SALM

Salmon EvolutionOB:SALME Stock Report

Market Cap

kr2.4b

7D

-5.4%

1Y

5.7%

Updated

19 Sep, 2021

Data

Company Financials +
SALME fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance0/6
Financial Health5/6
Dividends0/6

SALME Overview

Salmon Evolution Holding AS operates as a land-based salmon farming company in Norway.

Price History & Performance

Summary of all time highs, changes and price drops for Salmon Evolution
Historical stock prices
Current Share Pricekr7.93
52 Week Highkr5.03
52 Week Lowkr8.95
Beta0
1 Month Change2.06%
3 Month Change16.45%
1 Year Change5.73%
3 Year Changen/a
5 Year Changen/a
Change since IPO5.73%

Recent News & Updates

Shareholder Returns

SALMENO FoodNO Market
7D-5.4%1.0%-0.5%
1Y5.7%10.5%20.4%

Return vs Industry: SALME underperformed the Norwegian Food industry which returned 10.5% over the past year.

Return vs Market: SALME underperformed the Norwegian Market which returned 20.4% over the past year.

Price Volatility

Is SALME's price volatile compared to industry and market?
SALME volatility
SALME Beta0
Industry Beta0.50
Market Beta1

Stable Share Price: SALME is not significantly more volatile than the rest 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

FoundedEmployeesCEOWebsite
201717Hakon Berghttps://www.salmonevolution.no

Salmon Evolution Holding AS 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 Molde, Norway.

Valuation

Is Salmon Evolution undervalued compared to its fair value and its price relative to the market?

1.94x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SALME's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SALME's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SALME is unprofitable, so we can't compare its PE Ratio to the Norwegian Food industry average.

PE vs Market: SALME is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SALME's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SALME is good value based on its PB Ratio (1.9x) compared to the NO Food industry average (2.5x).


Future Growth

How is Salmon Evolution forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

78.2%

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 (1.2%).

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's is expected to become profitable in the next 3 years.

Revenue vs Market: SALME's revenue (68.3% per year) is forecast to grow faster than the Norwegian market (5.8% per year).

High Growth Revenue: SALME's revenue (68.3% 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 (4%).


Past Performance

How has Salmon Evolution performed over the past 5 years?

-97.4%

Last years 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: Insufficient data to determine if SALME's year-on-year earnings growth rate was positive over the past 5 years.

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 (33.1%).


Return on Equity

High ROE: SALME has a negative Return on Equity (-2.08%), as it is currently unprofitable.


Financial Health

How is Salmon Evolution's financial position?


Financial Position Analysis

Short Term Liabilities: SALME's short term assets (NOK912.7M) exceed its short term liabilities (NOK197.3M).

Long Term Liabilities: SALME's short term assets (NOK912.7M) exceed its long term liabilities (NOK1.2M).


Debt to Equity History and Analysis

Debt Level: SALME's debt to equity ratio (3.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if SALME's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


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 sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SALME has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 109.4% each year.


Dividend

What is Salmon Evolution current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SALME's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

Hakon Berg

1.25yrs

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...


Leadership Team

Experienced Management: SALME's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: SALME's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SALME insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Salmon Evolution ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Salmon Evolution ASA
  • Ticker: SALME
  • Exchange: OB
  • Founded: 2017
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: kr2.421b
  • Shares outstanding: 305.26m
  • Website: https://www.salmonevolution.no

Number of Employees


Location

  • Salmon Evolution ASA
  • Eikremsvingen 4
  • Molde
  • Møre og Romsdal
  • 6422
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 16:20
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.