FRONTLINE PLC (FRO.OL) Stock Fundamental Analysis

OSL:FRO • CY0200352116

290.6 NOK
+0.9 (+0.31%)
Last: Feb 16, 2026, 09:08 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

FRO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 74 industry peers in the Oil, Gas & Consumable Fuels industry. While FRO is still in line with the averages on profitability rating, there are concerns on its financial health. FRO has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year FRO was profitable.
  • In the past year FRO had a positive cash flow from operations.
  • 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.
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 0 500M -500M

1.2 Ratios

  • FRO has a Return On Assets (3.82%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 9.37%, FRO is in line with its industry, outperforming 54.05% of the companies in the same industry.
  • FRO has a Return On Invested Capital of 6.58%. This is in the better half of the industry: FRO outperforms 62.16% 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 8.74%.
Industry RankSector Rank
ROA 3.82%
ROE 9.37%
ROIC 6.58%
ROA(3y)9.7%
ROA(5y)7.85%
ROE(3y)23.68%
ROE(5y)19.15%
ROIC(3y)9.01%
ROIC(5y)7.45%
FRO.OL Yearly ROA, ROE, ROICFRO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

1.3 Margins

  • FRO's Profit Margin of 12.34% is fine compared to the rest of the industry. FRO outperforms 70.27% of its industry peers.
  • FRO's Profit Margin has improved in the last couple of years.
  • FRO has a better Operating Margin (25.52%) than 67.57% of its industry peers.
  • FRO's Operating Margin has improved in the last couple of years.
  • FRO's Gross Margin of 45.19% is in line compared to the rest of the industry. FRO outperforms 51.35% of its industry peers.
  • FRO's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 25.52%
PM (TTM) 12.34%
GM 45.19%
OM growth 3Y281.28%
OM growth 5Y5.78%
PM growth 3YN/A
PM growth 5Y10.58%
GM growth 3Y25.66%
GM growth 5Y3.8%
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 0 20 -20 40 -40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FRO is creating some value.
  • The number of shares outstanding for FRO remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, FRO has more shares outstanding
  • FRO has a worse 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 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 2B 4B 6B

2.2 Solvency

  • FRO has an Altman-Z score of 1.92. 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 1.92, FRO is in line with its industry, outperforming 56.76% of the companies in the same industry.
  • 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.
  • FRO has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of FRO (1.27) is worse than 74.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 5.82
Altman-Z 1.92
ROIC/WACC0.77
WACC8.53%
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 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.
  • FRO has a Current ratio (1.37) which is in line with its industry peers.
  • 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 72.97% 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 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for FRO have decreased strongly by -54.41% in the last year.
  • Measured over the past years, FRO shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.25% on average per year.
  • Looking at the last year, FRO shows a very negative growth in Revenue. The Revenue has decreased by -13.41% in the last year.
  • The Revenue has been growing by 16.45% on average over the past years. This is quite good.
EPS 1Y (TTM)-54.41%
EPS 3YN/A
EPS 5Y18.25%
EPS Q2Q%-44.12%
Revenue 1Y (TTM)-13.41%
Revenue growth 3Y39.87%
Revenue growth 5Y16.45%
Sales Q2Q%-11.76%

3.2 Future

  • The Earnings Per Share is expected to grow by 10.70% on average over the next years. This is quite good.
  • The Revenue is expected to decrease by -0.67% on average over the next years.
EPS Next Y4.57%
EPS Next 2Y30.73%
EPS Next 3Y19.05%
EPS Next 5Y10.7%
Revenue Next Year-7.03%
Revenue Next 2Y2.89%
Revenue Next 3Y2.66%
Revenue Next 5Y-0.67%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 32.66, FRO can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, FRO is valued a bit more expensive than the industry average as 71.62% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 26.68. FRO is valued slightly more expensive when compared to this.
  • A Price/Forward Earnings ratio of 9.98 indicates a reasonable valuation of FRO.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FRO indicates a somewhat cheap valuation: FRO is cheaper than 78.38% of the companies listed in the same industry.
  • FRO is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 32.73
Fwd PE 10
FRO.OL Price Earnings VS Forward Price EarningsFRO.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FRO indicates a slightly more expensive valuation: FRO is more expensive than 68.92% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, FRO is valued a bit cheaper than the industry average as 68.92% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 12.16
EV/EBITDA 12.41
FRO.OL Per share dataFRO.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive 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 19.05% in the coming years.
PEG (NY)7.17
PEG (5Y)1.79
EPS Next 2Y30.73%
EPS Next 3Y19.05%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • FRO has a Yearly Dividend Yield of 3.13%. Purely for dividend investing, there may be better candidates out there.
  • FRO's Dividend Yield is comparable with the industry average which is at 5.28.
  • FRO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.84.
Industry RankSector Rank
Dividend Yield 3.13%

5.2 History

  • The dividend of FRO is nicely growing with an annual growth rate of 78.57%!
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 2Y30.73%
EPS Next 3Y19.05%
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 0 500M -500M
FRO.OL Dividend Payout.FRO.OL Dividend Payout, showing the Payout Ratio.FRO.OL Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

FRONTLINE PLC

OSL:FRO (2/16/2026, 9:08:29 AM)

290.6

+0.9 (+0.31%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-21
Earnings (Next)04-30
Inst Owners31.42%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap64.69B
Revenue(TTM)1.77B
Net Income(TTM)217.88M
Analysts87.5
Price Target278.69 (-4.1%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.13%
Yearly Dividend18.62
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)-6.2%
PT rev (3m)6.1%
EPS NQ rev (1m)-0.11%
EPS NQ rev (3m)17.39%
EPS NY rev (1m)1.37%
EPS NY rev (3m)1.35%
Revenue NQ rev (1m)0.94%
Revenue NQ rev (3m)9.98%
Revenue NY rev (1m)8.53%
Revenue NY rev (3m)5.83%
Valuation
Industry RankSector Rank
PE 32.73
Fwd PE 10
P/S 3.84
P/FCF 12.16
P/OCF 11.95
P/B 2.91
P/tB 3.06
EV/EBITDA 12.41
EPS(TTM)8.88
EY3.06%
EPS(NY)29.05
Fwd EY10%
FCF(TTM)23.89
FCFY8.22%
OCF(TTM)24.32
OCFY8.37%
SpS75.75
BVpS99.75
TBVpS94.93
PEG (NY)7.17
PEG (5Y)1.79
Graham Number141.17
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)9.7%
ROA(5y)7.85%
ROE(3y)23.68%
ROE(5y)19.15%
ROIC(3y)9.01%
ROIC(5y)7.45%
ROICexc(3y)9.79%
ROICexc(5y)8.02%
ROICexgc(3y)10.03%
ROICexgc(5y)8.24%
ROCE(3y)11.7%
ROCE(5y)9.67%
ROICexgc growth 3Y374.61%
ROICexgc growth 5Y7.27%
ROICexc growth 3Y376.04%
ROICexc growth 5Y7.73%
OM growth 3Y281.28%
OM growth 5Y5.78%
PM growth 3YN/A
PM growth 5Y10.58%
GM growth 3Y25.66%
GM growth 5Y3.8%
F-Score4
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 5.82
Debt/EBITDA 3.73
Cap/Depr 2.94%
Cap/Sales 0.56%
Interest Coverage 250
Cash Conversion 71.79%
Profit Quality 255.64%
Current Ratio 1.37
Quick Ratio 1.37
Altman-Z 1.92
F-Score4
WACC8.53%
ROIC/WACC0.77
Cap/Depr(3y)393.23%
Cap/Depr(5y)320.76%
Cap/Sales(3y)52.88%
Cap/Sales(5y)47.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-54.41%
EPS 3YN/A
EPS 5Y18.25%
EPS Q2Q%-44.12%
EPS Next Y4.57%
EPS Next 2Y30.73%
EPS Next 3Y19.05%
EPS Next 5Y10.7%
Revenue 1Y (TTM)-13.41%
Revenue growth 3Y39.87%
Revenue growth 5Y16.45%
Sales Q2Q%-11.76%
Revenue Next Year-7.03%
Revenue Next 2Y2.89%
Revenue Next 3Y2.66%
Revenue Next 5Y-0.67%
EBIT growth 1Y-42.95%
EBIT growth 3Y433.29%
EBIT growth 5Y23.18%
EBIT Next Year27.87%
EBIT Next 3Y15.85%
EBIT Next 5Y10.17%
FCF growth 1Y-24.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-42.02%
OCF growth 3Y105.18%
OCF growth 5Y21.32%

FRONTLINE PLC / FRO.OL FAQ

What is the ChartMill fundamental rating of FRONTLINE PLC (FRO.OL) stock?

ChartMill assigns a fundamental rating of 4 / 10 to FRO.OL.


What is the valuation status for FRO stock?

ChartMill assigns a valuation rating of 4 / 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 6 / 10.


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

The Price/Earnings (PE) ratio for FRONTLINE PLC (FRO.OL) is 32.73 and the Price/Book (PB) ratio is 2.91.


What is the earnings growth outlook for FRONTLINE PLC?

The Earnings per Share (EPS) of FRONTLINE PLC (FRO.OL) is expected to grow by 4.57% in the next year.