- Salmar’s 3rd quarter operating revenue reached NOK6.16 billion, exceeding the estimate of NOK6.08 billion.
- Diluted Earnings Per Share came in at NOK2.20, falling short of the estimated NOK3.80.
- Operating Ebit was reported at NOK1.04 billion, slightly higher than the estimated NOK1.02 billion.
- The profit attributable to Salmar ASA holders was NOK285 million, underperforming against the estimate of NOK583.8 million.
- Operating profit totaled NOK1.18 billion, surpassing the estimate of NOK1.03 billion.
- Scottish Sea Farms increased its volume guidance for 2024 by 3,000 tonnes, bringing the expected total to 40,000 tonnes (on a 100% basis).
- The company’s solid structure allows it to handle challenging periods effectively, making the recent financial results acceptable despite some challenges at sea.
- Investor sentiment shows 9 buy ratings, 5 hold ratings, and 1 sell rating for Salmar.
A look at Salmar ASA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assessed Salmar ASA‘s long-term outlook using the Smart Scores system, which rates the company across various factors. Salmar ASA shows promising signs with above-average scores in Dividend, Growth, Resilience, and Momentum. A high score in Dividend indicates a strong dividend-paying potential, while Growth and Momentum scores suggest positive future growth and market momentum. With a solid score in Resilience, the company is deemed to have a good ability to withstand market challenges.
Salmar ASA, an operator in the fisheries industry specializing in salmon production, appears to have a favorable outlook based on the Smart Scores evaluation. Their activities in sea farming, fish processing, and trading of fish and shellfish position them well for continued growth and profitability in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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