How does SALM's PE Ratio compare to its peers?

SALM is good value based on its Price-To-Earnings Ratio (22.7x) compared to the peer average (24x).

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

SALM is expensive based on its Price-To-Earnings Ratio (22.7x) compared to the European Food industry average (13.3x).

What is SALM'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.

SALM is expensive based on its Price-To-Earnings Ratio (22.7x) compared to the estimated Fair Price-To-Earnings Ratio (19.9x).

What is the Fair Price of SALM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SALM (NOK564.5) is trading below our estimate of [[fair value]] (NOK1551.04)

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

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

SalMar (OB:SALM) - Stock Price, News & Analysis

SALM Stock Overview

An aquaculture company, produces and sells farmed salmon in Asia, North America, Europe, and internationally. More details

SALM fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	5/6
Past Performance	5/6
Financial Health	3/6
Dividends	2/6

Rewards

Trading at 63.6% below our estimate of its fair value

Earnings are forecast to grow 30.02% per year

Earnings grew by 242.3% over the past year

Risk Analysis

Dividend of 6.2% is not well covered by earnings or free cash flows

Has a high level of debt

SalMar ASA Competitors

Orkla

OB:ORK

NOK 97.6b

Mowi

OB:MOWI

NOK 103.0b

P/F Bakkafrost

OB:BAKKA

NOK 38.0b

Lerøy Seafood Group

OB:LSG

NOK 30.0b

Price History & Performance

Summary of all time highs, changes and price drops for SalMar
Historical stock prices
Current Share Price	NOK 564.50
52 Week High	NOK 717.60
52 Week Low	NOK 520.00
Beta	0.77
11 Month Change	-2.17%
3 Month Change	-2.84%
1 Year Change	-4.00%
33 Year Change	-6.29%
5 Year Change	34.53%
Change since IPO	1,347.44%

Pinning Down SalMar ASA's (OB:SALM) P/E Is Difficult Right Now

Sep 09

Recent updates

SalMar (OB:SALM) Has Announced That It Will Be Increasing Its Dividend To NOK35.00

Apr 28

Is SalMar (OB:SALM) Using Too Much Debt?

Mar 20

SalMar's (OB:SALM) Soft Earnings Don't Show The Whole Picture

Feb 22

Why Investors Shouldn't Be Surprised By SalMar ASA's (OB:SALM) P/S

Jan 23

Here's Why SalMar (OB:SALM) Can Manage Its Debt Responsibly

Dec 06

Is There An Opportunity With SalMar ASA's (OB:SALM) 42% Undervaluation?

Sep 22

SalMar (OB:SALM) Seems To Use Debt Quite Sensibly

Aug 26

With EPS Growth And More, SalMar (OB:SALM) Makes An Interesting Case

Aug 01

SalMar (OB:SALM) Has Announced A Dividend Of NOK20.00

May 17

SalMar ASA (OB:SALM) Shares Could Be 32% Below Their Intrinsic Value Estimate

May 08

These 4 Measures Indicate That SalMar (OB:SALM) Is Using Debt Reasonably Well

Apr 23

SalMar (OB:SALM) Is Paying Out A Dividend Of NOK20.00

Apr 05

Is SalMar (OB:SALM) Using Too Much Debt?

Dec 22

Is SalMar ASA (OB:SALM) Trading At A 27% Discount?

Nov 17

SalMar (OB:SALM) Seems To Use Debt Quite Sensibly

Sep 15

Calculating The Fair Value Of SalMar ASA (OB:SALM)

Aug 18

SalMar (OB:SALM) Is Due To Pay A Dividend Of kr20.00

May 04

SalMar (OB:SALM) Has Re-Affirmed Its Dividend Of kr20.00

Apr 20

SalMar (OB:SALM) Has Affirmed Its Dividend Of kr20.00

Apr 06

SalMar (OB:SALM) Will Pay A Dividend Of kr20.00

Mar 23

SalMar's (OB:SALM) Dividend Will Be kr20.00

Mar 07

SalMar (OB:SALM) Has Affirmed Its Dividend Of kr20.00

Feb 21

Shareholder Returns

	SALM	NO Food	NO Market
7D	4.3%	0.8%	3.1%
1Y	-4.0%	11.3%	3.9%

Return vs Industry: SALM underperformed the Norwegian Food industry which returned 11.6% over the past year.

Return vs Market: SALM underperformed the Norwegian Market which returned 2.5% over the past year.

Price Volatility

Is SALM's price volatile compared to industry and market?
SALM volatility
SALM Average Weekly Movement	3.5%
Food Industry Average Movement	5.4%
Market Average Movement	5.2%
10% most volatile stocks in NO Market	10.6%
10% least volatile stocks in NO Market	2.7%

Stable Share Price: SALM has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: SALM's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1991	2,405	Frode Arntsen	www.salmar.no

SalMar ASA, an aquaculture company, produces and sells farmed salmon in Asia, North America, Europe, and internationally. The company operates through Fish Farming Central Norway, Fish Farming Northern Norway, Icelandic Salmon, Sales & Industry, and SalMar Aker Ocean segments. It is involved in the broodstock, harvesting, processing, and smolt production activities.

SalMar ASA Fundamentals Summary

How do SalMar's earnings and revenue compare to its market cap?
SALM fundamental statistics
Market cap	NOK 74.38b
Earnings (TTM)	NOK 3.28b
Revenue (TTM)	NOK 26.21b

22.7x

P/E Ratio

2.8x

P/S Ratio

Is SALM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SALM income statement (TTM)
Revenue	NOK 26.21b
Cost of Revenue	NOK 13.28b
Gross Profit	NOK 12.93b
Other Expenses	NOK 9.65b
Earnings	NOK 3.28b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 18, 2025

Earnings per share (EPS)	24.90
Gross Margin	49.33%
Net Profit Margin	12.52%
Debt/Equity Ratio	94.7%

How did SALM perform over the long term?

See historical performance and comparison

Dividends

6.2%

Current Dividend Yield

140%

Payout Ratio

SALM Stock Overview

Rewards

Risk Analysis

SalMar ASA Competitors

OB:ORK

NOK 97.6b

OB:MOWI

NOK 103.0b

OB:BAKKA

NOK 38.0b

OB:LSG

NOK 30.0b

Price History & Performance

Recent News & Updates

SalMar ASA (OB:SALM)entered into an agreement to acquire an unknown minority stake in As Knutshaugfisk.

Third quarter 2024 earnings: EPS misses analyst expectations

Pinning Down SalMar ASA's (OB:SALM) P/E Is Difficult Right Now

SalMar ASA Provides Production Guidance for the Third Quarter and Reaffirms Production Guidance Full Year of 2024

SalMar ASA (OB:SALM) acquired remaining 45% stake in Refsnes Laks AS.

Second quarter 2024 earnings: EPS misses analyst expectations

Recent updates

SalMar ASA (OB:SALM)entered into an agreement to acquire an unknown minority stake in As Knutshaugfisk.

Third quarter 2024 earnings: EPS misses analyst expectations

Pinning Down SalMar ASA's (OB:SALM) P/E Is Difficult Right Now

SalMar ASA Provides Production Guidance for the Third Quarter and Reaffirms Production Guidance Full Year of 2024

SalMar ASA (OB:SALM) acquired remaining 45% stake in Refsnes Laks AS.

Second quarter 2024 earnings: EPS misses analyst expectations

SalMar ASA, Annual General Meeting, Jun 18, 2025

SalMar ASA to Report Fiscal Year 2024 Results on Apr 25, 2025

Is SalMar (OB:SALM) Using Too Much Debt?

Upcoming dividend of kr35.00 per share

Insider recently sold kr5.3m worth of stock

SalMar ASA's (OB:SALM) Share Price Matching Investor Opinion

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

SalMar (OB:SALM) Has Announced That It Will Be Increasing Its Dividend To NOK35.00

Dividend increased to kr35.00

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

SalMar ASA Proposes Cash Dividend, Payable on June 20, 2024

Is SalMar (OB:SALM) Using Too Much Debt?

SalMar's (OB:SALM) Soft Earnings Don't Show The Whole Picture

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

SalMar ASA Proposes Dividend for the Financial Year 2023

Why Investors Shouldn't Be Surprised By SalMar ASA's (OB:SALM) P/S

Price target increased by 8.0% to kr628

Independent Director recently bought kr537k worth of stock

SalMar ASA Provides Production Guidance for the 2023

Here's Why SalMar (OB:SALM) Can Manage Its Debt Responsibly

New minor risk - Earnings quality

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates fall by 11%

Is There An Opportunity With SalMar ASA's (OB:SALM) 42% Undervaluation?

New minor risk - Profit margin trend

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

SalMar (OB:SALM) Seems To Use Debt Quite Sensibly

SalMar ASA to Report Q3, 2024 Results on Nov 12, 2024

With EPS Growth And More, SalMar (OB:SALM) Makes An Interesting Case

Upcoming dividend of kr20.00 per share at 4.1% yield

SalMar (OB:SALM) Has Announced A Dividend Of NOK20.00

SalMar ASA (OB:SALM) Shares Could Be 32% Below Their Intrinsic Value Estimate

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

These 4 Measures Indicate That SalMar (OB:SALM) Is Using Debt Reasonably Well

SalMar (OB:SALM) Is Paying Out A Dividend Of NOK20.00

Consensus EPS estimates increase by 22%

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased by 10% to kr469

SalMar ASA to Report Q4, 2022 Results on Feb 22, 2023

SalMar ASA (OB:SALM) completed the acquisition of NTS ASA (OB:NTS) from a group of shareholders.

Is SalMar (OB:SALM) Using Too Much Debt?

Insider recently sold kr220k worth of stock

Is SalMar ASA (OB:SALM) Trading At A 27% Discount?

Price target decreased to kr440

High number of new and inexperienced directors

Consensus forecasts updated

SalMar ASA Appoints Ulrik Steinvik as New CFO

SalMar ASA Announces Executive Changes

Chief Operating Officer of Farming recently sold kr198k worth of stock

Price target decreased to kr652

SalMar Announces CFO Changes

Investor sentiment deteriorated over the past week

SalMar (OB:SALM) Seems To Use Debt Quite Sensibly