Where Frontline stands after its latest Filing
Revenue for the twelve months was $1.97bn, down 8.8% on a year earlier, against growth of 18.4% a quarter earlier. That puts it 25 of 29 for growth among the oil & gas storage & transportation companies we cover. Free-cash-flow margin rose to 34.0% from -51.6% a year earlier. Operating margin widened to 30.4% from 1.1%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 6 financial-health checks. Our valuation models combined value is $53.75 a share, against a share price of $56.90.