Financials Salmon Evolution ASA

Equities

SALME

NO0010892094

Fishing & Farming

Market Closed - Oslo Bors 08:15:00 10/05/2024 pm IST 5-day change 1st Jan Change
7.69 NOK -0.77% Intraday chart for Salmon Evolution ASA +5.20% +13.42%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,505 2,673 2,859 2,806 3,183 - -
Enterprise Value (EV) 1 899 2,403 3,162 3,093 4,103 5,335 5,923
P/E ratio -52.7 x -78.2 x -82.7 x -18.3 x 72.8 x 34.1 x 15.1 x
Yield - - - - - - -
Capitalization / Revenue 2,138 x 218 x 60 x 16.7 x 5.45 x 4.06 x 2.86 x
EV / Revenue 1,277 x 196 x 66.3 x 18.4 x 7.02 x 6.8 x 5.33 x
EV / EBITDA -52.5 x -67.5 x -46.2 x -36.8 x 27.6 x 19.9 x 14.4 x
EV / FCF -5.12 x -2.73 x -3.62 x -7.7 x -5.51 x -4.23 x -6.51 x
FCF Yield -19.5% -36.7% -27.7% -13% -18.2% -23.6% -15.4%
Price to Book 1.91 x 2.07 x 1.83 x 1.38 x 1.63 x 1.54 x 1.39 x
Nbr of stocks (in thousands) 2,19,731 3,10,796 3,45,755 4,13,937 4,13,937 - -
Reference price 2 6.850 8.600 8.270 6.780 7.690 7.690 7.690
Announcement Date 02/03/21 10/02/22 08/02/23 13/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 0.704 12.26 47.68 168.4 584.5 784.5 1,111
EBITDA 1 - -17.13 -35.61 -68.48 -83.95 148.9 267.7 410.4
EBIT 1 - -17.68 -37.84 -74.67 -130.7 75.56 196.3 303.4
Operating Margin - -2,510.8% -308.73% -156.61% -77.59% 12.93% 25.02% 27.3%
Earnings before Tax (EBT) 1 - -16.83 -33.29 -32.73 -145.8 41.91 120.2 288.8
Net income 1 -11.27 -16.83 -33.29 -32.73 -145.8 30.74 97.07 224.3
Net margin - -2,390.06% -271.57% -68.64% -86.55% 5.26% 12.37% 20.18%
EPS 2 - -0.1300 -0.1100 -0.1000 -0.3700 0.1056 0.2254 0.5089
Free Cash Flow 1 - -175.6 -880.9 -874.8 -401.9 -745 -1,260 -909.8
FCF margin - -24,936.08% -7,186.69% -1,834.6% -238.65% -127.47% -160.66% -81.85%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - - - -
Announcement Date 17/09/20 02/03/21 10/02/22 08/02/23 13/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 0.005 6.818 12.68 -0.223 28.41 2.972 60.75 15.86 88.85 100.3 183.5 133 161 208.5 215.5
EBITDA 1 -11.6 -9.992 -15.11 -20.75 -22.63 -22.36 -20.79 -24.64 -16.16 24.12 60.77 29.49 41.24 86.5 93.5
EBIT 1 -12.42 -11.04 -16.58 -22.32 -24.74 -24.56 -32.17 -40.7 -33.25 5.755 43.11 12.86 23.74 67.5 74.5
Operating Margin -2,48,360% -161.85% -130.74% 10,009.42% -87.08% -826.31% -52.96% -256.68% -37.43% 5.74% 23.49% 9.67% 14.75% 32.37% 34.57%
Earnings before Tax (EBT) 1 -12.08 -1.57 -10.48 -14.19 -6.492 -32.38 -26.01 -36.5 -50.89 -1.201 33.79 8.696 14.49 50.24 51.5
Net income 1 -12.08 -1.57 -10.48 -14.19 -6.492 -32.38 -26.01 -36.5 -50.89 -1.201 28.9 6.696 11.15 42.68 43.86
Net margin -2,41,700% -23.03% -82.65% 6,361.88% -22.85% -1,089.43% -42.82% -230.18% -57.27% -1.2% 15.75% 5.03% 6.93% 20.47% 20.35%
EPS 2 -0.0400 -0.0100 -0.0300 -0.0400 -0.0200 -0.0900 -0.0700 -0.0900 -0.1200 - 0.0707 0.0162 0.0249 0.1050 0.1100
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 10/02/22 24/05/22 18/08/22 16/11/22 08/02/23 23/05/23 16/08/23 15/11/23 13/02/24 07/05/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 303 287 920 2,152 2,740
Net Cash position 1 - 606 270 - - - - -
Leverage (Debt/EBITDA) - - - -4.424 x -3.417 x 6.177 x 8.039 x 6.675 x
Free Cash Flow 1 - -176 -881 -875 -402 -745 -1,260 -910
ROE (net income / shareholders' equity) - -4.07% -3.2% -2.29% -9.52% 1.73% 4.72% 9.53%
ROA (Net income/ Total Assets) - -3.57% -2.56% -1.63% -6.62% 1.46% 3.18% 5.22%
Assets 1 - 471.6 1,299 2,006 2,203 2,111 3,049 4,300
Book Value Per Share 2 - 3.590 4.150 4.520 4.910 4.730 5.010 5.520
Cash Flow per Share - - - - - - - -
Capex 1 - 146 768 805 276 811 1,449 1,060
Capex / Sales - 20,690.34% 6,266.45% 1,689.12% 163.69% 138.8% 184.64% 95.37%
Announcement Date 17/09/20 02/03/21 10/02/22 08/02/23 13/02/24 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
7.75 NOK
Average target price
10.04 NOK
Spread / Average Target
+29.55%
Consensus
  1. Stock Market
  2. Equities
  3. SALME Stock
  4. Financials Salmon Evolution ASA
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