FRONTLINE PLC (FRO.OL) Fundamental Analysis & Valuation

OSL:FRO • CY0200352116

Current stock price

333.3 NOK
+8.5 (+2.62%)
Last:

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

6

1. FRO.OL Profitability Analysis

1.1 Basic Checks

  • FRO had positive earnings in the past year.
  • FRO had a positive operating cash flow in the past year.
  • Of the past 5 years FRO 4 years were profitable.
  • Each year in the past 5 years FRO had a positive operating cash flow.
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 (6.59%) is better than 76.81% of its industry peers.
  • FRO has a Return On Equity of 15.09%. This is in the better half of the industry: FRO outperforms 76.81% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.77%, FRO is in the better half of the industry, outperforming 76.81% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for FRO is in line with the industry average of 9.56%.
Industry RankSector 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%
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 Profit Margin of 19.29%. This is amongst the best in the industry. FRO outperforms 84.06% of its industry peers.
  • In the last couple of years the Profit Margin of FRO has declined.
  • With an excellent Operating Margin value of 30.47%, FRO belongs to the best of the industry, outperforming 82.61% of the companies in the same industry.
  • FRO's Operating Margin has declined in the last couple of years.
  • With a Gross Margin value of 49.49%, FRO perfoms like the industry average, outperforming 55.07% of the companies in the same industry.
  • In the last couple of years the Gross Margin of FRO has declined.
Industry RankSector 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%
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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FRO is creating some value.
  • Compared to 1 year ago, FRO has about the same amount of shares outstanding.
  • Compared to 5 years ago, FRO has more shares outstanding
  • FRO has a better debt/assets ratio than last year.
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 2.34 indicates that FRO is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.34, 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 has a better Debt to FCF ratio (4.58) than 63.77% of its industry peers.
  • A Debt/Equity ratio of 1.09 is on the high side and indicates that FRO has dependencies on debt financing.
  • The Debt to Equity ratio of FRO (1.09) is worse than 73.91% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF 4.58
Altman-Z 2.34
ROIC/WACC1
WACC8.78%
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

  • 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.
  • FRO has a better Quick ratio (1.19) than 65.22% of its industry peers.
Industry RankSector Rank
Current Ratio 1.43
Quick Ratio 1.19
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.
  • FRO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.92% yearly.
  • Looking at the last year, FRO shows a decrease in Revenue. The Revenue has decreased by -4.16% in the last 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.
  • Based on estimates for the next years, FRO will show a quite strong growth in Revenue. The Revenue will grow by 8.01% on average per year.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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 4 5

7

4. FRO.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 20.45, FRO is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of FRO is on the same level as its industry peers.
  • FRO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.15.
  • Based on the Price/Forward Earnings ratio of 6.80, the valuation of FRO can be described as very cheap.
  • 94.20% of the companies in the same industry are more expensive than FRO, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of FRO to the average of the S&P500 Index (22.12), we can say FRO is valued rather cheaply.
Industry RankSector Rank
PE 20.45
Fwd PE 6.8
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 Enterprise Value to EBITDA ratio, FRO is valued a bit more expensive than the industry average as 63.77% of the companies are valued more cheaply.
  • 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 RankSector Rank
P/FCF 11.96
EV/EBITDA 11.45
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

  • FRO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of FRO may justify a higher PE ratio.
  • FRO's earnings are expected to grow with 28.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y33.34%
EPS Next 3Y28.69%

6

5. FRO.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.04%, FRO is a good candidate for dividend investing.
  • FRO's Dividend Yield is rather good when compared to the industry average which is at 4.64. FRO pays more dividend than 82.61% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, FRO pays a better dividend.
Industry RankSector 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

  • 54.62% of the earnings are spent on dividend by FRO. This is a bit on the high side, but may be sustainable.
DP54.62%
EPS Next 2Y33.34%
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 (4/28/2026, 11:14:17 AM)

333.3

+8.5 (+2.62%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-27
Earnings (Next)05-21
Inst Owners29.31%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap74.20B
Revenue(TTM)1.97B
Net Income(TTM)379.08M
Analysts87.5
Price Target362.19 (8.67%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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 RankSector Rank
PE 20.45
Fwd PE 6.8
P/S 4.08
P/FCF 11.96
P/OCF 11.74
P/B 3.19
P/tB 3.34
EV/EBITDA 11.45
EPS(TTM)16.3
EY4.89%
EPS(NY)49.04
Fwd EY14.71%
FCF(TTM)27.87
FCFY8.36%
OCF(TTM)28.4
OCFY8.52%
SpS81.77
BVpS104.49
TBVpS99.81
PEG (NY)0.1
PEG (5Y)N/A
Graham Number195.763 (-41.27%)
Profitability
Industry RankSector 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 RankSector 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 2.34
F-Score6
WACC8.78%
ROIC/WACC1
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 20.45 and the Price/Book (PB) ratio is 3.19.


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%.