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 63,079 - -
Change - -21.92% 20.69% 5.76% 17.18% -24.43% - -
Enterprise Value (EV) 1 77,024 74,889 80,462 88,031 104,317 81,663 79,680 76,450
Change - -2.77% 7.44% 9.41% 18.5% -21.72% -2.43% -4.05%
P/E 26.9x 13.9x 23.4x 24x 75.3x 16.7x 11.9x 10.5x
PBR 5.41x 2.61x 3.76x 3.98x 4.71x 3.05x 2.77x 2.45x
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 2.06x 1.83x 1.69x
EV / Revenue 5.12x 3.72x 2.85x 3.33x 3.81x 2.66x 2.32x 2.05x
EV / EBITDA 20.6x 13.6x 8.43x 12.4x 17.9x 8.96x 7.1x 6.19x
EV / EBIT 26.3x 16.8x 9.95x 16.2x 27x 11.5x 8.7x 7.44x
EV / FCF 951x 38.3x 7.5x 27.4x 83.2x 17.8x 13.3x 13.4x
FCF Yield 0.11% 2.61% 13.3% 3.65% 1.2% 5.6% 7.54% 7.44%
Dividend per Share 2 20 20 35 22 10 20.38 26.32 27.06
Rate of return 3.29% 5.2% 6.15% 4.07% 1.62% 4.38% 5.65% 5.81%
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% 73.1% 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 2 608.00 384.80 569.20 540.50 617.50 465.40 465.40 465.40
Nbr of stocks (in thousands) 117,568 145,037 118,333 131,789 135,173 135,538 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.49x1.73x8.18x4.45% 9.97B
13.49x0.68x9.33x2.62% 2.44B
12.54x0.89x6.04x6.91% 2.36B
7.7x0.61x3.59x8.28% 1.61B
10.81x0.77x8.73x5.68% 1.39B
7.75x0.32x3.79x3.52% 981M
Average 10.96x 0.83x 6.61x 5.24% 3.12B
Weighted average by Cap. 12.37x 1.25x 7.48x 4.89%

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