Company Valuation: Salmon Evolution ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,673 2,859 2,806 3,090 2,401 2,092 - -
Change - 6.98% -1.85% 10.11% -22.31% -12.88% - -
Enterprise Value (EV) 1 2,403 3,162 3,093 3,403 4,158 4,554 4,860 5,773
Change - 31.61% -2.18% 10.02% 22.19% 9.51% 6.72% 18.78%
P/E -78.2x -82.7x -18.3x -60.7x -14x -14.4x -182x 15.6x
PBR 2.07x 1.83x 1.38x 1.32x 1.16x 0.91x 0.92x 0.87x
PEG - 9.1x -0x 0.9x -0x 0.5x 2x -0x
Capitalization / Revenue 218x 60x 16.7x 6.55x 7.36x 4.46x 2.06x 1.4x
EV / Revenue 196x 66.3x 18.4x 7.22x 12.8x 9.71x 4.78x 3.87x
EV / EBITDA -67.5x -46.2x -36.8x 47.7x -52.8x 244x 20.2x 12.4x
EV / EBIT -63.5x -42.4x -23.7x -720x -26.2x -62.8x 44.9x 19.9x
EV / FCF -2.73x -3.62x -7.7x -10.8x -3.15x -3.85x -5.92x -8.26x
FCF Yield -36.7% -27.7% -13% -9.26% -31.7% -26% -16.9% -12.1%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.11 -0.1 -0.37 -0.11 -0.37 -0.2667 -0.0211 0.2461
Distribution rate - - - - - - - -
Net sales 1 12.26 47.68 168.4 471.6 326 468.9 1,016 1,491
EBITDA 1 -35.61 -68.48 -83.95 71.42 -78.69 18.69 240.6 467.2
EBIT 1 -37.84 -74.67 -130.7 -4.727 -158.9 -72.46 108.2 289.9
Net income 1 -33.29 -32.73 -145.8 -47.4 -171.6 -135.2 -17.34 132.7
Net Debt 1 -270 303 286.8 313 1,757 2,462 2,768 3,681
Reference price 2 8.600 8.270 6.780 6.680 5.190 3.845 3.845 3.845
Nbr of stocks (in thousands) 310,796 345,755 413,937 462,603 462,603 544,003 - -
Announcement Date 2/10/22 2/8/23 2/13/24 2/11/25 2/24/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-14.42x9.71x243.62x-.--% 224M
21.42x2.92x9.24x2.54% 3.18B
24.06x1.27x9.48x1.62% 532M
127.96x2.6x12.28x1.99% 494M
15.11x0.98x6.06x3.49% 404M
Average 34.83x 3.50x 56.14x 1.93% 967.36M
Weighted average by Cap. 30.40x 2.86x 20.15x 2.34%

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

  1. Stock Market
  2. Stocks
  3. SALME Stock
  4. Valuation Salmon Evolution ASA