FRONTLINE PLC (FRO) Fundamental Analysis & Valuation

NYSE:FRO • CY0200352116

Current stock price

34.66 USD
-0.72 (-2.04%)
At close:
34.33 USD
-0.33 (-0.95%)
After Hours:

This FRO fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. FRO Profitability Analysis

1.1 Basic Checks

  • In the past year FRO was profitable.
  • FRO had a positive operating cash flow in the past year.
  • 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 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 2025 0 500M -500M

1.2 Ratios

  • The Return On Assets of FRO (6.59%) is better than 74.16% of its industry peers.
  • FRO's Return On Equity of 15.09% is fine compared to the rest of the industry. FRO outperforms 77.03% of its industry peers.
  • FRO's Return On Invested Capital of 8.99% is amongst the best of the industry. FRO outperforms 80.38% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for FRO is significantly below the industry average of 22.73%.
Industry RankSector Rank
ROA 6.59%
ROE 15.09%
ROIC 8.99%
ROA(3y)8.57%
ROA(5y)7.06%
ROE(3y)21.7%
ROE(5y)17.04%
ROIC(3y)9.58%
ROIC(5y)7.35%
FRO Yearly ROA, ROE, ROICFRO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 -20

1.3 Margins

  • With a decent Profit Margin value of 19.29%, FRO is doing good in the industry, outperforming 73.68% of the companies in the same industry.
  • In the last couple of years the Profit Margin of FRO has declined.
  • With a decent Operating Margin value of 30.47%, FRO is doing good in the industry, outperforming 73.21% of the companies in the same industry.
  • FRO's Operating Margin has declined in the last couple of years.
  • FRO's Gross Margin of 49.49% is in line compared to the rest of the industry. FRO outperforms 58.85% of its industry peers.
  • FRO's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
FRO Yearly Profit, Operating, Gross MarginsFRO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60

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5

2. FRO 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.
  • 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
  • The debt/assets ratio for FRO has been reduced compared to a year ago.
FRO Yearly Shares OutstandingFRO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 2B 4B 6B

2.2 Solvency

  • An Altman-Z score of 2.32 indicates that FRO is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • FRO has a better Altman-Z score (2.32) than 69.38% 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.
  • FRO has a Debt to FCF ratio of 4.58. This is in the better half of the industry: FRO outperforms 70.81% of its industry peers.
  • FRO has a Debt/Equity ratio of 1.09. This is a high value indicating a heavy dependency on external financing.
  • FRO's Debt to Equity ratio of 1.09 is on the low side compared to the rest of the industry. FRO is outperformed by 68.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF 4.58
Altman-Z 2.32
ROIC/WACC1.15
WACC7.83%
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 2025 0 1B 2B 3B

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 better Current ratio (1.43) than 61.24% 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's Quick ratio of 1.19 is fine compared to the rest of the industry. FRO outperforms 62.20% of its industry peers.
Industry RankSector Rank
Current Ratio 1.43
Quick Ratio 1.19
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 2025 200M 400M 600M 800M

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

4

3. FRO 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%.
  • Measured over the past years, FRO shows a quite strong growth in Revenue. The Revenue has been growing by 9.98% on average per year.
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 quite strong growth in Earnings Per Share. The EPS will grow by 19.82% on average per year.
  • Based on estimates for the next years, FRO will show a small growth in Revenue. The Revenue will grow by 7.57% on average per year.
EPS Next Y183.57%
EPS Next 2Y35.94%
EPS Next 3Y19.82%
EPS Next 5YN/A
Revenue Next Year54.44%
Revenue Next 2Y9.67%
Revenue Next 3Y7.57%
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 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 4

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6

4. FRO Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 19.69, the valuation of FRO can be described as rather expensive.
  • FRO's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 27.79, FRO is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 6.94, the valuation of FRO can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, FRO is valued cheaply inside the industry as 94.26% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 38.88. FRO is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 19.69
Fwd PE 6.94
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

  • FRO's Enterprise Value to EBITDA ratio is in line with the industry average.
  • 79.90% of the companies in the same industry are more expensive than FRO, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.52
EV/EBITDA 11.35
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

  • FRO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • FRO's earnings are expected to grow with 19.82% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.11
PEG (5Y)N/A
EPS Next 2Y35.94%
EPS Next 3Y19.82%

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

5

5. FRO Dividend Analysis

5.1 Amount

  • FRO has a Yearly Dividend Yield of 5.01%, which is a nice return.
  • FRO's Dividend Yield is a higher than the industry average which is at 3.26.
  • Compared to an average S&P500 Dividend Yield of 1.81, FRO pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.01%

5.2 History

  • The dividend of FRO decreases each year by -10.10%.
  • FRO has been paying a dividend for at least 10 years, so it has a reliable track record.
  • FRO has decreased its dividend recently.
Dividend Growth(5Y)-10.1%
Div Incr Years1
Div Non Decr Years1
FRO Yearly Dividends per shareFRO Yearly Dividends per shareYearly Dividends per share 2016 2017 2019 2020 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • 54.62% of the earnings are spent on dividend by FRO. This is a bit on the high side, but may be sustainable.
DP54.62%
EPS Next 2Y35.94%
EPS Next 3Y19.82%
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 2025 0 500M -500M
FRO Dividend Payout.FRO Dividend Payout, showing the Payout Ratio.FRO Dividend Payout.PayoutRetained Earnings

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FRO Fundamentals: All Metrics, Ratios and Statistics

FRONTLINE PLC

NYSE:FRO (4/22/2026, 8:04:00 PM)

After market: 34.33 -0.33 (-0.95%)

34.66

-0.72 (-2.04%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-27
Earnings (Next)05-21
Inst Owners29.31%
Inst Owner Change-0.01%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap7.72B
Revenue(TTM)1.97B
Net Income(TTM)379.08M
Analysts87.5
Price Target38.25 (10.36%)
Short Float %2.73%
Short Ratio0.93
Dividend
Industry RankSector Rank
Dividend Yield 5.01%
Yearly Dividend0.93
Dividend Growth(5Y)-10.1%
DP54.62%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-12
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)25%
PT rev (3m)31.58%
EPS NQ rev (1m)6.63%
EPS NQ rev (3m)30.48%
EPS NY rev (1m)36.13%
EPS NY rev (3m)90.06%
Revenue NQ rev (1m)-5.48%
Revenue NQ rev (3m)10.22%
Revenue NY rev (1m)3.18%
Revenue NY rev (3m)29.42%
Valuation
Industry RankSector Rank
PE 19.69
Fwd PE 6.94
P/S 3.93
P/FCF 11.52
P/OCF 11.31
P/B 3.07
P/tB 3.22
EV/EBITDA 11.35
EPS(TTM)1.76
EY5.08%
EPS(NY)4.99
Fwd EY14.4%
FCF(TTM)3.01
FCFY8.68%
OCF(TTM)3.07
OCFY8.84%
SpS8.83
BVpS11.28
TBVpS10.78
PEG (NY)0.11
PEG (5Y)N/A
Graham Number21.1358 (-39.02%)
Profitability
Industry RankSector Rank
ROA 6.59%
ROE 15.09%
ROCE 11.39%
ROIC 8.99%
ROICexc 9.45%
ROICexgc 9.67%
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)9.58%
ROIC(5y)7.35%
ROICexc(3y)10.19%
ROICexc(5y)7.91%
ROICexgc(3y)10.42%
ROICexgc(5y)8.1%
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 RankSector 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 2.32
F-Score6
WACC7.83%
ROIC/WACC1.15
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 Y183.57%
EPS Next 2Y35.94%
EPS Next 3Y19.82%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.16%
Revenue growth 3Y11.17%
Revenue growth 5Y9.98%
Sales Q2Q%-0.27%
Revenue Next Year54.44%
Revenue Next 2Y9.67%
Revenue Next 3Y7.57%
Revenue Next 5YN/A
EBIT growth 1Y-23.41%
EBIT growth 3Y10.64%
EBIT growth 5Y4.4%
EBIT Next Year147.36%
EBIT Next 3Y22.8%
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 Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 5 / 10 to FRO.


What is the valuation status for FRO stock?

ChartMill assigns a valuation rating of 6 / 10 to FRONTLINE PLC (FRO). This can be considered as Fairly Valued.


What is the profitability of FRO stock?

FRONTLINE PLC (FRO) has a profitability rating of 5 / 10.


What is the valuation of FRONTLINE PLC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for FRONTLINE PLC (FRO) is 19.69 and the Price/Book (PB) ratio is 3.07.


Is the dividend of FRONTLINE PLC sustainable?

The dividend rating of FRONTLINE PLC (FRO) is 5 / 10 and the dividend payout ratio is 54.62%.