SalMar ASA
OSE:SALM

Watchlist Manager
SalMar ASA Logo
SalMar ASA
OSE:SALM
Watchlist
Price: 536 NOK -0.46% Market Closed
Market Cap: 70.8B NOK
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one SALM stock under the Base Case scenario is 840.12 NOK. Compared to the current market price of 536 NOK, SalMar ASA is Undervalued by 36%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SALM Relative Value
Base Case
840.12 NOK
Undervaluation 36%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.7
P/S
P/S
Price to Sales
2.7
vs History
74
vs Industry
16
Median 3Y
2.8
Median 5Y
3.3
Industry
0.9
Forward
2.1
More Details
23.8
P/E
P/E
Price to Earnings
23.8
vs History
46
vs Industry
16
Median 3Y
23.9
Median 5Y
23.9
Industry
15.8
Forward
13.7
More Details
13.1
P/OCF
P/OCF
Price to OCF
13.1
vs History
47
vs Industry
39
Median 3Y
11.8
Median 5Y
13.3
Industry
9.8
More Details
13.2
P/FCFE
P/FCFE
Price to FCFE
13.2
vs History
52
vs Industry
30
Median 3Y
13.3
Median 5Y
13.9
Industry
17.4
More Details
3.9
P/B
P/B
Price to Book Value
3.9
vs History
69
vs Industry
13
Median 3Y
4.1
Median 5Y
4.4
Industry
1.5
More Details
3.3
EV/S
EV/S
Enterprise Value to Sales
3.3
vs History
71
vs Industry
15
Median 3Y
3.5
Median 5Y
3.7
Industry
1.1
Forward
2.6
More Details
6.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
6.3
vs History
69
vs Industry
36
Median 3Y
6.6
Median 5Y
7
Industry
4.7
More Details
12.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
12.4
vs History
46
vs Industry
36
Median 3Y
12.2
Median 5Y
12.6
Industry
9.9
Forward
8.4
More Details
16.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
16.6
vs History
31
vs Industry
38
Median 3Y
14.8
Median 5Y
15.9
Industry
12.7
Forward
9.5
More Details
16.2
EV/OCF
EV/OCF
Enterprise Value to OCF
16.2
vs History
36
vs Industry
36
Median 3Y
14.7
Median 5Y
15.5
Industry
10.8
More Details
30.4
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
30.4
vs History
25
vs Industry
31
Median 3Y
18.6
Median 5Y
18.6
Industry
15
More Details
1.7
EV/IC
EV/IC
Enterprise Value to IC
1.7
vs History
73
vs Industry
24
Median 3Y
1.8
Median 5Y
2.3
Industry
1.1
More Details

Multiples Across Competitors

SALM Competitors Multiples
SalMar ASA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
NO
SalMar ASA
OSE:SALM
70.7B NOK 2.7 23.8 12.4 16.6
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 23 895.9 540 752.8 186 542.5 318 284.3
CH
Nestle SA
SIX:NESN
235.9B CHF 2.6 21.7 14.6 17.9
US
Mondelez International Inc
NASDAQ:MDLZ
85B USD 2.3 18.4 12.4 14.8
FR
Danone SA
PAR:BN
46.3B EUR 1.7 22.9 11 14.6
ZA
Tiger Brands Ltd
JSE:TBS
41.1B Zac 0 0 0 0
US
Kraft Heinz Co
NASDAQ:KHC
35.3B USD 1.4 12.9 8.4 9.9
US
Hershey Co
NYSE:HSY
33.8B USD 3 15.2 11.1 12.8
US
General Mills Inc
NYSE:GIS
32.4B USD 1.6 12.4 10.1 11.6
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
222.3B CNY 8.4 36.4 30.7 30.7
ZA
Avi Ltd
JSE:AVI
30B Zac 0 0 0 0
P/S Multiple
Revenue Growth P/S to Growth
NO
SalMar ASA
OSE:SALM
Average P/S: 2 657.7
2.7
14%
0.2
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
23 895.9
N/A N/A
CH
Nestle SA
SIX:NESN
2.6
4%
0.6
US
Mondelez International Inc
NASDAQ:MDLZ
2.3
4%
0.6
FR
Danone SA
PAR:BN
1.7
5%
0.3
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
6%
N/A
US
Kraft Heinz Co
NASDAQ:KHC
1.4
0%
N/A
US
Hershey Co
NYSE:HSY
3
3%
1
US
General Mills Inc
NYSE:GIS
1.6
0%
N/A
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
8.4
11%
0.8
ZA
A
Avi Ltd
JSE:AVI
Not Available
7%
N/A
P/E Multiple
Earnings Growth PEG
NO
SalMar ASA
OSE:SALM
Average P/E: 60 101.8
23.8
36%
0.7
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
540 752.8
N/A N/A
CH
Nestle SA
SIX:NESN
21.7
9%
2.4
US
Mondelez International Inc
NASDAQ:MDLZ
18.4
0%
N/A
FR
Danone SA
PAR:BN
22.9
13%
1.8
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
14%
N/A
US
Kraft Heinz Co
NASDAQ:KHC
12.9
9%
1.4
US
Hershey Co
NYSE:HSY
15.2
-12%
N/A
US
General Mills Inc
NYSE:GIS
12.4
2%
6.2
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
36.4
12%
3
ZA
A
Avi Ltd
JSE:AVI
Not Available
9%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NO
SalMar ASA
OSE:SALM
Average EV/EBITDA: 20 739.3
12.4
N/A N/A
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
186 542.5
N/A N/A
CH
Nestle SA
SIX:NESN
14.6
4%
3.6
US
Mondelez International Inc
NASDAQ:MDLZ
12.4
-1%
N/A
FR
Danone SA
PAR:BN
11
6%
1.8
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
23%
N/A
US
Kraft Heinz Co
NASDAQ:KHC
8.4
0%
N/A
US
Hershey Co
NYSE:HSY
11.1
-8%
N/A
US
General Mills Inc
NYSE:GIS
10.1
-1%
N/A
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
30.7
18%
1.7
ZA
A
Avi Ltd
JSE:AVI
Not Available
7%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NO
SalMar ASA
OSE:SALM
Average EV/EBIT: 35 379.3
16.6
29%
0.6
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
318 284.3
N/A N/A
CH
Nestle SA
SIX:NESN
17.9
3%
6
US
Mondelez International Inc
NASDAQ:MDLZ
14.8
-2%
N/A
FR
Danone SA
PAR:BN
14.6
7%
2.1
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
15%
N/A
US
Kraft Heinz Co
NASDAQ:KHC
9.9
0%
N/A
US
Hershey Co
NYSE:HSY
12.8
-10%
N/A
US
General Mills Inc
NYSE:GIS
11.6
-1%
N/A
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
30.7
14%
2.2
ZA
A
Avi Ltd
JSE:AVI
Not Available
7%
N/A

See Also

Summary
SALM intrinsic value, competitors valuation, and company profile.
DCF Valuation
SALM stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SALM stock valuation using valuation multiples.
Wall Street Estimates
SALM price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SALM stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 240,300+ value investors using Alpha Spread
Create a free account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.