SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:SALM - NO0010310956 - Common Stock
579 NOK
-1.5 (-0.26%)
We assign a fundamental rating of 4 out of 10 to SALM. SALM was compared to 60 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 valied quite expensively at the moment, while 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.
In the past 5 years SALM has always been profitable.
SALM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SALM's Return On Assets of 2.04% is in line compared to the rest of the industry. SALM outperforms 43.33% 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 65.00% 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 6.36%.
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 in the better half of the industry: SALM outperforms 61.67% of its industry peers.
In the last couple of years the Profit Margin of SALM has declined.
SALM has a Operating Margin of 8.93%. This is in the better half of the industry: SALM outperforms 65.00% of its industry peers.
SALM's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 46.22%, SALM is doing good in the industry, outperforming 68.33% 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 | 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
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.
SALM's Altman-Z score of 2.09 is in line compared to the rest of the industry. SALM outperforms 55.00% of its industry peers.
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 worse Debt to FCF ratio (25.07) than 61.67% 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 78.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 25.07 | ||
| Altman-Z | 2.09 |
ROIC/WACC0.36
WACC7.69%
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 Current ratio of 2.18. This is amongst the best in the industry. SALM outperforms 83.33% of its industry peers.
SALM has a Quick Ratio of 2.18. This is a bad value and indicates that SALM is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of SALM (0.37) is worse than 83.33% 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.
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 small growth in Revenue. The Revenue has grown by 1.97% in the last year.
Measured over the past years, SALM shows a quite strong growth in Revenue. The Revenue has been growing by 16.65% on average per year.
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 24.89% on average over the next years. This is a very strong growth
SALM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.49% yearly.
EPS Next Y-38.04%
EPS Next 2Y26.85%
EPS Next 3Y24.89%
EPS Next 5YN/A
Revenue Next Year6.16%
Revenue Next 2Y11.84%
Revenue Next 3Y11.53%
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 44.81, SALM can be considered very expensive at the moment.
SALM's Price/Earnings ratio is a bit more expensive when compared to the industry. SALM is more expensive than 66.67% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.00. SALM is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 16.13 indicates a correct valuation of SALM.
SALM's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of SALM to the average of the S&P500 Index (23.70), we can say SALM is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.81 | ||
| Fwd PE | 16.13 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SALM indicates a slightly more expensive valuation: SALM is more expensive than 71.67% of the companies listed in the same industry.
SALM's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. SALM is more expensive than 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 81.66 | ||
| EV/EBITDA | 23.49 |
4.3 Compensation for Growth
SALM's earnings are expected to grow with 24.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y26.85%
EPS Next 3Y24.89%
5. Dividend
5.1 Amount
SALM has a Yearly Dividend Yield of 3.56%.
SALM's Dividend Yield is a higher than the industry average which is at 2.24.
SALM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.56% |
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 2Y26.85%
EPS Next 3Y24.89%
OSL:SALM (1/9/2026, 4:19:55 PM)
579
-1.5 (-0.26%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners77.58%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap78.39B
Revenue(TTM)27.09B
Net Income(TTM)1.18B
Analysts75.56
Price Target620.81 (7.22%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.56% |
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)1.06%
PT rev (3m)9.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10.48%
EPS NY rev (1m)-3.02%
EPS NY rev (3m)-14.19%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.3%
Revenue NY rev (1m)-0.74%
Revenue NY rev (3m)-2.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.81 | ||
| Fwd PE | 16.13 | ||
| P/S | 2.89 | ||
| P/FCF | 81.66 | ||
| P/OCF | 25.91 | ||
| P/B | 4.65 | ||
| P/tB | N/A | ||
| EV/EBITDA | 23.49 |
EPS(TTM)12.92
EY2.23%
EPS(NY)35.9
Fwd EY6.2%
FCF(TTM)7.09
FCFY1.22%
OCF(TTM)22.35
OCFY3.86%
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 | 2.09 |
F-Score4
WACC7.69%
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-38.04%
EPS Next 2Y26.85%
EPS Next 3Y24.89%
EPS Next 5YN/A
Revenue 1Y (TTM)1.97%
Revenue growth 3Y20.66%
Revenue growth 5Y16.65%
Sales Q2Q%27.48%
Revenue Next Year6.16%
Revenue Next 2Y11.84%
Revenue Next 3Y11.53%
Revenue Next 5Y9.49%
EBIT growth 1Y-54.79%
EBIT growth 3Y15.83%
EBIT growth 5Y12.08%
EBIT Next Year7.3%
EBIT Next 3Y30.47%
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.
Can you provide the valuation status for SALMAR ASA?
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.
What is the earnings growth outlook for SALMAR ASA?
The Earnings per Share (EPS) of SALMAR ASA (SALM.OL) is expected to decline by -38.04% in the next year.
How sustainable is the dividend of SALMAR ASA (SALM.OL) stock?
The dividend rating of SALMAR ASA (SALM.OL) is 6 / 10 and the dividend payout ratio is 429.58%.