SalMar ASA

LSE:0FWY Stock Report

Market Cap: NOK 75.3b

SalMar Valuation

Is 0FWY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation 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 0FWY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
NOK 2.11k
Fair Value
72.5% undervalued intrinsic discount
9
Number of Analysts

Below Fair Value: 0FWY (NOK580.5) is trading below our estimate of fair value (NOK2108.37)

Significantly Below Fair Value: 0FWY is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0FWY?

Key metric: As 0FWY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0FWY. This is calculated by dividing 0FWY's market cap by their current earnings.
What is 0FWY's PE Ratio?
PE Ratio23x
EarningsNOK 3.28b
Market CapNOK 75.32b

Price to Earnings Ratio vs Peers

How does 0FWY's PE Ratio compare to its peers?

The above table shows the PE ratio for 0FWY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.5x
CWK Cranswick
23.1x8.0%UK£2.7b
TATE Tate & Lyle
18.6x14.3%UK£2.9b
ABF Associated British Foods
9.6x4.8%UK£14.1b
PFD Premier Foods
14.6x7.1%UK£1.6b
0FWY SalMar
23.5x28.9%NOK 75.3b

Price-To-Earnings vs Peers: 0FWY is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the peer average (16.4x).

Price to Earnings Ratio vs Industry

How does 0FWY's PE Ratio compare vs other companies in the European Food Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0FWY 23.0xIndustry Avg. 14.1xNo. of Companies20PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0FWY is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the European Food industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0FWY'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.

0FWY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23x
Fair PE Ratio25.5x

Price-To-Earnings vs Fair Ratio: 0FWY is good value based on its Price-To-Earnings Ratio (23.5x) compared to the estimated Fair Price-To-Earnings Ratio (25.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0FWY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 580.50
NOK 645.00
+11.1%
11.6%NOK 781.00NOK 525.00n/a9
Jan ’26NOK 542.88
NOK 644.00
+18.6%
11.5%NOK 781.00NOK 525.00n/a9
Dec ’25NOK 575.56
NOK 620.00
+7.7%
10.8%NOK 705.00NOK 520.00n/a8
Nov ’25NOK 555.88
NOK 637.38
+14.7%
12.1%NOK 740.00NOK 520.00n/a8
Oct ’25NOK 564.00
NOK 652.63
+15.7%
12.1%NOK 760.00NOK 520.00n/a8
Sep ’25NOK 549.00
NOK 678.00
+23.5%
9.2%NOK 760.00NOK 556.00n/a8
Aug ’25NOK 620.27
NOK 677.00
+9.1%
8.3%NOK 760.00NOK 580.00n/a9
Jul ’25NOK 554.37
NOK 685.00
+23.6%
9.1%NOK 770.00NOK 580.00n/a9
Jun ’25NOK 630.77
NOK 698.89
+10.8%
8.8%NOK 820.00NOK 630.00n/a9
May ’25NOK 699.43
NOK 710.13
+1.5%
7.8%NOK 820.00NOK 640.00n/a8
Apr ’25NOK 715.40
NOK 699.00
-2.3%
7.7%NOK 820.00NOK 650.00n/a8
Mar ’25NOK 684.20
NOK 670.75
-2.0%
5.9%NOK 730.00NOK 600.00n/a8
Feb ’25NOK 581.34
NOK 652.38
+12.2%
4.8%NOK 705.00NOK 600.00n/a8
Jan ’25NOK 565.37
NOK 615.00
+8.8%
10.6%NOK 680.00NOK 480.00NOK 542.888
Dec ’24NOK 594.00
NOK 615.00
+3.5%
10.6%NOK 680.00NOK 480.00NOK 575.568
Nov ’24NOK 530.60
NOK 581.25
+9.5%
7.8%NOK 625.00NOK 480.00NOK 555.888
Oct ’24NOK 544.60
NOK 569.38
+4.5%
10.5%NOK 630.00NOK 460.00NOK 564.008
Sep ’24NOK 524.89
NOK 548.75
+4.5%
9.2%NOK 605.00NOK 460.00NOK 549.008
Aug ’24NOK 469.75
NOK 561.88
+19.6%
11.9%NOK 652.00NOK 460.00NOK 620.278
Jul ’24NOK 434.46
NOK 561.88
+29.3%
11.9%NOK 652.00NOK 460.00NOK 554.378
Jun ’24NOK 487.82
NOK 553.13
+13.4%
14.2%NOK 652.00NOK 420.00NOK 630.778
May ’24NOK 470.61
NOK 503.56
+7.0%
13.5%NOK 630.00NOK 370.00NOK 699.439
Apr ’24NOK 452.80
NOK 491.44
+8.5%
13.9%NOK 630.00NOK 370.00NOK 715.409
Mar ’24NOK 430.20
NOK 492.78
+14.5%
13.9%NOK 630.00NOK 370.00NOK 684.209
Feb ’24NOK 468.32
NOK 446.00
-4.8%
16.6%NOK 580.00NOK 343.00NOK 581.349
Jan ’24NOK 391.10
NOK 434.44
+11.1%
22.7%NOK 640.00NOK 339.00NOK 565.379
Analyst Price Target
Consensus Narrative from 9 Analysts
NOK 639.49
Fair Value
9.2% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/23 13:47
End of Day Share Price 2025/01/22 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
null nullABG Sundal Collier
Thomas LorckArctic Securities ASA
Alexander SloaneBarclays