NYSE:FRO (Bermuda) Also Trade In: Germany Mexico Norway Sweden UK

Frontline Ltd $ 7.51 -0.04 (-0.53%)

Volume:
2,844,021
Avg Vol (1m):
4,513,230
Market Cap $:
1.50 Bil
Enterprise Value $:
3.53 Bil
P/E (TTM):
8.18
P/B:
0.94
Warning! GuruFocus has detected 4 Severe warning signs with FRO. Click here to check it out.
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FRO News and Headlines - Frontline

GuruFocus Articles Total 22
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DHT Holdings tops the list

According to the GuruFocus All-in-One Screener, a Premium feature, the following guru-owned stocks have outperformed the S&P 500 Index over the past 12 months as of April 27.

Euronav

Euronav NV (EURN) has a market cap of $2.35 billion. It has outperformed the S&P 500 by 22.67% over the past year.

Shares are trading with a price-book ratio of 1.04. According to the DCF calculator, the stock is overpriced by 103% at $11.3. As of Monday, the share price was 56.73% above the 52-week low and 14.46% below the 52-week high.

The company, which operates a fleet of

194 Views    Tiziano Frateschi    2020-04-27 16:46
Thoughts from Mohnish Pabrai on risk and uncertainty

In times of market volatility, investors should be aware of the difference between risk and uncertainty. Risk and uncertainty are two different concepts, but investors often confuse the two.

However, the difference between risk and uncertainty is not clear-cut, which is why so many investors tend to make a mistake when trying to distinguish between them.

In investing, risk can be defined as being the chance of permanent capital impairment. Meanwhile, uncertainty can be defined as not knowing what the future holds, i.e., a wide range of possible outcomes.

A company can have a lot of uncertainty, but little risk.

977 Views    Rupert Hargreaves    2020-04-02 18:52
Horizon Kinetics reported 2nd-quarter earnings and highlighted a very interesting industry

Horizon Kinetics LLC is a value investing shop lead by Murray Stahl (Trades, Portfolio) and Steven Bregman. The firm employs a true long-term and contrarian investment philosophy. They put out some of the most original and interesting research I’ve come across. In their second-quarter commentary, they highlighted a pocket within this overvalued market they find highly compelling: the shipping industry. As true contrarians they like because it sucks:

"Ocean shipping has its own business cycle, which is not coincident with the U.S. business cycle. In a depression since 2008, it is

117 Views    Bram de Haas    2018-08-07 15:42
Using uncertainty to play to your advantage

A few weeks ago, I covered a lecture Mohnish Pabrai gave at the Guanghua School of Management in what was the first value investing course ever to be held in China two years ago.

The talk focused on Pabrai's process for finding 100-baggers, stocks that have the potential to increase in value 100 times -- the rare birds of the investing world.

In the lecture, Pabrai outlined the five different types of stocks he believed were the best placed to achieve this goal. This list included:

  1. Companies that can be run by idiots.
  2. Companies that cannot be run
2247 Views    Rupert Hargreaves    2018-07-05 15:34
What's the best shipping company to buy in the environment of low rates and a high market?

I’ve been quite interested in investing in shipping over the years. Currently shipping rates are very low and shipping stocks depressed. Meanwhile the S&P 500 is at all-time highs. Shipping stocks are not as correlated to the broader market because they respond to shipping rates specifically and not so much to the general economic outlook. Now is a perfect time to look more closely at shipping stocks and get some solid diversification.

Unfortunately, shipping is a very asset-intensive industry and it takes a tremendous amount of time to determine the value of each company's fleet. Especially as there are something

93 Views    Bram de Haas    2018-01-24 15:34
Ship Finance International's revenue and profits down in 1st quarter

Ship Finance International Ltd. (SFL), the $1.4 billion Bermuda-based shipping and ports company, reported 17.6% year-over-year revenue reduction to $96.9 million and a disappointing 31% drop in profits to $32.3 million in the first quarter a 33.3% margin compared to 39.8% in the same period last year.

Despite having lower operating expenses, Ship Finance recorded lower results in associate and interest income while having an overall increase of $3.86 million in interest expenses resulting in lower profits in the period.

"Ship Finance continues to take steps to strengthen its balance sheet and diversify its contracted

130 Views    Mark Yu    2017-07-20 15:14
More risk than reward?

The $993.4 million shipping and ports company reported its first-quarter 2017 results in May. The Bermuda-based Frontline Ltd. registered a 22% revenue drop to $177 million and a more severe 66% drop in profits to $27 million—with a 15.3% margin compared to 34.7% in the year-prior period.

Operating expenses have climbed 26% year over year, therefore leading to far less profits in the recent period. As observed, the company recorded 55% increase in voyage expenses and commission and added a $21.2 million in investment impairment loss in relation to four vessels leased from Ship Finance.

Frontline expects to record another

155 Views    Mark Yu    2017-07-16 21:58
Shippers have consistently underperformed for the past century

During the first decade of the new millennium, the shipping sector was what can only be described as a goldmine. The rise of China as a global trading superpower, an aging fleet and easy access to credit allowed shipping companies around the world to expand rapidly, plowing billions into new vessels that were quickly snapped up on trading routes. The rising demand for transportation capacity also sent spot rates for vessel charters skyrocketing, improving the economics of shippers and making it look as if their rapid expansion was the right course of action. However, the financial crisis exposed these companies

288 Views    Rupert Hargreaves    2017-01-16 22:21
Many shipping stocks look cheap. Should investors dive in or give the sector a wide berth?

On valuation alone, the global shipping sector is probably the most attractive industry on the entire market. The dry bulk, tanker and box shipping industries are full of companies trading at a double-digit discount to net asset values.

For example, shares in companies such as Teekay LNG Partners (TGP), Frontline Ltd. (FRO), Euronav NV (EURN), Seaspan (SSW), Teekay Offshore (TOO), Costamare (CMRE), Navigator Holdings (NVGS), Diana Shipping (DSX), Safe Bulkers (SB), DryShips (DRYS), Scorpio Bulkers (SALT) and TOP Ships (TOPS) all trade at an average price-book (P/B) of less than 0.5. Such a discount implies an upside of 100% if

804 Views    Rupert Hargreaves    2016-12-06 22:30

Frontline’s (FRO) gross profit margin was lower than desirable reaching the 26.96% mark. Despite the gross profit margin’s mixed results, Frontline’s net profit margin of -9.60% is significantly lower than the industry average.

Frontline closed out last Wednesday with their stocks being valued at $2.41, a gain of 1.26% with an ROI of -6.20%. The stock traded at a volume of 2,226,975 shares. The stock’s quarterly performance was -17.18% with its 52-week low hitting 104.24%. The stock’s performance in May hit a -18.86% profit margin. It is expected to be a fast-moving stock in the shipping industry with an EPS

667 Views    Business Reports    2015-05-20 14:56

Ship Finance International (SFL) is an international ship owning and chartering company, with a fleet size of 70 vessels and rigs in its asset portfolio as of September 2014. The company's assets include oil tankers, dry bulk carriers, jack-ups and ultra-deep-water rigs. Ship Finance International earns its major revenue share from chartering of assets primarily under medium- to long-term bareboat or time charters.

Going by the industry experts, Ship Finance International is a stock to stay invested in, which currently doles out a quarterly dividend payout of $0.41 per share and a dividend yield of 9.8%

1296 Views    reports.droy    2014-12-05 21:51

Complete Pabrai Funds Annual Meeting Notes: September 10, 2011, in Chicago

Note: A recorder wasn't used and therefore the following is a summary of what he said rather than an exact transcript. [b]Prepared Comments:[/b] $100,000 invested in June of 2000 would be $554,600 today. This is an annualized return of 17.3% since 2000 vs. 1.1% over the same period for the S&P 500. Assets under management: $580 million A few past ideas: International Coal Group: Purchased in February 2010 at $4.3 Sold April 2011 at $10.30 138% return in slightly over 1 year Wilbur Ross founded the company and sought
1331 Views    Alex Bossert    2011-09-13 15:55
Last week’s top five guru bargain stocks were CLWR, ACXM, FRO, TLAB and MTG. According to [url=http://www.gurufocus.com/Guru_bargins.php]GuruFocus updates[/url], these stocks have declined the most since Gurus have bought. [b]Clearwire Corp. (CLWR): Down 27% Since [url=http://www.gurufocus.com/StockBuy.php?GuruName=Larry+Robbins]Larry Robbins[/url] Bought in the Quarter Ended on 3/31/2011[/b] [url=http://www.gurufocus.com/StockBuy.php?GuruName=Larry+Robbins]Larry Robbins[/url] added to his holdings in Internet company Clearwire Corp. by 35.21% during the quarter ended 03/31/2011. His purchase prices were between $4.78 and $5.91, with an estimated average price of $5.43. Since then the prices of Clearwire Corp. shares have declined by 27% from the estimated average. [url=http://www.gurufocus.com/StockBuy.php?GuruName=Larry+Robbins]Larry Robbins[/url] owned 9,190,980 shares of as of
2087 Views    hyperman299    2011-06-13 14:12
Last week’s top five guru bargains were FRO, RMBS, HCBK, CLWR, and ATLS. According to [url=http://www.gurufocus.com/Guru_bargins.php]GuruFocus updates[/url], these stocks have declined the most since Gurus have bought. [b]FRONTLINE LTD. (FRO): Down 24% Since [url=http://www.gurufocus.com/StockBuy.php?GuruName=David+Dreman]David Dreman[/url] Bought In the Quarter Ended on 2010-12-31[/b] [url=http://www.gurufocus.com/StockBuy.php?GuruName=David+Dreman]David Dreman[/url] initiated holdings in Marine Transportation company Frontline Ltd. during the quarter ended 12/31/2010. His purchase prices were between $25.03 and $28.95, with an estimated average price of $27.01. Since then the prices of FRONTLINE LTD. shares have declined by -24% from the estimated average. [url=http://www.gurufocus.com/StockBuy.php?GuruName=David+Dreman]David Dreman[/url] owned 1,257,248 shares of as of 12/31/2010. FRONTLINE LTD's business
3193 Views    hyperman299    2011-05-21 21:30
During the financial crisis, there was one distinct factor that separated firms that survived from those that perished. This characteristic can be attributed to almost every long-lasting company in the United States today. Being able to alter your operations when the business environment changes makes [i]flexibility [/i]one of the greatest assets of a firm. Yet it is hardly talked about in terms of investing, perhaps because it not easily quantifiable. Even so, being able to recognize a stagnant or inflexible firm can be an immense tool for any investor. To illustrate how failure to respond to changes can affect a
2016 Views    Ryan Vanzo    2011-04-18 02:21
For any industry [b]Break even cost[/b] is very important because if its product or service is trading below the break even cost or cost of production for most of the industry then there is a very good probability that the price of the product or service will go up. There in lie investing opportunities. The break even cost for VLCC [Very Large Crude Carrier] used to transport crude from exporting nations to importing nations has a break even cost of around $31100 per day and for Suezmax [smaller carrier than the VLCC] the break even cost is around $25300 per
2073 Views    Ranjit Kumar    2011-03-01 21:07
I am a big fan of Mohnish and his book the Dhandho investor still remains my favorite and best read so far. I am writing this article only to reflect my opinion & perception of what value Mr. Pabrai may have seen in ATSG stock (Air Transport service group) and does not really reflect Mr. Mohnish's idea or thoughts. Why am I writing this article when this opportunity is already lost? For me it is very simple, there is always a learning. Just like many investors who learnt from Warrant Buffets ideas, this is a learning exercise for me and
3065 Views    nmadhukar    2011-02-04 05:41
I found in my notes last night some comments I had copied and pasted from various interviews with Monish Pabrai. I find that Pabrai does an excellent job of laying out a very intelligent approach to investing, which is one that he has taken directly from Buffett and Munger. And I find that regularly reviewing those key ideas helps keep me focused on making intelligent investing decisions on a daily basis. I don’t always agree with investments that Pabrai makes, but I do like his basic approach. [b]On Buffett’s Different Investing Approaches[/b] There are many different approaches that Buffett has
4406 Views    CanadianValue    2010-09-10 14:38
In his 2003 Annual Meeting, [url=http://www.gurufocus.com/StockBuy.php?GuruName=Mohnish+Pabrai]Mohnish Pabrai[/url] discussed his thesis for his investment in Frontline Ltd (USA) (FRO). I see a number of parallels between HAWK now and FRO then. Here is an extract from the transcript: [quote]Frontline (FRO) is company I’d like to talk about because it is an interesting datapoint on how I look at businesses. Frontline is in the crude oil shipping business. About 2 and half years ago if you asked me if I had any competency or knowledge of the crude oil shipping business, I would say that I knew nothing about the business or
7815 Views    guruek    2010-06-04 13:13
The West Texas Intermediate (WTI) crude oil market went into contango back in June 2008 and reached an apex super contango in late December. ([i]Fig. 1[/i]) Since then, investment firms, investors as well as producers have been stockpiling oil and booked a record number of vessels for storage seeking to profit from the contango effect in the oil market. In fact, the WTI futures curve serves as a good indicator of the U.S. oil inventory levels since a contango typically coincides with higher inventory levels and vice versa. The latest inventory data certainly can attest to this relationship. [b]Bursting U.S.
5287 Views    guruek    2010-01-18 06:03

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