FRONTLINE PLC (FRO) Stock Fundamental Analysis

NYSE:FRO • CY0200352116

36.38 USD
+1.29 (+3.68%)
Last: Feb 24, 2026, 01:09 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FRO. FRO was compared to 206 industry peers in the Oil, Gas & Consumable Fuels industry. FRO has an average financial health and profitability rating. FRO has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

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.
  • In the past 5 years FRO always reported a positive cash flow from operatings.
FRO Yearly Net Income VS EBIT VS OCF VS FCFFRO 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

  • With a Return On Assets value of 3.82%, FRO perfoms like the industry average, outperforming 54.85% of the companies in the same industry.
  • FRO has a Return On Equity (9.37%) which is in line with its industry peers.
  • FRO has a Return On Invested Capital of 6.75%. This is in the better half of the industry: FRO outperforms 62.14% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for FRO is significantly below the industry average of 21.98%.
Industry RankSector Rank
ROA 3.82%
ROE 9.37%
ROIC 6.75%
ROA(3y)9.7%
ROA(5y)7.85%
ROE(3y)23.68%
ROE(5y)19.15%
ROIC(3y)9.24%
ROIC(5y)7.64%
FRO Yearly ROA, ROE, ROICFRO 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 62.62% of its industry peers.
  • FRO's Profit Margin has improved in the last couple of years.
  • The Operating Margin of FRO (25.52%) is better than 66.02% of its industry peers.
  • FRO's Operating Margin has improved in the last couple of years.
  • FRO has a Gross Margin (45.19%) which is in line with 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 Yearly Profit, Operating, Gross MarginsFRO 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

4

2. Health

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.
  • FRO has about the same amout of shares outstanding than it did 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 Yearly Shares OutstandingFRO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
FRO Yearly Total Debt VS Total AssetsFRO 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 2.11. 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.
  • With a decent Altman-Z score value of 2.11, FRO is doing good in the industry, outperforming 66.99% 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.
  • FRO has a Debt to FCF ratio of 5.82. This is in the better half of the industry: FRO outperforms 62.14% of its industry peers.
  • 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 71.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 5.82
Altman-Z 2.11
ROIC/WACC0.83
WACC8.11%
FRO Yearly LT Debt VS Equity VS FCFFRO 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.
  • With a decent Current ratio value of 1.37, FRO is doing good in the industry, outperforming 61.65% of the companies in the same industry.
  • 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 66.99% of its industry peers.
Industry RankSector Rank
Current Ratio 1.37
Quick Ratio 1.37
FRO Yearly Current Assets VS Current LiabilitesFRO 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.
  • FRO shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.41%.
  • Measured over the past years, FRO shows a quite strong growth in Revenue. The Revenue has been growing by 16.45% on average per year.
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

  • FRO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.70% yearly.
  • 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 2Y32.17%
EPS Next 3Y19.05%
EPS Next 5Y10.7%
Revenue Next Year-7.03%
Revenue Next 2Y6.83%
Revenue Next 3Y3.69%
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 Yearly Revenue VS EstimatesFRO 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 Yearly EPS VS EstimatesFRO 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 39.12.
  • Compared to the rest of the industry, the Price/Earnings ratio of FRO indicates a slightly more expensive valuation: FRO is more expensive than 63.59% of the companies listed in the same industry.
  • 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.
  • FRO is valuated reasonably with a Price/Forward Earnings ratio of 11.70.
  • 78.16% of the companies in the same industry are more expensive than FRO, based on the Price/Forward Earnings ratio.
  • FRO is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.75, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 39.12
Fwd PE 11.7
FRO Price Earnings VS Forward Price EarningsFRO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as FRO.
  • Based on the Price/Free Cash Flow ratio, FRO is valued a bit cheaper than 68.45% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.54
EV/EBITDA 13.75
FRO Per share dataFRO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FRO does not grow enough to justify the current Price/Earnings ratio.
  • FRO has a very decent profitability rating, which 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)8.57
PEG (5Y)2.14
EPS Next 2Y32.17%
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 2.75%.
  • FRO's Dividend Yield is comparable with the industry average which is at 3.54.
  • Compared to an average S&P500 Dividend Yield of 1.80, FRO pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.75%

5.2 History

  • The dividend of FRO is nicely growing with an annual growth rate of 78.57%!
  • FRO has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)78.57%
Div Incr Years0
Div Non Decr Years0
FRO Yearly Dividends per shareFRO Yearly Dividends per shareYearly Dividends per share 2016 2017 2019 2020 2022 2023 2024 2025 0.5 1 1.5 2 2.5

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 2Y32.17%
EPS Next 3Y19.05%
FRO Yearly Income VS Free CF VS DividendFRO 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 Dividend Payout.FRO Dividend Payout, showing the Payout Ratio.FRO Dividend Payout.PayoutRetained Earnings

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FRONTLINE PLC

NYSE:FRO (2/24/2026, 1:09:03 PM)

36.38

+1.29 (+3.68%)

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 Change-0.01%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap8.10B
Revenue(TTM)1.77B
Net Income(TTM)217.88M
Analysts87.5
Price Target29.07 (-20.09%)
Short Float %2.66%
Short Ratio1.32
Dividend
Industry RankSector Rank
Dividend Yield 2.75%
Yearly Dividend1.95
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)0%
PT rev (3m)12.87%
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)10.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)10.11%
Valuation
Industry RankSector Rank
PE 39.12
Fwd PE 11.7
P/S 4.59
P/FCF 14.54
P/OCF 14.28
P/B 3.48
P/tB 3.66
EV/EBITDA 13.75
EPS(TTM)0.93
EY2.56%
EPS(NY)3.11
Fwd EY8.55%
FCF(TTM)2.5
FCFY6.88%
OCF(TTM)2.55
OCFY7%
SpS7.93
BVpS10.45
TBVpS9.94
PEG (NY)8.57
PEG (5Y)2.14
Graham Number14.79
Profitability
Industry RankSector Rank
ROA 3.82%
ROE 9.37%
ROCE 8.55%
ROIC 6.75%
ROICexc 7.01%
ROICexgc 7.17%
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)9.24%
ROIC(5y)7.64%
ROICexc(3y)10.04%
ROICexc(5y)8.23%
ROICexgc(3y)10.29%
ROICexgc(5y)8.45%
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 2.11
F-Score4
WACC8.11%
ROIC/WACC0.83
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 2Y32.17%
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 2Y6.83%
Revenue Next 3Y3.69%
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 FAQ

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

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


What is the valuation status for FRO stock?

ChartMill assigns a valuation rating of 4 / 10 to FRONTLINE PLC (FRO). This can be considered as Fairly Valued.


Can you provide the profitability details for FRONTLINE PLC?

FRONTLINE PLC (FRO) 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) is 39.12 and the Price/Book (PB) ratio is 3.48.


What is the earnings growth outlook for FRONTLINE PLC?

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