Also trades as: FRO.OL (OSL) · $vol 48M

$53.77

-1.46 (-2.64%)

After Hours: $53.90 (+0.13, +0.24%)

Weekly Expected Move ±7.1%

$45 $49 $53 $57 $60

NYSE · Industrials · Marine Shipping · Tech Score Neutral · Power 65 · $12.0B mcap · 121M float · 2.64% daily turnover · Short 56% of daily vol

Credit Risk of going bust: lower than 55% of companies Debt: 16.5% of company value Bonds: none of note held by US funds details ▾

If the stock fell to about $1.08 (down 98%), Frontline Plc would be worth roughly what it owes.
Total debt $2.43B against a stock market value of $12.30B.
Distance to default 5.62 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.35B (short-term plus half of long-term), stock volatility 44.6%; Altman Z'' 4.29. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE

61.0 / 100

NoneWeakNarrowWide

Primary source: Network Effects · ROIC: 25.4% · 5Y Avg: 12.9%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. FRO has a Narrow competitive edge (61.0/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Network Effects. ROIC of 25.4% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$53

Low

$62

Avg Target

$70

High

Based on 2 analysts since Aug 28, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 8Hold: 10Sell: 4Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$61.50

Analysts2

Consensus Change History

Date	Field	From	To
2026-04-27	consensus	Buy	Hold

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-10-27	Evercore ISI	—	$42	$53	+11	-4.0%	$55.23
2026-09-18	BTIG	—	$35	$70	+35	+29.6%	$54.03
2026-02-27	Evercore ISI	Jonathan Chappell	$26	$42	+16	+10.7%	$37.95
2026-02-04	BTIG	—	$30	$35	+5	+21.4%	$28.84
2025-10-28	Evercore ISI	—	$25	$26	+1	+8.1%	$24.06
2025-03-27	Kepler Capital	—	Initiated	$12	—	-16.2%	$14.91
2024-11-27	Evercore ISI	Jonathan Chappell	Initiated	$25	—	+47.2%	$16.98
2024-10-07	BTIG	Gregory Lewis	Initiated	$30	—	+16.8%	$25.68
2024-03-20	Jefferies	Omar Nokta	Initiated	$30	—	+28.0%	$23.44
2024-01-09	Deutsche Bank	Amit Mehrotra	$17	$26	+9	+20.0%	$21.68
2023-06-29	Deutsche Bank	Amit Mehrotra	Initiated	$17	—	+22.1%	$13.92

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

A-

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. FRO receives an overall rating of A-. Strongest factors: ROE (5/5), ROA (5/5), P/E (4/5). Areas of concern: D/E (2/5), P/B (2/5).

Rating Change History

Date	From	To
2026-05-26	B+	A-
2026-05-06	A-	B+
2026-04-01	B	A-
2026-03-10	B+	B
2026-03-02	B-	B+
2026-02-09	B	B-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 79 Grade A+

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. FRO scores highest in Profitability (99/100) and lowest in Cash Flow (60/100). An overall grade of A+ places FRO among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

3.52

Safe Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✗ ✓ ✗ ✓ ✓ ✓

Beneish M-Score

-1.68

Possible Manipulator

Ohlson O-Score

-9.69

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AA-

Score: 80.2/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 0.91x

Accruals: 2.2%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. FRO scores 3.52, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. FRO scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. FRO's score of -1.68 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. FRO's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. FRO receives an estimated rating of AA- (score: 80.2/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). FRO's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

8.19x

PEG

0.02x

P/S

4.48x

P/B

3.85x

P/FCF

11.24x

P/OCF

5.72x

EV/EBITDA

5.21x

EV/Revenue

3.63x

EV/EBIT

6.25x

EV/FCF

14.31x

Earnings Yield

19.19%

FCF Yield

8.90%

Shareholder Yield

9.00%

Graham Number

$46.14

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 8.2x earnings, FRO trades at a deep value multiple. An earnings yield of 19.2% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $46.14 per share, 17% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.998

NI / EBT

Interest Burden

0.945

EBT / EBIT

EBIT Margin

0.581

EBIT / Rev

Asset Turnover

0.455

Rev / Assets

Equity Multiplier

2.159

Assets / Equity

ROE

53.8%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. FRO's ROE of 53.8% is driven by a balanced combination of operating margin, asset efficiency, and leverage. A tax burden ratio of 1.00 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$257.08

Price/Value

0.14x

Margin of Safety

86.47%

Premium

-86.47%

Assessment

Undervalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with FRO's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. FRO actually compounded EPS at 21.5% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. At an intrinsic value of $257.08, FRO appears undervalued with a 86% margin of safety. The adjusted fair P/E of 38.5x compares to the current market P/E of 8.2x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$53.81

Median 1Y

$64.91

5th Pctile

$25.95

95th Pctile

$165.11

Ann. Volatility

53.1%

Analyst Target

$61.50

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

0.0% YoY

Revenue / Employee

$23,118,871

Rev: $1,965,104,000

Profit / Employee

$4,459,776

NI: $379,081,000

SGA / Employee

$604,318

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	-2.5%	-0.7%	-0.7%	3.8%	14.2%	24.4%	33.3%	39.5%	36.7%	28.9%	27.7%	25.2%	23.9%	21.5%	14.8%	9.9%	9.3%	15.6%	35.0%	53.8%	53.84%
ROA	-1.0%	-0.3%	-0.3%	1.6%	6.0%	10.8%	14.8%	18.3%	17.1%	12.3%	11.2%	10.7%	10.1%	8.2%	5.5%	3.8%	3.6%	6.3%	15.3%	24.9%	24.94%
ROIC	-0.1%	0.2%	0.2%	2.1%	5.3%	10.8%	16.1%	21.0%	21.6%	13.8%	12.2%	12.8%	13.4%	13.6%	11.0%	8.8%	8.2%	11.1%	17.4%	25.4%	25.37%
ROCE	0.5%	1.4%	0.9%	2.7%	7.0%	11.9%	17.6%	22.4%	22.5%	15.0%	13.5%	14.2%	14.5%	14.3%	11.4%	9.3%	9.1%	11.7%	21.5%	29.6%	29.61%
Gross Margin	-8.2%	9.4%	10.0%	25.2%	32.4%	50.5%	48.1%	49.8%	34.4%	36.6%	38.6%	39.0%	30.9%	26.7%	24.8%	29.9%	24.3%	46.3%	55.4%	64.5%	64.52%
Operating Margin	-11.2%	8.6%	9.5%	22.3%	29.4%	47.0%	48.4%	49.3%	30.4%	33.3%	43.4%	46.0%	29.5%	30.5%	21.8%	27.5%	22.2%	44.5%	51.8%	63.2%	63.20%
Net Margin	-19.3%	9.3%	13.3%	17.1%	40.9%	45.8%	40.1%	45.0%	28.6%	28.5%	31.3%	33.7%	12.3%	15.7%	7.8%	16.2%	9.3%	36.5%	78.3%	69.9%	69.88%
EBITDA Margin	12.0%	38.1%	28.1%	33.7%	54.3%	60.9%	60.4%	62.5%	54.1%	54.6%	59.1%	62.3%	47.3%	52.8%	41.9%	45.7%	42.7%	58.0%	94.6%	70.8%	70.76%
FCF Margin	-23.0%	-50.9%	-44.4%	-35.2%	-25.9%	3.7%	9.3%	27.2%	27.1%	-55.4%	-97.6%	-98.4%	-84.3%	-8.7%	36.1%	33.7%	31.5%	34.1%	26.3%	25.4%	25.38%
OCF Margin	9.0%	8.4%	8.8%	11.5%	15.8%	25.9%	36.0%	43.4%	43.7%	39.8%	33.3%	29.9%	32.8%	35.9%	37.0%	34.2%	32.1%	34.7%	41.2%	49.8%	49.84%
ROE 3Y Avg	snapshot only																				27.22%
ROE 5Y Avg	snapshot only																				24.26%
ROA 3Y Avg	snapshot only																				12.89%
ROIC 3Y Avg	snapshot only																				14.38%
ROIC Economic	snapshot only																				24.15%
Cash ROA	snapshot only																				23.28%
Cash ROIC	snapshot only																				25.68%
CROIC	snapshot only																				13.08%
NOPAT Margin	snapshot only																				49.24%
Pretax Margin	snapshot only																				54.89%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				2.39%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	-33.05	-90.86	-117.25	19.67	7.00	4.13	4.42	3.18	4.59	5.92	7.22	8.75	8.67	6.08	9.18	14.98	23.09	12.81	8.58	5.21	8.187
P/S Ratio	1.87	1.35	1.68	1.46	1.61	1.38	1.68	1.37	1.87	2.16	2.45	2.70	2.32	1.47	1.68	1.96	2.85	2.47	3.45	2.85	4.478
P/B Ratio	0.84	0.61	0.77	0.69	0.88	0.87	1.29	1.15	1.61	1.71	1.94	2.14	2.02	1.29	1.37	1.51	2.16	1.93	2.73	2.45	3.853
P/FCF	-8.12	-2.66	-3.79	-4.14	-6.23	37.37	18.10	5.05	6.89	-3.90	-2.51	-2.74	-2.76	-16.86	4.65	5.80	9.03	7.25	13.11	11.24	11.241
P/OCF	20.67	16.10	19.02	12.61	10.16	5.33	4.66	3.16	4.28	5.42	7.35	9.03	7.09	4.09	4.54	5.72	8.87	7.12	8.37	5.72	5.724
EV/EBITDA	26.49	15.71	18.39	12.72	8.43	5.57	5.15	3.84	4.64	6.69	7.68	7.77	7.16	5.54	6.54	7.80	9.99	8.11	6.88	5.21	5.214
EV/Revenue	4.95	4.36	4.49	3.72	3.42	2.70	2.81	2.30	2.78	3.90	4.46	4.51	4.02	3.09	3.38	3.66	4.57	3.90	4.41	3.63	3.631
EV/EBIT	178.06	59.47	110.12	32.05	13.17	7.41	6.44	4.66	5.74	8.57	10.12	10.49	9.88	7.87	9.89	12.72	16.91	12.45	8.87	6.25	6.252
EV/FCF	-21.51	-8.56	-10.11	-10.57	-13.22	72.95	30.24	8.46	10.24	-7.05	-4.57	-4.59	-4.77	-35.47	9.36	10.86	14.51	11.45	16.76	14.31	14.308
Earnings Yield	-3.0%	-1.1%	-0.9%	5.1%	14.3%	24.2%	22.6%	31.4%	21.8%	16.9%	13.8%	11.4%	11.5%	16.4%	10.9%	6.7%	4.3%	7.8%	11.7%	19.2%	19.19%
FCF Yield	-12.3%	-37.7%	-26.4%	-24.2%	-16.1%	2.7%	5.5%	19.8%	14.5%	-25.7%	-39.9%	-36.4%	-36.3%	-5.9%	21.5%	17.2%	11.1%	13.8%	7.6%	8.9%	8.90%
PEG Ratio	snapshot only																				0.016
Price/Tangible Book	snapshot only																				2.545
EV/OCF	snapshot only																				7.286
EV/Gross Profit	snapshot only																				7.047
Acquirers Multiple	snapshot only																				7.357
Shareholder Yield	snapshot only																				9.00%
Graham Number	snapshot only																				$46.14

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	1.20	1.14	0.66	1.06	1.63	2.25	1.75	1.92	1.79	1.78	1.75	1.38	1.43	1.39	1.82	1.88	1.37	1.43	2.03	1.87	1.870
Quick Ratio	1.20	0.73	0.41	1.06	1.63	2.04	1.75	1.47	1.79	1.18	1.75	0.92	1.43	1.39	1.82	1.88	1.37	1.43	2.03	1.87	1.870
Debt/Equity	1.46	1.43	1.35	1.22	1.16	1.05	1.07	1.00	1.01	1.52	1.72	1.59	1.61	1.60	1.58	1.52	1.39	1.22	0.93	0.77	0.772
Net Debt/Equity	1.38	1.36	1.29	1.07	0.99	0.83	0.87	0.77	0.78	1.38	1.59	1.44	1.48	1.42	1.39	1.31	1.31	1.12	0.76	0.67	0.670
Debt/Assets	0.58	0.58	0.56	0.53	0.52	0.50	0.51	0.49	0.49	0.59	0.62	0.60	0.60	0.60	0.60	0.59	0.57	0.53	0.46	0.42	0.419
Debt/EBITDA	17.44	11.39	12.11	8.83	5.21	3.43	2.56	2.00	1.97	3.29	3.75	3.45	3.31	3.27	3.74	4.19	4.01	3.24	1.82	1.29	1.288
Net Debt/EBITDA	16.49	10.84	11.50	7.74	4.46	2.72	2.07	1.55	1.52	2.99	3.47	3.12	3.02	2.91	3.29	3.63	3.77	2.97	1.50	1.12	1.117
Interest Coverage	0.33	0.89	0.49	1.77	5.39	5.28	5.86	6.34	5.21	4.79	4.20	3.48	2.94	2.66	2.21	1.88	1.87	2.67	5.36	8.50	8.501
Equity Multiplier	2.52	2.49	2.41	2.29	2.24	2.11	2.12	2.05	2.07	2.58	2.79	2.66	2.68	2.66	2.64	2.58	2.46	2.29	1.99	1.84	1.842
Cash Ratio	snapshot only																				0.660
Debt Service Coverage	snapshot only																				10.192
Cash to Debt	snapshot only																				0.132
FCF to Debt	snapshot only																				0.283
Defensive Interval	snapshot only																				1996.0 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.18	0.19	0.19	0.22	0.26	0.32	0.39	0.42	0.42	0.34	0.33	0.35	0.37	0.34	0.30	0.29	0.29	0.33	0.38	0.46	0.455
Inventory Turnover	14.11	6.79	7.42	15.97	—	9.41	14.76	9.80	—	6.29	—	4.84	—	10.97	—	9.14	—	—	—	—	—
Receivables Turnover	14.99	17.38	9.07	9.08	56.30	25.39	50.53	15.02	26.40	31.16	—	13.70	28.08	24.72	—	24.69	—	33.41	—	—	—
Payables Turnover	94.79	141.12	173.32	283.96	354.24	182.41	231.83	32.69	31.94	129.92	—	13.80	40.36	195.08	—	23.55	—	441.45	—	—	—
DSO	24	21	40	40	6	14	7	24	14	12	0	27	13	15	0	15	0	11	0	0	0.0 days
DIO	26	54	49	23	0	39	25	37	0	58	0	75	0	33	0	40	0	0	0	0	0.0 days
DPO	4	3	2	1	1	2	2	11	11	3	0	26	9	2	0	15	0	1	0	0	—
Cash Conversion Cycle	46	72	87	62	5	51	30	50	2	67	0	76	4	46	0	39	0	10	0	0	—
Fixed Asset Turnover	snapshot only																				0.571
Cash Velocity	snapshot only																				8.423
Capital Intensity	snapshot only																				2.141

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	-48.7%	-38.6%	-23.0%	14.9%	56.7%	90.9%	1.2%	1.1%	72.2%	26.0%	10.1%	0.2%	6.4%	13.8%	0.9%	-5.3%	-13.4%	-4.2%	18.5%	48.8%	48.84%
Net Income	-1.1%	-1.0%	-1.0%	33.3%	7.4%	44.0%	59.7%	11.4%	2.0%	36.9%	-1.9%	-28.3%	-29.9%	-24.5%	-45.4%	-60.0%	-60.2%	-23.5%	1.6%	5.2%	5.25%
EPS	-1.1%	-1.0%	-1.0%	33.3%	6.6%	39.3%	54.7%	10.4%	2.1%	36.7%	-1.9%	-28.3%	-29.9%	-24.5%	-45.4%	-60.0%	-60.2%	-23.5%	1.6%	5.2%	5.25%
FCF	-1.7%	-2.1%	-2.7%	-13.6%	-76.2%	1.1%	1.5%	2.6%	2.8%	-19.8%	-12.6%	-4.6%	-4.3%	82.1%	1.4%	1.3%	1.3%	4.7%	-13.8%	12.1%	12.08%
EBITDA	-81.6%	-64.9%	-58.2%	18.7%	2.4%	2.3%	3.9%	3.4%	1.5%	51.8%	17.2%	-2.8%	-0.1%	8.9%	-10.1%	-23.5%	-29.5%	-17.4%	46.9%	1.2%	1.21%
Op. Income	-1.0%	-97.6%	-97.5%	0.2%	66.0%	35.8%	80.1%	8.8%	2.9%	66.1%	13.1%	-11.2%	-7.9%	4.7%	-17.6%	-34.3%	-42.9%	-23.4%	40.4%	1.7%	1.68%
OCF Growth	snapshot only																				1.17%
Asset Growth	snapshot only																				-4.86%
Equity Growth	snapshot only																				33.31%
Debt Growth	snapshot only																				-32.12%
Shares Change	snapshot only																				-0.00%
Dividend Growth	snapshot only																				1.34%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	0.3%	0.3%	-1.6%	2.6%	10.0%	14.3%	14.8%	13.2%	11.5%	13.9%	23.4%	34.8%	42.1%	39.9%	35.0%	26.4%	16.6%	11.2%	9.6%	12.2%	12.19%
Revenue 5Y	2.3%	-0.1%	1.9%	6.4%	11.5%	17.2%	21.8%	24.0%	22.2%	19.4%	18.4%	18.1%	19.5%	16.5%	10.9%	6.6%	5.0%	10.0%	17.5%	28.1%	28.12%
EPS 3Y	—	—	—	-7.6%	49.8%	37.6%	29.6%	16.7%	9.1%	12.2%	27.0%	1.2%	—	—	—	48.5%	-5.1%	-7.6%	11.7%	21.5%	21.47%
EPS 5Y	—	—	—	12.8%	1.5%	—	—	—	—	—	61.1%	45.2%	48.5%	21.9%	3.1%	-14.5%	-18.4%	-4.0%	23.8%	93.7%	93.71%
Net Income 3Y	—	—	—	-0.9%	65.5%	50.7%	34.8%	21.4%	13.7%	16.7%	32.1%	1.3%	—	—	—	52.7%	-5.3%	-7.5%	11.7%	21.5%	21.47%
Net Income 5Y	—	—	—	16.3%	1.7%	—	—	—	—	—	70.1%	54.0%	57.5%	28.8%	5.6%	-12.5%	-16.3%	-1.7%	26.8%	97.0%	96.96%
EBITDA 3Y	—	11.8%	-2.7%	10.7%	35.7%	37.6%	30.0%	20.8%	16.8%	21.1%	34.4%	71.3%	1.1%	76.6%	73.4%	47.9%	21.4%	10.9%	15.7%	18.0%	17.98%
EBITDA 5Y	-19.3%	-5.8%	-3.8%	6.1%	21.2%	—	—	—	—	47.8%	39.8%	41.9%	44.7%	33.9%	18.3%	5.5%	2.4%	9.8%	26.2%	53.4%	53.40%
Gross Profit 3Y	-28.8%	-30.2%	-47.7%	-18.2%	8.7%	20.6%	19.6%	13.6%	9.9%	13.1%	29.1%	80.6%	2.2%	1.8%	2.0%	70.8%	24.8%	9.6%	9.7%	16.4%	16.44%
Gross Profit 5Y	-37.0%	-35.0%	-35.5%	-6.1%	16.4%	40.3%	66.5%	81.6%	71.0%	53.8%	37.1%	30.7%	31.7%	20.4%	7.3%	-3.1%	-7.0%	3.7%	21.4%	62.7%	62.71%
Op. Income 3Y	—	-47.1%	-61.9%	-21.0%	9.7%	23.3%	20.9%	14.0%	10.5%	13.7%	32.7%	1.1%	—	3.0%	3.2%	79.1%	27.3%	10.0%	9.4%	16.1%	16.13%
Op. Income 5Y	—	-41.4%	-41.0%	2.5%	33.4%	—	—	—	—	55.3%	38.4%	33.9%	36.7%	26.7%	10.5%	-2.9%	-6.7%	3.4%	22.0%	72.9%	72.85%
FCF 3Y	—	—	—	—	—	-13.6%	—	—	—	—	—	—	—	—	—	—	—	1.3%	55.1%	9.6%	9.65%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	24.0%	—	—
OCF 3Y	56.2%	10.9%	-19.7%	-15.7%	-4.7%	10.1%	17.0%	12.7%	6.8%	5.9%	15.0%	42.3%	1.2%	1.3%	1.2%	81.6%	47.6%	22.5%	14.6%	17.5%	17.49%
OCF 5Y	-28.3%	-26.1%	-22.5%	-11.5%	2.7%	24.2%	60.4%	95.1%	1.2%	73.1%	36.6%	27.1%	26.8%	21.5%	12.8%	1.4%	-3.8%	2.5%	17.6%	46.6%	46.61%
Assets 3Y	8.4%	10.2%	9.2%	11.3%	8.2%	8.9%	5.7%	5.1%	4.9%	14.5%	19.0%	17.5%	16.4%	14.7%	14.8%	11.9%	7.9%	6.4%	6.3%	7.3%	7.33%
Assets 5Y	6.4%	6.8%	5.2%	6.3%	5.9%	8.8%	7.6%	7.6%	8.0%	13.8%	16.2%	15.3%	11.9%	11.0%	9.0%	8.6%	7.5%	8.0%	7.6%	7.9%	7.86%
Equity 3Y	11.6%	12.4%	11.8%	16.2%	13.7%	14.5%	11.5%	11.3%	11.2%	12.2%	13.1%	14.6%	14.1%	12.3%	11.4%	7.5%	4.7%	3.4%	8.5%	11.2%	11.17%
Book Value 3Y	6.5%	6.7%	5.3%	8.4%	2.9%	4.6%	7.2%	7.0%	6.7%	7.9%	8.8%	11.4%	9.2%	8.0%	8.1%	4.5%	4.9%	3.4%	8.5%	11.2%	11.17%
Dividend 3Y	—	—	—	—	—	—	—	—	44.3%	39.0%	-1.5%	-10.9%	-14.9%	-15.5%	-9.1%	-16.1%	-17.2%	-21.9%	-0.4%	32.7%	32.68%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.20	0.14	0.14	0.12	0.22	0.47	0.47	0.42	0.45	0.63	0.66	0.67	0.75	0.76	0.60	0.43	0.43	0.89	0.94	0.83	0.826
Earnings Stability	0.02	0.14	0.16	0.13	0.23	0.57	0.58	0.51	0.54	0.57	0.52	0.36	0.35	0.42	0.21	0.05	0.02	0.13	0.47	0.52	0.517
Margin Stability	0.21	0.34	0.43	0.43	0.27	0.36	0.29	0.24	0.18	0.33	0.41	0.45	0.37	0.49	0.48	0.57	0.67	0.86	0.88	0.60	0.600
Rev. Growth Consistency	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	1.00	0.50	0.500
Earn. Growth Consistency	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.500
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	0
Earnings Persistence	0.20	0.20	0.20	0.87	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.89	0.88	0.90	0.82	0.50	0.50	0.91	0.50	0.50	0.500
Earnings Smoothness	—	—	—	0.71	—	—	—	0.00	0.00	0.69	0.98	0.67	0.65	0.72	0.41	0.14	0.14	0.73	0.11	0.00	0.000
ROE Trend	-0.21	-0.18	-0.17	-0.12	-0.02	0.09	0.21	0.33	0.30	0.19	0.13	0.05	-0.01	-0.04	-0.13	-0.20	-0.20	-0.10	0.11	0.30	0.298
Gross Margin Trend	-0.32	-0.32	-0.33	-0.19	-0.04	0.10	0.22	0.33	0.34	0.24	0.18	0.09	0.02	-0.04	-0.10	-0.14	-0.15	-0.06	0.06	0.19	0.187
FCF Margin Trend	-0.22	-0.50	-0.41	-0.28	-0.12	0.34	0.21	0.46	0.52	-0.32	-0.80	-0.94	-0.85	0.17	0.80	0.69	0.60	0.66	0.57	0.58	0.577
Sustainable Growth Rate	—	—	—	3.8%	4.3%	13.7%	10.3%	10.7%	8.2%	0.8%	6.7%	5.5%	5.3%	2.7%	-2.0%	-2.5%	-1.0%	7.1%	19.8%	28.6%	28.60%
Internal Growth Rate	—	—	—	1.6%	1.9%	6.4%	4.8%	5.2%	4.0%	0.3%	2.8%	2.4%	2.3%	1.0%	—	—	—	3.0%	9.5%	15.3%	15.27%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	-1.60	-5.64	-6.16	1.56	0.69	0.77	0.95	1.01	1.07	1.09	0.98	0.97	1.22	1.49	2.02	2.62	2.60	1.80	1.02	0.91	0.910
FCF/OCF	-2.55	-6.06	-5.02	-3.05	-1.63	0.14	0.26	0.63	0.62	-1.39	-2.93	-3.29	-2.57	-0.24	0.98	0.99	0.98	0.98	0.64	0.51	0.509
FCF/Net Income	snapshot only																				0.463
OCF/EBITDA	snapshot only																				0.716
CapEx/Revenue	32.0%	59.3%	53.2%	46.7%	41.7%	22.2%	26.8%	16.2%	16.5%	95.2%	1.3%	1.3%	1.2%	44.6%	0.9%	0.5%	0.6%	0.6%	14.9%	24.5%	24.46%
CapEx/Depreciation	snapshot only																				2.117
Accruals Ratio	-0.03	-0.02	-0.02	-0.01	0.02	0.02	0.01	-0.00	-0.01	-0.01	0.00	0.00	-0.02	-0.04	-0.06	-0.06	-0.06	-0.05	-0.00	0.02	0.022
Sloan Accruals	snapshot only																				-0.051
Cash Flow Adequacy	snapshot only																				0.994
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	9.9%	10.7%	15.6%	22.9%	16.9%	16.4%	10.5%	8.9%	9.0%	14.4%	12.4%	8.4%	4.8%	4.3%	5.0%	9.0%	11.32%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.80	$0.95	$2.02	$2.72	$2.72	$2.87	$2.17	$2.09	$1.91	$1.95	$1.78	$1.34	$1.08	$0.93	$1.76	$3.13	$6.18
Payout Ratio	—	—	—	0.0%	69.5%	44.1%	69.2%	73.0%	77.5%	97.3%	75.8%	78.3%	77.7%	87.6%	1.1%	1.3%	1.1%	54.6%	43.3%	46.9%	46.87%
FCF Payout Ratio	—	—	—	—	—	4.0%	2.8%	1.2%	1.2%	—	—	—	—	—	57.7%	48.5%	43.2%	30.9%	66.2%	1.0%	1.01%
Total Payout Ratio	—	—	—	0.0%	69.5%	44.1%	69.2%	73.0%	77.5%	97.3%	75.8%	78.3%	77.7%	87.6%	1.1%	1.3%	1.1%	54.6%	43.3%	46.9%	46.87%
Div. Increase Streak	—	—	—	—	0	0	0	0	1	1	1	0	0	0	0	0	0	0	0	0	0
Chowder Number	—	—	—	—	—	—	—	—	2.57	2.19	0.18	-0.14	-0.21	-0.18	-0.06	-0.28	-0.39	-0.48	0.04	1.43	1.426
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	-0.1%	-5.2%	-4.0%	-4.0%	-2.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Shareholder Return	-0.1%	-5.2%	-4.0%	-4.0%	7.0%	10.7%	15.6%	22.9%	16.9%	16.4%	10.5%	8.9%	9.0%	14.4%	12.4%	8.4%	4.8%	4.3%	5.0%	9.0%	9.00%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	1.00	1.71	1.72	0.93	0.98	1.00	1.00	1.00	1.00	1.00	1.00	0.99	0.99	0.98	0.98	0.97	0.98	0.98	0.99	1.00	0.998
Interest Burden (EBT/EBIT)	-2.03	-0.12	-0.20	0.68	0.90	0.92	0.87	0.88	0.84	0.80	0.77	0.72	0.67	0.62	0.55	0.47	0.47	0.62	0.81	0.95	0.945
EBIT Margin	0.03	0.07	0.04	0.12	0.26	0.36	0.44	0.49	0.48	0.46	0.44	0.43	0.41	0.39	0.34	0.29	0.27	0.31	0.50	0.58	0.581
Asset Turnover	0.18	0.19	0.19	0.22	0.26	0.32	0.39	0.42	0.42	0.34	0.33	0.35	0.37	0.34	0.30	0.29	0.29	0.33	0.38	0.46	0.455
Equity Multiplier	2.49	2.46	2.40	2.37	2.36	2.27	2.25	2.16	2.15	2.34	2.47	2.36	2.38	2.62	2.71	2.62	2.57	2.47	2.28	2.16	2.159

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$-0.21	$-0.06	$-0.05	$0.33	$1.14	$2.16	$2.92	$3.73	$3.51	$2.95	$2.86	$2.67	$2.46	$2.23	$1.56	$1.07	$0.98	$1.70	$4.06	$6.68	$6.68
Book Value/Share	$8.10	$8.36	$8.27	$9.31	$9.06	$10.20	$9.98	$10.32	$10.00	$10.23	$10.68	$10.90	$10.55	$10.51	$10.46	$10.63	$10.45	$11.28	$12.76	$14.17	$14.17
Tangible Book/Share	$7.53	$7.79	$7.72	$8.76	$8.56	$9.70	$9.48	$9.81	$9.50	$9.73	$10.17	$10.39	$10.04	$10.01	$9.96	$10.13	$9.94	$10.77	$12.26	$13.67	$13.67
Revenue/Share	$3.64	$3.79	$3.80	$4.41	$4.98	$6.44	$7.68	$8.64	$8.61	$8.10	$8.46	$8.65	$9.16	$9.21	$8.53	$8.19	$7.93	$8.83	$10.11	$12.19	$12.19
FCF/Share	$-0.84	$-1.93	$-1.69	$-1.55	$-1.29	$0.24	$0.71	$2.35	$2.34	$-4.48	$-8.25	$-8.51	$-7.73	$-0.80	$3.08	$2.76	$2.50	$3.01	$2.66	$3.09	$3.09
OCF/Share	$0.33	$0.32	$0.34	$0.51	$0.79	$1.67	$2.77	$3.75	$3.76	$3.22	$2.81	$2.59	$3.01	$3.31	$3.16	$2.80	$2.55	$3.07	$4.16	$6.08	$6.08
Cash/Share	$0.64	$0.58	$0.56	$1.40	$1.52	$2.21	$2.06	$2.33	$2.32	$1.42	$1.36	$1.65	$1.47	$1.88	$1.97	$2.15	$0.86	$1.14	$2.12	$1.45	$1.45
EBITDA/Share	$0.68	$1.05	$0.93	$1.29	$2.02	$3.12	$4.19	$5.17	$5.16	$4.72	$4.91	$5.03	$5.15	$5.14	$4.41	$3.84	$3.63	$4.25	$6.48	$8.49	$8.49
Debt/Share	$11.84	$11.97	$11.21	$11.39	$10.51	$10.68	$10.72	$10.32	$10.14	$15.54	$18.39	$17.34	$17.03	$16.83	$16.49	$16.11	$14.55	$13.78	$11.82	$10.94	$10.94
Net Debt/Share	$11.20	$11.39	$10.65	$9.99	$8.99	$8.47	$8.66	$7.99	$7.83	$14.12	$17.02	$15.69	$15.56	$14.95	$14.52	$13.96	$13.69	$12.64	$9.70	$9.49	$9.49

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3.517
Altman Z-Prime	snapshot only																				6.104
Piotroski F-Score	4	3	2	9	7	7	7	8	9	5	3	2	4	4	7	6	5	7	9	7	7
Beneish M-Score	-5.68	-2.60	-2.10	-2.34	-2.78	-1.16	-2.55	-1.85	-2.62	-2.16	-2.24	-2.60	-3.13	-2.54	-2.79	-3.72	-3.02	-4.08	-2.21	-1.68	-1.683
Ohlson O-Score	snapshot only																				-9.692
ROIC (Greenblatt)	snapshot only																				30.44%
Net-Net WC	snapshot only																				$-7.84
EVA	snapshot only																				$809842812.39

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AA-
Credit Score	18.60	16.33	12.65	23.70	38.84	50.92	51.92	61.50	62.31	41.88	42.80	38.70	36.01	35.72	41.34	37.38	42.72	48.18	75.90	80.16	80.159
Credit Grade	snapshot only																				4
Credit Trend	snapshot only																				42.778
Implied Spread (bps)	snapshot only																				100.000
Industry Credit Rank	snapshot only																				77
Sector Credit Rank	snapshot only																				70

FRO NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Workforce & Productivity

Scaling Efficiency

Sign in to InsiderStreet