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Is NYSE:FRO suited for growth investing?

By Mill Chart

Last update: Sep 7, 2023

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if FRONTLINE PLC (NYSE:FRO) is suited for growth investing. Investors should of couse do their own research, but we spotted FRONTLINE PLC showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

What matters for canslim investors.

  • The quarterly earnings of FRONTLINE PLC have shown a 9.0K% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
  • FRONTLINE PLC has achieved 135.0% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
  • The EPS of FRONTLINE PLC has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
  • FRONTLINE PLC has a healthy Return on Equity(ROE) of 28.86%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
  • The Relative Strength (RS) of FRONTLINE PLC has consistently been strong, with a current 90.32 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. FRONTLINE PLC demonstrates promising potential for sustained price momentum.
  • With a Debt-to-Equity ratio at 0.91, FRONTLINE PLC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
  • The ownership composition of FRONTLINE PLC reflects a balanced investor ecosystem, with institutional shareholders owning 4.77%. This indicates a broader market participation and potential for increased trading liquidity.

Technical Analysis Observations

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

We assign a technical rating of 7 out of 10 to FRO. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

  • The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
  • FRO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 83% of 217 stocks in the same industry.
  • FRO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FRO is performing more or less in line with the market.
  • When comparing the yearly performance of all stocks, we notice that FRO is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by FRO over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 7 months ago.

Check the latest full technical report of FRO for a complete technical analysis.

Fundamental Analysis Observations

ChartMill assigns a proprietary Fundamental Rating to each stock. The score is computed daily by evaluating various fundamental indicators and properties. The score ranges from 0 to 10.

Taking everything into account, FRO scores 6 out of 10 in our fundamental rating. FRO was compared to 217 industry peers in the Oil, Gas & Consumable Fuels industry. FRO has a medium profitability rating, but doesn't score so well on its financial health evaluation. An interesting combination arises when we look at growth and value: FRO is growing strongly while it also seems undervalued. Finally FRO also has an excellent dividend rating.

Check the latest full fundamental report of FRO for a complete fundamental analysis.

More growth stocks can be found in our CANSLIM screen.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.

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FRONTLINE PLC

NYSE:FRO (2/20/2024, 7:04:00 PM)

Premarket: 23.18 -0.36 (-1.53%)

23.54

-0.61 (-2.53%)

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