Our opinion on the current state of FRONTIERT(FTH)Frontier Transport (FTH) is a bus company whose major asset is Golden Arrow Bus Services, but which also owns Sibanye Bus Services, Table Bay Rapid Transit, N2 Express, Eljosa Travel and Tour, Shuttle Up, and Alpine Truck and Bus. The company says, "The current portfolio is rooted in the commuter bus and luxury coach segments. Through its principal subsidiary Golden Arrow Bus Services, with over 160 years of proven operational expertise."
In its results for the year to 31st March 2024, the company reported revenue up 8.9% and headline earnings per share (HEPS) up 37.8%. The company said, "The Group is pleased to show attributable Group profit for the period of R394.5 million (a 42.2% increase on prior year) and headline earnings at R385.3 million (an increase of 38.1% on prior year). The increase in finance costs of 45.1% is mainly due to the acquisition of new commuter buses. Investment income increased by 60.1% from R35.6 million to R56.9 million in the current period."
Technically, the share trades about R92,000 worth of shares on average every day and has been in a gradual upward trend. Obviously, a company like this was heavily impacted by COVID-19 and travel restrictions, but it does appear to have recovered.
