SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:SALM - NO0010310956 - Common Stock
568.5 NOK
-3 (-0.52%)
SALM gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 59 industry peers in the Food Products industry. SALM has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
Each year in the past 5 years SALM has 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 of 2.04%. This is comparable to the rest of the industry: SALM outperforms 41.82% of its industry peers.
Looking at the Return On Equity, with a value of 7.00%, SALM is in line with its industry, outperforming 49.09% of the companies in the same industry.
SALM has a Return On Invested Capital of 2.74%. This is in the lower half of the industry: SALM underperforms 67.27% 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 7.11%.
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
SALM has a Profit Margin of 4.36%. This is comparable to the rest of the industry: SALM outperforms 60.00% of its industry peers.
SALM's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 8.93%, SALM is doing good in the industry, outperforming 63.64% of the companies in the same industry.
SALM's Operating Margin has declined in the last couple of years.
The Gross Margin of SALM (46.22%) is better than 67.27% of its industry peers.
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 | 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.
Compared to 1 year ago, SALM has about the same amount of shares outstanding.
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
An Altman-Z score of 2.07 indicates that SALM is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of SALM (2.07) is comparable to the rest of the 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.
Looking at the Debt to FCF ratio, with a value of 25.07, SALM is doing worse than 65.45% of the companies in the same industry.
SALM has a Debt/Equity ratio of 1.31. This is a high value indicating a heavy dependency on external 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 81.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 25.07 | ||
| Altman-Z | 2.07 |
ROIC/WACC0.36
WACC7.68%
2.3 Liquidity
A Current Ratio of 2.18 indicates that SALM has no problem at all paying its short term obligations.
SALM has a better Current ratio (2.18) than 80.00% of its industry peers.
A Quick Ratio of 0.37 indicates that SALM may have some problems paying its short term obligations.
The Quick ratio of SALM (0.37) is worse than 87.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.18 | ||
| Quick Ratio | 0.37 |
3. Growth
3.1 Past
SALM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -37.35%.
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
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
The Price/Earnings ratio is 44.00, which means the current valuation is very expensive for SALM.
Based on the Price/Earnings ratio, SALM is valued a bit more expensive than the industry average as 69.09% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 25.47. SALM is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 15.55, SALM is valued correctly.
SALM's Price/Forward Earnings is on the same level as the industry average.
SALM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44 | ||
| Fwd PE | 15.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SALM is valued a bit more expensive than the industry average as 76.36% of the companies are valued more cheaply.
63.64% 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 | 80.18 | ||
| EV/EBITDA | 23.12 |
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.
SALM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
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.
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 (11/21/2025, 7:00:00 PM)
568.5
-3 (-0.52%)
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 Cap76.97B
Revenue(TTM)27.09B
Net Income(TTM)1.18B
Analysts73.33
Price Target614.32 (8.06%)
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 | 44 | ||
| Fwd PE | 15.55 | ||
| P/S | 2.84 | ||
| P/FCF | 80.18 | ||
| P/OCF | 25.44 | ||
| P/B | 4.57 | ||
| P/tB | N/A | ||
| EV/EBITDA | 23.12 |
EPS(TTM)12.92
EY2.27%
EPS(NY)36.56
Fwd EY6.43%
FCF(TTM)7.09
FCFY1.25%
OCF(TTM)22.35
OCFY3.93%
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 | 2.07 |
F-Score4
WACC7.68%
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.