SalMar ASA
Research SalMar ASA (SALM) on Bullrun: valuation model: 10.5% overvalued, market cap NOK 78.41B, P/E 35.4, dividend yield 1.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerSALM
- ExchangeOL
- CountryNorway
- SectorConsumer Defensive
- IndustryFarm Products
- CurrencyNOK
- Valuation signal10.5% overvalued
- Market capNOK 78.41B
- P/E35.4
- Dividend yield1.7%
- Financial periodQ1 2026
- RevenueNOK 6.48B
- Net incomeNOK 569.00M
- Free cash flowNOK 935.00M
- Gross margin44.9%
Valuation Snapshot
Bullrun's latest valuation model marks SalMar ASA as 10.5% overvalued; latest market cap is NOK 78.41B; P/E is 35.4; dividend yield is 1.7%.
Peer valuation comparison
Latest P/E is 35.4x versus a Consumer Defensive sector median of 17.41x (103.4% above).
Latest dividend yield is 1.73% versus a Consumer Defensive sector median of 3.04% (43.1% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | NOK 27.38B | NOK 1.11B | n/a | 44.9% | n/a | NOK 560.00M | NOK 23.31B | NOK 17.75B |
| FY2024 | NOK 26.43B | NOK 2.97B | n/a | 51.7% | n/a | NOK 331.00M | NOK 19.01B | NOK 17.93B |
| FY2023 | NOK 28.22B | n/a | n/a | 93.8% | n/a | NOK 785.00M | n/a | n/a |
| FY2022 | NOK 20.16B | NOK 3.31B | n/a | 147.6% | n/a | NOK 2.71B | n/a | n/a |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-29 | NOK 78.41B | 35.4 | 1.8% | 10 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 10 NOK, yield 1.7%.
About SalMar ASA
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. In addition, the company offers fish fillets and related products.
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Frequently asked questions
Is SalMar ASA overvalued or undervalued?
Bullrun's valuation model currently marks SalMar ASA as 10.5% overvalued.
What is SalMar ASA's market cap?
SalMar ASA's market capitalization is NOK 78.41B.
What is SalMar ASA's P/E ratio?
SalMar ASA's price-to-earnings (P/E) ratio is 35.4.
Does SalMar ASA pay a dividend?
SalMar ASA has a dividend yield of 1.7%.
What does SalMar ASA do?
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. In addition, the company offers fish fillets and related products. SalMar ASA was incorporated in 1991 and is headquartered in Kverva, Norway.