Frontline plc

BATS-CHIXE:FROO Stock Report

Market Cap: NOK 82.6b

Frontline Valuation

Is FROO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FROO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: FROO (NOK359.75) is trading below our estimate of future cash flow value (NOK612.17)

Significantly Below Future Cash Flow Value: FROO is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FROO?

Key metric: As FROO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FROO. This is calculated by dividing FROO's market cap by their current earnings.
What is FROO's PE Ratio?
PE Ratio9.4x
EarningsUS$904.91m
Market CapUS$8.54b

Price to Earnings Ratio vs Peers

How does FROO's PE Ratio compare to its peers?

The above table shows the PE ratio for FROO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.6x
DCC DCC
19.8x11.18%UK£5.4b
ITH Ithaca Energy
21.6x11.67%UK£3.9b
KAP National Atomic Company Kazatomprom JSC
15.8x17.94%US$8.7t
NWF NWF Group
13x15.94%UK£68.7m
FROO Frontline
9.4x-16.81%NOK 8.5b

Price-To-Earnings vs Peers: FROO is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (17.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does FROO's PE Ratio compare vs other companies in the GB Oil and Gas Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ROSN Rosneft Oil
1.5xn/aUS$21.03b
HUR Hurricane Energy
1.8xn/aUS$194.90m
SAVE Savannah Energy
1.3xn/aUS$148.98m
COR Corpus Resources
0.3xn/aUS$1.06m
No more companies available in this PE range
No. of Companies4PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FROO is good value based on its Price-To-Earnings Ratio (9.4x) compared to the European Oil and Gas industry average (16.1x).

Price to Earnings Ratio vs Fair Ratio

What is FROO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FROO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.4x
Fair PE Ratio9.1x

Price-To-Earnings vs Fair Ratio: FROO is expensive based on its Price-To-Earnings Ratio (9.4x) compared to the estimated Fair Price-To-Earnings Ratio (9.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FROO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 359.75
NOK 436.58
+21.36%
15.44%NOK 542.64NOK 365.05n/a4
Jul ’27NOK 341.35
NOK 436.58
+27.90%
15.44%NOK 542.64NOK 365.05n/a4
Jun ’27NOK 322.60
NOK 385.08
+19.37%
7.71%NOK 417.56NOK 343.33n/a4
May ’27NOK 338.20
NOK 390.62
+15.50%
6.52%NOK 418.52NOK 353.41n/a4
Apr ’27NOK 339.95
NOK 402.38
+18.36%
12.05%NOK 448.72NOK 321.91n/a4
Mar ’27NOK 356.00
NOK 347.06
-2.51%
15.56%NOK 399.36NOK 275.75n/a4
Feb ’27NOK 266.70
NOK 290.44
+8.90%
2.74%NOK 297.64NOK 278.43n/a4
Jan ’27n/a
NOK 297.09
0%
2.21%NOK 303.41NOK 288.24n/a4
Dec ’26NOK 240.15
NOK 301.91
+25.72%
2.14%NOK 307.03NOK 291.68n/a5
Nov ’26NOK 248.40
NOK 277.51
+11.72%
6.19%NOK 299.47NOK 249.56n/a5
Oct ’26NOK 224.30
NOK 251.91
+12.31%
8.11%NOK 277.69NOK 218.19n/a5
Sep ’26NOK 206.25
NOK 241.30
+16.99%
4.43%NOK 249.74NOK 219.77n/a6
Aug ’26NOK 193.15
NOK 243.00
+25.81%
4.81%NOK 253.06NOK 222.70n/a6
Jul ’26NOK 176.95
NOK 240.25
+35.78%
6.14%NOK 251.96NOK 211.65NOK 341.356
Jun ’26n/a
NOK 240.74
0%
6.14%NOK 252.47NOK 212.08NOK 322.606
May ’26NOK 173.70
NOK 256.21
+47.50%
12.70%NOK 315.81NOK 210.54NOK 338.206
Apr ’26NOK 156.28
NOK 278.63
+78.29%
18.84%NOK 390.01NOK 231.90NOK 339.957
Mar ’26NOK 176.75
NOK 296.21
+67.59%
19.22%NOK 416.72NOK 247.78NOK 356.007
Feb ’26NOK 198.88
NOK 298.97
+50.33%
20.19%NOK 417.33NOK 225.58NOK 266.707
Jan ’26n/a
NOK 304.65
0%
18.24%NOK 414.61NOK 224.11n/a7
Dec ’25NOK 180.93
NOK 309.76
+71.21%
14.57%NOK 408.67NOK 265.08NOK 240.157
Nov ’25NOK 214.00
NOK 335.53
+56.79%
10.89%NOK 406.79NOK 291.35NOK 248.406
Oct ’25n/a
NOK 340.61
0%
8.01%NOK 392.33NOK 318.11NOK 224.305
Sep ’25NOK 260.70
NOK 343.58
+31.79%
7.46%NOK 392.44NOK 318.20NOK 206.255
Aug ’25n/a
NOK 358.10
0%
7.29%NOK 407.77NOK 330.63NOK 193.155
Jul ’25NOK 274.15
NOK 339.68
+23.90%
3.49%NOK 351.46NOK 319.51NOK 176.955
NOK 414.77
Fair Value
13.3% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/15 17:22
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Frontline plc is covered by 16 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Gregory LewisBTIG
Marius FurulyCarnegie Investment Bank AB