLC's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the subsector, the net income growth did not.
During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 415.0 | 530.14 |
EBITDA ($mil) | 198.07 | 313.85 |
EBIT ($mil) | 138.05 | 260.29 |
Net Income ($mil) | 118.37 | 242.85 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 315.75 | 490.81 |
Total Assets ($mil) | 5882.77 | 4768.44 |
Total Debt ($mil) | 3459.0 | 2393.71 |
Equity ($mil) | 2277.82 | 2260.37 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 51.07 | 60.59 |
EBITDA Margin | 47.72 | 59.2 |
Operating Margin | 33.26 | 49.1 |
Sales Turnover | 0.31 | 0.3 |
Return on Assets | 11.15 | 10.05 |
Return on Equity | 28.82 | 21.21 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.78 | 2.25 |
Debt/Capital | 0.6 | 0.51 |
Interest Expense | 55.42 | 33.28 |
Interest Coverage | 2.49 | 7.82 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 222.62 | 222.62 |
Div / share | 0.3 | 0.0 |
EPS | 0.53 | 1.08 |
Book value / share | 10.23 | 10.15 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 2528158.0 | 3097246.0 |
BUY. FRONTLINE PLC's P/E ratio indicates a significant discount compared to an average of 19.67 for the Water Transportation subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 2.34 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 4.67. The price-to-sales ratio is above the S&P 500 average and well above the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, FRONTLINE PLC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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FRO 8.13 | Peers 19.67 | FRO 6.23 | Peers 5.71 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. FRO is trading at a significant discount to its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. FRO is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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FRO 6.99 | Peers 8.38 | FRO 0.16 | Peers 0.94 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. FRO is trading at a discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. FRO trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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FRO 2.34 | Peers 4.67 | FRO 35.94 | Peers 128.83 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. FRO is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, FRO is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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FRO 2.96 | Peers 1.81 | FRO 26.00 | Peers 47.97 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. FRO is trading at a significant premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. FRO significantly trails its peers on the basis of sales growth. |
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