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Frontline Ltd

Company price
56.9 USD 0.35 ( 0.62%)
Last update at 2026-10-30T20:16:00Z
VOLUME
2502241
Market Cap
11485.12M
P/E
7.58

Momentum Score

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Frontline plc, a shipping company, engages in the ownership and operation of oil and product tankers worldwide. The company owns and operates oil and product tankers, such as very large crude carriers (VLCCs), Suezmax tankers, and LR2/Aframax tankers. As of December 31, 2025, it operated a fleet of 80 vessels, including 41 VLCCs, 21 Suezmax tankers, and 18 LR2/Aframax tankers. The company is also involved in the charter, purchase, and sale of vessels. Frontline plc was founded in 1985 and is based in Limassol, Cyprus.

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Day Price Range
55.12
Low
57.16
High
52 Week Price Range
19.01
Low
52.94
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Frontline Ltd is a Bermuda‑incorporated company operating a large fleet of crude oil tankers (VLCCs and Suezmax) active in global spot and time‑charter markets. Long-term growth may be supported by oil demand trends, tanker supply dynamics and fleet utilization, and its scale appears positioned to benefit when freight markets tighten.
Key risks include freight‑rate cyclicality and earnings volatility, exposure to oil demand and geopolitical disruption, rising environmental compliance costs, and the capital intensity of shipping that can pressure cash flow.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
56.55
Dividend Yield
10.65%
Revenue TTM
2714.70M
Revenue Per Share
12.19
Gross Profit TTM
1711.17M
Debt / Equity
1.22
ROE
53.85%
Net Debt
2816.40M
ROCE
11.76%
Diluted EPS TTM
6.81

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 385.10M 503.25M 656.62M 473.13M -6.51M
Minority interest - - - - 0.00M
Net income 379.08M 495.58M 656.41M 472.72M -11.15M
Selling general administrative 51.37M 36.09M 53.53M 48.30M 27.89M
Selling and marketing expenses - - 0.51M - -
Gross profit 644.05M 705.68M 776.11M 481.00M 30.61M
Reconciled depreciation 328.46M 339.03M 213.81M 156.20M 152.98M
Ebit 618.34M 805.58M 835.12M 442.80M 29.85M
Ebitda 946.80M 1144.61M 1066.06M 616.05M 182.83M
Depreciation and amortization 328.46M 339.03M 230.94M 173.25M 152.98M
Operating income 592.68M 781.71M 746.67M 442.80M 29.85M
Other operating expenses 1372.42M 1268.67M 1055.52M 988.03M 740.77M
Interest expense 233.23M 302.32M 178.50M 98.71M 61.44M
Tax provision 6.02M 7.67M 0.18M 0.41M 4.63M
Interest income 15.69M 16.79M 12.21M 1.46M 36.97M
Net interest income -216.56M -286.49M -154.37M -97.25M -61.32M
Income tax expense 6.02M 7.67M 0.20M 0.41M 4.63M
Total revenue 1965.10M 2050.39M 1802.18M 1430.21M 749.38M
Total operating expenses 51.37M -76.03M 29.45M 38.82M 22.00M
Cost of revenue 1321.05M 1344.71M 1026.07M 949.21M 718.77M
Total other income expense net -207.58M -278.46M -90.05M 30.33M -36.37M
Net income from continuing ops 379.08M 495.58M 777.10M 472.72M -11.15M
Net income applicable to common shares 379.08M 495.58M 656.41M 472.72M -11.15M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 5753.63M 6220.81M 5882.77M 4776.12M 4117.10M
Other current assets 306.75M 256.52M 23.01M 390.24M 217.24M
Total liab 3242.75M 3880.63M 3605.42M 2508.54M 2464.56M
Total stockholder equity 2510.88M 2340.65M 2277.82M 2268.05M 1653.01M
Other current liab 160.94M 128.20M 138.15M 132.28M 89.22M
Common stock 222.62M 222.62M 222.62M 222.62M 203.53M
Capital stock 222.62M 222.62M 222.62M 222.62M 203.53M
Retained earnings 1683.60M 507.47M 446.00M 436.19M -3.13M
Other liab - - - 2.05M 0.99M
Good will 112.45M 112.45M 112.45M 112.45M 112.45M
Other assets 13.14M 22.42M 0.00M 2.90M 14.12M
Cash 251.35M 413.53M 308.32M 254.53M 113.07M
Cash and equivalents 251.35M 413.53M 308.32M - 113.07M
Total current liabilities 494.71M 595.65M 409.05M 391.66M 292.68M
Current deferred revenue 2.63M - - - 3.12M
Net debt 2816.40M 3332.46M 3150.68M 2119.69M 2255.82M
Short term debt 320.52M 461.47M 263.10M 259.38M 198.01M
Short long term debt 320.52M 460.32M 262.00M 258.36M 189.29M
Short long term debt total 3067.74M 3745.99M 3459.00M 2374.21M 2368.90M
Other stockholder equity 604.22M 1608.78M 1608.78M 1608.78M 1452.38M
Property plant equipment 4912.00M 5248.13M 4635.40M 3709.43M 3657.23M
Total current assets 707.25M 826.01M 727.93M 881.05M 332.75M
Long term investments 8.79M 11.79M 12.39M 16.30M 0.56M
Net tangible assets - - - 2155.60M 1540.56M
Short term investments 2.07M 4.03M 7.43M 236.28M 2.44M
Net receivables 147.09M 151.93M 143.94M 0.00M 85.21M
Long term debt 2747.22M 3284.07M 3194.46M 2112.46M 2126.91M
Inventory 261.17M 237.22M 245.22M 80.79M 119.28M
Accounts payable 10.61M 5.99M 7.80M 0.00M 2.33M
Accumulated other comprehensive income 0.44M 1.78M 0.41M 0.45M 0.23M
Non currrent assets other 13.14M 22.42M 355.48M 56.89M 12.73M
Non current assets total 5046.38M 5394.79M 5154.84M 3895.07M 3784.35M
Capital lease obligations 0.00M 1.60M 2.53M 3.40M 52.70M
Long term debt total 2747.22M 3284.52M 3195.89M - 2167.78M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 0.36M -483.40M -91.27M -239.47M 13.72M
Change to liabilities - - - 0.00M -5.53M
Total cashflows from investing activities 24.98M -483.40M -1235.46M -239.47M -363.06M
Net borrowings -662.59M 286.31M 1072.00M 52.23M 179.15M
Total cash from financing activities -869.62M -147.80M 433.07M 10.03M 223.55M
Change to operating activities - - - -132.00M -35.41M
Net income 379.08M 495.58M 656.41M 472.72M -11.15M
Change in cash -162.19M 105.21M 53.80M 141.45M -76.58M
Begin period cash flow 413.53M 308.32M 254.53M 113.07M 189.65M
End period cash flow 251.35M 413.53M 308.32M 254.53M 113.07M
Total cash from operating activities 682.46M 736.41M 856.18M 370.89M 62.93M
Issuance of capital stock - - 0.00M 0.00M 52.45M
Depreciation 328.46M 339.03M 230.94M 156.20M 152.98M
Other cashflows from investing activities 37.51M 431.85M 1.39M - 99.34M
Dividends paid 207.04M 434.12M 638.93M -33.39M 33.39M
Change to inventory -23.98M 7.52M -27.67M -98.56M -26.72M
Change to account receivables -5.05M -2.80M 14.82M -59.58M -22.45M
Sale purchase of stock - - 0.00M - 52.45M
Other cashflows from financing activities -0.41M -0.93M -0.86M 646.90M 395.82M
Change to netincome - - - -116.01M -38.45M
Capital expenditures 12.53M 915.25M 1631.42M 317.96M 462.40M
Change in working capital -31.50M -3.74M -8.51M -132.00M -35.41M
Stock based compensation 5.56M -2.19M 10.72M - -
Other non cash items 6.41M -92.27M -33.38M -126.03M -43.49M
Free cash flow 669.93M -178.84M -775.24M 52.93M -399.47M

Peer Comparison*

Sector: Energy Industry: Oil & Gas Midstream

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
FRO
Frontline Ltd
0.35
0.62%
56.90 7.58 10.64 4.23 3.56 4.92 7.98
EBBNF
Enbridge Inc
-
-%
25.10 11.23 - 1.48 - - -
EPD
Enterprise Products Partners LP
-0.90
2.30%
38.15 13.38 12.24 1.43 2.76 2.01 11.37
ENB
Enbridge Inc
0.19
0.39%
49.46 32.07 17.33 1.67 1.73 2.98 10.28
ET
Energy Transfer LP
0.03
0.14%
20.91 14.71 12.67 0.68 2.09 1.33 8.25

Profile*

Frontline Ltd

Frontline plc, a shipping company, engages in the ownership and operation of oil and product tankers worldwide. The company owns and operates oil and product tankers, such as very large crude carriers (VLCCs), Suezmax tankers, and LR2/Aframax tankers. As of December 31, 2025, it operated a fleet of 80 vessels, including 41 VLCCs, 21 Suezmax tankers, and 18 LR2/Aframax tankers. The company is also involved in the charter, purchase, and sale of vessels. Frontline plc was founded in 1985 and is based in Limassol, Cyprus.

Iris House, Limassol, Cyprus, 3106

357 2 5588767

85

Name Title Year Born
Ms. Inger Marie Klemp Chief Financial Officer of Frontline Management AS 1964
Mr. Lars H. Barstad Chief Exec. Officer of Frontline Management AS 1971
Mr. Robert Hvide Macleod Chief Exec. Officer of Frontline Management AS 1979
Mr. Lars H. Barstad Chief Executive Officer of Frontline Management AS 1971
Marios Saveriades Secretary NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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