Discounted Cash Flow

Frontline Plc. Foreign

FRO · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $754.3m $117.0m $286.0m 15.5% $1.05
2017 $646.3m (-14.3%) $-264.9m (-326.4%) $130.5m (-54.4%) -41.0% (-364.2%) $0.30 (-71.4%)
2018 $742.3m (14.8%) $-8.9m (96.6%) $46.2m (-64.6%) -1.2% (97.1%) $-0.05 (-116.7%)
2019 $628.5m (-15.3%) $140.0m (1676.3%) $280.2m (506.8%) 22.3% (1961.6%) $0.81 (1720.0%)
2020 $428.4m (-31.8%) $412.9m (195.0%) $604.1m (115.6%) 96.4% (332.7%) $2.11 (160.5%)
2021 $640.3m (49.5%) $-11.1m (-102.7%) $62.9m (-89.6%) -1.7% (-101.8%) $-0.06 (-102.8%)
2022 $1.4b (124.6%) $475.5m (4365.7%) $49.5m (-21.3%) 33.1% (1999.1%) $2.22 (3800.0%)
2023 $1.8b (27.0%) $656.6m (38.1%) $-775.2m (-1665.7%) 36.0% (8.7%) $2.95 (32.9%)
2024 $2.2b (18.4%) $503.3m (-23.4%) $-178.8m (76.9%) 23.3% (-35.3%) $2.23 (-24.4%)
2025 $2.0b (-8.8%) $385.1m (-23.5%) $669.9m (474.6%) 19.5% (-16.0%) $1.70 (-23.8%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model