Update shared on04 Sep 2025
SalMar’s valuation outlook remains steady, with both the forward P/E and consensus revenue growth forecasts showing minimal change, resulting in the analyst price target holding firm at NOK527.14.
What's in the News
- SalMar launched a share repurchase program to buy back up to 13.4 million shares (10% of capital) by June 2026, with an additional program to repurchase up to 100,000 shares for NOK 65 million by end-September 2025 to facilitate employee share-based incentives.
- 2025 production guidance was raised to 298,000 tonnes, reflecting an 18% increase versus 2024, supported by strong growth in Northern Norway and the addition of Wilsgård.
- Reported Q2 2025 harvest volume was 64,500 tonnes, with breakdown: Central Norway 33.9k, Northern Norway 20.6k, SalMar Ocean 6.0k, Icelandic Salmon 4.0k tonnes.
- AGM approved a dividend of NOK 22.00 per share for 2024 and authorized the board to increase share capital to fund investments and acquisitions.
Valuation Changes
Summary of Valuation Changes for SalMar
- The Consensus Analyst Price Target remained effectively unchanged, at NOK527.14.
- The Future P/E for SalMar remained effectively unchanged, moving only marginally from 11.04x to 10.88x.
- The Consensus Revenue Growth forecasts for SalMar remained effectively unchanged, at 12.6% per annum.
Disclaimer
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