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 75,222 - -
Change - -21.92% 20.69% 5.76% 17.18% -9.88% - -
Enterprise Value (EV) 1 77,024 74,889 80,462 88,031 104,317 95,884 95,358 92,913
Change - -2.77% 7.44% 9.41% 18.5% -8.08% -0.55% -2.56%
P/E 26.9x 13.9x 23.4x 24x 75.3x 22.9x 14.8x 12.8x
PBR 5.41x 2.61x 3.76x 3.98x 4.71x 3.92x 3.32x 2.94x
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 2.32x 2.05x 1.91x
EV / Revenue 5.12x 3.72x 2.85x 3.33x 3.81x 2.96x 2.6x 2.36x
EV / EBITDA 20.6x 13.6x 8.43x 12.4x 17.9x 11x 8.72x 7.64x
EV / EBIT 26.3x 16.8x 9.95x 16.2x 27x 14.5x 10.9x 9.31x
EV / FCF 951x 38.3x 7.5x 27.4x 83.2x 23x 17.6x 16.7x
FCF Yield 0.11% 2.61% 13.3% 3.65% 1.2% 4.34% 5.69% 5.98%
Dividend per Share 2 20 20 35 22 10 19.58 24.36 29.71
Rate of return 3.29% 5.2% 6.15% 4.07% 1.62% 3.55% 4.41% 5.38%
EPS 2 22.61 27.64 24.3 22.5 8.2 24.08 37.25 43.16
Distribution rate 88.5% 72.4% 144% 97.8% 122% 81.3% 65.4% 68.8%
Net sales 1 15,044 20,158 28,219 26,426 27,394 32,355 36,655 39,423
EBITDA 1 3,734 5,502 9,540 7,120 5,812 8,740 10,934 12,161
EBIT 1 2,927 4,465 8,088 5,429 3,867 6,613 8,764 9,979
Net income 1 2,668 3,312 3,203 2,969 1,105 3,306 5,116 6,001
Net Debt 1 5,543 19,079 13,107 16,799 20,848 20,662 20,135 17,690
Reference price 2 608.00 384.80 569.20 540.50 617.50 552.00 552.00 552.00
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

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.33x2.77x13.84x4.06% 239B
19.13x2.47x14.73x3.35% 78.49B
15.9x1.65x9.38x3.99% 42.3B
15.41x0.55x9.84x2.51% 40.1B
19.73x3.02x12.27x3.54% 32.76B
36.22x3.13x18.22x1.02% 31.88B
25.5x5.29x16.85x3.29% 28.98B
61.67x9.46x39.25x1.24% 27.04B
-7.9x1.77x8.83x7.15% 26.6B
Average 22.89x 3.34x 15.91x 3.35% 60.77B
Weighted average by Cap. 21.29x 2.93x 14.66x 3.6%

Y-o-Y evolution of P/E

Valuation ratios - P/E - SalMar ASA

Historical PBR trend

Valuation ratios - PBR - SalMar ASA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - SalMar ASA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - SalMar ASA


Year-on-year evolution of the Yield

Valuation ratios - Yield - SalMar ASA