SalMar stock
SALM.OLOSLSalMar ASA, Consumer DefensiveISIN NO0010310956
67Score 67 out of 100, Neutral
Price and trend
83 / 100
Price history
+0.3% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 6.4% above it.
Since October 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 51).
The price is 5.9% below its 52-week high. Largest decline in 20 years: 62% (April 2011 to December 2011).
Chart figures for advanced users
- SMA 50$59.62
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$57.69
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)51
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$47.42
- The lowest closing price of the last twelve months.
- Resistance$65.20
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- SalMar ASA belongs to the Agricultural Farm Products industry (Norway) and, with a market value of $8.31B, is number 8 of 24 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $2.87B (up 3.7% year on year) and earnings of $115.84M (down 62.8%).
- For fiscal 2026, analysts expect on average revenue of $3.28B (up 14.4%) and adjusted earnings per share of $2.71 (up 111.2%).
Show more
- MEQIRI Score 67 out of 100 (Neutral): rank 106 of 295 in Consumer Defensive, median 62.
- The P/E is 24.2 (Agricultural Farm Products median 16.6, own median of recent years 21.8).
- Our model puts fair value at $96.55, with the price 36% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Analysts expect strong earnings growthUp 26.4% a year through 2028 (estimates from 10 analysts).Growth 66
- Below fair valuePrice 36% below the fair value of $96.55.Valuation 78
- Earnings turn into cashFree cash flow 170% of earnings over the last 12 months.Fundamentals 86
Weaknesses
- Margin fallingOperating margin 12%, average of the prior years 21.9% (to 2024).Profitability 63
- DilutionShare count up 18% since 2020.Capital allocation 40
- Earnings per share fallingDown 14% a year since 2020.Growth 66
Its standout strengths are fundamentals and technical analysis, while capital allocation holds the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk low
How well MEQIRI warnsOne of the 30% with the lowest crash risk among smaller stocks.
From 2016 to 2025, 14 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What lowers it
- solid fundamentals
Valuation
Valuation signal
Significantly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $68.97 and expensive above $160.92 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $150.96 (cash-flow model) and $42.15 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.5%. At 9.5% the fair value would be $82.46, at 7.5% it would be $117.83.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (16.6).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 14.6% on the twelve months before. Revenue has grown strongly since 2006, at around 18% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 47%, operating 12%, net 4%. Last 12 months: net 11%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 16 Feb 2027in 96 days
- Last reported
- 3 Nov 2026EPS reported $0.65 (expected $0.68)below expectations
Analyst estimates
Analysts have cut their 2026 earnings estimate by 3.4% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- $2.71−3.4%
- Revenue
- $3.28B−1.9%
- Earnings per share
- $3.95−1.0%
- Revenue
- $3.79B−1.2%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: +9.1%2026 volume guidance raised by another 20,000 tons, total harvest now 350,000 tons (up 16% from 2025); lower costs expected in the third quarter.
“We now expect total harvest volume in 2026 at 350,000 tons, representing an increase of 49,000 tons or 16% compared with 2025. At the same time, we are seeing lower cost per kilogram and expect a reduction in cost during the third quarter.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 25 Aug 2026 (fiscal Q2 2026), read by AI.
What happened at SalMar
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
295 rated companies in Consumer Defensive
- This company
- 67
- Sector median
- 62
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Agricultural Farm Products
The next larger and next smaller companies by market value
- Tyson FoodsTSN $21.06B51
- Bunge GlobalBG $19.27B43
- Wens Foodstuff Group300498.SZ $16.55B41
- MowiMOWI.OL $12.56B71
- L.d.c. S.a.LOUP.PA $4.27B71
- Cal-Maine FoodsCALM $3.12B50
- Lerøy Seafood GroupLSG.OL $2.79B63
- Austevoll SeafoodAUSS.OL $1.91B62
ETFs that hold SalMar
Held by 106 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE)EXH3 | 0.83% | 0.46% | €353.84M |
| iShares STOXX Europe Small 200 UCITS ETF (DE)EXSE | 0.58% | 0.20% | €632.25M |
| iShares MSCI Europe Mid-Cap Equal Weight UCITS ETFCEMT | 0.44% | 0.25% | €36.18M |
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| State Street SPDR MSCI Europe Consumer Staples UCITS ETFSPYC | 0.33% | 0.18% | €204.68M |
| iShares MSCI Europe Consumer Staples Sector UCITS ETFESIS | 0.33% | 0.18% | €293.33M |
| Xtrackers MSCI Europe Consumer Staples Screened UCITS ETF 1CDXSK | 0.33% | 0.17% | €53.55M |
| Amundi MSCI Nordic UCITS ETF-CCN1G | 0.28% | 0.25% | €370.74M |
| Ossiam STOXX Europe 600 Equal Weight NR UCITS ETFOSX6 | 0.21% | 0.30% | €215.59M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = NOK 9.5394)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 3 Jul 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.