SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:SALM - NO0010310956 - Common Stock
604 NOK
-3 (-0.49%)
SALM gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 59 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 quite expensive at the moment. 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.
In the past 5 years SALM always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 2.04%, SALM perfoms like the industry average, outperforming 40.68% of the companies in the same industry.
SALM's Return On Equity of 7.00% is in line compared to the rest of the industry. SALM outperforms 47.46% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.74%, SALM is doing worse than 69.49% of the companies in the same industry.
SALM had an Average Return On Invested Capital over the past 3 years of 7.18%. This is in line with the industry average of 6.47%.
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.
In the last couple of years the Profit Margin of SALM has declined.
SALM has a better Operating Margin (8.93%) than 62.71% of its industry peers.
SALM's Operating Margin has declined in the last couple of years.
SALM's Gross Margin of 46.22% is fine compared to the rest of the industry. SALM outperforms 67.80% of its industry peers.
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.
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.
The debt/assets ratio for SALM is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.14 indicates that SALM is not a great score, but indicates only limited risk for bankruptcy at the moment.
SALM's Altman-Z score of 2.14 is in line compared to the rest of the industry. SALM outperforms 52.54% of its industry peers.
The Debt to FCF ratio of SALM is 25.07, which is on the high side as it means it would take SALM, 25.07 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of SALM (25.07) is worse than 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.
With a Debt to Equity ratio value of 1.31, SALM is not doing good in the industry: 83.05% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 25.07 | ||
| Altman-Z | 2.14 |
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.
Looking at the Quick ratio, with a value of 0.37, SALM is doing worse than 86.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.18 | ||
| Quick Ratio | 0.37 |
3. Growth
3.1 Past
SALM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -37.35%.
SALM shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.01% yearly.
The Revenue has been growing slightly by 1.97% in the past year.
SALM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.65% yearly.
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
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
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 46.75.
Based on the Price/Earnings ratio, SALM is valued a bit more expensive than 71.19% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.76, SALM is valued quite expensively.
A Price/Forward Earnings ratio of 16.90 indicates a correct valuation of SALM.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SALM indicates a slightly more expensive valuation: SALM is more expensive than 61.02% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.96. SALM is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.75 | ||
| Fwd PE | 16.9 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SALM is valued a bit more expensive than 76.27% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SALM is valued a bit more expensive than 64.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 85.18 | ||
| EV/EBITDA | 24.32 |
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%. Purely for dividend investing, there may be better candidates out there.
SALM's Dividend Yield is a higher than the industry average which is at 3.35.
Compared to an average S&P500 Dividend Yield of 2.31, SALM pays a better dividend.
| 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
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 2Y26.56%
EPS Next 3Y24.68%
OSL:SALM (12/11/2025, 4:25:15 PM)
604
-3 (-0.49%)
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 | 3.62% |
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)0.33%
EPS NQ rev (3m)-1.04%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)-19.31%
Revenue NQ rev (1m)-3.99%
Revenue NQ rev (3m)-6.71%
Revenue NY rev (1m)-2.64%
Revenue NY rev (3m)-4.16%
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 | 24.32 |
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 1 / 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.