SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe • Euronext Oslo • OSL:SALM • NO0010310956
573 NOK
0 (0%)
Last: Jan 30, 2026, 07:00 PM
SALM gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 62 industry peers in the Food Products industry. There are concerns on the financial health of SALM while its profitability can be described as average. SALM is valied quite expensively at the moment, while it does show a decent growth rate.
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.
- In the past 5 years SALM has always been profitable.
- In the past 5 years SALM always reported a positive cash flow from operatings.
1.2 Ratios
- SALM has a Return On Assets (2.04%) which is comparable to the rest of the industry.
- SALM has a Return On Equity (7.00%) which is in line with its industry peers.
- 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 69.35% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for SALM is in line with the industry average of 7.33%.
- 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 in line with its industry peers.
- In the last couple of years the Profit Margin of SALM has declined.
- SALM has a better Operating Margin (8.93%) than 62.90% of its industry peers.
- SALM's Operating Margin has declined in the last couple of years.
- SALM has a better Gross Margin (46.22%) than 69.35% 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.
- SALM has about the same amout of shares outstanding than it did 1 year ago.
- Compared to 5 years ago, SALM has more shares outstanding
- SALM has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.08 indicates that SALM is not a great score, but indicates only limited risk for bankruptcy at the moment.
- SALM's Altman-Z score of 2.08 is in line compared to the rest of the industry. SALM outperforms 48.39% of its industry peers.
- 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 worse Debt to FCF ratio (25.07) than 61.29% 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's Debt to Equity ratio of 1.31 is on the low side compared to the rest of the industry. SALM is outperformed by 80.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 25.07 | ||
| Altman-Z | 2.08 |
ROIC/WACC0.36
WACC7.68%
2.3 Liquidity
- SALM has a Current Ratio of 2.18. This indicates that SALM is financially healthy and has no problem in meeting its short term obligations.
- SALM has a better Current ratio (2.18) than 83.87% 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.
- With a Quick ratio value of 0.37, SALM is not doing good in the industry: 83.87% of the companies in the same industry are doing better.
| 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%.
- Measured over the past years, SALM shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.01% on average per year.
- SALM shows a small growth in Revenue. In the last year, the Revenue has grown by 1.97%.
- 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 25.69% 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 9.49% on average per year.
EPS Next Y-39.19%
EPS Next 2Y28.52%
EPS Next 3Y25.69%
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
- SALM is valuated quite expensively with a Price/Earnings ratio of 44.35.
- Compared to the rest of the industry, the Price/Earnings ratio of SALM indicates a slightly more expensive valuation: SALM is more expensive than 66.13% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of SALM to the average of the S&P500 Index (28.32), we can say SALM is valued expensively.
- A Price/Forward Earnings ratio of 15.55 indicates a correct valuation of SALM.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of SALM is on the same level as its industry peers.
- SALM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.35 | ||
| Fwd PE | 15.55 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SALM is valued a bit more expensive than 75.81% of the companies 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 61.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 80.81 | ||
| EV/EBITDA | 23.26 |
4.3 Compensation for Growth
- SALM's earnings are expected to grow with 25.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.52%
EPS Next 3Y25.69%
5. Dividend
5.1 Amount
- SALM has a Yearly Dividend Yield of 3.84%.
- Compared to an average industry Dividend Yield of 2.73, 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 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.84% |
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.
- SALM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP429.58%
EPS Next 2Y28.52%
EPS Next 3Y25.69%
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 -39.19% 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%.