SALMAR ASA (SALM.OL) Stock Fundamental Analysis
OSL:SALM - Euronext Oslo - NO0010310956 - Common Stock - Currency: NOK
Overall SALM gets a fundamental rating of 5 out of 10. We evaluated SALM against 58 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 has a correct valuation and a medium growth rate. Finally 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.
Each year in the past 5 years SALM has been profitable.
SALM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SALM has a Return On Assets of 3.33%. This is comparable to the rest of the industry: SALM outperforms 51.72% of its industry peers.
Looking at the Return On Equity, with a value of 9.85%, SALM is in the better half of the industry, outperforming 63.79% of the companies in the same industry.
The Return On Invested Capital of SALM (4.47%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for SALM is in line with the industry average of 6.77%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.33% | ||
| ROE | 9.85% | ||
| ROIC | 4.47% |
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 7.27%, SALM is in the better half of the industry, outperforming 72.41% of the companies in the same industry.
SALM's Profit Margin has declined in the last couple of years.
SALM's Operating Margin of 15.31% is amongst the best of the industry. SALM outperforms 82.76% of its industry peers.
In the last couple of years the Operating Margin of SALM has declined.
With a decent Gross Margin value of 52.54%, SALM is doing good in the industry, outperforming 79.31% of the companies in the same industry.
In the last couple of years the Gross Margin of SALM has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.31% | ||
| PM (TTM) | 7.27% | ||
| GM | 52.54% |
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.
Compared to 1 year ago, SALM has a worse debt to assets ratio.
2.2 Solvency
SALM has an Altman-Z score of 2.09. 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.
With a Altman-Z score value of 2.09, SALM perfoms like the industry average, outperforming 51.72% of the companies in the same industry.
A Debt/Equity ratio of 1.07 is on the high side and indicates that SALM has dependencies on debt financing.
The Debt to Equity ratio of SALM (1.07) is worse than 74.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.09 |
ROIC/WACC0.59
WACC7.53%
2.3 Liquidity
SALM has a Current Ratio of 2.49. This indicates that SALM is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of SALM (2.49) is better than 81.03% of its industry peers.
SALM has a Quick Ratio of 2.49. 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 has a worse Quick ratio (0.33) than 93.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.49 | ||
| Quick Ratio | 0.33 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 47.37% over the past year.
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 very negative growth in Revenue. The Revenue has decreased by -10.42% in the last year.
The Revenue has been growing by 16.65% on average over the past years. This is quite good.
EPS 1Y (TTM)47.37%
EPS 3Y7.44%
EPS 5Y-0.01%
EPS Q2Q%-59.46%
Revenue 1Y (TTM)-10.42%
Revenue growth 3Y20.66%
Revenue growth 5Y16.65%
Sales Q2Q%-20.78%
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 30.35% on average per year.
Based on estimates for the next years, SALM will show a quite strong growth in Revenue. The Revenue will grow by 11.39% on average per year.
EPS Next Y56.14%
EPS Next 2Y40.17%
EPS Next 3Y30.35%
EPS Next 5YN/A
Revenue Next Year18.24%
Revenue Next 2Y14.23%
Revenue Next 3Y12.41%
Revenue Next 5Y11.39%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 23.40 indicates a rather expensive valuation of SALM.
Based on the Price/Earnings ratio, SALM is valued a bit more expensive than the industry average as 60.34% of the companies are valued more cheaply.
SALM is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.45, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 10.01 indicates a reasonable valuation of SALM.
68.97% of the companies in the same industry are more expensive than SALM, based on the Price/Forward Earnings ratio.
SALM is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.4 | ||
| Fwd PE | 10.01 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SALM is valued a bit more expensive than the industry average as 72.41% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.43 |
4.3 Compensation for Growth
SALM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of SALM may justify a higher PE ratio.
A more expensive valuation may be justified as SALM's earnings are expected to grow with 30.35% in the coming years.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y40.17%
EPS Next 3Y30.35%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.95%, SALM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.31, SALM pays a better dividend. On top of this SALM pays more dividend than 89.66% of the companies listed in the same industry.
SALM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.95% |
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
259.66% of the earnings are spent on dividend by SALM. This is not a sustainable payout ratio.
SALM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP259.66%
EPS Next 2Y40.17%
EPS Next 3Y30.35%
OSL:SALM (7/4/2025, 7:00:00 PM)
439
-5.2 (-1.17%)
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 Cap58.72B
Analysts76.84
Price Target557.01 (26.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.95% |
Yearly Dividend35.51
Dividend Growth(5Y)8.89%
DP259.66%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-13.35%
Min EPS beat(2)-46.06%
Max EPS beat(2)19.36%
EPS beat(4)1
Avg EPS beat(4)-17.34%
Min EPS beat(4)-46.06%
Max EPS beat(4)19.36%
EPS beat(8)1
Avg EPS beat(8)-37.21%
EPS beat(12)2
Avg EPS beat(12)-28.74%
EPS beat(16)2
Avg EPS beat(16)-28.34%
Revenue beat(2)1
Avg Revenue beat(2)0.38%
Min Revenue beat(2)-0.11%
Max Revenue beat(2)0.87%
Revenue beat(4)1
Avg Revenue beat(4)-1.39%
Min Revenue beat(4)-4.35%
Max Revenue beat(4)0.87%
Revenue beat(8)3
Avg Revenue beat(8)-1.72%
Revenue beat(12)6
Avg Revenue beat(12)0.34%
Revenue beat(16)9
Avg Revenue beat(16)0.73%
PT rev (1m)-13.65%
PT rev (3m)-18.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-49.65%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-13.04%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.4 | ||
| Fwd PE | 10.01 | ||
| P/S | 2.34 | ||
| P/FCF | N/A | ||
| P/OCF | 35.5 | ||
| P/B | 3.18 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.43 |
EPS(TTM)18.76
EY4.27%
EPS(NY)43.84
Fwd EY9.99%
FCF(TTM)-7.2
FCFYN/A
OCF(TTM)12.37
OCFY2.82%
SpS187.39
BVpS138.23
TBVpS-15.68
PEG (NY)0.42
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.33% | ||
| ROE | 9.85% | ||
| ROCE | 8.02% | ||
| ROIC | 4.47% | ||
| ROICexc | 4.51% | ||
| ROICexgc | 7.95% | ||
| OM | 15.31% | ||
| PM (TTM) | 7.27% | ||
| GM | 52.54% | ||
| 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 | 1.07 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.5 | ||
| Cap/Depr | 145.23% | ||
| Cap/Sales | 10.44% | ||
| Interest Coverage | 3.04 | ||
| Cash Conversion | 29.33% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.49 | ||
| Quick Ratio | 0.33 | ||
| Altman-Z | 2.09 |
F-Score3
WACC7.53%
ROIC/WACC0.59
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)47.37%
EPS 3Y7.44%
EPS 5Y-0.01%
EPS Q2Q%-59.46%
EPS Next Y56.14%
EPS Next 2Y40.17%
EPS Next 3Y30.35%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.42%
Revenue growth 3Y20.66%
Revenue growth 5Y16.65%
Sales Q2Q%-20.78%
Revenue Next Year18.24%
Revenue Next 2Y14.23%
Revenue Next 3Y12.41%
Revenue Next 5Y11.39%
EBIT growth 1Y-46.63%
EBIT growth 3Y15.83%
EBIT growth 5Y12.08%
EBIT Next Year48.46%
EBIT Next 3Y31.27%
EBIT Next 5YN/A
FCF growth 1Y-121.88%
FCF growth 3Y59.94%
FCF growth 5Y10.72%
OCF growth 1Y-67.02%
OCF growth 3Y22.76%
OCF growth 5Y12.18%