SalMar Valuation
Is SALMO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of SALMO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SALMO (NOK548.75) is trading below our estimate of fair value (NOK1907.26)
Significantly Below Fair Value: SALMO is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SALMO?
Key metric: As SALMO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
What is SALMO's PE Ratio? | |
---|---|
PE Ratio | 21.2x |
Earnings | NOK 3.28b |
Market Cap | NOK 69.45b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 3.5x |
Enterprise Value/EBITDA | 13.7x |
PEG Ratio | 0.6x |
Price to Earnings Ratio vs Peers
How does SALMO's PE Ratio compare to its peers?
Company | Forward PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 16x | ||
CWK Cranswick | 21.6x | 8.2% | UK£2.5b |
TATE Tate & Lyle | 18.1x | 15.1% | UK£2.8b |
ABF Associated British Foods | 10x | 5.6% | UK£14.6b |
PFD Premier Foods | 14.3x | 6.5% | UK£1.6b |
SALMO SalMar | 21.2x | 32.8% | NOK 69.5b |
Price-To-Earnings vs Peers: SALMO is expensive based on its Price-To-Earnings Ratio (21.2x) compared to the peer average (16x).
Price to Earnings Ratio vs Industry
How does SALMO's PE Ratio compare vs other companies in the European Food Industry?
4 Companies | Price / Earnings | Estimated Growth | Market Cap |
---|---|---|---|
4 Companies | Estimated Growth | Market Cap | |
---|---|---|---|
Price-To-Earnings vs Industry: SALMO is expensive based on its Price-To-Earnings Ratio (21.2x) compared to the European Food industry average (13.8x).
Price to Earnings Ratio vs Fair Ratio
What is SALMO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 21.2x |
Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SALMO's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
---|---|---|---|---|---|---|---|
Current | NOK 548.75 | NOK 644.00 +17.4% | 11.5% | NOK 781.00 | NOK 525.00 | n/a | 9 |
Jan ’26 | n/a | NOK 644.00 0% | 11.5% | NOK 781.00 | NOK 525.00 | n/a | 9 |
Dec ’25 | NOK 595.25 | NOK 620.00 +4.2% | 10.8% | NOK 705.00 | NOK 520.00 | n/a | 8 |
Nov ’25 | NOK 589.50 | NOK 637.38 +8.1% | 12.1% | NOK 740.00 | NOK 520.00 | n/a | 8 |
Oct ’25 | NOK 524.25 | NOK 652.63 +24.5% | 12.1% | NOK 760.00 | NOK 520.00 | n/a | 8 |
Sep ’25 | n/a | NOK 678.00 0% | 9.2% | NOK 760.00 | NOK 556.00 | n/a | 8 |
Aug ’25 | NOK 631.75 | NOK 677.00 +7.2% | 8.3% | NOK 760.00 | NOK 580.00 | n/a | 9 |
Jul ’25 | NOK 559.50 | NOK 685.00 +22.4% | 9.1% | NOK 770.00 | NOK 580.00 | n/a | 9 |
Jun ’25 | n/a | NOK 698.89 0% | 8.8% | NOK 820.00 | NOK 630.00 | n/a | 9 |
May ’25 | n/a | NOK 710.13 0% | 7.8% | NOK 820.00 | NOK 640.00 | n/a | 8 |
Apr ’25 | NOK 710.30 | NOK 699.00 -1.6% | 7.7% | NOK 820.00 | NOK 650.00 | n/a | 8 |
Mar ’25 | NOK 672.60 | NOK 670.75 -0.3% | 5.9% | NOK 730.00 | NOK 600.00 | n/a | 8 |
Feb ’25 | NOK 583.90 | NOK 652.38 +11.7% | 4.8% | NOK 705.00 | NOK 600.00 | n/a | 8 |
Jan ’25 | NOK 562.90 | NOK 615.00 +9.3% | 10.6% | NOK 680.00 | NOK 480.00 | n/a | 8 |
Dec ’24 | NOK 593.40 | NOK 615.00 +3.6% | 10.6% | NOK 680.00 | NOK 480.00 | NOK 595.25 | 8 |
Nov ’24 | n/a | NOK 581.25 0% | 7.8% | NOK 625.00 | NOK 480.00 | NOK 589.50 | 8 |
Oct ’24 | n/a | NOK 569.38 0% | 10.5% | NOK 630.00 | NOK 460.00 | NOK 524.25 | 8 |
Sep ’24 | n/a | NOK 548.75 0% | 9.2% | NOK 605.00 | NOK 460.00 | n/a | 8 |
Aug ’24 | n/a | NOK 561.88 0% | 11.9% | NOK 652.00 | NOK 460.00 | NOK 631.75 | 8 |
Jul ’24 | n/a | NOK 561.88 0% | 11.9% | NOK 652.00 | NOK 460.00 | NOK 559.50 | 8 |
Jun ’24 | NOK 487.55 | NOK 553.13 +13.4% | 14.2% | NOK 652.00 | NOK 420.00 | n/a | 8 |
May ’24 | n/a | NOK 503.56 0% | 13.5% | NOK 630.00 | NOK 370.00 | n/a | 9 |
Apr ’24 | NOK 428.80 | NOK 491.44 +14.6% | 13.9% | NOK 630.00 | NOK 370.00 | NOK 710.30 | 9 |
Mar ’24 | NOK 425.40 | NOK 492.78 +15.8% | 13.9% | NOK 630.00 | NOK 370.00 | NOK 672.60 | 9 |
Feb ’24 | NOK 453.00 | NOK 446.00 -1.5% | 16.6% | NOK 580.00 | NOK 343.00 | NOK 583.90 | 9 |
Jan ’24 | NOK 377.20 | NOK 434.44 +15.2% | 22.7% | NOK 640.00 | NOK 339.00 | NOK 562.90 | 9 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
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Company Analysis | 2025/01/09 12:47 |
End of Day Share Price | 2025/01/07 00:00 |
Earnings | 2024/09/30 |
Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package | Data | Timeframe | Example US Source * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
SalMar ASA is covered by 21 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst | Institution |
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null null | ABG Sundal Collier |
Thomas Lorck | Arctic Securities ASA |
Alexander Sloane | Barclays |