SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:SALM - NO0010310956 - Common Stock
610 NOK
+5 (+0.83%)
Taking everything into account, SALM scores 4 out of 10 in our fundamental rating. SALM was compared to 59 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. SALM is quite expensive at the moment. It does show a decent growth rate.
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.
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
Looking at the Return On Assets, with a value of 2.04%, SALM is in line with its industry, outperforming 40.68% of the companies in the same industry.
SALM's Return On Equity of 7.00% is in line compared to the rest of the industry. SALM outperforms 47.46% of its industry peers.
With a Return On Invested Capital value of 2.74%, SALM is not doing good in the industry: 69.49% of the companies in the same industry are doing better.
SALM had an Average Return On Invested Capital over the past 3 years of 7.18%. This is in line with the industry average of 6.47%.
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
SALM has a Profit Margin (4.36%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of SALM has declined.
SALM's Operating Margin of 8.93% is fine compared to the rest of the industry. SALM outperforms 62.71% of its industry peers.
In the last couple of years the Operating Margin of SALM has declined.
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.
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 2.14 indicates that SALM is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.14, SALM is in line with its industry, outperforming 52.54% 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 has a Debt to FCF ratio of 25.07. This is in the lower half of the industry: SALM underperforms 66.10% 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.
With a Debt to Equity ratio value of 1.31, SALM is not doing good in the industry: 83.05% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 25.07 | ||
| Altman-Z | 2.14 |
ROIC/WACC0.35
WACC7.73%
2.3 Liquidity
A Current Ratio of 2.18 indicates that SALM has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.18, SALM belongs to the best of the industry, outperforming 83.05% 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.
The Earnings Per Share has been decreasing by -0.01% on average over the past years.
The Revenue has been growing slightly by 1.97% in the past year.
The Revenue has been growing by 16.65% on average over the past years. This is quite good.
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 24.68% 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 9.49% on average per year.
EPS Next Y-36.11%
EPS Next 2Y26.56%
EPS Next 3Y24.68%
EPS Next 5YN/A
Revenue Next Year6.96%
Revenue Next 2Y12.06%
Revenue Next 3Y11.64%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 47.21, SALM can be considered very expensive at the moment.
Based on the Price/Earnings ratio, SALM is valued a bit more expensive than the industry average as 71.19% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of SALM to the average of the S&P500 Index (26.34), we can say SALM is valued expensively.
With a Price/Forward Earnings ratio of 17.07, SALM is valued on the expensive side.
The rest of the industry has a similar Price/Forward Earnings ratio as SALM.
SALM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.56.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.21 | ||
| Fwd PE | 17.07 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SALM is valued a bit more expensive than 76.27% of the companies in the same industry.
64.41% of the companies in the same industry are cheaper than SALM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 86.03 | ||
| EV/EBITDA | 24.26 |
4.3 Compensation for Growth
SALM's earnings are expected to grow with 24.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y26.56%
EPS Next 3Y24.68%
5. Dividend
5.1 Amount
SALM has a Yearly Dividend Yield of 3.62%. Purely for dividend investing, there may be better candidates out there.
SALM's Dividend Yield is a higher than the industry average which is at 3.35.
Compared to an average S&P500 Dividend Yield of 2.31, SALM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.62% |
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 2Y26.56%
EPS Next 3Y24.68%
OSL:SALM (12/8/2025, 4:19:56 PM)
610
+5 (+0.83%)
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 Cap82.59B
Revenue(TTM)27.09B
Net Income(TTM)1.18B
Analysts75.56
Price Target614.32 (0.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.62% |
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)3.89%
PT rev (3m)9.36%
EPS NQ rev (1m)0.33%
EPS NQ rev (3m)-1.04%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)-19.31%
Revenue NQ rev (1m)-3.99%
Revenue NQ rev (3m)-6.71%
Revenue NY rev (1m)-2.64%
Revenue NY rev (3m)-4.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.21 | ||
| Fwd PE | 17.07 | ||
| P/S | 3.05 | ||
| P/FCF | 86.03 | ||
| P/OCF | 27.29 | ||
| P/B | 4.9 | ||
| P/tB | N/A | ||
| EV/EBITDA | 24.26 |
EPS(TTM)12.92
EY2.12%
EPS(NY)35.73
Fwd EY5.86%
FCF(TTM)7.09
FCFY1.16%
OCF(TTM)22.35
OCFY3.66%
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 | 2.14 |
F-Score4
WACC7.73%
ROIC/WACC0.35
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-36.11%
EPS Next 2Y26.56%
EPS Next 3Y24.68%
EPS Next 5YN/A
Revenue 1Y (TTM)1.97%
Revenue growth 3Y20.66%
Revenue growth 5Y16.65%
Sales Q2Q%27.48%
Revenue Next Year6.96%
Revenue Next 2Y12.06%
Revenue Next 3Y11.64%
Revenue Next 5Y9.49%
EBIT growth 1Y-54.79%
EBIT growth 3Y15.83%
EBIT growth 5Y12.08%
EBIT Next Year7.68%
EBIT Next 3Y30.37%
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 1 / 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 3 / 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 -36.11% in the next year.