50.75 USD (−4.4%)
4 analysts
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Frontline is a shipping company dedicated to the maritime transport of crude oil and refined products with one of the world's largest tanker fleets, whose revenues depend on spot freight rates and energy shipping markets.
Key points
from its scores- ✓Good share-price trend9.8
- ✓Attractive dividend9.4
- ✓Favourable backdrop8.4
AI analysis
bottom line, main risk, context and newsCurrent figures are cycle-peak and the geopolitical risk premium could deflate suddenly; this is not the time to enter.
Frontline shows spectacular numbers at the peak of the cycle: 750% earnings growth, 65.83% operating margin and 53.85% ROE, with a 10.14% yield. However, cash conversion is poor (17.23%) and the business depends on freight rates inflated by the Hormuz blockade, a scenario that could reverse in days. The growth score is not sustainable.
The main risk is an abrupt reversal of freight rates if the Hormuz blockade is resolved: a deal would sink crude and shipping at once, leaving record numbers unsustainable.
Context and risks
Frontline is a maritime carrier of crude and refined products with a fleet of tankers. The Strait of Hormuz has remained functionally blocked since February 2026, with a new escalation on August 31 and tankers hit at the exit. This lifts freight rates and margins temporarily, but the risk premium is deeply asymmetric: a sudden deal (the US Treasury is working to defuse the Iranian lever) would sink crude and freight rates at once, as happened on March 16. The current growth and margin scores discount a scenario reversible in days, not quarters.
Is Frontline stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 22% below the Energy median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 8.0 | 15.7 | −49% |
| EV / EBITDA | 8.4 | 8.0 | +5% |
| Price / book | 3.7 | 2.2 | +67% |
| Price / sales | 4.4 | 1.9 | +127% |
Sector: median of the 102 Energy companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.0 out of 10 (median for Energy: 5.9).
Average analyst target: 50.75 USD, −4.4% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 8.2 (sector 6.8), Growth 7.1 (sector 7.2).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Energy medianValuation
- P/E
- 8.0
- Forward P/E
- 11.6
- EV / EBITDA
- 8.4
- Price / book
- 3.7
- Price / sales
- 4.4
- PEG
- 5.58
- Market cap
- 11.8B USD
- Enterprise value
- 13.9B USD
Profitability
- ROE
- 53.9%
- ROA
- 14.2%
- ROIC (approx.)
- 32.0%
- Gross margin
- 63.0%
- Operating margin
- 65.8%
- Net margin
- 54.8%
- Free cash flow
- 283.9M USD
- FCF yield
- 2.4%
- Cash conversion
- 17%
Solvency
- Total debt
- 2.4B USD
- Net debt
- 2.1B USD
- Cash
- 322.3M USD
- EBITDA
- 1.6B USD
- Net debt / EBITDA
- 1.28
- Debt / equity
- 77.18
- Current ratio
- 1.87
- Quick ratio
- 1.44
Growth
- Revenue growth
- +96.5%
- Earnings growth
- +750.1%
- EPS (TTM)
- 6.67 USD
- EPS (forward)
- 4.57 USD
Dividend
- Dividend yield
- 10.1%
- Payout
- 46.9%
Risk and market
- Beta
- 0.18
- Analyst consensus
- Buy (4)
- Target price
- 50.75 USD
- 52-week range
- 20.47 – 54.91
Recent news
All FRO news →Compare it with its sector
All 102 in Energy →Frequently asked questions about Frontline
Is Frontline stock cheap or expensive?
On P/E and EV / EBITDA, it trades 22% below the Energy median on average. Valuation score: 6.0 out of 10 (median for Energy: 5.9). Average analyst target: 50.75 USD, −4.4% versus the price. This is not investment advice.
What score does Frontline get on MeridIAn Screener?
It scores 7.9 out of 10, rank 14 of 2,130 (better than 99% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Valuation (6.0). Analysis of 08/10/2026.
What is Frontline's P/E ratio?
Its P/E is 8.0: the share price equals 8.0 times earnings per share over the last 12 months. The Energy median is 15.7. Based on the earnings analysts expect, the forward P/E is 11.6.
How much is Frontline worth on the stock market?
Its market capitalisation is 11.8B USD and its enterprise value, debt included, is 13.9B USD.
How much debt does Frontline have?
Its net debt (debt minus cash) is 2.1B USD. That is 1.28 times its EBITDA; the Energy median is 1.23.
Does Frontline pay a dividend?
Yes: its dividend yield is 10.14% and it pays out 47% of its earnings.
How has Frontline stock performed over the last year?
It has risen 168.3% over the last year, excluding dividends. Over the last 52 weeks it has traded between 20.47 and 54.91 USD. Past performance does not guarantee future results.
What do analysts think of Frontline?
4 analysts cover it; their average recommendation is “Buy” and their average target is 50.75 USD (−4.4% versus the price). It is an estimate, not market data.