Valuation of SalMar ASA
Journal: BIBSYS Brage (BIBSYS (Norway))
Year: 2017

This thesis examines the fair value per share of SalMar ASA, a Norwegian salmon farming company, at 3 rd of May 2017.The analysis has been performed using fundamental and relative valuation methods.Future cash flows are forecasted using key value drivers identified and analyzed in a thorough strategic and historical performance analysis.The value per share is derived by discounting future cash flows at a weighted average cost of capital before subtracting debt and non-equity claims.At last the s