Logo image of FRO

FRONTLINE PLC (FRO) Stock Fundamental Analysis

NYSE:FRO - New York Stock Exchange, Inc. - CY0200352116 - Common Stock - Currency: USD

19.55  -0.22 (-1.11%)

After market: 19.55 0 (0%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to FRO. FRO was compared to 213 industry peers in the Oil, Gas & Consumable Fuels industry. While FRO belongs to the best of the industry regarding profitability, there are concerns on its financial health. FRO is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

Quickly go to:

8

1. Profitability

1.1 Basic Checks

FRO had positive earnings in the past year.
FRO had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: FRO reported negative net income in multiple years.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M -500M

1.2 Ratios

FRO has a Return On Assets of 11.16%. This is amongst the best in the industry. FRO outperforms 85.45% of its industry peers.
The Return On Equity of FRO (28.82%) is better than 90.61% of its industry peers.
FRO has a Return On Invested Capital of 10.78%. This is in the better half of the industry: FRO outperforms 79.34% 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 23.55%.
The last Return On Invested Capital (10.78%) for FRO is above the 3 year average (6.27%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 11.16%
ROE 28.82%
ROIC 10.78%
ROA(3y)6.95%
ROA(5y)7.04%
ROE(3y)16.39%
ROE(5y)16.81%
ROIC(3y)6.27%
ROIC(5y)7.15%
FRO Yearly ROA, ROE, ROICFRO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20 -20

1.3 Margins

FRO's Profit Margin of 36.42% is amongst the best of the industry. FRO outperforms 89.67% 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 41.43%, FRO belongs to the top of the industry, outperforming 86.39% of the companies in the same industry.
In the last couple of years the Operating Margin of FRO has grown nicely.
FRO's Gross Margin of 55.88% is fine compared to the rest of the industry. FRO outperforms 62.91% of its industry peers.
In the last couple of years the Gross Margin of FRO has grown nicely.
Industry RankSector Rank
OM 41.43%
PM (TTM) 36.42%
GM 55.88%
OM growth 3Y1.92%
OM growth 5Y33.51%
PM growth 3Y2.51%
PM growth 5YN/A
GM growth 3Y-0.13%
GM growth 5Y12.14%
FRO Yearly Profit, Operating, Gross MarginsFRO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 60

More info and screens

3

2. Health

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.
There is no outstanding debt for FRO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
FRO Yearly Shares OutstandingFRO Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
FRO Yearly Total Debt VS Total AssetsFRO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

2.2 Solvency

Based on the Altman-Z score of 1.63, we must say that FRO is in the distress zone and has some risk of bankruptcy.
FRO has a Altman-Z score of 1.63. This is comparable to the rest of the industry: FRO outperforms 56.34% of its industry peers.
FRO has a Debt/Equity ratio of 1.40. This is a high value indicating a heavy dependency on external financing.
FRO has a worse Debt to Equity ratio (1.40) than 73.24% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.4
Debt/FCF N/A
Altman-Z 1.63
ROIC/WACC1.34
WACC8.04%
FRO Yearly LT Debt VS Equity VS FCFFRO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 1.78 indicates that FRO should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.78, FRO is doing good in the industry, outperforming 73.71% of the companies in the same industry.
A Quick Ratio of 1.78 indicates that FRO should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.78, FRO is doing good in the industry, outperforming 77.46% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.78
Quick Ratio 1.78
FRO Yearly Current Assets VS Current LiabilitesFRO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

More info and screens

3

3. Growth

3.1 Past

FRO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -43.70%.
FRO shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.25% yearly.
EPS 1Y (TTM)-43.7%
EPS 3YN/A
EPS 5Y18.25%
EPS Q2Q%-70.97%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-26.03%

3.2 Future

FRO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.93% yearly.
Based on estimates for the next years, FRO will show a small growth in Revenue. The Revenue will grow by 7.15% on average per year.
EPS Next Y32.71%
EPS Next 2Y32.34%
EPS Next 3Y26.93%
EPS Next 5YN/A
Revenue Next Year-9.42%
Revenue Next 2Y3.42%
Revenue Next 3Y7.15%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
FRO Yearly Revenue VS EstimatesFRO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
FRO Yearly EPS VS EstimatesFRO Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 -1 2 -2 3

More info and screens

6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 14.59, the valuation of FRO can be described as correct.
The rest of the industry has a similar Price/Earnings ratio as FRO.
FRO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.32.
Based on the Price/Forward Earnings ratio of 6.27, the valuation of FRO can be described as very cheap.
87.79% of the companies in the same industry are more expensive than FRO, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of FRO to the average of the S&P500 Index (22.19), we can say FRO is valued rather cheaply.
Industry RankSector Rank
PE 14.59
Fwd PE 6.27
FRO Price Earnings VS Forward Price EarningsFRO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

FRO's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.71
FRO Per share dataFRO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -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.
FRO has an outstanding profitability rating, which may justify a higher PE ratio.
FRO's earnings are expected to grow with 26.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.45
PEG (5Y)0.8
EPS Next 2Y32.34%
EPS Next 3Y26.93%

More info and screens

5

5. Dividend

5.1 Amount

FRO has a Yearly Dividend Yield of 7.29%, which is a nice return.
Compared to an average industry Dividend Yield of 6.56, FRO pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, FRO pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.29%

5.2 History

On average, the dividend of FRO grows each year by 78.57%, which is quite nice.
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 2015 2016 2017 2019 2020 2022 2023 2024 2025 2 4 6

5.3 Sustainability

97.34% of the earnings are spent on dividend by FRO. This is not a sustainable payout ratio.
FRO's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP97.34%
EPS Next 2Y32.34%
EPS Next 3Y26.93%
FRO Yearly Income VS Free CF VS DividendFRO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M -500M
FRO Dividend Payout.FRO Dividend Payout, showing the Payout Ratio.FRO Dividend Payout.PayoutRetained Earnings

More info and screens

FRONTLINE PLC

NYSE:FRO (6/18/2025, 4:53:36 PM)

After market: 19.55 0 (0%)

19.55

-0.22 (-1.11%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)05-23 2025-05-23/bmo
Earnings (Next)N/A N/A
Inst Owners30.25%
Inst Owner Change-5.15%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap4.35B
Analysts82.86
Price Target27.88 (42.61%)
Short Float %5.22%
Short Ratio2.46
Dividend
Industry RankSector Rank
Dividend Yield 7.29%
Yearly Dividend1.95
Dividend Growth(5Y)78.57%
DP97.34%
Div Incr Years0
Div Non Decr Years0
Ex-Date06-12 2025-06-12 (0.18)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-10.31%
Min EPS beat(2)-20.35%
Max EPS beat(2)-0.27%
EPS beat(4)1
Avg EPS beat(4)-4.86%
Min EPS beat(4)-20.35%
Max EPS beat(4)11.91%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)50.92%
Min Revenue beat(2)49.69%
Max Revenue beat(2)52.15%
Revenue beat(4)3
Avg Revenue beat(4)36.61%
Min Revenue beat(4)-6.31%
Max Revenue beat(4)52.15%
Revenue beat(8)7
Avg Revenue beat(8)55.14%
Revenue beat(12)11
Avg Revenue beat(12)69.68%
Revenue beat(16)15
Avg Revenue beat(16)62.23%
PT rev (1m)0%
PT rev (3m)-3.53%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 14.59
Fwd PE 6.27
P/S 2.41
P/FCF N/A
P/OCF 5.08
P/B 1.91
P/tB 2.01
EV/EBITDA 7.71
EPS(TTM)1.34
EY6.85%
EPS(NY)3.12
Fwd EY15.95%
FCF(TTM)-3.48
FCFYN/A
OCF(TTM)3.85
OCFY19.67%
SpS8.1
BVpS10.23
TBVpS9.73
PEG (NY)0.45
PEG (5Y)0.8
Profitability
Industry RankSector Rank
ROA 11.16%
ROE 28.82%
ROCE 13.64%
ROIC 10.78%
ROICexc 11.44%
ROICexgc 11.69%
OM 41.43%
PM (TTM) 36.42%
GM 55.88%
FCFM N/A
ROA(3y)6.95%
ROA(5y)7.04%
ROE(3y)16.39%
ROE(5y)16.81%
ROIC(3y)6.27%
ROIC(5y)7.15%
ROICexc(3y)6.82%
ROICexc(5y)7.68%
ROICexgc(3y)7%
ROICexgc(5y)7.92%
ROCE(3y)7.93%
ROCE(5y)9.05%
ROICexcg growth 3Y1.14%
ROICexcg growth 5Y40.31%
ROICexc growth 3Y1.52%
ROICexc growth 5Y40.86%
OM growth 3Y1.92%
OM growth 5Y33.51%
PM growth 3Y2.51%
PM growth 5YN/A
GM growth 3Y-0.13%
GM growth 5Y12.14%
F-Score6
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 1.4
Debt/FCF N/A
Debt/EBITDA 3.27
Cap/Depr 706.42%
Cap/Sales 90.52%
Interest Coverage 4.52
Cash Conversion 87.58%
Profit Quality N/A
Current Ratio 1.78
Quick Ratio 1.78
Altman-Z 1.63
F-Score6
WACC8.04%
ROIC/WACC1.34
Cap/Depr(3y)407.55%
Cap/Depr(5y)305.25%
Cap/Sales(3y)58.57%
Cap/Sales(5y)42.36%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-43.7%
EPS 3YN/A
EPS 5Y18.25%
EPS Q2Q%-70.97%
EPS Next Y32.71%
EPS Next 2Y32.34%
EPS Next 3Y26.93%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-26.03%
Revenue Next Year-9.42%
Revenue Next 2Y3.42%
Revenue Next 3Y7.15%
Revenue Next 5YN/A
EBIT growth 1Y72.52%
EBIT growth 3Y16.04%
EBIT growth 5Y59.42%
EBIT Next Year43.81%
EBIT Next 3Y18.76%
EBIT Next 5Y14.92%
FCF growth 1Y-1665.67%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y122.19%
OCF growth 3Y12.33%
OCF growth 5Y79.32%