Frontline（HF6）株式概要海運会社であるFrontline plcは、世界各地で石油・石油製品タンカーの所有・運航に従事している。 詳細HF6 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長2/6過去の実績2/6財務の健全性3/6配当金4/6報酬当社が推定した公正価値より65.3%で取引されている 収益は年間3.62%増加すると予測されています リスク分析利払いは収益で十分にカバーされない German市場と比較した過去 3 か月間の株価の変動4.66%の配当は利益で十分にカバーされていない すべてのリスクチェックを見るHF6 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€31.60116.9% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-265m2b2016201920222025202620282031Revenue US$1.2bEarnings US$233.7mAdvancedSet Fair ValueView all narrativesFrontline plc 競合他社Friedrich Vorwerk GroupSymbol: XTRA:VH2Market cap: €1.3bNational Shipping Company of Saudi ArabiaSymbol: SASE:4030Market cap: ر.س31.4bHess MidstreamSymbol: NYSE:HESMMarket cap: US$8.3bSouth BowSymbol: TSX:SOBOMarket cap: CA$10.7b価格と性能株価の高値、安値、推移の概要Frontline過去の株価現在の株価US$31.6052週高値US$36.3852週安値US$13.75ベータ0.0491ヶ月の変化-1.25%3ヶ月変化19.88%1年変化95.06%3年間の変化133.73%5年間の変化355.99%IPOからの変化-66.74%最新ニュースお知らせ • Mar 28Frontline plc Announces Resignation of Director Richard C. PrinceFrontline plc announced that Mr. Richard C. Prince has resigned as Director of the Company.お知らせ • Jan 05+ 5 more updatesFrontline plc to Report Q4, 2026 Results on Feb 26, 2027Frontline plc announced that they will report Q4, 2026 results on Feb 26, 2027お知らせ • Dec 09Frontline plc Approves to Elect Richard C. Prince as DirectorFrontline plc at 2025 Annual General Meeting held on 8 December 2025 approved to elect Richard C. Prince as a Director of the Company.お知らせ • Feb 28Frontline plc Declares Dividend for the Fourth Quarter of 2024Frontline plc declared a cash dividend of $0.20 per share for the fourth quarter of 2024.お知らせ • Jan 02+ 5 more updatesFrontline plc to Report Q4, 2025 Results on Feb 27, 2026Frontline plc announced that they will report Q4, 2025 results on Feb 27, 2026Board Change • Jan 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Orjan Svanevik was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.最新情報をもっと見るRecent updatesお知らせ • Mar 28Frontline plc Announces Resignation of Director Richard C. PrinceFrontline plc announced that Mr. Richard C. Prince has resigned as Director of the Company.お知らせ • Jan 05+ 5 more updatesFrontline plc to Report Q4, 2026 Results on Feb 26, 2027Frontline plc announced that they will report Q4, 2026 results on Feb 26, 2027お知らせ • Dec 09Frontline plc Approves to Elect Richard C. Prince as DirectorFrontline plc at 2025 Annual General Meeting held on 8 December 2025 approved to elect Richard C. Prince as a Director of the Company.お知らせ • Feb 28Frontline plc Declares Dividend for the Fourth Quarter of 2024Frontline plc declared a cash dividend of $0.20 per share for the fourth quarter of 2024.お知らせ • Jan 02+ 5 more updatesFrontline plc to Report Q4, 2025 Results on Feb 27, 2026Frontline plc announced that they will report Q4, 2025 results on Feb 27, 2026Board Change • Jan 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Orjan Svanevik was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Dec 13Frontline plc Approves the Election of DirectorsFrontline plc advised that the 2024 Annual General Meeting of the Shareholders of the Company was held on 12 December 2024. The shareholders approved the election of Ørjan Svanevik and Dr. Maria Papakokkinou as a Director of the Company.お知らせ • Nov 28Frontline plc Declares Dividend for the Third Quarter of 2024, Payable on or About December 31, 2024The Board of Directors of Frontline plc declared a dividend of $0.34 per share for the third quarter of 2024. The record date for the dividend will be December 11, 2024, the ex-dividend date is expected to be December 11, 2024, for shares listed on the New York Stock Exchange and December 10, 2024, for shares listed on the Oslo Stock Exchange, and the dividend is scheduled to be paid on or about December 31, 2024.Declared Dividend • Sep 09Second quarter dividend of US$0.62 announcedShareholders will receive a dividend of US$0.62. Ex-date: 13th September 2024 Payment date: 30th September 2024 Dividend yield will be 9.2%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.0% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Sep 05Frontline plc Announces the Resignation of Marios Demetriades as DirectorFrontline plc announced that Mr. Marios Demetriades has resigned as Director of the Company.Reported Earnings • Sep 01Second quarter 2024 earnings released: EPS: US$0.84 (vs US$1.04 in 2Q 2023)Second quarter 2024 results: EPS: US$0.84 (down from US$1.04 in 2Q 2023). Revenue: US$556.0m (up 8.4% from 2Q 2023). Net income: US$187.6m (down 19% from 2Q 2023). Profit margin: 34% (down from 45% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 2.8% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jun 04First quarter 2024 earnings released: EPS: US$0.81 (vs US$0.90 in 1Q 2023)First quarter 2024 results: EPS: US$0.81 (down from US$0.90 in 1Q 2023). Revenue: US$578.4m (up 16% from 1Q 2023). Net income: US$180.8m (down 9.4% from 1Q 2023). Profit margin: 31% (down from 40% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 4.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.2%. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jun 02Fourth quarter dividend of US$0.62 announcedShareholders will receive a dividend of US$0.62. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 7.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.0% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 6.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 28Full year 2023 earnings released: EPS: US$2.95 (vs US$2.22 in FY 2022)Full year 2023 results: EPS: US$2.95 (up from US$2.22 in FY 2022). Revenue: US$1.80b (up 26% from FY 2022). Net income: US$656.4m (up 38% from FY 2022). Profit margin: 36% (up from 33% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 07Upcoming dividend of US$0.37 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 27 March 2024. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 9.3%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.4%).Declared Dividend • Mar 04Fourth quarter dividend of US$0.37 announcedShareholders will receive a dividend of US$0.37. Ex-date: 14th March 2024 Payment date: 27th March 2024 Dividend yield will be 9.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.5% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: US$2.95 (vs US$2.22 in FY 2022)Full year 2023 results: EPS: US$2.95 (up from US$2.22 in FY 2022). Revenue: US$1.83b (up 28% from FY 2022). Net income: US$656.4m (up 38% from FY 2022). Profit margin: 36% (up from 33% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 29Frontline plc Announces Dividend for the Fourth Quarter of 2023, Payable on or About 27 March, 2024Frontline plc announced dividend of $0.37 per share for the fourth quarter of 2023. Ex-date is 14 March, 2024. Record date is 15 March, 2024. Payment date is on or about 27 March, 2024.お知らせ • Dec 13Frontline plc Elects Cato Stonex as A DirectorFrontline plc at its AGM held on December 12, 2023, elected Cato Stonex as a Director of the Company.Upcoming Dividend • Dec 07Upcoming dividend of US$0.30 per share at 6.4% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 74% and the cash payout ratio is 82%. Trailing yield: 6.4%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.9%).Reported Earnings • Dec 01Third quarter 2023 earnings released: EPS: US$0.48 (vs US$0.69 in 3Q 2022)Third quarter 2023 results: EPS: US$0.48 (down from US$0.69 in 3Q 2022). Revenue: US$377.5m (down 1.2% from 3Q 2022). Net income: US$107.7m (down 30% from 3Q 2022). Profit margin: 28% (down from 40% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Nov 30Frontline plc Announces Dividend for the Third Quarter, 2023, Payable on or About 29 December, 2023Frontline plc announced dividend of USD 0.30 per share for the third quarter of 2023, Payment date: On or about 29 December, 2023. Due to the implementation of CSDR in Norway, dividends payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about 3 January, 2024. Record date is 15 December, 2023. Ex-date is 14 December, 2023. Last day including right: 13 December, 2023. Date of approval: 29 November, 2023.お知らせ • Nov 24CMB NV completed the acquisition of additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO).CMB NV entered into an agreement to acquire additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO) for $1 billion on October 9, 2023. The aggregate amount of the purchase price for the sale shares is equal to $1.059 billion at $18.43 per share for 57,479,744 shares. On the date of this Agreement, CMB and its Affiliates directly own an aggregate amount of 50,450,000 Shares and Frontline and Famatown directly own an aggregate amount of 57,479,744 Shares. The purchase price shall be allocated between the Sellers as follows: (i) an amount of $251,838,818 due to Frontline as consideration for the Frontline Shares; and (ii) an amount of $807,512,864 due to Famatown as consideration for the Famatown Shares. Following its acquisition of Euronav shares from Frontline, CMB will own 49.05% of the Company’s issued shares. Euronav holds 8.23% of its shares in treasury. The Share Sale will trigger the requirement for CMB to launch a mandatory takeover offer on all shares of Euronav, at the same price as the Share Sale. Accordingly, all shareholders of Euronav will have the opportunity to sell their shares for the same price at which Frontline will have sold its shares to CMB. In a related transaction, Frontline will acquire 24 VLCC tankers from the Euronav fleet for $2.35 billion. The Related Party Transactions are conditional upon completion of the Share Sale. In addition, the Fleet Sale and the Share Sale are conditional upon, inter alia, the obtaining of regulatory approvals. The completion of the Share Purchase is subject to merger control approvals and approval by Euronav’s shareholders’ meeting of the conditionality of the Vessel Sale on the completion of the Share Purchase. Completion of the Share Purchase expected in Q4, 2023. As of October 20, 2023, CMB NV invites its shareholders to participate to the Special General Meeting to be held on November 21, 2023. All conditions pursuant to transaction fulfilled including approval by the shareholders of Euronav and anti-trust approvals.DNB Markets, a part of DNB Bank ASA is serving as financial advisor to Frontline. Advokatfirmaet Schjødt AS, Advokatfirmaet Wiersholm AS and Allen & Overy LLP are serving as legal counsel to Frontline in connection with the Acquisition. Computershare Trust Company N.A as transfer agent for its ordinary shares in the United States. Lazard BV/SRL acted as financial advisor to Euronav. CMB NV completed the acquisition of additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO) on November 22, 2023.お知らせ • Oct 11CMB NV entered into an agreement to acquire additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO) for $1 billion.CMB NV entered into an agreement to acquire additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO) for $1 billion on October 9, 2023. As per the terms of the transaction, the offer price per share is $18.43 for 57,479,744 shares. Following its acquisition of Euronav shares from Frontline, CMB will own 49.05% of the Company’s issued shares. Euronav holds 8.23% of its shares in treasury. The Share Sale will trigger the requirement for CMB to launch a mandatory takeover offer on all shares of Euronav, at the same price as the Share Sale. Accordingly, all shareholders of Euronav will have the opportunity to sell their shares for the same price at which Frontline will have sold its shares to CMB. In a related transaction, Frontline will acquire 24 VLCC tankers from the Euronav fleet for $2.35 billion. The Related Party Transactions are conditional upon completion of the Share Sale. In addition, the Fleet Sale and the Share Sale are conditional upon, inter alia, the obtaining of regulatory approvals. The completion of the Share Purchase is subject to merger control approvals and approval by Euronav’s shareholders’ meeting of the conditionality of the Vessel Sale on the completion of the Share Purchase. Completion of the Share Purchase expected in Q4, 2023.お知らせ • Oct 06Euronav's Shareholder CMB Offers to Acquire Frontline’s 26.12% StakeEuronav NV (ENXTBR:EURN) shareholder CMB NV is offering to acquire Frontline plc (NYSE:FRO)’s 26.12% stake in the company for $18.43 per share, which will be followed by a mandatory public offer at the same price, Euronav said in statement. Shares of oil tanker company Euronav jumped around 18% as trading reopened at 1330 GMT. Shares were suspended earlier in the day after spiking on media reports about the company going private. Shares traded at a EUR 14.57 ($15.34) prior to the suspension. The proposed transaction would also involve peer and shareholder Frontline acquiring 24 VLCC tankers from the Euronav fleet for $2.35 billion, Euronav said. “The discussions between the parties are well advanced. However, there can be no certainty that these discussions will lead to an agreement.” The successful completion of the deal would end the arbitration action initiated against Frontline by Euronav in response to the Oslo-traded company’s decision to scrap a $4.2 billion planned merger between both companies, which would have created the world’s largest publicly listed tanker company.Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €17.35, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 273% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.10 per share.Upcoming Dividend • Sep 07Upcoming dividend of US$0.80 per share at 7.4% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 69% and the cash payout ratio is 81%. Trailing yield: 7.4%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.3%).お知らせ • Aug 25Frontline plc Announces Dividend for the Second Quarter of 2023, Payable on or About September 29, 2023Frontline plc announced dividend of USD 0.80 per share for the second quarter of 2023, payable on or about September 29, 2023. Due to the implementation of CSDR in Norway, dividends payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about October 3, 2023. Record date is September 15, 2023. Ex-date is September 14, 2023. Last day including right is September 13, 2023. Date of approval is August 23, 2023.Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €16.15, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 188% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.46 per share.Valuation Update With 7 Day Price Move • Jul 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €13.98, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 166% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.63 per share.お知らせ • Jun 25Frontline plc(NYSE:FRO) dropped from Russell 2000 Dynamic IndexFrontline plc(NYSE:FRO) dropped from Russell 2000 Dynamic IndexBuying Opportunity • Jun 25Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be €16.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 37% in 2 years. Earnings is forecast to decline by 21% in the next 2 years.Upcoming Dividend • Jun 08Upcoming dividend of US$0.70 per share at 8.6% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 8.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.3%).Buying Opportunity • Jun 05Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be €16.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 37% in 2 years. Earnings is forecast to decline by 20% in the next 2 years.Reported Earnings • Jun 01First quarter 2023 earnings released: EPS: US$0.90 (vs US$0.15 in 1Q 2022)First quarter 2023 results: EPS: US$0.90 (up from US$0.15 in 1Q 2022). Revenue: US$511.6m (up 135% from 1Q 2022). Net income: US$199.6m (up US$168.5m from 1Q 2022). Profit margin: 39% (up from 14% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 9.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.お知らせ • Jun 01Frontline plc Declares Cash Dividend for the First Quarter of 2023, Payment Date Is on or About 30 June, 2023Frontline plc declared cash dividend of $0.70 per share for the first quarter of 2023. Ex-date is 15 June, 2023. Record date is 16 June, 2023. Payment date is On or about 30 June, 2023.Reported Earnings • Apr 30Full year 2022 earnings released: EPS: US$2.21 (vs US$0.056 loss in FY 2021)Full year 2022 results: EPS: US$2.21 (up from US$0.056 loss in FY 2021). Revenue: US$1.43b (up 91% from FY 2021). Net income: US$472.7m (up US$483.9m from FY 2021). Profit margin: 33% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 9.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Buying Opportunity • Apr 30Now 20% undervaluedOver the last 90 days, the stock is up 8.8%. The fair value is estimated to be €17.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 9.8% per annum. Earnings is also forecast to decline by 4.1% per annum over the same time period.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €15.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 99% over the past three years.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €13.31, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 129% over the past three years.Upcoming Dividend • Mar 08Upcoming dividend of US$1.07 per share at 6.7% yieldEligible shareholders must have bought the stock before 15 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.4%).Reported Earnings • Mar 01Full year 2022 earnings released: EPS: US$2.21 (vs US$0.056 loss in FY 2021)Full year 2022 results: EPS: US$2.21 (up from US$0.056 loss in FY 2021). Revenue: US$1.44b (up 92% from FY 2021). Net income: US$472.7m (up US$483.9m from FY 2021). Profit margin: 33% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €15.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 151% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.80 per share.お知らせ • Feb 09Frontline plc Announces Emergency Arbitration Claims Filed by Euronav Have Been Fully Dismissed by the Emergency ArbitratorFrontline plc, formerly Frontline Ltd. announced that the Emergency Arbitration claims filed by Euronav have been fully dismissed by the Emergency Arbitrator. The decision was issued February 7, 2023, and in addition to fully dismissing the claims, orders Euronav to pay to Frontline all costs of the Emergency Arbitration proceedings, including full compensation for legal costs incurred. This decision strengthens Frontline’s position that its decision to terminate the combination agreement was entirely lawful.お知らせ • Jan 19Frontline plc Confirms to Terminate the Combination Agreement with Euronav NVFrontline plc confirmed that it has received from Euronav NV an emergency arbitration request for urgent interim and conservatory measures following Frontline’s decision to terminate the combination agreement as further explained in Frontline’s press release dated 9 January 2023. Frontline is currently analysing this request with its legal advisors. Frontline once again confirms that its decision to terminate the combination agreement was entirely lawful.Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improved over the past weekAfter last week's 17% share price gain to €12.00, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 37% over the past three years.お知らせ • Jan 07Frontline plc, Annual General Meeting, Sep 29, 2023Frontline plc, Annual General Meeting, Sep 29, 2023, at 15:00 Atlantic Standard Time.お知らせ • Jan 06+ 4 more updatesFrontline plc to Report Q3, 2023 Results on Nov 30, 2023Frontline plc announced that they will report Q3, 2023 results at 3:00 PM, Atlantic Standard Time on Nov 30, 2023お知らせ • Dec 22Frontline Ltd. Announces Executive ChangesFrontline Ltd. at its Special General Meeting of Shareholders held on December 20, 2022, approved the resignations of James Ayers and Marios Saveriades as secretary and assistant secretary of Frontline (Bermuda), respectively, and the appointment of Marios Saveriades as Secretary of Frontline.Valuation Update With 7 Day Price Move • Dec 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to €13.41, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 61% over the past three years.Reported Earnings • Dec 01Third quarter 2022 earnings released: EPS: US$0.69 (vs US$0.17 loss in 3Q 2021)Third quarter 2022 results: EPS: US$0.69 (up from US$0.17 loss in 3Q 2021). Revenue: US$384.1m (up 124% from 3Q 2021). Net income: US$154.4m (up US$187.6m from 3Q 2021). Profit margin: 40% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director James O'Shaughnessy was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 20% share price gain to €13.01, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 71% over the past three years.お知らせ • Oct 06Frontline Ltd. Appoints Marios Demetriades as A DirectorFrontline Ltd. announced the appointment of Mr. Marios Demetriades as a Director of the Company. Marios Demetriades is an experienced Financial Services professional with significant experience as a Non-Executive Director in various listed and private companies in the Banking, Infrastructure and Shipping industries. He previously served as the Minister of Transport, Communications and Works for the Republic of Cyprus from 2014 to 2018 and held various positions in the Accounting, Investment and Banking sectors. He is a qualified Chartered Accountant and Chartered Financial Analyst holder and a member of the CFA Institute, the Institute of Chartered Accountants in England and Wales and the Institute of Certified Public Accountants of Cyprus (ICPAC). Mr. Demetriades is a Cypriot citizen and resides in Cyprus.Upcoming Dividend • Sep 08Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 15 September 2022. Payment date: 03 October 2022. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%).お知らせ • Aug 27Frontline Ltd. (NYSE:FRO) agreed to acquire a 3.82% stake in Euronav NV (ENXTBR:EURN) for approximately €130 million.Frontline Ltd. (NYSE:FRO) agreed to acquire a 3.82% stake in Euronav NV (ENXTBR:EURN) for approximately €130 million on June 10, 2022.Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: US$0.23 (vs US$0.14 loss in 2Q 2021)Second quarter 2022 results: EPS: US$0.23 (up from US$0.14 loss in 2Q 2021). Revenue: US$300.7m (up 77% from 2Q 2021). Net income: US$47.1m (up US$73.7m from 2Q 2021). Profit margin: 16% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is expected to shrink by 8.1% compared to a 52% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.お知らせ • Aug 26Frontline Ltd. Declares Cash Dividend for the Second Quarter of 2022, Payable on or About October 3, 2022The Board of Directors of Frontline Ltd. decided to pay a dividend of $0.15 per share for the second quarter of 2022. The record date for the dividend will be September 16, 2022. The ex-dividend date is expected to be September 15, 2022, and the dividend will be paid on or about October 3, 2022.Reported Earnings • May 25First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: US$0 (down 100% from 1Q 2021). Net income: US$31.1m (up 7.8% from 1Q 2021). Profit margin: (down from 15% in 1Q 2021).Board Change • May 05Less than half of directors are independentFollowing Director Steen Jakobsen's arrival on 01 May 2022, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director James O'Shaughnessy was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 04Frontline Ltd. Announces Executive ChangesFrontline Ltd. announced that Mr. Tor Svelland has resigned as a Director. Mr. Svelland has served as a Director since August 2020. The Board would like to thank Mr. Svelland for his contribution and wishes him well in his future pursuits. The company announced the appointment of Mr. Ole B. Hjertaker as a Director. The company announced the appointment of Mr. Steen Jakobsen as a Director.お知らせ • Apr 09Frontline Ltd. (NYSE:FRO) signed a term sheet to acquire Euronav NV (ENXTBR:EURN) from CMB NV, C.K. LIMITED and others for €2.5 billion.Frontline Ltd. (NYSE:FRO) signed a term sheet to acquire Euronav NV (ENXTBR:EURN) from CMB NV, C.K. LIMITED and others for €2.5 billion on April 7, 2022. As per the transaction Frontline Ltd. will issue 1.45 shares for every Euronav NV share. The transaction is approved by board of directors of Frontline Ltd. and Euronav NV Lazard SPRL acted as financial advisor and Freshfields Bruckhaus Deringer LLP acted as legal advisor to Euronav NV. ABG Sundal Collier ASA and DNB Markets acted as financial advisor, Advokatfirmaet Schjødt As, Allen & Overy LLP, Seward & Kissel LLP, MJM Limited acted as legal advisors and KPMG acted as accountant to Frontline Ltd.Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: US$0.056 loss per share (down from US$2.11 profit in FY 2020). Revenue: US$749.4m (down 39% from FY 2020). Net loss: US$11.1m (down 103% from profit in FY 2020). Revenue missed analyst estimates by 2.4%. Over the next year, revenue is expected to shrink by 21% compared to a 42% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.お知らせ • Mar 10Frontline Ltd. Appoints Jens Martin Jensen as DirectorFrontline Ltd. announced the appointment of Mr. Jens Martin Jensen as Director. Jens Martin Arveschoug Jensen joined Seatankers Management 1st March, 2022 – prior to that he was the CEO of Athenian Holdings. He previously served as Head of Shipping at New Fortress Energy (USA) and prior to that he was a Partner at Pillarstone Europe. From May 2008 to September 2014, he was the CEO of Frontline Management AS. Mr. Jensen has served as a director of various companies, including 2020 Bulkers Ltd, Frontline Ltd. and Flex LNG Limited. Prior to these roles, he was a Partner/Director at Island Shipbrokers between the periods of 1996 - 2004 and held various positions at A.P. Moller/Maersk Group during 1985-1996 in Copenhagen, Mexico City, Tokyo and Singapore.Board Change • Mar 09Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director James O'Shaughnessy was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 18Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: US$0.06 loss per share (down from US$2.11 profit in FY 2020). Revenue: US$755.3m (down 38% from FY 2020). Net loss: US$11.1m (down 103% from profit in FY 2020). Revenue missed analyst estimates by 2.4%. Over the next year, revenue is expected to shrink by 30% compared to a 66% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year.Reported Earnings • Nov 30Third quarter 2021 earnings: EPS in line with expectations, revenues disappointThird quarter 2021 results: US$0.17 loss per share (down from US$0.29 profit in 3Q 2020). Revenue: US$172.1m (down 30% from 3Q 2020). Net loss: US$33.2m (down 158% from profit in 3Q 2020). Revenue missed analyst estimates by 7.4%. Over the next year, revenue is expected to shrink by 15% compared to a 53% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 30Third quarter 2021 earnings: EPS in line with expectations, revenues disappointThird quarter 2021 results: US$0.17 loss per share (down from US$0.29 profit in 3Q 2020). Revenue: US$172.1m (down 30% from 3Q 2020). Net loss: US$33.2m (down 158% from profit in 3Q 2020). Revenue missed analyst estimates by 7.4%. Over the next year, revenue is expected to shrink by 15% compared to a 53% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 22% share price gain to €7.77, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total returns to shareholders of 80% over the past three years.Reported Earnings • Aug 27Second quarter 2021 earnings released: US$0.13 loss per share (vs US$1.01 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$170.6m (down 56% from 2Q 2020). Net loss: US$26.6m (down 113% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 28First quarter 2021 earnings released: EPS US$0.15 (vs US$0.87 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$194.0m (down 53% from 1Q 2020). Net income: US$28.9m (down 83% from 1Q 2020). Profit margin: 15% (down from 40% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 20Full year 2020 earnings released: EPS US$2.11 (vs US$0.81 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.22b (up 28% from FY 2019). Net income: US$412.9m (up 195% from FY 2019). Profit margin: 34% (up from 15% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 20The Board of Frontline Ltd. Decides Not to Pay Dividend for the Fourth Quarter of 2020The board of Frontline Ltd. has decided not to pay a dividend for the fourth quarter of 2020.お知らせ • Feb 17+ 4 more updatesFrontline Ltd. to Report Q1, 2021 Results on May 28, 2021Frontline Ltd. announced that they will report Q1, 2021 results on May 28, 2021株主還元HF6DE Oil and GasDE 市場7D-1.0%-0.8%-0.3%1Y95.1%57.4%-1.1%株主還元を見る業界別リターン: HF6過去 1 年間で57.4 % の収益を上げたGerman Oil and Gas業界を上回りました。リターン対市場: HF6過去 1 年間で-1.1 % の収益を上げたGerman市場を上回りました。価格変動Is HF6's price volatile compared to industry and market?HF6 volatilityHF6 Average Weekly Movement9.0%Oil and Gas Industry Average Movement10.8%Market Average Movement6.1%10% most volatile stocks in DE Market13.3%10% least volatile stocks in DE Market2.7%安定した株価: HF6の株価は、 German市場と比較して過去 3 か月間で変動しています。時間の経過による変動: HF6の weekly volatility ( 9% ) は過去 1 年間安定していますが、依然としてGermanの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト198585Lars Barstadwww.frontlineplc.cy海運会社であるFrontline plcは、世界各地で石油タンカーや石油製品タンカーの所有・運航を行っている。同社は超大型原油タンカー（VLCC）、スエズマックスタンカー、LR2/アフラマックスタンカーなどの石油・製品タンカーを所有・運航している。2024年12月31日現在、41隻のVLCC、22隻のスエズマックスタンカー、18隻のLR2/アフラマックスタンカーを含む81隻の船隊を運航している。同社はまた、船舶の傭船、購入、売却にも携わっている。フロントラインは1985年に設立され、キプロスのリマソールに本社を置く。もっと見るFrontline plc 基礎のまとめFrontline の収益と売上を時価総額と比較するとどうか。HF6 基礎統計学時価総額€7.00b収益（TTM）€325.25m売上高(TTM)€1.69b22.2xPER（株価収益率4.3xP/SレシオHF6 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計HF6 損益計算書（TTM）収益US$1.97b売上原価US$992.59m売上総利益US$972.51mその他の費用US$593.43m収益US$379.08m直近の収益報告Dec 31, 2025次回決算日May 22, 2026一株当たり利益（EPS）1.70グロス・マージン49.49%純利益率19.29%有利子負債／自己資本比率103.1%HF6 の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.7%現在の配当利回り103%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/18 04:20終値2026/05/18 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Frontline plc 8 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。16 アナリスト機関null nullABG Sundal CollierGregory LewisBTIGMarius FurulyCarnegie Investment Bank AB13 その他のアナリストを表示
お知らせ • Mar 28Frontline plc Announces Resignation of Director Richard C. PrinceFrontline plc announced that Mr. Richard C. Prince has resigned as Director of the Company.
お知らせ • Jan 05+ 5 more updatesFrontline plc to Report Q4, 2026 Results on Feb 26, 2027Frontline plc announced that they will report Q4, 2026 results on Feb 26, 2027
お知らせ • Dec 09Frontline plc Approves to Elect Richard C. Prince as DirectorFrontline plc at 2025 Annual General Meeting held on 8 December 2025 approved to elect Richard C. Prince as a Director of the Company.
お知らせ • Feb 28Frontline plc Declares Dividend for the Fourth Quarter of 2024Frontline plc declared a cash dividend of $0.20 per share for the fourth quarter of 2024.
お知らせ • Jan 02+ 5 more updatesFrontline plc to Report Q4, 2025 Results on Feb 27, 2026Frontline plc announced that they will report Q4, 2025 results on Feb 27, 2026
Board Change • Jan 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Orjan Svanevik was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 28Frontline plc Announces Resignation of Director Richard C. PrinceFrontline plc announced that Mr. Richard C. Prince has resigned as Director of the Company.
お知らせ • Jan 05+ 5 more updatesFrontline plc to Report Q4, 2026 Results on Feb 26, 2027Frontline plc announced that they will report Q4, 2026 results on Feb 26, 2027
お知らせ • Dec 09Frontline plc Approves to Elect Richard C. Prince as DirectorFrontline plc at 2025 Annual General Meeting held on 8 December 2025 approved to elect Richard C. Prince as a Director of the Company.
お知らせ • Feb 28Frontline plc Declares Dividend for the Fourth Quarter of 2024Frontline plc declared a cash dividend of $0.20 per share for the fourth quarter of 2024.
お知らせ • Jan 02+ 5 more updatesFrontline plc to Report Q4, 2025 Results on Feb 27, 2026Frontline plc announced that they will report Q4, 2025 results on Feb 27, 2026
Board Change • Jan 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Orjan Svanevik was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 13Frontline plc Approves the Election of DirectorsFrontline plc advised that the 2024 Annual General Meeting of the Shareholders of the Company was held on 12 December 2024. The shareholders approved the election of Ørjan Svanevik and Dr. Maria Papakokkinou as a Director of the Company.
お知らせ • Nov 28Frontline plc Declares Dividend for the Third Quarter of 2024, Payable on or About December 31, 2024The Board of Directors of Frontline plc declared a dividend of $0.34 per share for the third quarter of 2024. The record date for the dividend will be December 11, 2024, the ex-dividend date is expected to be December 11, 2024, for shares listed on the New York Stock Exchange and December 10, 2024, for shares listed on the Oslo Stock Exchange, and the dividend is scheduled to be paid on or about December 31, 2024.
Declared Dividend • Sep 09Second quarter dividend of US$0.62 announcedShareholders will receive a dividend of US$0.62. Ex-date: 13th September 2024 Payment date: 30th September 2024 Dividend yield will be 9.2%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.0% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Sep 05Frontline plc Announces the Resignation of Marios Demetriades as DirectorFrontline plc announced that Mr. Marios Demetriades has resigned as Director of the Company.
Reported Earnings • Sep 01Second quarter 2024 earnings released: EPS: US$0.84 (vs US$1.04 in 2Q 2023)Second quarter 2024 results: EPS: US$0.84 (down from US$1.04 in 2Q 2023). Revenue: US$556.0m (up 8.4% from 2Q 2023). Net income: US$187.6m (down 19% from 2Q 2023). Profit margin: 34% (down from 45% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 2.8% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jun 04First quarter 2024 earnings released: EPS: US$0.81 (vs US$0.90 in 1Q 2023)First quarter 2024 results: EPS: US$0.81 (down from US$0.90 in 1Q 2023). Revenue: US$578.4m (up 16% from 1Q 2023). Net income: US$180.8m (down 9.4% from 1Q 2023). Profit margin: 31% (down from 40% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 4.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.2%. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jun 02Fourth quarter dividend of US$0.62 announcedShareholders will receive a dividend of US$0.62. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 7.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.0% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 6.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 28Full year 2023 earnings released: EPS: US$2.95 (vs US$2.22 in FY 2022)Full year 2023 results: EPS: US$2.95 (up from US$2.22 in FY 2022). Revenue: US$1.80b (up 26% from FY 2022). Net income: US$656.4m (up 38% from FY 2022). Profit margin: 36% (up from 33% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 07Upcoming dividend of US$0.37 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 27 March 2024. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 9.3%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.4%).
Declared Dividend • Mar 04Fourth quarter dividend of US$0.37 announcedShareholders will receive a dividend of US$0.37. Ex-date: 14th March 2024 Payment date: 27th March 2024 Dividend yield will be 9.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.5% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: US$2.95 (vs US$2.22 in FY 2022)Full year 2023 results: EPS: US$2.95 (up from US$2.22 in FY 2022). Revenue: US$1.83b (up 28% from FY 2022). Net income: US$656.4m (up 38% from FY 2022). Profit margin: 36% (up from 33% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 29Frontline plc Announces Dividend for the Fourth Quarter of 2023, Payable on or About 27 March, 2024Frontline plc announced dividend of $0.37 per share for the fourth quarter of 2023. Ex-date is 14 March, 2024. Record date is 15 March, 2024. Payment date is on or about 27 March, 2024.
お知らせ • Dec 13Frontline plc Elects Cato Stonex as A DirectorFrontline plc at its AGM held on December 12, 2023, elected Cato Stonex as a Director of the Company.
Upcoming Dividend • Dec 07Upcoming dividend of US$0.30 per share at 6.4% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 74% and the cash payout ratio is 82%. Trailing yield: 6.4%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.9%).
Reported Earnings • Dec 01Third quarter 2023 earnings released: EPS: US$0.48 (vs US$0.69 in 3Q 2022)Third quarter 2023 results: EPS: US$0.48 (down from US$0.69 in 3Q 2022). Revenue: US$377.5m (down 1.2% from 3Q 2022). Net income: US$107.7m (down 30% from 3Q 2022). Profit margin: 28% (down from 40% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Nov 30Frontline plc Announces Dividend for the Third Quarter, 2023, Payable on or About 29 December, 2023Frontline plc announced dividend of USD 0.30 per share for the third quarter of 2023, Payment date: On or about 29 December, 2023. Due to the implementation of CSDR in Norway, dividends payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about 3 January, 2024. Record date is 15 December, 2023. Ex-date is 14 December, 2023. Last day including right: 13 December, 2023. Date of approval: 29 November, 2023.
お知らせ • Nov 24CMB NV completed the acquisition of additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO).CMB NV entered into an agreement to acquire additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO) for $1 billion on October 9, 2023. The aggregate amount of the purchase price for the sale shares is equal to $1.059 billion at $18.43 per share for 57,479,744 shares. On the date of this Agreement, CMB and its Affiliates directly own an aggregate amount of 50,450,000 Shares and Frontline and Famatown directly own an aggregate amount of 57,479,744 Shares. The purchase price shall be allocated between the Sellers as follows: (i) an amount of $251,838,818 due to Frontline as consideration for the Frontline Shares; and (ii) an amount of $807,512,864 due to Famatown as consideration for the Famatown Shares. Following its acquisition of Euronav shares from Frontline, CMB will own 49.05% of the Company’s issued shares. Euronav holds 8.23% of its shares in treasury. The Share Sale will trigger the requirement for CMB to launch a mandatory takeover offer on all shares of Euronav, at the same price as the Share Sale. Accordingly, all shareholders of Euronav will have the opportunity to sell their shares for the same price at which Frontline will have sold its shares to CMB. In a related transaction, Frontline will acquire 24 VLCC tankers from the Euronav fleet for $2.35 billion. The Related Party Transactions are conditional upon completion of the Share Sale. In addition, the Fleet Sale and the Share Sale are conditional upon, inter alia, the obtaining of regulatory approvals. The completion of the Share Purchase is subject to merger control approvals and approval by Euronav’s shareholders’ meeting of the conditionality of the Vessel Sale on the completion of the Share Purchase. Completion of the Share Purchase expected in Q4, 2023. As of October 20, 2023, CMB NV invites its shareholders to participate to the Special General Meeting to be held on November 21, 2023. All conditions pursuant to transaction fulfilled including approval by the shareholders of Euronav and anti-trust approvals.DNB Markets, a part of DNB Bank ASA is serving as financial advisor to Frontline. Advokatfirmaet Schjødt AS, Advokatfirmaet Wiersholm AS and Allen & Overy LLP are serving as legal counsel to Frontline in connection with the Acquisition. Computershare Trust Company N.A as transfer agent for its ordinary shares in the United States. Lazard BV/SRL acted as financial advisor to Euronav. CMB NV completed the acquisition of additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO) on November 22, 2023.
お知らせ • Oct 11CMB NV entered into an agreement to acquire additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO) for $1 billion.CMB NV entered into an agreement to acquire additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO) for $1 billion on October 9, 2023. As per the terms of the transaction, the offer price per share is $18.43 for 57,479,744 shares. Following its acquisition of Euronav shares from Frontline, CMB will own 49.05% of the Company’s issued shares. Euronav holds 8.23% of its shares in treasury. The Share Sale will trigger the requirement for CMB to launch a mandatory takeover offer on all shares of Euronav, at the same price as the Share Sale. Accordingly, all shareholders of Euronav will have the opportunity to sell their shares for the same price at which Frontline will have sold its shares to CMB. In a related transaction, Frontline will acquire 24 VLCC tankers from the Euronav fleet for $2.35 billion. The Related Party Transactions are conditional upon completion of the Share Sale. In addition, the Fleet Sale and the Share Sale are conditional upon, inter alia, the obtaining of regulatory approvals. The completion of the Share Purchase is subject to merger control approvals and approval by Euronav’s shareholders’ meeting of the conditionality of the Vessel Sale on the completion of the Share Purchase. Completion of the Share Purchase expected in Q4, 2023.
お知らせ • Oct 06Euronav's Shareholder CMB Offers to Acquire Frontline’s 26.12% StakeEuronav NV (ENXTBR:EURN) shareholder CMB NV is offering to acquire Frontline plc (NYSE:FRO)’s 26.12% stake in the company for $18.43 per share, which will be followed by a mandatory public offer at the same price, Euronav said in statement. Shares of oil tanker company Euronav jumped around 18% as trading reopened at 1330 GMT. Shares were suspended earlier in the day after spiking on media reports about the company going private. Shares traded at a EUR 14.57 ($15.34) prior to the suspension. The proposed transaction would also involve peer and shareholder Frontline acquiring 24 VLCC tankers from the Euronav fleet for $2.35 billion, Euronav said. “The discussions between the parties are well advanced. However, there can be no certainty that these discussions will lead to an agreement.” The successful completion of the deal would end the arbitration action initiated against Frontline by Euronav in response to the Oslo-traded company’s decision to scrap a $4.2 billion planned merger between both companies, which would have created the world’s largest publicly listed tanker company.
Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €17.35, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 273% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.10 per share.
Upcoming Dividend • Sep 07Upcoming dividend of US$0.80 per share at 7.4% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 69% and the cash payout ratio is 81%. Trailing yield: 7.4%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.3%).
お知らせ • Aug 25Frontline plc Announces Dividend for the Second Quarter of 2023, Payable on or About September 29, 2023Frontline plc announced dividend of USD 0.80 per share for the second quarter of 2023, payable on or about September 29, 2023. Due to the implementation of CSDR in Norway, dividends payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about October 3, 2023. Record date is September 15, 2023. Ex-date is September 14, 2023. Last day including right is September 13, 2023. Date of approval is August 23, 2023.
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €16.15, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 188% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.46 per share.
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €13.98, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 166% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.63 per share.
お知らせ • Jun 25Frontline plc(NYSE:FRO) dropped from Russell 2000 Dynamic IndexFrontline plc(NYSE:FRO) dropped from Russell 2000 Dynamic Index
Buying Opportunity • Jun 25Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be €16.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 37% in 2 years. Earnings is forecast to decline by 21% in the next 2 years.
Upcoming Dividend • Jun 08Upcoming dividend of US$0.70 per share at 8.6% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 8.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.3%).
Buying Opportunity • Jun 05Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be €16.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 37% in 2 years. Earnings is forecast to decline by 20% in the next 2 years.
Reported Earnings • Jun 01First quarter 2023 earnings released: EPS: US$0.90 (vs US$0.15 in 1Q 2022)First quarter 2023 results: EPS: US$0.90 (up from US$0.15 in 1Q 2022). Revenue: US$511.6m (up 135% from 1Q 2022). Net income: US$199.6m (up US$168.5m from 1Q 2022). Profit margin: 39% (up from 14% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 9.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
お知らせ • Jun 01Frontline plc Declares Cash Dividend for the First Quarter of 2023, Payment Date Is on or About 30 June, 2023Frontline plc declared cash dividend of $0.70 per share for the first quarter of 2023. Ex-date is 15 June, 2023. Record date is 16 June, 2023. Payment date is On or about 30 June, 2023.
Reported Earnings • Apr 30Full year 2022 earnings released: EPS: US$2.21 (vs US$0.056 loss in FY 2021)Full year 2022 results: EPS: US$2.21 (up from US$0.056 loss in FY 2021). Revenue: US$1.43b (up 91% from FY 2021). Net income: US$472.7m (up US$483.9m from FY 2021). Profit margin: 33% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 9.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Buying Opportunity • Apr 30Now 20% undervaluedOver the last 90 days, the stock is up 8.8%. The fair value is estimated to be €17.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 9.8% per annum. Earnings is also forecast to decline by 4.1% per annum over the same time period.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €15.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 99% over the past three years.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €13.31, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 129% over the past three years.
Upcoming Dividend • Mar 08Upcoming dividend of US$1.07 per share at 6.7% yieldEligible shareholders must have bought the stock before 15 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.4%).
Reported Earnings • Mar 01Full year 2022 earnings released: EPS: US$2.21 (vs US$0.056 loss in FY 2021)Full year 2022 results: EPS: US$2.21 (up from US$0.056 loss in FY 2021). Revenue: US$1.44b (up 92% from FY 2021). Net income: US$472.7m (up US$483.9m from FY 2021). Profit margin: 33% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €15.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 151% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.80 per share.
お知らせ • Feb 09Frontline plc Announces Emergency Arbitration Claims Filed by Euronav Have Been Fully Dismissed by the Emergency ArbitratorFrontline plc, formerly Frontline Ltd. announced that the Emergency Arbitration claims filed by Euronav have been fully dismissed by the Emergency Arbitrator. The decision was issued February 7, 2023, and in addition to fully dismissing the claims, orders Euronav to pay to Frontline all costs of the Emergency Arbitration proceedings, including full compensation for legal costs incurred. This decision strengthens Frontline’s position that its decision to terminate the combination agreement was entirely lawful.
お知らせ • Jan 19Frontline plc Confirms to Terminate the Combination Agreement with Euronav NVFrontline plc confirmed that it has received from Euronav NV an emergency arbitration request for urgent interim and conservatory measures following Frontline’s decision to terminate the combination agreement as further explained in Frontline’s press release dated 9 January 2023. Frontline is currently analysing this request with its legal advisors. Frontline once again confirms that its decision to terminate the combination agreement was entirely lawful.
Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improved over the past weekAfter last week's 17% share price gain to €12.00, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 37% over the past three years.
お知らせ • Jan 07Frontline plc, Annual General Meeting, Sep 29, 2023Frontline plc, Annual General Meeting, Sep 29, 2023, at 15:00 Atlantic Standard Time.
お知らせ • Jan 06+ 4 more updatesFrontline plc to Report Q3, 2023 Results on Nov 30, 2023Frontline plc announced that they will report Q3, 2023 results at 3:00 PM, Atlantic Standard Time on Nov 30, 2023
お知らせ • Dec 22Frontline Ltd. Announces Executive ChangesFrontline Ltd. at its Special General Meeting of Shareholders held on December 20, 2022, approved the resignations of James Ayers and Marios Saveriades as secretary and assistant secretary of Frontline (Bermuda), respectively, and the appointment of Marios Saveriades as Secretary of Frontline.
Valuation Update With 7 Day Price Move • Dec 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to €13.41, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 61% over the past three years.
Reported Earnings • Dec 01Third quarter 2022 earnings released: EPS: US$0.69 (vs US$0.17 loss in 3Q 2021)Third quarter 2022 results: EPS: US$0.69 (up from US$0.17 loss in 3Q 2021). Revenue: US$384.1m (up 124% from 3Q 2021). Net income: US$154.4m (up US$187.6m from 3Q 2021). Profit margin: 40% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director James O'Shaughnessy was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 20% share price gain to €13.01, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 71% over the past three years.
お知らせ • Oct 06Frontline Ltd. Appoints Marios Demetriades as A DirectorFrontline Ltd. announced the appointment of Mr. Marios Demetriades as a Director of the Company. Marios Demetriades is an experienced Financial Services professional with significant experience as a Non-Executive Director in various listed and private companies in the Banking, Infrastructure and Shipping industries. He previously served as the Minister of Transport, Communications and Works for the Republic of Cyprus from 2014 to 2018 and held various positions in the Accounting, Investment and Banking sectors. He is a qualified Chartered Accountant and Chartered Financial Analyst holder and a member of the CFA Institute, the Institute of Chartered Accountants in England and Wales and the Institute of Certified Public Accountants of Cyprus (ICPAC). Mr. Demetriades is a Cypriot citizen and resides in Cyprus.
Upcoming Dividend • Sep 08Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 15 September 2022. Payment date: 03 October 2022. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%).
お知らせ • Aug 27Frontline Ltd. (NYSE:FRO) agreed to acquire a 3.82% stake in Euronav NV (ENXTBR:EURN) for approximately €130 million.Frontline Ltd. (NYSE:FRO) agreed to acquire a 3.82% stake in Euronav NV (ENXTBR:EURN) for approximately €130 million on June 10, 2022.
Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: US$0.23 (vs US$0.14 loss in 2Q 2021)Second quarter 2022 results: EPS: US$0.23 (up from US$0.14 loss in 2Q 2021). Revenue: US$300.7m (up 77% from 2Q 2021). Net income: US$47.1m (up US$73.7m from 2Q 2021). Profit margin: 16% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is expected to shrink by 8.1% compared to a 52% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
お知らせ • Aug 26Frontline Ltd. Declares Cash Dividend for the Second Quarter of 2022, Payable on or About October 3, 2022The Board of Directors of Frontline Ltd. decided to pay a dividend of $0.15 per share for the second quarter of 2022. The record date for the dividend will be September 16, 2022. The ex-dividend date is expected to be September 15, 2022, and the dividend will be paid on or about October 3, 2022.
Reported Earnings • May 25First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: US$0 (down 100% from 1Q 2021). Net income: US$31.1m (up 7.8% from 1Q 2021). Profit margin: (down from 15% in 1Q 2021).
Board Change • May 05Less than half of directors are independentFollowing Director Steen Jakobsen's arrival on 01 May 2022, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director James O'Shaughnessy was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 04Frontline Ltd. Announces Executive ChangesFrontline Ltd. announced that Mr. Tor Svelland has resigned as a Director. Mr. Svelland has served as a Director since August 2020. The Board would like to thank Mr. Svelland for his contribution and wishes him well in his future pursuits. The company announced the appointment of Mr. Ole B. Hjertaker as a Director. The company announced the appointment of Mr. Steen Jakobsen as a Director.
お知らせ • Apr 09Frontline Ltd. (NYSE:FRO) signed a term sheet to acquire Euronav NV (ENXTBR:EURN) from CMB NV, C.K. LIMITED and others for €2.5 billion.Frontline Ltd. (NYSE:FRO) signed a term sheet to acquire Euronav NV (ENXTBR:EURN) from CMB NV, C.K. LIMITED and others for €2.5 billion on April 7, 2022. As per the transaction Frontline Ltd. will issue 1.45 shares for every Euronav NV share. The transaction is approved by board of directors of Frontline Ltd. and Euronav NV Lazard SPRL acted as financial advisor and Freshfields Bruckhaus Deringer LLP acted as legal advisor to Euronav NV. ABG Sundal Collier ASA and DNB Markets acted as financial advisor, Advokatfirmaet Schjødt As, Allen & Overy LLP, Seward & Kissel LLP, MJM Limited acted as legal advisors and KPMG acted as accountant to Frontline Ltd.
Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: US$0.056 loss per share (down from US$2.11 profit in FY 2020). Revenue: US$749.4m (down 39% from FY 2020). Net loss: US$11.1m (down 103% from profit in FY 2020). Revenue missed analyst estimates by 2.4%. Over the next year, revenue is expected to shrink by 21% compared to a 42% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.
お知らせ • Mar 10Frontline Ltd. Appoints Jens Martin Jensen as DirectorFrontline Ltd. announced the appointment of Mr. Jens Martin Jensen as Director. Jens Martin Arveschoug Jensen joined Seatankers Management 1st March, 2022 – prior to that he was the CEO of Athenian Holdings. He previously served as Head of Shipping at New Fortress Energy (USA) and prior to that he was a Partner at Pillarstone Europe. From May 2008 to September 2014, he was the CEO of Frontline Management AS. Mr. Jensen has served as a director of various companies, including 2020 Bulkers Ltd, Frontline Ltd. and Flex LNG Limited. Prior to these roles, he was a Partner/Director at Island Shipbrokers between the periods of 1996 - 2004 and held various positions at A.P. Moller/Maersk Group during 1985-1996 in Copenhagen, Mexico City, Tokyo and Singapore.
Board Change • Mar 09Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director James O'Shaughnessy was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 18Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: US$0.06 loss per share (down from US$2.11 profit in FY 2020). Revenue: US$755.3m (down 38% from FY 2020). Net loss: US$11.1m (down 103% from profit in FY 2020). Revenue missed analyst estimates by 2.4%. Over the next year, revenue is expected to shrink by 30% compared to a 66% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year.
Reported Earnings • Nov 30Third quarter 2021 earnings: EPS in line with expectations, revenues disappointThird quarter 2021 results: US$0.17 loss per share (down from US$0.29 profit in 3Q 2020). Revenue: US$172.1m (down 30% from 3Q 2020). Net loss: US$33.2m (down 158% from profit in 3Q 2020). Revenue missed analyst estimates by 7.4%. Over the next year, revenue is expected to shrink by 15% compared to a 53% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 30Third quarter 2021 earnings: EPS in line with expectations, revenues disappointThird quarter 2021 results: US$0.17 loss per share (down from US$0.29 profit in 3Q 2020). Revenue: US$172.1m (down 30% from 3Q 2020). Net loss: US$33.2m (down 158% from profit in 3Q 2020). Revenue missed analyst estimates by 7.4%. Over the next year, revenue is expected to shrink by 15% compared to a 53% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 22% share price gain to €7.77, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total returns to shareholders of 80% over the past three years.
Reported Earnings • Aug 27Second quarter 2021 earnings released: US$0.13 loss per share (vs US$1.01 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$170.6m (down 56% from 2Q 2020). Net loss: US$26.6m (down 113% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 28First quarter 2021 earnings released: EPS US$0.15 (vs US$0.87 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$194.0m (down 53% from 1Q 2020). Net income: US$28.9m (down 83% from 1Q 2020). Profit margin: 15% (down from 40% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 20Full year 2020 earnings released: EPS US$2.11 (vs US$0.81 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.22b (up 28% from FY 2019). Net income: US$412.9m (up 195% from FY 2019). Profit margin: 34% (up from 15% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 20The Board of Frontline Ltd. Decides Not to Pay Dividend for the Fourth Quarter of 2020The board of Frontline Ltd. has decided not to pay a dividend for the fourth quarter of 2020.
お知らせ • Feb 17+ 4 more updatesFrontline Ltd. to Report Q1, 2021 Results on May 28, 2021Frontline Ltd. announced that they will report Q1, 2021 results on May 28, 2021
