SalMar ASA Logo

SalMar ASA

SALRY

(1.8)
Stock Price

13,29 USD

11.72% ROA

21.05% ROE

4.57x PER

Market Cap.

72.895.762.003,93 USD

105.82% DER

6.2% Yield

14.3% NPM

SalMar ASA Stock Analysis

SalMar ASA Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

SalMar ASA Fundamental Stock Analysis
# Analysis Rating
1 Revenue Growth

With continuous growth in revenue over the last five years, this company has proven to be a lucrative investment option, showcasing its strong financial performance.

2 ROE

The stock's ROE falls within an average range (7.07%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

3 ROA

The stock's ROA (2.8%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

4 Graham Number

The company's Graham number suggests that its stock price is underestimated, implying that it may present a compelling investment opportunity.

5 Dividend

The company's track record of consistently paying dividends in the last three years highlights its dedication to providing investors with regular income.

6 Buffet Intrinsic Value

The company's stock seems undervalued (1.728) by Warren Buffett's formula, indicating a promising investment opportunity as its intrinsic value exceeds the market price.

7 PBV

The stock's high Price-to-Book Value (P/BV) ratio (4.3x) suggests it's overvalued, potentially making it an expensive investment.

8 DER

The stock is burdened with a heavy load of debt (133%), making it financially unstable and potentially risky for investors.

9 Net Profit Growth

This company's net profit has remained flat over the past five years, suggesting a lack of growth and making it a less attractive investment opportunity.

10 Assets Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

11 Dividend Growth

The company's dividend growth has remained flat for the past three years, offering no indication of improved returns and making it a less advantageous investment opportunity.

SalMar ASA Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

SalMar ASA Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

SalMar ASA Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

SalMar ASA Revenue
Year Revenue Growth
2004 784.173.378
2005 866.584.000 9.51%
2006 1.240.668.000 30.15%
2007 1.677.687.000 26.05%
2008 1.704.242.000 1.56%
2009 2.376.262.000 28.28%
2010 3.399.868.000 30.11%
2011 3.795.746.000 10.43%
2012 4.204.791.000 9.73%
2013 6.245.860.000 32.68%
2014 7.185.887.000 13.08%
2015 7.326.202.000 1.92%
2016 8.963.239.000 18.26%
2017 10.755.452.000 16.66%
2018 11.342.554.000 5.18%
2019 12.237.589.000 7.31%
2020 12.912.341.000 5.23%
2021 15.043.945.000 14.17%
2022 20.158.279.000 25.37%
2023 30.048.000.000 32.91%
2023 28.099.174.000 -6.94%
2024 23.352.000.000 -20.33%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

SalMar ASA Research and Development Expenses
Year Research and Development Expenses Growth
2004 0
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 17.708.000 100%
2014 53.086.000 66.64%
2015 47.203.000 -12.46%
2016 63.696.000 25.89%
2017 93.669.000 32%
2018 73.234.000 -27.9%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

SalMar ASA General and Administrative Expenses
Year General and Administrative Expenses Growth
2004 119.840.308
2005 1.008.000 -11788.92%
2006 1.433.000 29.66%
2007 235.449.000 99.39%
2008 249.696.000 5.71%
2009 0 0%
2010 33.587.000 100%
2011 94.780.000 64.56%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 39.510.000 100%
2021 44.703.000 11.62%
2022 61.376.000 27.17%
2023 0 0%
2023 87.749.000 100%
2024 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

SalMar ASA EBITDA
Year EBITDA Growth
2004 143.709.597
2005 367.850.000 60.93%
2006 644.205.000 42.9%
2007 537.001.000 -19.96%
2008 362.105.000 -48.3%
2009 745.478.000 51.43%
2010 1.420.943.000 47.54%
2011 868.075.000 -63.69%
2012 898.195.000 3.35%
2013 2.558.687.000 64.9%
2014 2.196.354.000 -16.5%
2015 1.833.483.000 -19.79%
2016 3.822.448.000 52.03%
2017 3.173.717.000 -20.44%
2018 5.175.434.000 38.68%
2019 3.694.327.000 -40.09%
2020 3.555.497.000 -3.9%
2021 4.422.052.000 19.6%
2022 4.581.595.000 3.48%
2023 11.996.000.000 61.81%
2023 8.252.226.000 -45.37%
2024 7.328.000.000 -12.61%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

SalMar ASA Gross Profit
Year Gross Profit Growth
2004 335.149.018
2005 437.075.000 23.32%
2006 720.116.000 39.3%
2007 888.785.000 18.98%
2008 886.070.000 -0.31%
2009 1.239.384.000 28.51%
2010 1.386.556.000 10.61%
2011 1.754.046.000 20.95%
2012 2.050.302.000 14.45%
2013 3.576.201.000 42.67%
2014 3.692.899.000 3.16%
2015 3.629.327.000 -1.75%
2016 5.709.690.000 36.44%
2017 4.790.462.000 -19.19%
2018 7.444.685.000 35.65%
2019 6.031.021.000 -23.44%
2020 6.593.623.000 8.53%
2021 8.551.127.000 22.89%
2022 10.558.865.000 19.01%
2023 19.012.000.000 44.46%
2023 9.246.630.000 -105.61%
2024 5.572.000.000 -65.95%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

SalMar ASA Net Profit
Year Net Profit Growth
2004 83.476.435
2005 252.224.000 66.9%
2006 445.019.000 43.32%
2007 351.829.000 -26.49%
2008 168.828.000 -108.39%
2009 470.886.000 64.15%
2010 958.118.000 50.85%
2011 147.372.000 -550.14%
2012 467.370.000 68.47%
2013 1.790.041.000 73.89%
2014 1.192.500.000 -50.11%
2015 1.103.289.000 -8.09%
2016 2.637.079.000 58.16%
2017 2.273.983.000 -15.97%
2018 3.568.413.000 36.27%
2019 2.488.035.000 -43.42%
2020 1.979.018.000 -25.72%
2021 2.616.716.000 24.37%
2022 3.311.955.000 20.99%
2023 3.980.000.000 16.79%
2023 3.202.756.000 -24.27%
2024 3.432.000.000 6.68%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

SalMar ASA Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2004 0
2005 1 0%
2006 1 100%
2007 1 0%
2008 0 0%
2009 1 100%
2010 2 50%
2011 0 0%
2012 1 100%
2013 4 66.67%
2014 3 -50%
2015 2 0%
2016 6 60%
2017 5 0%
2018 8 28.57%
2019 22 68.18%
2020 18 -29.41%
2021 23 22.73%
2022 28 18.52%
2023 8 -285.71%
2023 22 66.67%
2024 26 19.23%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

SalMar ASA Free Cashflow
Year Free Cashflow Growth
2004 48.199.853
2005 142.665.000 66.21%
2006 129.608.000 -10.07%
2007 153.130.000 15.36%
2008 -17.460.000 977.03%
2009 259.480.000 106.73%
2010 200.880.000 -29.17%
2011 -112.480.000 278.59%
2012 -89.647.000 -25.47%
2013 806.728.000 111.11%
2014 606.946.000 -32.92%
2015 895.615.000 32.23%
2016 1.627.775.000 44.98%
2017 2.437.351.000 33.22%
2018 1.835.645.000 -32.78%
2019 1.682.137.000 -9.13%
2020 -576.495.000 391.79%
2021 684.134.000 184.27%
2022 1.767.552.000 61.29%
2023 5.528.093.000 68.03%
2023 2.557.000.000 -116.19%
2024 563.000.000 -354.17%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

SalMar ASA Operating Cashflow
Year Operating Cashflow Growth
2004 142.473.630
2005 182.266.000 21.83%
2006 245.401.000 25.73%
2007 255.248.000 3.86%
2008 213.215.000 -19.71%
2009 513.607.000 58.49%
2010 508.775.000 -0.95%
2011 294.871.000 -72.54%
2012 186.794.000 -57.86%
2013 1.105.951.000 83.11%
2014 1.647.004.000 32.85%
2015 1.622.292.000 -1.52%
2016 2.724.599.000 40.46%
2017 3.374.435.000 19.26%
2018 2.781.642.000 -21.31%
2019 3.029.535.000 8.18%
2020 3.178.890.000 4.7%
2021 2.908.352.000 -9.3%
2022 4.222.444.000 31.12%
2023 7.880.416.000 46.42%
2023 2.977.000.000 -164.71%
2024 1.194.000.000 -149.33%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

SalMar ASA Capital Expenditure
Year Capital Expenditure Growth
2004 94.273.777
2005 39.601.000 -138.06%
2006 115.793.000 65.8%
2007 102.118.000 -13.39%
2008 230.675.000 55.73%
2009 254.127.000 9.23%
2010 307.895.000 17.46%
2011 407.351.000 24.42%
2012 276.441.000 -47.36%
2013 299.223.000 7.61%
2014 1.040.058.000 71.23%
2015 726.677.000 -43.13%
2016 1.096.824.000 33.75%
2017 937.084.000 -17.05%
2018 945.997.000 0.94%
2019 1.347.398.000 29.79%
2020 3.755.385.000 64.12%
2021 2.224.218.000 -68.84%
2022 2.454.892.000 9.4%
2023 2.352.323.000 -4.36%
2023 420.000.000 -460.08%
2024 631.000.000 33.44%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

SalMar ASA Equity
Year Equity Growth
2004 207.829.391
2005 407.586.000 49.01%
2006 885.214.000 53.96%
2007 1.322.008.000 33.04%
2008 1.315.112.000 -0.52%
2009 1.699.806.000 22.63%
2010 2.469.367.000 31.16%
2011 2.214.610.000 -11.5%
2012 2.967.713.000 25.38%
2013 5.060.783.000 41.36%
2014 5.137.277.000 1.49%
2015 5.227.040.000 1.72%
2016 6.680.833.000 21.76%
2017 7.668.128.000 12.88%
2018 9.139.843.000 16.1%
2019 9.740.100.000 6.16%
2020 10.986.902.000 11.35%
2021 15.483.176.000 29.04%
2022 24.154.763.000 35.9%
2023 23.078.842.000 -4.66%
2023 21.475.000.000 -7.47%
2024 20.085.000.000 -6.92%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

SalMar ASA Assets
Year Assets Growth
2004 1.036.977.162
2005 1.203.658.000 13.85%
2006 2.269.502.000 46.96%
2007 2.893.822.000 21.57%
2008 3.068.359.000 5.69%
2009 3.550.336.000 13.58%
2010 5.832.871.000 39.13%
2011 6.316.425.000 7.66%
2012 7.626.835.000 17.18%
2013 9.931.551.000 23.21%
2014 10.124.407.000 1.9%
2015 10.943.499.000 7.48%
2016 13.401.686.000 18.34%
2017 12.926.246.000 -3.68%
2018 15.135.564.000 14.6%
2019 17.986.057.000 15.85%
2020 21.998.194.000 18.24%
2021 28.085.251.000 21.67%
2022 62.500.963.000 55.06%
2023 53.330.911.000 -17.19%
2023 53.256.000.000 -0.14%
2024 52.867.000.000 -0.74%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

SalMar ASA Liabilities
Year Liabilities Growth
2004 829.147.771
2005 796.072.000 -4.15%
2006 1.384.288.000 42.49%
2007 1.571.165.000 11.89%
2008 1.752.349.000 10.34%
2009 1.850.530.000 5.31%
2010 3.363.504.000 44.98%
2011 4.101.815.000 18%
2012 4.659.122.000 11.96%
2013 4.870.768.000 4.35%
2014 4.987.130.000 2.33%
2015 5.716.459.000 12.76%
2016 6.720.853.000 14.94%
2017 5.258.118.000 -27.82%
2018 5.995.721.000 12.3%
2019 8.245.957.000 27.29%
2020 11.011.292.000 25.11%
2021 12.602.075.000 12.62%
2022 38.346.200.000 67.14%
2023 30.252.069.000 -26.76%
2023 31.781.000.000 4.81%
2024 32.783.000.000 3.06%

SalMar ASA Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
211.93
Net Income per Share
30.3
Price to Earning Ratio
4.57x
Price To Sales Ratio
2.61x
POCF Ratio
2.48
PFCF Ratio
13.57
Price to Book Ratio
1.08
EV to Sales
3.28
EV Over EBITDA
10.16
EV to Operating CashFlow
12.44
EV to FreeCashFlow
17.04
Earnings Yield
0.22
FreeCashFlow Yield
0.07
Market Cap
72,90 Bil.
Enterprise Value
91,54 Bil.
Graham Number
295.27
Graham NetNet
-179.82

Income Statement Metrics

Net Income per Share
30.3
Income Quality
1.29
ROE
0.21
Return On Assets
0.08
Return On Capital Employed
0.17
Net Income per EBT
0.71
EBT Per Ebit
0.75
Ebit per Revenue
0.27
Effective Tax Rate
0.36

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.34
Operating Profit Margin
0.27
Pretax Profit Margin
0.2
Net Profit Margin
0.14

Dividends

Dividend Yield
0.06
Dividend Yield %
6.2
Payout Ratio
1.17
Dividend Per Share
0.07

Operating Metrics

Operating Cashflow per Share
55.85
Free CashFlow per Share
40.77
Capex to Operating CashFlow
0.27
Capex to Revenue
0.07
Capex to Depreciation
1.25
Return on Invested Capital
0.14
Return on Tangible Assets
0.12
Days Sales Outstanding
23.72
Days Payables Outstanding
64.42
Days of Inventory on Hand
283.09
Receivables Turnover
15.39
Payables Turnover
5.67
Inventory Turnover
1.29
Capex per Share
15.09

Balance Sheet

Cash per Share
4,76
Book Value per Share
152,43
Tangible Book Value per Share
9.71
Shareholders Equity per Share
127.9
Interest Debt per Share
144.02
Debt to Equity
1.06
Debt to Assets
0.34
Net Debt to EBITDA
2.07
Current Ratio
1.81
Tangible Asset Value
1,28 Bil.
Net Current Asset Value
-16,14 Bil.
Invested Capital
40740000000
Working Capital
7,46 Bil.
Intangibles to Total Assets
0.36
Average Receivables
1,95 Bil.
Average Payables
2,94 Bil.
Average Inventory
13759000000
Debt to Market Cap
0.24

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

SalMar ASA Dividends
Year Dividends Growth
2019 0
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2024 0 0%

SalMar ASA Profile

About SalMar ASA

SalMar ASA, an aquaculture company, produces and sells farmed salmon in Asia, the United States, Canada, Norway, rest of Europe, and internationally. It is involved in the broodfish, lumpfish, and smolt production activities; and marine-phase farming, harvesting, packaging, processing, and selling farmed salmon. The company sells its products to importers/exporters, processing companies, and retail chains through in-house sales force and/or through partners. SalMar ASA was founded in 1991 and is headquartered in Kverva, Norway.

CEO
Mr. Frode Arntsen
Employee
2.331
Address
Industriveien 51
Kverva, 7266

SalMar ASA Executives & BODs

SalMar ASA Executives & BODs
# Name Age
1 Mr. Frode Arntsen
Chief Executive Officer
70
2 Mr. Gustav Magnar Witzoe
Co-Founder, President & Chairman
70
3 Mr. Ulrik Steinvik
Chief Financial Officer
70
4 Mr. Simon Sobstad
Chief Operating Officer of Sales & Industry
70
5 Mr. Arthur Wisniewski
Director of Human Resource Management
70
6 Mr. Runar Sivertsen
Chief Strategy Officer
70
7 Mr. Roger Bekken
Chief Operating Officer of Farming
70
8 Tonette Bjørgård
Head of Accounting
70
9 Mr. Hakon Husby
Head of Investor Relations
70

SalMar ASA Competitors