SalMar ASA
OSE:SALM

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SalMar ASA
OSE:SALM
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Price: 622 NOK 2.22% Market Closed
Market Cap: 84.2B NOK

Relative Value

The Relative Value of one SALM stock under the Base Case scenario is 870.31 NOK. Compared to the current market price of 622 NOK, SalMar ASA is Undervalued by 29%.

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
870.31 NOK
Undervaluation 29%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
41
vs Industry
16
Median 3Y
2.7
Median 5Y
2.9
Industry
1
Forward
2.9
vs History
0
vs Industry
22
Median 3Y
28
Median 5Y
27.8
Industry
16.1
Forward
43.6
vs History
23
vs Industry
26
Median 3Y
11.9
Median 5Y
14.7
Industry
10
vs History
23
vs Industry
36
Median 3Y
12.5
Median 5Y
13.9
Industry
17.1
vs History
33
vs Industry
12
Median 3Y
3.9
Median 5Y
4.4
Industry
1.5
vs History
39
vs Industry
14
Median 3Y
3.4
Median 5Y
3.6
Industry
1.1
Forward
3.7
vs History
31
vs Industry
33
Median 3Y
6.6
Median 5Y
7
Industry
4.8
vs History
0
vs Industry
30
Median 3Y
12.3
Median 5Y
13.4
Industry
10
Forward
17.8
vs History
0
vs Industry
27
Median 3Y
15
Median 5Y
16.7
Industry
13.2
Forward
27
vs History
17
vs Industry
23
Median 3Y
14.9
Median 5Y
17.7
Industry
11.4
vs History
4
vs Industry
14
Median 3Y
16.1
Median 5Y
18.6
Industry
16.1
vs History
42
vs Industry
26
Median 3Y
1.8
Median 5Y
1.9
Industry
1.1

Multiples Across Competitors

SALM Competitors Multiples
SalMar ASA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
NO
SalMar ASA
OSE:SALM
84.1B NOK 3.1 71.3 24.3 43.5
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
199.3B CHF 2.2 19.3 13 16.1
US
Mondelez International Inc
NASDAQ:MDLZ
70.3B USD 1.9 19.9 15.6 20.3
FR
Danone SA
PAR:BN
50B EUR 1.8 27.2 11.7 15.8
ZA
Tiger Brands Ltd
JSE:TBS
57.6B Zac 0 0 0 0
US
Hershey Co
NYSE:HSY
38.4B USD 3.3 28.2 17 21.2
CN
Muyuan Foods Co Ltd
SZSE:002714
268.7B CNY 1.8 12.1 12.4 12.4
ZA
Avi Ltd
JSE:AVI
34.1B Zac 0 0 0 0
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
27B CHF 4.8 42 24.4 33.3
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
221.1B CNY 7.9 32.3 29.4 29.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NO
SalMar ASA
OSE:SALM
Average EV/EBITDA: 20 743.4
24.3
19%
1.3
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
186 542.5
N/A N/A
CH
Nestle SA
SIX:NESN
13
1%
13
US
Mondelez International Inc
NASDAQ:MDLZ
15.6
-2%
N/A
FR
Danone SA
PAR:BN
11.7
5%
2.3
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
11%
N/A
US
Hershey Co
NYSE:HSY
17
-5%
N/A
CN
Muyuan Foods Co Ltd
SZSE:002714
12.4
31%
0.4
ZA
A
Avi Ltd
JSE:AVI
Not Available
7%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
24.4
8%
3.1
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
29.4
16%
1.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NO
SalMar ASA
OSE:SALM
Average EV/EBIT: 35 386.3
43.5
23%
1.9
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
318 284.3
N/A N/A
CH
Nestle SA
SIX:NESN
16.1
0%
N/A
US
Mondelez International Inc
NASDAQ:MDLZ
20.3
-3%
N/A
FR
Danone SA
PAR:BN
15.8
6%
2.6
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
12%
N/A
US
Hershey Co
NYSE:HSY
21.2
-6%
N/A
CN
Muyuan Foods Co Ltd
SZSE:002714
12.4
20%
0.6
ZA
A
Avi Ltd
JSE:AVI
Not Available
8%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
33.3
8%
4.2
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
29.4
11%
2.7