SalMar ASA

OB:SALM Stock Report

Market Cap: NOK 71.1b

SalMar Management

Management criteria checks 2/4

SalMar's CEO is Frode Arntsen, appointed in Oct 2022, has a tenure of 2.17 years. total yearly compensation is NOK6.55M, comprised of 68.1% salary and 31.9% bonuses, including company stock and options. directly owns 0.005% of the company’s shares, worth NOK3.89M. The average tenure of the management team and the board of directors is 4.7 years and 2.5 years respectively.

Key information

Frode Arntsen

Chief executive officer

NOK 6.6m

Total compensation

CEO salary percentage68.1%
CEO tenure2.2yrs
CEO ownership0.005%
Management average tenure4.7yrs
Board average tenure2.5yrs

Recent management updates

Recent updates

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

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

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

Sep 09
Pinning Down SalMar ASA's (OB:SALM) P/E Is Difficult Right Now

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

Jul 12
Is SalMar (OB:SALM) Using Too Much Debt?

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

May 21
SalMar ASA's (OB:SALM) Share Price Matching Investor Opinion

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

Apr 28
SalMar (OB:SALM) Has Announced That It Will Be Increasing Its Dividend To NOK35.00

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

Mar 20
Is SalMar (OB:SALM) Using Too Much Debt?

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

Feb 22
SalMar's (OB:SALM) Soft Earnings Don't Show The Whole Picture

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

Jan 23
Why Investors Shouldn't Be Surprised By SalMar ASA's (OB:SALM) P/S

CEO Compensation Analysis

How has Frode Arntsen's remuneration changed compared to SalMar's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

NOK 3b

Jun 30 2024n/an/a

NOK 4b

Mar 31 2024n/an/a

NOK 2b

Dec 31 2023NOK 7mNOK 4m

NOK 3b

Sep 30 2023n/an/a

NOK 959m

Jun 30 2023n/an/a

NOK 909m

Mar 31 2023n/an/a

NOK 4b

Dec 31 2022NOK 4mNOK 3m

NOK 3b

Sep 30 2022n/an/a

NOK 4b

Jun 30 2022n/an/a

NOK 4b

Mar 31 2022n/an/a

NOK 3b

Dec 31 2021NOK 4mNOK 2m

NOK 3b

Sep 30 2021n/an/a

NOK 2b

Jun 30 2021n/an/a

NOK 2b

Mar 31 2021n/an/a

NOK 2b

Dec 31 2020NOK 4mNOK 2m

NOK 2b

Sep 30 2020n/an/a

NOK 3b

Jun 30 2020n/an/a

NOK 2b

Mar 31 2020n/an/a

NOK 2b

Dec 31 2019NOK 4mNOK 2m

NOK 2b

Sep 30 2019n/an/a

NOK 3b

Jun 30 2019n/an/a

NOK 4b

Mar 31 2019n/an/a

NOK 4b

Dec 31 2018NOK 3mNOK 2m

NOK 4b

Sep 30 2018n/an/a

NOK 3b

Jun 30 2018n/an/a

NOK 3b

Mar 31 2018n/an/a

NOK 3b

Dec 31 2017NOK 2mNOK 154k

NOK 2b

Compensation vs Market: Frode's total compensation ($USD578.44K) is below average for companies of similar size in the Norwegian market ($USD973.09K).

Compensation vs Earnings: Frode's compensation has increased by more than 20% in the past year.

CEO

Frode Arntsen (54 yo)

2.2yrs

Tenure

NOK 6,553,000

Compensation

Mr. Frode Arntsen serves as Chief Executive Officer at SalMar ASA since October 2022. He currently had been COO of Industry and Sales at SalMar ASA since December 1, 2017 until October 2022. He served as D...

Leadership Team

NamePositionTenureCompensationOwnership
Gustav Witzoe
Co-Founder2.9yrsNOK 648.00kno data
Frode Arntsen
Chief Executive Officer2.2yrsNOK 6.55m0.0055%
NOK 3.9m
Ulrik Steinvik
Chief Financial Officer3.2yrsNOK 4.32m0.092%
NOK 65.7m
Simon Sobstad
Chief Operating Officer of Sales & Industry2.2yrsNOK 3.68m0.00055%
NOK 391.1k
Arthur Wisniewski
Director of Human Resource Management6.9yrsNOK 3.20m0.0021%
NOK 1.5m
Runar Sivertsen
Chief Strategy Officer4.7yrsNOK 3.09m0.0036%
NOK 2.6m
Roger Bekken
Chief Operating Officer of Farming6.5yrsNOK 5.09m0.011%
NOK 7.9m
Tonette Bjørgård
Head of Accountingno datano datano data
Hakon Husby
Head of Investor Relations4.8yrsno datano data

4.7yrs

Average Tenure

50yo

Average Age

Experienced Management: SALM's management team is considered experienced (4.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Gustav Witzoe
Co-Founder2.9yrsNOK 648.00kno data
Morten Loktu
Independent Director2.5yrsNOK 443.00k0.00076%
NOK 540.4k
Margrethe Hauge
Independent Director7.5yrsNOK 435.00kno data
Leif Nordhammer
Director4.5yrsNOK 305.00k1.02%
NOK 721.7m
Arnhild Holstad
Independent Director2.5yrsNOK 305.00k0.0025%
NOK 1.8m
Ingvild Kindlihagen
Employee Representative Director1.5yrsNOK 982.00k0.000060%
NOK 42.7k
Hans Stolan
Employee Representative Director1.5yrsNOK 584.00kno data

2.5yrs

Average Tenure

64yo

Average Age

Experienced Board: SALM's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 12:08
End of Day Share Price 2024/12/20 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