SFER Stock Analysis: Salvatore Ferragamo | MI
Luxury Goods | MI, Italy | Market Cap: 1.737m EUR | 12M Return: 88.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.52M
Qual. Beats: 0
Rev. Trend: 77.2%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Salvatore Ferragamo S.p.A. is an Italian luxury goods company headquartered in Florence, founded in 1927 and controlled by Ferragamo Finanziaria S.p.A. as a subsidiary. The company designs, produces, and sells mens and womens products across footwear, leather goods (handbags, luggage, wallets, belts), ready-to-wear (including knitwear, formal wear, outerwear, and sportswear), made-to-measure garments, silk and other accessories, eyewear, watches, jewelry, and fragrances. It also operates a real estate management business alongside its core luxury activities.
Geographically, Ferragamo serves customers across Europe, North America, Japan, the Asia Pacific, and Central and South America. Its distribution model is omnichannel, combining directly operated Salvatore Ferragamo single-brand stores, third-party channels such as department stores and multi-brand specialty retailers, and an e-commerce platform, all sold under the single Salvatore Ferragamo brand.
As a player in the global personal luxury market, the company competes within the Made in Italy luxury segment alongside other heritage houses, where brand heritage, craftsmanship, and direct retail control are central to the business model. Apparel, accessories, and luxury goods companies in this space typically rely on a mix of wholesale and directly operated retail, with footwear and leather goods historically representing the largest and most economically important categories for Ferragamo.
- Asia Pacific sales decline on China luxury demand softness
- Footwear category leads revenue as leather goods segment underperforms
- Operating margin pressured by retail expansion and brand repositioning costs
| Net Income: -49.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.64 > 1.0 |
| NWC/Revenue: 27.72% < 20% (prev 27.02%; Δ 0.70% < -1%) |
| CFO/TA 0.07 > 3% & CFO 100.7m > Net Income -49.4m |
| Net Debt (582.3m) to EBITDA (120.0m): 4.85 < 3 |
| Current Ratio: 1.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (165.7m) vs 12m ago -0.04% < -2% |
| Gross Margin: 68.10% > 18% (prev 71.49%; Δ -3.39% > 0.5%) |
| Asset Turnover: 60.93% > 50% (prev 60.86%; Δ 0.07% > 0%) |
| Interest Coverage Ratio: -0.86 > 6 (EBIT TTM -21.4m / Interest Expense TTM 24.9m) |
| 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: -0.01 (EBIT TTM -21.4m / Avg Total Assets 1.60b) |
| D: 0.65 (Book Value of Equity 591.3m / Total Liabilities 913.2m) |
| Altman-Z'' = 3.10 = A |
| DSRI: 0.74 (Receivables 59.4m/84.6m, Revenue 976.5m/1.04b) |
| GMI: 1.05 (GM 71.49% / 68.10%) |
| AQI: 1.09 (AQ_t 0.13 / AQ_t-1 0.12) |
| SGI: 0.94 (Revenue 976.5m / 1.04b) |
| TATA: -0.10 (NI -49.4m - CFO 100.7m) / TA 1.50b) |
| Beneish M = -3.19 (Cap -4..+1) = AA |
As of July 10, 2026, the stock is trading at EUR 9.95 with a total of 317,017 shares traded. Over the past week, the price has changed by -2.74%, over one month by +5.51%, over three months by +30.41% and over the past year by +88.63%.
Current recommended Stop Loss: 9.30 (which is 6.5% or 1.4 ATR below the current price).
Salvatore Ferragamo has no consensus analysts rating.
P/E Forward = 294.1176
P/S = 1.778
P/B = 2.884
P/EG = 1.2773
Revenue TTM = 976.5m EUR
EBIT TTM = -21.4m EUR
EBITDA TTM = 120.0m EUR
Long Term Debt = 465.6m EUR (from longTermDebtTotal, last quarter)
Short Term Debt = 104.3m EUR (from shortLongTermDebt, last quarter)
Debt = 583.3m EUR (Leases only: 583.3m)
Net Debt = 582.3m EUR (calculated: Debt 583.3m - CCE 1.01m)
Enterprise Value = 2.32b EUR (1.74b + Debt 583.3m - CCE 1.01m)
Interest Coverage Ratio = -0.86 (Ebit TTM -21.4m / Interest Expense TTM 24.9m)
EV/FCF = 36.39x (Enterprise Value 2.32b / FCF TTM 63.7m)
FCF Yield = 2.75% (FCF TTM 63.7m / Enterprise Value 2.32b)
FCF Margin = 6.53% (FCF TTM 63.7m / Revenue TTM 976.5m)
Net Margin = -5.06% (Net Income TTM -49.4m / Revenue TTM 976.5m)
Gross Margin = 68.10% ((Revenue TTM 976.5m - Cost of Revenue TTM 311.5m) / Revenue TTM)
Gross Margin QoQ = 68.48% (prev 67.70%)
Tobins Q-Ratio = 1.54 (Enterprise Value 2.32b / Total Assets 1.50b)
Interest Expense / Debt = 4.26% (Interest Expense 24.9m / Debt 583.3m)
Taxrate = 34.16% (4.32m / 12.7m)
NOPAT = -14.1m (EBIT -21.4m * (1 - 34.16%)) [loss with tax shield]
Current Ratio = 1.68 (Total Current Assets 669.5m / Total Current Liabilities 398.8m)
Debt / Equity = 0.99 (Debt 583.3m / totalStockholderEquity, last quarter 591.3m)
Debt / EBITDA = 4.85 (Net Debt 582.3m / EBITDA 120.0m)
Debt / FCF = 9.14 (Net Debt 582.3m / FCF TTM 63.7m)
Total Stockholder Equity = 628.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.08% (Net Income -49.4m / Total Assets 1.50b)
RoE = -7.86% (Net Income TTM -49.4m / Total Stockholder Equity 628.5m)
RoCE = -1.96% (EBIT -21.4m / Capital Employed (Equity 628.5m + L.T.Debt 465.6m))
RoIC = -1.28% (negative operating profit) (NOPAT -14.1m / Invested Capital 1.10b)
WACC = 8.05% (E(1.74b)/V(2.32b) * Re(9.81%) + D(583.3m)/V(2.32b) * Rd(4.26%) * (1-Tc(0.34)))
Discount Rate = 9.81% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -58.20 | Cagr: -0.75%
[DCF] Terminal Value 73.10% ; FCFF base≈78.2m ; Y1≈68.6m ; Y5≈55.4m
[DCF] Fair Price = 1.85 (EV 889.3m - Net Debt 582.3m = Equity 307.0m / 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 Year (2026-12-31): EPS=0.05 | Chg30d=N/A | Revisions=+17% | GrowthEPS=+214.4% | GrowthRev=+0.5%
EPS next Year (2027-12-31): EPS=0.17 | Chg30d=+3.94% | Revisions=+40% | GrowthEPS=+275.6% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: +38% (up=4, down=1)