SALMAR ASA (SALM.OL) Fundamental Analysis & Valuation

OSL:SALM • NO0010310956

Current stock price

559 NOK
+13.5 (+2.47%)
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

  • 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.
  • Each year in the past 5 years SALM had a positive operating cash flow.
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

  • Looking at the Return On Assets, with a value of 1.91%, SALM is doing worse than 62.71% of the companies in the same industry.
  • SALM has a Return On Equity of 6.23%. This is comparable to the rest of the industry: SALM outperforms 45.76% of its industry peers.
  • SALM has a Return On Invested Capital of 4.39%. This is comparable to the rest of the industry: SALM outperforms 44.07% of its industry peers.
  • SALM had an Average Return On Invested Capital over the past 3 years of 7.92%. This is in line with the industry average of 7.16%.
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)7.92%
ROIC(5y)8.29%
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

  • SALM has a Profit Margin (4.03%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of SALM has declined.
  • SALM's Operating Margin of 11.15% is fine compared to the rest of the industry. SALM outperforms 72.88% of its industry peers.
  • SALM's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 48.45%, SALM is in the better half of the industry, outperforming 72.88% of the companies in the same industry.
  • In the last couple of years the Gross Margin of SALM has declined.
Industry RankSector Rank
OM 11.15%
PM (TTM) 4.03%
GM 48.45%
OM growth 3Y-21%
OM growth 5Y-12.01%
PM growth 3Y-37.38%
PM growth 5Y-23.43%
GM growth 3Y-2.26%
GM growth 5Y-2.16%
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

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3

2. SALM.OL Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SALM is still creating some value.
  • The number of shares outstanding for SALM has been increased 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.
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 2.08 indicates that SALM is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • SALM has a Altman-Z score of 2.08. This is comparable to the rest of the industry: SALM outperforms 52.54% of its industry peers.
  • SALM has a debt to FCF ratio of 17.79. This is a negative value and a sign of low solvency as SALM would need 17.79 years to pay back of all of its debts.
  • The Debt to FCF ratio of SALM (17.79) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.14 is on the high side and indicates that SALM has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.14, SALM is not doing good in the industry: 77.97% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF 17.79
Altman-Z 2.08
ROIC/WACC0.57
WACC7.72%
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.
  • With a decent Current ratio value of 2.05, SALM is doing good in the industry, outperforming 76.27% of the companies in the same industry.
  • A Quick Ratio of 0.32 indicates that SALM may have some problems paying its short term obligations.
  • The Quick ratio of SALM (0.32) is worse than 94.92% of its industry peers.
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

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. SALM.OL Growth Analysis

3.1 Past

  • SALM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -45.05%.
  • The Earnings Per Share has been decreasing by -8.46% on average over the past years.
  • Looking at the last year, SALM shows a small growth in Revenue. The Revenue has grown by 3.66% in the last 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

  • SALM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 55.64% yearly.
  • The Revenue is expected to grow by 6.24% on average over the next years.
EPS Next Y171.38%
EPS Next 2Y87.61%
EPS Next 3Y55.64%
EPS Next 5YN/A
Revenue Next Year11.45%
Revenue Next 2Y11.35%
Revenue Next 3Y10.2%
Revenue Next 5Y6.24%

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

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4

4. SALM.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 45.60, the valuation of SALM can be described as expensive.
  • Based on the Price/Earnings ratio, SALM is valued a bit more expensive than the industry average as 67.80% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Earnings ratio of 26.77, SALM is valued quite expensively.
  • Based on the Price/Forward Earnings ratio of 16.80, 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 valuation a bit cheaper than the S&P500 average which is at 21.75.
Industry RankSector Rank
PE 45.6
Fwd PE 16.8
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SALM indicates a slightly more expensive valuation: SALM is more expensive than 71.19% of the companies listed in the same industry.
  • SALM's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 57.86
EV/EBITDA 19.27
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 55.64% in the coming years.
PEG (NY)0.27
PEG (5Y)N/A
EPS Next 2Y87.61%
EPS Next 3Y55.64%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. SALM.OL Dividend Analysis

5.1 Amount

  • SALM has a Yearly Dividend Yield of 1.85%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.07, SALM has a dividend in line with its industry peers.
  • SALM's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.85%

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 2Y87.61%
EPS Next 3Y55.64%
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

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SALM.OL Fundamentals: All Metrics, Ratios and Statistics

SALMAR ASA

OSL:SALM (4/30/2026, 7:00:00 PM)

559

+13.5 (+2.47%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Industry StrengthN/A
Industry GrowthN/A
Earnings (Last)02-10
Earnings (Next)05-20
Inst Owners76.48%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap75.80B
Revenue(TTM)27.39B
Net Income(TTM)1.10B
Analysts75.79
Price Target626 (11.99%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.85%
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)1
Avg EPS beat(4)-2.4%
Min EPS beat(4)-47.87%
Max EPS beat(4)104.75%
EPS beat(8)2
Avg EPS beat(8)-6.89%
EPS beat(12)3
Avg EPS beat(12)-19.79%
EPS beat(16)3
Avg EPS beat(16)-20.66%
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)2
Avg Revenue beat(4)-5.38%
Min Revenue beat(4)-11.42%
Max Revenue beat(4)0.87%
Revenue beat(8)3
Avg Revenue beat(8)-3.35%
Revenue beat(12)5
Avg Revenue beat(12)-2.02%
Revenue beat(16)8
Avg Revenue beat(16)-0.85%
PT rev (1m)-0.3%
PT rev (3m)0.84%
EPS NQ rev (1m)1.34%
EPS NQ rev (3m)-39.4%
EPS NY rev (1m)-2.38%
EPS NY rev (3m)-9.71%
Revenue NQ rev (1m)3.08%
Revenue NQ rev (3m)-8.45%
Revenue NY rev (1m)-1.82%
Revenue NY rev (3m)-4.36%
Valuation
Industry RankSector Rank
PE 45.6
Fwd PE 16.8
P/S 2.77
P/FCF 57.86
P/OCF 23.25
P/B 4.27
P/tB N/A
EV/EBITDA 19.27
EPS(TTM)12.26
EY2.19%
EPS(NY)33.27
Fwd EY5.95%
FCF(TTM)9.66
FCFY1.73%
OCF(TTM)24.04
OCFY4.3%
SpS202.02
BVpS130.86
TBVpS-35
PEG (NY)0.27
PEG (5Y)N/A
Graham Number189.996 (-66.01%)
Profitability
Industry RankSector Rank
ROA 1.91%
ROE 6.23%
ROCE 6.26%
ROIC 4.39%
ROICexc 4.46%
ROICexgc 8.38%
OM 11.15%
PM (TTM) 4.03%
GM 48.45%
FCFM 4.78%
ROA(3y)4.46%
ROA(5y)5.6%
ROE(3y)12.96%
ROE(5y)15.15%
ROIC(3y)7.92%
ROIC(5y)8.29%
ROICexc(3y)8.05%
ROICexc(5y)8.54%
ROICexgc(3y)14.27%
ROICexgc(5y)14.75%
ROCE(3y)11.57%
ROCE(5y)11.99%
ROICexgc growth 3Y-16.19%
ROICexgc growth 5Y-16.41%
ROICexc growth 3Y-17.13%
ROICexc growth 5Y-17.7%
OM growth 3Y-21%
OM growth 5Y-12.01%
PM growth 3Y-37.38%
PM growth 5Y-23.43%
GM growth 3Y-2.26%
GM growth 5Y-2.16%
F-Score5
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF 17.79
Debt/EBITDA 4.05
Cap/Depr 99.8%
Cap/Sales 7.12%
Interest Coverage 2.15
Cash Conversion 65.1%
Profit Quality 118.55%
Current Ratio 2.05
Quick Ratio 0.32
Altman-Z 2.08
F-Score5
WACC7.72%
ROIC/WACC0.57
Cap/Depr(3y)136.19%
Cap/Depr(5y)184.17%
Cap/Sales(3y)8.41%
Cap/Sales(5y)10.44%
Profit Quality(3y)143.19%
Profit Quality(5y)104.05%
High Growth Momentum
Growth
EPS 1Y (TTM)-45.05%
EPS 3Y-20.87%
EPS 5Y-8.46%
EPS Q2Q%-9.03%
EPS Next Y171.38%
EPS Next 2Y87.61%
EPS Next 3Y55.64%
EPS Next 5YN/A
Revenue 1Y (TTM)3.66%
Revenue growth 3Y10.76%
Revenue growth 5Y16.23%
Sales Q2Q%3.81%
Revenue Next Year11.45%
Revenue Next 2Y11.35%
Revenue Next 3Y10.2%
Revenue Next 5Y6.24%
EBIT growth 1Y-41.72%
EBIT growth 3Y-12.5%
EBIT growth 5Y2.27%
EBIT Next Year158.3%
EBIT Next 3Y48.76%
EBIT Next 5YN/A
FCF growth 1Y-53.2%
FCF growth 3Y-15.05%
FCF growth 5YN/A
OCF growth 1Y-39.42%
OCF growth 3Y-10.79%
OCF growth 5Y0.51%

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 45.6 and the Price/Book (PB) ratio is 4.27.


How financially healthy is SALMAR ASA?

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