SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - OSL:SALM - NO0010310956 - Common Stock
569.5 NOK
-9.5 (-1.64%)
Overall SALM gets a fundamental rating of 4 out of 10. We evaluated SALM against 55 industry peers in the Food Products industry. SALM has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
In the past 5 years SALM has always been profitable.
SALM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of SALM (2.04%) is comparable to the rest of the industry.
SALM's Return On Equity of 7.00% is in line compared to the rest of the industry. SALM outperforms 47.37% of its industry peers.
SALM has a Return On Invested Capital of 2.74%. This is in the lower half of the industry: SALM underperforms 68.42% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SALM is in line with the industry average of 6.93%.
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 has a Profit Margin (4.36%) which is in line with its industry peers.
SALM's Profit Margin has declined in the last couple of years.
SALM has a better Operating Margin (8.93%) than 64.91% of its industry peers.
In the last couple of years the Operating Margin of SALM has declined.
With a decent Gross Margin value of 46.22%, SALM is doing good in the industry, outperforming 66.67% of the companies in the same industry.
SALM's Gross Margin has been stable in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SALM is destroying value.
Compared to 1 year ago, SALM has about the same amount of shares outstanding.
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
SALM has an Altman-Z score of 2.07. 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.
SALM has a Altman-Z score (2.07) which is comparable to the rest of the 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.
Looking at the Debt to FCF ratio, with a value of 25.07, SALM is doing worse than 64.91% of the companies in the same industry.
A Debt/Equity ratio of 1.31 is on the high side and indicates that SALM has dependencies on debt financing.
The Debt to Equity ratio of SALM (1.31) is worse than 82.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 25.07 | ||
| Altman-Z | 2.07 |
ROIC/WACC0.36
WACC7.68%
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.
The Current ratio of SALM (2.18) is better than 80.70% of its industry peers.
A Quick Ratio of 0.37 indicates that SALM may have some problems paying its short term obligations.
SALM has a Quick ratio of 0.37. This is amonst the worse of the industry: SALM underperforms 87.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.18 | ||
| Quick Ratio | 0.37 |
3. Growth
3.1 Past
SALM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 75.12%, which is quite impressive.
The Earnings Per Share has been decreasing by -0.01% on average over the past years.
The Revenue has been growing slightly by 1.97% in the past year.
The Revenue has been growing by 16.65% on average over the past years. This is quite good.
EPS 1Y (TTM)75.12%
EPS 3Y7.44%
EPS 5Y-0.01%
EPS Q2Q%4.55%
Revenue 1Y (TTM)1.97%
Revenue growth 3Y20.66%
Revenue growth 5Y16.65%
Sales Q2Q%27.48%
3.2 Future
SALM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.21% yearly.
SALM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.39% yearly.
EPS Next Y-36.02%
EPS Next 2Y28.02%
EPS Next 3Y25.21%
EPS Next 5YN/A
Revenue Next Year9.85%
Revenue Next 2Y13.45%
Revenue Next 3Y12.13%
Revenue Next 5Y11.39%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 25.53, SALM can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of SALM indicates a slightly more expensive valuation: SALM is more expensive than 64.91% of the companies listed in the same industry.
SALM's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.89.
Based on the Price/Forward Earnings ratio of 15.58, the valuation of SALM can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SALM is on the same level as its industry peers.
SALM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.53 | ||
| Fwd PE | 15.58 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SALM is valued a bit more expensive than 75.44% of the companies in the same industry.
SALM's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. SALM is more expensive than 63.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 80.32 | ||
| EV/EBITDA | 23.15 |
4.3 Compensation for Growth
SALM's earnings are expected to grow with 25.21% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.02%
EPS Next 3Y25.21%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.80%, SALM has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.31, SALM pays a better dividend. On top of this SALM pays more dividend than 80.70% of the companies listed in the same industry.
SALM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.8% |
5.2 History
The dividend of SALM is nicely growing with an annual growth rate of 8.89%!
Dividend Growth(5Y)8.89%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
429.58% of the earnings are spent on dividend by SALM. 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 2Y28.02%
EPS Next 3Y25.21%
OSL:SALM (11/14/2025, 7:00:00 PM)
569.5
-9.5 (-1.64%)
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 Cap77.10B
Revenue(TTM)27.09B
Net Income(TTM)1.18B
Analysts73.33
Price Target591.29 (3.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.8% |
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)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
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)4.13%
PT rev (3m)7.86%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-32.03%
EPS NY rev (1m)-11.39%
EPS NY rev (3m)-59.02%
Revenue NQ rev (1m)-0.38%
Revenue NQ rev (3m)5.06%
Revenue NY rev (1m)1.06%
Revenue NY rev (3m)-4.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.53 | ||
| Fwd PE | 15.58 | ||
| P/S | 2.85 | ||
| P/FCF | 80.32 | ||
| P/OCF | 25.48 | ||
| P/B | 4.57 | ||
| P/tB | N/A | ||
| EV/EBITDA | 23.15 |
EPS(TTM)22.31
EY3.92%
EPS(NY)36.56
Fwd EY6.42%
FCF(TTM)7.09
FCFY1.25%
OCF(TTM)22.35
OCFY3.92%
SpS200.12
BVpS124.5
TBVpS-41
PEG (NY)N/A
PEG (5Y)N/A
Graham Number249.99
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 | 2.07 |
F-Score4
WACC7.68%
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)75.12%
EPS 3Y7.44%
EPS 5Y-0.01%
EPS Q2Q%4.55%
EPS Next Y-36.02%
EPS Next 2Y28.02%
EPS Next 3Y25.21%
EPS Next 5YN/A
Revenue 1Y (TTM)1.97%
Revenue growth 3Y20.66%
Revenue growth 5Y16.65%
Sales Q2Q%27.48%
Revenue Next Year9.85%
Revenue Next 2Y13.45%
Revenue Next 3Y12.13%
Revenue Next 5Y11.39%
EBIT growth 1Y-54.79%
EBIT growth 3Y15.83%
EBIT growth 5Y12.08%
EBIT Next Year17.86%
EBIT Next 3Y28.69%
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 -36.02% in the next year.