SALMAR ASA (SALM.OL) Fundamental Analysis & Valuation

OSL:SALM • NO0010310956

Current stock price

545.5 NOK
-16 (-2.85%)
Last:

This SALM.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. SALM.OL Profitability Analysis

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.
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

  • SALM has a worse Return On Assets (1.91%) than 64.52% of its industry peers.
  • With a Return On Equity value of 6.23%, SALM perfoms like the industry average, outperforming 43.55% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 4.39%, SALM is in line with its industry, outperforming 43.55% of the companies in the same industry.
  • SALM had an Average Return On Invested Capital over the past 3 years of 7.92%. This is in line with the industry average of 7.10%.
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)7.92%
ROIC(5y)8.29%
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 51.61% of the companies in the same industry.
  • SALM's Profit Margin has declined in the last couple of years.
  • SALM has a Operating Margin of 11.15%. This is in the better half of the industry: SALM outperforms 74.19% of its industry peers.
  • In the last couple of years the Operating Margin of SALM has declined.
  • The Gross Margin of SALM (48.45%) is better than 72.58% of its industry peers.
  • In the last couple of years the Gross Margin of SALM has declined.
Industry RankSector Rank
OM 11.15%
PM (TTM) 4.03%
GM 48.45%
OM growth 3Y-21%
OM growth 5Y-12.01%
PM growth 3Y-37.38%
PM growth 5Y-23.43%
GM growth 3Y-2.26%
GM growth 5Y-2.16%
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

3

2. SALM.OL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SALM is creating some value.
  • SALM has more shares outstanding than it did 1 year ago.
  • SALM has more shares outstanding than it did 5 years ago.
  • 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

  • An Altman-Z score of 2.11 indicates that SALM is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.11, SALM is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • The Debt to FCF ratio of SALM is 17.79, which is on the high side as it means it would take SALM, 17.79 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of SALM (17.79) is comparable to the rest of the industry.
  • 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 79.03% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF 17.79
Altman-Z 2.11
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

  • A Current Ratio of 2.05 indicates that SALM has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.05, SALM is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
  • SALM has a Quick Ratio of 2.05. 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 0.32, SALM is not doing good in the industry: 95.16% of the companies in the same industry are doing better.
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

4

3. SALM.OL Growth Analysis

3.1 Past

  • The earnings per share for SALM have decreased strongly by -45.05% in the last year.
  • Measured over the past years, SALM shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.46% on average per year.
  • SALM shows a small growth in Revenue. In the last year, the Revenue has grown by 3.66%.
  • The Revenue has been growing by 16.23% on average over the past years. This is quite good.
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

  • The Earnings Per Share is expected to grow by 55.64% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 6.57% on average over the next years.
EPS Next Y171.38%
EPS Next 2Y87.61%
EPS Next 3Y55.64%
EPS Next 5YN/A
Revenue Next Year11.45%
Revenue Next 2Y11.35%
Revenue Next 3Y10.2%
Revenue Next 5Y6.57%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SALM.OL Yearly Revenue VS EstimatesSALM.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 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 2028 10 20 30 40

4

4. SALM.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 44.49, the valuation of SALM can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of SALM indicates a slightly more expensive valuation: SALM is more expensive than 69.35% of the companies listed in the same industry.
  • SALM's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.95.
  • With a Price/Forward Earnings ratio of 16.40, SALM is valued correctly.
  • The rest of the industry has a similar Price/Forward Earnings ratio as SALM.
  • SALM is valuated cheaply when we compare the Price/Forward Earnings ratio to 38.68, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 44.49
Fwd PE 16.4
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

  • SALM's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. SALM is more expensive than 70.97% of the companies in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as SALM.
Industry RankSector Rank
P/FCF 56.47
EV/EBITDA 19.71
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.
  • A more expensive valuation may be justified as SALM's earnings are expected to grow with 55.64% in the coming years.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y87.61%
EPS Next 3Y55.64%

4

5. SALM.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.80%, SALM has a reasonable but not impressive dividend return.
  • SALM's Dividend Yield is comparable with the industry average which is at 2.37.
  • Compared to an average S&P500 Dividend Yield of 1.81, SALM has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.8%

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

  • SALM pays out 273.67% 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.
DP273.67%
EPS Next 2Y87.61%
EPS Next 3Y55.64%
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

SALM.OL Fundamentals: All Metrics, Ratios and Statistics

SALMAR ASA

OSL:SALM (4/21/2026, 4:19:49 PM)

545.5

-16 (-2.85%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)02-10
Earnings (Next)05-20
Inst Owners76.48%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap73.97B
Revenue(TTM)27.39B
Net Income(TTM)1.10B
Analysts75.79
Price Target626 (14.76%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.8%
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)1
Avg EPS beat(4)-2.4%
Min EPS beat(4)-47.87%
Max EPS beat(4)104.75%
EPS beat(8)2
Avg EPS beat(8)-6.89%
EPS beat(12)3
Avg EPS beat(12)-19.79%
EPS beat(16)3
Avg EPS beat(16)-20.66%
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)2
Avg Revenue beat(4)-5.38%
Min Revenue beat(4)-11.42%
Max Revenue beat(4)0.87%
Revenue beat(8)3
Avg Revenue beat(8)-3.35%
Revenue beat(12)5
Avg Revenue beat(12)-2.02%
Revenue beat(16)8
Avg Revenue beat(16)-0.85%
PT rev (1m)-0.3%
PT rev (3m)0.84%
EPS NQ rev (1m)0.55%
EPS NQ rev (3m)-35.44%
EPS NY rev (1m)-2.38%
EPS NY rev (3m)-7.32%
Revenue NQ rev (1m)1.86%
Revenue NQ rev (3m)-8.66%
Revenue NY rev (1m)-1.82%
Revenue NY rev (3m)-4.36%
Valuation
Industry RankSector Rank
PE 44.49
Fwd PE 16.4
P/S 2.7
P/FCF 56.47
P/OCF 22.69
P/B 4.17
P/tB N/A
EV/EBITDA 19.71
EPS(TTM)12.26
EY2.25%
EPS(NY)33.27
Fwd EY6.1%
FCF(TTM)9.66
FCFY1.77%
OCF(TTM)24.04
OCFY4.41%
SpS202.02
BVpS130.86
TBVpS-35
PEG (NY)0.26
PEG (5Y)N/A
Graham Number189.996 (-65.17%)
Profitability
Industry RankSector Rank
ROA 1.91%
ROE 6.23%
ROCE 6.26%
ROIC 4.39%
ROICexc 4.46%
ROICexgc 8.38%
OM 11.15%
PM (TTM) 4.03%
GM 48.45%
FCFM 4.78%
ROA(3y)4.46%
ROA(5y)5.6%
ROE(3y)12.96%
ROE(5y)15.15%
ROIC(3y)7.92%
ROIC(5y)8.29%
ROICexc(3y)8.05%
ROICexc(5y)8.54%
ROICexgc(3y)14.27%
ROICexgc(5y)14.75%
ROCE(3y)11.57%
ROCE(5y)11.99%
ROICexgc growth 3Y-16.19%
ROICexgc growth 5Y-16.41%
ROICexc growth 3Y-17.13%
ROICexc growth 5Y-17.7%
OM growth 3Y-21%
OM growth 5Y-12.01%
PM growth 3Y-37.38%
PM growth 5Y-23.43%
GM growth 3Y-2.26%
GM growth 5Y-2.16%
F-Score5
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF 17.79
Debt/EBITDA 4.05
Cap/Depr 99.8%
Cap/Sales 7.12%
Interest Coverage 2.15
Cash Conversion 65.1%
Profit Quality 118.55%
Current Ratio 2.05
Quick Ratio 0.32
Altman-Z 2.11
F-Score5
WACC7.73%
ROIC/WACC0.57
Cap/Depr(3y)136.19%
Cap/Depr(5y)184.17%
Cap/Sales(3y)8.41%
Cap/Sales(5y)10.44%
Profit Quality(3y)143.19%
Profit Quality(5y)104.05%
High Growth Momentum
Growth
EPS 1Y (TTM)-45.05%
EPS 3Y-20.87%
EPS 5Y-8.46%
EPS Q2Q%-9.03%
EPS Next Y171.38%
EPS Next 2Y87.61%
EPS Next 3Y55.64%
EPS Next 5YN/A
Revenue 1Y (TTM)3.66%
Revenue growth 3Y10.76%
Revenue growth 5Y16.23%
Sales Q2Q%3.81%
Revenue Next Year11.45%
Revenue Next 2Y11.35%
Revenue Next 3Y10.2%
Revenue Next 5Y6.57%
EBIT growth 1Y-41.72%
EBIT growth 3Y-12.5%
EBIT growth 5Y2.27%
EBIT Next Year158.3%
EBIT Next 3Y48.76%
EBIT Next 5YN/A
FCF growth 1Y-53.2%
FCF growth 3Y-15.05%
FCF growth 5YN/A
OCF growth 1Y-39.42%
OCF growth 3Y-10.79%
OCF growth 5Y0.51%

SALMAR ASA / SALM.OL Fundamental Analysis 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.


What is the profitability of SALM stock?

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


What are the PE and PB ratios of SALMAR ASA (SALM.OL) stock?

The Price/Earnings (PE) ratio for SALMAR ASA (SALM.OL) is 44.49 and the Price/Book (PB) ratio is 4.17.


How financially healthy is SALMAR ASA?

The financial health rating of SALMAR ASA (SALM.OL) is 3 / 10.