FRONTLINE PLC (FRO.OL) Stock Fundamental Analysis

OSL:FRO • CY0200352116

289.7 NOK
+5.7 (+2.01%)
Last: Feb 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall FRO gets a fundamental rating of 4 out of 10. We evaluated FRO against 74 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of FRO get a neutral evaluation. Nothing too spectacular is happening here. FRO has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year FRO was profitable.
  • FRO had a positive operating cash flow in the past year.
  • FRO had positive earnings in 4 of the past 5 years.
  • In the past 5 years FRO always reported a positive cash flow from operatings.
FRO.OL Yearly Net Income VS EBIT VS OCF VS FCFFRO.OL 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 0 500M -500M

1.2 Ratios

  • The Return On Assets of FRO (3.82%) is comparable to the rest of the industry.
  • With a Return On Equity value of 9.37%, FRO perfoms like the industry average, outperforming 51.35% of the companies in the same industry.
  • FRO has a Return On Invested Capital of 6.58%. This is comparable to the rest of the industry: FRO outperforms 59.46% of its industry peers.
  • FRO had an Average Return On Invested Capital over the past 3 years of 9.01%. This is in line with the industry average of 8.74%.
Industry RankSector Rank
ROA 3.82%
ROE 9.37%
ROIC 6.58%
ROA(3y)9.7%
ROA(5y)7.85%
ROE(3y)23.68%
ROE(5y)19.15%
ROIC(3y)9.01%
ROIC(5y)7.45%
FRO.OL Yearly ROA, ROE, ROICFRO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 67.57% of its industry peers.
  • FRO's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 25.52%, FRO is in the better half of the industry, outperforming 64.86% of the companies in the same industry.
  • FRO's Operating Margin has improved in the last couple of years.
  • FRO has a Gross Margin (45.19%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of FRO has grown nicely.
Industry RankSector Rank
OM 25.52%
PM (TTM) 12.34%
GM 45.19%
OM growth 3Y281.28%
OM growth 5Y5.78%
PM growth 3YN/A
PM growth 5Y10.58%
GM growth 3Y25.66%
GM growth 5Y3.8%
FRO.OL Yearly Profit, Operating, Gross MarginsFRO.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • FRO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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.
  • The debt/assets ratio for FRO is higher compared to a year ago.
FRO.OL Yearly Shares OutstandingFRO.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
FRO.OL Yearly Total Debt VS Total AssetsFRO.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • An Altman-Z score of 1.92 indicates that FRO is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • FRO has a Altman-Z score (1.92) which is in line with its industry peers.
  • FRO has a debt to FCF ratio of 5.82. This is a neutral value as FRO would need 5.82 years to pay back of all of its debts.
  • FRO has a Debt to FCF ratio of 5.82. This is in the better half of the industry: FRO outperforms 60.81% of its industry peers.
  • FRO has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external financing.
  • FRO has a Debt to Equity ratio of 1.27. This is in the lower half of the industry: FRO underperforms 72.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 5.82
Altman-Z 1.92
ROIC/WACC0.77
WACC8.53%
FRO.OL Yearly LT Debt VS Equity VS FCFFRO.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 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.
  • FRO has a Current ratio (1.37) which is in line with 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 72.97% of its industry peers.
Industry RankSector Rank
Current Ratio 1.37
Quick Ratio 1.37
FRO.OL Yearly Current Assets VS Current LiabilitesFRO.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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

3

3. Growth

3.1 Past

  • The earnings per share for FRO have decreased strongly by -54.41% in the last year.
  • FRO shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.25% yearly.
  • FRO shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.41%.
  • FRO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.45% yearly.
EPS 1Y (TTM)-54.41%
EPS 3YN/A
EPS 5Y18.25%
EPS Q2Q%-44.12%
Revenue 1Y (TTM)-13.41%
Revenue growth 3Y39.87%
Revenue growth 5Y16.45%
Sales Q2Q%-11.76%

3.2 Future

  • FRO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.70% yearly.
  • FRO is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.67% yearly.
EPS Next Y4.57%
EPS Next 2Y30.73%
EPS Next 3Y19.05%
EPS Next 5Y10.7%
Revenue Next Year-7.03%
Revenue Next 2Y2.89%
Revenue Next 3Y2.66%
Revenue Next 5Y-0.67%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FRO.OL Yearly Revenue VS EstimatesFRO.OL 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.OL Yearly EPS VS EstimatesFRO.OL 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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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • FRO is valuated quite expensively with a Price/Earnings ratio of 32.62.
  • Based on the Price/Earnings ratio, FRO is valued a bit more expensive than the industry average as 71.62% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Earnings ratio of 26.68, FRO is valued a bit more expensive.
  • Based on the Price/Forward Earnings ratio of 9.97, the valuation of FRO can be described as reasonable.
  • 79.73% of the companies in the same industry are more expensive than FRO, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, FRO is valued rather cheaply.
Industry RankSector Rank
PE 32.62
Fwd PE 9.97
FRO.OL Price Earnings VS Forward Price EarningsFRO.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FRO indicates a slightly more expensive valuation: FRO is more expensive than 68.92% of the companies listed in the same industry.
  • FRO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FRO is cheaper than 67.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.13
EV/EBITDA 12.41
FRO.OL Per share dataFRO.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FRO does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of FRO may justify a higher PE ratio.
  • FRO's earnings are expected to grow with 19.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)7.14
PEG (5Y)1.79
EPS Next 2Y30.73%
EPS Next 3Y19.05%

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

4

5. Dividend

5.1 Amount

  • FRO has a Yearly Dividend Yield of 3.13%. Purely for dividend investing, there may be better candidates out there.
  • FRO's Dividend Yield is comparable with the industry average which is at 5.28.
  • Compared to an average S&P500 Dividend Yield of 1.84, FRO pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.13%

5.2 History

  • On average, the dividend of FRO grows each year by 78.57%, which is quite nice.
Dividend Growth(5Y)78.57%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • FRO pays out 110.35% of its income as dividend. This is not a sustainable payout ratio.
  • FRO's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP110.35%
EPS Next 2Y30.73%
EPS Next 3Y19.05%
FRO.OL Yearly Income VS Free CF VS DividendFRO.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M
FRO.OL Dividend Payout.FRO.OL Dividend Payout, showing the Payout Ratio.FRO.OL Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

FRONTLINE PLC

OSL:FRO (2/13/2026, 7:00:00 PM)

289.7

+5.7 (+2.01%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-21
Earnings (Next)04-30
Inst Owners31.42%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap64.49B
Revenue(TTM)1.77B
Net Income(TTM)217.88M
Analysts87.5
Price Target278.69 (-3.8%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.13%
Yearly Dividend18.62
Dividend Growth(5Y)78.57%
DP110.35%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)-6.2%
PT rev (3m)6.1%
EPS NQ rev (1m)-0.11%
EPS NQ rev (3m)17.39%
EPS NY rev (1m)1.37%
EPS NY rev (3m)1.35%
Revenue NQ rev (1m)0.94%
Revenue NQ rev (3m)9.98%
Revenue NY rev (1m)8.53%
Revenue NY rev (3m)5.83%
Valuation
Industry RankSector Rank
PE 32.62
Fwd PE 9.97
P/S 3.82
P/FCF 12.13
P/OCF 11.91
P/B 2.9
P/tB 3.05
EV/EBITDA 12.41
EPS(TTM)8.88
EY3.07%
EPS(NY)29.05
Fwd EY10.03%
FCF(TTM)23.89
FCFY8.25%
OCF(TTM)24.32
OCFY8.39%
SpS75.75
BVpS99.75
TBVpS94.93
PEG (NY)7.14
PEG (5Y)1.79
Graham Number141.17
Profitability
Industry RankSector Rank
ROA 3.82%
ROE 9.37%
ROCE 8.55%
ROIC 6.58%
ROICexc 6.83%
ROICexgc 6.99%
OM 25.52%
PM (TTM) 12.34%
GM 45.19%
FCFM 31.54%
ROA(3y)9.7%
ROA(5y)7.85%
ROE(3y)23.68%
ROE(5y)19.15%
ROIC(3y)9.01%
ROIC(5y)7.45%
ROICexc(3y)9.79%
ROICexc(5y)8.02%
ROICexgc(3y)10.03%
ROICexgc(5y)8.24%
ROCE(3y)11.7%
ROCE(5y)9.67%
ROICexgc growth 3Y374.61%
ROICexgc growth 5Y7.27%
ROICexc growth 3Y376.04%
ROICexc growth 5Y7.73%
OM growth 3Y281.28%
OM growth 5Y5.78%
PM growth 3YN/A
PM growth 5Y10.58%
GM growth 3Y25.66%
GM growth 5Y3.8%
F-Score4
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 5.82
Debt/EBITDA 3.73
Cap/Depr 2.94%
Cap/Sales 0.56%
Interest Coverage 250
Cash Conversion 71.79%
Profit Quality 255.64%
Current Ratio 1.37
Quick Ratio 1.37
Altman-Z 1.92
F-Score4
WACC8.53%
ROIC/WACC0.77
Cap/Depr(3y)393.23%
Cap/Depr(5y)320.76%
Cap/Sales(3y)52.88%
Cap/Sales(5y)47.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-54.41%
EPS 3YN/A
EPS 5Y18.25%
EPS Q2Q%-44.12%
EPS Next Y4.57%
EPS Next 2Y30.73%
EPS Next 3Y19.05%
EPS Next 5Y10.7%
Revenue 1Y (TTM)-13.41%
Revenue growth 3Y39.87%
Revenue growth 5Y16.45%
Sales Q2Q%-11.76%
Revenue Next Year-7.03%
Revenue Next 2Y2.89%
Revenue Next 3Y2.66%
Revenue Next 5Y-0.67%
EBIT growth 1Y-42.95%
EBIT growth 3Y433.29%
EBIT growth 5Y23.18%
EBIT Next Year27.87%
EBIT Next 3Y15.85%
EBIT Next 5Y10.17%
FCF growth 1Y-24.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-42.02%
OCF growth 3Y105.18%
OCF growth 5Y21.32%

FRONTLINE PLC / FRO.OL FAQ

What is the ChartMill fundamental rating of FRONTLINE PLC (FRO.OL) stock?

ChartMill assigns a fundamental rating of 5 / 10 to FRO.OL.


What is the valuation status for FRO stock?

ChartMill assigns a valuation rating of 4 / 10 to FRONTLINE PLC (FRO.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for FRONTLINE PLC?

FRONTLINE PLC (FRO.OL) has a profitability rating of 6 / 10.


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

The Price/Earnings (PE) ratio for FRONTLINE PLC (FRO.OL) is 32.62 and the Price/Book (PB) ratio is 2.9.


What is the earnings growth outlook for FRONTLINE PLC?

The Earnings per Share (EPS) of FRONTLINE PLC (FRO.OL) is expected to grow by 4.57% in the next year.