Company Valuation: Frontline plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,439 2,703 4,464 3,159 4,858 8,796 - -
Change - 87.82% 65.16% -29.23% 53.77% 81.07% - -
Enterprise Value (EV) 1 3,688 4,606 7,607 6,487 7,674 11,424 11,414 11,137
Change - 24.88% 65.17% -14.72% 18.29% 48.87% -0.09% -2.43%
P/E ratio -118x 5.49x 6.8x 6.36x 12.8x 7.28x 12.5x 10.4x
PBR 0.87x 1.15x 1.96x 1.35x 1.93x 3.21x 3.27x 3.28x
PEG - -0x 0.2x -0.3x -0.5x 0x -0.3x 0.5x
Capitalization / Revenue 4.03x 3.28x 3.77x 2.47x 3.99x 4.14x 5.2x 5.55x
EV / Revenue 10.3x 5.58x 6.43x 5.08x 6.3x 5.38x 6.75x 7.03x
EV / EBITDA 23.1x 7.89x 7.78x 5.79x 8.28x 6.1x 8.99x 9.26x
EV / EBIT 302x 10.3x 10.2x 8.3x 12.8x 6.75x 12.2x 12.8x
EV / FCF -12.3x 93x -9.81x -36.3x 10.8x 9.51x 15.4x 11.4x
FCF Yield -8.14% 1.08% -10.2% -2.76% 9.22% 10.5% 6.5% 8.75%
Dividend per Share 2 - 1.22 2.17 1.78 1.76 4.988 3.456 3.816
Rate of return - 10% 10.8% 12.5% 8.07% 12.6% 8.75% 9.66%
EPS 2 -0.06 2.21 2.95 2.23 1.7 5.428 3.171 3.816
Distribution rate - 55.2% 73.6% 79.8% 104% 91.9% 109% 100%
Net sales 1 356.7 824.7 1,184 1,277 1,217 2,123 1,690 1,585
EBITDA 1 160 583.8 977.6 1,121 927.2 1,873 1,270 1,203
EBIT 1 12.22 445.6 746.7 781.7 598.8 1,693 937 870.8
Net income 1 -11.15 472.7 656.4 495.6 379.1 1,467 782.8 710.9
Net Debt 1 2,249 1,903 3,143 3,328 2,816 2,628 2,618 2,341
Reference price 2 7.07 12.14 20.05 14.19 21.82 39.51 39.51 39.51
Nbr of stocks (in thousands) 203,531 222,623 222,623 222,623 222,623 222,623 - -
Announcement Date 17/02/22 28/02/23 29/02/24 28/02/25 27/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.28x5.38x6.1x12.62% 8.8B
9.51x4.01x8.49x5.74% 17.8B
5.76x3.79x6x12.99% 4.54B
6.37x2.34x3.71x2.19% 3.87B
11.98x - - 3.4% 3.44B
6.44x3.37x4.25x12.84% 3.09B
5.39x4.74x5.46x15.88% 3.06B
6.4x5.61x7.22x14.24% 2.21B
19.3x9.46x13.03x9.17% 1.77B
9.32x4.66x7.36x7.07% 1.72B
Average 8.77x 4.82x 6.85x 9.61% 5.03B
Weighted average by Cap. 8.47x 4.42x 7.00x 8.76%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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