FRONTLINE PLC (FRO.OL) Fundamental Analysis & Valuation
OSL:FRO • CY0200352116
Current stock price
339.3 NOK
-0.6 (-0.18%)
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.
- In the past year FRO had a positive cash flow from operations.
- Of the past 5 years FRO 4 years were profitable.
- FRO had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- The Return On Assets of FRO (3.82%) is comparable to the rest of the industry.
- FRO has a Return On Equity (9.37%) which is comparable to the rest of the industry.
- FRO has a Return On Invested Capital (6.58%) which is in line with its industry peers.
- 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 9.48%.
| Industry Rank | Sector 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%
1.3 Margins
- FRO's Profit Margin of 12.34% is fine compared to the rest of the industry. FRO outperforms 66.67% of its industry peers.
- FRO's Profit Margin has declined in the last couple of years.
- The Operating Margin of FRO (25.52%) is better than 66.67% of its industry peers.
- FRO's Operating Margin has declined in the last couple of years.
- FRO has a Gross Margin (45.19%) which is in line with its industry peers.
- In the last couple of years the Gross Margin of FRO has declined.
| Industry Rank | Sector 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%
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.
- The number of shares outstanding for FRO has been increased compared to 5 years ago.
- The debt/assets ratio for FRO has been reduced compared to a year ago.
2.2 Solvency
- FRO has an Altman-Z score of 2.10. 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.
- FRO's Altman-Z score of 2.10 is in line compared to the rest of the industry. FRO outperforms 52.00% 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.
- FRO has a Debt to FCF ratio (5.82) which is in line with its industry peers.
- FRO has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external financing.
- FRO has a Debt to Equity ratio of 1.27. This is in the lower half of the industry: FRO underperforms 74.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 5.82 | ||
| Altman-Z | 2.1 |
ROIC/WACC0.75
WACC8.81%
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.
- A Quick Ratio of 1.37 indicates that FRO should not have too much problems paying its short term obligations.
- FRO's Quick ratio of 1.37 is fine compared to the rest of the industry. FRO outperforms 70.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.37 |
3. FRO.OL Growth Analysis
3.1 Past
- FRO shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.12%.
- 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
- 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.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. FRO.OL Valuation Analysis
4.1 Price/Earnings Ratio
- FRO is valuated rather expensively with a Price/Earnings ratio of 19.78.
- FRO's Price/Earnings is on the same level as the industry average.
- FRO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.60.
- FRO is valuated reasonably with a Price/Forward Earnings ratio of 9.50.
- 90.67% 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 22.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.78 | ||
| Fwd PE | 9.5 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, FRO is valued a bit cheaper than the industry average as 74.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.92 | ||
| EV/EBITDA | N/A |
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%
5. FRO.OL Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 5.24%, FRO is a good candidate for dividend investing.
- FRO's Dividend Yield is rather good when compared to the industry average which is at 4.06. FRO pays more dividend than 84.00% of the companies in the same industry.
- FRO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.24% |
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
- 110.35% of the earnings are spent on dividend by FRO. This is not a sustainable payout ratio.
- The dividend of FRO is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP110.35%
EPS Next 2Y33.26%
EPS Next 3Y28.69%
FRO.OL Fundamentals: All Metrics, Ratios and Statistics
OSL:FRO (4/1/2026, 7:00:00 PM)
339.3
-0.6 (-0.18%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-27 2026-02-27/bmo
Earnings (Next)05-21 2026-05-21/bmo
Inst Owners29.73%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap75.53B
Revenue(TTM)1.97B
Net Income(TTM)217.88M
Analysts87.5
Price Target284.2 (-16.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.24% |
Yearly Dividend18.94
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)0%
EPS NQ rev (3m)1.4%
EPS NY rev (1m)17.91%
EPS NY rev (3m)16.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.55%
Revenue NY rev (1m)12.98%
Revenue NY rev (3m)15.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.78 | ||
| Fwd PE | 9.5 | ||
| P/S | 4.39 | ||
| P/FCF | 13.92 | ||
| P/OCF | 13.67 | ||
| P/B | 3.33 | ||
| P/tB | 3.5 | ||
| EV/EBITDA | N/A |
EPS(TTM)17.15
EY5.05%
EPS(NY)35.72
Fwd EY10.53%
FCF(TTM)24.38
FCFY7.18%
OCF(TTM)24.81
OCFY7.31%
SpS77.3
BVpS101.78
TBVpS96.86
PEG (NY)0.18
PEG (5Y)N/A
Graham Number198.18
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.1 |
F-Score4
WACC8.81%
ROIC/WACC0.75
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.
What is the profitability of FRO stock?
FRONTLINE PLC (FRO.OL) has a profitability rating of 4 / 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 19.78 and the Price/Book (PB) ratio is 3.33.
Is the dividend of FRONTLINE PLC sustainable?
The dividend rating of FRONTLINE PLC (FRO.OL) is 6 / 10 and the dividend payout ratio is 110.35%.