SalMar ASA
OSE:SALM

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SalMar ASA
OSE:SALM
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Price: 608 NOK 0.75% Market Closed
Market Cap: 82.3B NOK
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+47%
5Y
+108%
10Y
+271%
Operating Income
+
3Y
-54%
5Y
-33%
10Y
+69%
Net Income
+
3Y
-70%
5Y
-55%
10Y
+16%

Earnings Waterfall
SalMar ASA

Revenue
27.1B NOK
Cost of Revenue
-14.6B NOK
Gross Profit
12.5B NOK
Operating Expenses
-10.1B NOK
Operating Income
2.4B NOK
Other Expenses
-1.2B NOK
Net Income
1.2B NOK

Income Statement
SalMar ASA

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Income Statement
Currency: NOK
Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
29
0
0
0
47
0
0
0
72
0
0
0
32
0
0
0
50
0
0
0
99
0
0
0
169
0
0
0
168
0
0
0
124
0
0
0
99
0
0
0
106
0
0
0
107
0
0
0
116
13
26
39
170
60
61
63
150
57
57
56
185
98
136
193
364
410
644
921
1 223
1 251
1 214
1 187
1 258
0
0
0
Revenue
1 249
N/A
1 471
+18%
1 508
+2%
1 661
+10%
1 678
+1%
1 602
-5%
1 678
+5%
1 611
-4%
1 714
+6%
1 842
+7%
1 883
+2%
2 177
+16%
2 377
+9%
2 519
+6%
2 722
+8%
3 036
+12%
3 429
+13%
3 816
+11%
3 839
+1%
3 913
+2%
3 829
-2%
3 638
-5%
3 799
+4%
3 949
+4%
4 205
+6%
4 672
+11%
5 262
+13%
5 730
+9%
6 246
+9%
6 595
+6%
6 907
+5%
7 018
+2%
7 186
+2%
7 175
0%
7 229
+1%
7 300
+1%
7 326
+0%
7 714
+5%
8 203
+6%
8 589
+5%
9 030
+5%
9 457
+5%
10 098
+7%
10 513
+4%
10 817
+3%
10 918
+1%
10 932
+0%
11 022
+1%
11 343
+3%
11 775
+4%
12 127
+3%
12 152
+0%
12 238
+1%
12 900
+5%
12 911
+0%
13 050
+1%
12 912
-1%
12 471
-3%
12 331
-1%
13 420
+9%
15 044
+12%
16 542
+10%
17 546
+6%
18 425
+5%
20 158
+9%
22 268
+10%
23 991
+8%
26 605
+11%
28 219
+6%
27 982
-1%
27 925
0%
26 571
-5%
26 426
-1%
25 065
-5%
25 402
+1%
27 094
+7%
Gross Profit
Cost of Revenue
(512)
(596)
(622)
(745)
(789)
(777)
(855)
(795)
(818)
(930)
(922)
(1 032)
(1 137)
(1 175)
(1 292)
(1 482)
(1 497)
(1 693)
(1 689)
(1 785)
(1 977)
(1 955)
(2 055)
(2 195)
(2 325)
(2 510)
(2 749)
(2 859)
(3 051)
(3 076)
(3 168)
(3 188)
(3 175)
(3 243)
(3 384)
(3 472)
(3 563)
(3 686)
(3 706)
(3 797)
(4 001)
(4 235)
(4 547)
(4 680)
(4 722)
(4 695)
(4 743)
(4 592)
(4 585)
(4 864)
(5 035)
(5 357)
(5 770)
(6 039)
(5 968)
(5 968)
(5 871)
(5 755)
(5 728)
(6 508)
(7 328)
(7 892)
(8 252)
(8 364)
(9 599)
(10 751)
(11 414)
(12 646)
(12 880)
(12 849)
(12 907)
(12 496)
(12 638)
(11 896)
(12 787)
(14 570)
Gross Profit
737
N/A
875
+19%
886
+1%
916
+3%
889
-3%
826
-7%
823
0%
816
-1%
896
+10%
912
+2%
962
+5%
1 145
+19%
1 240
+8%
1 344
+8%
1 430
+6%
1 554
+9%
1 932
+24%
2 123
+10%
2 150
+1%
2 129
-1%
1 852
-13%
1 683
-9%
1 745
+4%
1 754
+1%
1 880
+7%
2 163
+15%
2 513
+16%
2 871
+14%
3 195
+11%
3 519
+10%
3 739
+6%
3 830
+2%
4 011
+5%
3 932
-2%
3 846
-2%
3 827
0%
3 763
-2%
4 028
+7%
4 497
+12%
4 791
+7%
5 029
+5%
5 222
+4%
5 551
+6%
5 833
+5%
6 095
+4%
6 223
+2%
6 189
-1%
6 430
+4%
6 757
+5%
6 911
+2%
7 092
+3%
6 795
-4%
6 468
-5%
6 861
+6%
6 943
+1%
7 082
+2%
7 042
-1%
6 715
-5%
6 603
-2%
6 912
+5%
7 716
+12%
8 650
+12%
9 294
+7%
10 061
+8%
10 559
+5%
11 517
+9%
12 577
+9%
13 959
+11%
15 338
+10%
15 132
-1%
15 017
-1%
14 074
-6%
13 788
-2%
13 169
-4%
12 615
-4%
12 524
-1%
Operating Income
Operating Expenses
(217)
(392)
(685)
(497)
(365)
(519)
(440)
(549)
(583)
(514)
(317)
(486)
(648)
(441)
(631)
(568)
(744)
(1 029)
(1 452)
(1 620)
(1 583)
(1 607)
(1 349)
(1 336)
(1 248)
(1 335)
(1 404)
(1 583)
(1 402)
(1 724)
(2 071)
(1 782)
(2 361)
(2 282)
(2 243)
(2 395)
(2 305)
(2 151)
(2 387)
(2 407)
(1 943)
(2 382)
(2 524)
(2 284)
(3 299)
(3 059)
(2 818)
(3 136)
(2 450)
(2 831)
(2 751)
(3 288)
(3 431)
(3 875)
(3 542)
(3 462)
(4 183)
(3 561)
(3 990)
(3 924)
(4 261)
(4 770)
(3 993)
(4 809)
(5 784)
(5 632)
(7 057)
(6 691)
(8 386)
(7 974)
(8 299)
(8 721)
(8 419)
(9 331)
(9 908)
(10 104)
Selling, General & Administrative
(132)
(148)
(172)
(194)
(218)
(230)
(232)
(238)
(240)
(238)
(242)
(256)
(266)
(277)
(276)
(287)
(313)
(327)
(347)
(379)
(392)
(417)
(453)
(460)
(483)
(509)
(538)
(581)
(759)
(661)
(711)
(702)
(710)
(719)
(719)
(759)
(766)
(782)
(803)
(824)
(862)
(898)
(925)
(926)
(929)
(939)
(966)
(1 003)
(1 040)
(1 087)
(1 123)
(1 156)
(1 202)
(1 239)
(1 273)
(1 279)
(1 320)
(1 370)
(1 430)
(1 513)
(1 611)
(1 676)
(1 740)
(1 798)
(1 979)
(2 197)
(2 359)
(2 556)
(2 662)
(2 726)
(2 841)
(2 914)
(3 025)
(3 086)
(3 221)
(3 335)
Research & Development
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(3)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation & Amortization
(38)
(43)
(47)
(47)
(51)
(49)
(53)
(55)
(55)
(59)
(61)
(69)
(67)
(82)
(86)
(91)
(94)
(106)
(116)
(124)
(132)
(142)
(154)
(160)
(170)
(178)
(183)
(200)
(221)
(243)
(260)
(266)
(276)
(280)
(292)
(304)
(307)
(318)
(330)
(344)
(358)
(367)
(380)
(392)
(415)
(442)
(462)
(483)
(488)
(530)
(573)
(635)
(717)
(739)
(769)
(784)
(781)
(820)
(826)
(826)
(803)
(843)
(873)
(911)
(1 001)
(1 152)
(1 265)
(1 381)
(1 419)
(1 483)
(1 550)
(1 618)
(1 691)
(1 734)
(1 794)
(1 856)
Other Operating Expenses
(47)
(201)
(466)
(257)
(97)
(240)
(156)
(256)
(287)
(217)
(14)
(160)
(317)
(83)
(269)
(189)
(336)
(596)
(989)
(1 118)
(1 059)
(1 048)
(743)
(716)
(592)
(648)
(683)
(801)
(422)
(820)
(1 100)
(814)
(1 375)
(1 283)
(1 232)
(1 332)
(1 232)
(1 051)
(1 254)
(1 239)
(724)
(1 117)
(1 219)
(966)
(1 955)
(1 679)
(1 390)
(1 650)
(922)
(1 214)
(1 054)
(1 497)
(1 512)
(1 896)
(1 500)
(1 399)
(2 082)
(1 371)
(1 734)
(1 584)
(1 847)
(2 251)
(1 380)
(2 100)
(2 804)
(2 283)
(3 433)
(2 754)
(4 304)
(3 765)
(3 908)
(4 189)
(3 703)
(4 511)
(4 893)
(4 913)
Operating Income
520
N/A
483
-7%
202
-58%
419
+108%
524
+25%
307
-41%
383
+25%
267
-30%
313
+17%
398
+27%
644
+62%
659
+2%
592
-10%
904
+53%
799
-12%
987
+23%
1 189
+21%
1 094
-8%
698
-36%
509
-27%
269
-47%
76
-72%
395
+422%
418
+6%
632
+51%
827
+31%
1 109
+34%
1 289
+16%
1 792
+39%
1 795
+0%
1 669
-7%
2 048
+23%
1 649
-19%
1 649
+0%
1 602
-3%
1 432
-11%
1 458
+2%
1 877
+29%
2 110
+12%
2 385
+13%
3 086
+29%
2 840
-8%
3 028
+7%
3 549
+17%
2 796
-21%
3 163
+13%
3 371
+7%
3 295
-2%
4 307
+31%
4 080
-5%
4 342
+6%
3 507
-19%
3 036
-13%
2 986
-2%
3 401
+14%
3 619
+6%
2 859
-21%
3 154
+10%
2 613
-17%
2 988
+14%
3 455
+16%
3 880
+12%
5 301
+37%
5 252
-1%
4 775
-9%
5 885
+23%
5 520
-6%
7 268
+32%
6 952
-4%
7 158
+3%
6 718
-6%
5 353
-20%
5 369
+0%
3 838
-29%
2 707
-29%
2 420
-11%
Pre-Tax Income
Interest Income Expense
63
100
64
55
(11)
18
11
13
(56)
25
47
48
25
83
84
91
103
152
130
148
4
(23)
(32)
(92)
(53)
13
259
354
0
372
124
32
(19)
(35)
(45)
(41)
(55)
(16)
13
75
186
211
254
222
113
90
89
86
148
129
113
57
(39)
8
(37)
48
(97)
57
99
55
(75)
51
87
(17)
(269)
(553)
(985)
(1 229)
(1 171)
(1 215)
(1 048)
(1 027)
(1 126)
(1 242)
(1 370)
(1 421)
Non-Reccuring Items
(9)
0
0
0
(18)
0
0
0
(9)
0
0
0
(12)
0
0
0
(35)
(10)
(10)
(10)
(81)
(38)
(45)
(48)
7
(25)
178
182
157
157
0
0
(2)
(2)
0
0
(14)
0
0
0
0
0
0
0
(4)
0
0
0
0
0
0
0
(2)
0
0
0
(31)
0
0
0
(4)
0
0
0
(37)
0
0
0
1 538
0
0
(108)
(56)
27
16
108
Total Other Income
3
(30)
(45)
(53)
(14)
(61)
(61)
(53)
(13)
(73)
(54)
(41)
29
(10)
(29)
(58)
4
(28)
(34)
(61)
(32)
(76)
(49)
(0)
23
0
0
0
373
1
0
(1)
1
2
1
3
(5)
7
16
41
71
60
20
9
(49)
(32)
10
1
(2)
182
120
70
163
(292)
(237)
(281)
(159)
(97)
(133)
(74)
11
(94)
(48)
43
93
77
93
43
(40)
72
59
46
14
14
(6)
184
Pre-Tax Income
577
N/A
552
-4%
221
-60%
421
+91%
481
+14%
265
-45%
332
+26%
227
-32%
235
+3%
351
+49%
638
+82%
666
+4%
634
-5%
977
+54%
854
-13%
1 019
+19%
1 261
+24%
1 207
-4%
784
-35%
585
-25%
160
-73%
(62)
N/A
270
N/A
278
+3%
609
+119%
815
+34%
1 546
+90%
1 825
+18%
2 322
+27%
2 324
+0%
1 793
-23%
2 080
+16%
1 629
-22%
1 614
-1%
1 558
-3%
1 394
-11%
1 384
-1%
1 869
+35%
2 139
+14%
2 501
+17%
3 342
+34%
3 110
-7%
3 301
+6%
3 780
+15%
2 856
-24%
3 221
+13%
3 471
+8%
3 381
-3%
4 453
+32%
4 391
-1%
4 576
+4%
3 633
-21%
3 158
-13%
2 702
-14%
3 127
+16%
3 386
+8%
2 572
-24%
3 114
+21%
2 580
-17%
2 970
+15%
3 387
+14%
3 837
+13%
5 340
+39%
5 278
-1%
4 562
-14%
5 409
+19%
4 628
-14%
6 082
+31%
7 279
+20%
6 015
-17%
5 729
-5%
4 264
-26%
4 201
-1%
2 637
-37%
1 347
-49%
1 291
-4%
Net Income
Tax Provision
(132)
(118)
(41)
(99)
(129)
(78)
(93)
(63)
(66)
(95)
(169)
(177)
(163)
(252)
(217)
(261)
(303)
(286)
(174)
(113)
(13)
61
(25)
(47)
(127)
(196)
(275)
(315)
(419)
(419)
(395)
(493)
(413)
(417)
(408)
(362)
(255)
(353)
(409)
(480)
(691)
(621)
(650)
(766)
(558)
(645)
(695)
(659)
(873)
(821)
(852)
(653)
(614)
(566)
(673)
(707)
(563)
(671)
(550)
(647)
(719)
(805)
(1 116)
(1 096)
(954)
(1 159)
(3 331)
(4 773)
(4 534)
(4 119)
(1 994)
(950)
(1 096)
(760)
(223)
(95)
Income from Continuing Operations
445
434
180
322
352
187
239
164
169
256
468
489
471
725
637
758
958
921
610
472
147
(1)
244
231
481
619
1 271
1 510
1 903
1 905
1 398
1 586
1 215
1 197
1 150
1 032
1 129
1 515
1 730
2 021
2 651
2 490
2 651
3 013
2 298
2 576
2 776
2 722
3 579
3 570
3 724
2 980
2 544
2 136
2 454
2 680
2 008
2 443
2 030
2 323
2 668
3 032
4 224
4 182
3 608
4 250
1 297
1 309
2 746
1 897
3 736
3 315
3 105
1 877
1 124
1 196
Income to Minority Interest
0
(0)
(0)
(0)
0
0
0
(0)
0
(0)
(0)
(0)
0
0
0
(7)
(11)
(17)
(22)
(16)
(3)
0
2
2
(14)
(16)
(74)
(74)
(113)
(123)
(66)
(69)
(23)
(8)
(13)
(18)
(26)
(41)
(25)
(1)
(14)
(8)
(19)
(43)
(24)
(23)
(17)
(22)
(11)
4
(18)
7
(56)
37
2
(56)
(29)
(152)
(120)
(95)
(51)
(49)
(204)
(291)
(403)
(501)
(390)
(351)
(199)
(154)
(130)
(34)
(136)
(55)
37
(15)
Net Income (Common)
445
N/A
434
-2%
180
-58%
322
+79%
352
+9%
187
-47%
239
+28%
164
-32%
169
+3%
256
+51%
468
+83%
489
+5%
471
-4%
725
+54%
638
-12%
752
+18%
947
+26%
904
-5%
588
-35%
456
-22%
145
-68%
(1)
N/A
247
N/A
233
-6%
467
+100%
603
+29%
1 197
+98%
1 436
+20%
1 790
+25%
1 782
0%
1 332
-25%
1 517
+14%
1 193
-21%
1 189
0%
1 137
-4%
1 014
-11%
1 103
+9%
1 474
+34%
1 704
+16%
2 020
+19%
2 637
+31%
2 482
-6%
2 631
+6%
2 970
+13%
2 274
-23%
2 553
+12%
2 759
+8%
2 700
-2%
3 568
+32%
3 574
+0%
3 706
+4%
2 987
-19%
2 488
-17%
2 173
-13%
2 456
+13%
2 623
+7%
1 979
-25%
2 291
+16%
1 911
-17%
2 229
+17%
2 617
+17%
2 982
+14%
4 019
+35%
3 890
-3%
3 312
-15%
3 965
+20%
1 284
-68%
1 720
+34%
3 203
+86%
2 290
-29%
3 992
+74%
3 282
-18%
2 969
-10%
1 822
-39%
1 160
-36%
1 180
+2%
EPS (Diluted)
4.45
N/A
4.35
-2%
1.74
-60%
3.13
+80%
3.45
+10%
1.83
-47%
2.34
+28%
1.6
-32%
1.64
+2%
2.48
+51%
4.54
+83%
4.75
+5%
4.58
-4%
7.04
+54%
6.19
-12%
7.3
+18%
9.19
+26%
8.88
-3%
5.78
-35%
4.48
-22%
1.41
-69%
-0.01
N/A
2.17
N/A
2.06
-5%
4.16
+102%
5.33
+28%
10.57
+98%
12.68
+20%
15.84
+25%
15.73
-1%
11.63
-26%
13.39
+15%
10.53
-21%
10.49
0%
10.03
-4%
8.95
-11%
9.83
+10%
13.01
+32%
15.04
+16%
17.94
+19%
23.43
+31%
22.09
-6%
23.38
+6%
26.35
+13%
20.18
-23%
22.66
+12%
24.43
+8%
23.93
-2%
31.6
+32%
31.67
+0%
32.81
+4%
26.36
-20%
22.03
-16%
19.2
-13%
21.72
+13%
23.2
+7%
17.49
-25%
20.22
+16%
16.64
-18%
18.91
+14%
22.57
+19%
25.29
+12%
34.09
+35%
32.99
-3%
27.6
-16%
30.18
+9%
9.73
-68%
13.13
+35%
24.33
+85%
17.29
-29%
30.24
+75%
25.33
-16%
22.49
-11%
13.85
-38%
8.87
-36%
8.9
+0%

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
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