Frontline plc

BATS-CHIXE:FROO Stock Report

Market Cap: NOK 34.9b

Frontline Valuation

Is FROO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FROO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FROO (NOK155.9) is trading below our estimate of fair value (NOK494.13)

Significantly Below Fair Value: FROO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FROO?

Key metric: As FROO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FROO. This is calculated by dividing FROO's market cap by their current earnings.
What is FROO's PE Ratio?
PE Ratio5.6x
EarningsUS$547.22m
Market CapUS$3.07b

Price to Earnings Ratio vs Peers

How does FROO's PE Ratio compare to its peers?

The above table shows the PE ratio for FROO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.8x
NWF NWF Group
8.3x4.4%UK£75.4m
ENOG Energean
8.3x7.5%UK£1.8b
YCA Yellow Cake
7.3x-79.9%UK£1.1b
ITH Ithaca Energy
19.2x-3.9%UK£1.7b
FROO Frontline
5.6x14.3%NOK 3.1b

Price-To-Earnings vs Peers: FROO is good value based on its Price-To-Earnings Ratio (5.6x) compared to the peer average (10.9x).

Price to Earnings Ratio vs Industry

How does FROO's PE Ratio compare vs other companies in the GB Oil and Gas Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ROSN Rosneft Oil
1.5xn/aUS$21.03b
INDI Indus Gas
0.9xn/aUS$19.03m
No more companies available in this PE range
No. of Companies4PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FROO is good value based on its Price-To-Earnings Ratio (5.6x) compared to the UK Oil and Gas industry average (9.3x).

Price to Earnings Ratio vs Fair Ratio

What is FROO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FROO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FROO's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FROO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 311.37
0%
14.6%NOK 410.83NOK 266.49n/a7
Dec ’25NOK 180.93
NOK 309.73
+71.2%
14.6%NOK 408.67NOK 265.08n/a7
Nov ’25NOK 214.00
NOK 335.53
+56.8%
10.9%NOK 406.79NOK 291.35n/a6
Oct ’25n/a
NOK 340.61
0%
8.0%NOK 392.33NOK 318.11n/a5
Sep ’25NOK 260.70
NOK 342.86
+31.5%
7.5%NOK 392.44NOK 318.20n/a5
Aug ’25n/a
NOK 358.10
0%
7.3%NOK 407.77NOK 330.63n/a5
Jul ’25NOK 274.15
NOK 334.71
+22.1%
3.5%NOK 346.32NOK 314.84n/a5
Jun ’25n/a
NOK 334.71
0%
3.5%NOK 346.32NOK 314.84n/a5
May ’25NOK 254.40
NOK 327.67
+28.8%
8.4%NOK 366.56NOK 288.81n/a7
Apr ’25n/a
NOK 298.36
0%
10.6%NOK 341.36NOK 237.88n/a7
Mar ’25n/a
NOK 283.34
0%
12.3%NOK 336.65NOK 234.61n/a7
Feb ’25n/a
NOK 280.41
0%
11.9%NOK 336.52NOK 231.36n/a7
Jan ’25n/a
NOK 256.13
0%
18.6%NOK 341.40NOK 181.37n/a7
Dec ’24NOK 242.10
NOK 251.11
+3.7%
19.4%NOK 341.40NOK 181.37NOK 180.937
Nov ’24n/a
NOK 238.09
0%
9.9%NOK 268.08NOK 189.89NOK 214.007
Oct ’24n/a
NOK 217.19
0%
12.0%NOK 250.88NOK 182.26n/a7
Sep ’24n/a
NOK 217.70
0%
11.8%NOK 250.05NOK 181.66NOK 260.707
Aug ’24n/a
NOK 209.24
0%
12.3%NOK 237.59NOK 183.59n/a4
Jul ’24NOK 151.40
NOK 209.24
+38.2%
12.3%NOK 237.59NOK 183.59NOK 274.154
Jun ’24NOK 172.52
NOK 195.70
+13.4%
19.6%NOK 244.28NOK 138.80n/a4
May ’24NOK 161.90
NOK 199.43
+23.2%
21.4%NOK 239.84NOK 130.35NOK 254.404
Apr ’24NOK 171.20
NOK 199.43
+16.5%
21.4%NOK 239.84NOK 130.35n/a4
Mar ’24NOK 188.30
NOK 192.10
+2.0%
23.0%NOK 238.82NOK 129.80n/a4
Feb ’24NOK 141.47
NOK 168.05
+18.8%
19.8%NOK 217.48NOK 123.57n/a4
Jan ’24NOK 117.90
NOK 155.26
+31.7%
15.2%NOK 185.82NOK 122.25n/a4
Dec ’23NOK 136.70
NOK 153.99
+12.6%
12.0%NOK 170.26NOK 125.19NOK 242.104

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 01:10
End of Day Share Price 2024/12/12 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Frontline plc is covered by 26 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anders HolteABG Sundal Collier
Glenn LoddenABN AMRO Bank N.V.
Erik StavsethArctic Securities ASA