Frontline plc

BATS-CHIXE:FROO Stock Report

Market Cap: NOK 47.5b

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 (NOK219.15) is trading below our estimate of fair value (NOK454.42)

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 Ratio7.6x
EarningsUS$594.51m
Market CapUS$4.28b

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 Average19.1x
NWF NWF Group
8.1x3.1%UK£73.7m
HBR Harbour Energy
46.8x14.4%UK£3.6b
ENOG Energean
8.6x7.0%UK£1.9b
ITH Ithaca Energy
12.8x-9.3%UK£1.6b
FROO Frontline
7.6x5.9%NOK 4.3b

Price-To-Earnings vs Peers: FROO is good value based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (19.1x).

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
1xn/aUS$20.07m
No more companies available in this PE range
No. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FROO is good value based on its Price-To-Earnings Ratio (7.6x) compared to the UK Oil and Gas industry average (8.4x).

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 Ratio7.6x
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
CurrentNOK 219.15
NOK 333.05
+52.0%
12.5%NOK 412.89NOK 290.14n/a6
Nov ’25NOK 214.00
NOK 335.46
+56.8%
10.9%NOK 406.79NOK 291.35n/a6
Oct ’25n/a
NOK 340.52
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 181.37n/a7
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
Nov ’23NOK 137.30
NOK 155.05
+12.9%
11.1%NOK 174.28NOK 128.14n/a4

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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