Financials Frontline Corporation Limited

Equities

FRONTCORP6

INE092D01013

Ground Freight & Logistics

Market Closed - Bombay S.E. 11:00:58 10/06/2024 BST 5-day change 1st Jan Change
38 INR +2.70% Intraday chart for Frontline Corporation Limited +3.54% -9.16%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 60 63 60 48.75 135 121.8
Enterprise Value (EV) 1 591.6 588.9 576.5 541.7 608.2 581.9
P/E ratio 3.1 x -18.8 x -6.06 x 4.24 x 9.28 x 4.48 x
Yield - - - - - -
Capitalization / Revenue 0.13 x 0.13 x 0.12 x 0.08 x 0.18 x 0.15 x
EV / Revenue 1.28 x 1.21 x 1.13 x 0.9 x 0.82 x 0.74 x
EV / EBITDA 20.9 x 45.9 x 79.2 x 19.4 x 21.4 x 17.9 x
EV / FCF -12.5 x 62.9 x 39.5 x 26 x 47.5 x 72.2 x
FCF Yield -8.02% 1.59% 2.53% 3.84% 2.1% 1.39%
Price to Book 0.81 x 0.89 x 1 x 0.68 x 1.57 x 1.07 x
Nbr of stocks (in thousands) 5,000 5,000 5,000 5,000 5,000 5,000
Reference price 2 12.00 12.60 12.00 9.750 27.00 24.35
Announcement Date 01/09/18 29/08/19 05/09/20 31/08/21 06/09/22 05/09/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 463.2 485 509.4 605.2 738.7 786.7
EBITDA 1 28.34 12.82 7.283 27.92 28.41 32.48
EBIT 1 13.48 -6.39 -12.14 7.814 10.92 16.55
Operating Margin 2.91% -1.32% -2.38% 1.29% 1.48% 2.1%
Earnings before Tax (EBT) 1 23.23 -5.139 -11.67 13.05 18.4 35.27
Net income 1 19.25 -3.339 -9.861 11.47 14.5 27.09
Net margin 4.16% -0.69% -1.94% 1.89% 1.96% 3.44%
EPS 2 3.867 -0.6708 -1.981 2.300 2.910 5.440
Free Cash Flow 1 -47.42 9.359 14.59 20.81 12.8 8.061
FCF margin -10.24% 1.93% 2.86% 3.44% 1.73% 1.02%
FCF Conversion (EBITDA) - 73.01% 200.37% 74.54% 45.07% 24.82%
FCF Conversion (Net income) - - - 181.51% 88.32% 29.75%
Dividend per Share - - - - - -
Announcement Date 01/09/18 29/08/19 05/09/20 31/08/21 06/09/22 05/09/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 532 526 516 493 473 460
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 18.76 x 41.03 x 70.91 x 17.65 x 16.66 x 14.17 x
Free Cash Flow 1 -47.4 9.36 14.6 20.8 12.8 8.06
ROE (net income / shareholders' equity) 30.1% -4.64% -15.2% 17.5% 18.4% 27.2%
ROA (Net income/ Total Assets) 1.12% -0.53% -1.06% 0.73% 1.07% 1.59%
Assets 1 1,713 634.7 932.1 1,560 1,357 1,700
Book Value Per Share 2 14.80 14.10 12.00 14.30 17.20 22.70
Cash Flow per Share 2 1.280 0.8800 2.100 2.580 1.550 1.410
Capex 1 40.9 2.71 22.3 4.46 6.79 12.8
Capex / Sales 8.84% 0.56% 4.38% 0.74% 0.92% 1.63%
Announcement Date 01/09/18 29/08/19 05/09/20 31/08/21 06/09/22 05/09/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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