Frontline Historical Income Statement
| FRO Stock | USD 16.18 0.60 3.58% |
Historical analysis of Frontline income statement accounts such as Selling General Administrative of 65.5 M or Total Revenue of 1.9 B can show how well Frontline performed in making a profits. Evaluating Frontline income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Frontline's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Frontline latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Frontline is a good buy for the upcoming year.
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About Frontline Income Statement Analysis
Frontline Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Frontline shareholders. The income statement also shows Frontline investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Frontline Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Frontline generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Frontline minus its cost of goods sold. It is profit before Frontline operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from Frontline's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Frontline current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Frontline. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Frontline Stock, please use our How to Invest in Frontline guide.At this time, Frontline's Income Before Tax is very stable compared to the past year. As of the 1st of December 2024, Net Income is likely to grow to about 689.2 M, while Depreciation And Amortization is likely to drop about 135.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 30.6M | 481M | 776.1M | 428.5M | Total Revenue | 749.4M | 1.4B | 1.8B | 1.9B |
Frontline income statement Correlations
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Frontline Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Frontline income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 126.1M | 138.8M | 165.2M | 165.2M | 230.9M | 135.7M | |
| Interest Expense | 94.5M | 72.2M | 61.4M | 98.7M | 178.5M | 104.2M | |
| Selling General Administrative | 45.0M | 58.8M | 27.9M | 48.3M | 53.5M | 65.5M | |
| Total Revenue | 957.3M | 1.2B | 749.4M | 1.4B | 1.8B | 1.9B | |
| Gross Profit | 278.5M | 536.7M | 30.6M | 481M | 776.1M | 428.5M | |
| Other Operating Expenses | 720.4M | 713.4M | 740.8M | 988.0M | 1.1B | 680.5M | |
| Operating Income | 239.5M | 507.8M | 29.9M | 442.8M | 746.7M | 784.0M | |
| Ebit | 239.5M | 489.6M | 52.0M | 560.7M | 832.3M | 873.9M | |
| Ebitda | 365.6M | 628.3M | 217.2M | 725.8M | 1.1B | 1.1B | |
| Cost Of Revenue | 678.8M | 684.5M | 718.8M | 949.2M | 1.0B | 1.1B | |
| Total Operating Expenses | 41.6M | 28.9M | 22.0M | 38.8M | 29.4M | 28.0M | |
| Income Before Tax | 140.3M | 413.0M | (6.5M) | 473.1M | 656.6M | 689.4M | |
| Total Other Income Expense Net | (99.2M) | (94.8M) | (18.1M) | 16.1M | (90.0M) | (85.5M) | |
| Net Income | 140.0M | 412.9M | (11.1M) | 475.5M | 656.4M | 689.2M | |
| Income Tax Expense | 307K | (14K) | 4.6M | 412K | 205K | 194.8K | |
| Net Income From Continuing Ops | 140.0M | 413.0M | (11.1M) | 472.7M | 777.1M | 816.0M | |
| Net Income Applicable To Common Shares | 140.0M | 412.9M | (11.1M) | 472.7M | 543.6M | 570.8M | |
| Minority Interest | 417K | 232K | (472K) | (10K) | (9K) | (8.6K) | |
| Tax Provision | 307K | (14K) | 4.6M | 412K | 181K | 172.0K | |
| Interest Income | 99.6M | 94.9M | 37.0M | 1.5M | 12.2M | 11.6M | |
| Net Interest Income | (93.0M) | (71.5M) | (61.3M) | (97.2M) | (154.4M) | (146.7M) | |
| Reconciled Depreciation | 117.9M | 138.8M | 153.0M | 156.2M | 213.8M | 164.0M |
Pair Trading with Frontline
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Frontline position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Frontline will appreciate offsetting losses from the drop in the long position's value.Moving together with Frontline Stock
Moving against Frontline Stock
| 0.73 | DTM | DT Midstream | PairCorr |
| 0.71 | ENLC | EnLink Midstream LLC | PairCorr |
| 0.7 | KMI | Kinder Morgan Fiscal Year End 15th of January 2025 | PairCorr |
| 0.69 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.69 | OKE | ONEOK Inc | PairCorr |
The ability to find closely correlated positions to Frontline could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Frontline when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Frontline - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Frontline to buy it.
The correlation of Frontline is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Frontline moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Frontline moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Frontline can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Frontline. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Frontline Stock, please use our How to Invest in Frontline guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Frontline. If investors know Frontline will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Frontline listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.19) | Earnings Share 2.46 | Revenue Per Share 8.654 | Quarterly Revenue Growth 0.084 | Return On Assets 0.0746 |
The market value of Frontline is measured differently than its book value, which is the value of Frontline that is recorded on the company's balance sheet. Investors also form their own opinion of Frontline's value that differs from its market value or its book value, called intrinsic value, which is Frontline's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Frontline's market value can be influenced by many factors that don't directly affect Frontline's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Frontline's value and its price as these two are different measures arrived at by different means. Investors typically determine if Frontline is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Frontline's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.