SALM.OL

SellSinker

SalMar ASA · Consumer Defensive · Norway · $8.4B · Avg Vol: $11M/d

Sinker: Weak, expensive and falling. Nothing here to keep it afloat.

25
StockRank
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Quality
39
Value
23
Momentum
49
P/E (TTM)
33.7x
peers 19.5x
ROE
11.9%
peers -3.3%
D/E
1.1x
peers 0.9x
Dividend %
1.8%
trailing yield

ABOUT SALMAR ASA

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SalMar ASA is one of the world's largest and most efficient producers of farmed salmon, with primary operations in Norway, Iceland, and Scotland. The company's competitive moat is its industry-leading biological performance and cost efficiency, driven by state-of-the-art processing facilities like InnovaMar and pioneering offshore farming technologies. It is a premium, pure-play aquaculture leader focused on sustainable, high-volume production.

FINANCIAL SUMMARY (NOK)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue20.1B28.1B26.3B27.3B10.9%30.0B32.2B35.6B14.0%
EPS (NOK)27.6424.3622.538.25-33.2%16.3127.4635.88108.5%
Shares145.1M131.8M131.9M135.3M-6.7%135.5M
Debt23.2B15.7B19.0B23.3B0.1%21.9B
Equity19.4B19.9B17.9B17.7B-2.9%
Op CF4.2B9.0B5.4B3.2B-8.9%7.7B
Inv CF-2.6B1.8B-2.2B-1.9B
Fin CF164.2M-13.0B-3.5B-992.0M
Loading 1Y...
PRICE (1Y)+9.2%
53.1655.3057.4359.5761.70Aug 4Aug 26Sep 16
SMA 50SMA 200

Close
$59.26
RSI (14)
42.4
52W High
$65.30
From 52W High
0.9%

SCORE BREAKDOWN

Quality
39
ROIC
6.5%31.0
ROE
11.9%61.0
GP/Assets
23.8%42.1
Op. Margin
13.2%71.6
FCF/Assets
4.3%48.7
Piotroski
413.2
Int. Cover
2.2x20.3
D/E Ratio
1.12x17.7
Current Ratio
1.46x43.1
Value
23
P/E (TTM)
33.7x17.6
EV/EBITDA
15.5x24.0
P/FCF
30.9x29.0
P/B
4.3x16.8
P/S
2.5x21.0
Div Yield
1.8%29.3
Momentum
49
52W High %
91%77.5
RS 6M
N/A
SMA 50/200
0.96x38.6
EPS Rev 4W
-6.2%10.5
EPS Rev 12W
-13.5%11.0
EPS Improve
+121%77.4
Q Growth
87%84.8

FUNDAMENTALS

Market Cap
$8.4B
P/E (Forward)
15.3x
Gross Margin
46.9%

SECTOR PEERS

Closest peers in Consumer Defensive, ranked by industry match, size, and score similarity. Cross-listings of SALM.OL are excluded.

TickerCompanyMkt CapStockRankSignal
SALM.OLSalMar ASA(you)$8.4B25Sell
MOWI.OLMowi ASA$11.8B29Sell
AUSS.OLAustevoll Seafood ASA$2.0B44Hold
MAS.OLMåsøval AS$495M25Sell
ANDF.OLAndfjord Salmon Group AS$380M10Strong Sell
GSF.OLGrieg Seafood ASA$367M7Strong Sell
NOAP.OLNordic Aqua Partners A/S$195M17Strong Sell
NOHAL.OLNordic Halibut AS$169M15Strong Sell
ISLAX.OLIcelandic Salmon AS$192M9Strong Sell
SALME.OLSalmon Evolution ASA$231M3Strong Sell

Peer medians: ROE -3.3% · P/E 19.5x · Gross margin 46.2%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

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SalMar ASA (SALM.OL): Stock Score Summary

SalMar ASA (SALM.OL) has a MoatMap StockRank of 25/100 based on Quality (39/100), Value (23/100), and Momentum (49/100) factor scores. The current signal is SELL.

SalMar ASA is one of the world's largest and most efficient producers of farmed salmon, with primary operations in Norway, Iceland, and Scotland. The company's competitive moat is its industry-leading biological performance and cost efficiency, driven by state-of-the-art processing facilities like InnovaMar and pioneering offshore farming technologies. It is a premium, pure-play aquaculture leader focused on sustainable, high-volume production.

Key Financial Metrics

Price$59.26
Market Cap$8.4B
P/E (TTM)33.72
P/E (Forward)15.26
Price/Book4.26
Return on Equity11.9%
Return on Invested Capital6.5%
Debt/Equity1.12x
Gross Margin46.9%
Operating Margin13.2%
Revenue Growth23.3%
Dividend Yield1.8%
Free Cash Flow$271M

SalMar ASA operates in the Farm Products industry, part of the Consumer Defensive sector (Norway).

Frequently Asked Questions

What is SalMar ASA’s (SALM.OL) StockRank?
MoatMap’s StockRank for SalMar ASA (SALM.OL) is 25/100, with a Sell signal. It is a composite of Quality (39), Value (23), and Momentum (49) factor ranks across MoatMap’s universe of 25,000+ stocks.
Does SalMar ASA have an economic moat?
SalMar ASA (SALM.OL) has a Quality factor score of 39/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is SalMar ASA a buy, hold, or sell?
MoatMap’s current signal for SalMar ASA (SALM.OL) is Sell, based on a StockRank of 25/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is SalMar ASA in?
SalMar ASA (SALM.OL) operates in the Consumer Defensive sector, specifically the Farm Products industry (Norway).