(SFER) Salvatore Ferragamo SpA - Overview
Sector: Consumer Cyclical | Industry: Luxury Goods | Exchange: MI (Italy) | Market Cap: 1.276m EUR | Total Return: 36% in 12m
Avg Turnover: 4.40M
Qual. Beats: 0
Rev. Trend: 77.2%
Qual. Beats: 0
Warnings
Choppy
Tailwinds
No distinct edge detected
Salvatore Ferragamo S.p.A. is a Florence-based luxury goods manufacturer specializing in high-end footwear, leather goods, apparel, and accessories. The company operates a vertically integrated business model, controlling production and global distribution through a network of mono-brand boutiques, department stores, and e-commerce platforms.
The luxury goods sector is characterized by high price elasticity and a reliance on brand equity to maintain premium margins. Ferragamo maintains its market position through Made in Italy craftsmanship, a designation that serves as a significant barrier to entry and a key value driver in the global apparel and accessories industry.
The firms product portfolio extends beyond its core leather business into licensed categories such as eyewear, watches, and fragrances. This diversification allows the brand to capture a wider demographic while leveraging its established heritage in the luxury market.
Investors should review the detailed fundamental metrics on ValueRay to better understand the companys valuation.
Founded in 1927, the company remains under the control of Ferragamo Finanziaria S.p.A. It manages a complex international supply chain serving major markets across Europe, North America, and the Asia Pacific region.
- Brand elevation strategy success impacts operating margins and full-price sell-through rates
- Chinese luxury demand fluctuations drive significant revenue volatility in Asia Pacific
- Direct-to-consumer channel expansion dictates gross margin performance and inventory turnover
- Creative direction shifts influence footwear and leather goods market share retention
- Global tourism recovery levels determine travel retail sales and duty-free contributions
| Net Income: -117.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 7.31 > 1.0 |
| NWC/Revenue: 13.46% < 20% (prev 30.15%; Δ -16.69% < -1%) |
| CFO/TA 0.21 > 3% & CFO 312.9m > Net Income -117.5m |
| Net Debt (610.7m) to EBITDA (587.0m): 1.04 < 3 |
| Current Ratio: 1.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (165.7m) vs 12m ago -0.04% < -2% |
| Gross Margin: 69.84% > 18% (prev 0.73%; Δ 6.91k% > 0.5%) |
| Asset Turnover: 121.3% > 50% (prev 63.78%; Δ 57.50% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
| A: 0.18 (Total Current Assets 669.5m - Total Current Liabilities 398.8m) / Total Assets 1.50b |
| B: 0.41 (Retained Earnings 615.1m / Total Assets 1.50b) |
| C: -0.04 (EBIT TTM -70.4m / Avg Total Assets 1.66b) |
| D: 0.69 (Book Value of Equity 632.0m / Total Liabilities 913.2m) |
| Altman-Z'' = 2.95 = A |
| DSRI: 0.28 (Receivables 59.4m/122.4m, Revenue 2.01b/1.16b) |
| GMI: 1.04 (GM 69.84% / 72.60%) |
| AQI: 1.16 (AQ_t 0.13 / AQ_t-1 0.11) |
| SGI: 1.74 (Revenue 2.01b / 1.16b) |
| TATA: -0.29 (NI -117.5m - CFO 312.9m) / TA 1.50b) |
| Beneish M = -3.25 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at EUR 7.70 with a total of 629,972 shares traded.
Over the past week, the price has changed by +16.49%,
over one month by +0.20%,
over three months by +9.22% and
over the past year by +36.04%.
Salvatore Ferragamo SpA has no consensus analysts rating.
P/E Forward = 217.3913
P/S = 1.3064
P/B = 2.1071
P/EG = 0.8492
Revenue TTM = 2.01b EUR
EBIT TTM = -70.4m EUR
EBITDA TTM = 587.0m EUR
Long Term Debt = 465.6m EUR (from longTermDebtTotal, last quarter)
Short Term Debt = 89.6m EUR (from shortLongTermDebt, two quarters ago)
Debt = 611.7m EUR (Leases only: 611.7m)
Net Debt = 610.7m EUR (calculated: Debt 611.7m - CCE 1.01m)
Enterprise Value = 1.89b EUR (1.28b + Debt 611.7m - CCE 1.01m)
Interest Coverage Ratio = unknown (Ebit TTM -70.4m / Interest Expense TTM 0.0)
EV/FCF = 11.84x (Enterprise Value 1.89b / FCF TTM 159.3m)
FCF Yield = 8.45% (FCF TTM 159.3m / Enterprise Value 1.89b)
FCF Margin = 7.92% (FCF TTM 159.3m / Revenue TTM 2.01b)
Net Margin = -5.84% (Net Income TTM -117.5m / Revenue TTM 2.01b)
Gross Margin = 69.84% ((Revenue TTM 2.01b - Cost of Revenue TTM 606.6m) / Revenue TTM)
Gross Margin QoQ = 68.48% (prev 67.70%)
Tobins Q-Ratio = 1.25 (Enterprise Value 1.89b / Total Assets 1.50b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 611.7m)
Taxrate = 34.16% (4.32m / 12.7m)
NOPAT = -46.4m (EBIT -70.4m * (1 - 34.16%)) [loss with tax shield]
Current Ratio = 1.68 (Total Current Assets 669.5m / Total Current Liabilities 398.8m)
Debt / Equity = 1.03 (Debt 611.7m / totalStockholderEquity, last quarter 591.3m)
Debt / EBITDA = 1.04 (Net Debt 610.7m / EBITDA 587.0m)
Debt / FCF = 3.83 (Net Debt 610.7m / FCF TTM 159.3m)
Total Stockholder Equity = 628.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -7.08% (Net Income -117.5m / Total Assets 1.50b)
RoE = -18.70% (Net Income TTM -117.5m / Total Stockholder Equity 628.5m)
RoCE = -6.44% (EBIT -70.4m / Capital Employed (Equity 628.5m + L.T.Debt 465.6m))
RoIC = -4.20% (negative operating profit) (NOPAT -46.4m / Invested Capital 1.10b)
WACC = 6.62% (E(1.28b)/V(1.89b) * Re(9.80%) + D(611.7m)/V(1.89b) * Rd(0.0%) * (1-Tc(0.34)))
Discount Rate = 9.80% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -58.20 | Cagr: -0.75%
[DCF] Terminal Value 77.97% ; FCFF base≈119.4m ; Y1≈136.8m ; Y5≈201.4m
[DCF] Fair Price = 14.61 (EV 3.03b - Net Debt 610.7m = Equity 2.42b / Shares 165.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 77.25 | Revenue CAGR: 16.51% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.04 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=0.03 | Chg30d=-15.63% | Revisions=+14% | GrowthEPS=+185.2% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=0.17 | Chg30d=+5.36% | Revisions=+25% | GrowthEPS=+385.5% | GrowthRev=+5.2%
[Analyst] Revisions Ratio: +25%