The resource rent tax implication on SalMar ASA's fundamental value

Abstract

Our master's thesis aims to assess the influence of the proposed resource rent tax on the fundamental value of SalMar ASA, worlds´s second-largest salmon farming company. We will conduct a comprehensive valuation analysis, considering both the presence and absence of the resource rent tax. Our study is based on the consultation memorandum dated 28.09.22 and the government's legislative proposal regarding resource rent tax on aquaculture as of 28.03.23. We have chosen to focus on SalMar because it experienced significant repercussions in the form of a substantial decline in share price when the proposed resource rent taxation was announced. Our source of motivation for writing about the subject of valuation comes through several engaging electives related to corporate valuation, making this research not only academically valuable but also applicable to future working careers.