SALME Stock Overview
Salmon Evolution ASA operates as a land-based salmon farming company in Norway.
Salmon Evolution Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr7.96|
|52 Week High||kr11.70|
|52 Week Low||kr7.25|
|1 Month Change||-5.24%|
|3 Month Change||-7.33%|
|1 Year Change||6.28%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||6.13%|
Recent News & Updates
|SALME||NO Food||NO Market|
Return vs Industry: SALME exceeded the Norwegian Food industry which returned -28.3% over the past year.
Return vs Market: SALME exceeded the Norwegian Market which returned -5.4% over the past year.
|SALME Average Weekly Movement||4.2%|
|Food Industry Average Movement||6.6%|
|Market Average Movement||6.8%|
|10% most volatile stocks in NO Market||11.3%|
|10% least volatile stocks in NO Market||3.8%|
Stable Share Price: SALME is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SALME's weekly volatility (4%) has been stable over the past year.
About the Company
Salmon Evolution ASA operates as a land-based salmon farming company in Norway. It focuses on the production of salmon meals. The company was founded in 2017 and is headquartered in Elnesvågen, Norway.
Salmon Evolution Fundamentals Summary
|SALME fundamental statistics|
Is SALME overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SALME income statement (TTM)|
|Cost of Revenue||kr2.20m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 16, 2022
|Earnings per share (EPS)||-0.066|
|Net Profit Margin||-72.61%|
How did SALME perform over the long term?See historical performance and comparison
Is SALME undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SALME?
Other financial metrics that can be useful for relative valuation.
|What is SALME's n/a Ratio?|
Price to Book Ratio vs Peers
How does SALME's PB Ratio compare to its peers?
|SALME PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
AFISH Arctic Fish Holding
IFISH Ice Fish Farm
AKBM Aker BioMarine
SALME Salmon Evolution
Price-To-Book vs Peers: SALME is expensive based on its Price-To-Book Ratio (1.7x) compared to the peer average (1.7x).
Price to Earnings Ratio vs Industry
How does SALME's PE Ratio compare vs other companies in the NO Food Industry?
Price-To-Book vs Industry: SALME is expensive based on its Price-To-Book Ratio (1.7x) compared to the Norwegian Food industry average (1.7x)
Price to Book Ratio vs Fair Ratio
What is SALME's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||1.7x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate SALME's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of SALME when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate SALME's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate SALME's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Salmon Evolution forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SALME is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).
Earnings vs Market: SALME is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SALME is expected to become profitable in the next 3 years.
Revenue vs Market: SALME's revenue (54.1% per year) is forecast to grow faster than the Norwegian market (0.4% per year).
High Growth Revenue: SALME's revenue (54.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SALME's Return on Equity is forecast to be low in 3 years time (6.4%).
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How has Salmon Evolution performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SALME is currently unprofitable.
Growing Profit Margin: SALME is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SALME is unprofitable, and losses have increased over the past 5 years at a rate of 38.2% per year.
Accelerating Growth: Unable to compare SALME's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SALME is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (58.4%).
Return on Equity
High ROE: SALME has a negative Return on Equity (-1.45%), as it is currently unprofitable.
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How is Salmon Evolution's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: SALME's short term assets (NOK642.2M) exceed its short term liabilities (NOK174.3M).
Long Term Liabilities: SALME's short term assets (NOK642.2M) exceed its long term liabilities (NOK458.7M).
Debt to Equity History and Analysis
Debt Level: SALME has more cash than its total debt.
Reducing Debt: Insufficient data to determine if SALME's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SALME has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SALME has less than a year of cash runway if free cash flow continues to reduce at historical rates of 89.1% each year
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What is Salmon Evolution current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Salmon Evolution Dividend Yield vs Market|
|Company (Salmon Evolution)||n/a|
|Market Bottom 25% (NO)||3.8%|
|Market Top 25% (NO)||8.0%|
|Industry Average (Food)||4.4%|
|Analyst forecast in 3 Years (Salmon Evolution)||0%|
Notable Dividend: Unable to evaluate SALME's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SALME's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SALME's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SALME's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as SALME has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Håkon André Berg serves as Chief Executive Officer at Salmon Evolution Holding AS since June 2020 and served as its Chief Financial Officer until June 2020. Mr. Berg has almost 15 years of experience i...
Experienced Management: SALME's management team is considered experienced (2 years average tenure).
Experienced Board: SALME's board of directors are not considered experienced ( 2.8 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
|08 Sep 22||Buykr7,000,001||Rofisk As||Company||840,235||kr8.33|
|21 Feb 22||Buykr132,300||Anne Breiby||Individual||15,000||kr8.82|
|11 Feb 22||Buykr1,897,877||Rofisk As||Company||201,266||kr9.43|
|11 Feb 22||Buykr1,368,915||Roger Halsebakk||Individual||150,000||kr9.13|
|04 Jan 22||Sellkr1,582,855||Hakon Berg||Individual||185,000||kr8.58|
|04 Jan 22||Sellkr1,411,736||Trond Schaug-Pettersen||Individual||165,000||kr8.58|
|04 Jan 22||Sellkr855,597||Ingjarl Skarvoy||Individual||100,000||kr8.58|
|23 Nov 21||Buykr215,150||Bortebakken AS||Company||26,000||kr8.28|
|13 Oct 21||Buykr193,615||Hakon Berg||Individual||24,925||kr7.77|
|13 Oct 21||Buykr182,194||Trond Schaug-Pettersen||Individual||23,334||kr7.81|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.3%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Salmon Evolution ASA's employee growth, exchange listings and data sources
- Name: Salmon Evolution ASA
- Ticker: SALME
- Exchange: OB
- Founded: 2017
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: kr2.752b
- Shares outstanding: 345.75m
- Website: https://www.salmonevolution.no
Number of Employees
- Salmon Evolution ASA
- Torget 5
- Møre og Romsdal
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|60E||BST (Boerse-Stuttgart)||Yes||Share Capital||DE||EUR||Sep 2020|
|SALME||OB (Oslo Bors)||Yes||Share Capital||NO||NOK||Sep 2020|
|60E||DB (Deutsche Boerse AG)||Yes||Share Capital||DE||EUR||Sep 2020|
|SALMEO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Share Capital||GB||NOK||Sep 2020|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/02 00:00|
|End of Day Share Price||2022/09/30 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.