FRONTLINE PLC (FRO.OL) Stock Fundamental Analysis

OSL:FRO • CY0200352116

334.9 NOK
+9 (+2.76%)
Last: Feb 24, 2026, 10:28 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall FRO gets a fundamental rating of 4 out of 10. We evaluated FRO against 70 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.
  • FRO had a positive operating cash flow in each 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 0 500M -500M

1.2 Ratios

  • FRO's Return On Assets of 3.82% is in line compared to the rest of the industry. FRO outperforms 54.29% of its industry peers.
  • FRO's Return On Equity of 9.37% is in line compared to the rest of the industry. FRO outperforms 50.00% of its industry peers.
  • With a Return On Invested Capital value of 6.58%, FRO perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
  • FRO had an Average Return On Invested Capital over the past 3 years of 9.01%. This is in line with the industry average of 9.02%.
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 65.71% of its industry peers.
  • In the last couple of years the Profit Margin of FRO has grown nicely.
  • FRO has a better Operating Margin (25.52%) than 64.29% of its industry peers.
  • In the last couple of years the Operating Margin of FRO has grown nicely.
  • The Gross Margin of FRO (45.19%) is comparable to the rest of the industry.
  • 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

  • FRO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for FRO remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for FRO has been increased compared to 5 years ago.
  • The debt/assets ratio for FRO is higher 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 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

  • An Altman-Z score of 2.07 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 2.07, FRO is in line with its industry, outperforming 54.29% of the companies in the same industry.
  • FRO has a debt to FCF ratio of 5.82. This is a neutral value as FRO would need 5.82 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 5.82, FRO is in line with its industry, outperforming 58.57% of the companies in the same industry.
  • 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 75.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 5.82
Altman-Z 2.07
ROIC/WACC0.77
WACC8.59%
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

  • A Current Ratio of 1.37 indicates that FRO should not have too much problems paying its short term obligations.
  • FRO has a Current ratio of 1.37. This is comparable to the rest of the industry: FRO outperforms 48.57% of its industry peers.
  • A Quick Ratio of 1.37 indicates that FRO should not have too much problems paying its short term obligations.
  • FRO has a Quick ratio of 1.37. This is in the better half of the industry: FRO outperforms 70.00% 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

  • FRO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -54.41%.
  • FRO shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.25% yearly.
  • The Revenue for FRO has decreased by -13.41% in the past year. This is quite bad
  • 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

  • Based on estimates for the next years, FRO will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.70% on average per year.
  • Based on estimates for the next years, FRO will show a decrease in Revenue. The Revenue will decrease by -0.67% on average per year.
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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4

4. Valuation

4.1 Price/Earnings Ratio

  • FRO is valuated quite expensively with a Price/Earnings ratio of 37.67.
  • Based on the Price/Earnings ratio, FRO is valued a bit more expensive than the industry average as 72.86% of the companies are valued more cheaply.
  • 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 more expensively.
  • The Price/Forward Earnings ratio is 11.52, which indicates a very decent valuation of FRO.
  • FRO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FRO is cheaper than 72.86% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.75. FRO is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 37.67
Fwd PE 11.52
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

  • Based on the Enterprise Value to EBITDA ratio, FRO is valued a bit more expensive than 71.43% of the companies in the same industry.
  • FRO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FRO is cheaper than 61.43% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.01
EV/EBITDA 13.47
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.
  • The decent profitability rating of FRO may justify a higher PE ratio.
  • FRO's earnings are expected to grow with 19.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)8.25
PEG (5Y)2.06
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

  • With a Yearly Dividend Yield of 3.13%, FRO has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 5.34, FRO has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, FRO pays a better dividend.
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

  • 110.35% of the earnings are spent on dividend by FRO. 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

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FRONTLINE PLC

OSL:FRO (2/24/2026, 10:28:36 AM)

334.9

+9 (+2.76%)

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 Cap74.56B
Revenue(TTM)1.77B
Net Income(TTM)217.88M
Analysts87.5
Price Target278.69 (-16.78%)
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)-4.4%
PT rev (3m)6.1%
EPS NQ rev (1m)-0.11%
EPS NQ rev (3m)17.39%
EPS NY rev (1m)0.25%
EPS NY rev (3m)2.86%
Revenue NQ rev (1m)0.94%
Revenue NQ rev (3m)9.98%
Revenue NY rev (1m)0%
Revenue NY rev (3m)10.11%
Valuation
Industry RankSector Rank
PE 37.67
Fwd PE 11.52
P/S 4.42
P/FCF 14.01
P/OCF 13.76
P/B 3.36
P/tB 3.53
EV/EBITDA 13.47
EPS(TTM)8.89
EY2.65%
EPS(NY)29.06
Fwd EY8.68%
FCF(TTM)23.9
FCFY7.14%
OCF(TTM)24.33
OCFY7.27%
SpS75.8
BVpS99.81
TBVpS94.98
PEG (NY)8.25
PEG (5Y)2.06
Graham Number141.3
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 2.07
F-Score4
WACC8.59%
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 37.67 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 4.57% in the next year.