FRO Stock Analysis: Frontline | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 11.474m USD | 12M Return: 180.2% | CY0200352116 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 199M
EPS Trend: -20.7%
Qual. Beats: -1
Rev. Trend: 53.5%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 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. 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 vessels, Frontline is involved in chartering, purchasing, and selling ships.
The company is classified within the Energy sector under the Oil & Gas Storage & Transportation sub-industry, reflecting its role in moving crude oil and refined products across international shipping routes. Tanker shipping is a capital-intensive, cyclical business in which revenue is largely driven by charter rates tied to global oil trade flows and vessel supply-demand dynamics. Founded in 1985 and headquartered in Limassol, Cyprus-a major maritime registry hub-the company has been listed on the NYSE since 2001.
- VLCC charter rates rise on tight vessel supply
- OPEC+ output cuts reduce long-haul crude demand
- New VLCC orders expand fleet capacity
| Net Income: 1.49b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 1.79 > 1.0 |
| NWC/Revenue: 15.63% < 20% (prev 22.72%; Δ -7.08% < -1%) |
| CFO/TA 0.23 > 3% & CFO 1.35b > Net Income 1.49b |
| Net Debt (2.11b) to EBITDA (1.89b): 1.12 < 3 |
| Current Ratio: 1.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (222.6m) vs 12m ago -0.00% < -2% |
| Gross Margin: 51.53% > 18% (prev 28.24%; Δ 23.28% > 0.5%) |
| Asset Turnover: 45.54% > 50% (prev 29.85%; Δ 15.69% > 0%) |
| Interest Coverage Ratio: 8.50 > 6 (EBIT TTM 1.58b / Interest Expense TTM 185.5m) |
| A: 0.07 (Total Current Assets 912.4m - Total Current Liabilities 488.0m) / Total Assets 5.81b |
| B: 0.23 (Retained Earnings 1.32b / Total Assets 5.81b) |
| C: 0.26 (EBIT TTM 1.58b / Avg Total Assets 5.96b) |
| D: 1.19 (Book Value of Equity 3.16b / Total Liabilities 2.66b) |
| Altman-Z'' = 4.25 = AA |
| DSRI: 0.81 (Receivables 187.6m/155.4m, Revenue 2.71b/1.82b) |
| GMI: 0.55 (GM 28.24% / 51.53%) |
| AQI: 1.13 (AQ_t 0.02 / AQ_t-1 0.02) |
| SGI: 1.49 (Revenue 2.71b / 1.82b) |
| TATA: 0.02 (NI 1.49b - CFO 1.35b) / TA 5.81b) |
| Beneish M = -3.16 (Cap -4..+1) = AA |
As of October 09, 2026, the stock is trading at USD 53.06 with a total of 3,013,086 shares traded. Over the past week, the price has changed by +7.69%, over one month by +21.48%, over three months by +50.38% and over the past year by +180.24%.
Current recommended Stop Loss: 50.30 (which is 5.2% or 1.4 ATR below the current price).
Frontline has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy FRO.
- StrongBuy: 2
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 50.8 | -4.4% |
P/E Trailing = 7.384
P/E Forward = 10.01
P/S = 4.2266
P/B = 3.3558
P/EG = 5.5847
Revenue TTM = 2.71b USD
EBIT TTM = 1.58b USD
EBITDA TTM = 1.89b USD
Long Term Debt = 2.17b USD (from longTermDebt, last quarter)
Short Term Debt = 265.9m USD (from shortTermDebt, last quarter)
Debt = 2.43b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.11b USD (calculated: Debt 2.43b - CCE 322.3m)
Enterprise Value = 13.6b USD (11.5b + Debt 2.43b - CCE 322.3m)
Interest Coverage Ratio = 8.50 (Ebit TTM 1.58b / Interest Expense TTM 185.5m)
EV/FCF = 19.72x (Enterprise Value 13.6b / FCF TTM 689.0m)
FCF Yield = 5.07% (FCF TTM 689.0m / Enterprise Value 13.6b)
FCF Margin = 25.38% (FCF TTM 689.0m / Revenue TTM 2.71b)
Net Margin = 54.76% (Net Income TTM 1.49b / Revenue TTM 2.71b)
Gross Margin = 51.53% ((Revenue TTM 2.71b - Cost of Revenue TTM 1.32b) / Revenue TTM)
Gross Margin QoQ = 64.52% (prev 55.44%)
Tobins Q-Ratio = 2.34 (Enterprise Value 13.6b / Total Assets 5.81b)
Interest Expense / Debt = 7.62% (Interest Expense 185.5m / Debt 2.43b)
Taxrate = 0.24% (3.62m / 1.49b)
NOPAT = 1.57b (EBIT 1.58b * (1 - 0.24%))
Current Ratio = 1.87 (Total Current Assets 912.4m / Total Current Liabilities 488.0m)
Debt / Equity = 0.77 (Debt 2.43b / totalStockholderEquity, last quarter 3.16b)
Debt / EBITDA = 1.12 (Net Debt 2.11b / EBITDA 1.89b)
Debt / FCF = 3.07 (Net Debt 2.11b / FCF TTM 689.0m)
Total Stockholder Equity = 2.71b (last 4 quarters mean from totalStockholderEquity)
RoA = 24.94% (Net Income 1.49b / Total Assets 5.81b)
RoE = 54.89% (Net Income TTM 1.49b / Total Stockholder Equity 2.71b)
RoCE = 32.33% (EBIT 1.58b / Capital Employed (Equity 2.71b + L.T.Debt 2.17b))
RoIC = 28.84% (NOPAT 1.57b / Invested Capital 5.45b)
WACC = 6.07% (E(11.5b)/V(13.9b) * Re(5.75%) + D(2.43b)/V(13.9b) * Rd(7.62%) * (1-Tc(0.00)))
Discount Rate = 5.75% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -79.77 | Cagr: -0.00%
[DCF] Terminal Value 76.89% ; FCFF base≈659.3m ; Y1≈728.0m ; Y5≈932.6m
[DCF] Fair Price = 54.44 (EV 14.2b - Net Debt 2.11b = Equity 12.1b / Shares 222.6m; r=8.35% [WACC [floored]]; 5y FCF grow 12.08% → 2.50% )
EPS Correlation: -20.67 | EPS CAGR: -9.01% | SUE: -4.0 | # QB: -1
Revenue Correlation: 53.54 | Revenue CAGR: 7.14% | SUE: 0.73 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.23 | Chg30d=+61.12% | Revisions=+40% | Analysts=4
EPS current Year (2026-12-31): EPS=8.38 | Chg30d=+8.25% | Revisions=+40% | GrowthEPS=+373.2% | GrowthRev=+126.8%
EPS next Year (2027-12-31): EPS=4.57 | Chg30d=+15.75% | Revisions=+17% | GrowthEPS=-45.4% | GrowthRev=-34.8%
[Analyst] Revisions Ratio: +50% (up=6, down=1)