SalMar ASA

OB:SALM Stock Report

Market Cap: NOK 81.8b

SalMar Future Growth

Future criteria checks 5/6

SalMar is forecast to grow earnings and revenue by 68% and 10.4% per annum respectively. EPS is expected to grow by 65.7% per annum. Return on equity is forecast to be 27.2% in 3 years.

Key information

68.0%

Earnings growth rate

65.75%

EPS growth rate

Food earnings growth41.9%
Revenue growth rate10.4%
Future return on equity27.23%
Analyst coverage

Good

Last updated13 Nov 2025

Recent future growth updates

SalMar ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Aug 24
SalMar ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Recent updates

SalMar's (OB:SALM) Anemic Earnings Might Be Worse Than You Think

Nov 14
SalMar's (OB:SALM) Anemic Earnings Might Be Worse Than You Think

SalMar ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Aug 24
SalMar ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Why We're Not Concerned About SalMar ASA's (OB:SALM) Share Price

Jul 14
Why We're Not Concerned About SalMar ASA's (OB:SALM) Share Price

SalMar's (OB:SALM) Dividend Will Be Reduced To NOK22.00

Jun 17
SalMar's (OB:SALM) Dividend Will Be Reduced To NOK22.00

Shareholders Will Probably Be Cautious Of Increasing SalMar ASA's (OB:SALM) CEO Compensation At The Moment

Jun 12
Shareholders Will Probably Be Cautious Of Increasing SalMar ASA's (OB:SALM) CEO Compensation At The Moment

SalMar (OB:SALM) Has Announced That Its Dividend Will Be Reduced To NOK22.00

Jun 02
SalMar (OB:SALM) Has Announced That Its Dividend Will Be Reduced To NOK22.00

SalMar ASA Just Missed Earnings; Here's What Analysts Are Forecasting Now

May 22
SalMar ASA Just Missed Earnings; Here's What Analysts Are Forecasting Now

SalMar (OB:SALM) Will Pay A Smaller Dividend Than Last Year

May 19
SalMar (OB:SALM) Will Pay A Smaller Dividend Than Last Year

SalMar (OB:SALM) Is Reducing Its Dividend To NOK22.00

Apr 13
SalMar (OB:SALM) Is Reducing Its Dividend To NOK22.00

SalMar ASA Just Recorded A 7.3% EPS Beat: Here's What Analysts Are Forecasting Next

Feb 22
SalMar ASA Just Recorded A 7.3% EPS Beat: Here's What Analysts Are Forecasting Next

Earnings Tell The Story For SalMar ASA (OB:SALM)

Feb 14
Earnings Tell The Story For SalMar ASA (OB:SALM)

Does SalMar (OB:SALM) Have A Healthy Balance Sheet?

Dec 11
Does SalMar (OB:SALM) Have A Healthy Balance Sheet?
User avatar

Decisive Acquisitions And Offshore Innovations Set The Stage For Robust Growth In 2025

Strategic acquisitions and focus on offshore farming technology aim to optimize operations, enhance value creation, and improve revenue and earnings.

Earnings and Revenue Growth Forecasts

OB:SALM - Analysts future estimates and past financials data (NOK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202736,0245,8205,8557,5687
12/31/202633,1624,8625,2746,9007
12/31/202527,8491,350302,8895
9/30/202526,6871,1509013,026N/A
6/30/202525,0321,130-1,1161,577N/A
3/31/202524,7261,793-1,0221,654N/A
12/31/202426,0772,9692,7995,381N/A
9/30/202426,2133,2813,4076,077N/A
6/30/202427,5543,6055,8967,968N/A
3/31/202427,6311,7416,6868,803N/A
12/31/202327,8912,5466,9419,294N/A
9/30/202326,3599595,4177,577N/A
6/30/202323,7949093,5996,025N/A
3/31/202322,0833,7502,5035,015N/A
12/31/202219,9853,2052,1374,592N/A
9/30/202218,3363,8895114,741N/A
6/30/202217,4604,0187204,264N/A
3/31/202216,4552,9821,3704,152N/A
12/31/202114,9632,6176842,908N/A
9/30/202113,3572,229-1,5322,223N/A
6/30/202112,2881,911-1,7462,009N/A
3/31/202112,4432,291-1,7322,023N/A
12/31/202012,8981,979-5763,179N/A
9/30/202013,0422,6232,1123,459N/A
6/30/202012,9042,4561,9733,320N/A
3/31/202012,8922,1732,1753,523N/A
12/31/201912,2302,4881,6823,030N/A
9/30/201912,1322,9871,7352,681N/A
6/30/201912,1073,706N/A3,440N/A
3/31/201911,7553,574N/A2,949N/A
12/31/201811,3223,568N/A2,782N/A
9/30/201811,0042,700N/A3,345N/A
6/30/201810,9142,759N/A2,961N/A
3/31/201810,9002,553N/A3,273N/A
12/31/201710,7992,274N/A3,374N/A
9/30/201710,4862,970N/A2,607N/A
6/30/201710,0722,631N/A2,574N/A
3/31/20179,4302,482N/A2,457N/A
12/31/20169,0032,637N/A2,725N/A
9/30/20168,5662,020N/A3,382N/A
6/30/20168,1811,705N/A2,616N/A
3/31/20167,6921,474N/A1,947N/A
12/31/20157,3041,103N/A1,622N/A
9/30/20157,2891,014N/A1,710N/A
6/30/20157,2181,137N/A1,512N/A
3/31/20157,1641,189N/A1,876N/A
12/31/20147,1751,193N/A1,647N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SALM's forecast earnings growth (68% per year) is above the savings rate (3%).

Earnings vs Market: SALM's earnings (68% per year) are forecast to grow faster than the Norwegian market (16.1% per year).

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

Revenue vs Market: SALM's revenue (10.4% per year) is forecast to grow faster than the Norwegian market (2.3% per year).

High Growth Revenue: SALM's revenue (10.4% 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 (27.2%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/09 05:13
End of Day Share Price 2025/12/09 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

SalMar ASA is covered by 16 analysts. 7 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
Alexander SloaneBarclays
Andres Castanos-MollorBerenberg