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SalMar ASA
Buy, Hold or Sell?

Let's analyse Salmar together

PenkeI guess you are interested in SalMar ASA. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of SalMar ASA. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Salmar (30 sec.)










What can you expect buying and holding a share of Salmar? (30 sec.)

How much money do you get?

How much money do you get?
€40.43
When do you have the money?
1 year
How often do you get paid?
96.4%

What is your share worth?

Current worth
€147.98
Expected worth in 1 year
€167.64
How sure are you?
92.9%

+ What do you gain per year?

Total Gains per Share
€57.04
Return On Investment
93.7%

For what price can you sell your share?

Current Price per Share
€60.84
Expected price per share
€53.54 - €62.16
How sure are you?
50%

1. Valuation of Salmar (5 min.)




Live pricePrice per Share (EOD)

€60.84

Intrinsic Value Per Share

€622.35 - €746.27

Total Value Per Share

€770.33 - €894.25

2. Growth of Salmar (5 min.)




Is Salmar growing?

Current yearPrevious yearGrowGrow %
How rich?$23.2b$17.6b$7.5b29.9%

How much money is Salmar making?

Current yearPrevious yearGrowGrow %
Making money$39.8m$90m-$50.2m-126.0%
Net Profit Margin5.5%21.8%--

How much money comes from the company's main activities?

3. Financial Health of Salmar (5 min.)




4. Comparing to competitors in the Farm Products industry (5 min.)




  Industry Rankings (Farm Products)  


Richest
#17 / 247

Most Revenue
#30 / 247

Most Profit
#9 / 247

What can you expect buying and holding a share of Salmar? (5 min.)

Welcome investor! Salmar's management wants to use your money to grow the business. In return you get a share of Salmar.

What can you expect buying and holding a share of Salmar?

First you should know what it really means to hold a share of Salmar. And how you can make/lose money.

Speculation

The Price per Share of Salmar is €60.84. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Salmar.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Salmar, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €147.98. Based on the TTM, the Book Value Change Per Share is €4.92 per quarter. Based on the YOY, the Book Value Change Per Share is €4.61 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €9.34 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Salmar.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.631.0%-0.14-0.2%0.681.1%0.380.6%0.420.7%
Usd Book Value Change Per Share-5.22-8.6%5.328.7%4.988.2%4.757.8%5.729.4%
Usd Dividend Per Share0.100.2%10.1116.6%9.7216.0%11.4518.8%12.0119.7%
Usd Total Gains Per Share-5.11-8.4%15.4225.4%14.7124.2%16.2026.6%17.7329.1%
Usd Price Per Share51.31-43.28-63.37-51.26-45.51-
Price to Earnings Ratio20.20--25.66-30.04-55.78-44.79-
Price-to-Total Gains Ratio-10.03--3.89-5.67-3.67-3.36-
Price to Book Ratio0.32-0.25-0.47-0.48-0.49-
Price-to-Total Gains Ratio-10.03--3.89-5.67-3.67-3.36-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share65.810628
Number of shares15
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share10.1111.45
Usd Book Value Change Per Share5.324.75
Usd Total Gains Per Share15.4216.20
Gains per Quarter (15 shares)231.36242.97
Gains per Year (15 shares)925.44971.89
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1606319915687285962
21213638184013745701934
31819957276520618552906
4242612763690274811393878
5303215954615343514244850
6363919145540412217095822
7424522336465480919946794
8485125527390549622797766
9545828718315618425648738
10606431909240687128489710

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.03.00.025.0%9.03.00.075.0%17.03.00.085.0%25.03.00.089.3%25.03.00.089.3%
Book Value Change Per Share1.03.00.025.0%7.05.00.058.3%14.06.00.070.0%20.08.00.071.4%20.08.00.071.4%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%19.00.01.095.0%27.00.01.096.4%27.00.01.096.4%
Total Gains per Share2.02.00.050.0%10.02.00.083.3%18.02.00.090.0%26.02.00.092.9%26.02.00.092.9%

Fundamentals of Salmar

About SalMar ASA

SalMar ASA, an aquaculture company, produces and sells farmed salmon in Asia, North America, Europe, and internationally. The company operates through Fish Farming Central Norway, Fish Farming Northern Norway, Icelandic Salmon, Sales & Industry, and SalMar Aker Ocean segments. It is involved in the broodstock, harvesting, processing, and smolt production activities. In addition, the company offers fish fillets and related products. SalMar ASA was founded in 1991 and is headquartered in Kverva, Norway.

Fundamental data was last updated by Penke on 2024-03-16 20:30:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of SalMar ASA.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Salmar earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Salmar to the Farm Products industry mean.
  • A Net Profit Margin of 13.2% means that €0.13 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of SalMar ASA:

  • The MRQ is 13.2%. The company is making a huge profit. +2
  • The TTM is 5.5%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ13.2%TTM5.5%+7.8%
TTM5.5%YOY21.8%-16.4%
TTM5.5%5Y17.6%-12.1%
5Y17.6%10Y20.2%-2.6%
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ13.2%1.7%+11.5%
TTM5.5%1.7%+3.8%
YOY21.8%3.4%+18.4%
5Y17.6%2.1%+15.5%
10Y20.2%2.8%+17.4%
1.1.2. Return on Assets

Shows how efficient Salmar is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Salmar to the Farm Products industry mean.
  • 0.2% Return on Assets means that Salmar generated €0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of SalMar ASA:

  • The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.1%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.2%TTM0.1%+0.1%
TTM0.1%YOY0.3%-0.2%
TTM0.1%5Y0.2%-0.2%
5Y0.2%10Y0.3%-0.1%
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2%0.5%-0.3%
TTM0.1%0.6%-0.5%
YOY0.3%1.2%-0.9%
5Y0.2%0.7%-0.5%
10Y0.3%1.0%-0.7%
1.1.3. Return on Equity

Shows how efficient Salmar is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Salmar to the Farm Products industry mean.
  • 0.5% Return on Equity means Salmar generated €0.00 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of SalMar ASA:

  • The MRQ is 0.5%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 0.2%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.5%TTM0.2%+0.3%
TTM0.2%YOY0.6%-0.4%
TTM0.2%5Y0.5%-0.3%
5Y0.5%10Y0.6%-0.1%
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5%1.0%-0.5%
TTM0.2%1.4%-1.2%
YOY0.6%2.3%-1.7%
5Y0.5%1.4%-0.9%
10Y0.6%1.9%-1.3%

1.2. Operating Efficiency of SalMar ASA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Salmar is operating .

  • Measures how much profit Salmar makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Salmar to the Farm Products industry mean.
  • An Operating Margin of 38.9% means the company generated €0.39  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of SalMar ASA:

  • The MRQ is 38.9%. The company is operating very efficient. +2
  • The TTM is 19.1%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ38.9%TTM19.1%+19.7%
TTM19.1%YOY30.5%-11.4%
TTM19.1%5Y26.7%-7.6%
5Y26.7%10Y28.3%-1.6%
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ38.9%2.7%+36.2%
TTM19.1%2.1%+17.0%
YOY30.5%4.9%+25.6%
5Y26.7%4.0%+22.7%
10Y28.3%3.4%+24.9%
1.2.2. Operating Ratio

Measures how efficient Salmar is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Farm Products industry mean).
  • An Operation Ratio of 1.00 means that the operating costs are €1.00 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of SalMar ASA:

  • The MRQ is 1.002. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.296. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.002TTM1.296-0.293
TTM1.296YOY1.258+0.037
TTM1.2965Y1.244+0.051
5Y1.24410Y1.210+0.035
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0021.604-0.602
TTM1.2961.550-0.254
YOY1.2581.448-0.190
5Y1.2441.530-0.286
10Y1.2101.244-0.034

1.3. Liquidity of SalMar ASA.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Salmar is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Farm Products industry mean).
  • A Current Ratio of 1.95 means the company has €1.95 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of SalMar ASA:

  • The MRQ is 1.954. The company is able to pay all its short-term debts. +1
  • The TTM is 1.858. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.954TTM1.858+0.097
TTM1.858YOY2.140-0.283
TTM1.8585Y2.035-0.177
5Y2.03510Y2.029+0.006
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9541.577+0.377
TTM1.8581.611+0.247
YOY2.1401.687+0.453
5Y2.0351.696+0.339
10Y2.0291.468+0.561
1.3.2. Quick Ratio

Measures if Salmar is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Salmar to the Farm Products industry mean.
  • A Quick Ratio of 0.24 means the company can pay off €0.24 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of SalMar ASA:

  • The MRQ is 0.241. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.153. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.241TTM0.153+0.089
TTM0.153YOY0.295-0.143
TTM0.1535Y0.241-0.089
5Y0.24110Y0.254-0.013
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2410.419-0.178
TTM0.1530.460-0.307
YOY0.2950.567-0.272
5Y0.2410.578-0.337
10Y0.2540.577-0.323

1.4. Solvency of SalMar ASA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Salmar assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Salmar to Farm Products industry mean.
  • A Debt to Asset Ratio of 0.60 means that Salmar assets are financed with 59.7% credit (debt) and the remaining percentage (100% - 59.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of SalMar ASA:

  • The MRQ is 0.597. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.614. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.597TTM0.614-0.017
TTM0.614YOY0.459+0.155
TTM0.6145Y0.485+0.129
5Y0.48510Y0.476+0.009
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5970.492+0.105
TTM0.6140.493+0.121
YOY0.4590.488-0.029
5Y0.4850.489-0.004
10Y0.4760.480-0.004
1.4.2. Debt to Equity Ratio

Measures if Salmar is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Salmar to the Farm Products industry mean.
  • A Debt to Equity ratio of 171.3% means that company has €1.71 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of SalMar ASA:

  • The MRQ is 1.713. The company is just able to pay all its debts with equity.
  • The TTM is 1.964. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.713TTM1.964-0.251
TTM1.964YOY0.999+0.965
TTM1.9645Y1.135+0.829
5Y1.13510Y1.053+0.082
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7130.931+0.782
TTM1.9640.978+0.986
YOY0.9990.960+0.039
5Y1.1351.021+0.114
10Y1.0531.062-0.009

2. Market Valuation of SalMar ASA

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Salmar generates.

  • Above 15 is considered overpriced but always compare Salmar to the Farm Products industry mean.
  • A PE ratio of 20.20 means the investor is paying €20.20 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of SalMar ASA:

  • The EOD is 25.916. Based on the earnings, the company is overpriced. -1
  • The MRQ is 20.204. Based on the earnings, the company is fair priced.
  • The TTM is -25.661. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD25.916MRQ20.204+5.712
MRQ20.204TTM-25.661+45.865
TTM-25.661YOY30.039-55.699
TTM-25.6615Y55.783-81.444
5Y55.78310Y44.791+10.992
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
EOD25.9166.644+19.272
MRQ20.2047.386+12.818
TTM-25.6617.351-33.012
YOY30.0396.965+23.074
5Y55.7837.950+47.833
10Y44.79112.928+31.863
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of SalMar ASA:

  • The EOD is 0.863. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 0.673. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.665. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.863MRQ0.673+0.190
MRQ0.673TTM0.665+0.008
TTM0.665YOY0.746-0.081
TTM0.6655Y1.358-0.693
5Y1.35810Y0.970+0.388
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
EOD0.8631.830-0.967
MRQ0.6731.901-1.228
TTM0.665-0.333+0.998
YOY0.746-0.462+1.208
5Y1.358-1.941+3.299
10Y0.970-1.618+2.588
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Salmar is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Farm Products industry mean).
  • A PB ratio of 0.32 means the investor is paying €0.32 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of SalMar ASA:

  • The EOD is 0.411. Based on the equity, the company is cheap. +2
  • The MRQ is 0.321. Based on the equity, the company is cheap. +2
  • The TTM is 0.246. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.411MRQ0.321+0.091
MRQ0.321TTM0.246+0.074
TTM0.246YOY0.474-0.228
TTM0.2465Y0.479-0.233
5Y0.47910Y0.490-0.011
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
EOD0.4111.295-0.884
MRQ0.3211.374-1.053
TTM0.2461.380-1.134
YOY0.4741.650-1.176
5Y0.4791.760-1.281
10Y0.4902.132-1.642
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of SalMar ASA compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---4.8234.915-198%4.607-205%4.389-210%5.285-191%
Book Value Per Share--147.976164.853-10%124.133+19%107.564+38%92.700+60%
Current Ratio--1.9541.858+5%2.140-9%2.035-4%2.029-4%
Debt To Asset Ratio--0.5970.614-3%0.459+30%0.485+23%0.476+25%
Debt To Equity Ratio--1.7131.964-13%0.999+72%1.135+51%1.053+63%
Dividend Per Share--0.0969.344-99%8.990-99%10.586-99%11.107-99%
Eps--0.587-0.129+122%0.633-7%0.356+65%0.386+52%
Free Cash Flow Per Share--17.6194.289+311%4.784+268%3.238+444%3.238+444%
Free Cash Flow To Equity Per Share---32.662-10.107-69%1.595-2147%-1.051-97%-1.051-97%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--746.271--------
Intrinsic Value_10Y_min--622.352--------
Intrinsic Value_1Y_max--17.873--------
Intrinsic Value_1Y_min--17.523--------
Intrinsic Value_3Y_max--97.073--------
Intrinsic Value_3Y_min--91.798--------
Intrinsic Value_5Y_max--228.561--------
Intrinsic Value_5Y_min--208.412--------
Market Cap8003562840.000+14%6883261390.6205684206032.170+21%7706915335.000-11%6318043116.934+9%5594744571.667+23%
Net Profit Margin--0.1320.055+142%0.218-39%0.176-25%0.202-34%
Operating Margin--0.3890.191+103%0.305+28%0.267+45%0.283+37%
Operating Ratio--1.0021.296-23%1.258-20%1.244-19%1.210-17%
Pb Ratio0.411+22%0.3210.246+30%0.474-32%0.479-33%0.490-35%
Pe Ratio25.916+22%20.204-25.661+227%30.039-33%55.783-64%44.791-55%
Price Per Share60.840+22%47.43040.010+19%58.585-19%47.388+0%42.072+13%
Price To Free Cash Flow Ratio0.863+22%0.6730.665+1%0.746-10%1.358-50%0.970-31%
Price To Total Gains Ratio-12.871-28%-10.034-3.892-61%5.667-277%3.667-374%3.361-399%
Quick Ratio--0.2410.153+58%0.295-18%0.241+0%0.254-5%
Return On Assets--0.0020.001+144%0.003-41%0.002-35%0.003-47%
Return On Equity--0.0050.002+167%0.006-23%0.005-7%0.006-23%
Total Gains Per Share---4.72714.259-133%13.597-135%14.975-132%16.392-129%
Usd Book Value--23229507500.00025204898034.275-8%17663938169.800+32%15655491911.140+48%13440614866.661+73%
Usd Book Value Change Per Share---5.2185.317-198%4.984-205%4.747-210%5.717-191%
Usd Book Value Per Share--160.066178.322-10%134.274+19%116.352+38%100.274+60%
Usd Dividend Per Share--0.10410.107-99%9.724-99%11.451-99%12.015-99%
Usd Eps--0.635-0.139+122%0.684-7%0.385+65%0.417+52%
Usd Free Cash Flow--2765906900.000736246124.600+276%680695961.950+306%370768413.735+646%264834581.239+944%
Usd Free Cash Flow Per Share--19.0594.639+311%5.174+268%3.503+444%3.503+444%
Usd Free Cash Flow To Equity Per Share---35.330-10.932-69%1.726-2147%-1.137-97%-1.137-97%
Usd Market Cap8657453924.028+14%7445623846.2346148605664.998+21%8336570317.870-11%6834227239.588+9%6051835203.172+23%
Usd Price Per Share65.811+22%51.30543.279+19%63.371-19%51.259+0%45.509+13%
Usd Profit--92130552.40039837320.303+131%90040624.060+2%62265609.757+48%63225166.987+46%
Usd Revenue--695562522.240615845959.918+13%426507628.339+63%387183711.327+80%347652275.040+100%
Usd Total Gains Per Share---5.11315.424-133%14.708-135%16.198-132%17.732-129%
 EOD+3 -5MRQTTM+19 -16YOY+14 -215Y+19 -1610Y+18 -17

3.2. Fundamental Score

Let's check the fundamental score of SalMar ASA based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1525.916
Price to Book Ratio (EOD)Between0-10.411
Net Profit Margin (MRQ)Greater than00.132
Operating Margin (MRQ)Greater than00.389
Quick Ratio (MRQ)Greater than10.241
Current Ratio (MRQ)Greater than11.954
Debt to Asset Ratio (MRQ)Less than10.597
Debt to Equity Ratio (MRQ)Less than11.713
Return on Equity (MRQ)Greater than0.150.005
Return on Assets (MRQ)Greater than0.050.002
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of SalMar ASA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.933
Ma 20Greater thanMa 5060.674
Ma 50Greater thanMa 10056.384
Ma 100Greater thanMa 20053.043
OpenGreater thanClose61.320
Total5/5 (100.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in EUR. All numbers in thousands.

Summary
Total Assets53,256,000
Total Liabilities31,781,000
Total Stockholder Equity18,553,000
 As reported
Total Liabilities 31,781,000
Total Stockholder Equity+ 18,553,000
Total Assets = 53,256,000

Assets

Total Assets53,256,000
Total Current Assets18,542,000
Long-term Assets34,714,000
Total Current Assets
Cash And Cash Equivalents 751,000
Net Receivables 2,290,000
Inventory 15,501,000
Total Current Assets  (as reported)18,542,000
Total Current Assets  (calculated)18,542,000
+/-0
Long-term Assets
Property Plant Equipment 13,520,000
Other Assets 1,000
Long-term Assets  (as reported)34,714,000
Long-term Assets  (calculated)13,521,000
+/- 21,193,000

Liabilities & Shareholders' Equity

Total Current Liabilities9,487,000
Long-term Liabilities22,294,000
Total Stockholder Equity18,553,000
Total Current Liabilities
Short Long Term Debt 1,287,000
Accounts payable 4,246,000
Other Current Liabilities 3,682,000
Total Current Liabilities  (as reported)9,487,000
Total Current Liabilities  (calculated)9,215,000
+/- 272,000
Long-term Liabilities
Long term Debt 13,707,000
Capital Lease Obligations Min Short Term Debt1,479,000
Other Liabilities 7,380,000
Long-term Liabilities Other 1,000
Long-term Liabilities  (as reported)22,294,000
Long-term Liabilities  (calculated)22,567,000
+/- 273,000
Total Stockholder Equity
Common Stock36,000
Retained Earnings 5,352,000
Other Stockholders Equity 986,000
Total Stockholder Equity (as reported)18,553,000
Total Stockholder Equity (calculated)6,374,000
+/- 12,179,000
Other
Capital Stock36,000
Common Stock Shares Outstanding 145,125
Net Debt 14,243,000
Net Invested Capital 33,547,000
Net Tangible Assets 144,000
Net Working Capital 9,055,000
Property Plant and Equipment Gross 13,520,000



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-31
> Total Assets 
13,401,686
12,958,200
12,830,300
13,438,000
12,926,246
13,462,500
13,469,400
14,314,400
15,135,564
16,649,700
17,083,300
17,367,600
17,986,057
18,608,100
19,258,700
21,700,500
21,998,194
22,881,000
23,913,000
27,255,000
28,085,251
29,117,000
31,678,000
32,176,000
62,500,963
62,481,000
63,867,000
53,256,000
53,256,00063,867,00062,481,00062,500,96332,176,00031,678,00029,117,00028,085,25127,255,00023,913,00022,881,00021,998,19421,700,50019,258,70018,608,10017,986,05717,367,60017,083,30016,649,70015,135,56414,314,40013,469,40013,462,50012,926,24613,438,00012,830,30012,958,20013,401,686
   > Total Current Assets 
6,393,350
5,799,700
5,419,400
5,877,400
5,315,649
5,816,000
5,448,700
6,249,000
6,924,623
6,921,500
7,258,700
7,309,300
7,490,289
7,527,100
7,745,100
7,964,800
7,918,172
8,519,000
8,999,000
10,069,000
10,244,238
10,681,000
12,342,000
12,129,000
28,947,000
28,238,000
29,109,000
18,542,000
18,542,00029,109,00028,238,00028,947,00012,129,00012,342,00010,681,00010,244,23810,069,0008,999,0008,519,0007,918,1727,964,8007,745,1007,527,1007,490,2897,309,3007,258,7006,921,5006,924,6236,249,0005,448,7005,816,0005,315,6495,877,4005,419,4005,799,7006,393,350
       Cash And Cash Equivalents 
273,715
218,400
224,200
193,600
177,098
489,100
157,100
489,400
239,596
142,300
363,900
197,800
143,218
197,600
192,200
169,300
79,909
206,000
484,000
670,000
780,846
1,025,000
1,073,000
787,000
154,629
1,000,000
784,000
751,000
751,000784,0001,000,000154,629787,0001,073,0001,025,000780,846670,000484,000206,00079,909169,300192,200197,600143,218197,800363,900142,300239,596489,400157,100489,100177,098193,600224,200218,400273,715
       Net Receivables 
821,261
830,900
844,800
779,000
702,539
895,600
892,900
732,200
862,735
622,300
735,600
665,900
925,499
1,318,600
1,099,600
933,300
748,478
1,391,000
1,100,000
1,310,000
1,316,500
1,759,000
1,548,000
1,593,000
2,077,000
1,676,000
2,059,000
2,290,000
2,290,0002,059,0001,676,0002,077,0001,593,0001,548,0001,759,0001,316,5001,310,0001,100,0001,391,000748,478933,3001,099,6001,318,600925,499665,900735,600622,300862,735732,200892,900895,600702,539779,000844,800830,900821,261
       Inventory 
5,221,784
4,750,400
4,350,400
4,904,800
4,394,573
4,431,300
4,398,600
5,027,300
5,765,550
5,837,400
5,865,300
6,117,000
6,189,538
6,010,900
6,453,300
6,862,200
6,669,789
6,922,000
7,416,000
8,089,000
7,928,044
7,898,000
9,721,000
9,749,000
12,685,000
13,176,000
14,217,000
15,501,000
15,501,00014,217,00013,176,00012,685,0009,749,0009,721,0007,898,0007,928,0448,089,0007,416,0006,922,0006,669,7896,862,2006,453,3006,010,9006,189,5386,117,0005,865,3005,837,4005,765,5505,027,3004,398,6004,431,3004,394,5734,904,8004,350,4004,750,4005,221,784
       Other Current Assets 
37,491
0
0
0
-100
0
100
100
0
0
0
0
137,767
0
100
0
353,864
0
-1,000
0
37,389
-1,000
0
0
11,472,000
0
12,049,000
0
012,049,000011,472,00000-1,00037,3890-1,0000353,86401000137,76700001001000-10000037,491
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
9,728,200
9,824,600
10,058,300
10,495,768
11,081,000
11,513,500
13,735,700
14,080,022
14,362,000
14,913,000
17,187,000
17,841,013
18,436,000
19,336,000
20,047,000
33,554,736
34,243,000
34,759,000
34,714,000
34,714,00034,759,00034,243,00033,554,73620,047,00019,336,00018,436,00017,841,01317,187,00014,913,00014,362,00014,080,02213,735,70011,513,50011,081,00010,495,76810,058,3009,824,6009,728,200000000000
       Property Plant Equipment 
3,137,522
3,239,400
3,420,700
3,578,900
3,604,770
3,578,000
3,596,000
3,590,700
3,591,490
4,374,400
4,487,800
4,721,700
4,939,621
5,135,800
5,681,800
5,943,700
6,402,795
6,650,000
7,097,000
7,653,000
8,010,049
8,268,000
8,729,000
9,229,000
12,517,826
13,111,000
13,510,000
13,520,000
13,520,00013,510,00013,111,00012,517,8269,229,0008,729,0008,268,0008,010,0497,653,0007,097,0006,650,0006,402,7955,943,7005,681,8005,135,8004,939,6214,721,7004,487,8004,374,4003,591,4903,590,7003,596,0003,578,0003,604,7703,578,9003,420,7003,239,4003,137,522
       Goodwill 
446,465
0
0
0
446,465
0
0
0
446,465
0
0
0
446,465
0
0
0
441,130
0
0
0
752,063
0
0
0
2,999,860
0
0
0
0002,999,860000752,063000441,130000446,465000446,465000446,465000446,465
       Long Term Investments 
908,689
990,900
1,060,300
1,052,500
1,024,189
1,056,900
1,041,800
1,085,900
1,189,365
809,800
790,500
755,100
814,200
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000814,200755,100790,500809,8001,189,3651,085,9001,041,8001,056,9001,024,1891,052,5001,060,300990,900908,689
       Intangible Assets 
2,464,332
2,928,200
2,929,900
2,929,200
2,478,510
3,011,500
3,383,000
3,388,900
2,957,486
4,544,000
4,546,300
4,581,500
4,295,468
0
0
0
6,385,102
0
0
0
7,778,407
0
0
0
15,291,193
0
0
0
00015,291,1930007,778,4070006,385,1020004,295,4684,581,5004,546,3004,544,0002,957,4863,388,9003,383,0003,011,5002,478,5102,929,2002,929,9002,928,2002,464,332
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
9,728,200
9,824,600
10,058,300
-4,369,923
-100
0
-100
-4
1,000
-1,000
0
-2
0
0
0
-2
0
0
1,000
1,00000-2000-20-1,0001,000-4-1000-100-4,369,92310,058,3009,824,6009,728,200000000000
> Total Liabilities 
6,720,853
5,826,100
6,465,900
6,104,200
5,258,118
5,086,100
6,492,900
6,394,700
5,995,721
6,126,800
8,387,800
8,367,000
8,245,957
8,251,400
7,753,000
9,683,300
11,011,292
11,239,200
11,039,000
12,799,300
12,602,075
12,474,000
15,365,000
15,296,000
38,346,200
37,081,000
41,692,000
31,781,000
31,781,00041,692,00037,081,00038,346,20015,296,00015,365,00012,474,00012,602,07512,799,30011,039,00011,239,20011,011,2929,683,3007,753,0008,251,4008,245,9578,367,0008,387,8006,126,8005,995,7216,394,7006,492,9005,086,1005,258,1186,104,2006,465,9005,826,1006,720,853
   > Total Current Liabilities 
2,785,995
2,535,500
2,813,500
3,218,500
2,739,897
2,595,700
2,753,100
3,853,000
3,435,174
3,188,000
3,069,000
3,828,300
3,247,958
3,989,500
3,746,500
4,899,000
4,736,427
4,277,000
3,544,000
4,673,000
4,686,079
4,681,000
5,689,000
6,303,000
16,898,000
15,911,000
14,633,000
9,487,000
9,487,00014,633,00015,911,00016,898,0006,303,0005,689,0004,681,0004,686,0794,673,0003,544,0004,277,0004,736,4274,899,0003,746,5003,989,5003,247,9583,828,3003,069,0003,188,0003,435,1743,853,0002,753,1002,595,7002,739,8973,218,5002,813,5002,535,5002,785,995
       Short-term Debt 
2,637,768
2,046,500
2,536,400
139,100
117,975
124,300
135,000
734,900
621,100
598,000
159,000
530,400
381,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000381,500530,400159,000598,000621,100734,900135,000124,300117,975139,1002,536,4002,046,5002,637,768
       Short Long Term Debt 
2,637,768
2,046,500
2,536,400
139,100
117,975
124,300
135,000
734,900
621,100
598,000
159,000
530,400
381,539
384,000
370,200
1,211,600
1,438,435
1,191,000
190,000
632,000
571,274
164,000
734,000
532,000
3,442,121
2,918,000
3,014,000
1,287,000
1,287,0003,014,0002,918,0003,442,121532,000734,000164,000571,274632,000190,0001,191,0001,438,4351,211,600370,200384,000381,539530,400159,000598,000621,100734,900135,000124,300117,975139,1002,536,4002,046,5002,637,768
       Accounts payable 
1,199,402
0
0
0
1,248,975
0
0
0
1,194,760
0
0
0
1,305,050
0
0
0
2,056,323
0
0
0
2,317,308
0
0
0
3,337,649
2,548,000
3,315,000
4,246,000
4,246,0003,315,0002,548,0003,337,6490002,317,3080002,056,3230001,305,0500001,194,7600001,248,9750001,199,402
       Other Current Liabilities 
1,000,297
2,372,900
2,597,400
2,873,700
755,007
2,471,400
2,417,500
3,118,100
819,194
2,457,000
2,775,200
3,174,600
633,169
3,468,400
3,223,000
3,537,900
559,903
2,911,000
3,161,300
3,850,000
770,321
4,320,000
4,739,000
5,529,000
13,183,000
4,307,000
8,023,000
3,682,000
3,682,0008,023,0004,307,00013,183,0005,529,0004,739,0004,320,000770,3213,850,0003,161,3002,911,000559,9033,537,9003,223,0003,468,400633,1693,174,6002,775,2002,457,000819,1943,118,1002,417,5002,471,400755,0072,873,7002,597,4002,372,9001,000,297
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
2,938,800
5,318,800
4,538,700
4,997,999
4,261,900
4,006,400
4,784,300
6,274,865
6,962,200
7,495,000
8,126,300
7,915,996
7,793,000
9,676,000
8,993,000
21,447,869
21,170,000
27,059,000
22,294,000
22,294,00027,059,00021,170,00021,447,8698,993,0009,676,0007,793,0007,915,9968,126,3007,495,0006,962,2006,274,8654,784,3004,006,4004,261,9004,997,9994,538,7005,318,8002,938,800000000000
       Capital Lease Obligations 
0
0
0
0
0
0
0
0
0
678,900
656,000
622,500
629,604
606,800
821,300
810,600
933,695
903,000
991,000
975,000
967,166
977,000
989,000
957,000
1,425,297
1,609,000
1,551,000
1,479,000
1,479,0001,551,0001,609,0001,425,297957,000989,000977,000967,166975,000991,000903,000933,695810,600821,300606,800629,604622,500656,000678,900000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
-100
-100
0
1
0
100
0
1
-800
1,000
-700
0
1,000
0
1,000
0
1,000
2,000
1,000
1,0002,0001,00001,00001,0000-7001,000-80010100010-100-100000000000
> Total Stockholder Equity
6,598,401
7,040,500
6,277,100
7,247,900
7,580,059
8,280,100
6,889,500
7,819,200
9,048,114
9,766,900
8,055,300
8,322,200
9,007,709
9,631,700
10,775,400
11,231,600
9,851,016
10,524,900
11,719,000
12,389,300
13,230,349
14,391,000
13,859,000
14,345,000
19,355,969
20,785,000
17,532,000
18,553,000
18,553,00017,532,00020,785,00019,355,96914,345,00013,859,00014,391,00013,230,34912,389,30011,719,00010,524,9009,851,01611,231,60010,775,4009,631,7009,007,7098,322,2008,055,3009,766,9009,048,1147,819,2006,889,5008,280,1007,580,0597,247,9006,277,1007,040,5006,598,401
   Common Stock
28,325
28,300
28,300
28,300
28,325
28,300
28,300
28,300
28,325
28,300
28,300
28,300
28,325
28,300
28,300
28,300
28,325
28,300
29,500
29,500
29,450
29,000
29,000
29,000
36,000
0
36,000
36,000
36,00036,000036,00029,00029,00029,00029,45029,50029,50028,30028,32528,30028,30028,30028,32528,30028,30028,30028,32528,30028,30028,30028,32528,30028,30028,30028,325
   Retained Earnings 
6,062,254
6,491,200
5,717,400
6,681,800
7,011,800
7,705,700
6,303,700
7,222,400
8,403,890
9,122,400
7,424,900
7,628,900
8,289,417
8,683,200
9,925,400
10,353,100
9,028,624
9,685,600
8,204,400
8,866,900
9,711,206
10,735,000
10,167,000
10,726,000
6,393,000
8,205,000
4,356,000
5,352,000
5,352,0004,356,0008,205,0006,393,00010,726,00010,167,00010,735,0009,711,2068,866,9008,204,4009,685,6009,028,62410,353,1009,925,4008,683,2008,289,4177,628,9007,424,9009,122,4008,403,8907,222,4006,303,7007,705,7007,011,8006,681,8005,717,4006,491,2006,062,254
   Capital Surplus 0000000000000000000000000000
   Treasury Stock0000000000000000000000000000
   Other Stockholders Equity 
92,782
105,900
116,300
122,700
124,837
131,000
142,300
153,400
200,753
201,000
186,900
249,800
274,776
504,900
406,500
435,000
378,839
393,900
383,000
390,900
387,758
525,000
561,000
488,000
746,000
0
961,000
986,000
986,000961,0000746,000488,000561,000525,000387,758390,900383,000393,900378,839435,000406,500504,900274,776249,800186,900201,000200,753153,400142,300131,000124,837122,700116,300105,90092,782



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in NOK. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue26,604,279
Cost of Revenue-11,723,414
Gross Profit14,880,86514,880,865
 
Operating Income (+$)
Gross Profit14,880,865
Operating Expense-19,764,367
Operating Income6,839,912-4,883,502
 
Operating Expense (+$)
Research Development-
Selling General Administrative-
Selling And Marketing Expenses-
Operating Expense19,764,3670
 
Net Interest Income (+$)
Interest Income-
Interest Expense--
Other Finance Cost-981,078
Net Interest Income-981,078
 
Pretax Income (+$)
Operating Income6,839,912
Net Interest Income-981,078
Other Non-Operating Income Expenses-
Income Before Tax (EBT)6,083,0326,839,912
EBIT - interestExpense = 0
1,720,955
1,720,955
Interest Expense-
Earnings Before Interest and Taxes (EBIT)-6,083,032
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax6,083,032
Tax Provision-4,773,996
Net Income From Continuing Ops1,309,0361,309,036
Net Income1,720,955
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-981,078
 

Technical Analysis of Salmar
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Salmar. The general trend of Salmar is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Salmar's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of SalMar ASA.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 62.16.

The bearish price targets are: 59.92 > 55.98 > 53.54.

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SalMar ASA Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of SalMar ASA. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

SalMar ASA Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of SalMar ASA. The current macd is 1.30951571.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Salmar price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Salmar. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Salmar price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
SalMar ASA Daily Moving Average Convergence/Divergence (MACD) ChartSalMar ASA Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of SalMar ASA. The current adx is 43.15.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Salmar shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
SalMar ASA Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of SalMar ASA. The current sar is 60.33.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
SalMar ASA Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of SalMar ASA. The current rsi is 62.93. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
SalMar ASA Daily Relative Strength Index (RSI) ChartSalMar ASA Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of SalMar ASA. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Salmar price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
SalMar ASA Daily Stochastic Oscillator ChartSalMar ASA Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of SalMar ASA. The current cci is 59.48.

SalMar ASA Daily Commodity Channel Index (CCI) ChartSalMar ASA Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of SalMar ASA. The current cmo is 15.98.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
SalMar ASA Daily Chande Momentum Oscillator (CMO) ChartSalMar ASA Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of SalMar ASA. The current willr is -58.92857143.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Salmar is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
SalMar ASA Daily Williams %R ChartSalMar ASA Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of SalMar ASA.

SalMar ASA Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of SalMar ASA. The current atr is 0.67822808.

SalMar ASA Daily Average True Range (ATR) ChartSalMar ASA Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of SalMar ASA. The current obv is -67,278.

SalMar ASA Daily On-Balance Volume (OBV) ChartSalMar ASA Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of SalMar ASA. The current mfi is 19.08.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -2/(-2 +2).

  • MFI < 50: -1
  • MFI < 20: -1
SalMar ASA Daily Money Flow Index (MFI) ChartSalMar ASA Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for SalMar ASA.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-09 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-10 00:00:00BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-13 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-01 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-06 00:00:00MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-11 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-12 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-13 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-14 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-15 00:00:00MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-18 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-19 00:00:00MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-20 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-21 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-22 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-28 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-02 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-03 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-04 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-10 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-16 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-19 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-23 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-26 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-30 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-31 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-01 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-05 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-07 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-08 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-09 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-13 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-14 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-15 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-16 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-20 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-21 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-22 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-01 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-04 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-06 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-08 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-18 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-20 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-21 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22 00:00:00RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-25 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-26 00:00:00RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-28 00:00:00MFI SHORT ENTRY LONG CLOSE20 crossover to downside

6.3. Candlestick Patterns

SalMar ASA Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of SalMar ASA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.933
Ma 20Greater thanMa 5060.674
Ma 50Greater thanMa 10056.384
Ma 100Greater thanMa 20053.043
OpenGreater thanClose61.320
Total5/5 (100.0%)
Penke

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