Frontline PLC FRO

47.73 (0.24) (0.50%) as of 25 Sep
Market cap
$10.5B
P/E
7.1×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 35.71%

Capital & Financial Ratios

Market Cap 10,540.00
Revenue 3,011.14
Net Income 379.08
Free Cash Flow 1,692.00
Net Debt 2,112.54
Current Ratio 1.87
Debt/Equity 0.77
P/E ratio 7.14
P/S ratio 3.52
P/B ratio 3.36
Past 5Y EPS Growth 22.52%
This Y EPS Growth 492.09%
Next Y EPS Growth (49.53%)
Next 5Y EPS Growth 23.63%
in millions of $

Dividends

Payout Ratio 0.47
Annual Dividend Rate 2.57
Annual Dividend Yield 10.43%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 8.72
1.03
1.55
2.61
2025 1.87
0.20
0.18
0.36
0.19
2024 1.95
0.37
0.62
0.62
0.34
2023 2.87
1.07
0.70
0.80
0.30
2022 0.15
0.15
2021 Powerpack
2020 1.60
0.40
0.70
0.50
2019 0.10
0.10
2018 Powerpack
2017 0.45
0.15
0.15
0.15
2016 1.60
0.35
0.35
0.40
0.20
0.20
0.10
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 316 420 254 322
Receivables 144 137 147 —
Inventory 135 137 120 —
Other 117 118 164 590
728 826 707 912
2023 2024 2025 Q'26
Payables 98 99 143 —
ST’ Debt 262 460 321 266
Other 146 134 — 222
409 596 495 488
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 15.69% 10.05% 11.08%
Cash Flow 12.65% 2.47% 20.99%
Earnings 9.38% (1.69%) (7.28%)
Book Value 5.67% 9.27% 3.57%

Revenue

Mar Jun Sep Dec Year
’26 929 1,019 — — —
’25 428 480 439 625 1,971
’24 621 608 490 443 2,163
’23 512 522 377 415 1,826
’22 223 301 382 533 1,438
’21 194 170 172 218 753
’20 412 387 247 175 1,221
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 382 579 — — —
’25 138 154 108 283 682
’24 171 233 165 168 736
’23 270 283 203 100 856
’22 20 72 664 (370) 385
’21 12 29 (4) 48 85
’20 205 241 132 26 604
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 887 387 — — —
’25 137 152 142 276 707
’24 (554) 432 162 213 253
’23 218 324 202 (1,377) (633)
’22 86 (84) 743 (615) 130
’21 (32) (108) (40) (127) (308)
’20 178 142 101 18 438
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 2.51 2.96 — — —
’25 0.15 0.35 0.18 1.02 1.70
’24 0.81 0.84 0.27 0.30 2.23
’23 0.90 1.04 0.48 0.53 2.95
’22 0.15 0.23 0.69 1.08 2.21
’21 0.15 (0.13) (0.17) 0.10 (0.06)
’20 0.84 1.01 0.29 (0.05) 2.09
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell
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
14.75 7.55 8.33 12.95 13.33 9.86 14.85 22.95 29.39 26.00
High Price
135 128 145 157 84 79 78 88 85 85
Employees
6 5 5 6 15 10 18 21 25 23
Revenue/Emp
754 646 742 957 1,221 753 1,438 1,826 2,163 1,971
Revenue
53.73% 35.83% 28.65% 41.40% 55.31% 26.08% 45.72% 56.46% 53.49% 49.64%
Gross Margin
118 (264) (8) 140 413 (10) 476 657 503 385
EBT
15.62% (40.85%) (1.09%) 14.65% 33.82% (1.37%) 33.09% 35.95% 23.27% 19.54%
EBT Margin
118 (264) (8) 140 413 (15) 476 656 496 379
Net Income
136 144 125 122 140 160 162 231 339 328
Depreciation
4.81 3.81 4.37 5.52 6.24 3.79 6.72 8.20 9.71 8.85
Revenue/Sh
0.75 (1.56) (0.05) 0.81 2.11 (0.06) 2.21 2.95 2.23 1.70
Earnings/Sh
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
(1.04) (3.43) (1.00) 0.49 2.24 (1.55) 0.61 (2.84) 1.14 3.18
Free CF/Sh
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
1.55 1.23 1.27 2.33 1.00 1.87 1.72 2.46 1.46 2.46
PS Ratio
0.78 0.67 0.81 1.48 0.76 0.86 1.09 1.97 1.35 1.93
PB Ratio
3.04 3.85 3.60 3.98 2.62 4.80 3.04 4.18 3.00 3.89
EV/Sales
(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
(449) (714) (216) (196) (166) (394) (256) (1,489) (483) 25
Capex
(163) (583) (170) 84 438 (308) 130 (633) 253 707
FCF
201 100 94 (400) 97 46 489 319 230 213
Working Cap'
1,348 1,836 1,819 1,770 2,184 2,326 2,390 3,458 3,745 3,068
Total Debt
1,127 1,692 1,731 1,581 1,986 2,210 1,900 3,142 3,325 2,814
Net Debt
1,500 1,188 1,164 1,510 1,612 1,642 2,260 2,277 2,340 2,511
Sh' Equity
4.00% (8.68%) (0.29%) 4.13% 10.84% (0.37%) 10.72% 12.33% 8.19% 6.33%
ROA
4.22% (1.81%) 1.79% 4.84% 8.82% 0.14% 6.70% 8.61% 8.62% 7.03%
ROIC
7.94% (19.71%) (0.76%) 10.47% 26.45% (0.92%) 24.37% 28.93% 21.47% 15.63%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

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.

Source: company filings (standardised) and stockrow calculations.

Frontline PLC (FRO) Latest News

News by impact score

Fine-tune

22 Sep

4

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.

3

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

3

Frontline PLC (FRO) stock rose 146% in 2026 and remains a buy. Strong share price gains support continued investor interest in Frontline.

30 Aug

4

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

4

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

4

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.

4

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.

3 transcript

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.

3

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.

3

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.

3

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.

3

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

3

BTIG raised Frontline PLC price target by $10. Single analyst price target increase may moderately lift short-term stock sentiment.

12 Jun

3

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

3 transcript

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

3 transcript

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

4

Frontline PLC posted record Q1 2026 profits despite market volatility. Record profits signal strong financial results likely to lift investor sentiment and share performance.

4 earnings

Frontline PLC reported first quarter 2026 financial results. Quarterly earnings results directly shape investor views and near-term stock valuation.

3

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

4

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

3

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

3

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

3

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

3

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

4

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

4

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

4

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

3

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

4

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

4

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.

stockrow.com/FRO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com