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NYSE:FRO—Positioned as a High-Growth Stock, Ready for a Potential Breakout.

By Mill Chart

Last update: Feb 1, 2024

In this article, we'll take a closer look at FRONTLINE PLC (NYSE:FRO) as a potential candidate for growth investing. While it's important for investors to conduct their own research, FRONTLINE PLC has piqued our interest by appearing on our strong growth and breakout radar. Let's explore further.

ChartMill's Evaluation of Growth

ChartMill assigns a Growth Rating to each stock, ranging from 0 to 10. This rating is determined by analyzing different growth elements, including EPS and revenue growth, spanning both historical and future figures. In the case of NYSE:FRO, the assigned 8 reflects its growth potential:

  • The Earnings Per Share has grown by an impressive 470.91% over the past year.
  • FRO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 76.46% yearly.
  • Looking at the last year, FRO shows a very strong growth in Revenue. The Revenue has grown by 72.17%.
  • Measured over the past years, FRO shows a quite strong growth in Revenue. The Revenue has been growing by 17.22% on average per year.
  • The Earnings Per Share is expected to grow by 43.02% on average over the next years. This is a very strong growth
  • FRO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.07% yearly.

What does the Health looks like for NYSE:FRO

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NYSE:FRO scores a 5 out of 10:

  • With a decent Altman-Z score value of 2.53, FRO is doing good in the industry, outperforming 66.51% of the companies in the same industry.
  • The Debt to FCF ratio of FRO is 3.04, which is a good value as it means it would take FRO, 3.04 years of fcf income to pay off all of its debts.
  • FRO's Debt to FCF ratio of 3.04 is fine compared to the rest of the industry. FRO outperforms 62.79% of its industry peers.
  • Looking at the Current ratio, with a value of 1.79, FRO is in the better half of the industry, outperforming 70.70% of the companies in the same industry.
  • With a decent Quick ratio value of 1.79, FRO is doing good in the industry, outperforming 73.95% of the companies in the same industry.

Evaluating Profitability: NYSE:FRO

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NYSE:FRO, the assigned 7 is noteworthy for profitability:

  • The Return On Assets of FRO (16.89%) is better than 77.67% of its industry peers.
  • Looking at the Return On Equity, with a value of 34.90%, FRO is in the better half of the industry, outperforming 75.81% of the companies in the same industry.
  • FRO has a Return On Invested Capital of 16.36%. This is in the better half of the industry: FRO outperforms 71.16% of its industry peers.
  • The 3 year average ROIC (6.14%) for FRO is below the current ROIC(16.36%), indicating increased profibility in the last year.
  • FRO has a better Profit Margin (40.53%) than 80.00% of its industry peers.
  • In the last couple of years the Profit Margin of FRO has grown nicely.
  • FRO's Operating Margin of 44.54% is fine compared to the rest of the industry. FRO outperforms 76.74% of its industry peers.
  • FRO's Operating Margin has improved in the last couple of years.
  • FRO's Gross Margin has improved in the last couple of years.

Looking at the Setup

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:FRO is 9:

FRO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 22.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.13, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

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

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

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

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FRONTLINE PLC

NYSE:FRO (5/20/2024, 6:35:46 PM)

After market: 28.1 0 (0%)

28.1

+0.62 (+2.26%)

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