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SalMar ASA (SALM.OL)
NOK538.00
+13.50 (+2.57%)
NO OSL Consumer Defensive Agricultural Farm Products
Address
Industriveien 51 7266
Kverva, NO
Kverva, NO
CEO
Frode Arntsen
Website
salmar.no
IPO
2007-05-08
ISIN NO0010310956
Also trades on
Oslo Stock Exchange · SALM.OL (NOK)
Other OTC · SALRF (USD)
Other OTC · SALRY (USD)
Description
SalMar ASA functions as a leading aquaculture enterprise, concentrating on the cultivation and international distribution of farmed salmon. Its market reach extends globally, encompassing Asia, the United States, Canada, its home nation of Norway, and the wider European region. The company oversees the entire production lifecycle, from breeding broodfish and raising lumpfish and smolt, through marine-phase cultivation, harvesting, packaging, and processing, ultimately selling its farmed salmon. SalMar's products are supplied to a varied clientele, including importers/exporters, processing firms, and retail chains, facilitated by both its internal sales teams and external partners. Established in 1991, the company's main office is situated in Kverva, Norway.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
NOK538.00
+13.50 (+2.57%)
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Volume Profile
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Liquidity & share structure
Average Volume
237.6K
Beta
0.64
Float Shares
69.09M
Free Float %
51.0%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.61% | -2.13% | +2.77% | +0.97% | -2.79% | -7.19% | +26.99% | +17.48% | -6.46% | +128.88% | +1,373.08% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
538.00
DCF (Unlevered)
580.20
+7.8%
DCF (Levered)
429.05
-20.3%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
45% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 4 | 0 |
| Hold | 5 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 1 | 0 |
Quality scores
Altman Z-Score
2.39
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
-
Revenue growth Agricultural Farm Products: +8.2%+3.7% Q1'26: +25.6% (vs Q1'25)
-
EPS growth Agricultural Farm Products: +20.0%-63.5% Q1'26: +255.6% (vs Q1'25)
-
FCF margin FCF growth · Agricultural Farm Products: +43.8%+4.0% Q1'26: +9.5% (vs Q1'25)
-
EBIT margin Agricultural Farm Products: +8.1%+11.5% ★ Q1'26: +24.6% (vs Q1'25)
-
ROIC Agricultural Farm Products: +6.0%+4.9% Q1'26: +14.9% (vs Q1'25)
-
Share dilution Agricultural Farm Products: +0.0%+1.7% Q1'26: +2.2% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Agricultural Farm Products: 0.61×4.57× Q1'26: 2.67× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2007 actual |
Dec 2008 actual |
Dec 2009 actual |
Dec 2010 actual |
Dec 2011 actual |
Dec 2012 actual |
Dec 2013 actual |
Dec 2014 actual |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 7 Rev. Ana. 9 EPS Ana. |
Dec 2027 9 Rev. Ana. 9 EPS Ana. |
Dec 2028 8 Rev. Ana. 8 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
1.68B
est: 1.63B (+3.0%)
|
1.70B
est: 1.83B (-6.9%)
|
2.38B
est: 2.40B (-0.8%)
|
3.40B
est: 3.62B (-6.0%)
|
3.80B
est: 3.94B (-3.6%)
|
4.20B
est: 4.35B (-3.3%)
|
6.25B
est: 6.26B (-0.3%)
|
7.19B
est: 7.21B (-0.3%)
|
7.33B
est: 7.32B (+0.1%)
|
8.96B
est: 8.71B (+2.9%)
|
10.76B
est: 10.64B (+1.1%)
|
11.34B
est: 11.10B (+2.1%)
|
12.24B
est: 12.18B (+0.5%)
|
12.91B
est: 12.52B (+3.1%)
|
15.04B
est: 14.79B (+1.7%)
|
20.16B
est: 19.60B (+2.8%)
|
28.10B
est: 27.56B (+2.0%)
|
26.43B
est: 26.13B (+1.1%)
|
27.39B
est: 28.17B (-2.8%)
|
31.22B
29.59B – 32.12B
+10.8% YoY
|
34.60B
31.93B – 36.28B
+10.8% YoY
|
37.31B
37.22B – 37.39B
+7.8% YoY
|
| EBITDA |
547.44M
est: 480.27M (+14.0%)
|
349.86M
est: 595.43M (-41.2%)
|
675.99M
est: 306.55M (+120.5%)
|
1.26B
est: 1.10B (+14.8%)
|
293.27M
est: 1.58B (-81.4%)
|
947.76M
est: 324.71M (+191.9%)
|
2.72B
est: 1.02B (+165.0%)
|
2.03B
est: 2.80B (-27.5%)
|
1.80B
est: 1.96B (-7.7%)
|
3.50B
est: 1.93B (+80.9%)
|
3.38B
est: 4.74B (-28.6%)
|
4.90B
est: 3.55B (+38.1%)
|
3.93B
est: 5.49B (-28.5%)
|
3.47B
est: 3.93B (-11.7%)
|
4.29B
est: 4.40B (-2.5%)
|
5.86B
est: 4.91B (+19.4%)
|
10.03B
est: 7.67B (+30.7%)
|
7.22B
est: 7.29B (-0.9%)
|
5.10B
est: 7.84B (-34.9%)
|
8.69B
8.24B – 8.94B
+10.8% YoY
|
9.63B
8.89B – 10.10B
+10.8% YoY
|
10.39B
10.36B – 10.41B
+7.8% YoY
|
| EBIT |
528.36M
est: 388.49M (+36.0%)
|
320.56M
est: 578.63M (-44.6%)
|
667.30M
est: 397.91M (+67.7%)
|
1.33B
est: 875.31M (+51.4%)
|
161.27M
est: 1.26B (-87.2%)
|
777.59M
est: 207.63M (+274.5%)
|
2.49B
est: 920.73M (+170.5%)
|
1.75B
est: 2.24B (-21.8%)
|
1.48B
est: 1.73B (-14.1%)
|
3.45B
est: 1.72B (+100.6%)
|
2.63B
est: 3.78B (-30.4%)
|
4.57B
est: 2.94B (+55.2%)
|
3.21B
est: 4.66B (-31.1%)
|
2.69B
est: 3.15B (-14.8%)
|
3.49B
est: 3.53B (-1.3%)
|
4.86B
est: 3.94B (+23.4%)
|
8.57B
est: 6.06B (+41.5%)
|
5.46B
est: 5.75B (-5.1%)
|
3.15B
est: 6.20B (-49.2%)
|
6.87B
6.51B – 7.06B
+10.8% YoY
|
7.61B
7.02B – 7.98B
+10.8% YoY
|
8.20B
8.19B – 8.22B
+7.8% YoY
|
| Net Income |
351.83M
est: 405.60M (-13.3%)
|
168.83M
est: 402.52M (-58.1%)
|
470.89M
est: 221.21M (+112.9%)
|
958.12M
est: 710.81M (+34.8%)
|
147.37M
est: 1.03B (-85.7%)
|
467.37M
est: 160.14M (+191.8%)
|
1.79B
est: 672.89M (+166.0%)
|
1.19B
est: 2.06B (-42.1%)
|
1.10B
est: 1.25B (-11.7%)
|
2.64B
est: 1.31B (+100.8%)
|
2.27B
est: 3.23B (-29.6%)
|
3.57B
est: 2.40B (+48.8%)
|
2.49B
est: 3.86B (-35.6%)
|
1.98B
est: 2.58B (-23.4%)
|
2.62B
est: 2.90B (-9.7%)
|
3.31B
est: 908.58M (+264.5%)
|
3.20B
est: 3.61B (-11.2%)
|
2.97B
est: 2.76B (+7.5%)
|
1.11B
est: 1.76B (-37.1%)
|
4.02B
2.92B – 4.88B
+128.9% YoY
|
5.54B
4.04B – 6.80B
+37.8% YoY
|
6.22B
4.71B – 7.42B
+12.2% YoY
|
| SGA |
235.45M
est: 125.77M (+87.2%)
|
249.70M
est: 249.29M (+0.2%)
|
—
est: 314.14M (-100.0%)
|
33.59M
est: 401.44M (-91.6%)
|
395.87M
est: 340.74M (+16.2%)
|
322.50M
est: 432.94M (-25.5%)
|
423.08M
est: 695.95M (-39.2%)
|
445.22M
est: 873.26M (-49.0%)
|
559.53M
est: 744.79M (-24.9%)
|
550.78M
est: 911.85M (-39.6%)
|
672.15M
est: 1.05B (-36.3%)
|
681.09M
est: 979.51M (-30.5%)
|
720.06M
est: 1.13B (-36.0%)
|
1.09B
est: 1.25B (-12.4%)
|
1.32B
est: 1.40B (-5.7%)
|
1.73B
est: 1.56B (+10.7%)
|
1.93B
est: 1.66B (+15.9%)
|
1.57B
est: 1.58B (-0.6%)
|
—
est: 1.70B (-100.0%)
|
1.88B
1.78B – 1.94B
+10.8% YoY
|
2.09B
1.92B – 2.19B
+10.8% YoY
|
2.25B
2.24B – 2.25B
+7.8% YoY
|
| EPS |
3.45
est: 3.07 (+12.3%)
|
1.64
est: 2.14 (-23.3%)
|
4.58
est: 4.70 (-2.5%)
|
9.19
est: 8.09 (+13.7%)
|
1.41
est: 4.06 (-65.2%)
|
4.20
est: 1.87 (+124.2%)
|
15.80
est: 10.14 (+55.8%)
|
10.65
est: 11.65 (-8.6%)
|
9.85
est: 9.07 (+8.6%)
|
23.51
est: 17.80 (+32.1%)
|
20.24
est: 22.31 (-9.3%)
|
31.70
est: 24.60 (+28.8%)
|
22.06
est: 23.14 (-4.7%)
|
17.52
est: 19.46 (-10.0%)
|
22.61
est: 19.82 (+14.1%)
|
27.65
est: 27.08 (+2.1%)
|
24.40
est: 27.28 (-10.6%)
|
22.50
est: 20.93 (+7.5%)
|
8.30
est: 13.32 (-37.7%)
|
31.97
21.74 – 36.38
+140.0% YoY
|
42.33
30.12 – 50.67
+32.4% YoY
|
47.02
35.10 – 55.29
+11.1% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | C+ | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-28 | C+ | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-27 | B- | 2/5 | 3/5 | 4/5 | 4/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-26 | B- | 2/5 | 3/5 | 4/5 | 4/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-22 | B- | 2/5 | 3/5 | 4/5 | 4/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-21 | B- | 2/5 | 3/5 | 4/5 | 4/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-20 | C+ | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-19 | C+ | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-18 | C+ | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-15 | C+ | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-13 | C+ | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-12 | C+ | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-11 | C+ | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-08 | C+ | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 1/5 | 2/5 |
| 2026-05-07 | C+ | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 1/5 | 2/5 |
| 2026-05-06 | C+ | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 1/5 | 2/5 |
| 2026-05-05 | C+ | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 1/5 | 2/5 |
| 2026-05-04 | C+ | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 1/5 | 2/5 |
| 2026-04-30 | C+ | 2/5 | 3/5 | 2/5 | 3/5 | 1/5 | 1/5 | 2/5 |
| 2026-04-29 | C+ | 2/5 | 3/5 | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 |
| 2026-04-28 | C+ | 2/5 | 3/5 | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 |
| 2026-04-27 | C+ | 2/5 | 3/5 | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 |
| 2026-04-24 | C+ | 2/5 | 3/5 | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 |
| 2026-04-23 | C+ | 2/5 | 3/5 | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 |
| 2026-04-22 | C+ | 2/5 | 3/5 | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 |
| 2026-04-21 | C+ | 2/5 | 3/5 | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 |
| 2026-04-20 | C+ | 2/5 | 3/5 | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 |
| 2026-04-17 | C+ | 2/5 | 3/5 | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 |
| 2026-04-16 | C+ | 2/5 | 3/5 | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
6.15B
OE per share TTM
45.81
Owner's Yield
7.91%
Maintenance CapEx ratio
80.87%
Maint CapEx / Avg PPE
55.6%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 260 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Global X - MSCI Norway ETF NORW | 1.53% | 1.31M | 0.50% |
| 2 | iShares MSCI Norway ETF ENOR | 1.52% | 1.40M | 0.53% |
| 3 | VanEck Agribusiness ETF MOO | 1.30% | 12.49M | 0.56% |
| 4 | T. Rowe Price Natural Resources ETF TURF | 1.26% | 2.76M | 0.44% |
| 5 | iShares Agribusiness UCITS ETF ISAG.L | 0.99% | 4.56M | 0.55% |
| 6 | iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) EXH3.DE | 0.69% | 2.49M | 0.46% |
| 7 | iShares MSCI Agriculture Producers ETF VEGI | 0.61% | 956.1K | 0.39% |
| 8 | FlexShares Morningstar Global Upstream Natural Resources Index Fund GUNR | 0.53% | 36.14M | 0.47% |
| 9 | iShares STOXX Europe Small 200 UCITS ETF (DE) EXSE.DE | 0.48% | 3.25M | 0.20% |
| 10 | iShares MSCI Europe Mid-Cap Equal Weight UCITS ETF IEFS.L | 0.34% | 132.3K | 0.25% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
1.02M
Shares Outstanding
135.54M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Frode Arntsen | President & Chief Executive Officer | 6M | male |
| Ulrik Steinvik | Chief Financial Officer | 4M | male |
| Roger Bekken | C.T.O. | 4M | male |
| Anders Fjellheim | Chief Operating Officer of Farming | 4M | male |
| Simon Sobstad | Chief Operating Officer of Sales & Industry | 4M | male |
| Runar Sivertsen | Chief Strategy Officer | 4M | male |
| Arthur Wisniewski | Director of Human Resource Management | 3M | male |
| Gustav Magnar Witzoe | Co-Founder & Chairman | 615.0K | male |
| Hakon Husby | Head of Investor Relations | — | male |
| Tonette Bjørgård | Head of Accounting | — | — |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for SALM.OL
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
