FRONTLINE PLC (FRO.OL) Fundamental Analysis & Valuation
OSL:FRO • CY0200352116
Current stock price
337 NOK
+2.5 (+0.75%)
Last:
This FRO.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. FRO.OL Profitability Analysis
1.1 Basic Checks
- In the past year FRO was profitable.
- FRO had a positive operating cash flow in the past year.
- FRO had positive earnings in 4 of the past 5 years.
- In the past 5 years FRO always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 6.59%, FRO is in the better half of the industry, outperforming 76.81% of the companies in the same industry.
- FRO's Return On Equity of 15.09% is fine compared to the rest of the industry. FRO outperforms 76.81% of its industry peers.
- FRO has a better Return On Invested Capital (8.77%) than 76.81% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for FRO is in line with the industry average of 9.56%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.59% | ||
| ROE | 15.09% | ||
| ROIC | 8.77% |
ROA(3y)8.57%
ROA(5y)7.06%
ROE(3y)21.7%
ROE(5y)17.04%
ROIC(3y)9.34%
ROIC(5y)7.16%
1.3 Margins
- FRO has a better Profit Margin (19.29%) than 84.06% of its industry peers.
- In the last couple of years the Profit Margin of FRO has declined.
- The Operating Margin of FRO (30.47%) is better than 82.61% of its industry peers.
- FRO's Operating Margin has declined in the last couple of years.
- Looking at the Gross Margin, with a value of 49.49%, FRO is in line with its industry, outperforming 55.07% of the companies in the same industry.
- In the last couple of years the Gross Margin of FRO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.47% | ||
| PM (TTM) | 19.29% | ||
| GM | 49.49% |
OM growth 3Y-0.48%
OM growth 5Y-5.08%
PM growth 3Y-16.6%
PM growth 5Y-10.62%
GM growth 3Y2.91%
GM growth 5Y-2.47%
2. FRO.OL Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FRO is still creating some value.
- Compared to 1 year ago, FRO has about the same amount of shares outstanding.
- The number of shares outstanding for FRO has been increased compared to 5 years ago.
- FRO has a better debt/assets ratio than last year.
2.2 Solvency
- FRO has an Altman-Z score of 2.38. This is not the best score and indicates that FRO is in the grey zone with still only limited risk for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 2.38, FRO is in line with its industry, outperforming 55.07% of the companies in the same industry.
- FRO has a debt to FCF ratio of 4.58. This is a neutral value as FRO would need 4.58 years to pay back of all of its debts.
- FRO's Debt to FCF ratio of 4.58 is fine compared to the rest of the industry. FRO outperforms 63.77% of its industry peers.
- FRO has a Debt/Equity ratio of 1.09. This is a high value indicating a heavy dependency on external financing.
- FRO has a Debt to Equity ratio of 1.09. This is in the lower half of the industry: FRO underperforms 73.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | 4.58 | ||
| Altman-Z | 2.38 |
ROIC/WACC0.99
WACC8.86%
2.3 Liquidity
- A Current Ratio of 1.43 indicates that FRO should not have too much problems paying its short term obligations.
- FRO's Current ratio of 1.43 is in line compared to the rest of the industry. FRO outperforms 53.62% of its industry peers.
- FRO has a Quick Ratio of 1.19. This is a normal value and indicates that FRO is financially healthy and should not expect problems in meeting its short term obligations.
- The Quick ratio of FRO (1.19) is better than 65.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.43 | ||
| Quick Ratio | 1.19 |
3. FRO.OL Growth Analysis
3.1 Past
- The earnings per share for FRO have decreased by -1.12% in the last year.
- The Earnings Per Share has been decreasing by -3.92% on average over the past years.
- The Revenue has decreased by -4.16% in the past year.
- Measured over the past years, FRO shows a quite strong growth in Revenue. The Revenue has been growing by 9.98% on average per year.
EPS 1Y (TTM)-1.12%
EPS 3Y4.55%
EPS 5Y-3.92%
EPS Q2Q%415%
Revenue 1Y (TTM)-4.16%
Revenue growth 3Y11.17%
Revenue growth 5Y9.98%
Sales Q2Q%-0.27%
3.2 Future
- Based on estimates for the next years, FRO will show a very strong growth in Earnings Per Share. The EPS will grow by 28.69% on average per year.
- The Revenue is expected to grow by 8.01% on average over the next years. This is quite good.
EPS Next Y200.78%
EPS Next 2Y33.34%
EPS Next 3Y28.69%
EPS Next 5YN/A
Revenue Next Year62.76%
Revenue Next 2Y16.03%
Revenue Next 3Y8.01%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. FRO.OL Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 20.54, FRO is valued on the expensive side.
- FRO's Price/Earnings is on the same level as the industry average.
- When comparing the Price/Earnings ratio of FRO to the average of the S&P500 Index (26.64), we can say FRO is valued slightly cheaper.
- With a Price/Forward Earnings ratio of 6.83, the valuation of FRO can be described as very cheap.
- Based on the Price/Forward Earnings ratio, FRO is valued cheaper than 94.20% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 21.36, FRO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.54 | ||
| Fwd PE | 6.83 |
4.2 Price Multiples
- 66.67% of the companies in the same industry are cheaper than FRO, based on the Enterprise Value to EBITDA ratio.
- FRO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FRO is cheaper than 82.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.01 | ||
| EV/EBITDA | 11.71 |
4.3 Compensation for Growth
- FRO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- FRO has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as FRO's earnings are expected to grow with 28.69% in the coming years.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y33.34%
EPS Next 3Y28.69%
5. FRO.OL Dividend Analysis
5.1 Amount
- FRO has a Yearly Dividend Yield of 5.04%, which is a nice return.
- Compared to an average industry Dividend Yield of 4.64, FRO pays a better dividend. On top of this FRO pays more dividend than 82.61% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, FRO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.04% |
5.2 History
- The dividend of FRO decreases each year by -10.10%.
Dividend Growth(5Y)-10.1%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- FRO pays out 54.62% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP54.62%
EPS Next 2Y33.34%
EPS Next 3Y28.69%
FRO.OL Fundamentals: All Metrics, Ratios and Statistics
OSL:FRO (4/30/2026, 7:00:00 PM)
337
+2.5 (+0.75%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry StrengthN/A
Industry GrowthN/A
Earnings (Last)02-27 2026-02-27/bmo
Earnings (Next)05-21 2026-05-21/bmo
Inst Owners29.31%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap75.02B
Revenue(TTM)1.97B
Net Income(TTM)379.08M
Analysts87.5
Price Target362.19 (7.47%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.04% |
Yearly Dividend8.7
Dividend Growth(5Y)-10.1%
DP54.62%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-24.65%
Min EPS beat(2)-38.99%
Max EPS beat(2)-10.32%
EPS beat(4)0
Avg EPS beat(4)-23.92%
Min EPS beat(4)-38.99%
Max EPS beat(4)-10.32%
EPS beat(8)0
Avg EPS beat(8)-23.17%
EPS beat(12)1
Avg EPS beat(12)-17.06%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)25.9%
Min Revenue beat(2)-8.27%
Max Revenue beat(2)60.08%
Revenue beat(4)3
Avg Revenue beat(4)39.36%
Min Revenue beat(4)-8.27%
Max Revenue beat(4)60.08%
Revenue beat(8)7
Avg Revenue beat(8)39.87%
Revenue beat(12)10
Avg Revenue beat(12)38.78%
Revenue beat(16)14
Avg Revenue beat(16)47.5%
PT rev (1m)27.44%
PT rev (3m)24.25%
EPS NQ rev (1m)6.63%
EPS NQ rev (3m)30.48%
EPS NY rev (1m)44.39%
EPS NY rev (3m)71.28%
Revenue NQ rev (1m)3.76%
Revenue NQ rev (3m)10.22%
Revenue NY rev (1m)8.73%
Revenue NY rev (3m)26.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.54 | ||
| Fwd PE | 6.83 | ||
| P/S | 4.09 | ||
| P/FCF | 12.01 | ||
| P/OCF | 11.79 | ||
| P/B | 3.2 | ||
| P/tB | 3.35 | ||
| EV/EBITDA | 11.71 |
EPS(TTM)16.41
EY4.87%
EPS(NY)49.36
Fwd EY14.65%
FCF(TTM)28.06
FCFY8.33%
OCF(TTM)28.59
OCFY8.48%
SpS82.31
BVpS105.2
TBVpS100.49
PEG (NY)0.1
PEG (5Y)N/A
Graham Number197.081 (-41.52%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.59% | ||
| ROE | 15.09% | ||
| ROCE | 11.39% | ||
| ROIC | 8.77% | ||
| ROICexc | 9.21% | ||
| ROICexgc | 9.42% | ||
| OM | 30.47% | ||
| PM (TTM) | 19.29% | ||
| GM | 49.49% | ||
| FCFM | 34.09% |
ROA(3y)8.57%
ROA(5y)7.06%
ROE(3y)21.7%
ROE(5y)17.04%
ROIC(3y)9.34%
ROIC(5y)7.16%
ROICexc(3y)9.93%
ROICexc(5y)7.71%
ROICexgc(3y)10.16%
ROICexgc(5y)7.9%
ROCE(3y)12.12%
ROCE(5y)9.3%
ROICexgc growth 3Y1.46%
ROICexgc growth 5Y-3.27%
ROICexc growth 3Y1.69%
ROICexc growth 5Y-3.07%
OM growth 3Y-0.48%
OM growth 5Y-5.08%
PM growth 3Y-16.6%
PM growth 5Y-10.62%
GM growth 3Y2.91%
GM growth 5Y-2.47%
F-Score6
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | 4.58 | ||
| Debt/EBITDA | 2.96 | ||
| Cap/Depr | 3.82% | ||
| Cap/Sales | 0.64% | ||
| Interest Coverage | 2.61 | ||
| Cash Conversion | 73.6% | ||
| Profit Quality | 176.73% | ||
| Current Ratio | 1.43 | ||
| Quick Ratio | 1.19 | ||
| Altman-Z | 2.38 |
F-Score6
WACC8.86%
ROIC/WACC0.99
Cap/Depr(3y)326.73%
Cap/Depr(5y)294.06%
Cap/Sales(3y)45.27%
Cap/Sales(5y)44.5%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.12%
EPS 3Y4.55%
EPS 5Y-3.92%
EPS Q2Q%415%
EPS Next Y200.78%
EPS Next 2Y33.34%
EPS Next 3Y28.69%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.16%
Revenue growth 3Y11.17%
Revenue growth 5Y9.98%
Sales Q2Q%-0.27%
Revenue Next Year62.76%
Revenue Next 2Y16.03%
Revenue Next 3Y8.01%
Revenue Next 5YN/A
EBIT growth 1Y-23.41%
EBIT growth 3Y10.64%
EBIT growth 5Y4.4%
EBIT Next Year176.1%
EBIT Next 3Y24.19%
EBIT Next 5YN/A
FCF growth 1Y474.61%
FCF growth 3Y138.29%
FCF growth 5Y10.13%
OCF growth 1Y-7.33%
OCF growth 3Y20.99%
OCF growth 5Y2.47%
FRONTLINE PLC / FRO.OL Fundamental Analysis FAQ
What is the ChartMill fundamental rating of FRONTLINE PLC (FRO.OL) stock?
ChartMill assigns a fundamental rating of 5 / 10 to FRO.OL.
What is the valuation status for FRO stock?
ChartMill assigns a valuation rating of 7 / 10 to FRONTLINE PLC (FRO.OL). This can be considered as Undervalued.
What is the profitability of FRO stock?
FRONTLINE PLC (FRO.OL) has a profitability rating of 6 / 10.
What is the valuation of FRONTLINE PLC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for FRONTLINE PLC (FRO.OL) is 20.54 and the Price/Book (PB) ratio is 3.2.
Is the dividend of FRONTLINE PLC sustainable?
The dividend rating of FRONTLINE PLC (FRO.OL) is 6 / 10 and the dividend payout ratio is 54.62%.