Salmon Evolution Holding AS (SALME) fair value: what the stock is really worth
As of Oct 15, 2026: fair value of Salmon Evolution Holding AS NOK 2.39, price NOK 3.11, upside -23.2%, quality 16 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range kr 3.03 – kr 11.24 · fair‑value band kr 1.79 – kr 3.57 · the kr 3.11 price screens above the kr 2.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Salmon Evolution ASA, together with its subsidiaries, operates as a land-based salmon farming company in Norway and internationally. It offers salmon fish. Salmon Evolution ASA was founded in 2017 and is headquartered in Elnesvågen, Norway.
Stock analysis
Salmon Evolution Holding AS (SALME) currently trades at kr 3.11, while our model-based Fair Value estimate is kr 2.39, 23.2% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.
Scenario range: kr 1.79 (bear) to kr 3.57 (bull), the price of kr 3.11 sits inside 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 16/100 (below-average quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Salmon Evolution Holding AS reported revenue of 325M NOK in FY2025 versus 12.0M NOK in FY2021, a compound +127.9%/yr. Reported net income was −172M NOK in FY2025.
Key figures
Market cap 1.8B NOK (≈ $188M) · P/S ratio 4.39 · EPS (TTM) kr −0.2700 · Net margin −52.8% · Return on equity −5.7% · Return on assets (EBIT) −2.6% · Operating margin −55.1% · Revenue (TTM) 404M NOK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at −23%, SALME screens richer than that median.
Fair Value models
Bearkr 1.79Fair Value kr 2.39Bullkr 3.57
Price kr 3.11 · Upside -23.2%
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.Coverage ⓘCoverage = 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.21/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−30.5%
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.
+91.8%
Revenue growth 5 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.
+241.1%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
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.
−2,511.1% (2020) → −44.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Salmon Evolution Holding AS with another stock
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 · 293 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score16 · Bottom 25%
Fair Value upside−23.2% · Below median
Profitability
Return on assets−4.1% · Bottom 25%
Net margin (12 months)−31.4% · Bottom 25%
Operating margin (12 months)−55.1% · Bottom 25%
Growth and dividend
Revenue growth−26.8% · Bottom 25%
Balance sheet
Debt / equity0.75× · Highest 25%
Valuation Multiplesvs Farm Products median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Salmon Evolution Holding AS Fair Value". https://www.fairvalue-calculator.com/stock/SALME
Frequently asked questions
Is Salmon Evolution Holding AS (SALME) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of kr 2.39 versus a price of kr 3.11, about −23% upside (overvalued).
What is the fair value of SALME?
Our model-based fair value for Salmon Evolution Holding AS is kr 2.39 (as of Oct 2, 2026), built from audited fundamentals. The current price: kr 3.11.
What is the quality score of SALME?
Salmon Evolution Holding AS has a Quality Score of 16/100. 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 Salmon Evolution Holding AS (SALME)?
Our model-based price target is the fair value of kr 2.39 (as of Oct 2, 2026) from 1 valuation models. Cautious scenario kr 1.79, optimistic scenario kr 3.57. It is a calculation from audited fundamentals, not an analyst target.
What is the Salmon Evolution Holding AS stock forecast for 2026?
Our models put fair value at kr 2.39, about −23% upside versus a price of kr 3.11 (overvalued). Cautious scenario kr 1.79, optimistic scenario kr 3.57. The calculation is refreshed regularly with new filings.
What is the revenue of Salmon Evolution Holding AS (SALME)?
Salmon Evolution Holding AS reported trailing-twelve-month revenue of about 404M NOK (latest available figure, as of Oct 2, 2026).
What is the intrinsic value of Salmon Evolution Holding AS (SALME)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Salmon Evolution Holding AS it is kr 2.39 per share (as of Oct 2, 2026), against a price of kr 3.11. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Salmon Evolution Holding AS stock overvalued or undervalued in 2026?
As of Oct 2, 2026, SALME trades above its calculated fair value: price kr 3.11, fair value kr 2.39, a gap of about −23% (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 SALME?
No. The price is what the market pays today (kr 3.11); the fair value is what the company's own numbers justify (kr 2.39). For Salmon Evolution Holding AS the two are kr 0.7200 per share apart. That gap is exactly why we show both numbers side by side.
How much is Salmon Evolution Holding AS worth?
The market values Salmon Evolution Holding AS at about 1.8B NOK (market capitalisation, as of Oct 2, 2026). Per share that is kr 3.11; our models calculate a fair value of kr 2.39 per share.
What do the bullish and bearish scenarios say about SALME?
Our models span a range for Salmon Evolution Holding AS: cautious scenario kr 1.79, base kr 2.39, optimistic kr 3.57 per share (as of Oct 2, 2026, price kr 3.11). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Salmon Evolution Holding AS (SALME)?
Balance-sheet figures for Salmon Evolution Holding AS (as of Oct 2, 2026): return on equity −5.7%, debt of 0.75 per unit of equity. They feed the Quality Score of 16/100, which measures business quality independently of the share price.
How far is SALME from its 52-week high?
Salmon Evolution Holding AS trades at kr 3.11, about 43% below its 52-week high of kr 5.41 and 3% above the low of kr 3.03 (as of Oct 15, 2026). Distance from the high says nothing about value: that is what the fair value of kr 2.39 is for.
Which stocks are comparable to Salmon Evolution Holding AS?
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 Salmon Evolution Holding AS stock attractive at the current price?
The data as of Oct 2, 2026: price kr 3.11, calculated fair value kr 2.39 (−23%), Quality Score 16/100, from 1 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 SALME calculated?
We run Salmon Evolution Holding AS through 1 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 2.39, 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 13.8 % above its aggregate fair value. Salmon Evolution Holding AS 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 Salmon Evolution Holding AS (SALME)?
The closing price on Oct 15, 2026 was kr 3.11. Our model-based fair value is kr 2.39, about −23% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Salmon Evolution Holding AS right now?
Weak quality (16/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (kr 1.79 to kr 3.57) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Salmon Evolution Holding AS
How large is the market capitalisation of Salmon Evolution Holding AS (SALME)?
The market capitalisation of Salmon Evolution Holding AS is 1.8B NOK (≈ $188M). 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 Salmon Evolution Holding AS (SALME)?
The price-to-sales ratio of Salmon Evolution Holding AS is 4.39 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Salmon Evolution Holding AS (SALME)?
Earnings per share at Salmon Evolution Holding AS are kr −0.2700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Salmon Evolution Holding AS (SALME)?
The net margin of Salmon Evolution Holding AS is −52.8% (fiscal year 2025). 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 Salmon Evolution Holding AS (SALME)?
The return on equity (ROE) of Salmon Evolution Holding AS is −5.7% (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 Salmon Evolution Holding AS (SALME)?
On an EBIT basis the return on assets of Salmon Evolution Holding AS is −2.6% (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 Salmon Evolution Holding AS (SALME)?
The operating margin of Salmon Evolution Holding AS is −55.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Salmon Evolution Holding AS (SALME)?
Revenue at Salmon Evolution Holding AS is growing −26.8% versus a year earlier (3y avg +91.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Salmon Evolution Holding AS (SALME) generate?
The free cash flow of Salmon Evolution Holding AS is −1.3B NOK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Salmon Evolution Holding AS (SALME) carry?
The net debt of Salmon Evolution Holding AS is 1.7B NOK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 2, 2026