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Frontline (OSTO:FROO) Cyclically Adjusted Revenue per Share : kr85.22 (As of Dec. 2023)


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What is Frontline Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Frontline's adjusted revenue per share for the three months ended in Dec. 2023 was kr19.666. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is kr85.22 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Frontline's average Cyclically Adjusted Revenue Growth Rate was -26.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -23.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -24.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -22.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Frontline was 30.70% per year. The lowest was -27.70% per year. And the median was -8.05% per year.

As of today (2024-05-15), Frontline's current stock price is kr285.70. Frontline's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was kr85.22. Frontline's Cyclically Adjusted PS Ratio of today is 3.35.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Frontline was 3.19. The lowest was 0.07. And the median was 0.20.


Frontline Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Frontline's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Frontline Cyclically Adjusted Revenue per Share Chart

Frontline Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 227.10 162.55 129.29 115.04 85.22

Frontline Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 115.04 111.84 107.38 97.63 85.22

Competitive Comparison of Frontline's Cyclically Adjusted Revenue per Share

For the Oil & Gas Midstream subindustry, Frontline's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Frontline's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Frontline's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Frontline's Cyclically Adjusted PS Ratio falls into.



Frontline Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Frontline's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=19.666/129.4194*129.4194
=19.666

Current CPI (Dec. 2023) = 129.4194.

Frontline Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 54.821 99.695 71.166
201406 37.225 100.560 47.908
201409 43.332 100.428 55.841
201412 -59.193 99.070 -77.327
201503 46.360 99.621 60.227
201506 26.535 100.684 34.108
201509 25.994 100.392 33.510
201512 3.240 99.792 4.202
201603 16.492 100.470 21.244
201606 10.016 101.688 12.747
201609 7.063 101.861 8.974
201612 8.989 101.863 11.421
201703 8.873 102.862 11.164
201706 7.210 103.349 9.029
201709 6.404 104.136 7.959
201712 8.747 104.011 10.884
201803 7.762 105.290 9.541
201806 7.694 106.317 9.366
201809 9.167 106.507 11.139
201812 11.026 105.998 13.462
201903 12.077 107.251 14.573
201906 9.817 108.070 11.756
201909 10.177 108.329 12.158
201912 15.454 108.420 18.447
202003 21.324 108.902 25.342
202006 18.666 108.767 22.210
202009 11.519 109.815 13.575
202012 7.699 109.897 9.067
202103 8.350 111.754 9.670
202106 6.991 114.631 7.893
202109 7.616 115.734 8.517
202112 9.474 117.630 10.424
202203 9.438 121.301 10.070
202206 14.150 125.017 14.648
202209 17.680 125.227 18.272
202212 23.518 125.222 24.306
202303 23.529 127.348 23.912
202306 24.867 128.729 25.000
202309 18.166 129.860 18.104
202312 19.666 129.419 19.666

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Frontline  (OSTO:FROo) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Frontline's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=285.70/85.22
=3.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Frontline was 3.19. The lowest was 0.07. And the median was 0.20.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Frontline Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Frontline's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Frontline (OSTO:FROO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Frontline Plc (OSTO:FROo) » Definitions » Cyclically Adjusted Revenue per Share
Address
8, John Kennedy Street, 7th floor, Iris House, Office 740B, Limassol, CYP, 3106
Frontline Plc is an international shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.

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