Frontline plc

LSE:0REH Stock Report

Market Cap: NOK 78.6b

Frontline Valuation

Is 0REH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 0REH (NOK373.02) is trading below our estimate of future cash flow value (NOK714.46)

Significantly Below Future Cash Flow Value: 0REH is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0REH?

Key metric: As 0REH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0REH. This is calculated by dividing 0REH's market cap by their current earnings.
What is 0REH's PE Ratio?
PE Ratio8.7x
EarningsUS$904.91m
Market CapUS$7.91b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0REH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17x
DCC DCC
19.6x11.18%UK£5.3b
ITH Ithaca Energy
19.3x10.06%UK£3.5b
NWF NWF Group
12.8x15.94%UK£67.9m
KAP National Atomic Company Kazatomprom JSC
16.5x14.60%US$8.8t
0REH Frontline
8.7x-16.81%NOK 7.9b

Price-To-Earnings vs Peers: 0REH is good value based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (17x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ROSN Rosneft Oil
1.5xn/aUS$21.03b
HUR Hurricane Energy
1.8xn/aUS$194.90m
SAVE Savannah Energy
1.4xn/aUS$162.07m
COR Corpus Resources
0.3xn/aUS$1.17m
No more companies available in this PE range
0REH 8.7xIndustry Avg. 15.0xNo. of Companies4PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0REH is good value based on its Price-To-Earnings Ratio (8.7x) compared to the European Oil and Gas industry average (15x).

Price to Earnings Ratio vs Fair Ratio

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 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.7x
Fair PE Ratio11.3x

Price-To-Earnings vs Fair Ratio: 0REH is good value based on its Price-To-Earnings Ratio (8.7x) compared to the estimated Fair Price-To-Earnings Ratio (11.3x).

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 0REH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 373.02
NOK 436.58
+17.04%
15.44%NOK 542.64NOK 365.05n/a4
Jun ’27NOK 320.55
NOK 385.08
+20.13%
7.71%NOK 417.56NOK 343.33n/a4
May ’27NOK 334.28
NOK 390.62
+16.85%
6.52%NOK 418.52NOK 353.41n/a4
Apr ’27NOK 338.43
NOK 402.38
+18.90%
12.05%NOK 448.72NOK 321.91n/a4
Mar ’27NOK 349.12
NOK 347.06
-0.59%
15.56%NOK 399.36NOK 275.75n/a4
Feb ’27NOK 271.20
NOK 290.44
+7.09%
2.74%NOK 297.64NOK 278.43n/a4
Jan ’27NOK 220.75
NOK 297.09
+34.58%
2.21%NOK 303.41NOK 288.24n/a4
Dec ’26NOK 240.80
NOK 301.91
+25.38%
2.14%NOK 307.03NOK 291.68n/a5
Nov ’26NOK 248.55
NOK 277.51
+11.65%
6.19%NOK 299.47NOK 249.56n/a5
Oct ’26NOK 224.05
NOK 251.91
+12.43%
8.11%NOK 277.69NOK 218.19n/a5
Sep ’26NOK 208.42
NOK 241.30
+15.78%
4.43%NOK 249.74NOK 219.77n/a6
Aug ’26NOK 192.05
NOK 243.00
+26.53%
4.81%NOK 253.06NOK 222.70n/a6
Jul ’26NOK 165.00
NOK 240.25
+45.61%
6.14%NOK 251.96NOK 211.65n/a6
Jun ’26NOK 187.90
NOK 240.74
+28.12%
6.14%NOK 252.47NOK 212.08NOK 320.556
May ’26NOK 173.88
NOK 256.21
+47.35%
12.70%NOK 315.81NOK 210.54NOK 334.286
Apr ’26n/a
NOK 278.63
0%
18.84%NOK 390.01NOK 231.90NOK 338.437
Mar ’26n/a
NOK 296.21
0%
19.22%NOK 416.72NOK 247.78NOK 349.127
Feb ’26NOK 199.40
NOK 298.97
+49.93%
20.19%NOK 417.33NOK 225.58NOK 271.207
Jan ’26NOK 157.30
NOK 304.65
+93.68%
18.24%NOK 414.61NOK 224.11NOK 220.757
Dec ’25NOK 186.00
NOK 309.76
+66.54%
14.57%NOK 408.67NOK 265.08NOK 240.807
Nov ’25NOK 210.00
NOK 335.53
+59.78%
10.89%NOK 406.79NOK 291.35NOK 248.556
Oct ’25NOK 244.00
NOK 340.61
+39.59%
8.01%NOK 392.33NOK 318.11NOK 224.055
Sep ’25NOK 260.65
NOK 343.58
+31.82%
7.46%NOK 392.44NOK 318.20NOK 208.425
Aug ’25NOK 270.70
NOK 358.10
+32.29%
7.29%NOK 407.77NOK 330.63NOK 192.055
Jul ’25NOK 267.10
NOK 339.68
+27.17%
3.49%NOK 351.46NOK 319.51NOK 165.005
Jun ’25NOK 304.50
NOK 334.71
+9.92%
3.49%NOK 346.32NOK 314.84NOK 187.905
NOK 464.7
Fair Value
19.7% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/27 04:23
End of Day Share Price 2026/06/26 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Frontline plc is covered by 16 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Gregory LewisBTIG
Marius FurulyCarnegie Investment Bank AB