(FRO) Frontline - OL
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: OL (Norway) | Market Cap: 82.460m NOK | Total Return: 130.9% in 12m
Avg Turnover: 311M
EPS Trend: -54.7%
Qual. Beats: -9
Rev. Trend: 43.7%
Qual. Beats: 0
Warnings
Extended 1w
Tailwinds
Rs Leader, Confidence, Tailwind
Frontline plc is a Cyprus-based maritime transportation firm specializing in the global ownership and operation of crude oil and refined product tankers. The company manages a diversified fleet consisting of Very Large Crude Carriers (VLCCs), Suezmax tankers, and LR2/Aframax vessels, while also engaging in vessel chartering, acquisitions, and divestments.
The company operates within the spot market and long-term time charter segments, making its revenue highly sensitive to fluctuations in global oil demand and tanker supply. VLCCs, the largest vessels in the fleet, are primarily utilized for long-haul routes between major production hubs in the Middle East or US Gulf and refineries in Asia.
- Global crude demand and OPEC+ production cuts dictate spot tanker rates
- Geopolitical disruptions and Red Sea diversions extend ton-mile demand
- Fleet modernization through VLCC acquisitions drives revenue and margin expansion
- High dividend payout policy remains sensitive to volatile freight market cycles
| Net Income: 925.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA 4.37 > 1.0 |
| NWC/Revenue: 21.12% < 20% (prev 19.88%; Δ 1.24% < -1%) |
| CFO/TA 0.22 > 3% & CFO 1.22b > Net Income 925.1m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 2.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (222.6m) vs 12m ago -0.00% < -2% |
| Gross Margin: 48.66% > 18% (prev 30.98%; Δ 17.68% > 0.5%) |
| Asset Turnover: 39.13% > 50% (prev 30.95%; Δ 8.17% > 0%) |
| Interest Coverage Ratio: 4.89 > 6 (EBIT TTM 1.13b / Interest Expense TTM 231.9m) |
| 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 1.13b / Avg Total Assets 5.90b) |
| D: 1.01 (Book Value of Equity 2.84b / Total Liabilities 2.82b) |
| Altman-Z'' = 3.49 = A |
As of June 20, 2026, the stock is trading at NOK 380.70 with a total of 1,563,130 shares traded.
Over the past week, the price has changed by +15.04%,
over one month by +13.18%,
over three months by +32.81% and
over the past year by +130.90%.
Frontline has no consensus analysts rating.
Market Cap USD = 8.67b (82.5b NOK * 0.1052 NOK.USD)
P/E Trailing = 9.5959
P/E Forward = 5.5928
P/S = 36.6246
P/B = 3.0322
P/EG = 54.93
Revenue TTM = 2.31b USD
EBIT TTM = 1.13b USD
EBITDA TTM = 1.46b USD
Long Term Debt = 2.35b USD (from longTermDebt, last quarter)
Short Term Debt = 279.6m USD (from shortLongTermDebt, last quarter)
Debt = unknown
Net Debt = unknown
Enterprise Value = 8.20b USD (8.67b + (null Debt) - CCE 470.8m)
Interest Coverage Ratio = 4.89 (Ebit TTM 1.13b / Interest Expense TTM 231.9m)
EV/FCF = 9.31x (Enterprise Value 8.20b / FCF TTM 881.0m)
FCF Yield = 10.74% (FCF TTM 881.0m / Enterprise Value 8.20b)
FCF Margin = 38.15% (FCF TTM 881.0m / Revenue TTM 2.31b)
Net Margin = 40.06% (Net Income TTM 925.1m / Revenue TTM 2.31b)
Gross Margin = 48.66% ((Revenue TTM 2.31b - Cost of Revenue TTM 1.19b) / Revenue TTM)
Gross Margin QoQ = 55.44% (prev 46.26%)
Tobins Q-Ratio = 1.45 (Enterprise Value 8.20b / Total Assets 5.67b)
Interest Expense / Debt = unknown (Interest Expense 231.9m / Debt none)
Taxrate = 0.49% (4.59m / 933.1m)
NOPAT = 1.13b (EBIT 1.13b * (1 - 0.49%))
Current Ratio = 2.03 (Total Current Assets 959.1m / Total Current Liabilities 471.5m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 1.46b)
Debt / FCF = unknown (Net Debt none / FCF TTM 881.0m)
Total Stockholder Equity = 2.51b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.67% (Net Income 925.1m / Total Assets 5.67b)
RoE = 36.84% (Net Income TTM 925.1m / Total Stockholder Equity 2.51b)
RoCE = 23.31% (EBIT 1.13b / Capital Employed (Equity 2.51b + L.T.Debt 2.35b))
RoIC = 22.21% (NOPAT 1.13b / Invested Capital 5.08b)
WACC = 6.26% (E(8.67b)/V(8.67b) * Re(6.26%) + (debt-free company))
Discount Rate = 6.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Terminal Value 77.97% ; FCFF base≈803.1m ; Y1≈920.7m ; Y5≈1.35b
[DCF] Fair Price = 91.59 (EV 20.4b - Net Debt 0.0 = Equity 20.4b / Shares 222.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -54.71 | EPS CAGR: -22.82% | SUE: -4.0 | # QB: -9
Revenue Correlation: 43.68 | Revenue CAGR: 3.39% | SUE: 0.06 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.83 | Chg30d=+41.98% | Revisions=+33% | Analysts=2
EPS next Quarter (2026-09-30): EPS=1.40 | Chg30d=+23.16% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=7.67 | Chg30d=+36.22% | Revisions=+50% | GrowthEPS=+333.1% | GrowthRev=+89.4%
EPS next Year (2027-12-31): EPS=4.21 | Chg30d=+33.34% | Revisions=+14% | GrowthEPS=-45.1% | GrowthRev=-28.3%
[Analyst] Revisions Ratio: +50%