WallStSmart

Frontline Ltd (FRO)vsTC Energy Corp (TRP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

TC Energy Corp generates 675% more annual revenue ($15.24B vs $1.97B). TRP leads profitability with a 23.1% profit margin vs 19.3%. TRP appears more attractively valued with a PEG of 4.61. FRO earns a higher WallStSmart Score of 68/100 (B-).

FRO

Strong Buy

68

out of 100

Grade: B-

Growth: 7.3Profit: 8.0Value: 7.3Quality: 4.3
Piotroski: 2/9Altman Z: 1.15

TRP

Buy

59

out of 100

Grade: C

Growth: 6.0Profit: 7.5Value: 4.7Quality: 3.0
Piotroski: 4/9Altman Z: 0.48
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FROUndervalued (+62.1%)

Margin of Safety

+62.1%

Fair Value

$79.56

Current Price

$33.75

$45.81 discount

UndervaluedFair: $79.56Overvalued
TRPSignificantly Overvalued (-216.8%)

Margin of Safety

-216.8%

Fair Value

$19.23

Current Price

$64.08

$44.85 premium

UndervaluedFair: $19.23Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FRO3 strengths · Avg: 9.3/10
Operating MarginProfitability
44.5%10/10

Strong operational efficiency at 44.5%

Revenue GrowthGrowth
46.7%10/10

Revenue surging 46.7% year-over-year

Price/BookValuation
3.0x8/10

Reasonable price relative to book value

TRP4 strengths · Avg: 9.0/10
Operating MarginProfitability
45.4%10/10

Strong operational efficiency at 45.4%

Market CapQuality
$66.54B9/10

Large-cap with strong market position

Profit MarginProfitability
23.1%9/10

Keeps 23 of every $100 in revenue as profit

Revenue GrowthGrowth
16.5%8/10

16.5% revenue growth

Areas to Watch

FRO4 concerns · Avg: 2.8/10
EPS GrowthGrowth
2.4%4/10

2.4% earnings growth

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
5.582/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.152/10

Distress zone — elevated risk

TRP4 concerns · Avg: 3.0/10
P/E RatioValuation
25.3x4/10

Moderate valuation

EPS GrowthGrowth
0.5%4/10

0.5% earnings growth

PEG RatioValuation
4.612/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.482/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : FRO

The strongest argument for FRO centers on Operating Margin, Revenue Growth, Price/Book. Profitability is solid with margins at 19.3% and operating margin at 44.5%. Revenue growth of 46.7% demonstrates continued momentum.

Bull Case : TRP

The strongest argument for TRP centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 23.1% and operating margin at 45.4%. Revenue growth of 16.5% demonstrates continued momentum.

Bear Case : FRO

The primary concerns for FRO are EPS Growth, Piotroski F-Score, PEG Ratio.

Bear Case : TRP

The primary concerns for TRP are P/E Ratio, EPS Growth, PEG Ratio. Debt-to-equity of 2.23 is elevated, increasing financial risk.

Key Dynamics to Monitor

TRP carries more volatility with a beta of 1.00 — expect wider price swings.

FRO is growing revenue faster at 46.7% — sustainability is the question.

TRP generates stronger free cash flow (548M), providing more financial flexibility.

Monitor OIL & GAS MIDSTREAM industry trends, competitive dynamics, and regulatory changes.

Bottom Line

FRO scores higher overall (68/100 vs 59/100), backed by strong 19.3% margins and 46.7% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Frontline Ltd

ENERGY · OIL & GAS MIDSTREAM · USA

Frontline Ltd., a shipping company, is engaged in shipping crude oil and petroleum products globally. The company is headquartered in Hamilton, Bermuda.

TC Energy Corp

ENERGY · OIL & GAS MIDSTREAM · USA

TC Energy Corporation is an energy infrastructure company in North America. The company is headquartered in Calgary, Canada.

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