SALMAR ASA (SALM.OL) Stock Fundamental Analysis
Europe - OSL:SALM - NO0010310956 - Common Stock
557 NOK
-12.5 (-2.19%)
We assign a fundamental rating of 4 out of 10 to SALM. SALM was compared to 58 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. Finally SALM also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year SALM was profitable.
SALM had a positive operating cash flow in the past year.
Each year in the past 5 years SALM has been profitable.
In the past 5 years SALM always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 2.08%, SALM is not doing good in the industry: 63.79% of the companies in the same industry are doing better.
The Return On Equity of SALM (7.34%) is comparable to the rest of the industry.
SALM has a Return On Invested Capital of 3.33%. This is in the lower half of the industry: SALM underperforms 65.52% 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 7.46%.
| 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.
With a decent Operating Margin value of 10.66%, SALM is doing good in the industry, outperforming 68.97% of the companies in the same industry.
SALM's Operating Margin has declined in the last couple of years.
SALM has a better Gross Margin (49.66%) than 74.14% 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 | 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.
Compared to 1 year ago, SALM has about the same amount of shares outstanding.
The number of shares outstanding for SALM has been increased compared to 5 years ago.
The debt/assets ratio for SALM is higher compared to a year ago.
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.
SALM has a Altman-Z score (2.07) which is comparable to the rest of the industry.
SALM has a Debt/Equity ratio of 1.26. This is a high value indicating a heavy dependency on external 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 | 2.07 |
ROIC/WACC0.43
WACC7.66%
2.3 Liquidity
SALM has a Current Ratio of 1.75. This is a normal value and indicates that SALM is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of SALM (1.75) is better than 70.69% of its industry peers.
A Quick Ratio of 0.27 indicates that SALM may have some problems paying its short term obligations.
SALM has a worse Quick ratio (0.27) than 94.83% of its industry peers.
| 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.
The Earnings Per Share has been decreasing by -0.01% on average over the past years.
Looking at the last year, SALM shows a decrease in Revenue. The Revenue has decreased by -9.03% 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)-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
The Earnings Per Share is expected to grow by 23.70% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 11.39% on average over the next years. This is quite good.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 38.65, the valuation of SALM can be described as expensive.
SALM's Price/Earnings ratio is a bit more expensive when compared to the industry. SALM is more expensive than 72.41% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.51. SALM is valued slightly more expensive when compared to this.
The Price/Forward Earnings ratio is 16.01, which 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 is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.53, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.65 | ||
| Fwd PE | 16.01 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SALM indicates a slightly more expensive valuation: SALM is more expensive than 75.86% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 21.63 |
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
With a Yearly Dividend Yield of 3.83%, SALM has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.52, SALM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, SALM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.83% |
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.
SALM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP7.41%
EPS Next 2Y24.86%
EPS Next 3Y23.7%
OSL:SALM (11/3/2025, 4:19:57 PM)
557
-12.5 (-2.19%)
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 Cap75.41B
Revenue(TTM)25.40B
Net Income(TTM)1.16B
Analysts74.44
Price Target591.29 (6.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.83% |
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)5.27%
PT rev (3m)7.86%
EPS NQ rev (1m)22.25%
EPS NQ rev (3m)-67.12%
EPS NY rev (1m)0%
EPS NY rev (3m)-53.75%
Revenue NQ rev (1m)3.72%
Revenue NQ rev (3m)-4.66%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.65 | ||
| Fwd PE | 16.01 | ||
| P/S | 2.97 | ||
| P/FCF | N/A | ||
| P/OCF | 47.82 | ||
| P/B | 4.77 | ||
| P/tB | N/A | ||
| EV/EBITDA | 21.63 |
EPS(TTM)14.41
EY2.59%
EPS(NY)34.78
Fwd EY6.24%
FCF(TTM)-7.21
FCFYN/A
OCF(TTM)11.65
OCFY2.09%
SpS187.62
BVpS116.74
TBVpS-35.87
PEG (NY)N/A
PEG (5Y)N/A
Graham Number194.55
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%
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-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 | 2.07 |
F-Score3
WACC7.66%
ROIC/WACC0.43
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%
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 4 / 10.
Can you provide the financial health for SALM stock?
The financial health rating of SALMAR ASA (SALM.OL) is 2 / 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 -27.79% in the next year.