SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:SALM - NO0010310956 - Common Stock
604 NOK
0 (0%)
Taking everything into account, SALM scores 4 out of 10 in our fundamental rating. SALM was compared to 61 industry peers in the Food Products industry. While SALM is still in line with the averages on profitability rating, there are concerns on its financial health. SALM is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
SALM had positive earnings in the past year.
SALM had a positive operating cash flow in the past year.
Each year in the past 5 years SALM has been profitable.
In the past 5 years SALM always reported a positive cash flow from operatings.
1.2 Ratios
SALM has a Return On Assets (2.04%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 7.00%, SALM is in line with its industry, outperforming 49.15% of the companies in the same industry.
SALM has a worse Return On Invested Capital (2.74%) than 69.49% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SALM is in line with the industry average of 6.44%.
The last Return On Invested Capital (2.74%) for SALM is well below the 3 year average (7.18%), which needs to be investigated, but indicates that SALM had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.04% | ||
| ROE | 7% | ||
| ROIC | 2.74% |
ROA(3y)5.59%
ROA(5y)7.01%
ROE(3y)16.59%
ROE(5y)17.93%
ROIC(3y)7.18%
ROIC(5y)7.81%
1.3 Margins
SALM's Profit Margin of 4.36% is in line compared to the rest of the industry. SALM outperforms 59.32% of its industry peers.
In the last couple of years the Profit Margin of SALM has declined.
With a decent Operating Margin value of 8.93%, SALM is doing good in the industry, outperforming 62.71% of the companies in the same industry.
In the last couple of years the Operating Margin of SALM has declined.
SALM has a Gross Margin of 46.22%. This is in the better half of the industry: SALM outperforms 67.80% of its industry peers.
In the last couple of years the Gross Margin of SALM has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.93% | ||
| PM (TTM) | 4.36% | ||
| GM | 46.22% |
OM growth 3Y-4%
OM growth 5Y-3.92%
PM growth 3Y-13.56%
PM growth 5Y-11.19%
GM growth 3Y0.57%
GM growth 5Y-0.26%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SALM is destroying value.
The number of shares outstanding for SALM remains at a similar level compared to 1 year ago.
SALM has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SALM has a worse debt to assets ratio.
2.2 Solvency
SALM has an Altman-Z score of 2.14. This is not the best score and indicates that SALM is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.14, SALM perfoms like the industry average, outperforming 52.54% of the companies in the same industry.
SALM has a debt to FCF ratio of 25.07. This is a negative value and a sign of low solvency as SALM would need 25.07 years to pay back of all of its debts.
SALM has a Debt to FCF ratio of 25.07. This is in the lower half of the industry: SALM underperforms 66.10% of its industry peers.
A Debt/Equity ratio of 1.31 is on the high side and indicates that SALM has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.31, SALM is doing worse than 83.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 25.07 | ||
| Altman-Z | 2.14 |
ROIC/WACC0.36
WACC7.72%
2.3 Liquidity
A Current Ratio of 2.18 indicates that SALM has no problem at all paying its short term obligations.
SALM's Current ratio of 2.18 is amongst the best of the industry. SALM outperforms 83.05% of its industry peers.
A Quick Ratio of 0.37 indicates that SALM may have some problems paying its short term obligations.
The Quick ratio of SALM (0.37) is worse than 86.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.18 | ||
| Quick Ratio | 0.37 |
3. Growth
3.1 Past
The earnings per share for SALM have decreased strongly by -37.35% in the last year.
Measured over the past years, SALM shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.01% on average per year.
Looking at the last year, SALM shows a small growth in Revenue. The Revenue has grown by 1.97% in the last year.
The Revenue has been growing by 16.65% on average over the past years. This is quite good.
EPS 1Y (TTM)-37.35%
EPS 3Y7.44%
EPS 5Y-0.01%
EPS Q2Q%-53.41%
Revenue 1Y (TTM)1.97%
Revenue growth 3Y20.66%
Revenue growth 5Y16.65%
Sales Q2Q%27.48%
3.2 Future
Based on estimates for the next years, SALM will show a very strong growth in Earnings Per Share. The EPS will grow by 24.68% on average per year.
The Revenue is expected to grow by 9.49% on average over the next years. This is quite good.
EPS Next Y-36.11%
EPS Next 2Y26.56%
EPS Next 3Y24.68%
EPS Next 5YN/A
Revenue Next Year6.96%
Revenue Next 2Y12.06%
Revenue Next 3Y11.64%
Revenue Next 5Y9.49%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 46.75, which means the current valuation is very expensive for SALM.
Based on the Price/Earnings ratio, SALM is valued a bit more expensive than 71.19% of the companies in the same industry.
SALM is valuated expensively when we compare the Price/Earnings ratio to 26.56, which is the current average of the S&P500 Index.
SALM is valuated correctly with a Price/Forward Earnings ratio of 16.90.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SALM is on the same level as its industry peers.
SALM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.79, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.75 | ||
| Fwd PE | 16.9 |
4.2 Price Multiples
SALM's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. SALM is more expensive than 76.27% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SALM indicates a slightly more expensive valuation: SALM is more expensive than 64.41% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 85.18 | ||
| EV/EBITDA | 24.23 |
4.3 Compensation for Growth
SALM's earnings are expected to grow with 24.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y26.56%
EPS Next 3Y24.68%
5. Dividend
5.1 Amount
SALM has a Yearly Dividend Yield of 3.64%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.48, SALM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.87, SALM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.64% |
5.2 History
On average, the dividend of SALM grows each year by 8.89%, which is quite nice.
Dividend Growth(5Y)8.89%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
SALM pays out 429.58% of its income as dividend. This is not a sustainable payout ratio.
The dividend of SALM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP429.58%
EPS Next 2Y26.56%
EPS Next 3Y24.68%
OSL:SALM (12/12/2025, 7:00:00 PM)
604
0 (0%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners75.73%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap81.78B
Revenue(TTM)27.09B
Net Income(TTM)1.18B
Analysts75.56
Price Target614.32 (1.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.64% |
Yearly Dividend35.51
Dividend Growth(5Y)8.89%
DP429.58%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)28.44%
Min EPS beat(2)-47.87%
Max EPS beat(2)104.75%
EPS beat(4)2
Avg EPS beat(4)7.54%
Min EPS beat(4)-47.87%
Max EPS beat(4)104.75%
EPS beat(8)2
Avg EPS beat(8)-8.08%
EPS beat(12)3
Avg EPS beat(12)-18.82%
EPS beat(16)3
Avg EPS beat(16)-20.24%
Revenue beat(2)1
Avg Revenue beat(2)-5.49%
Min Revenue beat(2)-11.12%
Max Revenue beat(2)0.15%
Revenue beat(4)2
Avg Revenue beat(4)-2.55%
Min Revenue beat(4)-11.12%
Max Revenue beat(4)0.87%
Revenue beat(8)3
Avg Revenue beat(8)-2.67%
Revenue beat(12)6
Avg Revenue beat(12)-0.38%
Revenue beat(16)8
Avg Revenue beat(16)-0.21%
PT rev (1m)3.89%
PT rev (3m)9.36%
EPS NQ rev (1m)0.33%
EPS NQ rev (3m)10.48%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)-19.31%
Revenue NQ rev (1m)-3.99%
Revenue NQ rev (3m)-4.3%
Revenue NY rev (1m)-2.64%
Revenue NY rev (3m)-3.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.75 | ||
| Fwd PE | 16.9 | ||
| P/S | 3.02 | ||
| P/FCF | 85.18 | ||
| P/OCF | 27.02 | ||
| P/B | 4.85 | ||
| P/tB | N/A | ||
| EV/EBITDA | 24.23 |
EPS(TTM)12.92
EY2.14%
EPS(NY)35.73
Fwd EY5.92%
FCF(TTM)7.09
FCFY1.17%
OCF(TTM)22.35
OCFY3.7%
SpS200.12
BVpS124.5
TBVpS-41
PEG (NY)N/A
PEG (5Y)N/A
Graham Number190.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.04% | ||
| ROE | 7% | ||
| ROCE | 4.91% | ||
| ROIC | 2.74% | ||
| ROICexc | 2.79% | ||
| ROICexgc | 5.19% | ||
| OM | 8.93% | ||
| PM (TTM) | 4.36% | ||
| GM | 46.22% | ||
| FCFM | 3.54% |
ROA(3y)5.59%
ROA(5y)7.01%
ROE(3y)16.59%
ROE(5y)17.93%
ROIC(3y)7.18%
ROIC(5y)7.81%
ROICexc(3y)7.39%
ROICexc(5y)8.02%
ROICexgc(3y)13.13%
ROICexgc(5y)13.77%
ROCE(3y)12.87%
ROCE(5y)13.99%
ROICexgc growth 3Y-3.4%
ROICexgc growth 5Y-6.43%
ROICexc growth 3Y-7.07%
ROICexc growth 5Y-10.05%
OM growth 3Y-4%
OM growth 5Y-3.92%
PM growth 3Y-13.56%
PM growth 5Y-11.19%
GM growth 3Y0.57%
GM growth 5Y-0.26%
F-Score4
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 25.07 | ||
| Debt/EBITDA | 5.08 | ||
| Cap/Depr | 107.83% | ||
| Cap/Sales | 7.63% | ||
| Interest Coverage | 1.67 | ||
| Cash Conversion | 69.79% | ||
| Profit Quality | 81.36% | ||
| Current Ratio | 2.18 | ||
| Quick Ratio | 0.37 | ||
| Altman-Z | 2.14 |
F-Score4
WACC7.72%
ROIC/WACC0.36
Cap/Depr(3y)181.78%
Cap/Depr(5y)256.7%
Cap/Sales(3y)10.1%
Cap/Sales(5y)14.83%
Profit Quality(3y)125.18%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-37.35%
EPS 3Y7.44%
EPS 5Y-0.01%
EPS Q2Q%-53.41%
EPS Next Y-36.11%
EPS Next 2Y26.56%
EPS Next 3Y24.68%
EPS Next 5YN/A
Revenue 1Y (TTM)1.97%
Revenue growth 3Y20.66%
Revenue growth 5Y16.65%
Sales Q2Q%27.48%
Revenue Next Year6.96%
Revenue Next 2Y12.06%
Revenue Next 3Y11.64%
Revenue Next 5Y9.49%
EBIT growth 1Y-54.79%
EBIT growth 3Y15.83%
EBIT growth 5Y12.08%
EBIT Next Year7.68%
EBIT Next 3Y30.37%
EBIT Next 5YN/A
FCF growth 1Y-83.63%
FCF growth 3Y59.94%
FCF growth 5Y10.72%
OCF growth 1Y-60.06%
OCF growth 3Y22.76%
OCF growth 5Y12.18%
SALMAR ASA / SALM.OL FAQ
Can you provide the ChartMill fundamental rating for SALMAR ASA?
ChartMill assigns a fundamental rating of 4 / 10 to SALM.OL.
What is the valuation status of SALMAR ASA (SALM.OL) stock?
ChartMill assigns a valuation rating of 2 / 10 to SALMAR ASA (SALM.OL). This can be considered as Overvalued.
Can you provide the profitability details for SALMAR ASA?
SALMAR ASA (SALM.OL) has a profitability rating of 5 / 10.
Can you provide the financial health for SALM stock?
The financial health rating of SALMAR ASA (SALM.OL) is 3 / 10.
Can you provide the expected EPS growth for SALM stock?
The Earnings per Share (EPS) of SALMAR ASA (SALM.OL) is expected to decline by -36.11% in the next year.