SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:SALM - NO0010310956 - Common Stock
607.5 NOK
-10.5 (-1.7%)
SALM gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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. While showing a medium growth rate, SALM is valued expensive at the moment.
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.
SALM had positive earnings in each of the past 5 years.
Each year in the past 5 years SALM had a positive operating cash flow.
1.2 Ratios
SALM has a Return On Assets (2.04%) which is comparable to the rest of the industry.
SALM has a Return On Equity (7.00%) which is comparable to the rest of the industry.
SALM has a worse Return On Invested Capital (2.74%) than 65.57% 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 7.37%.
The 3 year average ROIC (7.18%) for SALM is well above the current ROIC(2.74%). The reason for the recent decline needs to be investigated.
| 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 has a Profit Margin of 4.36%. This is in the better half of the industry: SALM outperforms 60.66% of its industry peers.
In the last couple of years the Profit Margin of SALM has declined.
SALM has a better Operating Margin (8.93%) than 62.30% of its industry peers.
SALM's Operating Margin has declined in the last couple of years.
SALM has a Gross Margin of 46.22%. This is in the better half of the industry: SALM outperforms 68.85% 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.
The number of shares outstanding for SALM has been increased compared to 5 years ago.
Compared to 1 year ago, SALM has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.15 indicates that SALM is not a great score, but indicates only limited risk for bankruptcy at the moment.
SALM has a Altman-Z score (2.15) which is in line with its industry peers.
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 worse Debt to FCF ratio (25.07) than 60.66% 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.
With a Debt to Equity ratio value of 1.31, SALM is not doing good in the industry: 80.33% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 25.07 | ||
| Altman-Z | 2.15 |
ROIC/WACC0.35
WACC7.73%
2.3 Liquidity
SALM has a Current Ratio of 2.18. This indicates that SALM is financially healthy and has no problem in meeting its short term obligations.
SALM's Current ratio of 2.18 is amongst the best of the industry. SALM outperforms 80.33% of its industry peers.
SALM has a Quick Ratio of 2.18. This is a bad value and indicates that SALM is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.37, SALM is doing worse than 85.25% of the companies in the same industry.
| 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.
The Earnings Per Share has been decreasing by -0.01% on average over the past years.
SALM shows a small growth in Revenue. In the last year, the Revenue has grown by 1.97%.
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
The Earnings Per Share is expected to grow by 24.68% on average over the next years. This is a very strong growth
SALM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.49% yearly.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
SALM is valuated quite expensively with a Price/Earnings ratio of 47.02.
67.21% of the companies in the same industry are cheaper than SALM, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of SALM to the average of the S&P500 Index (26.59), we can say SALM is valued expensively.
Based on the Price/Forward Earnings ratio of 17.00, the valuation of SALM can be described as rather expensive.
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 24.03, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.02 | ||
| Fwd PE | 17 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SALM is valued a bit more expensive than the industry average as 72.13% of the companies are valued more cheaply.
The rest of the industry has a similar Price/Free Cash Flow ratio as SALM.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 85.68 | ||
| EV/EBITDA | 24.33 |
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 3.62%.
SALM's Dividend Yield is a higher than the industry average which is at 2.34.
SALM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.62% |
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.
SALM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP429.58%
EPS Next 2Y26.56%
EPS Next 3Y24.68%
OSL:SALM (12/23/2025, 7:00:00 PM)
607.5
-10.5 (-1.7%)
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 Cap82.25B
Revenue(TTM)27.09B
Net Income(TTM)1.18B
Analysts75.56
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.62% |
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%
EPS NQ rev (3m)10.48%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)-19.31%
Revenue NQ rev (1m)-1.78%
Revenue NQ rev (3m)-4.3%
Revenue NY rev (1m)-2.64%
Revenue NY rev (3m)-3.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.02 | ||
| Fwd PE | 17 | ||
| P/S | 3.04 | ||
| P/FCF | 85.68 | ||
| P/OCF | 27.18 | ||
| P/B | 4.88 | ||
| P/tB | N/A | ||
| EV/EBITDA | 24.33 |
EPS(TTM)12.92
EY2.13%
EPS(NY)35.73
Fwd EY5.88%
FCF(TTM)7.09
FCFY1.17%
OCF(TTM)22.35
OCFY3.68%
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 | 2.15 |
F-Score4
WACC7.73%
ROIC/WACC0.35
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.