WallStSmart

Frontline Ltd (FRO)vsPetroleo Brasileiro Petrobras SA ADR (PBR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Petroleo Brasileiro Petrobras SA ADR generates 20105% more annual revenue ($548.49B vs $2.71B). FRO leads profitability with a 54.8% profit margin vs 24.3%. FRO appears more attractively valued with a PEG of 5.58. PBR earns a higher WallStSmart Score of 84/100 (A-).

FRO

Strong Buy

73

out of 100

Grade: B

Growth: 9.3Profit: 9.5Value: 6.0Quality: 6.0
Piotroski: 5/9Altman Z: 1.61

PBR

Exceptional Buy

84

out of 100

Grade: A-

Growth: 7.3Profit: 9.0Value: 7.3Quality: 5.5
Piotroski: 4/9Altman Z: 2.11
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FROUndervalued (+10.9%)

Margin of Safety

+10.9%

Fair Value

$33.81

Current Price

$47.92

$14.11 discount

UndervaluedFair: $33.81Overvalued
PBRUndervalued (+88.9%)

Margin of Safety

+88.9%

Fair Value

$187.43

Current Price

$20.76

$166.67 discount

UndervaluedFair: $187.43Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FRO6 strengths · Avg: 10.0/10
P/E RatioValuation
7.5x10/10

Attractively priced relative to earnings

Return on EquityProfitability
31.9%10/10

Every $100 of equity generates 32 in profit

Profit MarginProfitability
54.8%10/10

Keeps 55 of every $100 in revenue as profit

Operating MarginProfitability
65.8%10/10

Strong operational efficiency at 65.8%

Revenue GrowthGrowth
96.5%10/10

Revenue surging 96.5% year-over-year

EPS GrowthGrowth
750.0%10/10

Earnings expanding 750.0% YoY

PBR6 strengths · Avg: 9.8/10
P/E RatioValuation
5.3x10/10

Attractively priced relative to earnings

Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Operating MarginProfitability
44.7%10/10

Strong operational efficiency at 44.7%

Revenue GrowthGrowth
42.3%10/10

Revenue surging 42.3% year-over-year

EPS GrowthGrowth
96.8%10/10

Earnings expanding 96.8% YoY

Market CapQuality
$134.04B9/10

Large-cap with strong market position

Areas to Watch

FRO2 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.614/10

Distress zone — elevated risk

PEG RatioValuation
5.582/10

Expensive relative to growth rate

PBR1 concerns · Avg: 2.0/10
PEG RatioValuation
5.962/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : FRO

The strongest argument for FRO centers on P/E Ratio, Return on Equity, Profit Margin. Profitability is solid with margins at 54.8% and operating margin at 65.8%. Revenue growth of 96.5% demonstrates continued momentum.

Bull Case : PBR

The strongest argument for PBR centers on P/E Ratio, Price/Book, Operating Margin. Profitability is solid with margins at 24.3% and operating margin at 44.7%. Revenue growth of 42.3% demonstrates continued momentum.

Bear Case : FRO

The primary concerns for FRO are Altman Z-Score, PEG Ratio.

Bear Case : PBR

The primary concerns for PBR are PEG Ratio.

Key Dynamics to Monitor

FRO carries more volatility with a beta of 0.06 — expect wider price swings.

FRO is growing revenue faster at 96.5% — sustainability is the question.

PBR generates stronger free cash flow (7.3B), providing more financial flexibility.

Monitor OIL & GAS MIDSTREAM industry trends, competitive dynamics, and regulatory changes.

Bottom Line

PBR scores higher overall (84/100 vs 73/100), backed by strong 24.3% margins and 42.3% revenue growth. Both earn "Exceptional Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Frontline Ltd

ENERGY · OIL & GAS MIDSTREAM · USA

Frontline Ltd., a shipping company, is engaged in shipping crude oil and petroleum products globally. The company is headquartered in Hamilton, Bermuda.

Petroleo Brasileiro Petrobras SA ADR

ENERGY · OIL & GAS INTEGRATED · USA

Petrleo Brasileiro SA - Petrobras produces and sells oil and gas in Brazil and internationally. The company is headquartered in Rio de Janeiro, Brazil.

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