-0.57%
10.26%
8.78%
-3.34%
3.80%
0.53%
34.38%
AI Spotlight on SALM
Company Description
SalMar ASA, an aquaculture company, produces and sells farmed salmon in Asia, the United States, Canada, Norway, rest of Europe, and internationally.It is involved in the broodfish, lumpfish, and smolt production activities; and marine-phase farming, harvesting, packaging, processing, and selling farmed salmon.The company sells its products to importers/exporters, processing companies, and retail chains through in-house sales force and/or through partners.
SalMar ASA was founded in 1991 and is headquartered in Kverva, Norway.
Market Data
| Last Price | 607 |
| Change Percentage | -0.57% |
| Open | 604.5 |
| Previous Close | 610.5 |
| Market Cap ( Millions) | 79984 |
| Volume | 33461 |
| Year High | 717.6 |
| Year Low | 520 |
| M A 50 | 566.86 |
| M A 200 | 586.88 |
Financial Ratios
| FCF Yield | 3.60% |
| Dividend Yield | 5.77% |
| ROE | 17.65% |
| Debt / Equity | 118.20% |
| Net Debt / EBIDTA | 294.94% |
| Price To Book | 4.6 |
| Price Earnings Ratio | 23.96 |
| Price To FCF | 27.75 |
| Price To sales | 3.01 |
| EV / EBITDA | 14.91 |
News
- Jan -23 - SalMar - Successful Issuance of New Green Bonds
- Dec -19 - SalMar - 2024 share-based incentive scheme for senior executives and key personnel
- Nov -20 - SalMar - Sale by primary insiders in connection with release of employee restricted share units completed
- Nov -19 - SalMar - Release of employee restricted share units
- Nov -18 - SalMar - Satisfactory financial results despite a period marked by biological challenges
- Nov -12 - SalMar - Invitation to presentation of the third quarter 2024 results
- Sep -10 - SalMar - Issuance of Commercial Paper
- Aug -20 - SalMar – Positive biological development after a challenging winter season
- Aug -14 - SalMar - Invitation to presentation of the second quarter 2024 results
- Jun -12 - SalMar - Extension of Commercial Paper
- Jun -07 - SalMar - Issuance of Commercial Paper
- May -14 - SalMar - Results in the first quarter characterized by a challenging winter period
- May -08 - SalMar - Invitation to presentation of the first quarter 2024 results
- Apr -12 - SalMar - Final year-end financial statements for 2023 approved by the board of directors
- Mar -06 - SalMar – Presentation North Atlantic Seafood Forum
- Feb -15 - SalMar - Solid results for the fourth quarter ending a record year for SalMar
- Feb -12 - SalMar - Invitation to presentation of the fourth quarter 2023 results
- Jan -25 - Statement of Objections from the European Commission
- Dec -19 - SalMar - 2023 share-based incentive scheme for senior executives and key personnel
- Dec -13 - SalMar - Completion of intra-group merger and mandatory notification of trade
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Sales & Industry
Expected Growth : 10 %
What the company do ?
SalMar ASA's Sales & Industry segment involves farming and sales of salmon and other fish products, contributing significantly to the company's revenue.
Why we expect these perspectives ?
SalMar ASA's 10% growth in Sales & Industry is driven by increasing demand for sustainable and responsible aquaculture practices, expansion into new markets, and strategic acquisitions. Additionally, investments in technology and process improvements have enhanced operational efficiency, contributing to the company's growth.
Segment n°2 -> Other/Eliminations
Expected Growth : 8 %
What the company do ?
Other/Eliminations from SalMar ASA refers to the removal of non-core or underperforming assets, resulting in a one-time gain or loss, affecting the company's financial performance.
Why we expect these perspectives ?
SalMar ASA's Other/Eliminations segment growth of 8% is driven by increased sales of value-added products, improved operational efficiency, and strategic cost reductions. Additionally, the company's focus on sustainability and eco-friendly practices has led to higher demand for its products, contributing to the segment's growth.
Segment n°3 -> Fish Farming Central Norway
Expected Growth : 12 %
What the company do ?
Fish Farming Central Norway from SalMar ASA is a leading salmon farming region in Norway, producing high-quality Atlantic salmon for global markets.
Why we expect these perspectives ?
SalMar ASA's Fish Farming Central Norway segment growth of 12% is driven by increasing demand for sustainable seafood, favorable ocean climate, and proximity to European markets. Additionally, the company's focus on biological and technological advancements, such as its 'Smart Fish Farm' concept, has improved efficiency and reduced costs, contributing to the segment's growth.
Segment n°4 -> Fish Farming Northern Norway
Expected Growth : 11 %
What the company do ?
Fish Farming Northern Norway from SalMar ASA is a leading salmon farming company, producing high-quality Atlantic salmon in the pristine waters of Northern Norway.
Why we expect these perspectives ?
SalMar ASA's fish farming in Northern Norway achieves 11% growth driven by increasing demand for sustainable seafood, favorable oceanic conditions, and strategic investments in technology and infrastructure. Additionally, Norway's aquaculture-friendly regulations and SalMar's commitment to eco-friendly practices contribute to the segment's growth.
Segment n°5 -> Icelandic Salmon
Expected Growth : 10 %
What the company do ?
Icelandic Salmon from SalMar ASA is a premium, sustainably farmed salmon from Iceland, known for its firm texture and rich flavor profile.
Why we expect these perspectives ?
SalMar ASA's Icelandic Salmon growth is driven by increasing global demand for sustainable seafood, rising popularity of healthy protein sources, and growing market share in Asia. Additionally, SalMar's commitment to sustainable aquaculture practices, efficient production costs, and strategic partnerships contribute to its 10% growth.
Segment n°6 -> SalMar Aker Ocean
Expected Growth : 9 %
What the company do ?
SalMar Aker Ocean is a sustainable offshore fish farming project by SalMar ASA, providing large-scale, ocean-based aquaculture solutions.
Why we expect these perspectives ?
SalMar Aker Ocean's 9% growth driven by increasing demand for sustainable seafood, expansion into new markets, and strategic acquisitions. Strong operational efficiency, cost savings, and high-margin product mix contribute to profitability. Additionally, investments in aquaculture technology and sustainable practices enhance competitiveness and drive growth.
Salmar Asa Products
| Product Range | What is it ? |
|---|---|
| Salmon | Fresh and frozen salmon fillets, whole salmon, and salmon portions |
| Trout | Fresh and frozen trout fillets, whole trout, and trout portions |
| Smolt | Young salmon and trout reared for sale to other fish farmers |
| Roe and Caviar | Salmon and trout roe and caviar for human consumption |
| Fishmeal and Fish Oil | Fishmeal and fish oil produced from fish waste and offcuts |
| Value-Added Products | Smoked salmon, marinated salmon, and other value-added salmon products |
SalMar ASA's Porter Forces
Threat Of Substitutes
SalMar ASA operates in the aquaculture industry, where substitutes are limited. However, there is a growing trend towards plant-based seafood alternatives, which could pose a threat to the company's products.
Bargaining Power Of Customers
SalMar ASA's customers are primarily wholesalers and retailers, who have limited bargaining power due to the company's strong market position and high-quality products.
Bargaining Power Of Suppliers
SalMar ASA relies on a few large suppliers for feed and other essential inputs. While the company has some bargaining power, suppliers also have some leverage due to the specialized nature of their products.
Threat Of New Entrants
The aquaculture industry has high barriers to entry, including significant capital requirements, regulatory hurdles, and the need for specialized expertise. This limits the threat of new entrants to SalMar ASA's market.
Intensity Of Rivalry
The aquaculture industry is highly competitive, with several large players competing for market share. SalMar ASA faces intense rivalry from companies such as Mowi and Grieg Seafood.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 41.70% |
| Debt Cost | 7.48% |
| Equity Weight | 58.30% |
| Equity Cost | 7.48% |
| WACC | 7.48% |
| Leverage | 71.53% |
SalMar ASA : Quality Control
SalMar ASA passed 6 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| UIE.CO | UIE PLC invests in the agro-industrial sector, and industrial and technology businesses. The company primarily cultivates oil palm and coconuts, and processes palm oil. It operates in Malaysia, Indonesia, the … |
| BAKKA.OL | P/F Bakkafrost, together with its subsidiaries, produces and sells salmon products under the Bakkafrost and Havsbrún brands in North America, Western Europe, Eastern Europe, Asia, and internationally. It operates through … |
| CALM | Cal-Maine Foods, Inc., together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown … |
| BB.PA | Société BIC SA manufactures and sells stationery, lighter, shaver, and other products worldwide. It offers ball and coloring felt pens, markers, sticky notes, leads, whiteboards, and correction tapes, as well … |
| MOWI.OL | Mowi ASA, a seafood company, produces and supplies farmed salmon products worldwide. The company operates through three segments: Feed, Farming, and Sales and Marketing. It is involved in the salmon … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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UIE
A-Score
1-Year Total Return ->
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Cal-Maine Foods
A-Score
1-Year Total Return ->
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BIC
A-Score
1-Year Total Return ->
4
Mowi
A-Score
1-Year Total Return ->
5
SalMar
A-Score
1-Year Total Return ->
6
