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FRONTLINE PLC (FRO) Stock Fundamental Analysis

NYSE:FRO - CY0200352116 - Common Stock

20.9 USD
+0.18 (+0.87%)
Last: 8/29/2025, 8:25:14 PM
20.425 USD
-0.47 (-2.27%)
After Hours: 8/29/2025, 8:25:14 PM
Fundamental Rating

5

Taking everything into account, FRO scores 5 out of 10 in our fundamental rating. FRO was compared to 209 industry peers in the Oil, Gas & Consumable Fuels industry. While FRO has a great profitability rating, there are quite some concerns on its financial health. FRO has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year FRO was profitable.
FRO had a positive operating cash flow in the past year.
In multiple years FRO reported negative net income over the last 5 years.
Of the past 5 years FRO 4 years had a positive operating cash flow.
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

Looking at the Return On Assets, with a value of 11.16%, FRO belongs to the top of the industry, outperforming 88.52% of the companies in the same industry.
With an excellent Return On Equity value of 28.82%, FRO belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
FRO has a better Return On Invested Capital (10.78%) than 81.82% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FRO is significantly below the industry average of 21.96%.
The 3 year average ROIC (6.27%) for FRO is below the current ROIC(10.78%), indicating increased profibility in the last year.
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

Looking at the Profit Margin, with a value of 36.42%, FRO belongs to the top of the industry, outperforming 89.47% of the companies in the same industry.
FRO's Profit Margin has improved in the last couple of years.
FRO has a better Operating Margin (41.43%) than 86.60% of its industry peers.
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 64.11% of its industry peers.
FRO's Gross Margin has improved in the last couple of years.
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

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3

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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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 1.67, we must say that FRO is in the distress zone and has some risk of bankruptcy.
FRO has a Altman-Z score of 1.67. This is comparable to the rest of the industry: FRO outperforms 58.37% 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.
With a Debt to Equity ratio value of 1.40, FRO is not doing good in the industry: 72.73% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.4
Debt/FCF N/A
Altman-Z 1.67
ROIC/WACC1.34
WACC8.02%
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.
The Current ratio of FRO (1.78) is better than 71.29% of its industry peers.
FRO has a Quick Ratio of 1.78. This is a normal value and indicates that FRO is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.78, FRO is doing good in the industry, outperforming 74.64% 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

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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%.
The Earnings Per Share has been growing by 18.25% on average over the past years. This is quite good.
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

Based on estimates for the next years, FRO will show a very strong growth in Earnings Per Share. The EPS will grow by 28.73% on average per year.
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 Y23.41%
EPS Next 2Y30.2%
EPS Next 3Y28.73%
EPS Next 5YN/A
Revenue Next Year-9.49%
Revenue Next 2Y1.79%
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 2 -2

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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 15.60 indicates a correct valuation of FRO.
Compared to the rest of the industry, the Price/Earnings ratio of FRO is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.13. FRO is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 6.93, the valuation of FRO can be described as very cheap.
FRO's Price/Forward Earnings ratio is rather cheap when compared to the industry. FRO is cheaper than 88.04% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.76, FRO is valued rather cheaply.
Industry RankSector Rank
PE 15.6
Fwd PE 6.93
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 is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.97
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.
The excellent profitability rating of FRO may justify a higher PE ratio.
A more expensive valuation may be justified as FRO's earnings are expected to grow with 28.73% in the coming years.
PEG (NY)0.67
PEG (5Y)0.85
EPS Next 2Y30.2%
EPS Next 3Y28.73%

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 6.47%, FRO is a good candidate for dividend investing.
FRO's Dividend Yield is a higher than the industry average which is at 6.06.
FRO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
Industry RankSector Rank
Dividend Yield 6.47%

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 2015 2016 2017 2019 2020 2022 2023 2024 2025 2 4 6

5.3 Sustainability

FRO pays out 97.34% of its income as dividend. 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.
DP97.34%
EPS Next 2Y30.2%
EPS Next 3Y28.73%
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

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FRONTLINE PLC

NYSE:FRO (8/29/2025, 8:25:14 PM)

After market: 20.425 -0.47 (-2.27%)

20.9

+0.18 (+0.87%)

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 Owners32.16%
Inst Owner Change2.27%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap4.65B
Analysts82.86
Price Target24.14 (15.5%)
Short Float %4.65%
Short Ratio2.56
Dividend
Industry RankSector Rank
Dividend Yield 6.47%
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)2.9%
PT rev (3m)-13.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
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 15.6
Fwd PE 6.93
P/S 2.58
P/FCF N/A
P/OCF 5.43
P/B 2.04
P/tB 2.15
EV/EBITDA 7.97
EPS(TTM)1.34
EY6.41%
EPS(NY)3.02
Fwd EY14.44%
FCF(TTM)-3.48
FCFYN/A
OCF(TTM)3.85
OCFY18.4%
SpS8.1
BVpS10.23
TBVpS9.73
PEG (NY)0.67
PEG (5Y)0.85
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 1.67
F-Score6
WACC8.02%
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 Y23.41%
EPS Next 2Y30.2%
EPS Next 3Y28.73%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-26.03%
Revenue Next Year-9.49%
Revenue Next 2Y1.79%
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 3Y16.09%
EBIT Next 5Y15.66%
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%