SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:SALM - NO0010310956 - Common Stock
585 NOK
-6 (-1.02%)
SALM gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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. SALM is quite expensive at the moment. 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.
SALM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 2.04%, SALM perfoms like the industry average, outperforming 40.68% of the companies in the same industry.
SALM has a Return On Equity of 7.00%. This is comparable to the rest of the industry: SALM outperforms 49.15% of its industry peers.
With a Return On Invested Capital value of 2.74%, SALM is not doing good in the industry: 67.80% of the companies in the same industry are doing better.
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 7.10%.
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
The Profit Margin of SALM (4.36%) is comparable to the rest of the industry.
SALM's Profit Margin has declined in the last couple of years.
SALM has a better Operating Margin (8.93%) than 62.71% of its industry peers.
In the last couple of years the Operating Margin of SALM has declined.
SALM's Gross Margin of 46.22% is fine compared to the rest of the industry. SALM outperforms 67.80% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SALM is destroying value.
The number of shares outstanding for SALM remains at a similar level compared to 1 year ago.
The number of shares outstanding for SALM has been increased compared to 5 years ago.
SALM has a worse debt/assets ratio than last year.
2.2 Solvency
SALM has an Altman-Z score of 2.11. 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 has a Altman-Z score (2.11) which 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.
Looking at the Debt to FCF ratio, with a value of 25.07, SALM is doing worse than 64.41% 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.
With a Debt to Equity ratio value of 1.31, SALM is not doing good in the industry: 83.05% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 25.07 | ||
| Altman-Z | 2.11 |
ROIC/WACC0.36
WACC7.7%
2.3 Liquidity
A Current Ratio of 2.18 indicates that SALM has no problem at all paying its short term obligations.
SALM's Current ratio of 2.18 is amongst the best of the industry. SALM outperforms 81.36% 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: 86.44% 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%.
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.
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
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-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 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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
SALM is valuated quite expensively with a Price/Earnings ratio of 45.28.
Compared to the rest of the industry, the Price/Earnings ratio of SALM indicates a slightly more expensive valuation: SALM is more expensive than 71.19% of the companies listed in the same industry.
SALM is valuated expensively when we compare the Price/Earnings ratio to 26.11, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 16.00, the valuation of SALM can be described as correct.
SALM's Price/Forward Earnings ratio is in line with the industry average.
SALM is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.21, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.28 | ||
| Fwd PE | 16 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SALM is valued a bit more expensive than 74.58% of the companies in the same industry.
62.71% 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 | 82.5 | ||
| EV/EBITDA | 23.82 |
4.3 Compensation for Growth
A more expensive valuation may be justified as SALM's earnings are expected to grow with 25.21% in the coming years.
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 3.71%.
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 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.71% |
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.
SALM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP429.58%
EPS Next 2Y28.02%
EPS Next 3Y25.21%
OSL:SALM (12/1/2025, 4:26:15 PM)
585
-6 (-1.02%)
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 Cap79.20B
Revenue(TTM)27.09B
Net Income(TTM)1.18B
Analysts73.33
Price Target614.32 (5.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.71% |
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)-2.66%
EPS NY rev (1m)-11.39%
EPS NY rev (3m)-19.19%
Revenue NQ rev (1m)-3.17%
Revenue NQ rev (3m)-4.93%
Revenue NY rev (1m)1.06%
Revenue NY rev (3m)-1.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.28 | ||
| Fwd PE | 16 | ||
| P/S | 2.92 | ||
| P/FCF | 82.5 | ||
| P/OCF | 26.17 | ||
| P/B | 4.7 | ||
| P/tB | N/A | ||
| EV/EBITDA | 23.82 |
EPS(TTM)12.92
EY2.21%
EPS(NY)36.56
Fwd EY6.25%
FCF(TTM)7.09
FCFY1.21%
OCF(TTM)22.35
OCFY3.82%
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 | 2.11 |
F-Score4
WACC7.7%
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 5Y9.49%
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 3 / 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.