SalMar Future Growth

Future criteria checks 5/6

SalMar is forecast to grow earnings and revenue by 25.6% and 9% per annum respectively. EPS is expected to grow by 25.6% per annum. Return on equity is forecast to be 25.2% in 3 years.

Key information

25.6%

Earnings growth rate

25.6%

EPS growth rate

Food earnings growth	27.4%
Revenue growth rate	9.0%
Future return on equity	25.2%
Analyst coverage	Good
Last updated	18 Apr 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

OB:SALM - Analysts future estimates and past financials data (NOK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	36,758	6,133	6,430	10,102	5
12/31/2025	35,444	6,038	5,568	7,221	7
12/31/2024	30,038	5,017	4,140	6,029	8
12/31/2023	27,891	2,546	6,942	9,294	N/A
9/30/2023	26,411	959	5,417	7,577	N/A
6/30/2023	23,846	909	3,599	6,025	N/A
3/31/2023	22,135	3,750	2,504	5,016	N/A
12/31/2022	19,985	3,205	2,137	4,592	N/A
9/30/2022	18,336	3,889	511	4,741	N/A
6/30/2022	17,460	4,018	720	4,264	N/A
3/31/2022	16,455	2,982	1,370	4,152	N/A
12/31/2021	14,963	2,617	684	2,908	N/A
9/30/2021	13,357	2,229	-1,532	2,223	N/A
6/30/2021	12,288	1,911	-1,746	2,009	N/A
3/31/2021	12,443	2,291	-1,732	2,023	N/A
12/31/2020	12,898	1,979	-576	3,179	N/A
9/30/2020	13,042	2,623	2,112	3,459	N/A
6/30/2020	12,904	2,456	1,973	3,320	N/A
3/31/2020	12,892	2,173	2,175	3,523	N/A
12/31/2019	12,230	2,488	1,682	3,030	N/A
9/30/2019	12,132	2,987	1,735	2,681	N/A
6/30/2019	12,107	3,706	2,494	3,440	N/A
3/31/2019	11,755	3,574	2,003	2,949	N/A
12/31/2018	11,322	3,568	1,836	2,782	N/A
9/30/2018	11,004	2,700	2,408	3,345	N/A
6/30/2018	10,914	2,759	2,024	2,961	N/A
3/31/2018	10,900	2,553	2,336	3,273	N/A
12/31/2017	10,799	2,274	2,437	3,374	N/A
9/30/2017	10,486	2,970	N/A	2,607	N/A
6/30/2017	10,072	2,631	N/A	2,574	N/A
3/31/2017	9,430	2,482	N/A	2,457	N/A
12/31/2016	9,003	2,637	N/A	2,725	N/A
9/30/2016	8,566	2,020	N/A	3,382	N/A
6/30/2016	8,181	1,705	N/A	2,616	N/A
3/31/2016	7,692	1,474	N/A	1,947	N/A
12/31/2015	7,304	1,103	N/A	1,622	N/A
9/30/2015	7,289	1,014	N/A	1,710	N/A
6/30/2015	7,218	1,137	N/A	1,512	N/A
3/31/2015	7,164	1,189	N/A	1,876	N/A
12/31/2014	7,175	1,193	N/A	1,647	N/A
9/30/2014	7,018	1,517	N/A	1,589	N/A
6/30/2014	6,908	1,332	N/A	1,573	N/A
3/31/2014	6,595	1,782	N/A	1,325	N/A
12/31/2013	6,246	1,790	N/A	1,106	N/A
9/30/2013	5,730	1,436	N/A	636	N/A
6/30/2013	5,262	1,197	N/A	720	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SALM's forecast earnings growth (25.6% per year) is above the savings rate (2%).

Earnings vs Market: SALM's earnings (25.6% per year) are forecast to grow faster than the Norwegian market (13% per year).

High Growth Earnings: SALM's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SALM's revenue (9% per year) is forecast to grow faster than the Norwegian market (2.2% per year).

High Growth Revenue: SALM's revenue (9% 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 (25.2%)

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SalMar Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 8.0% to kr628

SalMar ASA Provides Production Guidance for the 2023

Consensus EPS estimates fall by 11%

Consensus EPS estimates increase by 22%

Price target increased by 10% to kr469

Price target decreased to kr440

Recent updates

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

Now 21% undervalued after recent price drop

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus forecasts updated

SalMar Maintains Production Guidance for the Full Year 2022

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

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

NTS ASA (OB : NTS) agreed to acquire additional 37% stake in NTS ASA (OB : NTS) from Helge Gåsø for NOK 5.6 billion.

High number of new and inexperienced directors

High number of new and inexperienced directors

Director recently bought kr24m worth of stock

Upcoming dividend of kr20.00 per share

Salmar Asa Appoints Linda Litlekalsøy Aase as CEO

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

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

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

Now 20% undervalued

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

SalMar ASA Announces Cash Dividend, Payable on or About June 22, 2022

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

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

SalMar ASA Appoints Linda Litlekalsøy Aase as New CEO, Effective 1 June 2022

Employee Representative Director recently sold kr201k worth of stock

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

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind