SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - OSL:SALM - NO0010310956 - Common Stock
560.5 NOK
-2.5 (-0.44%)
Overall SALM gets a fundamental rating of 4 out of 10. We evaluated SALM against 58 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. SALM also has an excellent dividend rating.
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.
SALM had positive earnings in each of the past 5 years.
Each year in the past 5 years SALM had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 2.08%, SALM is not doing good in the industry: 60.34% of the companies in the same industry are doing better.
With a Return On Equity value of 7.34%, SALM perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
The Return On Invested Capital of SALM (3.33%) is worse than 65.52% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SALM is in line with the industry average of 7.05%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 7.34% | ||
| ROIC | 3.33% |
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
With a decent Profit Margin value of 4.57%, SALM is doing good in the industry, outperforming 60.34% of the companies in the same industry.
SALM's Profit Margin has declined in the last couple of years.
The Operating Margin of SALM (10.66%) is better than 68.97% of its industry peers.
In the last couple of years the Operating Margin of SALM has declined.
With a decent Gross Margin value of 49.66%, SALM is doing good in the industry, outperforming 70.69% 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 | 10.66% | ||
| PM (TTM) | 4.57% | ||
| GM | 49.66% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SALM is destroying value.
The number of shares outstanding for SALM remains at a similar level compared to 1 year ago.
Compared to 5 years ago, SALM has more shares outstanding
SALM has a worse debt/assets ratio than last year.
2.2 Solvency
SALM has an Altman-Z score of 2.05. 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 of 2.05. This is comparable to the rest of the industry: SALM outperforms 48.28% of its industry peers.
A Debt/Equity ratio of 1.26 is on the high side and indicates that SALM has dependencies on debt financing.
SALM has a worse Debt to Equity ratio (1.26) than 79.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.26 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.05 |
ROIC/WACC0.44
WACC7.63%
2.3 Liquidity
SALM has a Current Ratio of 1.75. This is a normal value and indicates that SALM is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.75, SALM is in the better half of the industry, outperforming 68.97% of the companies in the same industry.
A Quick Ratio of 0.27 indicates that SALM may have some problems paying its short term obligations.
SALM has a worse Quick ratio (0.27) than 94.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 0.27 |
3. Growth
3.1 Past
SALM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.06%.
SALM shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.01% yearly.
Looking at the last year, SALM shows a decrease in Revenue. The Revenue has decreased by -9.03% 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)-38.06%
EPS 3Y7.44%
EPS 5Y-0.01%
EPS Q2Q%-69.71%
Revenue 1Y (TTM)-9.03%
Revenue growth 3Y20.66%
Revenue growth 5Y16.65%
Sales Q2Q%5.77%
3.2 Future
The Earnings Per Share is expected to grow by 22.87% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 11.39% on average over the next years. This is quite good.
EPS Next Y-20.82%
EPS Next 2Y25.77%
EPS Next 3Y22.87%
EPS Next 5YN/A
Revenue Next Year10.3%
Revenue Next 2Y12.63%
Revenue Next 3Y11.49%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 38.90 indicates a quite expensive valuation of SALM.
SALM's Price/Earnings ratio is a bit more expensive when compared to the industry. SALM is more expensive than 65.52% of the companies in the same industry.
When comparing the Price/Earnings ratio of SALM to the average of the S&P500 Index (27.20), we can say SALM is valued slightly more expensively.
A Price/Forward Earnings ratio of 15.88 indicates a correct valuation of SALM.
SALM's Price/Forward Earnings is on the same level as the industry average.
SALM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.9 | ||
| Fwd PE | 15.88 |
4.2 Price Multiples
79.31% of the companies in the same industry are cheaper than SALM, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 21.44 |
4.3 Compensation for Growth
SALM's earnings are expected to grow with 22.87% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.77%
EPS Next 3Y22.87%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.01%, SALM is a good candidate for dividend investing.
SALM's Dividend Yield is a higher than the industry average which is at 3.27.
SALM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
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
7.41% of the earnings are spent on dividend by SALM. This is a low number and sustainable payout ratio.
SALM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP7.41%
EPS Next 2Y25.77%
EPS Next 3Y22.87%
OSL:SALM (9/18/2025, 1:44:28 PM)
560.5
-2.5 (-0.44%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners74.57%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap75.89B
Analysts74.44
Price Target561.71 (0.22%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
Yearly Dividend35.51
Dividend Growth(5Y)8.89%
DP7.41%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)29.34%
Min EPS beat(2)-46.06%
Max EPS beat(2)104.75%
EPS beat(4)2
Avg EPS beat(4)12.2%
Min EPS beat(4)-46.06%
Max EPS beat(4)104.75%
EPS beat(8)2
Avg EPS beat(8)-3.03%
EPS beat(12)3
Avg EPS beat(12)-15.4%
EPS beat(16)3
Avg EPS beat(16)-19.18%
Revenue beat(2)2
Avg Revenue beat(2)0.51%
Min Revenue beat(2)0.15%
Max Revenue beat(2)0.87%
Revenue beat(4)2
Avg Revenue beat(4)-0.86%
Min Revenue beat(4)-4.35%
Max Revenue beat(4)0.87%
Revenue beat(8)4
Avg Revenue beat(8)-1.28%
Revenue beat(12)6
Avg Revenue beat(12)-0.13%
Revenue beat(16)9
Avg Revenue beat(16)0.69%
PT rev (1m)2.46%
PT rev (3m)0%
EPS NQ rev (1m)-70.44%
EPS NQ rev (3m)-70.04%
EPS NY rev (1m)-49.29%
EPS NY rev (3m)-49.29%
Revenue NQ rev (1m)-6.53%
Revenue NQ rev (3m)-0.18%
Revenue NY rev (1m)-3.89%
Revenue NY rev (3m)-6.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.9 | ||
| Fwd PE | 15.88 | ||
| P/S | 2.99 | ||
| P/FCF | N/A | ||
| P/OCF | 48.12 | ||
| P/B | 4.8 | ||
| P/tB | N/A | ||
| EV/EBITDA | 21.44 |
EPS(TTM)14.41
EY2.57%
EPS(NY)35.29
Fwd EY6.3%
FCF(TTM)-7.21
FCFYN/A
OCF(TTM)11.65
OCFY2.08%
SpS187.62
BVpS116.74
TBVpS-35.87
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 7.34% | ||
| ROCE | 5.96% | ||
| ROIC | 3.33% | ||
| ROICexc | 3.36% | ||
| ROICexgc | 6.23% | ||
| OM | 10.66% | ||
| PM (TTM) | 4.57% | ||
| GM | 49.66% | ||
| FCFM | N/A |
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%
ROICexcg growth 3Y-3.4%
ROICexcg 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-Score3
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.26 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.37 | ||
| Cap/Depr | 137.11% | ||
| Cap/Sales | 10.05% | ||
| Interest Coverage | 1.98 | ||
| Cash Conversion | 34.52% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.75 | ||
| Quick Ratio | 0.27 | ||
| Altman-Z | 2.05 |
F-Score3
WACC7.63%
ROIC/WACC0.44
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)-38.06%
EPS 3Y7.44%
EPS 5Y-0.01%
EPS Q2Q%-69.71%
EPS Next Y-20.82%
EPS Next 2Y25.77%
EPS Next 3Y22.87%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.03%
Revenue growth 3Y20.66%
Revenue growth 5Y16.65%
Sales Q2Q%5.77%
Revenue Next Year10.3%
Revenue Next 2Y12.63%
Revenue Next 3Y11.49%
Revenue Next 5Y11.39%
EBIT growth 1Y-59.9%
EBIT growth 3Y15.83%
EBIT growth 5Y12.08%
EBIT Next Year48.46%
EBIT Next 3Y31.27%
EBIT Next 5YN/A
FCF growth 1Y-120.62%
FCF growth 3Y59.94%
FCF growth 5Y10.72%
OCF growth 1Y-73.83%
OCF growth 3Y22.76%
OCF growth 5Y12.18%