SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:SALM - NO0010310956 - Common Stock
591 NOK
-1.5 (-0.25%)
Overall SALM gets a fundamental rating of 4 out of 10. We evaluated SALM against 59 industry peers in the Food Products industry. There are concerns on the financial health of SALM while its profitability can be described as average. 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.
SALM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SALM's Return On Assets of 2.04% is in line compared to the rest of the industry. SALM outperforms 40.68% of its industry peers.
SALM has a Return On Equity of 7.00%. This is comparable to the rest of the industry: SALM outperforms 49.15% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.74%, SALM is doing worse than 66.10% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SALM is in line with the industry average of 7.13%.
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
Looking at the Profit Margin, with a value of 4.36%, SALM is in line with its industry, outperforming 59.32% of the companies in the same industry.
In the last couple of years the Profit Margin of SALM has declined.
With a decent Operating Margin value of 8.93%, SALM is doing good in the industry, outperforming 64.41% of the companies in the same industry.
SALM's Operating Margin has declined in the last couple of years.
The Gross Margin of SALM (46.22%) is better than 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.
The number of shares outstanding for SALM has been increased compared to 5 years ago.
SALM has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.11 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 2.11. This is comparable 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.
Looking at the Debt to FCF ratio, with a value of 25.07, SALM is doing worse than 62.71% 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 81.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 25.07 | ||
| Altman-Z | 2.11 |
ROIC/WACC0.36
WACC7.71%
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.
With a decent Current ratio value of 2.18, SALM is doing good in the industry, outperforming 79.66% of the companies in the same industry.
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 86.44% of its industry peers.
| 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.
Measured over the past years, SALM shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.01% on average per year.
Looking at the last year, SALM shows a small growth in Revenue. The Revenue has grown by 1.97% in the last year.
Measured over the past years, SALM shows a quite strong growth in Revenue. The Revenue has been growing by 16.65% on average per year.
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
Based on estimates for the next years, SALM will show a very strong growth in Earnings Per Share. The EPS will grow by 25.21% on average per year.
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
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 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
Based on the Price/Earnings ratio of 45.74, the valuation of SALM can be described as expensive.
Based on the Price/Earnings ratio, SALM is valued a bit more expensive than 69.49% of the companies in the same industry.
SALM is valuated expensively when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 16.16, 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.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.59, SALM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.74 | ||
| Fwd PE | 16.16 |
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 72.88% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, SALM is valued a bit more expensive than the industry average as 61.02% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 83.35 | ||
| EV/EBITDA | 23.84 |
4.3 Compensation for Growth
A more expensive valuation may be justified as SALM's earnings are expected to grow with 25.21% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.02%
EPS Next 3Y25.21%
5. Dividend
5.1 Amount
SALM has a Yearly Dividend Yield of 3.85%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.35, SALM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, SALM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
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.
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 (11/28/2025, 7:00:00 PM)
591
-1.5 (-0.25%)
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 Cap80.02B
Revenue(TTM)27.09B
Net Income(TTM)1.18B
Analysts73.33
Price Target614.32 (3.95%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
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)8.19%
PT rev (3m)13.33%
EPS NQ rev (1m)0.33%
EPS NQ rev (3m)-19.35%
EPS NY rev (1m)-11.39%
EPS NY rev (3m)-19.19%
Revenue NQ rev (1m)-2.62%
Revenue NQ rev (3m)-3.38%
Revenue NY rev (1m)1.06%
Revenue NY rev (3m)-1.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.74 | ||
| Fwd PE | 16.16 | ||
| P/S | 2.95 | ||
| P/FCF | 83.35 | ||
| P/OCF | 26.44 | ||
| P/B | 4.75 | ||
| P/tB | N/A | ||
| EV/EBITDA | 23.84 |
EPS(TTM)12.92
EY2.19%
EPS(NY)36.56
Fwd EY6.19%
FCF(TTM)7.09
FCFY1.2%
OCF(TTM)22.35
OCFY3.78%
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 | 2.11 |
F-Score4
WACC7.71%
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-36.02%
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 2 / 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.