Frontline Ltd.: Fourth Quarter 2021 Complete Analysis

Feb. 22, 2022 12:17 AM ETFrontline plc (FRO)8 Comments

Summary

  • Frontline reported a net income attributable to the company of $19.78 million for the quarter ended December 31, 2021.
  • As of December 31, 2021, total cash was $115.508 million, and long-term debt, including current, was 2,316.2 million.
  • I recommend accumulating FRO between $7.10 and $6.20.
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Introduction

Bermuda-based Frontline Ltd. (NYSE:FRO) reported its fourth-quarter and full-year 2021 results on February 17, 2022.

1 - 4Q21 and full-year 2021 results snapshot

Frontline reported a net income attributable to the company of $19.78

Slide from FRO Fleet Presentation - large, diverse fleet of modern tankers

FRO Fleet Presentation (FRO: Fleet 4Q21)

Frontline (<a href='https://seekingalpha.com/symbol/FRO' title='Frontline plc'>FRO</a>) - stock performance chart
Data by YCharts

Slide from FRO Fleet Presentation - Q4

FRO Tanker Market - Presentation (Frontline Ltd.)

Frontline (<a href='https://seekingalpha.com/symbol/FRO' title='Frontline plc'>FRO</a>) - revenue history

FRO: Revenues history (Fun Trading)

Frontline (<a href='https://seekingalpha.com/symbol/FRO' title='Frontline plc'>FRO</a>) - cash flow history

FRO: Free cash flow history (Frontline Ltd.)

Frontline (<a href='https://seekingalpha.com/symbol/FRO' title='Frontline plc'>FRO</a>) - cash vs. debt history

FRO: Chart Cash versus Debt history (Fun Trading)

Frontline (<a href='https://seekingalpha.com/symbol/FRO' title='Frontline plc'>FRO</a>) - TA chart short term

FRO: TA chart short term (Fun Trading)

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Additional disclosure: I trade short-term FRO occasionally. I own SFL long-term.

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