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

  • 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.
  • In the past 5 years SALM always reported a positive cash flow from operatings.
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

  • With a Return On Assets value of 1.91%, SALM is not doing good in the industry: 62.71% of the companies in the same industry are doing better.
  • SALM has a Return On Equity (6.23%) which is in line with its industry peers.
  • With a Return On Invested Capital value of 4.39%, SALM perfoms like the industry average, outperforming 44.07% 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 7.16%.
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

  • With a Profit Margin value of 4.03%, SALM perfoms like the industry average, outperforming 52.54% of the companies in the same industry.
  • In the last couple of years the Profit Margin of SALM has declined.
  • The Operating Margin of SALM (11.15%) is better than 72.88% of its industry peers.
  • In the last couple of years the Operating Margin of SALM has declined.
  • 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

  • SALM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, SALM has more shares outstanding
  • SALM has more shares outstanding than it did 5 years ago.
  • SALM has a worse debt/assets ratio than last year.
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 2.11 indicates that SALM is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • SALM has a Altman-Z score (2.11) which is in line with its industry peers.
  • The Debt to FCF ratio of SALM is 17.79, which is on the high side as it means it would take SALM, 17.79 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 17.79, SALM perfoms like the industry average, outperforming 47.46% of the companies in the same industry.
  • SALM has a Debt/Equity ratio of 1.14. This is a high value indicating a heavy dependency on external financing.
  • SALM's Debt to Equity ratio of 1.14 is on the low side compared to the rest of the industry. SALM is outperformed by 77.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF 17.79
Altman-Z 2.11
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.
  • Looking at the Current ratio, with a value of 2.05, SALM is in the better half of 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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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%.
  • SALM shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.46% yearly.
  • Looking at the last year, SALM shows a small growth in Revenue. The Revenue has grown by 3.66% in the last year.
  • Measured over the past years, SALM shows a quite strong growth in Revenue. The Revenue has been growing by 16.23% on average per year.
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

  • The Earnings Per Share is expected to grow by 55.64% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, SALM will show a small growth in Revenue. The Revenue will grow by 6.24% on average per year.
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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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3

4. SALM.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • SALM is valuated quite expensively with a Price/Earnings ratio of 45.60.
  • SALM's Price/Earnings ratio is a bit more expensive when compared to the industry. SALM is more expensive than 67.80% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.64, 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 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 21.36. SALM is valued slightly cheaper when compared to this.
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

  • 71.19% of the companies in the same industry are cheaper than SALM, based on the Enterprise Value to EBITDA ratio.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as SALM.
Industry RankSector Rank
P/FCF 57.86
EV/EBITDA 19.64
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%.
  • SALM's Dividend Yield is comparable with the industry average which is at 3.07.
  • Compared to an average S&P500 Dividend Yield of 1.82, SALM has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.85%

5.2 History

  • On average, the dividend of SALM grows each year by 11.36%, which is quite nice.
Dividend Growth(5Y)11.36%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • SALM pays out 273.67% 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.
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 19.64
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 2.11
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 3 / 10 to SALMAR ASA (SALM.OL). This can be considered as Overvalued.


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.