OB:SALMON

Stock Analysis Report

Executive Summary

Salmones Camanchaca S.A. engages in the salmon farming business in Chile.

Snowflake

Fundamentals

High growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has Salmones Camanchaca's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-4.3%

OB:SALMON

-1.1%

NO Food

2.4%

NO Market


1 Year Return

2.7%

OB:SALMON

12.2%

NO Food

-14.2%

NO Market

SALMON underperformed the Food industry which returned 13.3% over the past year.

SALMON outperformed the Market in Norway which returned -14.6% over the past year.


Share holder returns

SALMONIndustryMarket
7 Day-4.3%-1.1%2.4%
30 Day-6.9%-0.2%-3.1%
90 Day-9.0%3.7%-4.4%
1 Year7.2%2.7%17.2%12.2%-9.3%-14.2%
3 Yearn/a75.3%49.9%38.7%20.4%
5 Yearn/a206.6%139.6%38.0%6.6%

Price Volatility Vs. Market

How volatile is Salmones Camanchaca's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Salmones Camanchaca undervalued based on future cash flows and its price relative to the stock market?

40%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Salmones Camanchaca's share price is below the future cash flow value, and at a moderate discount (> 20%).

Salmones Camanchaca's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Salmones Camanchaca is overvalued based on earnings compared to the NO Food industry average.

Salmones Camanchaca is overvalued based on earnings compared to the Norway market.


Price Based on Expected Growth

Salmones Camanchaca is good value based on expected growth next year.


Price Based on Value of Assets

Salmones Camanchaca is good value based on assets compared to the NO Food industry average.


Next Steps

Future Growth

How is Salmones Camanchaca expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

25.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Salmones Camanchaca's revenue is expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).

Salmones Camanchaca's earnings are expected to grow significantly at over 20% yearly.

Salmones Camanchaca's revenue growth is expected to exceed the Norway market average.

Salmones Camanchaca's earnings growth is expected to exceed the Norway market average.

Salmones Camanchaca's earnings growth is expected to exceed the low risk savings rate of 1.8%.


Earnings per Share Growth Estimates


Future Return on Equity

Salmones Camanchaca is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Salmones Camanchaca performed over the past 5 years?

35.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Salmones Camanchaca has delivered over 20% year on year earnings growth in the past 5 years.

Salmones Camanchaca's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Salmones Camanchaca's 1-year earnings growth is negative, it can't be compared to the NO Food industry average.


Return on Equity

Salmones Camanchaca has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Salmones Camanchaca used its assets less efficiently than the NO Food industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Salmones Camanchaca improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Salmones Camanchaca's financial position?


Financial Position Analysis

Salmones Camanchaca is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Salmones Camanchaca's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Salmones Camanchaca's level of debt (29.3%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Salmones Camanchaca's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (119.9%, greater than 20% of total debt).

Unable to confirm if the interest payments on Salmones Camanchaca's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4.1x debt.


Next Steps

Dividend

What is Salmones Camanchaca's current dividend yield, its reliability and sustainability?

4.92%

Current Dividend Yield


Dividend Yield and Payments Analysis

Salmones Camanchaca's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.73%).

Salmones Camanchaca's dividend is below the markets top 25% of dividend payers in Norway (6.42%).

It is too early to tell whether Salmones Camanchaca has stable dividend payments.

Salmones Camanchaca only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.3x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Salmones Camanchaca's salary, the management and board of directors tenure and is there insider trading?

6.5yrs

Average management tenure


CEO

Manuel Arriagada Ossa 0

1.3yrs

Tenure

0

Mr. Manuel Arriagada Ossa is the Chief Executive Officer at Salmones Camanchaca S.A. since April 11, 2018. 


Management Age and Tenure

6.5yrs

Average Tenure

The average tenure for the Salmones Camanchaca management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

1.3yrs

Average Tenure

The average tenure for the Salmones Camanchaca board of directors is less than 3 years, this suggests a new board.


Insider Trading

Salmones Camanchaca individual insiders have only sold shares in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

SellUS$47,60004 Jun 19
Ricardo Garcia Holtz
EntityIndividual
Role
Vice Chairman
Vice Chairman
Shares8,000
Max PriceUS$5.95

Ownership Breakdown


Management Team

  • Pablo Neira Hernández

    Head of Human Resources

    • Tenure: 6.6yrs
  • Daniel Ventura

    Chief Financial Officer

    • Tenure: 8.0yrs
  • Juan Carlos Ferrer Echavarri

    Corporate Business Manager

    • Tenure: 7.6yrs
  • Smith Alvaro-Federico Poblete

    Head of Farming

    • Tenure: 2.8yrs
  • Igal Neiman Brodsky

    Head of Marketing

    • Tenure: 8.1yrs
  • Jorge González Vergara

    Head of Processing

    • Tenure: 2.3yrs
  • Rafael A. Le-Bert Ramírez

    Head of Legal Affairs

    • Tenure: 6.4yrs
  • Manuel Arriagada Ossa

    Chief Executive Officer

    • Tenure: 1.3yrs
  • Alvaro Marín

    Head of Investor Relation

    • Tenure: 0.0yrs

Board Members

  • Tore Valderhaug (59yo)

    Director

    • Tenure: 1.8yrs
  • Hector Luis Felipe Precht

    Director

    • Tenure: 1.8yrs
  • Francisco De Borja Correa

    Director

    • Tenure: 0.0yrs
  • Ricardo Garcia Holtz

    Vice Chairman

    • Tenure: 1.3yrs
  • Jorge Fernández García

    Chairman

    • Tenure: 1.3yrs
  • Rodrigo Errázuriz Ruiz-Tagle

    Director

    • Tenure: 0.3yrs
  • Joaquín Villarino Herrera

    Director

    • Tenure: 0.3yrs

Company Information

Salmones Camanchaca S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Salmones Camanchaca S.A.
  • Ticker: SALMON
  • Exchange: OB
  • Founded: 2009
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: CL$342.883b
  • Listing Market Cap: CL$4.348b
  • Shares outstanding: 66.00m
  • Website: https://www.salmonescamanchaca.cl

Number of Employees


Location

  • Salmones Camanchaca S.A.
  • Avenida El Golf N° 99
  • Piso 10
  • Santiago
  • 7550000
  • Chile

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SALMOCAMSNSE (Santiago Stock Exchange)YesCommon SharesCLCLPFeb 2018
2SADB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 2018
SALMONOB (Oslo Bors)YesCommon SharesNONOKFeb 2018
SALMOOBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBNOKFeb 2018

Biography

Salmones Camanchaca S.A. engages in the salmon farming business in Chile. It offers fresh and frozen Atlantic and Pacific salmon in various formats, such as whole, fillet, portion, block, and harasu; and t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 22:13
End of Day Share Price2019/08/21 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.