SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:SALM - NO0010310956 - Common Stock
554.25 NOK
+7.25 (+1.33%)
We assign a fundamental rating of 4 out of 10 to SALM. SALM was compared to 64 industry peers in the Food Products industry. While SALM is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, SALM is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- In the past year SALM was profitable.
- In the past year SALM had a positive cash flow from operations.
- In the past 5 years SALM has always been profitable.
- Each year in the past 5 years SALM had a positive operating cash flow.
1.2 Ratios
- SALM has a Return On Assets (2.04%) which is comparable to the rest of the industry.
- SALM has a Return On Equity of 7.00%. This is comparable to the rest of the industry: SALM outperforms 50.00% of its industry peers.
- SALM has a worse Return On Invested Capital (2.74%) than 68.75% 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 7.95%.
- The 3 year average ROIC (7.18%) for SALM is well above the current ROIC(2.74%). The reason for the recent decline needs to be investigated.
| 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
- The Profit Margin of SALM (4.36%) is comparable to the rest of the industry.
- SALM's Profit Margin has declined in the last couple of years.
- The Operating Margin of SALM (8.93%) is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of SALM has declined.
- SALM has a better Gross Margin (46.22%) than 71.88% 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
- 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.
- SALM has more shares outstanding than it did 5 years ago.
- SALM has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.03 indicates that SALM is not a great score, but indicates only limited risk for bankruptcy at the moment.
- With a Altman-Z score value of 2.03, SALM perfoms like the industry average, outperforming 48.44% of the companies in the same industry.
- 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.
- SALM's Debt to FCF ratio of 25.07 is on the low side compared to the rest of the industry. SALM is outperformed by 62.50% 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.
- SALM's Debt to Equity ratio of 1.31 is on the low side compared to the rest of the industry. SALM is outperformed by 78.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 25.07 | ||
| Altman-Z | 2.03 |
ROIC/WACC0.36
WACC7.65%
2.3 Liquidity
- A Current Ratio of 2.18 indicates that SALM has no problem at all paying its short term obligations.
- The Current ratio of SALM (2.18) is better than 84.38% of its industry peers.
- SALM has a Quick Ratio of 2.18. This is a bad value and indicates that SALM is not financially healthy enough and could expect problems in meeting its short term obligations.
- SALM's Quick ratio of 0.37 is on the low side compared to the rest of the industry. SALM is outperformed by 84.38% 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.
- SALM shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.01% yearly.
- SALM shows a small growth in Revenue. In the last year, the Revenue has grown by 1.97%.
- 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 24.89% on average over the next years. This is a very strong growth
- SALM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.49% yearly.
EPS Next Y-38.04%
EPS Next 2Y26.85%
EPS Next 3Y24.89%
EPS Next 5YN/A
Revenue Next Year6.16%
Revenue Next 2Y11.84%
Revenue Next 3Y11.53%
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
- The Price/Earnings ratio is 42.90, which means the current valuation is very expensive for SALM.
- 65.63% of the companies in the same industry are cheaper than SALM, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of SALM to the average of the S&P500 Index (27.32), we can say SALM is valued expensively.
- SALM is valuated correctly with a Price/Forward Earnings ratio of 15.44.
- SALM's Price/Forward Earnings ratio is in line with the industry average.
- When comparing the Price/Forward Earnings ratio of SALM to the average of the S&P500 Index (24.30), we can say SALM is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.9 | ||
| Fwd PE | 15.44 |
4.2 Price Multiples
- SALM's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. SALM is more expensive than 76.56% of the companies in the same industry.
- SALM's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. SALM is more expensive than 60.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 78.17 | ||
| EV/EBITDA | 22.45 |
4.3 Compensation for Growth
- A more expensive valuation may be justified as SALM's earnings are expected to grow with 24.89% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y26.85%
EPS Next 3Y24.89%
5. Dividend
5.1 Amount
- SALM has a Yearly Dividend Yield of 3.80%.
- SALM's Dividend Yield is a higher than the industry average which is at 2.42.
- SALM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.8% |
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
- SALM pays out 429.58% of its income as dividend. This is not a sustainable payout ratio.
- SALM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP429.58%
EPS Next 2Y26.85%
EPS Next 3Y24.89%
OSL:SALM (1/22/2026, 2:04:30 PM)
554.25
+7.25 (+1.33%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)11-06 2025-11-06/bmo
Earnings (Next)02-10 2026-02-10/amc
Inst Owners77.58%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap75.04B
Revenue(TTM)27.09B
Net Income(TTM)1.18B
Analysts75.29
Price Target620.81 (12.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.8% |
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)1.06%
PT rev (3m)9.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.33%
EPS NY rev (1m)-3.02%
EPS NY rev (3m)-14.19%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.36%
Revenue NY rev (1m)-0.74%
Revenue NY rev (3m)-2.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.9 | ||
| Fwd PE | 15.44 | ||
| P/S | 2.77 | ||
| P/FCF | 78.17 | ||
| P/OCF | 24.8 | ||
| P/B | 4.45 | ||
| P/tB | N/A | ||
| EV/EBITDA | 22.45 |
EPS(TTM)12.92
EY2.33%
EPS(NY)35.9
Fwd EY6.48%
FCF(TTM)7.09
FCFY1.28%
OCF(TTM)22.35
OCFY4.03%
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 | 2.03 |
F-Score4
WACC7.65%
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-38.04%
EPS Next 2Y26.85%
EPS Next 3Y24.89%
EPS Next 5YN/A
Revenue 1Y (TTM)1.97%
Revenue growth 3Y20.66%
Revenue growth 5Y16.65%
Sales Q2Q%27.48%
Revenue Next Year6.16%
Revenue Next 2Y11.84%
Revenue Next 3Y11.53%
Revenue Next 5Y9.49%
EBIT growth 1Y-54.79%
EBIT growth 3Y15.83%
EBIT growth 5Y12.08%
EBIT Next Year7.3%
EBIT Next 3Y30.47%
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.
Can you provide the valuation status for SALMAR ASA?
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.
What is the earnings growth outlook for SALMAR ASA?
The Earnings per Share (EPS) of SALMAR ASA (SALM.OL) is expected to decline by -38.04% in the next year.
How sustainable is the dividend of SALMAR ASA (SALM.OL) stock?
The dividend rating of SALMAR ASA (SALM.OL) is 6 / 10 and the dividend payout ratio is 429.58%.