SalMar ASA
OSE:SALM

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SalMar ASA
OSE:SALM
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Price: 490.6 NOK -3.43% Market Closed
Market Cap: 65.6B NOK

Relative Value

The Relative Value of one SALM stock under the Base Case scenario is 912.03 NOK. Compared to the current market price of 490.6 NOK, SalMar ASA is Undervalued by 46%.

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
912.03 NOK
Undervaluation 46%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
88
vs Industry
16
Median 3Y
2.8
Median 5Y
3.2
Industry
0.9
Forward
2
vs History
55
vs Industry
22
Median 3Y
22.8
Median 5Y
23.9
Industry
16
Forward
13.9
vs History
53
vs Industry
26
Median 3Y
11.8
Median 5Y
12.8
Industry
9.6
vs History
61
vs Industry
36
Median 3Y
12.8
Median 5Y
13.7
Industry
17
vs History
79
vs Industry
12
Median 3Y
3.9
Median 5Y
4.4
Industry
1.4
vs History
90
vs Industry
14
Median 3Y
3.4
Median 5Y
3.7
Industry
1.1
Forward
2.5
vs History
84
vs Industry
33
Median 3Y
6.5
Median 5Y
7
Industry
4.6
vs History
68
vs Industry
30
Median 3Y
11.9
Median 5Y
12.4
Industry
9.9
Forward
8.2
vs History
50
vs Industry
27
Median 3Y
14.8
Median 5Y
15.6
Industry
12.9
Forward
10.2
vs History
49
vs Industry
23
Median 3Y
14.7
Median 5Y
15.5
Industry
10.8
vs History
30
vs Industry
14
Median 3Y
18.6
Median 5Y
18.6
Industry
15
vs History
77
vs Industry
26
Median 3Y
1.8
Median 5Y
2.2
Industry
1.1

Multiples Across Competitors

SALM Competitors Multiples
SalMar ASA Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
NO
SalMar ASA
OSE:SALM
64.7B NOK 2.4 21.8 11.4 15.1
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
226.8B CHF 2.5 20.8 14.1 17.3
US
Mondelez International Inc
NASDAQ:MDLZ
88.9B USD 2.4 19.3 12.9 15.4
FR
Danone SA
PAR:BN
48.2B EUR 1.8 23.9 11.4 15.1
ZA
Tiger Brands Ltd
JSE:TBS
46.5B Zac 0 0 0 0
US
Kraft Heinz Co
NASDAQ:KHC
33.9B USD 1.3 12.8 8.4 9.9
US
Hershey Co
NYSE:HSY
34.3B USD 3.2 20.8 13.8 16.5
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
27.5B CHF 5 40.9 23.3 31
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
231.7B CNY 8.4 35 28.6 28.6
ZA
Avi Ltd
JSE:AVI
30.8B Zac 0 0 0 0
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NO
SalMar ASA
OSE:SALM
Average EV/EBITDA: 20 740.7
11.4
22%
0.5
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
186 542.5
N/A N/A
CH
Nestle SA
SIX:NESN
14.1
4%
3.5
US
Mondelez International Inc
NASDAQ:MDLZ
12.9
-1%
N/A
FR
Danone SA
PAR:BN
11.4
5%
2.3
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
23%
N/A
US
Kraft Heinz Co
NASDAQ:KHC
8.4
0%
N/A
US
Hershey Co
NYSE:HSY
13.8
-8%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.3
8%
2.9
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
28.6
17%
1.7
ZA
A
Avi Ltd
JSE:AVI
Not Available
6%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NO
SalMar ASA
OSE:SALM
Average EV/EBIT: 35 381.5
15.1
27%
0.6
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
318 284.3
N/A N/A
CH
Nestle SA
SIX:NESN
17.3
2%
8.7
US
Mondelez International Inc
NASDAQ:MDLZ
15.4
-2%
N/A
FR
Danone SA
PAR:BN
15.1
6%
2.5
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
15%
N/A
US
Kraft Heinz Co
NASDAQ:KHC
9.9
-1%
N/A
US
Hershey Co
NYSE:HSY
16.5
-10%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
31
9%
3.4
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
28.6
13%
2.2
ZA
A
Avi Ltd
JSE:AVI
Not Available
6%
N/A