FRONTLINE PLC (FRO) Stock Fundamental Analysis

NYSE:FRO • CY0200352116

34.72 USD
+0.9 (+2.66%)
At close: Feb 20, 2026
34.6 USD
-0.12 (-0.35%)
After Hours: 2/20/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FRO. FRO was compared to 206 industry peers in the Oil, Gas & Consumable Fuels industry. FRO has only an average score on both its financial health and profitability. FRO is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

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.
  • FRO had positive earnings in 4 of the past 5 years.
  • FRO had a positive operating cash flow in each 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M

1.2 Ratios

  • FRO has a Return On Assets (3.82%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 9.37%, FRO is in line with its industry, outperforming 59.22% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 6.75%, FRO is doing good in the industry, outperforming 62.14% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for FRO is significantly below the industry average of 21.97%.
Industry RankSector Rank
ROA 3.82%
ROE 9.37%
ROIC 6.75%
ROA(3y)9.7%
ROA(5y)7.85%
ROE(3y)23.68%
ROE(5y)19.15%
ROIC(3y)9.24%
ROIC(5y)7.64%
FRO Yearly ROA, ROE, ROICFRO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

1.3 Margins

  • Looking at the Profit Margin, with a value of 12.34%, FRO is in the better half of the industry, outperforming 63.11% of the companies in the same industry.
  • FRO's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 25.52%, FRO is doing good in the industry, outperforming 66.02% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FRO has grown nicely.
  • FRO has a Gross Margin of 45.19%. This is comparable to the rest of the industry: FRO outperforms 54.37% of its industry peers.
  • 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 Yearly Profit, Operating, Gross MarginsFRO 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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FRO is still creating some value.
  • Compared to 1 year ago, FRO has about the same amount of shares outstanding.
  • FRO has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, FRO has a worse debt to assets ratio.
FRO Yearly Shares OutstandingFRO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
FRO Yearly Total Debt VS Total AssetsFRO 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 2.09 indicates that FRO is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • FRO has a better Altman-Z score (2.09) than 66.50% of its industry peers.
  • The Debt to FCF ratio of FRO is 5.82, which is a neutral value as it means it would take FRO, 5.82 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of FRO (5.82) is better than 62.14% 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.
  • With a Debt to Equity ratio value of 1.27, FRO is not doing good in the industry: 71.36% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 5.82
Altman-Z 2.09
ROIC/WACC0.83
WACC8.09%
FRO Yearly LT Debt VS Equity VS FCFFRO 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 better Current ratio (1.37) than 60.68% of its industry peers.
  • A Quick Ratio of 1.37 indicates that FRO should not have too much problems paying its short term obligations.
  • The Quick ratio of FRO (1.37) is better than 66.50% of its industry peers.
Industry RankSector Rank
Current Ratio 1.37
Quick Ratio 1.37
FRO Yearly Current Assets VS Current LiabilitesFRO 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

  • FRO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -54.41%.
  • The Earnings Per Share has been growing by 18.25% on average over the past years. This is quite good.
  • Looking at the last year, FRO shows a very negative growth in Revenue. The Revenue has decreased by -13.41% in the last year.
  • The Revenue has been growing by 16.45% on average over the past years. This is quite good.
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

  • Based on estimates for the next years, FRO will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.70% on average per year.
  • 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 2Y32.17%
EPS Next 3Y19.05%
EPS Next 5Y10.7%
Revenue Next Year-7.03%
Revenue Next 2Y6.83%
Revenue Next 3Y3.69%
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
FRO Yearly Revenue VS EstimatesFRO 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 Yearly EPS VS EstimatesFRO 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

  • The Price/Earnings ratio is 37.33, which means the current valuation is very expensive for FRO.
  • Based on the Price/Earnings ratio, FRO is valued a bit more expensive than 63.59% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of FRO to the average of the S&P500 Index (26.99), we can say FRO is valued slightly more expensively.
  • Based on the Price/Forward Earnings ratio of 11.17, the valuation of FRO can be described as reasonable.
  • 79.61% 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 (28.06), we can say FRO is valued rather cheaply.
Industry RankSector Rank
PE 37.33
Fwd PE 11.17
FRO Price Earnings VS Forward Price EarningsFRO 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 is on the same level as its industry peers.
  • FRO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FRO is cheaper than 67.96% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.88
EV/EBITDA 13.64
FRO Per share dataFRO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • FRO has a very decent profitability rating, which 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)8.17
PEG (5Y)2.05
EPS Next 2Y32.17%
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 2.75%. Purely for dividend investing, there may be better candidates out there.
  • FRO's Dividend Yield is comparable with the industry average which is at 3.52.
  • FRO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 2.75%

5.2 History

  • The dividend of FRO is nicely growing with an annual growth rate of 78.57%!
  • FRO has been paying a dividend for at least 10 years, so it has 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 2016 2017 2019 2020 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

  • 110.35% of the earnings are spent on dividend by FRO. This is not a sustainable payout ratio.
  • The dividend of FRO is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP110.35%
EPS Next 2Y32.17%
EPS Next 3Y19.05%
FRO Yearly Income VS Free CF VS DividendFRO 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 Dividend Payout.FRO Dividend Payout, showing the Payout Ratio.FRO Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

FRONTLINE PLC

NYSE:FRO (2/20/2026, 8:04:00 PM)

After market: 34.6 -0.12 (-0.35%)

34.72

+0.9 (+2.66%)

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 Change-0.01%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap7.73B
Revenue(TTM)1.77B
Net Income(TTM)217.88M
Analysts87.5
Price Target29.07 (-16.27%)
Short Float %2.66%
Short Ratio1.32
Dividend
Industry RankSector Rank
Dividend Yield 2.75%
Yearly Dividend1.95
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)0%
PT rev (3m)12.87%
EPS NQ rev (1m)-0.11%
EPS NQ rev (3m)17.39%
EPS NY rev (1m)0.25%
EPS NY rev (3m)2.86%
Revenue NQ rev (1m)0.94%
Revenue NQ rev (3m)10.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)10.11%
Valuation
Industry RankSector Rank
PE 37.33
Fwd PE 11.17
P/S 4.38
P/FCF 13.88
P/OCF 13.63
P/B 3.32
P/tB 3.49
EV/EBITDA 13.64
EPS(TTM)0.93
EY2.68%
EPS(NY)3.11
Fwd EY8.96%
FCF(TTM)2.5
FCFY7.21%
OCF(TTM)2.55
OCFY7.34%
SpS7.93
BVpS10.45
TBVpS9.94
PEG (NY)8.17
PEG (5Y)2.05
Graham Number14.79
Profitability
Industry RankSector Rank
ROA 3.82%
ROE 9.37%
ROCE 8.55%
ROIC 6.75%
ROICexc 7.01%
ROICexgc 7.17%
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)9.24%
ROIC(5y)7.64%
ROICexc(3y)10.04%
ROICexc(5y)8.23%
ROICexgc(3y)10.29%
ROICexgc(5y)8.45%
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 2.09
F-Score4
WACC8.09%
ROIC/WACC0.83
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 2Y32.17%
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 2Y6.83%
Revenue Next 3Y3.69%
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 FAQ

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

ChartMill assigns a fundamental rating of 4 / 10 to FRO.


What is the valuation status for FRO stock?

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


Can you provide the profitability details for FRONTLINE PLC?

FRONTLINE PLC (FRO) 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) is 37.33 and the Price/Book (PB) ratio is 3.32.


What is the earnings growth outlook for FRONTLINE PLC?

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