How does 0REH's PE Ratio compare to its peers?

0REH is good value based on its Price-To-Earnings Ratio (5.6x) compared to the peer average (10.8x).

How does 0REH's PE Ratio compare vs other companies in the GB Oil and Gas Industry?

0REH is good value based on its Price-To-Earnings Ratio (5.6x) compared to the UK Oil and Gas industry average (9.3x).

What is 0REH'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.

0REH is good value based on its Price-To-Earnings Ratio (5.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).

What is the Fair Price of 0REH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

0REH (NOK154.35) is trading below our estimate of [[fair value]] (NOK489.2)

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

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

0REH Stock Overview

A shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. More details

0REH fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	2/6
Past Performance	1/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 68.4% below our estimate of its fair value

Earnings are forecast to grow 14.31% per year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 103.5%

Risk Analysis

High level of non-cash earnings

Interest payments are not well covered by earnings

Profit margins (26.8%) are lower than last year (40.5%)

Dividend of 15.75% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Frontline plc Competitors

NWF Group

AIM:NWF

UK£75.4m

Energean

LSE:ENOG

UK£1.8b

Yellow Cake

AIM:YCA

UK£1.1b

Ithaca Energy

LSE:ITH

UK£1.7b

Price History & Performance

Summary of share price highs, lows and changes for Frontline
Historical stock prices
Current Share Price	US$154.35
52 Week High	US$309.90
52 Week Low	US$151.60
Beta	0.032
1 Month Change	-30.88%
3 Month Change	-34.18%
1 Year Change	-27.26%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	357.33%

Recent updates

Shareholder Returns

	0REH	GB Oil and Gas	GB Market
7D	-0.9%	-2.8%	-1.5%
1Y	-27.3%	-9.9%	3.5%

Return vs Industry: 0REH underperformed the UK Oil and Gas industry which returned -9.9% over the past year.

Return vs Market: 0REH underperformed the UK Market which returned 3.5% over the past year.

Price Volatility

Is 0REH's price volatile compared to industry and market?
0REH volatility
0REH Average Weekly Movement	5.9%
Oil and Gas Industry Average Movement	8.4%
Market Average Movement	4.9%
10% most volatile stocks in GB Market	10.6%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0REH has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: 0REH's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1985	88	Lars Barstad	www.frontlineplc.cy

Frontline plc, a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2023, the company operated a fleet of 76 vessels.

Frontline plc Fundamentals Summary

How do Frontline's earnings and revenue compare to its market cap?
0REH fundamental statistics
Market cap	NOK 35.15b
Earnings (TTM)	NOK 6.27b
Revenue (TTM)	NOK 23.37b

5.6x

P/E Ratio

1.5x

P/S Ratio

Is 0REH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0REH income statement (TTM)
Revenue	US$2.04b
Cost of Revenue	US$979.81m
Gross Profit	US$1.06b
Other Expenses	US$512.72m
Earnings	US$547.22m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 28, 2025

Earnings per share (EPS)	2.46
Gross Margin	51.96%
Net Profit Margin	26.83%
Debt/Equity Ratio	161.4%

How did 0REH perform over the long term?

See historical performance and comparison

Dividends

15.7%

Current Dividend Yield

79%

Payout Ratio

Does 0REH pay a reliable dividends?

See 0REH dividend history and benchmarks

When do you need to buy 0REH by to receive an upcoming dividend?
Frontline dividend dates
Ex Dividend Date	Dec 11 2024
Dividend Pay Date	Dec 31 2024
Days until Ex dividend	9 days
Days until Dividend pay date	11 days

Does 0REH pay a reliable dividends?

See 0REH dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 01:14
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analyst	Institution
Anders Holte	ABG Sundal Collier
Glenn Lodden	ABN AMRO Bank N.V.
Erik Stavseth	Arctic Securities ASA