SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:SALM - NO0010310956 - Common Stock
591.75 NOK
+6.25 (+1.07%)
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. While showing a medium growth rate, SALM is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
SALM had positive earnings in the past year.
In the past year SALM had a positive cash flow from operations.
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 2.04%. This is comparable to the rest of the industry: SALM outperforms 40.68% of its industry peers.
SALM has a Return On Equity (7.00%) which is comparable to the rest of the industry.
SALM's Return On Invested Capital of 2.74% is on the low side compared to the rest of the industry. SALM is outperformed by 66.10% of its industry peers.
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 7.13%.
The last Return On Invested Capital (2.74%) for SALM is well below the 3 year average (7.18%), which needs to be investigated, but indicates that SALM had better years and this may not be a problem.
| 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
Looking at the Profit Margin, with a value of 4.36%, SALM is in line with its industry, outperforming 59.32% of the companies in the same industry.
SALM's Profit Margin has declined in the last couple of years.
SALM has a Operating Margin of 8.93%. This is in the better half of the industry: SALM outperforms 64.41% of its industry peers.
In the last couple of years the Operating Margin of SALM has declined.
With a decent Gross Margin value of 46.22%, SALM is doing good in the industry, outperforming 67.80% 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 | 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
SALM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
SALM has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for SALM has been increased compared to 5 years ago.
The debt/assets ratio for SALM is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.10 indicates that SALM is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of SALM (2.10) is comparable to the rest of the industry.
SALM has a debt to FCF ratio of 25.07. This is a negative value and a sign of low solvency as SALM would need 25.07 years to pay back of 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 62.71% 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 has a worse Debt to Equity ratio (1.31) than 81.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 25.07 | ||
| Altman-Z | 2.1 |
ROIC/WACC0.36
WACC7.71%
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 79.66% of its industry peers.
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.
Looking at the last year, SALM shows a small growth in Revenue. The Revenue has grown by 1.97% 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)-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 25.21% on average over the next years. This is a very strong growth
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 Y-36.02%
EPS Next 2Y28.02%
EPS Next 3Y25.21%
EPS Next 5YN/A
Revenue Next Year9.85%
Revenue Next 2Y13.45%
Revenue Next 3Y12.13%
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 45.80 indicates a quite expensive valuation of SALM.
Compared to the rest of the industry, the Price/Earnings ratio of SALM indicates a slightly more expensive valuation: SALM is more expensive than 69.49% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.15. SALM is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 16.19, which indicates a correct valuation of SALM.
SALM's Price/Forward Earnings is on the same level as the industry average.
SALM is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.12, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.8 | ||
| Fwd PE | 16.19 |
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 72.88% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SALM is valued a bit more expensive than 61.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 83.46 | ||
| EV/EBITDA | 23.65 |
4.3 Compensation for Growth
SALM's earnings are expected to grow with 25.21% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.02%
EPS Next 3Y25.21%
5. Dividend
5.1 Amount
SALM has a Yearly Dividend Yield of 3.85%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.35, SALM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, SALM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
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 2Y28.02%
EPS Next 3Y25.21%
OSL:SALM (11/27/2025, 4:19:49 PM)
591.75
+6.25 (+1.07%)
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 Cap80.12B
Revenue(TTM)27.09B
Net Income(TTM)1.18B
Analysts73.33
Price Target614.32 (3.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
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)8.19%
PT rev (3m)13.33%
EPS NQ rev (1m)0.33%
EPS NQ rev (3m)-19.35%
EPS NY rev (1m)-11.39%
EPS NY rev (3m)-19.19%
Revenue NQ rev (1m)-2.62%
Revenue NQ rev (3m)-3.38%
Revenue NY rev (1m)1.06%
Revenue NY rev (3m)-1.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.8 | ||
| Fwd PE | 16.19 | ||
| P/S | 2.96 | ||
| P/FCF | 83.46 | ||
| P/OCF | 26.48 | ||
| P/B | 4.75 | ||
| P/tB | N/A | ||
| EV/EBITDA | 23.65 |
EPS(TTM)12.92
EY2.18%
EPS(NY)36.56
Fwd EY6.18%
FCF(TTM)7.09
FCFY1.2%
OCF(TTM)22.35
OCFY3.78%
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 | 2.1 |
F-Score4
WACC7.71%
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-36.02%
EPS Next 2Y28.02%
EPS Next 3Y25.21%
EPS Next 5YN/A
Revenue 1Y (TTM)1.97%
Revenue growth 3Y20.66%
Revenue growth 5Y16.65%
Sales Q2Q%27.48%
Revenue Next Year9.85%
Revenue Next 2Y13.45%
Revenue Next 3Y12.13%
Revenue Next 5Y11.39%
EBIT growth 1Y-54.79%
EBIT growth 3Y15.83%
EBIT growth 5Y12.08%
EBIT Next Year17.86%
EBIT Next 3Y28.69%
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 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.
Can you provide the financial health for SALM stock?
The financial health rating of SALMAR ASA (SALM.OL) is 2 / 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 -36.02% in the next year.