Frontline Ltd. (FRO) AI Stock Analysis

Frontline Ltd., based in Hamilton, Bermuda, specializes in the global transportation of crude oil and oil products via sea routes. Established in 1985, the company owns and operates a fleet of oil and product tankers, totaling 70 vessels as of December 31, 2021. Beyond core shipping operations, Frontline actively engages in chartering, purchasing, and selling vessels to optimize its fleet composition based on market demand and economic conditions. Operating from its headquarters in Bermuda, the company manages fleet logistics worldwide to facilitate the global energy trade.

Between FY2020 and FY2025, Frontline achieved a 5-year revenue CAGR of 10.0%. Annual revenue reached $1.43B in FY2022, $1.80B in FY2023, and $2.05B in FY2024 before decreasing 4.2% to $1.97B in FY2025. Operating margin was 30.2% in FY2025 with net income of $379.1M, down from $495.6M in FY2024. For the trailing twelve months, revenue totaled $2.71B, supported by an operating margin of 65.8% and EPS of $6.67. In the latest quarter ended June 30, 2026, quarterly revenue growth reached 96.5% year-over-year, while quarterly earnings growth rose 750.1% year-over-year.

As of June 30, 2026, Frontline held $322.3M in cash and short-term investments against total debt of $2.43B, resulting in net debt of $2.11B. Total assets stood at $5.81B and shareholders' equity was $3.16B. The company maintained a current ratio of 1.87 and a debt-to-equity ratio of 0.77. In FY2025, Frontline generated $682.5M in operating cash flow and $669.9M in free cash flow, while deploying $12.5M toward capital expenditures and $207.0M toward dividends paid.

Frontline trades at a trailing P/E of 7.9x and a forward P/E of 10.0x, both below the median of its US-listed Energy peers of 15.0x and 12.7x, respectively. Its enterprise value to EBITDA ratio of 7.6x sits slightly lower than the peer median of 8.0x, while its price-to-sales ratio of 4.3x trades above the peer median of 1.8x. The company's PEG ratio is 5.58. Over the past year, the stock returned 164.3%, outperforming the S&P 500 (SPY) return of 16.8%, and gained 822.7% over five years compared to 83.0% for the index.

Frontline pays a quarterly dividend with an annual forward payout of $5.38 per share, representing a dividend yield of 10.25%. The payout ratio stands at 2.0%. Frontline has paid dividends for 5 consecutive years, though its 5-year annualized dividend growth declined 10.3%. Its last ex-dividend date occurred on September 18, 2026.

Wall Street coverage includes 2 Strong Buy and 2 Hold ratings. The mean price target is $54.25, representing an upside of 3.4% over the last close of $52.49. For the fiscal year ending December 31, 2026, analysts estimate EPS of $9.17 on revenue of $2.74B. For the following fiscal year, 5 analysts project revenue to drop 34.4% to $1.80B and EPS to fall 42.9% to $5.24. Frontline recorded 0 EPS beats over the last 4 quarters, and its next earnings date is November 20, 2026.

This page is an AI-written research summary of Frontline Ltd. (FRO). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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