FRO Stock Analysis: Frontline | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 12.028m USD | 12M Return: 139.4% | CY0200352116 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 164M
EPS Trend: -20.7%
Qual. Beats: -1
Rev. Trend: 53.5%
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 (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: 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 September 27, 2026, the stock is trading at USD 47.73 with a total of 2,829,488 shares traded. Over the past week, the price has changed by -7.18%, over one month by +17.22%, over three months by +32.43% and over the past year by +139.43%.
Current recommended Stop Loss: 45.00 (which is 5.7% or 1.4 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 | 47 | -1.5% |
P/E Trailing = 8.0402
P/E Forward = 11.2994
P/S = 4.4308
P/B = 3.7869
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 = 14.1b USD (12.0b + Debt 2.43b - CCE 322.3m)
Interest Coverage Ratio = 8.50 (Ebit TTM 1.58b / Interest Expense TTM 185.5m)
EV/FCF = 20.52x (Enterprise Value 14.1b / FCF TTM 689.0m)
FCF Yield = 4.87% (FCF TTM 689.0m / Enterprise Value 14.1b)
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 = 2.43 (Enterprise Value 14.1b / 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 = 5.98% (E(12.0b)/V(14.5b) * Re(5.65%) + D(2.43b)/V(14.5b) * Rd(7.62%) * (1-Tc(0.00)))
Discount Rate = 5.65% (= 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=8.17 | Chg30d=+6.07% | Revisions=+40% | GrowthEPS=+361.4% | GrowthRev=+125.3%
EPS next Year (2027-12-31): EPS=4.55 | Chg30d=+15.09% | Revisions=+17% | GrowthEPS=-44.3% | GrowthRev=-34.5%
[Analyst] Revisions Ratio: +50% (up=6, down=1)