FRONTLINE PLC (FRO) Fundamental Analysis & Valuation

NYSE:FRO • CY0200352116

Current stock price

35.44 USD
+1.61 (+4.76%)
At close:
36 USD
+0.56 (+1.58%)
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

  • FRO had positive earnings in the past year.
  • 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 4 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

  • FRO has a Return On Assets (3.82%) which is in line with its industry peers.
  • FRO has a Return On Equity (9.37%) which is in line with its industry peers.
  • FRO's Return On Invested Capital of 6.75% is fine compared to the rest of the industry. FRO outperforms 63.16% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for FRO is significantly below the industry average of 23.05%.
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 better Profit Margin (12.34%) than 61.24% of its industry peers.
  • In the last couple of years the Profit Margin of FRO has declined.
  • Looking at the Operating Margin, with a value of 25.52%, FRO is in the better half of the industry, outperforming 67.94% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FRO has declined.
  • FRO's Gross Margin of 45.19% is in line compared to the rest of the industry. FRO outperforms 54.07% of 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.
  • Compared to 1 year ago, FRO has about the same amount of shares outstanding.
  • The number of shares outstanding for FRO has been increased compared to 5 years ago.
  • Compared to 1 year ago, FRO has an improved debt to assets ratio.
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 2.06 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 2.06, FRO is in the better half of the industry, outperforming 65.07% of the companies in the same industry.
  • 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.
  • FRO has a better Debt to FCF ratio (5.82) than 63.64% of its industry peers.
  • A Debt/Equity ratio of 1.27 is on the high side and indicates that FRO has dependencies on debt financing.
  • FRO has a Debt to Equity ratio of 1.27. This is in the lower half of the industry: FRO underperforms 69.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 5.82
Altman-Z 2.06
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

  • FRO has a Current 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.
  • Looking at the Current ratio, with a value of 1.37, FRO is in the better half of the industry, outperforming 60.77% of the companies in the same industry.
  • A Quick Ratio of 1.37 indicates that FRO should not have too much problems paying its short term obligations.
  • The Quick ratio of FRO (1.37) is better than 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.
  • The Earnings Per Share has been decreasing by -3.92% on average over the past years.
  • Looking at the last year, FRO shows a decrease in Revenue. The Revenue has decreased by -4.16% in the last year.
  • 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

  • The Earnings Per Share is expected to grow by 28.69% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 8.03% on average over the next years. This is quite good.
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

  • 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 stable: in the next years the growth will be about the same 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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6

4. FRO Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 20.14 indicates a rather expensive valuation of FRO.
  • FRO's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of FRO to the average of the S&P500 Index (25.50), we can say FRO is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 9.67, the valuation of FRO can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, FRO is valued cheaper than 90.43% of the companies in the same industry.
  • FRO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.67.
Industry RankSector Rank
PE 20.14
Fwd PE 9.67
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

  • 75.60% 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 14.16
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

  • FRO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as FRO's earnings are expected to grow with 28.69% in the coming years.
PEG (NY)0.19
PEG (5Y)N/A
EPS Next 2Y33.26%
EPS Next 3Y28.69%

More info and screens

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

5

5. FRO Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.35%, FRO is a good candidate for dividend investing.
  • FRO's Dividend Yield is a higher than the industry average which is at 3.30.
  • Compared to an average S&P500 Dividend Yield of 1.89, FRO pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.35%

5.2 History

  • The dividend of FRO is nicely growing with an annual growth rate of 78.57%!
  • FRO has paid a dividend for at least 10 years, which is 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 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 (3/24/2026, 8:04:00 PM)

After market: 36 +0.56 (+1.58%)

35.44

+1.61 (+4.76%)

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 Cap7.89B
Revenue(TTM)1.97B
Net Income(TTM)217.88M
Analysts87.5
Price Target30.6 (-13.66%)
Short Float %2.72%
Short Ratio0.97
Dividend
Industry RankSector Rank
Dividend Yield 5.35%
Yearly Dividend1.95
Dividend Growth(5Y)78.57%
DP110.35%
Div Incr Years0
Div Non Decr Years0
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)5.26%
PT rev (3m)5.26%
EPS NQ rev (1m)1.79%
EPS NQ rev (3m)3.22%
EPS NY rev (1m)17.91%
EPS NY rev (3m)19.08%
Revenue NQ rev (1m)0.83%
Revenue NQ rev (3m)1.55%
Revenue NY rev (1m)12.98%
Revenue NY rev (3m)15.75%
Valuation
Industry RankSector Rank
PE 20.14
Fwd PE 9.67
P/S 4.47
P/FCF 14.16
P/OCF 13.92
P/B 3.39
P/tB 3.56
EV/EBITDA N/A
EPS(TTM)1.76
EY4.97%
EPS(NY)3.67
Fwd EY10.35%
FCF(TTM)2.5
FCFY7.06%
OCF(TTM)2.55
OCFY7.19%
SpS7.93
BVpS10.45
TBVpS9.94
PEG (NY)0.19
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 2.06
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.


Can you provide the profitability details for FRONTLINE PLC?

FRONTLINE PLC (FRO) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for FRO stock?

The Price/Earnings (PE) ratio for FRONTLINE PLC (FRO) is 20.14 and the Price/Book (PB) ratio is 3.39.


What is the earnings growth outlook for FRONTLINE PLC?

The Earnings per Share (EPS) of FRONTLINE PLC (FRO) is expected to grow by 108.31% in the next year.