Buy Or Sell Opportunity • Jun 10
Now 57% undervalued after recent price drop Over the last 90 days, the stock has fallen 63% to kr113. The fair value is estimated to be kr266, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to decline by 30% in 2 years. Earnings are forecast to decline by 9.7% in the next 2 years. Upcoming Dividend • Jun 08
Upcoming dividend of US$1.55 per share Eligible shareholders must have bought the stock before 12 June 2026. Payment date: 23 June 2026. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.0%). Declared Dividend • May 25
First quarter dividend of US$1.55 announced Shareholders will receive a dividend of US$1.55. Ex-date: 12th June 2026 Payment date: 23rd June 2026 Dividend yield will be 4.9%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by both earnings (77% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 14% over the next year. A fall of 14% would increase the payout ratio to a potentially unsustainable range, which means the dividend may be at risk. New Risk • May 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risks High level of debt (76% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 22
First quarter 2026 earnings released: EPS: US$2.51 (vs US$0.15 in 1Q 2025) First quarter 2026 results: EPS: US$2.51 (up from US$0.15 in 1Q 2025). Revenue: US$714.2m (up 67% from 1Q 2025). Net income: US$559.1m (up US$525.8m from 1Q 2025). Profit margin: 78% (up from 7.8% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 1.7%. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 20
Now 63% undervalued after recent price drop Over the last 90 days, the stock has fallen 64% to kr113. The fair value is estimated to be kr303, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to decline by 9.4% per annum. Earnings are forecast to grow by 6.4% per annum over the same time period. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Maria Papakokkinou was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • May 04
Now 71% undervalued after recent price drop Over the last 90 days, the stock has fallen 59% to kr113. The fair value is estimated to be kr384, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to decline by 8.2% per annum. Earnings are forecast to grow by 5.1% per annum over the same time period. Board Change • Apr 17
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Maria Papakokkinou was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Maria Papakokkinou was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: US$1.70 (vs US$2.23 in FY 2024) Full year 2025 results: EPS: US$1.70 (down from US$2.23 in FY 2024). Revenue: US$1.97b (down 4.2% from FY 2024). Net income: US$379.1m (down 24% from FY 2024). Profit margin: 19% (down from 24% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 9.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Aankondiging • Mar 28
Frontline plc Announces Resignation of Director Richard C. Prince Frontline plc announced that Mr. Richard C. Prince has resigned as Director of the Company. Declared Dividend • Mar 09
Fourth quarter dividend of US$1.03 announced Shareholders will receive a dividend of US$1.03. Ex-date: 12th March 2026 Payment date: 19th March 2026 Dividend yield will be 2.5%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio). However, it is covered by cash flows (58% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. EPS is expected to grow by 49% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 28
Third quarter 2025 earnings released: EPS: US$0.18 (vs US$0.27 in 3Q 2024) Third quarter 2025 results: EPS: US$0.18 (down from US$0.27 in 3Q 2024). Revenue: US$432.7m (down 12% from 3Q 2024). Net income: US$40.3m (down 33% from 3Q 2024). Profit margin: 9.3% (down from 12% in 3Q 2024). Revenue is forecast to stay flat during the next 4 years compared to a 2.6% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 17% per year. New Risk • Feb 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (20% average weekly change). Minor Risks Dividend is not well covered by earnings (95% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Buy Or Sell Opportunity • Feb 16
Now 57% undervalued after recent price drop Over the last 90 days, the stock has fallen 56% to kr113. The fair value is estimated to be kr263, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 18%. For the next 3 years, revenue is forecast to grow by 0.5% per annum. Earnings are also forecast to grow by 31% per annum over the same time period. Buy Or Sell Opportunity • Jan 28
Now 60% undervalued after recent price drop Over the last 90 days, the stock has fallen 55% to kr113. The fair value is estimated to be kr282, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 18%. For the next 3 years, revenue is forecast to decline by 2.2% per annum. Earnings are forecast to grow by 31% per annum over the same time period. Aankondiging • Dec 09
Frontline plc Approves to Elect Richard C. Prince as Director Frontline plc at 2025 Annual General Meeting held on 8 December 2025 approved to elect Richard C. Prince as a Director of the Company. New Risk • Nov 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Dividend is not well covered by earnings (95% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Declared Dividend • Nov 24
Third quarter dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 12th December 2025 Payment date: 19th December 2025 Dividend yield will be 6.8%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (71% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 5.7% to bring the payout ratio under control. EPS is expected to grow by 99% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Nov 24
Third quarter 2025 earnings released: EPS: US$0.18 (vs US$0.27 in 3Q 2024) Third quarter 2025 results: EPS: US$0.18 (down from US$0.27 in 3Q 2024). Revenue: US$432.7m (down 12% from 3Q 2024). Net income: US$40.3m (down 33% from 3Q 2024). Profit margin: 9.3% (down from 12% in 3Q 2024). Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 2.5%. Declared Dividend • Sep 01
Second quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 12th September 2025 Payment date: 24th September 2025 Dividend yield will be 3.9%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is covered by cash flows (64% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. EPS is expected to grow by 189% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: US$0.35 (vs US$0.84 in 2Q 2024) Second quarter 2025 results: EPS: US$0.35 (down from US$0.84 in 2Q 2024). Revenue: US$480.1m (down 14% from 2Q 2024). Net income: US$77.5m (down 59% from 2Q 2024). Profit margin: 16% (down from 34% in 2Q 2024). Revenue is expected to decline by 8.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 12%. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment deteriorates as stock falls 41% After last week's 41% share price decline to kr113, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 52% over the past year. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorates as stock falls 40% After last week's 40% share price decline to kr113, the stock trades at a trailing P/E ratio of 11.9x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 55% over the past year. Declared Dividend • Jun 03
First quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 12th June 2025 Payment date: 24th June 2025 Dividend yield will be 11%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 23
First quarter 2025 earnings released: EPS: US$0.15 (vs US$0.81 in 1Q 2024) First quarter 2025 results: EPS: US$0.15 (down from US$0.81 in 1Q 2024). Revenue: US$427.9m (down 26% from 1Q 2024). Net income: US$33.3m (down 82% from 1Q 2024). Profit margin: 7.8% (down from 31% in 1Q 2024). Revenue is forecast to decline by 11% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 36% After last week's 36% share price decline to kr113, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 57% over the past year. Reported Earnings • Apr 11
Full year 2024 earnings released: EPS: US$2.23 (vs US$2.95 in FY 2023) Full year 2024 results: EPS: US$2.23 (down from US$2.95 in FY 2023). Revenue: US$2.05b (up 14% from FY 2023). Net income: US$495.6m (down 25% from FY 2023). Profit margin: 24% (down from 36% in FY 2023). Revenue is forecast to decline by 15% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 46% After last week's 46% share price decline to kr113, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 48% over the past year. Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: US$2.23 (vs US$2.95 in FY 2023) Full year 2024 results: EPS: US$2.23 (down from US$2.95 in FY 2023). Revenue: US$2.05b (up 14% from FY 2023). Net income: US$495.6m (down 25% from FY 2023). Profit margin: 24% (down from 36% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 9.8% p.a. on average during the next 3 years compared to a 1.3% decline forecast for the Oil and Gas industry in the United Kingdom. Aankondiging • Feb 28
Frontline plc Declares Dividend for the Fourth Quarter of 2024 Frontline plc declared a cash dividend of $0.20 per share for the fourth quarter of 2024. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 40% After last week's 40% share price decline to kr113, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 47% over the past year. Buy Or Sell Opportunity • Jan 14
Now 54% undervalued after recent price drop Over the last 90 days, the stock has fallen 53% to kr113. The fair value is estimated to be kr248, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 16% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to kr113, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 43% over the past year. Board Change • Jan 01
High number of new directors There 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. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to kr113, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 41% over the past year. Aankondiging • Dec 13
Frontline plc Approves the Election of Directors Frontline 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. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment deteriorates as stock falls 40% After last week's 40% share price decline to kr113, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 42% over the past year. Declared Dividend • Nov 29
Third quarter dividend of US$0.34 announced Shareholders will receive a dividend of US$0.34. Ex-date: 11th December 2024 Payment date: 31st December 2024 Dividend yield will be 9.4%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (79% 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 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 28
Third quarter 2024 earnings released: EPS: US$0.27 (vs US$0.48 in 3Q 2023) Third quarter 2024 results: EPS: US$0.27 (down from US$0.48 in 3Q 2023). Revenue: US$490.4m (up 30% from 3Q 2023). Net income: US$60.5m (down 44% from 3Q 2023). Profit margin: 12% (down from 29% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 4.9% p.a. on average during the next 3 years compared to a 1.9% decline forecast for the Oil and Gas industry in the United Kingdom. Aankondiging • Nov 28
Frontline plc Declares Dividend for the Third Quarter of 2024, Payable on or About December 31, 2024 The 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. Buy Or Sell Opportunity • Nov 21
Now 52% undervalued after recent price drop Over the last 90 days, the stock has fallen 56% to kr113. The fair value is estimated to be kr237, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 76%. Revenue is forecast to decline by 13% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 45% After last week's 45% share price decline to kr113, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 3x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 48% over the past year. Buy Or Sell Opportunity • Nov 05
Now 54% undervalued after recent price drop Over the last 90 days, the stock has fallen 55% to kr113. The fair value is estimated to be kr248, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 76%. Revenue is forecast to decline by 7.5% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. 