Frontline/$FRO
1D1W1MYTD1Y5YMAX
Capital at risk
About Frontline
Frontline PLC is an international shipping company engaged in the seaborne transportation of crude oil and oil products. It owns and operates modern fleets in the industry, consisting of VLCCs, Suezmax tankers, LR2, and Aframax tankers, which operate in the spot and time charter markets. The vessels normally trade between the larger refinery centers around the world, such as the Gulf of Mexico, the Middle East, Rotterdam, and Singapore. The company generates the majority of its revenue from voyage and time charters. It has only one reportable segment: tankers.
- Ticker
- $FRO
- Sector
- Energy
- Primary listing
- NYSE
- Employees
- 85
- Headquarters
- Limassol, Cyprus
- Website
- www.frontlineplc.cy
Frontline Metrics
BasicAdvanced
$10B
6.91
$6.68
0.05
$3.13
13.44%
Price and volume
Market cap
$10B
Beta
0.05
52-week high
$47.04
52-week low
$20.47
Average daily volume
2.2M
Dividend rate
$3.13
Financial strength
Current ratio
1.87
Quick ratio
0.66
Long term debt to equity
68.753
Total debt to equity
77.182
Dividend payout ratio (TTM)
46.87%
Interest coverage (TTM)
7.25%
Profitability
EBITDA (TTM)
1,623.23
Gross margin (TTM)
63.03%
Net profit margin (TTM)
54.76%
Operating margin (TTM)
49.14%
Effective tax rate (TTM)
0.24%
Revenue per employee (TTM)
$31,940,000
Management effectiveness
Return on assets (TTM)
13.99%
Return on equity (TTM)
53.85%
Valuation
Price to earnings (TTM)
6.907
Price to revenue (TTM)
3.782
Price to book
3.25
Price to tangible book (TTM)
3.37
Price to free cash flow (TTM)
14.902
Free cash flow yield (TTM)
6.71%
Free cash flow per share (TTM)
3.095
Dividend yield (TTM)
6.79%
Forward dividend yield
13.44%
Growth
Revenue change (TTM)
48.84%
Earnings per share change (TTM)
524.55%
3-year revenue growth (CAGR)
12.19%
10-year revenue growth (CAGR)
14.95%
3-year earnings per share growth (CAGR)
21.67%
10-year earnings per share growth (CAGR)
15.35%
3-year dividend per share growth (CAGR)
27.92%
10-year dividend per share growth (CAGR)
16.19%
Bulls say / Bears say
Frontline reported profit of $559.1 million ($2.51 per share) and adjusted profit of $344.9 million—the strongest since Q4 2004—in Q1 2026, underscoring its ability to generate exceptional earnings in volatile markets. (SEC EDGAR)
In Q1 2026, Frontline achieved spot TCEs of $103,500/day for VLCCs and secured 82% of VLCC days under time charters, delivering robust revenue visibility and mitigating spot market swings. (SEC EDGAR)
The company secured $737.0 million in senior secured credit facilities at SOFR+ margins to partially fund nine scrubber-fitted ECO VLCC newbuilds, strengthening liquidity and reducing cash breakeven rates to ~$24,300/day. (SEC EDGAR)
As of March 31, 2026, Frontline had $925.0 million of remaining commitments under its nine ECO VLCC newbuild agreements, with $628.5 million due in 2026, potentially straining liquidity if tanker rates normalize. (SEC EDGAR)
Frontline expects spot TCEs for Q2 2026 to be lower than its contracted rates—currently covering 82% of VLCC days—due to ballast days, exposing its earnings to downside in a softening market. (SEC EDGAR)
The global tanker order book for VLCCs, Suezmax, and LR2/Aframax vessels stood at 22.2% of the existing fleet at year-end 2025, signaling significant capacity additions that could pressure freight rates and utilization. (SEC EDGAR)
Data summarised monthly by Lightyear AI. Last updated on 27 Aug 2026.
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Funds containing Frontline
AllEURGBPUSD
Fund name | Fund size | $FRO weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.40% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.40% |
iShares STOXX Europe 600 Industrial Goods & Services€EXH4 | €576M | 0.27% |
L&G Global Quality Dividends£LDGG | £269M | 0.13% |
iShares MSCI World Small Cap$WSML | $9B | 0.05% |
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