# Frontline Plc (FRO) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Energy / Oil, Gas & Consumable Fuels. Price $46.12, market value $10.3 billion.

## Valuation
- **P/E (trailing): 6.9×** (5-yr avg 6.8×, 3-yr avg 7.8×). Frontline Plc trades at 6.9× trailing earnings, close to its own five-year average of 6.8×. The Energy median in the September 2026 study was 16.8×. Forward P/E is 10.3×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 3.8×**. Each dollar of revenue is priced at 3.8×.
- **Price / book: 3.6×**. The shares trade at 3.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 7.6×**. Enterprise value is 7.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 6.7%** (5-yr avg -10.4%). Free cash flow equals 6.7% of the market value, above its five-year average of -10.4%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 14.5%**. The inverse of the P/E: 14.5% of the price is earned each year.

## Profitability
- **Gross margin: 51.5%**. Frontline Plc keeps 51.5% of revenue after the direct cost of what it sells.
- **Operating margin: 59.8%**. 59.8% of revenue is left after running the business, an exceptional level.
- **Return on invested capital: 32.4%**. Return on all capital, debt included, is 32.4%: comfortably above what that capital costs.

## Growth
- **Revenue growth (1 yr): -8.8%** (3-yr 11.1%/yr, 5-yr 35.7%/yr). Revenue fell 8.8% over the last year, against 35.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -23.8%** (3-yr -8.5%/yr, 5-yr -4.0%/yr). Earnings per share fell 23.8%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 138.3%/yr**. Free cash flow has compounded at 138.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.09**. Debt is 1.09 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 1.5×**. It would take 1.5 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 8.9×**. Operating profit covers interest 8.9× over, a safe margin.

## Dividends
- **Dividend yield: 11.67%** ($5.38 per share, trailing). Frontline Plc yields 11.67%, high enough to check carefully: yields this high often precede a cut.
- **Dividend growth (5 yr): -10.3%/yr** (1-yr -52.3%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: buy** (4 analysts). 4 analysts cover Frontline Plc; the consensus is buy, with an average price target of $45.00 (-2% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 128.1%** (YTD 127.6%, 3-mo 36.8%). The shares are up 128.1% over twelve months including dividends.
- **From 52-week high: -2.0%** (125.3% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 67**. An RSI of 67 is neutral.
- **Beta (1 yr): 0.46** (volatility 43%). Beta of 0.46 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FRO · Page: https://foliofundamentals.com/stocks/fro

Not investment advice.