SALMAR ASA (SALM.OL) Stock Fundamental Analysis

OSL:SALM • NO0010310956

566.5 NOK
-11 (-1.9%)
Last: Feb 26, 2026, 04:25 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall SALM gets a fundamental rating of 4 out of 10. We evaluated SALM 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. SALM is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

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.
  • SALM had positive earnings in each of the past 5 years.
  • SALM had a positive operating cash flow in each of the past 5 years.
SALM.OL Yearly Net Income VS EBIT VS OCF VS FCFSALM.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B

1.2 Ratios

  • With a Return On Assets value of 1.91%, SALM perfoms like the industry average, outperforming 42.37% of the companies in the same industry.
  • The Return On Equity of SALM (6.23%) is comparable to the rest of the industry.
  • Looking at the Return On Invested Capital, with a value of 4.39%, SALM is in line with its industry, outperforming 49.15% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for SALM is in line with the industry average of 6.61%.
Industry RankSector Rank
ROA 1.91%
ROE 6.23%
ROIC 4.39%
ROA(3y)4.46%
ROA(5y)5.6%
ROE(3y)12.96%
ROE(5y)15.15%
ROIC(3y)8.04%
ROIC(5y)8.36%
SALM.OL Yearly ROA, ROE, ROICSALM.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • Looking at the Profit Margin, with a value of 4.03%, SALM is in line with its industry, outperforming 59.32% of the companies in the same industry.
  • In the last couple of years the Profit Margin of SALM has declined.
  • With a decent Operating Margin value of 11.15%, SALM is doing good in the industry, outperforming 77.97% of the companies in the same industry.
  • In the last couple of years the Operating Margin of SALM has declined.
  • Looking at the Gross Margin, with a value of 48.45%, SALM is in the better half of the industry, outperforming 74.58% of the companies in the same industry.
  • SALM's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 11.15%
PM (TTM) 4.03%
GM 48.45%
OM growth 3Y-22.21%
OM growth 5Y-12.82%
PM growth 3Y-37.38%
PM growth 5Y-23.43%
GM growth 3Y-2.57%
GM growth 5Y-2.34%
SALM.OL Yearly Profit, Operating, Gross MarginsSALM.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SALM is still creating some value.
  • SALM has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, SALM has more shares outstanding
  • Compared to 1 year ago, SALM has a worse debt to assets ratio.
SALM.OL Yearly Shares OutstandingSALM.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
SALM.OL Yearly Total Debt VS Total AssetsSALM.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • SALM has an Altman-Z score of 2.16. 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.
  • The Altman-Z score of SALM (2.16) is comparable to the rest of the industry.
  • The Debt to FCF ratio of SALM is 18.56, which is on the high side as it means it would take SALM, 18.56 years of fcf income to pay off all of its debts.
  • SALM has a Debt to FCF ratio (18.56) which is in line with its industry peers.
  • A Debt/Equity ratio of 1.14 is on the high side and indicates that SALM has dependencies on debt financing.
  • SALM's Debt to Equity ratio of 1.14 is on the low side compared to the rest of the industry. SALM is outperformed by 81.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF 18.56
Altman-Z 2.16
ROIC/WACC0.57
WACC7.73%
SALM.OL Yearly LT Debt VS Equity VS FCFSALM.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B 20B

2.3 Liquidity

  • SALM has a Current Ratio of 2.05. This indicates that SALM is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of SALM (2.05) is better than 77.97% of its industry peers.
  • A Quick Ratio of 0.32 indicates that SALM may have some problems paying its short term obligations.
  • The Quick ratio of SALM (0.32) is worse than 91.53% of its industry peers.
Industry RankSector Rank
Current Ratio 2.05
Quick Ratio 0.32
SALM.OL Yearly Current Assets VS Current LiabilitesSALM.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • SALM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -45.05%.
  • The Earnings Per Share has been decreasing by -8.46% on average over the past years.
  • Looking at the last year, SALM shows a small growth in Revenue. The Revenue has grown by 3.66% in the last year.
  • SALM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.23% yearly.
EPS 1Y (TTM)-45.05%
EPS 3Y-20.87%
EPS 5Y-8.46%
EPS Q2Q%-9.03%
Revenue 1Y (TTM)3.66%
Revenue growth 3Y10.76%
Revenue growth 5Y16.23%
Sales Q2Q%3.81%

3.2 Future

  • SALM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 90.10% yearly.
  • SALM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.03% yearly.
EPS Next Y200.56%
EPS Next 2Y90.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.52%
Revenue Next 2Y11.79%
Revenue Next 3Y10.39%
Revenue Next 5Y8.03%

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.
SALM.OL Yearly Revenue VS EstimatesSALM.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10B 20B 30B 40B
SALM.OL Yearly EPS VS EstimatesSALM.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 10 20 30 40

More info and screens

Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 46.21 indicates a quite expensive valuation of SALM.
  • 67.80% of the companies in the same industry are cheaper than SALM, based on the Price/Earnings ratio.
  • SALM is valuated expensively when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
  • SALM is valuated correctly with a Price/Forward Earnings ratio of 15.37.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of SALM is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.13, SALM is valued a bit cheaper.
Industry RankSector Rank
PE 46.21
Fwd PE 15.37
SALM.OL Price Earnings VS Forward Price EarningsSALM.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, SALM is valued a bit more expensive than the industry average as 71.19% of the companies are valued more cheaply.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as SALM.
Industry RankSector Rank
P/FCF 61.16
EV/EBITDA 20.14
SALM.OL Per share dataSALM.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100 150 200

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.
  • SALM's earnings are expected to grow with 90.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.23
PEG (5Y)N/A
EPS Next 2Y90.1%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.72%, SALM has a reasonable but not impressive dividend return.
  • SALM's Dividend Yield is comparable with the industry average which is at 2.53.
  • SALM's Dividend Yield is comparable with the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 1.72%

5.2 History

  • The dividend of SALM is nicely growing with an annual growth rate of 11.36%!
Dividend Growth(5Y)11.36%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 273.67% of the earnings are spent on dividend by SALM. This is not a sustainable payout ratio.
  • The dividend of SALM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP273.67%
EPS Next 2Y90.1%
EPS Next 3YN/A
SALM.OL Yearly Income VS Free CF VS DividendSALM.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B
SALM.OL Dividend Payout.SALM.OL Dividend Payout, showing the Payout Ratio.SALM.OL Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

SALMAR ASA

OSL:SALM (2/26/2026, 4:25:15 PM)

566.5

-11 (-1.9%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)02-10
Earnings (Next)05-20
Inst Owners77.58%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap76.82B
Revenue(TTM)27.39B
Net Income(TTM)1.10B
Analysts74.74
Price Target616.17 (8.77%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.72%
Yearly Dividend22.63
Dividend Growth(5Y)11.36%
DP273.67%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-34.15%
Min EPS beat(2)-47.87%
Max EPS beat(2)-20.42%
EPS beat(4)0
Avg EPS beat(4)-34.64%
Min EPS beat(4)-47.87%
Max EPS beat(4)-20.42%
EPS beat(8)1
Avg EPS beat(8)-23.01%
EPS beat(12)2
Avg EPS beat(12)-30.53%
EPS beat(16)2
Avg EPS beat(16)-28.72%
Revenue beat(2)0
Avg Revenue beat(2)-11.27%
Min Revenue beat(2)-11.42%
Max Revenue beat(2)-11.12%
Revenue beat(4)1
Avg Revenue beat(4)-12.94%
Min Revenue beat(4)-30.08%
Max Revenue beat(4)0.87%
Revenue beat(8)2
Avg Revenue beat(8)-7.13%
Revenue beat(12)4
Avg Revenue beat(12)-4.54%
Revenue beat(16)7
Avg Revenue beat(16)-2.74%
PT rev (1m)-0.75%
PT rev (3m)0.3%
EPS NQ rev (1m)-37.34%
EPS NQ rev (3m)-33.13%
EPS NY rev (1m)0%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)-10.31%
Revenue NQ rev (3m)-9.62%
Revenue NY rev (1m)-2.59%
Revenue NY rev (3m)-5.34%
Valuation
Industry RankSector Rank
PE 46.21
Fwd PE 15.37
P/S 2.8
P/FCF 61.16
P/OCF 24.07
P/B 4.33
P/tB N/A
EV/EBITDA 20.14
EPS(TTM)12.26
EY2.16%
EPS(NY)36.85
Fwd EY6.5%
FCF(TTM)9.26
FCFY1.64%
OCF(TTM)23.53
OCFY4.15%
SpS202.02
BVpS130.86
TBVpS-34.4
PEG (NY)0.23
PEG (5Y)N/A
Graham Number190
Profitability
Industry RankSector Rank
ROA 1.91%
ROE 6.23%
ROCE 6.26%
ROIC 4.39%
ROICexc 4.46%
ROICexgc 8.36%
OM 11.15%
PM (TTM) 4.03%
GM 48.45%
FCFM 4.58%
ROA(3y)4.46%
ROA(5y)5.6%
ROE(3y)12.96%
ROE(5y)15.15%
ROIC(3y)8.04%
ROIC(5y)8.36%
ROICexc(3y)8.16%
ROICexc(5y)8.61%
ROICexgc(3y)14.74%
ROICexgc(5y)15.03%
ROCE(3y)11.47%
ROCE(5y)11.93%
ROICexgc growth 3Y-14.99%
ROICexgc growth 5Y-15.69%
ROICexc growth 3Y-17.02%
ROICexc growth 5Y-17.63%
OM growth 3Y-22.21%
OM growth 5Y-12.82%
PM growth 3Y-37.38%
PM growth 5Y-23.43%
GM growth 3Y-2.57%
GM growth 5Y-2.34%
F-Score5
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF 18.56
Debt/EBITDA 4.05
Cap/Depr 99.03%
Cap/Sales 7.06%
Interest Coverage 2.15
Cash Conversion 63.71%
Profit Quality 113.67%
Current Ratio 2.05
Quick Ratio 0.32
Altman-Z 2.16
F-Score5
WACC7.73%
ROIC/WACC0.57
Cap/Depr(3y)135.93%
Cap/Depr(5y)184.02%
Cap/Sales(3y)8.39%
Cap/Sales(5y)10.43%
Profit Quality(3y)141.56%
Profit Quality(5y)103.07%
High Growth Momentum
Growth
EPS 1Y (TTM)-45.05%
EPS 3Y-20.87%
EPS 5Y-8.46%
EPS Q2Q%-9.03%
EPS Next Y200.56%
EPS Next 2Y90.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.66%
Revenue growth 3Y10.76%
Revenue growth 5Y16.23%
Sales Q2Q%3.81%
Revenue Next Year13.52%
Revenue Next 2Y11.79%
Revenue Next 3Y10.39%
Revenue Next 5Y8.03%
EBIT growth 1Y-41.7%
EBIT growth 3Y-13.83%
EBIT growth 5Y1.33%
EBIT Next Year175.93%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-55.13%
FCF growth 3Y-16.23%
FCF growth 5YN/A
OCF growth 1Y-40.7%
OCF growth 3Y-11.42%
OCF growth 5Y0.08%

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 4 / 10 to SALMAR ASA (SALM.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for SALMAR ASA?

SALMAR ASA (SALM.OL) has a profitability rating of 4 / 10.


What is the earnings growth outlook for SALMAR ASA?

The Earnings per Share (EPS) of SALMAR ASA (SALM.OL) is expected to grow by 200.56% in the next year.


How sustainable is the dividend of SALMAR ASA (SALM.OL) stock?

The dividend rating of SALMAR ASA (SALM.OL) is 4 / 10 and the dividend payout ratio is 273.67%.