Company Valuation: SalMar ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 71,481 55,810 67,355 71,232 83,469 70,793 - -
Change - -21.92% 20.69% 5.76% 17.18% -15.19% - -
Enterprise Value (EV) 1 77,024 74,889 80,462 88,031 104,317 89,377 87,394 84,164
Change - -2.77% 7.44% 9.41% 18.5% -14.32% -2.22% -3.7%
P/E 26.9x 13.9x 23.4x 24x 75.3x 18.6x 13.3x 11.7x
PBR 5.41x 2.61x 3.76x 3.98x 4.71x 3.41x 3.1x 2.74x
PEG - 0.6x -1.9x -3.24x -1.2x 0x 0.3x 0.8x
Capitalization / Revenue 4.75x 2.77x 2.39x 2.7x 3.05x 2.31x 2.06x 1.9x
EV / Revenue 5.12x 3.72x 2.85x 3.33x 3.81x 2.91x 2.54x 2.26x
EV / EBITDA 20.6x 13.6x 8.43x 12.4x 17.9x 9.81x 7.79x 6.81x
EV / EBIT 26.3x 16.8x 9.95x 16.2x 27x 12.6x 9.54x 8.19x
EV / FCF 951x 38.3x 7.5x 27.4x 83.2x 19.5x 14.6x 14.8x
FCF Yield 0.11% 2.61% 13.3% 3.65% 1.2% 5.12% 6.87% 6.76%
Dividend per Share 2 20 20 35 22 10 21.56 26.32 27.06
Rate of return 3.29% 5.2% 6.15% 4.07% 1.62% 4.15% 5.07% 5.21%
EPS 2 22.61 27.64 24.3 22.5 8.2 27.87 39.08 44.54
Distribution rate 88.5% 72.4% 144% 97.8% 122% 77.4% 67.3% 60.8%
Net sales 1 15,044 20,158 28,219 26,426 27,394 30,691 34,384 37,301
EBITDA 1 3,734 5,502 9,540 7,120 5,812 9,114 11,215 12,358
EBIT 1 2,927 4,465 8,088 5,429 3,867 7,105 9,162 10,278
Net income 1 2,668 3,312 3,203 2,969 1,105 3,728 5,296 6,037
Net Debt 1 5,543 19,079 13,107 16,799 20,848 18,584 16,600 13,371
Reference price 2 608.00 384.80 569.20 540.50 617.50 519.50 519.50 519.50
Nbr of stocks (in thousands) 117,568 145,037 118,333 131,789 135,173 136,272 - -
Announcement Date 2/18/22 2/21/23 2/15/24 2/18/25 2/10/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.31x1.92x8.9x4.01% 11.1B
13.48x0.94x6.37x6.43% 2.58B
13.86x0.68x9.35x2.55% 2.42B
8.39x0.65x3.79x7.6% 1.79B
10.99x0.77x8.76x5.64% 1.4B
7.84x0.33x3.81x3.48% 1.05B
Average 11.65x 0.88x 6.83x 4.95% 3.39B
Weighted average by Cap. 13.61x 1.38x 7.91x 4.54%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield