SalMar ASA (0FWY) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of SalMar ASA NOK 282, price NOK 579, upside -51.2%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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SalMar ASA, an aquaculture company, produces and sells farmed salmon in Norway, Asia, Europe, North America, and internationally. The company operates through Fish Farming Central Norway, Fish Farming Northern Norway, Icelandic Salmon, Sales & Industry, and SalMar Aker Ocean segments.
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SalMar ASA, an aquaculture company, produces and sells farmed salmon in Norway, Asia, Europe, North America, and internationally. The company operates through Fish Farming Central Norway, Fish Farming Northern Norway, Icelandic Salmon, Sales & Industry, and SalMar Aker Ocean segments. It also engages in the broodstock, marine-phase farming, harvesting, processing, and smolt production activities. In addition, the company offers fish fillets and related products. SalMar ASA was incorporated in 1991 and is headquartered in Kverva, Norway.
Stock analysis
SalMar ASA (0FWY) currently trades at kr 578.75, while our model-based Fair Value estimate is kr 282.40, 51.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 410.80 per share, and 0 of the 25 models we run sit above the kr 578.75 price.
Bear case: the Asset-Based group reads lowest at kr 50.67, and 25 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 211.80 (bear) to kr 353.00 (bull), the price of kr 578.75 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SalMar ASA reported revenue of 12.9B NOK in FY2020 versus 9.0B NOK in FY2016, a compound +9.4%/yr. Reported net income was 2.0B NOK in FY2020, compounding −6.9%/yr from FY2016.
Key figures
Market cap 75.4B NOK (≈ $7.8B) · P/S ratio 2.63 · Dividend yield 1.7% · Net margin 15.3% · Return on equity 9.8% · Return on assets (EBIT) 20.6% · Operating margin 9.1% · Revenue (TTM) 28.6B NOK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 27% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 37% fair-value upside, at −51%, 0FWY screens richer than that median.
Fair Value models
Bear kr 211.80Fair Value kr 282.40Bull kr 353.00
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.1%
’16
’17
’18
’19
’20
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
34.2% (2016) → 21.9% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Farm Products · 284 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−42.6% · Below median
Profitability
Return on equity (TTM)9.8% · Above median
Return on assets4.8% · Above median
Net margin (TTM)7.1% · Above median
Operating margin (TTM)9.1% · Above median
Growth and dividend
Revenue growth24.9% · Top 25%
Dividend yield (TTM)1.7% · Below median
Balance sheet
Debt / equity0.37× · Above median
Valuation Multiplesvs Farm Products median · lower = cheaper
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Cite: Fair Value Calculator (2026). "SalMar ASA Fair Value". https://www.fairvalue-calculator.com/stock/0FWY
Frequently asked questions
Is SalMar ASA (0FWY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 282.40 versus a price of kr 578.75, about −51% upside (overvalued).
What is the fair value of 0FWY?
Our model-based fair value for SalMar ASA is kr 282.40 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 578.75.
What is the quality score of 0FWY?
SalMar ASA has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SalMar ASA (0FWY)?
Our model-based price target is the fair value of kr 282.40 (as of Sep 24, 2026) from 25 valuation models. Cautious scenario kr 211.80, optimistic scenario kr 353.00. It is a calculation from audited fundamentals, not an analyst target.
What is the SalMar ASA stock forecast for 2026?
Our models put fair value at kr 282.40, about −51% upside versus a price of kr 578.75 (overvalued). Cautious scenario kr 211.80, optimistic scenario kr 353.00. The calculation is refreshed regularly with new filings.
What is the revenue of SalMar ASA (0FWY)?
SalMar ASA reported trailing-twelve-month revenue of about 28.6B NOK (latest available figure, as of Sep 24, 2026).
Does SalMar ASA pay a dividend?
SalMar ASA currently shows a dividend yield of about 1.73% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of SalMar ASA (0FWY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SalMar ASA it is kr 282.40 per share (as of Sep 24, 2026), against a price of kr 578.75. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is SalMar ASA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0FWY trades above its calculated fair value: price kr 578.75, fair value kr 282.40, a gap of about −51% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0FWY?
No. The price is what the market pays today (kr 578.75); the fair value is what the company's own numbers justify (kr 282.40). For SalMar ASA the two are kr 296.35 per share apart. That gap is exactly why we show both numbers side by side.
How much is SalMar ASA worth?
The market values SalMar ASA at about 75.4B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 578.75; our models calculate a fair value of kr 282.40 per share.
What do the bullish and bearish scenarios say about 0FWY?
Our models span a range for SalMar ASA: cautious scenario kr 211.80, base kr 282.40, optimistic kr 353.00 per share (as of Sep 24, 2026, price kr 578.75). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SalMar ASA (0FWY)?
Balance-sheet figures for SalMar ASA (as of Sep 24, 2026): return on equity 9.8%, debt of 0.37 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 0FWY from its 52-week high?
SalMar ASA trades at kr 578.75, about 6% below its 52-week high of kr 613.92 and 27% above the low of kr 454.50 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 282.40 is for.
Which stocks are comparable to SalMar ASA?
From the same area (Consumer Defensive) we also value Archer-Daniels-Midland Company, Muyuan Foods Group, Bunge Global SA, Tyson Foods, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SalMar ASA stock attractive at the current price?
The data as of Sep 24, 2026: price kr 578.75, calculated fair value kr 282.40 (−51%), Quality Score 56/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0FWY calculated?
We run SalMar ASA through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 282.40, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. SalMar ASA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SalMar ASA (0FWY)?
The closing price on Oct 2, 2026 was kr 578.75. Our model-based fair value is kr 282.40, about −51% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SalMar ASA right now?
The price sits above even our optimistic bull case (kr 353.00). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of SalMar ASA
How large is the market capitalisation of SalMar ASA (0FWY)?
The market capitalisation of SalMar ASA is 75.4B NOK (≈ $7.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SalMar ASA (0FWY)?
The price-to-sales ratio of SalMar ASA is 2.63 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of SalMar ASA (0FWY)?
The dividend yield of SalMar ASA is 1.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SalMar ASA (0FWY)?
The net margin of SalMar ASA is 15.3% (fiscal year 2020). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SalMar ASA (0FWY)?
The return on equity (ROE) of SalMar ASA is 9.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SalMar ASA (0FWY)?
On an EBIT basis the return on assets of SalMar ASA is 20.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SalMar ASA (0FWY)?
The operating margin of SalMar ASA is 9.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SalMar ASA (0FWY)?
Revenue at SalMar ASA is growing +24.9% versus a year earlier (3y avg +6.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SalMar ASA (0FWY)?
Earnings per share at SalMar ASA are growing −6.7% versus a year earlier. How much earnings per share grew versus a year earlier.
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