Investment Thesis - Frontline plc is positioned to benefit from the global outlook for 2024 and 2025, making it a buy opportunity due to significant revenue and profitability growth over the last 12 months, resulting in a high dividend yield [2] - The company has experienced heightened demand driven by geopolitical events, which is expected to continue fueling growth [2] Company Profile - Frontline is an international shipping company headquartered in Limassol, Cyprus, specializing in the transportation of crude oil and refined petroleum with a global fleet of very large crude carriers (VLCCs), Suezmax, and LR2/Aframax [4] - The stock price has increased by 221.3% over the last three years, from $7.38 to $22.89, reflecting a compound annual growth rate (CAGR) of 47.8% [4] Dividend Discussion - Frontline has a choppy dividend track record, with a CAGR of approximately 17.7% over the last decade, and a current dividend of $2.17, yielding 9.4%, significantly higher than the S&P 500 average of 1.35% [6] - The company has a payout ratio of 97.3%, which is considered sustainable as long as growth continues [6] Financial Discussion - Revenue has grown from $240 million in 2014 to $1.8 billion in the last twelve months, representing a CAGR of 25% [7] - The earnings per share (EPS) increased from $1.60 in 2014 to $2.95 today, despite experiencing multiple years of negative EPS [7] - Frontline's net debt is approximately $3.14 billion, with cash and cash equivalents of $308 million, and a negative free cash flow of $775 million due to growth capital expenditures [9] Market Demand - Geopolitical events have increased tanker demand, with estimates of crude tanker demand rising by 6.5-7.5% in 2024 and 2-3% in 2025, driven by changes in trade routes and increased sailing distances [11] - The EU's sanctions on Russia have led to a significant drop in Russian oil exports to the EU, necessitating new markets for oil, which further increases demand for tankers [11] Valuation - Frontline's growth over the past decade suggests it has effectively leveraged debt to become a major tanker operator, with a current Seeking Alpha valuation grade of B+ indicating potential undervaluation [12] - The estimated EPS for 2028 is projected to be $3.95, with a potential share price of around $24.32, suggesting a CAGR of 13% for investors buying at the current price of $22.89 [12]

Finding possibilities for substantial gains in the ever-changing stock market requires both strategic vision and acute perception. Out of all the alternatives, three companies have the potential to yield exceptionally high profits. These companies operate in a variety of industries, including application software, oil and gas transportation and electronic manufacturing services. These companies may strategically take advantage of new trends and market dynamics.For instance, the first one is a multifaceted c ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Frontline (FRO) .FRONTLINE PLC currently has an average brokerage recommen ...

Frontline plc (NYSE:FRO) Q4 2023 Earnings Conference Call February 29, 2024 9:00 AM ET Company Participants Lars Barstad - CEO Inger Klemp - CFO Conference Call Participants Ben Mohr - Deutsche Bank Jonathan Chappell - Evercore ISI Greg Lewis - BTIG Sam Bland - J.P. Morgan Operator Good day and thank you for standing by. Welcome to the Q4 2023 Frontline plc Earnings Conference Call and Webcast. At this time, all participants are in a listen-only mode. [Operator Instructions] Please note that todayÂ’s confer ...

Fourth Quarter Presentation Feb 2024 Forward Looking Statements MATTERS DISCUSSED IN THIS DOCUMENT MAY CONSTITUTE FORWARD-LOOKING STATEMENTS. THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES SAFE HARBOR PROTECTIONS FOR FORWARD-LOOKING STATEMENTS IN ORDER TO ENCOURAGE COMPANIES TO PROVIDE PROSPECTIVE INFORMATION ABOUT THEIR BUSINESS. FORWARD-LOOKING STATEMENTS INCLUDE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, FUTURE EVENTS OR PERFORMANCE, AND UNDERLYING ASSUMPTIONS AND OTHER ST ...

Frontline (FRO) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.54%. A quarter ago, it was expected that this shipping company would post earnings of $0.46 per share when it actually produced earnings of $0.36, delivering a surprise of -21.74%.Over the last four quarters, the comp ...

Frontline Plc (FRO) is expected to report its fourth-quarter 2023 results on Feb 29, before market open.FRO has missed the Zacks Consensus Estimate for earnings in three of the last four quarters and met once, the average miss being 11.87%. The Zacks Consensus Estimate for earnings per share in the to-be-reported quarter has declined 7.1% over the past 60 days.Against this backdrop, let’s take a look at the factors that may have shaped the company’s December-quarter performance.FRO’s performance in the four ...

In the latest trading session, Frontline (FRO) closed at $23.07, marking a +0.26% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 2.11%. Elsewhere, the Dow saw an upswing of 1.18%, while the tech-heavy Nasdaq appreciated by 2.96%.The shipping company's stock has climbed by 5.41% in the past month, exceeding the Transportation sector's gain of 3.91% and the S&P 500's gain of 3.08%.The upcoming earnings release of Frontline will be of great interest to investors. The ...

In the stock market, certain companies stand out as potential game-changers, promising returns and transformative shifts in their respective sectors. Among these, three stocks are positioned at the forefront of their industries, ready to hit unparalleled growth. From energy and transportation to cutting-edge semiconductor technology, these companies are not merely reacting to market trends but shaping them. From fleet expansion strategies driving competitive edges to operational efficiencies fostering resil ...

Frontline (FRO) closed the most recent trading day at $21.48, moving -1.1% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.23% for the day. Meanwhile, the Dow gained 0.37%, and the Nasdaq, a tech-heavy index, added 0.07%.Prior to today's trading, shares of the shipping company had lost 0.28% over the past month. This has lagged the Transportation sector's gain of 0.29% and the S&P 500's gain of 5.3% in that time.The upcoming earnings release of Frontline ...