SalMar ASA (SALM.OL) stock analysis
In our weekly check, SalMar ASA is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 7, red flags: 3.
About SalMar ASA
SalMar ASA is a Consumer Defensive company (Agricultural Farm Products) based in Norway, listed on OSL as SALM.OL.
What our checks show for SALM.OL
Red flags
- The net margin fell by 10.1 points over 5 years, to 7.3%: the company keeps less of each sale as profit.
- The gross margin fell by 30.4 points, to 26.4%: costs are rising faster than prices.
- The stock has fallen as much as 62% from a peak. Would you have held through that?
Warning signs
- Net debt is 2.7x a year of EBITDA (debt/equity 1.25). That limits room in a downturn and raises refinancing risk.
- Operating profit covers interest only 3.6 times: a weak year could make the payments hard.
- Earnings per share fell 16.2% a year over the last 3 years.
- Net profit fell 12.7% a year over the last 3 years.
- The net margin is only 7.3%: little room if costs rise.
- Recovering from its deepest fall took about 1.8 years.
- Thinly traded (about 183 thousand shares a day): buying and selling can move the price.
Strengths
- Operating cash flow is 2.87x net profit: the profit arrives as real cash.
- Analysts expect earnings per share to grow about 49.2% a year over the next years.
- Analysts expect the net margin to improve by 7.6 points from today's 7.3%.
- Free cash flow is 15.4% of revenue: cash for dividends, buybacks or growth.
- The dividend takes 0% of profit: there is a cushion.
- Beta 0.66: the stock usually moves less than the market.
Next earnings report: 2026-11-03
Similar companies
MOWI.OL · ADM · 002714.SZ · TSN · F34.SI · BG
Questions
What grade does SalMar ASA (SALM.OL) have?
In our weekly check, SalMar ASA is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 7, red flags: 3. The grade is a risk check, not a buy or sell recommendation.
What are the main risks of SALM.OL stock?
This week's biggest flags for SalMar ASA: Margins falling, Gross margin falling, Deep past fall. In total 10 of 25 checks show a warning or a red flag.
What does SalMar ASA do?
SalMar ASA is a Consumer Defensive company (Agricultural Farm Products) based in Norway, listed on OSL as SALM.OL.
When does SalMar ASA report earnings next?
The next earnings report is expected on 2026-11-03. We re-run the checks every week, so the grade can change after it.
The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.
Updated 2026-10-31
Open the full analysis