FRO Stock Analysis: Frontline | OL
Oil & Gas Midstream | OL, Norway | Market Cap: 108.996m NOK | 12M Return: 168.7% | CY0200352116 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 475M
EPS Trend: -2.0%
Qual. Beats: 0
Rev. Trend: 62.7%
Qual. Beats: 0
Warnings
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 is a Cyprus-based shipping company that owns and operates a fleet of oil and product tankers worldwide, including very large crude carriers (VLCCs), Suezmax tankers, and LR2/Aframax tankers. As of December 31, 2025, the company operated 80 vessels, and it engages in the chartering, purchase, and sale of vessels. Founded in 1985 and headquartered in Limassol, Frontline is listed on the Oslo Stock Exchange under the ticker FRO.
The company operates within the GICS Energy sector under Oil & Gas Storage & Transportation, reflecting its role in the global seaborne transport of crude oil and refined petroleum products. Tanker shipping rates are closely tied to oil supply-demand dynamics, vessel availability, and freight charter rates, making the business model highly cyclical and sensitive to global trade flows.
- VLCC and Suezmax spot rates swing on oil demand shifts
- OPEC+ production cuts tighten global tanker demand outlook
- Capital returns accelerate through elevated dividends and buybacks
| Net Income: 1.51b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.17 > 0.02 and ΔFCF/TA 6.76 > 1.0 |
| NWC/Revenue: 15.31% < 20% (prev 22.72%; Δ -7.41% < -1%) |
| CFO/TA 0.28 > 3% & CFO 1.64b > Net Income 1.51b |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 1.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (222.6m) vs 12m ago -0.00% < -2% |
| Gross Margin: 57.31% > 18% (prev 28.24%; Δ 29.07% > 0.5%) |
| Asset Turnover: 46.51% > 50% (prev 29.85%; Δ 16.65% > 0%) |
| Interest Coverage Ratio: 7.92 > 6 (EBIT TTM 1.64b / Interest Expense TTM 207.0m) |
| 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: 0.28 (EBIT TTM 1.64b / Avg Total Assets 5.96b) |
| D: 1.19 (Book Value of Equity 3.16b / Total Liabilities 2.66b) |
| Altman-Z'' = 4.32 = AA |
| DSRI: 1.04 (Receivables 187.6m/119.1m, Revenue 2.77b/1.82b) |
| GMI: 0.49 (GM 28.24% / 57.31%) |
| AQI: 1.13 (AQ_t 0.02 / AQ_t-1 0.02) |
| SGI: 1.52 (Revenue 2.77b / 1.82b) |
| TATA: -0.02 (NI 1.51b - CFO 1.64b) / TA 5.81b) |
| Beneish M = -3.01 (Cap -4..+1) = AA |
As of October 09, 2026, the stock is trading at NOK 512.00 with a total of 795,290 shares traded. Over the past week, the price has changed by +7.52%, over one month by +26.66%, over three months by +49.36% and over the past year by +168.70%.
Current recommended Stop Loss: 484.50 (which is 5.4% or 1.4 ATR below the current price).
Frontline has no consensus analysts rating.
Market Cap USD = 11.4b (109b NOK * 0.10442 NOK.USD)
P/E Trailing = 7.6214
P/E Forward = 10.01
P/S = 3.9004
P/B = 3.3559
P/EG = 54.93
Revenue TTM = 2.77b USD
EBIT TTM = 1.64b USD
EBITDA TTM = 1.97b USD
Long Term Debt = 2.17b USD (from longTermDebt, last quarter)
Short Term Debt = 265.9m USD (from shortLongTermDebt, last quarter)
Debt = unknown
Net Debt = unknown
Enterprise Value = 11.1b USD (11.4b + (null Debt) - CCE 321.4m)
Interest Coverage Ratio = 7.92 (Ebit TTM 1.64b / Interest Expense TTM 207.0m)
EV/FCF = 11.31x (Enterprise Value 11.1b / FCF TTM 978.0m)
FCF Yield = 8.84% (FCF TTM 978.0m / Enterprise Value 11.1b)
FCF Margin = 35.28% (FCF TTM 978.0m / Revenue TTM 2.77b)
Net Margin = 54.35% (Net Income TTM 1.51b / Revenue TTM 2.77b)
Gross Margin = 57.31% ((Revenue TTM 2.77b - Cost of Revenue TTM 1.18b) / Revenue TTM)
Gross Margin QoQ = 64.52% (prev 55.44%)
Tobins Q-Ratio = 1.90 (Enterprise Value 11.1b / Total Assets 5.81b)
Interest Expense / Debt = unknown (Interest Expense 207.0m / Debt none)
Taxrate = 0.24% (3.62m / 1.51b)
NOPAT = 1.64b (EBIT 1.64b * (1 - 0.24%))
Current Ratio = 1.87 (Total Current Assets 912.4m / Total Current Liabilities 488.0m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 1.97b)
Debt / FCF = unknown (Net Debt none / FCF TTM 978.0m)
Total Stockholder Equity = 2.71b (last 4 quarters mean from totalStockholderEquity)
RoA = 25.28% (Net Income 1.51b / Total Assets 5.81b)
RoE = 55.63% (Net Income TTM 1.51b / Total Stockholder Equity 2.71b)
RoCE = 33.63% (EBIT 1.64b / Capital Employed (Equity 2.71b + L.T.Debt 2.17b))
RoIC = 31.55% (NOPAT 1.64b / Invested Capital 5.19b)
WACC = 4.98% (E(11.4b)/V(11.4b) * Re(4.98%) + (debt-free company))
Discount Rate = 4.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Terminal Value 77.97% ; FCFF base≈832.7m ; Y1≈954.6m ; Y5≈1.40b
[DCF] Fair Price = 94.96 (EV 21.1b - Net Debt 0.0 = Equity 21.1b / Shares 222.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -2.04 | EPS CAGR: -1.10% | SUE: 0.0 | # QB: 0
Revenue Correlation: 62.71 | Revenue CAGR: 8.91% | SUE: 0.13 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.47 | Chg30d=+46.15% | Revisions=+50% | Analysts=3
EPS current Year (2026-12-31): EPS=8.58 | Chg30d=+9.99% | Revisions=+50% | GrowthEPS=+384.6% | GrowthRev=+126.8%
EPS next Year (2027-12-31): EPS=5.16 | Chg30d=+23.37% | Revisions=+50% | GrowthEPS=-39.8% | GrowthRev=-34.8%
[Analyst] Revisions Ratio: +75% (up=9, down=0)