Frontline Ltd. is an international shipping company. Co. is engaged in the seaborne transportation of crude oil and oil products. It operates through tankers segment, which includes crude oil tankers and product tankers. Co.'s fleet consists of approximately 70 vessels, with a capacity of approximately 12.7 million deadweight tonnage (DWT) out of which, the Co. owns approximately 64 vessels (17 very large crude carriers (VLCCs), 27 Suezmax tankers, 20 LR2/Aframax tankers); two VLCCs that are under finance leases; and four vessels that are under the Co.'s commercial management (two Suezmax tankers, and two Aframax tankers). We show 6 historical shares outstanding datapoints in our FRO shares outstanding history coverage, used to compute FRO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FRO market cap history over the course of time is important for investors
interested in comparing FRO's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of FRO versus a peer is one thing; comparing
FRO market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like FRO can fluctuate over the course of history.
With this page we aim to empower investors researching FRO by allowing them to research the FRO market cap history. |
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Video: The Importance of Market Cap
