SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:SALM - NO0010310956 - Common Stock
551.75 NOK
-19.25 (-3.37%)
Overall SALM gets a fundamental rating of 4 out of 10. We evaluated SALM against 64 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
- SALM had positive earnings in the past year.
- In the past year SALM had a positive cash flow from operations.
- 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.
1.2 Ratios
- SALM has a Return On Assets of 2.04%. This is comparable to the rest of the industry: SALM outperforms 42.19% of its industry peers.
- SALM has a Return On Equity of 7.00%. This is comparable to the rest of the industry: SALM outperforms 50.00% of its industry peers.
- The Return On Invested Capital of SALM (2.74%) is worse than 68.75% 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 7.95%.
- 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
- The Profit Margin of SALM (4.36%) is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of SALM has declined.
- With a Operating Margin value of 8.93%, SALM perfoms like the industry average, outperforming 59.38% of the companies in the same industry.
- SALM's Operating Margin has declined in the last couple of years.
- SALM has a Gross Margin of 46.22%. This is in the better half of the industry: SALM outperforms 71.88% 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
- SALM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- The number of shares outstanding for SALM remains at a similar level compared to 1 year ago.
- SALM has more shares outstanding than it did 5 years ago.
- SALM has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.07 indicates that SALM is not a great score, but indicates only limited risk for bankruptcy at the moment.
- The Altman-Z score of SALM (2.07) 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.
- SALM's Debt to FCF ratio of 25.07 is on the low side compared to the rest of the industry. SALM is outperformed by 62.50% of its industry peers.
- 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: 78.13% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 25.07 | ||
| Altman-Z | 2.07 |
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.
- With an excellent Current ratio value of 2.18, SALM belongs to the best of the industry, outperforming 84.38% of the companies in the same industry.
- 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: 84.38% 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%.
- The Earnings Per Share has been decreasing by -0.01% on average over the past years.
- Looking at the last year, SALM shows a small growth in Revenue. The Revenue has grown by 1.97% in the last year.
- SALM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.65% yearly.
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
- SALM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.89% yearly.
- The Revenue is expected to grow by 9.49% on average over the next years. This is quite good.
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
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- SALM is valuated quite expensively with a Price/Earnings ratio of 42.71.
- Based on the Price/Earnings ratio, SALM is valued a bit more expensive than the industry average as 65.63% of the companies are valued more cheaply.
- SALM is valuated expensively when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
- SALM is valuated correctly with a Price/Forward Earnings ratio of 15.37.
- SALM's Price/Forward Earnings ratio is in line with the industry average.
- SALM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.29, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.71 | ||
| Fwd PE | 15.37 |
4.2 Price Multiples
- 76.56% of the companies in the same industry are cheaper than SALM, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, SALM is valued a bit more expensive than the industry average as 60.94% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 77.81 | ||
| EV/EBITDA | 23.2 |
4.3 Compensation for Growth
- A more expensive valuation may be justified as SALM's earnings are expected to grow with 24.89% in the coming years.
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 3.80%. Purely for dividend investing, there may be better candidates out there.
- SALM's Dividend Yield is a higher than the industry average which is at 2.42.
- SALM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.8% |
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
- 429.58% 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.
DP429.58%
EPS Next 2Y26.85%
EPS Next 3Y24.89%
OSL:SALM (1/19/2026, 3:44:54 PM)
551.75
-19.25 (-3.37%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)11-06 2025-11-06/bmo
Earnings (Next)02-10 2026-02-10/amc
Inst Owners77.58%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap74.70B
Revenue(TTM)27.09B
Net Income(TTM)1.18B
Analysts75.29
Price Target620.81 (12.52%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.8% |
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)0.33%
EPS NY rev (1m)-3.02%
EPS NY rev (3m)-14.19%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.36%
Revenue NY rev (1m)-0.74%
Revenue NY rev (3m)-2.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.71 | ||
| Fwd PE | 15.37 | ||
| P/S | 2.76 | ||
| P/FCF | 77.81 | ||
| P/OCF | 24.69 | ||
| P/B | 4.43 | ||
| P/tB | N/A | ||
| EV/EBITDA | 23.2 |
EPS(TTM)12.92
EY2.34%
EPS(NY)35.9
Fwd EY6.51%
FCF(TTM)7.09
FCFY1.29%
OCF(TTM)22.35
OCFY4.05%
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 | 2.07 |
F-Score4
WACC7.68%
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%.