Frontline PLC FRO
- Market cap
- $10.5B
- P/E
- 7.1×
Follow FRO
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.80 | 4.47 | 3.79 | 4.82 | 5.28 | 5.73 | 6.10 | 10.55 | 13.17 | 12.40 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| 14.75 | 7.55 | 8.33 | 12.95 | 13.33 | 9.86 | 14.85 | 22.95 | 29.39 | 26.00 |
High Price
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| 135 | 128 | 145 | 157 | 84 | 79 | 78 | 88 | 85 | 85 |
Employees
|
|||
| 6 | 5 | 5 | 6 | 15 | 10 | 18 | 21 | 25 | 23 |
Revenue/Emp
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|||
| 754 | 646 | 742 | 957 | 1,221 | 753 | 1,438 | 1,826 | 2,163 | 1,971 |
Revenue
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|||
| 53.73% | 35.83% | 28.65% | 41.40% | 55.31% | 26.08% | 45.72% | 56.46% | 53.49% | 49.64% |
Gross Margin
|
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| 118 | (264) | (8) | 140 | 413 | (10) | 476 | 657 | 503 | 385 |
EBT
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| 15.62% | (40.85%) | (1.09%) | 14.65% | 33.82% | (1.37%) | 33.09% | 35.95% | 23.27% | 19.54% |
EBT Margin
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| 118 | (264) | (8) | 140 | 413 | (15) | 476 | 656 | 496 | 379 |
Net Income
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| 136 | 144 | 125 | 122 | 140 | 160 | 162 | 231 | 339 | 328 |
Depreciation
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| 4.81 | 3.81 | 4.37 | 5.52 | 6.24 | 3.79 | 6.72 | 8.20 | 9.71 | 8.85 |
Revenue/Sh
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|||
| 0.75 | (1.56) | (0.05) | 0.81 | 2.11 | (0.06) | 2.21 | 2.95 | 2.23 | 1.70 |
Earnings/Sh
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| 1.82 | 0.77 | 0.27 | 1.61 | 3.09 | 0.43 | 1.80 | 3.85 | 3.31 | 3.07 |
Cash Flow/Sh
|
|||
| (2.86) | (4.20) | (1.27) | (1.13) | (0.85) | (1.98) | (1.20) | (6.69) | (2.17) | 0.11 |
Capex/Sh
|
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| (1.04) | (3.43) | (1.00) | 0.49 | 2.24 | (1.55) | 0.61 | (2.84) | 1.14 | 3.18 |
Free CF/Sh
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|||
| 9.55 | 6.99 | 6.86 | 8.70 | 8.24 | 8.25 | 10.56 | 10.23 | 10.51 | 11.28 |
Book Value/Sh
|
|||
| 157 | 170 | 170 | 174 | 196 | 199 | 214 | 223 | 223 | 223 |
Shares
|
|||
| 10.07 | 0.00 | 0.00 | 16.36 | 2.93 | 0.00 | 5.37 | 6.83 | 6.39 | 12.84 |
PE Ratio
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| 1.55 | 1.23 | 1.27 | 2.33 | 1.00 | 1.87 | 1.72 | 2.46 | 1.46 | 2.46 |
PS Ratio
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| 0.78 | 0.67 | 0.81 | 1.48 | 0.76 | 0.86 | 1.09 | 1.97 | 1.35 | 1.93 |
PB Ratio
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| 3.04 | 3.85 | 3.60 | 3.98 | 2.62 | 4.80 | 3.04 | 4.18 | 3.00 | 3.89 |
EV/Sales
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| (14.07) | (4.27) | (15.69) | 45.28 | 7.31 | (11.72) | 33.75 | (12.06) | 25.63 | 10.85 |
EV/FCF
|
|||
| 286 | 130 | 46 | 280 | 604 | 85 | 385 | 856 | 736 | 682 |
Op' Cash Flow
|
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| (449) | (714) | (216) | (196) | (166) | (394) | (256) | (1,489) | (483) | 25 |
Capex
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| (163) | (583) | (170) | 84 | 438 | (308) | 130 | (633) | 253 | 707 |
FCF
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| 201 | 100 | 94 | (400) | 97 | 46 | 489 | 319 | 230 | 213 |
Working Cap'
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| 1,348 | 1,836 | 1,819 | 1,770 | 2,184 | 2,326 | 2,390 | 3,458 | 3,745 | 3,068 |
Total Debt
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| 1,127 | 1,692 | 1,731 | 1,581 | 1,986 | 2,210 | 1,900 | 3,142 | 3,325 | 2,814 |
Net Debt
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| 1,500 | 1,188 | 1,164 | 1,510 | 1,612 | 1,642 | 2,260 | 2,277 | 2,340 | 2,511 |
Sh' Equity
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| 4.00% | (8.68%) | (0.29%) | 4.13% | 10.84% | (0.37%) | 10.72% | 12.33% | 8.19% | 6.33% |
ROA
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| 4.22% | (1.81%) | 1.79% | 4.84% | 8.82% | 0.14% | 6.70% | 8.61% | 8.62% | 7.03% |
ROIC
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| 7.94% | (19.71%) | (0.76%) | 10.47% | 26.45% | (0.92%) | 24.37% | 28.93% | 21.47% | 15.63% |
ROE
|
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Frontline PLC peers in Oil & Gas Midstream
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| AM Antero Midstream Corporation | $10.1B | 24.9× | Compare |
| DTM DT Midstream, Inc. | $12.7B | 26.7× | Compare |
| KNTK Kinetik Holdings Inc. | $8.5B | 18.4× | Compare |
| HESM Hess Midstream Partners LP | $7.9B | 13.2× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| VNOM Viper Energy Inc. | $15.0B | 292× | Compare |
| SOBO South Bow Corporation | $7.2B | 15.4× | Compare |
| PAA Plains All American Pipeline, L.P. | $17.4B | 6.8× | Compare |
| WES Western Midstream Partners, LP | $18.7B | 14.3× | Compare |
Frontline PLC (FRO) key facts
- Frontline PLC (FRO) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
- Frontline PLC’s revenue for fiscal 2025 (year ended December 2025) was NOK 2.0 billion, down 8.85% from fiscal 2024.
- As of September 25, 2026, FRO traded at $47.73, a market capitalization of $10.5 billion.
- Frontline PLC pays an annual dividend of $2.57 per share, a yield of 10.4%, with a payout ratio of 47.1%.
- Return on equity was 15.6% and debt-to-equity 0.77.
Frontline PLC (FRO) Latest News
22 Sep
Frontline plc declared a one-time US$0.80 per share dividend, on top of its US$2.61 Q2 2026 regular dividend, with a record date of 18 September 2026 and payment around 28 September 2026. The payout signals a focus on returning surplus liquidity to shareholders while maintaining a heavy emphasis on cash distribution. Near-term earnings remain tied to tanker-rate conditions, with risk that weak spot markets or regulatory shifts could squeeze earnings and dividend capacity. The company is also committing substantial capital to ECO VLCC deliveries through 2027, potentially amplifying upside and exposure to rate and demand swings. Environmental-rule costs could raise fleet spending. Projections show about US$1.2 billion revenue and US$809.2 million earnings by 2029, with a fair value around US$47 and about 6% downside; sentiment remains contingent on rate trajectories and regulatory developments. One-time payout plus higher regular dividend enhances cash return but keeps exposure to tanker rates and regulatory costs, creating significant yet not transformative impact on outlook.
Frontline (FRO) announced a special one-time cash dividend of $0.80 per share in addition to its regular Q2 2026 payout of $2.61, bringing total cash return for the quarter to $3.41 per share. The extra distribution, described as non-recurring, reflects the company’s liquidity position and recent asset sales, including older VLCCs, while maintaining a capital-return emphasis over fleet expansion. The dividend boost coincides with record Q2 profits from higher tanker rates and a debt-light balance sheet with no newbuilding commitments. Analysts note the move improves near-term income but does not alter the long-run dividend framework; investors should watch next quarters’ earnings and cash flow for signs of sustainability or further one-off payouts, alongside record/payment dates and any changes to guidance. One-time dividend boosts near-term income but is non-recurring and unlikely to change long-term trajectory.
17 Sep
Frontline PLC (FRO) stock rose 146% in 2026 and remains a buy. Strong share price gains support continued investor interest in Frontline.
30 Aug
Frontline PLC posted its strongest quarterly results on record amid elevated tanker rates, yet sustainability of such performance remains uncertain due to potential market shifts and operational factors. Record earnings directly affect financial performance and investor views on trajectory with lingering questions on persistence.
29 Aug
Frontline PLC delivered record Q2 results and adjusted dividends, boosting shareholder returns via strong earnings and capital distribution. Record Q2 results and dividend changes signal major positive shifts in financial performance and investor appeal.
28 Aug
Frontline PLC posted record Q2 2026 profit during its earnings call, citing strong operational results and new strategic capital allocation plans aimed at fleet optimization and shareholder returns. Record profit combined with strategic capital moves signals major positive shift in Frontline's earnings trajectory and investor positioning.
Frontline PLC achieves record profit of $659 million as geopolitical risks drive up tanker rates. Record profit from geopolitical-driven rate spikes signals major positive shift in Frontline performance and investor outlook.
Frontline PLC (FRO) held its Q2 2026 earnings call discussing financial results and company outlook. Earnings call provides quarterly results and guidance that moderately affects near-term stock sentiment.
Frontline PLC posts record earnings and declares a $2.61 dividend, indicating the stock may be 1% undervalued. Record earnings paired with a large dividend support moderate positive effects on near-term market sentiment and performance.
Frontline Ltd. reported Q2 2026 financial results during its earnings call, covering tanker fleet operations, revenue, and market conditions in the shipping sector. Earnings call provides updated financial metrics and outlook that may influence short-term investor sentiment for Frontline PLC.
Frontline PLC held its Q2 earnings call covering financial results, tanker market conditions, fleet operations and future outlook. Q2 earnings results and guidance directly influence short-term stock valuation and investor views on Frontline.
Frontline PLC reported second quarter and six months 2026 results. Quarterly results release delivers core financial metrics that can shift short-term investor views on Frontline's performance.
1 Jul
BTIG raised Frontline PLC price target by $10. Single analyst price target increase may moderately lift short-term stock sentiment.
12 Jun
Analysts turn bearish on Frontline (FRO) after mixed Q1 report. Bearish analyst shift after mixed quarterly results will pressure FRO stock and near-term sentiment.
25 May
Frontline PLC held its Q1 2026 earnings call covering financial results, operations, and tanker market outlook. Quarterly earnings call delivers financial updates and guidance with moderate influence on near-term stock sentiment.
23 May
Frontline Ltd. held Q1 2026 earnings call covering financial results, fleet operations and tanker market outlook. Quarterly earnings updates typically affect near-term sentiment and valuations without major strategic shifts.
22 May
Frontline PLC posted record Q1 2026 profits despite market volatility. Record profits signal strong financial results likely to lift investor sentiment and share performance.
Frontline PLC reported first quarter 2026 financial results. Quarterly earnings results directly shape investor views and near-term stock valuation.
Frontline PLC reported Q1 results with higher revenues from elevated tanker rates and 95% fleet utilization. Management noted strong oil transportation demand, discussed fleet expansion, and expressed optimism on market conditions tied to geopolitical supply disruptions. Quarterly earnings and guidance provide moderate insight into financial performance and tanker market outlook that can influence near-term stock movement.
12 May
Frontline PLC (FRO) oil tanker stock enters buy zone as Iran war disruptions reroute shipments, boosting tanker demand and rates amid heightened geopolitical risks. Iran war disruptions increase oil tanker demand and freight rates, significantly enhancing FRO's revenue potential and market performance.
20 Apr
Frontline (NYSE:FRO) valuation scrutinized after recent share price momentum uncovers analyst-identified fair value gap. Valuation analysis amid share price surge and fair value gap moderately influences investor sentiment and market perception.
17 Apr
Markets balance optimism and uncertainty as Trump signals Iran breakthrough, with potential effects on oil trade and Frontline PLC's tanker shipping operations. Trump's Iran breakthrough signal could alter oil export dynamics and tanker demand, moderately influencing Frontline PLC's financial performance amid uncertainty.
11 Apr
The stock market's biggest tailwind—likely favorable shipping rates or oil demand driven by prior policies—is fading under Trump administration, posing risks to Frontline PLC's tanker operations, freight rates, and overall market performance. Fading market tailwinds under Trump moderately threaten FRO's shipping revenue and stock sentiment amid shifting energy and trade dynamics.
6 Apr
India resumes buying Iranian oil amid U.S. sanctions, paying steep premiums that boost tanker freight rates and benefit Frontline PLC's shipping operations. Renewed Indian imports of sanctioned Iranian oil increase Middle East-to-Asia tanker demand, moderately lifting FRO's freight rates and earnings potential.
4 Apr
Oil prices spiked 12% in one day, identifying Frontline PLC (FRO) as the surprise stock to buy today due to its positioning in the tanker sector benefiting from heightened demand. A 12% oil price surge drives tanker demand and rates higher, significantly boosting FRO's revenues and stock trajectory.
22 Mar
Frontline PLC (FRO), dubbed the 'Alpha Male' stock, profits from the Strait of Hormuz closure driving up tanker rates and its share price, with a buy recommendation amid ongoing tensions. Strait of Hormuz closure disrupts oil shipping routes, significantly boosting demand for FRO's tanker fleet and enhancing revenue potential.
11 Mar
Frontline PLC (FRO) shares dropped 5.1% despite Q4 earnings beat, 100% payout dividend announcement, and board shake-up, raising questions about whether the bull case remains intact. Q4 earnings beat, 100% dividend payout, and board shake-up signal significant financial strength and strategic shifts impacting investor sentiment and trajectory.
10 Mar
Frontline PLC board change sparks concerns over future growth returns and company valuation. Board changes introduce uncertainty in strategic oversight, potentially affecting investor sentiment and growth outlook but not fundamentally altering operations.
9 Mar
Analysts increased the price target for Frontline plc (FRO) following robust tanker market performance. Strong tanker market drives analyst price target hike for FRO, signaling major boost to investor sentiment and trajectory.
28 Feb
Frontline PLC (NYSE:FRO) reported a Q4 profit surge and initiated fleet renewal moves, triggering a valuation review amid strong financial performance and strategic fleet upgrades. Q4 profit surge strengthens financial position while fleet renewal positions company for long-term operational efficiency and market competitiveness.