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EV/S

3.5
Current
0%
More Expensive
vs 3-y average of 3.5

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
3.5
=
Enterprise Value
€97.3B
/
Revenue
kr27.4B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
3.5
=
Enterprise Value
€97.3B
/
Revenue
kr27.4B

Valuation Scenarios

SalMar ASA is trading above its 3-year average

If EV/S returns to its 3-Year Average (3.5), the stock would be worth €51.82 (0% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-51%
Maximum Upside
+3%
Average Downside
24%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 3.5 €51.85
0%
3-Year Average 3.5 €51.82
0%
5-Year Average 3.6 €53.21
+3%
Industry Average 1.8 €26.65
-49%
Country Average 1.7 €25.27
-51%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
€97.3B
/
Jan 2026
kr27.4B
=
3.5
Current
€97.3B
/
Dec 2026
kr32B
=
3
Forward
€97.3B
/
Dec 2027
kr35.6B
=
2.7
Forward
€97.3B
/
Dec 2028
kr38.5B
=
2.5
Forward
€97.3B
/
Dec 2029
kr37.7B
=
2.6
Forward
€97.3B
/
Dec 2030
kr38.9B
=
2.5
Forward
€97.3B
/
Dec 2031
kr41.5B
=
2.3
Forward
€97.3B
/
Dec 2032
kr44B
=
2.2
Forward
€97.3B
/
Dec 2033
kr46.6B
=
2.1
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
NO
SalMar ASA
XBER:JEP
73B EUR 3.5 68.5
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 23 896.4 540 752.8
CH
Nestle SA
SIX:NESN
207B CHF 2.8 22.9
US
Mondelez International Inc
NASDAQ:MDLZ
73.6B USD 2.4 30
FR
Danone SA
PAR:BN
42.6B EUR 1.8 23.7
ZA
Tiger Brands Ltd
JSE:TBS
48.6B ZAR 1.3 12.7
US
Hershey Co
NYSE:HSY
37.8B USD 3.6 42.8
CN
Muyuan Foods Co Ltd
SZSE:002714
230.9B CNY 2 23.6
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
232.8B CNY 6.9 33.1
ZA
Avi Ltd
JSE:AVI
33.1B ZAR 2 12.8
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.2B CHF 4.1 32

Market Distribution

Lower than 74% of companies in Norway
Percentile
26th
Based on 658 companies
26th percentile
0.3
Low
0 — 0.5
Typical Range
0.5 — 5.2
High
5.2 —
Distribution Statistics
Norway
Min 0
30th Percentile 0.5
Median 1.7
70th Percentile 5.2
Max 67 008.4

SalMar ASA
Glance View

SalMar ASA, a key player in the global aquaculture realm, began its journey in 1991, on the rugged coasts of Norway. Founded by Gustav Witzøe, the company has forged its reputation by pioneering sustainable fish farming practices. In a world of increasing demand for protein, SalMar specializes in the farming, processing, and selling of farmed salmon. This simple yet demanding business model starts in the fjords of Norway, where SalMar utilizes modern biotechnological advances and cutting-edge marine engineering to nurture Atlantic salmon in optimal, controlled sea environments. The company's operational strategy revolves around vertically integrated operations. From its hatcheries and sea farms to its state-of-the-art harvesting and processing facilities, SalMar ensures the highest quality standards at every step. By maintaining control over the entire production chain, SalMar not only upholds sustainable practices but also capitalizes on efficiencies and cost synergies. This end-to-end approach allows SalMar to generate robust revenue streams, appealing to both domestic and international markets hungry for premium seafood. SalMar's adeptness at aligning economic profitability with environmental stewardship has fortified its position as a leading harvester of the ocean's bounty, ensuring the company remains buoyant amidst the tides of global demand shifts.

JEP Intrinsic Value
71.04 EUR
Undervaluation 27%
Intrinsic Value
Price €51.85
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