SALMAR ASA (SALM.OL) Fundamental Analysis & Valuation

OSL:SALM • NO0010310956

Current stock price

577.5 NOK
-0.5 (-0.09%)
Last:

This SALM.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. SALM.OL Profitability Analysis

1.1 Basic Checks

  • In the past year SALM was profitable.
  • SALM had a positive operating cash flow in the past year.
  • Each year in the past 5 years SALM has been profitable.
  • SALM had a positive operating cash flow in each of the past 5 years.
SALM.OL Yearly Net Income VS EBIT VS OCF VS FCFSALM.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B

1.2 Ratios

  • SALM has a Return On Assets of 1.91%. This is in the lower half of the industry: SALM underperforms 62.30% of its industry peers.
  • SALM has a Return On Equity (6.23%) which is in line with its industry peers.
  • SALM's Return On Invested Capital of 4.39% is in line compared to the rest of the industry. SALM outperforms 44.26% of its industry peers.
  • SALM had an Average Return On Invested Capital over the past 3 years of 8.04%. This is in line with the industry average of 7.13%.
Industry RankSector Rank
ROA 1.91%
ROE 6.23%
ROIC 4.39%
ROA(3y)4.46%
ROA(5y)5.6%
ROE(3y)12.96%
ROE(5y)15.15%
ROIC(3y)8.04%
ROIC(5y)8.36%
SALM.OL Yearly ROA, ROE, ROICSALM.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • The Profit Margin of SALM (4.03%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of SALM has declined.
  • With a decent Operating Margin value of 11.15%, SALM is doing good in the industry, outperforming 73.77% of the companies in the same industry.
  • SALM's Operating Margin has declined in the last couple of years.
  • The Gross Margin of SALM (48.45%) is better than 80.33% of its industry peers.
  • SALM's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 11.15%
PM (TTM) 4.03%
GM 48.45%
OM growth 3Y-22.21%
OM growth 5Y-12.82%
PM growth 3Y-37.38%
PM growth 5Y-23.43%
GM growth 3Y-2.57%
GM growth 5Y-2.34%
SALM.OL Yearly Profit, Operating, Gross MarginsSALM.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

3

2. SALM.OL Health Analysis

2.1 Basic Checks

  • SALM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, SALM has more 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.
SALM.OL Yearly Shares OutstandingSALM.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
SALM.OL Yearly Total Debt VS Total AssetsSALM.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • An Altman-Z score of 2.16 indicates that SALM is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.16, SALM is in line with its industry, outperforming 50.82% of the companies in the same industry.
  • The Debt to FCF ratio of SALM is 18.56, which is on the high side as it means it would take SALM, 18.56 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 18.56, SALM is in line with its industry, outperforming 45.90% of the companies in the same industry.
  • A Debt/Equity ratio of 1.14 is on the high side and indicates that SALM has dependencies on debt financing.
  • SALM's Debt to Equity ratio of 1.14 is on the low side compared to the rest of the industry. SALM is outperformed by 80.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF 18.56
Altman-Z 2.16
ROIC/WACC0.57
WACC7.75%
SALM.OL Yearly LT Debt VS Equity VS FCFSALM.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 2.05 indicates that SALM has no problem at all paying its short term obligations.
  • The Current ratio of SALM (2.05) is better than 78.69% of its industry peers.
  • A Quick Ratio of 0.32 indicates that SALM may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.32, SALM is doing worse than 95.08% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.05
Quick Ratio 0.32
SALM.OL Yearly Current Assets VS Current LiabilitesSALM.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

4

3. SALM.OL Growth Analysis

3.1 Past

  • The earnings per share for SALM have decreased strongly by -45.05% in the last year.
  • The Earnings Per Share has been decreasing by -8.46% on average over the past years.
  • The Revenue has been growing slightly by 3.66% in the past year.
  • SALM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.23% yearly.
EPS 1Y (TTM)-45.05%
EPS 3Y-20.87%
EPS 5Y-8.46%
EPS Q2Q%-9.03%
Revenue 1Y (TTM)3.66%
Revenue growth 3Y10.76%
Revenue growth 5Y16.23%
Sales Q2Q%3.81%

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 57.34% on average per year.
  • The Revenue is expected to grow by 6.57% on average over the next years.
EPS Next Y177.99%
EPS Next 2Y87.12%
EPS Next 3Y57.34%
EPS Next 5YN/A
Revenue Next Year12.21%
Revenue Next 2Y11.6%
Revenue Next 3Y10.57%
Revenue Next 5Y6.57%

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.
SALM.OL Yearly Revenue VS EstimatesSALM.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
SALM.OL Yearly EPS VS EstimatesSALM.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10 20 30 40

4

4. SALM.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 47.10, the valuation of SALM can be described as expensive.
  • SALM's Price/Earnings ratio is a bit more expensive when compared to the industry. SALM is more expensive than 72.13% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of SALM to the average of the S&P500 Index (26.21), we can say SALM is valued expensively.
  • SALM is valuated correctly with a Price/Forward Earnings ratio of 16.94.
  • SALM's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 23.13. SALM is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 47.1
Fwd PE 16.94
SALM.OL Price Earnings VS Forward Price EarningsSALM.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 70.49% of the companies in the same industry are cheaper than SALM, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SALM is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 62.35
EV/EBITDA 20.15
SALM.OL Per share dataSALM.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100 150 200

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as SALM's earnings are expected to grow with 57.34% in the coming years.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y87.12%
EPS Next 3Y57.34%

4

5. SALM.OL Dividend Analysis

5.1 Amount

  • SALM has a Yearly Dividend Yield of 1.82%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.95, SALM has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, SALM has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.82%

5.2 History

  • The dividend of SALM is nicely growing with an annual growth rate of 11.36%!
Dividend Growth(5Y)11.36%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 273.67% of the earnings are spent on dividend by SALM. This is not a sustainable payout ratio.
  • SALM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP273.67%
EPS Next 2Y87.12%
EPS Next 3Y57.34%
SALM.OL Yearly Income VS Free CF VS DividendSALM.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B
SALM.OL Dividend Payout.SALM.OL Dividend Payout, showing the Payout Ratio.SALM.OL Dividend Payout.PayoutRetained Earnings

SALM.OL Fundamentals: All Metrics, Ratios and Statistics

SALMAR ASA

OSL:SALM (4/7/2026, 11:28:09 AM)

577.5

-0.5 (-0.09%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)02-10
Earnings (Next)05-20
Inst Owners76.01%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap78.31B
Revenue(TTM)27.39B
Net Income(TTM)1.10B
Analysts75.79
Price Target627.86 (8.72%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.82%
Yearly Dividend22.63
Dividend Growth(5Y)11.36%
DP273.67%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-34.15%
Min EPS beat(2)-47.87%
Max EPS beat(2)-20.42%
EPS beat(4)0
Avg EPS beat(4)-34.64%
Min EPS beat(4)-47.87%
Max EPS beat(4)-20.42%
EPS beat(8)1
Avg EPS beat(8)-23.01%
EPS beat(12)2
Avg EPS beat(12)-30.53%
EPS beat(16)2
Avg EPS beat(16)-28.72%
Revenue beat(2)0
Avg Revenue beat(2)-11.27%
Min Revenue beat(2)-11.42%
Max Revenue beat(2)-11.12%
Revenue beat(4)1
Avg Revenue beat(4)-12.94%
Min Revenue beat(4)-30.08%
Max Revenue beat(4)0.87%
Revenue beat(8)2
Avg Revenue beat(8)-7.13%
Revenue beat(12)4
Avg Revenue beat(12)-4.54%
Revenue beat(16)7
Avg Revenue beat(16)-2.74%
PT rev (1m)0%
PT rev (3m)1.14%
EPS NQ rev (1m)-0.61%
EPS NQ rev (3m)-36.18%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.06%
Revenue NQ rev (1m)-0.21%
Revenue NQ rev (3m)-10.51%
Revenue NY rev (1m)-1.15%
Revenue NY rev (3m)-3.71%
Valuation
Industry RankSector Rank
PE 47.1
Fwd PE 16.94
P/S 2.86
P/FCF 62.35
P/OCF 24.54
P/B 4.41
P/tB N/A
EV/EBITDA 20.15
EPS(TTM)12.26
EY2.12%
EPS(NY)34.08
Fwd EY5.9%
FCF(TTM)9.26
FCFY1.6%
OCF(TTM)23.53
OCFY4.07%
SpS202.02
BVpS130.86
TBVpS-34.4
PEG (NY)0.26
PEG (5Y)N/A
Graham Number190
Profitability
Industry RankSector Rank
ROA 1.91%
ROE 6.23%
ROCE 6.26%
ROIC 4.39%
ROICexc 4.46%
ROICexgc 8.36%
OM 11.15%
PM (TTM) 4.03%
GM 48.45%
FCFM 4.58%
ROA(3y)4.46%
ROA(5y)5.6%
ROE(3y)12.96%
ROE(5y)15.15%
ROIC(3y)8.04%
ROIC(5y)8.36%
ROICexc(3y)8.16%
ROICexc(5y)8.61%
ROICexgc(3y)14.74%
ROICexgc(5y)15.03%
ROCE(3y)11.47%
ROCE(5y)11.93%
ROICexgc growth 3Y-14.99%
ROICexgc growth 5Y-15.69%
ROICexc growth 3Y-17.02%
ROICexc growth 5Y-17.63%
OM growth 3Y-22.21%
OM growth 5Y-12.82%
PM growth 3Y-37.38%
PM growth 5Y-23.43%
GM growth 3Y-2.57%
GM growth 5Y-2.34%
F-Score5
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF 18.56
Debt/EBITDA 4.05
Cap/Depr 99.03%
Cap/Sales 7.06%
Interest Coverage 2.15
Cash Conversion 63.71%
Profit Quality 113.67%
Current Ratio 2.05
Quick Ratio 0.32
Altman-Z 2.16
F-Score5
WACC7.75%
ROIC/WACC0.57
Cap/Depr(3y)135.93%
Cap/Depr(5y)184.02%
Cap/Sales(3y)8.39%
Cap/Sales(5y)10.43%
Profit Quality(3y)141.56%
Profit Quality(5y)103.07%
High Growth Momentum
Growth
EPS 1Y (TTM)-45.05%
EPS 3Y-20.87%
EPS 5Y-8.46%
EPS Q2Q%-9.03%
EPS Next Y177.99%
EPS Next 2Y87.12%
EPS Next 3Y57.34%
EPS Next 5YN/A
Revenue 1Y (TTM)3.66%
Revenue growth 3Y10.76%
Revenue growth 5Y16.23%
Sales Q2Q%3.81%
Revenue Next Year12.21%
Revenue Next 2Y11.6%
Revenue Next 3Y10.57%
Revenue Next 5Y6.57%
EBIT growth 1Y-41.7%
EBIT growth 3Y-13.83%
EBIT growth 5Y1.33%
EBIT Next Year164.34%
EBIT Next 3Y50.15%
EBIT Next 5YN/A
FCF growth 1Y-55.13%
FCF growth 3Y-16.23%
FCF growth 5YN/A
OCF growth 1Y-40.7%
OCF growth 3Y-11.42%
OCF growth 5Y0.08%

SALMAR ASA / SALM.OL Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for SALMAR ASA?

ChartMill assigns a fundamental rating of 4 / 10 to SALM.OL.


Can you provide the valuation status for SALMAR ASA?

ChartMill assigns a valuation rating of 4 / 10 to SALMAR ASA (SALM.OL). This can be considered as Fairly Valued.


What is the profitability of SALM stock?

SALMAR ASA (SALM.OL) has a profitability rating of 4 / 10.


What are the PE and PB ratios of SALMAR ASA (SALM.OL) stock?

The Price/Earnings (PE) ratio for SALMAR ASA (SALM.OL) is 47.1 and the Price/Book (PB) ratio is 4.41.


How financially healthy is SALMAR ASA?

The financial health rating of SALMAR ASA (SALM.OL) is 3 / 10.