FRONTLINE PLC (FRO) Fundamental Analysis & Valuation

NYSE:FRO • CY0200352116

Current stock price

34.98 USD
-1.5 (-4.11%)
At close:
36.13 USD
+1.15 (+3.29%)
After Hours:

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

4

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.
  • Of the past 5 years FRO 4 years were profitable.
  • Of the past 5 years FRO 4 years had a positive operating cash flow.
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

  • FRO has a Return On Assets (3.82%) which is in line with its industry peers.
  • Looking at the Return On Equity, with a value of 9.37%, FRO is in line with its industry, outperforming 57.42% of the companies in the same industry.
  • FRO has a better Return On Invested Capital (6.75%) than 63.64% of its industry peers.
  • FRO had an Average Return On Invested Capital over the past 3 years of 9.61%. This is significantly below the industry average of 23.10%.
Industry RankSector Rank
ROA 3.82%
ROE 9.37%
ROIC 6.75%
ROA(3y)8.57%
ROA(5y)7.06%
ROE(3y)21.7%
ROE(5y)17.04%
ROIC(3y)9.61%
ROIC(5y)7.36%
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

  • FRO has a Profit Margin of 12.34%. This is in the better half of the industry: FRO outperforms 61.24% of its industry peers.
  • FRO's Profit Margin has declined in the last couple of years.
  • With a decent Operating Margin value of 25.52%, FRO is doing good in the industry, outperforming 68.42% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FRO has declined.
  • FRO has a Gross Margin (45.19%) which is in line with its industry peers.
  • FRO's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
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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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. FRO 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.
  • 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.
  • FRO has a better debt/assets ratio than last year.
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 2.16 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 (2.16) than 66.51% 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.
  • Looking at the Debt to FCF ratio, with a value of 5.82, FRO is in the better half of the industry, outperforming 64.11% 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.
  • The Debt to Equity ratio of FRO (1.27) is worse than 69.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 5.82
Altman-Z 2.16
ROIC/WACC0.84
WACC8.05%
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

  • A Current Ratio of 1.37 indicates that FRO should not have too much problems paying its short term obligations.
  • The Current ratio of FRO (1.37) is better than 60.77% of its industry peers.
  • 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's Quick ratio of 1.37 is fine compared to the rest of the industry. FRO outperforms 66.03% 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 2025 200M 400M 600M 800M

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

5

3. FRO 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.
  • FRO shows a decrease in Revenue. In the last year, the revenue decreased by -4.16%.
  • The Revenue has been growing by 9.98% on average over the past years. This is quite good.
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.
  • Based on estimates for the next years, FRO will show a quite strong growth in Revenue. The Revenue will grow by 8.03% on average per year.
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

  • 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.
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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6

4. FRO Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 19.87, the valuation of FRO can be described as rather expensive.
  • The rest of the industry has a similar Price/Earnings ratio as FRO.
  • The average S&P500 Price/Earnings ratio is at 26.21. FRO is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 9.54, the valuation of FRO can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, FRO is valued cheaper than 88.52% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of FRO to the average of the S&P500 Index (23.10), we can say FRO is valued rather cheaply.
Industry RankSector Rank
PE 19.87
Fwd PE 9.54
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

  • 72.25% 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 13.98
EV/EBITDA N/A
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 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 28.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.18
PEG (5Y)N/A
EPS Next 2Y33.26%
EPS Next 3Y28.69%

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

5

5. FRO Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.23%, FRO is a good candidate for dividend investing.
  • FRO's Dividend Yield is a higher than the industry average which is at 3.16.
  • FRO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 5.23%

5.2 History

  • On average, the dividend of FRO grows each year by 78.57%, which is quite nice.
  • FRO has paid a dividend for at least 10 years, which is a reliable track record.
  • FRO has decreased its dividend recently.
Dividend Growth(5Y)78.57%
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

  • FRO pays out 110.35% of its income as dividend. 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 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 (4/7/2026, 9:38:43 PM)

After market: 36.13 +1.15 (+3.29%)

34.98

-1.5 (-4.11%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-27
Earnings (Next)05-21
Inst Owners29.73%
Inst Owner Change-0.01%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap7.79B
Revenue(TTM)1.97B
Net Income(TTM)217.88M
Analysts87.5
Price Target38.25 (9.35%)
Short Float %2.48%
Short Ratio0.88
Dividend
Industry RankSector Rank
Dividend Yield 5.23%
Yearly Dividend1.95
Dividend Growth(5Y)78.57%
DP110.35%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-12
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)25%
PT rev (3m)31.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.4%
EPS NY rev (1m)0%
EPS NY rev (3m)16.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.55%
Revenue NY rev (1m)0%
Revenue NY rev (3m)15.75%
Valuation
Industry RankSector Rank
PE 19.87
Fwd PE 9.54
P/S 4.41
P/FCF 13.98
P/OCF 13.74
P/B 3.35
P/tB 3.52
EV/EBITDA N/A
EPS(TTM)1.76
EY5.03%
EPS(NY)3.67
Fwd EY10.48%
FCF(TTM)2.5
FCFY7.15%
OCF(TTM)2.55
OCFY7.28%
SpS7.93
BVpS10.45
TBVpS9.94
PEG (NY)0.18
PEG (5Y)N/A
Graham Number20.34
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)8.57%
ROA(5y)7.06%
ROE(3y)21.7%
ROE(5y)17.04%
ROIC(3y)9.61%
ROIC(5y)7.36%
ROICexc(3y)10.23%
ROICexc(5y)7.93%
ROICexgc(3y)10.45%
ROICexgc(5y)8.12%
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 RankSector 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 2.16
F-Score4
WACC8.05%
ROIC/WACC0.84
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 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 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) is 19.87 and the Price/Book (PB) ratio is 3.35.


Is the dividend of FRONTLINE PLC sustainable?

The dividend rating of FRONTLINE PLC (FRO) is 5 / 10 and the dividend payout ratio is 110.35%.