Added to YB: 2025-10-07
Pitch date: 2025-10-06
FRO [bullish]
Frontline plc
+81.09%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
Frontline plc, a shipping company, engages in the ownership and operation of oil and product tankers worldwide.
Market Cap
$8.4B
Pitch Price
$21.50
Price Target
28.00 (-25%)
Dividend
4.66%
EV/EBITDA
12.47
P/E
22.16
EV/Sales
5.71
Sector
Oil, Gas and Consumable Fuels
Category
dividend
FRO - Equity Research Report (Oct. 2025)
FRO: Leading crude tanker operator w/ 24 VLCCs, 27 Suezmaxes, 18 LR2s (avg age 7yrs). Q3 rev $275M, EBITDA $200M, net profit $70M beat ests. 2025E EBITDA $470M, EPS ~$1.50. NAV $23-24/sh vs $23.15 price. 2026 DPS >$2/sh = 19% yield, FCF-covered. 25-30% LTV, $1.9bn net debt. Firm VLCC rates $60-70k/day, resale $146M anchor valuations. PT $28 = 21% upside + 19% yield = 40% total return. Risk: rate volatility, geopolitics.
Read full article (4 min)