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Salmon Evolution ASA is a land-based salmon farming company in Norway that uses hybrid flow-through system technology. Its production facility is in Indre Haroy, Norway, providing access to an experienced workforce, established infrastructure, renewable energy, and unlimited fresh seawater. The company has two reportable segments which is Farming Norway and Other. Farming Norway includes Salmon Evolution Norway AS, Salmon Evolution Dale AS, and Salmon Evolution Sales AS, while the Other segment covers revenue and costs not attributable to the farming segment.
2020
81
LTM Revenue $46.8M
LTM EBITDA $7.7M
$341M
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Salmon Evolution has a last 12-month revenue (LTM) of $46.8M and a last 12-month EBITDA of $7.7M.
In the most recent fiscal year, Salmon Evolution achieved revenue of $45.7M and an EBITDA of $8.0M.
Salmon Evolution expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Salmon Evolution valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $46.8M | XXX | $45.7M | XXX | XXX | XXX |
| Gross Profit | $22.5M | XXX | $29.0M | XXX | XXX | XXX |
| Gross Margin | 48% | XXX | 63% | XXX | XXX | XXX |
| EBITDA | $7.7M | XXX | $8.0M | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 18% | XXX | XXX | XXX |
| EBIT | -$0.3M | XXX | -$0.5M | XXX | XXX | XXX |
| EBIT Margin | -1% | XXX | -1% | XXX | XXX | XXX |
| Net Profit | -$5.4M | XXX | -$4.6M | XXX | XXX | XXX |
| Net Margin | -11% | XXX | -10% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $29.5M | XXX | XXX | XXX |
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As of May 30, 2025, Salmon Evolution's stock price is NOK 6 (or $1).
Salmon Evolution has current market cap of NOK 2.9B (or $281M), and EV of NOK 3.5B (or $341M).
See Salmon Evolution trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $341M | $281M | XXX | XXX | XXX | XXX | $-0.01 |
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Start Free TrialAs of May 30, 2025, Salmon Evolution has market cap of $281M and EV of $341M.
Salmon Evolution's trades at 7.5x EV/Revenue multiple, and 42.5x EV/EBITDA.
Equity research analysts estimate Salmon Evolution's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Salmon Evolution has a P/E ratio of -52.3x.
See valuation multiples for Salmon Evolution and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $281M | XXX | $281M | XXX | XXX | XXX |
| EV (current) | $341M | XXX | $341M | XXX | XXX | XXX |
| EV/Revenue | 7.3x | XXX | 7.5x | XXX | XXX | XXX |
| EV/EBITDA | 44.4x | XXX | 42.5x | XXX | XXX | XXX |
| EV/EBIT | -1014.8x | XXX | -737.5x | XXX | XXX | XXX |
| EV/Gross Profit | 15.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | -52.3x | XXX | -60.7x | XXX | XXX | XXX |
| EV/FCF | -4.6x | XXX | -10.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialSalmon Evolution's last 12 month revenue growth is 25%
Salmon Evolution's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.4M for the same period.
Salmon Evolution's rule of 40 is -17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Salmon Evolution's rule of X is 80% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Salmon Evolution and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 25% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 110% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -17% | XXX | 43% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 80% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 64% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Fertiglobe | XXX | XXX | XXX | XXX | XXX | XXX |
| Hydratec Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| Brazil Potash | XXX | XXX | XXX | XXX | XXX | XXX |
| House of Agriculture | XXX | XXX | XXX | XXX | XXX | XXX |
| Gujarat State Fertilizers & Chemicals | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Salmon Evolution acquired XXX companies to date.
Last acquisition by Salmon Evolution was XXXXXXXX, XXXXX XXXXX XXXXXX . Salmon Evolution acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Salmon Evolution founded? | Salmon Evolution was founded in 2020. |
| Where is Salmon Evolution headquartered? | Salmon Evolution is headquartered in Norway. |
| How many employees does Salmon Evolution have? | As of today, Salmon Evolution has 81 employees. |
| Who is the CEO of Salmon Evolution? | Salmon Evolution's CEO is Mr. Trond Hakon Schaug-Pettersen. |
| Is Salmon Evolution publicy listed? | Yes, Salmon Evolution is a public company listed on OSL. |
| What is the stock symbol of Salmon Evolution? | Salmon Evolution trades under SALME ticker. |
| When did Salmon Evolution go public? | Salmon Evolution went public in 2020. |
| Who are competitors of Salmon Evolution? | Similar companies to Salmon Evolution include e.g. Fertiglobe, Hydratec Industries, Brazil Potash, House of Agriculture. |
| What is the current market cap of Salmon Evolution? | Salmon Evolution's current market cap is $281M |
| What is the current revenue of Salmon Evolution? | Salmon Evolution's last 12 months revenue is $46.8M. |
| What is the current revenue growth of Salmon Evolution? | Salmon Evolution revenue growth (NTM/LTM) is 25%. |
| What is the current EV/Revenue multiple of Salmon Evolution? | Current revenue multiple of Salmon Evolution is 7.3x. |
| Is Salmon Evolution profitable? | Yes, Salmon Evolution is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Salmon Evolution? | Salmon Evolution's last 12 months EBITDA is $7.7M. |
| What is Salmon Evolution's EBITDA margin? | Salmon Evolution's last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of Salmon Evolution? | Current EBITDA multiple of Salmon Evolution is 44.4x. |
| What is the current FCF of Salmon Evolution? | Salmon Evolution's last 12 months FCF is -$74.3M. |
| What is Salmon Evolution's FCF margin? | Salmon Evolution's last 12 months FCF margin is -159%. |
| What is the current EV/FCF multiple of Salmon Evolution? | Current FCF multiple of Salmon Evolution is -4.6x. |
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