SalMar (SALM) Stock Overview
An aquaculture company, produces and sells farmed salmon in Norway, Asia, Europe, North America, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
SALM Community Fair Values
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Analyst Price Targets
SalMar ASA Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 538.00 |
| 52 Week High | NOK 627.00 |
| 52 Week Low | NOK 407.20 |
| Beta | 0.64 |
| 1 Month Change | -1.47% |
| 3 Month Change | -7.48% |
| 1 Year Change | 18.40% |
| 3 Year Change | 16.30% |
| 5 Year Change | -11.66% |
| Change since IPO | 1,279.49% |
Recent News & Updates
Narrative Update • May 31
SALM: Higher Future P E Multiple Will Likely Strain Earnings Cushion
Analysts have raised their SalMar price target by NOK 30 to NOK 509.74, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples. Analyst Commentary Bearish analysts are highlighting that the higher NOK 509.74 price target still rests on a set of assumptions around discount rates, revenue growth, profit margins and future P/E multiples that may prove demanding if conditions turn less supportive.
Narrative Update • Apr 21
SALM: Higher Margins And Volume Execution Will Support Future Upside
Analysts have trimmed their fair value estimate for SalMar from NOK 680 to NOK 668, linking the change to updated assumptions for revenue growth, profit margins and a slightly lower future P/E multiple, even as some Street targets, such as Berenberg's recent NOK 30 increase, reflect differing views on the potential for upside. Analyst Commentary Recent Street commentary has focused on how updated assumptions around revenue, margins and valuation multiples feed into fair value and price targets for SalMar.Narrative Update • Apr 07
SALM: Revised Margin Profile And Higher P/E Will Support Future Returns
Narrative Update on SalMar Analysts have raised their SalMar price target by NOK 15 to NOK 680, citing updated assumptions that include a revised profit margin profile and a higher future P/E multiple. Analyst Commentary Recent Street research on SalMar points to a constructive tone, with bullish analysts adjusting price targets and refining their views on the company’s valuation and earnings profile.Recent updates
Narrative Update • May 31
SALM: Higher Future P E Multiple Will Likely Strain Earnings Cushion
Analysts have raised their SalMar price target by NOK 30 to NOK 509.74, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples. Analyst Commentary Bearish analysts are highlighting that the higher NOK 509.74 price target still rests on a set of assumptions around discount rates, revenue growth, profit margins and future P/E multiples that may prove demanding if conditions turn less supportive.Narrative Update • Apr 21
SALM: Higher Margins And Volume Execution Will Support Future Upside
Analysts have trimmed their fair value estimate for SalMar from NOK 680 to NOK 668, linking the change to updated assumptions for revenue growth, profit margins and a slightly lower future P/E multiple, even as some Street targets, such as Berenberg's recent NOK 30 increase, reflect differing views on the potential for upside. Analyst Commentary Recent Street commentary has focused on how updated assumptions around revenue, margins and valuation multiples feed into fair value and price targets for SalMar.Narrative Update • Apr 07
SALM: Revised Margin Profile And Higher P/E Will Support Future Returns
Narrative Update on SalMar Analysts have raised their SalMar price target by NOK 15 to NOK 680, citing updated assumptions that include a revised profit margin profile and a higher future P/E multiple. Analyst Commentary Recent Street research on SalMar points to a constructive tone, with bullish analysts adjusting price targets and refining their views on the company’s valuation and earnings profile.Narrative Update • Mar 23
SALM: Stable Outlook Will Weigh Lower Margins Against Higher Future P E Multiple
Analysts are keeping their NOK 500 price target for SalMar unchanged, with updated assumptions reflecting a slightly higher discount rate, a lower projected profit margin and a higher future P/E multiple as they reassess the balance between growth expectations and profitability. What's in the News SalMar maintains its production guidance for 2026 at 296,000 tonnes across Norway, Ocean and Iceland, with Scottish Sea Farms adjusted to 43,000 tonnes on a 100% basis.
Narrative Update • Mar 09
SALM: Dividend And Harvest Guidance Will Shape Fairly Valued Outlook
Analysts have kept their NOK price target for SalMar broadly unchanged at around NOK 600.8. This reflects steady assumptions on discount rate, revenue growth, profit margins and future P/E that support a consistent view of the company’s valuation. What's in the News SalMar kept its 2026 production guidance for Norway, Ocean and Iceland at 296,000 tonnes, with Scottish Sea Farms adjusted to 43,000 tonnes on a 100% basis (Corporate Guidance).Narrative Update • Feb 23
SALM: Dividend Plans And Volume Guidance Will Define Earnings Resilience
Analysts have slightly reduced their fair value estimate for SalMar from NOK 605 to about NOK 600, citing updates to the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Board proposes a cash dividend of NOK 10.00 per share for the financial year 2025, subject to approval (Key Developments) Company maintains production guidance for 2026 at 296,000 tonnes across Norway, Ocean and Iceland, with Scottish Sea Farms volume guidance at 43,000 tonnes on a 100% basis (Key Developments) Total expected 2026 harvest volume for the group, adjusted for SalMar's share of Scottish Sea Farms, is guided at 318,000 tonnes, described as a 6% increase in harvested volume compared with 2025 (Key Developments) Reported fourth quarter 2025 harvest volume of 84,100 tonnes (Key Developments) Reported full year 2025 harvest volume of 284,500 tonnes (Key Developments) Valuation Changes Fair Value: Analysts now estimate fair value at NOK 600.8, compared with NOK 605 previously, a small downward adjustment.Analysis Article • Feb 13
SalMar ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
It's shaping up to be a tough period for SalMar ASA ( OB:SALM ), which a week ago released some disappointing annual...Narrative Update • Feb 08
SALM: Higher Harvest Volumes And Margin Strength Will Support Future Returns
Analysts have trimmed their fair value estimate for SalMar to NOK 665 from NOK 680, reflecting updated assumptions on growth, margins and discount rate, even as one firm recently lifted its price target to NOK 570. Analyst Commentary Recent research updates show that some bullish analysts are becoming more constructive on SalMar's valuation, even as fair value estimates remain above current price targets.Analysis Article • Jan 28
SalMar ASA (OB:SALM) Not Lagging Market On Growth Or Pricing
When close to half the companies in Norway have price-to-earnings ratios (or "P/E's") below 14x, you may consider...Narrative Update • Jan 25
SALM: Mixed Ratings And Margin Assumptions Will Shape Future Share Performance
The analyst price target for SalMar has been raised from NOK 420 to NOK 500, with analysts pointing to updated assumptions for profit margins and P/E multiples that align with recent Street research moves around NOK 500 to NOK 570 targets and mixed rating changes. Analyst Commentary Recent Street research on SalMar has sent mixed signals, with price targets clustered in the NOK 500 to NOK 570 range and ratings spread across Buy, Hold, and Sell.Narrative Update • Jan 10
SALM: Higher Harvest Volumes And Margin Resilience Will Support Future Earnings
The analyst price target on SalMar has been reduced from NOK 700 to NOK 680. Analysts attribute the adjustment to slightly lower assumptions for revenue growth and profit margins, partially offset by recent target and rating changes from the Street in the NOK 500 to NOK 570 range.Analysis Article • Jan 10
Is SalMar ASA (OB:SALM) Potentially Undervalued?
SalMar ASA ( OB:SALM ), is not the largest company out there, but it saw significant share price movement during recent...Analysis Article • Dec 23
SalMar (OB:SALM) Takes On Some Risk With Its Use Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Dec 18
SALM: Higher Margin Outlook Will Support Stronger Earnings Power Ahead
We raise our SalMar fair value estimate to NOK 700 from NOK 650, reflecting analysts' higher price targets despite mixed ratings, as they factor in stronger margin expectations, a modestly higher discount rate, and a slightly lower long term growth outlook. Analyst Commentary Recent Street research on SalMar reflects a constructive bias among bullish analysts, with higher price targets and rating upgrades pointing to growing confidence in the company’s earnings power and operational execution.Narrative Update • Dec 04
SALM: Future Harvest Volumes Will Shape Mixed Views On Earnings Resilience
Analysts have lifted their price target on SalMar to NOK 570 from NOK 510, reflecting a modestly more constructive view on the shares despite mixed rating actions across the Street. Analyst Commentary Street views on SalMar remain divided, with recent target and rating changes underscoring differing expectations for the company’s execution and valuation trajectory.Narrative Update • Nov 20
SALM: Future Harvest Volumes Will Drive Reassessment Of Profit Margin Direction
SalMar's analyst fair value price target has increased by NOK 12.50 to NOK 605.00. Analysts cite improved profit margin projections and recently raised targets from several banks as key drivers for the update.Analysis Article • Nov 14
SalMar's (OB:SALM) Anemic Earnings Might Be Worse Than You Think
SalMar ASA's ( OB:SALM ) recent weak earnings report didn't cause a big stock movement. We think that investors are...Narrative Update • Nov 05
SALM: Fair Value Outlook Will Balance Sector Downgrades And Profit Margin Optimism
SalMar's fair value estimate has been increased by analysts from NOK 570 to NOK 592.5. This change reflects their recognition of improved revenue growth and profit margin projections, despite recent cautious sector views. Analyst Commentary Recent analyst updates for SalMar reflect a mix of optimism regarding the company’s execution and growth prospects, as well as caution due to sector and valuation concerns.Narrative Update • Oct 22
Analysts Lift SalMar Price Target on Improved Outlook Despite Sector Challenges
Analysts have raised their price target for SalMar from NOK 552.86 to NOK 570.00, citing slightly improved growth and profitability expectations. This comes despite recent sector downgrades.Narrative Update • Oct 08
Integration With Wilsgård AS Will Expand Presence In Northern Norway
SalMar's analyst price target has been raised from NOK 535.71 to NOK 552.86, as analysts cite recent valuation reviews and evolving market conditions in their updated outlook. Analyst Commentary Analysts have provided a balanced view on SalMar's outlook in light of recent ratings adjustments and price target revisions.Narrative Update • Sep 24
Integration With Wilsgård AS Will Expand Presence In Northern Norway
SalMar’s top valuation and profitability metrics were virtually unchanged, with only marginal adjustments in Future P/E and Net Profit Margin, resulting in a slight analyst price target increase from NOK527.14 to NOK535.71. What's in the News SalMar commenced a share repurchase program authorizing buybacks of up to 13,375,557 shares (10% of issued share capital), with a separate initiative to repurchase up to 100,000 shares for NOK 65 million to support employee incentive programs.Narrative Update • Sep 04
Integration With Wilsgård AS Will Expand Presence In Northern Norway
SalMar’s valuation outlook remains steady, with both the forward P/E and consensus revenue growth forecasts showing minimal change, resulting in the analyst price target holding firm at NOK527.14. What's in the News SalMar launched a share repurchase program to buy back up to 13.4 million shares (10% of capital) by June 2026, with an additional program to repurchase up to 100,000 shares for NOK 65 million by end-September 2025 to facilitate employee share-based incentives.Analysis Article • Aug 24
SalMar ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
SalMar ASA ( OB:SALM ) just released its quarterly report and things are looking bullish. It was overall a positive...Analysis Article • Jul 14
Why We're Not Concerned About SalMar ASA's (OB:SALM) Share Price
When close to half the companies in Norway have price-to-earnings ratios (or "P/E's") below 12x, you may consider...Analysis Article • Jun 17
SalMar's (OB:SALM) Dividend Will Be Reduced To NOK22.00
SalMar ASA ( OB:SALM ) is reducing its dividend from last year's comparable payment to NOK22.00 on the 2nd of July. The...
New Narrative • Nov 30
Decisive Acquisitions And Offshore Innovations Set The Stage For Robust Growth In 2025
Strategic acquisitions and focus on offshore farming technology aim to optimize operations, enhance value creation, and improve revenue and earnings.Shareholder Returns
| SALM | NO Food | NO Market | |
|---|---|---|---|
| 7D | 0.7% | -2.0% | 0.06% |
| 1Y | 18.4% | -4.5% | 16.0% |
Return vs Industry: SALM exceeded the Norwegian Food industry which returned -4.5% over the past year.
Return vs Market: SALM exceeded the Norwegian Market which returned 16% over the past year.
Price Volatility
| SALM volatility | |
|---|---|
| SALM Average Weekly Movement | 4.2% |
| Food Industry Average Movement | 5.8% |
| Market Average Movement | 5.5% |
| 10% most volatile stocks in NO Market | 11.3% |
| 10% least volatile stocks in NO Market | 3.1% |
Stable Share Price: SALM has not had significant price volatility in the past 3 months compared to the Norwegian market.
Volatility Over Time: SALM's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1991 | 3,320 | Frode Arntsen | www.salmar.no |
SalMar ASA, an aquaculture company, produces and sells farmed salmon in Norway, Asia, Europe, North America, and internationally. The company operates through Fish Farming Central Norway, Fish Farming Northern Norway, Icelandic Salmon, Sales & Industry, and SalMar Aker Ocean segments. It also engages in the broodstock, marine-phase farming, harvesting, processing, and smolt production activities.
SalMar ASA Fundamentals Summary
| SALM fundamental statistics | |
|---|---|
| Market cap | NOK 72.92b |
| Earnings (TTM) | NOK 2.03b |
| Revenue (TTM) | NOK 28.63b |
35.9x
P/E Ratio2.5x
P/S RatioIs SALM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SALM income statement (TTM) | |
|---|---|
| Revenue | NOK 28.63b |
| Cost of Revenue | NOK 15.22b |
| Gross Profit | NOK 13.41b |
| Other Expenses | NOK 11.38b |
| Earnings | NOK 2.03b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 25, 2026
| Earnings per share (EPS) | 14.97 |
| Gross Margin | 46.84% |
| Net Profit Margin | 7.09% |
| Debt/Equity Ratio | 100.3% |
How did SALM perform over the long term?
See historical performance and comparisonDividends
1.9%
Current Dividend Yield67%
Payout RatioDoes SALM pay a reliable dividends?
See SALM dividend history and benchmarks| SalMar dividend dates | |
|---|---|
| Ex Dividend Date | Jun 23 2026 |
| Dividend Pay Date | Jul 06 2026 |
| Days until Ex dividend | 10 days |
| Days until Dividend pay date | 23 days |
Does SALM pay a reliable dividends?
See SALM dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/12 23:28 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
SalMar ASA is covered by 15 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Alexander Sloane | Barclays |
| Setu Sharda | Barclays |