Valuation SalMar ASA Deutsche Boerse AG

Stocks

Market Closed - Deutsche Boerse AG 02:11:52 2026-10-05 EDT			5-day change	1st Jan Change
53.15 ^EUR	-1.57%		+2.71%	+2.61%

10-02	Goldman Sachs sees new profitability era for salmon sector	FW
10-02	Goldman Sachs initiates coverage of SalMar with a buy rating and a price target of NOK 700 - BN	FW

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	77,266	-	-
Change	-	-21.92%	20.69%	5.76%	17.18%	-7.43%	-	-
Enterprise Value (EV) ¹	77,024	74,889	80,462	88,031	104,317	98,048	97,520	95,081
Change	-	-2.77%	7.44%	9.41%	18.5%	-6.01%	-0.54%	-2.5%
P/E	26.9x	13.9x	23.4x	24x	75.3x	23.9x	15.3x	13.2x
PBR	5.41x	2.61x	3.76x	3.98x	4.71x	4.03x	3.45x	3.05x
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	2.39x	2.11x	1.96x
EV / Revenue	5.12x	3.72x	2.85x	3.33x	3.81x	3.03x	2.66x	2.41x
EV / EBITDA	20.6x	13.6x	8.43x	12.4x	17.9x	11.2x	8.92x	7.82x
EV / EBIT	26.3x	16.8x	9.95x	16.2x	27x	14.8x	11.1x	9.53x
EV / FCF	951x	38.3x	7.5x	27.4x	83.2x	23.5x	18x	17.1x
FCF Yield	0.11%	2.61%	13.3%	3.65%	1.2%	4.26%	5.56%	5.84%
Dividend per Share ²	20	20	35	22	10	19.58	24.8	29.47
Rate of return	3.29%	5.2%	6.15%	4.07%	1.62%	3.45%	4.37%	5.2%
EPS ²	22.61	27.64	24.3	22.5	8.2	23.76	37.08	43.08
Distribution rate	88.5%	72.4%	144%	97.8%	122%	82.4%	66.9%	68.4%
Net sales ¹	15,044	20,158	28,219	26,426	27,394	32,349	36,655	39,424
EBITDA ¹	3,734	5,502	9,540	7,120	5,812	8,772	10,938	12,160
EBIT ¹	2,927	4,465	8,088	5,429	3,867	6,645	8,768	9,979
Net income ¹	2,668	3,312	3,203	2,969	1,105	3,318	5,105	6,013
Net Debt ¹	5,543	19,079	13,107	16,799	20,848	20,782	20,254	17,815
Reference price ²	608.00	384.80	569.20	540.50	617.50	567.00	567.00	567.00
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

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NESTLÉ S.A.	19.66x	2.7x	13.49x	4.2%	232B
MONDELEZ INTERNATIONAL, INC.	18.1x	2.36x	14.09x	3.54%	74.27B
DANONE	15.92x	1.67x	9.48x	3.97%	42.8B
ARCHER-DANIELS-MIDLAND COMPANY	14.9x	0.53x	9.56x	2.59%	38.77B
THE HERSHEY COMPANY	19.39x	2.97x	12.07x	3.6%	32.19B
AJINOMOTO CO., INC.	35.68x	3.08x	17.97x	1.04%	31.54B
FOSHAN HAITIAN FLAVOURING AND FOOD COMPANY LTD.	25.03x	5.24x	16.69x	3.35%	28.38B
KRAFT HEINZ	-7.82x	1.76x	8.76x	7.23%	26.31B
Average	17.61x	2.54x	12.77x	3.69%	63.28B
Weighted average by Cap.	18.60x	2.53x	13.06x	3.83%