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Evaluating NYSE:FRO for Growth Investment Opportunities.

By Mill Chart

Last update: Sep 28, 2023

In this article we will dive into FRONTLINE PLC (NYSE:FRO) as a possible candidate for growth investing. Investors should always do their own research, but we noticed FRONTLINE PLC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Some of the canslim metrics of NYSE:FRO highlighted

  • FRONTLINE PLC has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 9.0K% increase. This indicates improving financial performance and the company's effective management of its operations.
  • The recent q2q revenue growth of 135.0% of FRONTLINE PLC showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
  • FRONTLINE PLC has experienced 25.99% growth in EPS over a 3-year period, demonstrating its ability to generate sustained and positive earnings momentum.
  • FRONTLINE PLC demonstrates a strong Return on Equity(ROE) of 28.86%. This indicates the company's ability to generate favorable returns for shareholders and reflects its efficient utilization of capital. FRONTLINE PLC shows promising potential for continued success.
  • The Relative Strength (RS) of FRONTLINE PLC has been consistently solid, with a current 96.06 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. FRONTLINE PLC exhibits strong prospects for further price appreciation.
  • With a current Debt-to-Equity ratio at 0.91, FRONTLINE PLC showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
  • FRONTLINE PLC demonstrates a balanced ownership structure, with institutional shareholders at 4.77%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

Analyzing the Technical Aspects

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.

Taking everything into account, FRO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FRO is showing a nice and steady performance.

  • The long and short term trends are both positive. This is looking good!
  • When comparing the yearly performance of all stocks, we notice that FRO is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, FRO also shows a nice and consistent pattern of rising prices.
  • FRO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 93% of 217 stocks in the same industry.
  • FRO is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
  • In the last month FRO has a been trading in the 15.94 - 18.73 range, which is quite wide. It is currently trading near the high of this range.

For an up to date full technical analysis you can check the technical report of FRO

A complete fundamental analysis of NYSE:FRO

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

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. FRO is growing strongly while it also seems undervalued. This is an interesting combination FRO also has an excellent dividend rating.

For an up to date full fundamental analysis you can check the fundamental report of FRO

Our CANSLIM screen will find you more ideas suited for growth investing.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.