Frontline Ltd.


SKU: FRO Category:


Frontline Ltd.: Initiation Of Coverage – How Are They Impacted By The Rising Volatility & Firming Trends In The Market? 


Frontline Ltd had a good financial performance in Q4 2023 even though they didn’t witness the aggressive bull market they were hoping for. They achieved positive returns on their VLCC fleet, recording $42,300 per day, $45,700 per day on their Suezmax, and $42,900 per day on their LR2/Aframax fleet. The strong performance of the Suezmax and LR2 markets led to higher TCNE rates which benefited their year-end earnings. The full year 2023 results showed VLCC, Suezmax, and Aframax LR2 fleets earning $50,300, $52,600, and $46,800 per day respectively, resulting in an over $650 million full-year profit. This marks their best performance in the last 15 years.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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