SalMar ASA, an aquaculture company, produces and sells farmed salmon in Asia, the United States, Canada, Norway, rest of Europe, and internationally. More Details
Proven track record with adequate balance sheet.
Share Price & News
How has SalMar's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SALM is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SALM's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SALM exceeded the Norwegian Food industry which returned 18.5% over the past year.
Return vs Market: SALM exceeded the Norwegian Market which returned 29.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is SalMar's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWill Weakness in SalMar ASA's (OB:SALM) Stock Prove Temporary Given Strong Fundamentals?
1 month ago | Simply Wall StSalMar's (OB:SALM) Returns On Capital Not Reflecting Well On The Business
1 month ago | Simply Wall StAn Intrinsic Calculation For SalMar ASA (OB:SALM) Suggests It's 44% Undervalued
Is SalMar undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SALM (NOK589.6) is trading below our estimate of fair value (NOK973.07)
Significantly Below Fair Value: SALM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SALM is poor value based on its PE Ratio (29.1x) compared to the Norwegian Food industry average (27.4x).
PE vs Market: SALM is poor value based on its PE Ratio (29.1x) compared to the Norwegian market (14.5x).
Price to Earnings Growth Ratio
PEG Ratio: SALM is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: SALM is overvalued based on its PB Ratio (6.3x) compared to the NO Food industry average (2.6x).
How is SalMar forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SALM's forecast earnings growth (8.9% per year) is above the savings rate (1.2%).
Earnings vs Market: SALM's earnings (8.9% per year) are forecast to grow slower than the Norwegian market (9.9% per year).
High Growth Earnings: SALM's earnings are forecast to grow, but not significantly.
Revenue vs Market: SALM's revenue (7.4% per year) is forecast to grow faster than the Norwegian market (5.6% per year).
High Growth Revenue: SALM's revenue (7.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SALM's Return on Equity is forecast to be high in 3 years time (28.9%)
How has SalMar performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SALM has a high level of non-cash earnings.
Growing Profit Margin: SALM's current net profit margins (18.4%) are higher than last year (16.9%).
Past Earnings Growth Analysis
Earnings Trend: SALM's earnings have grown by 3.8% per year over the past 5 years.
Accelerating Growth: SALM's earnings growth over the past year (5.4%) exceeds its 5-year average (3.8% per year).
Earnings vs Industry: SALM earnings growth over the past year (5.4%) underperformed the Food industry 25.9%.
Return on Equity
High ROE: SALM's Return on Equity (21%) is considered high.
How is SalMar's financial position?
Financial Position Analysis
Short Term Liabilities: SALM's short term assets (NOK8.5B) exceed its short term liabilities (NOK4.3B).
Long Term Liabilities: SALM's short term assets (NOK8.5B) exceed its long term liabilities (NOK7.0B).
Debt to Equity History and Analysis
Debt Level: SALM's debt to equity ratio (47.5%) is considered high.
Reducing Debt: SALM's debt to equity ratio has increased from 30.6% to 47.5% over the past 5 years.
Debt Coverage: SALM's debt is well covered by operating cash flow (36.6%).
Interest Coverage: SALM's interest payments on its debt are well covered by EBIT (20.5x coverage).
What is SalMar current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SALM's dividend (3.39%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.03%).
High Dividend: SALM's dividend (3.39%) is low compared to the top 25% of dividend payers in the Norwegian market (5.32%).
Stability and Growth of Payments
Stable Dividend: SALM's dividend payments have been volatile in the past 10 years.
Growing Dividend: SALM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (98.7%), SALM's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SALM's dividends in 3 years are forecast to be covered by earnings (81.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gustav Witzoe (68 yo)
Mr. Gustav Magnar Witzøe co-founded SalMar ASA in 1991 and has been its Chief Executive Officer since October 21, 2019. Mr. Witzøe served as Director of Strategic Projects at SalMar ASA since December 1, 2...
CEO Compensation Analysis
Compensation vs Market: Gustav's total compensation ($USD238.38K) is below average for companies of similar size in the Norwegian market ($USD1.14M).
Compensation vs Earnings: Gustav's compensation has increased by more than 20% in the past year.
Experienced Management: SALM's management team is considered experienced (3.3 years average tenure).
Experienced Board: SALM's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.1%.
SalMar ASA's company bio, employee growth, exchange listings and data sources
- Name: SalMar ASA
- Ticker: SALM
- Exchange: OB
- Founded: 1991
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: kr69.318b
- Shares outstanding: 117.57m
- Website: https://www.salmar.no
Number of Employees
- SalMar ASA
- Industriveien 51
SalMar ASA, an aquaculture company, produces and sells farmed salmon in Asia, the United States, Canada, Norway, rest of Europe, and internationally. It is involved in the broodfish, lumpfish, and smolt pr...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/22 22:35|
|End of Day Share Price||2021/07/22 00:00|
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.