FRONTLINE PLC (FRO.OL) Fundamental Analysis & Valuation
OSL:FRO • CY0200352116
Current stock price
337 NOK
+2.5 (+0.75%)
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 each of the past 5 years.
1.2 Ratios
- FRO has a better Return On Assets (6.59%) than 76.81% of its industry peers.
- The Return On Equity of FRO (15.09%) is better than 76.81% of its industry peers.
- FRO's Return On Invested Capital of 8.77% is fine compared to the rest of the industry. FRO outperforms 76.81% 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 9.56%.
| Industry Rank | Sector 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%
1.3 Margins
- The Profit Margin of FRO (19.29%) is better than 84.06% of its industry peers.
- In the last couple of years the Profit Margin of FRO has declined.
- The Operating Margin of FRO (30.47%) is better than 82.61% of its industry peers.
- FRO's Operating Margin has declined in the last couple of years.
- The Gross Margin of FRO (49.49%) is comparable to the rest of the industry.
- FRO's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector 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%
2. FRO.OL Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FRO is still 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.
2.2 Solvency
- FRO has an Altman-Z score of 2.38. 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 2.38 is in line compared to the rest of the industry. FRO outperforms 55.07% of its industry peers.
- 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.
- Looking at the Debt to FCF ratio, with a value of 4.58, FRO is in the better half of the industry, outperforming 63.77% of the companies in the same industry.
- FRO has a Debt/Equity ratio of 1.09. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.09, FRO is doing worse than 73.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | 4.58 | ||
| Altman-Z | 2.38 |
ROIC/WACC0.99
WACC8.89%
2.3 Liquidity
- FRO has a Current Ratio of 1.43. 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 of 1.43. This is comparable to the rest of the industry: FRO outperforms 53.62% of its industry peers.
- A Quick Ratio of 1.19 indicates that FRO should not have too much problems paying its short term obligations.
- FRO has a Quick ratio of 1.19. This is in the better half of the industry: FRO outperforms 65.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.43 | ||
| Quick Ratio | 1.19 |
3. FRO.OL Growth Analysis
3.1 Past
- The earnings per share for FRO have decreased by -1.12% in the last year.
- Measured over the past years, FRO shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.92% on average per year.
- Looking at the last year, FRO shows a decrease in Revenue. The Revenue has decreased by -4.16% in the last year.
- 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
- FRO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.69% yearly.
- FRO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.01% yearly.
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
- 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.
4. FRO.OL Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 20.54 indicates a rather expensive valuation of FRO.
- 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 26.77.
- The Price/Forward Earnings ratio is 6.83, which indicates a rather cheap valuation of FRO.
- FRO's Price/Forward Earnings ratio is rather cheap when compared to the industry. FRO is cheaper than 94.20% of the companies in the same industry.
- FRO is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.75, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.54 | ||
| Fwd PE | 6.83 |
4.2 Price Multiples
- 66.67% of the companies in the same industry are cheaper than FRO, based on the Enterprise Value to EBITDA ratio.
- 82.61% of the companies in the same industry are more expensive than FRO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.01 | ||
| EV/EBITDA | 11.71 |
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.
- The decent profitability rating of FRO may justify a higher PE ratio.
- A more expensive valuation may be justified as FRO's earnings are expected to grow with 28.69% in the coming years.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y33.34%
EPS Next 3Y28.69%
5. FRO.OL Dividend Analysis
5.1 Amount
- FRO has a Yearly Dividend Yield of 5.04%, which is a nice return.
- Compared to an average industry Dividend Yield of 4.64, FRO pays a better dividend. On top of this FRO pays more dividend than 82.61% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, FRO pays a better dividend.
| Industry Rank | Sector 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
- FRO pays out 54.62% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP54.62%
EPS Next 2Y33.34%
EPS Next 3Y28.69%
FRO.OL Fundamentals: All Metrics, Ratios and Statistics
OSL:FRO (4/30/2026, 7:00:00 PM)
337
+2.5 (+0.75%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry StrengthN/A
Industry GrowthN/A
Earnings (Last)02-27 2026-02-27/bmo
Earnings (Next)05-21 2026-05-21/bmo
Inst Owners29.31%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap75.02B
Revenue(TTM)1.97B
Net Income(TTM)379.08M
Analysts87.5
Price Target362.19 (7.47%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.54 | ||
| Fwd PE | 6.83 | ||
| P/S | 4.09 | ||
| P/FCF | 12.01 | ||
| P/OCF | 11.79 | ||
| P/B | 3.2 | ||
| P/tB | 3.35 | ||
| EV/EBITDA | 11.71 |
EPS(TTM)16.41
EY4.87%
EPS(NY)49.36
Fwd EY14.65%
FCF(TTM)28.06
FCFY8.33%
OCF(TTM)28.59
OCFY8.48%
SpS82.31
BVpS105.2
TBVpS100.49
PEG (NY)0.1
PEG (5Y)N/A
Graham Number197.081 (-41.52%)
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.38 |
F-Score6
WACC8.89%
ROIC/WACC0.99
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 20.54 and the Price/Book (PB) ratio is 3.2.
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%.