FRO Stock Analysis: Frontline | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 8.181m USD | 12M Return: 132.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 127M
EPS Trend: -54.8%
Qual. Beats: 0
Rev. Trend: 22.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Frontline plc (NYSE: FRO) is a Cyprus-based shipping company that owns and operates a global fleet of oil and product tankers, including very large crude carriers (VLCCs), Suezmax tankers, and LR2/Aframax tankers. As of December 31, 2025, the company operated 80 vessels, comprising 41 VLCCs, 21 Suezmax tankers, and 18 LR2/Aframax tankers. In addition to operating its fleet, Frontline is involved in chartering, purchasing, and selling vessels. The company was founded in 1985 and is headquartered in Limassol, Cyprus, and is listed within the Energy sector under Oil & Gas Storage & Transportation.
The crude tanker shipping industry is highly cyclical, with vessel utilization and freight rates closely tied to global oil supply, demand, and trade patterns. Tanker operators like Frontline typically generate revenue through a mix of spot charters (single voyages at market rates) and time charters (fixed-rate contracts for set periods), which influences earnings volatility across market cycles.
- VLCC spot rates climb on tightening tonnage supply
- OPEC+ output cuts and Russian oil sanctions reshape ton-mile demand
- Fleet renewal and new VLCC deliveries pressure near-term utilization
| Net Income: 904.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -0.73 > 1.0 |
| NWC/Revenue: 21.66% < 20% (prev 19.88%; Δ 1.78% < -1%) |
| CFO/TA 0.16 > 3% & CFO 927.0m > Net Income 904.9m |
| Net Debt (2.16b) to EBITDA (1.44b): 1.50 < 3 |
| Current Ratio: 2.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (222.6m) vs 12m ago -0.00% < -2% |
| Gross Margin: 41.47% > 18% (prev 30.98%; Δ 10.49% > 0.5%) |
| Asset Turnover: 38.15% > 50% (prev 30.95%; Δ 7.20% > 0%) |
| Interest Coverage Ratio: 5.36 > 6 (EBIT TTM 1.12b / Interest Expense TTM 208.5m) |
| A: 0.09 (Total Current Assets 959.1m - Total Current Liabilities 471.5m) / Total Assets 5.67b |
| B: 0.18 (Retained Earnings 1.01b / Total Assets 5.67b) |
| C: 0.19 (EBIT TTM 1.12b / Avg Total Assets 5.90b) |
| D: 1.01 (Book Value of Equity 2.84b / Total Liabilities 2.82b) |
| Altman-Z'' = 3.47 = A |
As of July 10, 2026, the stock is trading at USD 38.46 with a total of 2,035,689 shares traded. Over the past week, the price has changed by +10.55%, over one month by +14.64%, over three months by +11.02% and over the past year by +132.17%.
Current recommended Stop Loss: 34.70 (which is 9.8% or 2.1 ATR below the current price).
Frontline has received a consensus analysts rating of 4.83. Therefore, it is recommended to buy FRO.
- StrongBuy: 5
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 44.3 | 15.1% |
P/E Trailing = 9.0517
P/E Forward = 5.3107
P/S = 3.6338
P/B = 2.8795
P/EG = 5.5847
Revenue TTM = 2.25b USD
EBIT TTM = 1.12b USD
EBITDA TTM = 1.44b USD
Long Term Debt = 2.35b USD (from longTermDebt, last quarter)
Short Term Debt = 279.6m USD (from shortTermDebt, last quarter)
Debt = 2.63b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.16b USD (calculated: Debt 2.63b - CCE 471.7m)
Enterprise Value = 10.3b USD (8.18b + Debt 2.63b - CCE 471.7m)
Interest Coverage Ratio = 5.36 (Ebit TTM 1.12b / Interest Expense TTM 208.5m)
EV/FCF = 17.47x (Enterprise Value 10.3b / FCF TTM 591.9m)
FCF Yield = 5.72% (FCF TTM 591.9m / Enterprise Value 10.3b)
FCF Margin = 26.29% (FCF TTM 591.9m / Revenue TTM 2.25b)
Net Margin = 40.19% (Net Income TTM 904.9m / Revenue TTM 2.25b)
Gross Margin = 41.47% ((Revenue TTM 2.25b - Cost of Revenue TTM 1.32b) / Revenue TTM)
Gross Margin QoQ = 55.44% (prev 46.26%)
Tobins Q-Ratio = 1.83 (Enterprise Value 10.3b / Total Assets 5.67b)
Interest Expense / Debt = 7.93% (Interest Expense 208.5m / Debt 2.63b)
Taxrate = 0.50% (4.59m / 909.5m)
NOPAT = 1.11b (EBIT 1.12b * (1 - 0.50%))
Current Ratio = 2.03 (Total Current Assets 959.1m / Total Current Liabilities 471.5m)
Debt / Equity = 0.93 (Debt 2.63b / totalStockholderEquity, last quarter 2.84b)
Debt / EBITDA = 1.50 (Net Debt 2.16b / EBITDA 1.44b)
Debt / FCF = 3.65 (Net Debt 2.16b / FCF TTM 591.9m)
Total Stockholder Equity = 2.51b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.33% (Net Income 904.9m / Total Assets 5.67b)
RoE = 36.03% (Net Income TTM 904.9m / Total Stockholder Equity 2.51b)
RoCE = 22.99% (EBIT 1.12b / Capital Employed (Equity 2.51b + L.T.Debt 2.35b))
RoIC = 20.75% (NOPAT 1.11b / Invested Capital 5.36b)
WACC = 7.14% (E(8.18b)/V(10.8b) * Re(6.90%) + D(2.63b)/V(10.8b) * Rd(7.93%) * (1-Tc(0.01)))
Discount Rate = 6.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -22.77 | Cagr: 0.0%
[DCF] Terminal Value 73.32% ; FCFF base≈629.7m ; Y1≈558.9m ; Y5≈462.6m
[DCF] Fair Price = 23.55 (EV 7.40b - Net Debt 2.16b = Equity 5.24b / Shares 222.6m; r=8.35% [WACC [floored]]; 5y FCF grow -13.76% → 2.50% )
EPS Correlation: -54.83 | EPS CAGR: -22.18% | SUE: -0.52 | # QB: 0
Revenue Correlation: 22.78 | Revenue CAGR: 1.63% | SUE: 0.44 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.62 | Chg30d=+3.47% | Revisions=+0% | Analysts=4
EPS next Quarter (2026-09-30): EPS=1.39 | Chg30d=-1.48% | Revisions=+50% | Analysts=4
EPS current Year (2026-12-31): EPS=7.29 | Chg30d=+28.73% | Revisions=+0% | GrowthEPS=+311.6% | GrowthRev=+96.4%
EPS next Year (2027-12-31): EPS=3.53 | Chg30d=+16.30% | Revisions=+17% | GrowthEPS=-51.6% | GrowthRev=-30.1%
[Analyst] Revisions Ratio: +36% (up=6, down=2)