SalMar ASA (SALRY) Stock Analysis

Why this analysis is different

• A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

SalMar ASA (SALRY) Consumer Business Overview

SalMar ASA (SALRY) stands as a prominent aquaculture firm, expertly managing the entire salmon production process from breeding to global distribution, ensuring quality and sustainability in a competitive seafood market.

What Is the Investment Thesis for SALRY?

SalMar ASA presents a robust investment thesis driven by its significant market capitalization of $7.36B and a P/E ratio of 35.5, reflecting strong investor confidence in its growth potential. The company boasts a profit margin of 7.1% and a gross margin of 33.7%, indicating effective cost management and operational efficiency. SalMar's ongoing commitment to sustainability and quality in salmon farming positions it well to capitalize on the increasing global demand for seafood, particularly in health-conscious markets. With a dividend yield of 4.09%, the company also offers attractive returns to shareholders. Key growth catalysts include expanding market reach in Asia and North America, alongside innovations in aquaculture technology that enhance production efficiency. However, investors should remain vigilant regarding potential risks such as fluctuating salmon prices and regulatory changes impacting the aquaculture industry.

Based on FMP financials and quantitative analysis

SALRY Key Highlights

Market capitalization of $7.36B, positioning SalMar as a leading player in the aquaculture sector.

• P/E ratio of 35.5, indicating strong growth expectations among investors.
• Profit margin of 7.1%, reflecting effective cost management and operational efficiency.
• Gross margin of 33.7%, exceeding industry averages and showcasing product quality.
• Dividend yield of 4.09%, providing attractive returns to shareholders.

Who Are SALRY's Competitors?

SALRY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are SALRY's Key Strengths?

Strong market position as one of the largest salmon producers globally.

• Integrated operations enhancing cost control and product quality.
• Commitment to sustainability and responsible farming practices.

What Are SALRY's Weaknesses?

Dependence on the fluctuating prices of salmon.

• Exposure to regulatory changes affecting aquaculture practices.
• Limited diversification beyond salmon products.

What Could Drive SALRY Stock Higher?

Expansion into Asian markets to capitalize on growing demand for salmon.

• Implementation of sustainable practices enhancing brand reputation.
• Introduction of value-added salmon products to diversify offerings.
• Strategic partnerships with food processing companies to strengthen distribution.
• Technological advancements in aquaculture to improve production efficiency.

What Are the Key Risks for SALRY?

Fluctuating salmon prices impacting revenue stability.

• Regulatory changes affecting aquaculture practices and operations.
• Environmental concerns leading to increased scrutiny and compliance costs.
• Competition from other seafood producers affecting market share.

What Are the Growth Opportunities for SALRY?

• Expansion into Asian Markets: The Asian seafood market is projected to grow significantly, with increasing demand for high-quality salmon. SalMar ASA aims to enhance its presence in this region by leveraging its established distribution networks and marketing strategies. The potential market size in Asia is estimated to reach $15 billion by 2028, presenting a substantial growth opportunity for SalMar.
• Technological Advancements in Aquaculture: SalMar is investing in innovative aquaculture technologies that improve production efficiency and sustainability. By adopting advanced breeding techniques and automated farming solutions, the company can enhance yield while reducing environmental impact. The global aquaculture technology market is expected to grow at a CAGR of 10% over the next five years, providing SalMar with a competitive edge.
• Sustainability Initiatives: As consumers become more environmentally conscious, SalMar's commitment to sustainable practices positions it favorably in the market. The company is actively pursuing certifications and partnerships that emphasize responsible farming practices. The global market for sustainable seafood is projected to reach $25 billion by 2027, offering SalMar an opportunity to capture a larger share of this growing segment.
• Diversification of Product Offerings: SalMar plans to diversify its product range by introducing value-added products, such as ready-to-eat salmon meals and organic options. This strategy aims to cater to changing consumer preferences and expand its customer base. The value-added seafood market is anticipated to grow at a CAGR of 8% through 2026, enhancing SalMar's revenue potential.
• Strategic Partnerships and Collaborations: SalMar is exploring strategic partnerships with food processing companies and retailers to enhance distribution channels and market reach. Collaborations can lead to increased sales volume and brand visibility. The global seafood distribution market is expected to grow by 6% annually, providing SalMar with opportunities to strengthen its market position.

What Threats Does SALRY Face?

• Intense competition from other aquaculture and seafood companies.
• Potential environmental regulations impacting operations.
• Market volatility due to changing consumer preferences.

What Are SALRY's Competitive Advantages?

• Integrated operations provide greater control over the entire production process.
• Strong brand reputation built on quality and sustainability.
• Established distribution networks enhance market reach and customer access.

What Does SALRY Do?

Founded in 1991 and headquartered in Kverva, Norway, SalMar ASA is a leading aquaculture company specializing in the cultivation and distribution of farmed salmon. The company has developed an extensive market presence that includes regions such as Asia, North America (notably the United States and Canada), and across Europe. SalMar oversees the entire value chain of salmon production, which encompasses various stages such as breeding broodfish, cultivating lumpfish, and raising smolt. The company’s operations extend to open-water marine farming, where the salmon are grown until they reach market size. Following this, SalMar is involved in harvesting, packaging, processing, and ultimately selling its salmon products. This integrated approach not only enhances operational efficiency but also ensures high product quality, positioning SalMar as one of the largest salmon producers globally. The company serves a diverse clientele, including international importers and exporters, food processing companies, and retail chains, utilizing both its in-house sales force and strategic partnerships to expand its market reach. SalMar's commitment to sustainability and quality has solidified its reputation in the seafood industry, making it a key player in meeting global demand for healthy protein sources.

What Products and Services Does SALRY Offer?

• Cultivate and farm salmon from broodfish to market size.
• Manage the entire value chain, including breeding, raising, and harvesting.
• Package and process salmon products for distribution.
• Distribute farmed salmon globally, focusing on key markets in Asia and North America.
• Serve a diverse clientele, including food processing companies and retail chains.
• Leverage in-house sales teams and strategic partnerships for market expansion.

How Does SALRY Make Money?

• Generate revenue through the sale of farmed salmon and value-added products.
• Utilize integrated operations to control costs and enhance product quality.
• Engage in both domestic and international markets to diversify revenue streams.
• Implement sustainable farming practices to appeal to environmentally conscious consumers.

What Industry Does SALRY Operate In?

The agricultural farm products industry, particularly in aquaculture, is experiencing significant growth driven by rising global demand for sustainable protein sources. The salmon farming sector is projected to expand as consumers increasingly seek healthier dietary options. SalMar ASA, as one of the world's largest salmon producers, is well-positioned to leverage this trend. The competitive landscape includes several key players, such as Kesko Oyj (KKOYF), Lotus Bakeries N.V. (LOTBY), Tingyi (Cayman Islands) Holding Corp. (TCYMF), Barry Callebaut AG (BRRLY), and AAK AB (publ.) (ARHUF), all of which contribute to a dynamic market environment where quality and sustainability are paramount.

Who Are SALRY's Key Customers?

• International importers and exporters of seafood products.
• Food processing companies seeking high-quality salmon.
• Retail chains offering fresh and packaged salmon products.

Wall Street analysts project SalMar ASA revenue of about $30.98B for fiscal 2026, with EPS near $0.00. The estimate reflects 10 contributing analysts.

Quarterly Financial Performance: SalMar ASA

Revenue for SalMar ASA came in at $6.48B during Q1 2026, a 20.8% contraction versus the preceding quarter. The company recorded net income of $569.0M, with diluted EPS of $1.05. Quarter-over-quarter revenue has been mixed, typical for a mid-cap company operating in Consumer Defensive. Across the four most recent quarters, SALRY averaged $0.94 in diluted EPS.

SALRY Valuation & Market Position

With a $7.36B market cap, SalMar ASA sits in the mid-cap segment of the market. Relative to its peer group, SALRY's quantitative score of 46/100 is roughly in line with the peer average of 50/100.

Return on equity for SalMar ASA stands at 11.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.6%, showing how much profit it generates from its asset base. SALRY trades at a trailing price-to-earnings ratio of 35.49, above the Consumer Defensive sector average of ~28x. Its free cash flow yield is 5.8%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.52 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 2.9%, the inverse of the P/E and a quick read on earnings relative to price.

SalMar ASA's Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 2.19 places it in the grey zone, a middle ground that warrants monitoring.

Company Profile

SalMar ASA operates in the Agricultural Farm Products industry within the Consumer Defensive sector. It is headquartered in Kverva, NO. The company is led by CEO Frode Arntsen. SALRY has traded publicly since 2019.

SALRY Financials

SALRY Latest News

No recent news available for SALRY.

SALRY Analyst Consensus

SALRY MoonshotScore

What Investors Ask About SalMar ASA (SALRY) — Consumer Defensive

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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