SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - OSL:SALM - NO0010310956 - Common Stock
554 NOK
+6 (+1.09%)
SALM gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 58 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. SALM also has an excellent dividend rating.
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.
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
Looking at the Return On Assets, with a value of 2.08%, SALM is doing worse than 60.34% of the companies in the same industry.
SALM has a Return On Equity of 7.34%. This is comparable to the rest of the industry: SALM outperforms 48.28% of its industry peers.
SALM has a worse Return On Invested Capital (3.33%) than 63.79% 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 7.47%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 7.34% | ||
| ROIC | 3.33% |
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 (4.57%) which is in line with its industry peers.
SALM's Profit Margin has declined in the last couple of years.
SALM has a Operating Margin of 10.66%. This is in the better half of the industry: SALM outperforms 72.41% of its industry peers.
In the last couple of years the Operating Margin of SALM has declined.
Looking at the Gross Margin, with a value of 49.66%, SALM is in the better half of the industry, outperforming 72.41% of the companies in the same industry.
SALM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.66% | ||
| PM (TTM) | 4.57% | ||
| GM | 49.66% |
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.
Compared to 5 years ago, SALM has more shares outstanding
SALM has a worse debt/assets ratio than last year.
2.2 Solvency
SALM has an Altman-Z score of 2.02. 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 (2.02) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.26 is on the high side and indicates that SALM has dependencies on debt financing.
With a Debt to Equity ratio value of 1.26, SALM is not doing good in the industry: 79.31% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.26 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.02 |
ROIC/WACC0.44
WACC7.61%
2.3 Liquidity
A Current Ratio of 1.75 indicates that SALM should not have too much problems paying its short term obligations.
SALM's Current ratio of 1.75 is fine compared to the rest of the industry. SALM outperforms 65.52% of its industry peers.
SALM has a Quick Ratio of 1.75. This is a bad value and indicates that SALM is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.27, SALM is doing worse than 94.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 0.27 |
3. Growth
3.1 Past
The earnings per share for SALM have decreased strongly by -38.06% in the last year.
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.
Looking at the last year, SALM shows a decrease in Revenue. The Revenue has decreased by -9.03% 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)-38.06%
EPS 3Y7.44%
EPS 5Y-0.01%
EPS Q2Q%-69.71%
Revenue 1Y (TTM)-9.03%
Revenue growth 3Y20.66%
Revenue growth 5Y16.65%
Sales Q2Q%5.77%
3.2 Future
SALM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.70% yearly.
Based on estimates for the next years, SALM will show a quite strong growth in Revenue. The Revenue will grow by 11.39% on average per year.
EPS Next Y-27.79%
EPS Next 2Y24.86%
EPS Next 3Y23.7%
EPS Next 5YN/A
Revenue Next Year8.69%
Revenue Next 2Y12.79%
Revenue Next 3Y11.68%
Revenue Next 5Y11.39%
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 estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 38.45, SALM can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of SALM indicates a slightly more expensive valuation: SALM is more expensive than 70.69% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.86, SALM is valued a bit more expensive.
A Price/Forward Earnings ratio of 15.93 indicates a correct valuation of SALM.
SALM's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of SALM to the average of the S&P500 Index (23.32), we can say SALM is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.45 | ||
| Fwd PE | 15.93 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SALM is valued a bit more expensive than the industry average as 74.14% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 20.99 |
4.3 Compensation for Growth
SALM's earnings are expected to grow with 23.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y24.86%
EPS Next 3Y23.7%
5. Dividend
5.1 Amount
SALM has a Yearly Dividend Yield of 4.10%, which is a nice return.
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 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.1% |
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 7.41% of its income as dividend. This is a sustainable payout ratio.
The dividend of SALM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP7.41%
EPS Next 2Y24.86%
EPS Next 3Y23.7%
OSL:SALM (10/6/2025, 4:19:49 PM)
554
+6 (+1.09%)
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 Cap75.01B
Analysts74.44
Price Target567.83 (2.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.1% |
Yearly Dividend35.51
Dividend Growth(5Y)8.89%
DP7.41%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)29.34%
Min EPS beat(2)-46.06%
Max EPS beat(2)104.75%
EPS beat(4)2
Avg EPS beat(4)12.2%
Min EPS beat(4)-46.06%
Max EPS beat(4)104.75%
EPS beat(8)2
Avg EPS beat(8)-3.03%
EPS beat(12)3
Avg EPS beat(12)-15.4%
EPS beat(16)3
Avg EPS beat(16)-19.18%
Revenue beat(2)2
Avg Revenue beat(2)0.51%
Min Revenue beat(2)0.15%
Max Revenue beat(2)0.87%
Revenue beat(4)2
Avg Revenue beat(4)-0.86%
Min Revenue beat(4)-4.35%
Max Revenue beat(4)0.87%
Revenue beat(8)4
Avg Revenue beat(8)-1.28%
Revenue beat(12)6
Avg Revenue beat(12)-0.13%
Revenue beat(16)9
Avg Revenue beat(16)0.69%
PT rev (1m)4.75%
PT rev (3m)1.94%
EPS NQ rev (1m)-56.93%
EPS NQ rev (3m)-71.93%
EPS NY rev (1m)-8.8%
EPS NY rev (3m)-53.75%
Revenue NQ rev (1m)1.31%
Revenue NQ rev (3m)-9.57%
Revenue NY rev (1m)-2.6%
Revenue NY rev (3m)-8.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.45 | ||
| Fwd PE | 15.93 | ||
| P/S | 2.95 | ||
| P/FCF | N/A | ||
| P/OCF | 47.56 | ||
| P/B | 4.75 | ||
| P/tB | N/A | ||
| EV/EBITDA | 20.99 |
EPS(TTM)14.41
EY2.6%
EPS(NY)34.78
Fwd EY6.28%
FCF(TTM)-7.21
FCFYN/A
OCF(TTM)11.65
OCFY2.1%
SpS187.62
BVpS116.74
TBVpS-35.87
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 7.34% | ||
| ROCE | 5.96% | ||
| ROIC | 3.33% | ||
| ROICexc | 3.36% | ||
| ROICexgc | 6.23% | ||
| OM | 10.66% | ||
| PM (TTM) | 4.57% | ||
| GM | 49.66% | ||
| FCFM | N/A |
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%
ROICexcg growth 3Y-3.4%
ROICexcg 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-Score3
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.26 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.37 | ||
| Cap/Depr | 137.11% | ||
| Cap/Sales | 10.05% | ||
| Interest Coverage | 1.98 | ||
| Cash Conversion | 34.52% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.75 | ||
| Quick Ratio | 0.27 | ||
| Altman-Z | 2.02 |
F-Score3
WACC7.61%
ROIC/WACC0.44
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)-38.06%
EPS 3Y7.44%
EPS 5Y-0.01%
EPS Q2Q%-69.71%
EPS Next Y-27.79%
EPS Next 2Y24.86%
EPS Next 3Y23.7%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.03%
Revenue growth 3Y20.66%
Revenue growth 5Y16.65%
Sales Q2Q%5.77%
Revenue Next Year8.69%
Revenue Next 2Y12.79%
Revenue Next 3Y11.68%
Revenue Next 5Y11.39%
EBIT growth 1Y-59.9%
EBIT growth 3Y15.83%
EBIT growth 5Y12.08%
EBIT Next Year17.86%
EBIT Next 3Y28.69%
EBIT Next 5YN/A
FCF growth 1Y-120.62%
FCF growth 3Y59.94%
FCF growth 5Y10.72%
OCF growth 1Y-73.83%
OCF growth 3Y22.76%
OCF growth 5Y12.18%