FRONTLINE PLC (FRO.OL) Fundamental Analysis & Valuation

OSL:FRO • CY0200352116

Current stock price

342 NOK
+14.9 (+4.56%)
Last:

This FRO.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

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.
  • Of the past 5 years FRO 4 years were profitable.
  • FRO had a positive operating cash flow in 4 of the past 5 years.
FRO.OL Yearly Net Income VS EBIT VS OCF VS FCFFRO.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M

1.2 Ratios

  • The Return On Assets of FRO (3.82%) is comparable to the rest of the industry.
  • FRO's Return On Equity of 9.37% is in line compared to the rest of the industry. FRO outperforms 41.03% of its industry peers.
  • The Return On Invested Capital of FRO (6.58%) is comparable to the rest of the industry.
  • FRO had an Average Return On Invested Capital over the past 3 years of 9.37%. This is in line with the industry average of 9.57%.
Industry RankSector Rank
ROA 3.82%
ROE 9.37%
ROIC 6.58%
ROA(3y)8.57%
ROA(5y)7.06%
ROE(3y)21.7%
ROE(5y)17.04%
ROIC(3y)9.37%
ROIC(5y)7.18%
FRO.OL Yearly ROA, ROE, ROICFRO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 -20

1.3 Margins

  • FRO has a better Profit Margin (12.34%) than 64.10% of its industry peers.
  • In the last couple of years the Profit Margin of FRO has declined.
  • The Operating Margin of FRO (25.52%) is better than 64.10% 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 45.19%, FRO is in line with its industry, outperforming 44.87% of the companies in the same industry.
  • In the last couple of years the Gross Margin of FRO has declined.
Industry RankSector Rank
OM 25.52%
PM (TTM) 12.34%
GM 45.19%
OM growth 3Y-0.14%
OM growth 5Y-4.88%
PM growth 3Y-16.6%
PM growth 5Y-10.62%
GM growth 3Y2.91%
GM growth 5Y-2.47%
FRO.OL Yearly Profit, Operating, Gross MarginsFRO.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60

4

2. FRO.OL Health Analysis

2.1 Basic Checks

  • FRO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, FRO has about the same amount of shares outstanding.
  • FRO has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for FRO has been reduced compared to a year ago.
FRO.OL Yearly Shares OutstandingFRO.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
FRO.OL Yearly Total Debt VS Total AssetsFRO.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • An Altman-Z score of 2.05 indicates that FRO is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • FRO's Altman-Z score of 2.05 is in line compared to the rest of the industry. FRO outperforms 51.28% of its industry peers.
  • The Debt to FCF ratio of FRO is 5.82, which is a neutral value as it means it would take FRO, 5.82 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of FRO (5.82) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.27 is on the high side and indicates that FRO has dependencies on debt financing.
  • The Debt to Equity ratio of FRO (1.27) is worse than 75.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 5.82
Altman-Z 2.05
ROIC/WACC0.74
WACC8.84%
FRO.OL Yearly LT Debt VS Equity VS FCFFRO.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • FRO has a Current Ratio of 1.37. This is a normal value and indicates that FRO is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.37, FRO is in line with its industry, outperforming 52.56% of the companies in the same industry.
  • FRO has a Quick Ratio of 1.37. This is a normal value and indicates that FRO is financially healthy and should not expect problems in meeting its short term obligations.
  • FRO has a better Quick ratio (1.37) than 70.51% of its industry peers.
Industry RankSector Rank
Current Ratio 1.37
Quick Ratio 1.37
FRO.OL Yearly Current Assets VS Current LiabilitesFRO.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

5

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.
  • FRO shows a decrease in Revenue. In the last year, the revenue decreased by -4.16%.
  • FRO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.98% yearly.
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 8.03% on average over the next years. This is quite good.
EPS Next Y108.31%
EPS Next 2Y33.26%
EPS Next 3Y28.69%
EPS Next 5YN/A
Revenue Next Year49.68%
Revenue Next 2Y9.82%
Revenue Next 3Y8.03%
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.
FRO.OL Yearly Revenue VS EstimatesFRO.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B
FRO.OL Yearly EPS VS EstimatesFRO.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 2 3

6

4. FRO.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 19.96, the valuation of FRO can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of FRO is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 25.50. FRO is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 9.59, which indicates a very decent valuation of FRO.
  • 88.46% of the companies in the same industry are more expensive than FRO, based on the Price/Forward Earnings ratio.
  • FRO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.67.
Industry RankSector Rank
PE 19.96
Fwd PE 9.59
FRO.OL Price Earnings VS Forward Price EarningsFRO.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, FRO is valued a bit cheaper than 74.36% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.05
EV/EBITDA N/A
FRO.OL Per share dataFRO.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as FRO's earnings are expected to grow with 28.69% in the coming years.
PEG (NY)0.18
PEG (5Y)N/A
EPS Next 2Y33.26%
EPS Next 3Y28.69%

6

5. FRO.OL Dividend Analysis

5.1 Amount

  • FRO has a Yearly Dividend Yield of 5.35%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.88, FRO pays a better dividend. On top of this FRO pays more dividend than 84.62% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, FRO pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.35%

5.2 History

  • On average, the dividend of FRO grows each year by 78.57%, which is quite nice.
Dividend Growth(5Y)78.57%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • FRO pays out 110.35% of its income as dividend. This is not a sustainable payout ratio.
  • FRO's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP110.35%
EPS Next 2Y33.26%
EPS Next 3Y28.69%
FRO.OL Yearly Income VS Free CF VS DividendFRO.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M
FRO.OL Dividend Payout.FRO.OL Dividend Payout, showing the Payout Ratio.FRO.OL Dividend Payout.PayoutRetained Earnings

FRO.OL Fundamentals: All Metrics, Ratios and Statistics

FRONTLINE PLC

OSL:FRO (3/24/2026, 7:00:00 PM)

342

+14.9 (+4.56%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-27
Earnings (Next)05-21
Inst Owners29.73%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap76.14B
Revenue(TTM)1.97B
Net Income(TTM)217.88M
Analysts87.5
Price Target284.2 (-16.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.35%
Yearly Dividend18.61
Dividend Growth(5Y)78.57%
DP110.35%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-31.92%
Min EPS beat(2)-38.99%
Max EPS beat(2)-24.85%
EPS beat(4)0
Avg EPS beat(4)-32.45%
Min EPS beat(4)-44.42%
Max EPS beat(4)-21.54%
EPS beat(8)0
Avg EPS beat(8)-21.91%
EPS beat(12)1
Avg EPS beat(12)-17.02%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)56.87%
Min Revenue beat(2)53.65%
Max Revenue beat(2)60.08%
Revenue beat(4)4
Avg Revenue beat(4)51.47%
Min Revenue beat(4)40.16%
Max Revenue beat(4)60.08%
Revenue beat(8)8
Avg Revenue beat(8)47.42%
Revenue beat(12)11
Avg Revenue beat(12)43.12%
Revenue beat(16)15
Avg Revenue beat(16)53.64%
PT rev (1m)1.98%
PT rev (3m)-4.35%
EPS NQ rev (1m)1.79%
EPS NQ rev (3m)1.4%
EPS NY rev (1m)20.52%
EPS NY rev (3m)16.56%
Revenue NQ rev (1m)0.83%
Revenue NQ rev (3m)1.55%
Revenue NY rev (1m)21.79%
Revenue NY rev (3m)15.75%
Valuation
Industry RankSector Rank
PE 19.96
Fwd PE 9.59
P/S 4.43
P/FCF 14.05
P/OCF 13.8
P/B 3.36
P/tB 3.53
EV/EBITDA N/A
EPS(TTM)17.13
EY5.01%
EPS(NY)35.68
Fwd EY10.43%
FCF(TTM)24.35
FCFY7.12%
OCF(TTM)24.78
OCFY7.25%
SpS77.21
BVpS101.67
TBVpS96.75
PEG (NY)0.18
PEG (5Y)N/A
Graham Number197.95
Profitability
Industry RankSector Rank
ROA 3.82%
ROE 9.37%
ROCE 8.55%
ROIC 6.58%
ROICexc 6.83%
ROICexgc 6.99%
OM 25.52%
PM (TTM) 12.34%
GM 45.19%
FCFM 31.54%
ROA(3y)8.57%
ROA(5y)7.06%
ROE(3y)21.7%
ROE(5y)17.04%
ROIC(3y)9.37%
ROIC(5y)7.18%
ROICexc(3y)9.97%
ROICexc(5y)7.73%
ROICexgc(3y)10.19%
ROICexgc(5y)7.92%
ROCE(3y)12.16%
ROCE(5y)9.32%
ROICexgc growth 3Y1.81%
ROICexgc growth 5Y-3.07%
ROICexc growth 3Y2.03%
ROICexc growth 5Y-2.87%
OM growth 3Y-0.14%
OM growth 5Y-4.88%
PM growth 3Y-16.6%
PM growth 5Y-10.62%
GM growth 3Y2.91%
GM growth 5Y-2.47%
F-Score4
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 5.82
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.56%
Interest Coverage 250
Cash Conversion N/A
Profit Quality 255.64%
Current Ratio 1.37
Quick Ratio 1.37
Altman-Z 2.05
F-Score4
WACC8.84%
ROIC/WACC0.74
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
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 Y108.31%
EPS Next 2Y33.26%
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 Year49.68%
Revenue Next 2Y9.82%
Revenue Next 3Y8.03%
Revenue Next 5YN/A
EBIT growth 1Y-42.95%
EBIT growth 3Y11.02%
EBIT growth 5Y4.61%
EBIT Next Year162.93%
EBIT Next 3Y24.12%
EBIT Next 5YN/A
FCF growth 1Y132.39%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-15.26%
OCF growth 3YN/A
OCF growth 5YN/A

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 6 / 10 to FRONTLINE PLC (FRO.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for FRONTLINE PLC?

FRONTLINE PLC (FRO.OL) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for FRO stock?

The Price/Earnings (PE) ratio for FRONTLINE PLC (FRO.OL) is 19.96 and the Price/Book (PB) ratio is 3.36.


What is the earnings growth outlook for FRONTLINE PLC?

The Earnings per Share (EPS) of FRONTLINE PLC (FRO.OL) is expected to grow by 108.31% in the next year.