View ValuationSalvatore Ferragamo 将来の成長Future 基準チェック /36Salvatore Ferragamo利益と収益がそれぞれ年間41.2%と4.5%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に8.2% 40.5%なると予測されています。主要情報41.2%収益成長率40.53%EPS成長率Luxury 収益成長16.5%収益成長率4.5%将来の株主資本利益率8.17%アナリストカバレッジGood最終更新日07 Aug 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • Aug 04First half 2026 earnings releasedFirst half 2026 results: Revenue: €467.8m (down 1.3% from 1H 2025). Net income: €1.42m (up €59.1m from 1H 2025). Profit margin: 0.3% (up from net loss in 1H 2025). The move to profitability was driven by lower expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Luxury industry in Europe.Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-Executive Non-Independent Director Ernesto Greco was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Dec 22+ 1 more updateSalvatore Ferragamo S.p.A. to Report First Half, 2026 Results on Aug 03, 2026Salvatore Ferragamo S.p.A. announced that they will report first half, 2026 results on Aug 03, 2026お知らせ • Mar 17Salvatore Ferragamo S.p.A., Annual General Meeting, Apr 16, 2025Salvatore Ferragamo S.p.A., Annual General Meeting, Apr 16, 2025, at 09:30 W. Europe Standard Time.お知らせ • Sep 23+ 1 more updateSalvatore Ferragamo S.p.A. to Report Fiscal Year 2024 Results on Mar 06, 2025Salvatore Ferragamo S.p.A. announced that they will report fiscal year 2024 results on Mar 06, 2025Buy Or Sell Opportunity • Sep 20Now 23% overvaluedOver the last 90 days, the stock has fallen 27% to €6.48. The fair value is estimated to be €5.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 43%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 37% per annum over the same time period.Board Change • May 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non Executive Director Laura Donnini was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • May 13Upcoming dividend of €0.10 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (0.7%).New Risk • Apr 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.3% net profit margin).Declared Dividend • Mar 11Dividend reduced to €0.10Dividend of €0.10 is 64% lower than last year. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 0.9%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (152% earnings payout ratio). However, it is well covered by cash flows (36% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 69% to bring the payout ratio under control. EPS is expected to grow by 3.6% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Mar 10Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.16b (down 7.6% from FY 2022). Net income: €26.1m (down 63% from FY 2022). Profit margin: 2.3% (down from 5.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Europe.お知らせ • Dec 27Salvatore Ferragamo S.p.A. to Report Fiscal Year 2023 Results on Mar 06, 2024Salvatore Ferragamo S.p.A. announced that they will report fiscal year 2023 results on Mar 06, 2024お知らせ • Oct 27+ 1 more updateSalvatore Ferragamo S.p.A. (BIT:SFER) and Ferragamo Hong Kong Ltd. entered into an agreement to acquire 24.8% stake in Ferragamo Retail Macau Limited from Imaginex Overseas Limited and Imaginex Holdings Limited.Salvatore Ferragamo S.p.A. (BIT:SFER) and Ferragamo Hong Kong Ltd. entered into an agreement to acquire 24.8% stake in Ferragamo Retail Macau Limited from Imaginex Overseas Limited and Imaginex Holdings Limited on October 25, 2023. Post the transaction, Salvatore Ferragamo and Ferragamo Hong Kong will become the sole shareholders of Ferragamo Retail Macau. In a related transaction, Salvatore Ferragamo S.p.A. (BIT:SFER) and Ferragamo Hong Kong Ltd. is also acquiring 2 other entities and the total consideration for the transactions is $42 million and will be settled from available cash resources. The board of directors of Salvatore Ferragamo unanimously approved the transaction. The transfer is not conditional upon any authorization by any authorities and closing will take place within November 9, 2023. EY Advisory SpA acted as the financial advisor to Salvatore Ferragamo S.p.A. (BIT:SFER) and Ferragamo Hong Kong Ltd.お知らせ • Oct 26+ 3 more updatesSalvatore Ferragamo S.p.A. to Report First Half, 2024 Results on Aug 01, 2024Salvatore Ferragamo S.p.A. announced that they will report first half, 2024 results on Aug 01, 2024New Risk • Aug 07New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.5% Last year net profit margin: 8.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (152% payout ratio). Profit margins are more than 30% lower than last year (2.5% net profit margin).Reported Earnings • Aug 06First half 2023 earnings releasedFirst half 2023 results: Revenue: €600.1m (down 4.8% from 1H 2022). Net income: €22.5m (down 64% from 1H 2022). Profit margin: 3.7% (down from 9.8% in 1H 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 15Upcoming dividend of €0.28 per share at 1.8% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.8%).Reported Earnings • Mar 04Full year 2022 earnings released: EPS: €0.42 (vs €0.50 in FY 2021)Full year 2022 results: EPS: €0.42 (down from €0.50 in FY 2021). Revenue: €1.25b (up 10% from FY 2021). Net income: €69.6m (down 17% from FY 2021). Profit margin: 5.6% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. CEO & Director Marco Gobbetti was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 13+ 1 more updateSalvatore Ferragamo S.p.A. to Report First Half, 2023 Results on Aug 03, 2023Salvatore Ferragamo S.p.A. announced that they will report first half, 2023 results on Aug 03, 2023Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: €0.045 (vs €0.041 in 3Q 2021)Third quarter 2022 results: EPS: €0.045 (up from €0.041 in 3Q 2021). Revenue: €290.4m (up 11% from 3Q 2021). Net income: €7.41m (up 8.6% from 3Q 2021). Profit margin: 2.6% (in line with 3Q 2021). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Reported Earnings • Sep 08Second quarter 2022 earnings released: EPS: €0.29 (vs €0.20 in 2Q 2021)Second quarter 2022 results: EPS: €0.29 (up from €0.20 in 2Q 2021). Revenue: €340.8m (up 22% from 2Q 2021). Net income: €47.9m (up 50% from 2Q 2021). Profit margin: 14% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 16Upcoming dividend of €0.34 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (1.6%).Board Change • Apr 27High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. CEO & Director Marco Gobbetti was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 10Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.50 (up from €0.39 loss in FY 2020). Revenue: €1.14b (up 24% from FY 2020). Net income: €83.8m (up €150.2m from FY 2020). Profit margin: 7.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 4.9% growth forecast for the industry in Germany.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to €14.82, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Luxury industry in Europe. Total loss to shareholders of 4.4% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €13.59 per share.Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €0.041 (vs €0.086 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €261.5m (up 17% from 3Q 2020). Net income: €6.82m (up €21.4m from 3Q 2020). Profit margin: 2.6% (up from net loss in 3Q 2020).Reported Earnings • Sep 14Second quarter 2021 earnings released: EPS €0.20 (vs €0.25 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €279.2m (up 97% from 2Q 2020). Net income: €31.9m (up €74.8m from 2Q 2020). Profit margin: 11% (up from net loss in 2Q 2020).Reported Earnings • May 16First quarter 2021 earnings released: €0.007 loss per share (vs €0.23 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: €244.7m (up 10% from 1Q 2020). Net loss: €1.24m (loss narrowed 97% from 1Q 2020).Reported Earnings • Mar 11Full year 2020 earnings released: €0.39 loss per share (vs €0.52 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €915.8m (down 34% from FY 2019). Net loss: €66.4m (down 176% from profit in FY 2019).Is New 90 Day High Low • Mar 11New 90-day high: €17.16The company is up 15% from its price of €14.91 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.26 per share.Analyst Estimate Surprise Post Earnings • Mar 11Revenue misses expectationsRevenue missed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 20%, compared to a 9.6% growth forecast for the Luxury industry in Germany.Is New 90 Day High Low • Jan 28New 90-day high: €16.17The company is up 53% from its price of €10.60 on 30 October 2020. The German market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.44 per share.Is New 90 Day High Low • Dec 05New 90-day high: €15.35The company is up 27% from its price of €12.11 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.91 per share.Analyst Estimate Surprise Post Earnings • Nov 12Revenue beats expectationsRevenue exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 9.3%, compared to a 12% growth forecast for the Luxury industry in Germany.Is New 90 Day High Low • Oct 31New 90-day low: €10.60The company is down 9.0% from its price of €11.66 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.78 per share.Is New 90 Day High Low • Oct 10New 90-day high: €13.14The company is up 14% from its price of €11.51 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share.Reported Earnings • Sep 18First half earnings releasedOver the last 12 months the company has reported total losses of €52.7m, with earnings decreasing by €141.6m from the prior year. Total revenue was €1.05b over the last 12 months, down 24% from the prior year.業績と収益の成長予測DB:S9L - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20281,068451131991312/31/20271,02430941791512/31/20269738128187146/30/202697010141189N/A3/31/2026973-20102149N/A12/31/2025977-4964109N/A9/30/2025981-9059115N/A6/30/2025986-13255121N/A3/31/20251,011-10078146N/A12/31/20241,035-68100171N/A9/30/20241,057-2981154N/A6/30/20241,079961137N/A3/31/20241,1181853127N/A12/31/20231,1562646118N/A9/30/20231,2092566136N/A6/30/20231,22231128183N/A3/31/20231,26267181240N/A12/31/20221,25270211267N/A9/30/20221,271110300348N/A6/30/20221,242111304352N/A3/31/20221,19099307352N/A12/31/20211,13684332376N/A9/30/20211,07572270311N/A6/30/20211,03749221253N/A3/31/2021890-30139169N/A12/31/2020877-675988N/A9/30/2020970-693973N/A6/30/20201,036-534797N/A3/31/20201,28238N/A185N/A12/31/20191,37787N/A250N/A9/30/20191,36984N/A241N/A6/30/20191,37889N/A229N/A3/31/20191,36089N/A202N/A12/31/20181,34788N/A186N/A9/30/20181,360100N/A189N/A6/30/20181,34998N/A226N/A3/31/20181,388115N/A236N/A12/31/20171,393119N/A279N/A9/30/20171,429172N/A262N/A6/30/20171,446190N/A248N/A3/31/20171,426180N/A196N/A12/31/20161,438202N/A162N/A9/30/20161,423173N/A172N/A6/30/20161,418175N/A178N/A3/31/20161,424176N/A194N/A12/31/20151,430173N/A197N/A9/30/20151,396159N/A183N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: S9Lの予測収益成長率 (年間41.2% ) は 貯蓄率 ( 2.1% ) を上回っています。収益対市場: S9Lの収益 ( 41.2% ) はGerman市場 ( 15.3% ) よりも速いペースで成長すると予測されています。高成長収益: S9Lの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: S9Lの収益 ( 4.5% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: S9Lの収益 ( 4.5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: S9Lの 自己資本利益率 は、3年後には低くなると予測されています ( 8.2 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/17 14:09終値2026/08/14 00:00収益2026/06/30年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Salvatore Ferragamo S.p.A. 15 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。39 アナリスト機関Carmen NovelBanca Akros S.p.A. (ESN)Helen BrandBarclaysCarole MadjoBarclays36 その他のアナリストを表示
Reported Earnings • Aug 04First half 2026 earnings releasedFirst half 2026 results: Revenue: €467.8m (down 1.3% from 1H 2025). Net income: €1.42m (up €59.1m from 1H 2025). Profit margin: 0.3% (up from net loss in 1H 2025). The move to profitability was driven by lower expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Luxury industry in Europe.
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-Executive Non-Independent Director Ernesto Greco was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 22+ 1 more updateSalvatore Ferragamo S.p.A. to Report First Half, 2026 Results on Aug 03, 2026Salvatore Ferragamo S.p.A. announced that they will report first half, 2026 results on Aug 03, 2026
お知らせ • Mar 17Salvatore Ferragamo S.p.A., Annual General Meeting, Apr 16, 2025Salvatore Ferragamo S.p.A., Annual General Meeting, Apr 16, 2025, at 09:30 W. Europe Standard Time.
お知らせ • Sep 23+ 1 more updateSalvatore Ferragamo S.p.A. to Report Fiscal Year 2024 Results on Mar 06, 2025Salvatore Ferragamo S.p.A. announced that they will report fiscal year 2024 results on Mar 06, 2025
Buy Or Sell Opportunity • Sep 20Now 23% overvaluedOver the last 90 days, the stock has fallen 27% to €6.48. The fair value is estimated to be €5.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 43%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 37% per annum over the same time period.
Board Change • May 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non Executive Director Laura Donnini was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • May 13Upcoming dividend of €0.10 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (0.7%).
New Risk • Apr 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.3% net profit margin).
Declared Dividend • Mar 11Dividend reduced to €0.10Dividend of €0.10 is 64% lower than last year. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 0.9%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (152% earnings payout ratio). However, it is well covered by cash flows (36% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 69% to bring the payout ratio under control. EPS is expected to grow by 3.6% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Mar 10Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.16b (down 7.6% from FY 2022). Net income: €26.1m (down 63% from FY 2022). Profit margin: 2.3% (down from 5.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Europe.
お知らせ • Dec 27Salvatore Ferragamo S.p.A. to Report Fiscal Year 2023 Results on Mar 06, 2024Salvatore Ferragamo S.p.A. announced that they will report fiscal year 2023 results on Mar 06, 2024
お知らせ • Oct 27+ 1 more updateSalvatore Ferragamo S.p.A. (BIT:SFER) and Ferragamo Hong Kong Ltd. entered into an agreement to acquire 24.8% stake in Ferragamo Retail Macau Limited from Imaginex Overseas Limited and Imaginex Holdings Limited.Salvatore Ferragamo S.p.A. (BIT:SFER) and Ferragamo Hong Kong Ltd. entered into an agreement to acquire 24.8% stake in Ferragamo Retail Macau Limited from Imaginex Overseas Limited and Imaginex Holdings Limited on October 25, 2023. Post the transaction, Salvatore Ferragamo and Ferragamo Hong Kong will become the sole shareholders of Ferragamo Retail Macau. In a related transaction, Salvatore Ferragamo S.p.A. (BIT:SFER) and Ferragamo Hong Kong Ltd. is also acquiring 2 other entities and the total consideration for the transactions is $42 million and will be settled from available cash resources. The board of directors of Salvatore Ferragamo unanimously approved the transaction. The transfer is not conditional upon any authorization by any authorities and closing will take place within November 9, 2023. EY Advisory SpA acted as the financial advisor to Salvatore Ferragamo S.p.A. (BIT:SFER) and Ferragamo Hong Kong Ltd.
お知らせ • Oct 26+ 3 more updatesSalvatore Ferragamo S.p.A. to Report First Half, 2024 Results on Aug 01, 2024Salvatore Ferragamo S.p.A. announced that they will report first half, 2024 results on Aug 01, 2024
New Risk • Aug 07New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.5% Last year net profit margin: 8.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (152% payout ratio). Profit margins are more than 30% lower than last year (2.5% net profit margin).
Reported Earnings • Aug 06First half 2023 earnings releasedFirst half 2023 results: Revenue: €600.1m (down 4.8% from 1H 2022). Net income: €22.5m (down 64% from 1H 2022). Profit margin: 3.7% (down from 9.8% in 1H 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 15Upcoming dividend of €0.28 per share at 1.8% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.8%).
Reported Earnings • Mar 04Full year 2022 earnings released: EPS: €0.42 (vs €0.50 in FY 2021)Full year 2022 results: EPS: €0.42 (down from €0.50 in FY 2021). Revenue: €1.25b (up 10% from FY 2021). Net income: €69.6m (down 17% from FY 2021). Profit margin: 5.6% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. CEO & Director Marco Gobbetti was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 13+ 1 more updateSalvatore Ferragamo S.p.A. to Report First Half, 2023 Results on Aug 03, 2023Salvatore Ferragamo S.p.A. announced that they will report first half, 2023 results on Aug 03, 2023
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: €0.045 (vs €0.041 in 3Q 2021)Third quarter 2022 results: EPS: €0.045 (up from €0.041 in 3Q 2021). Revenue: €290.4m (up 11% from 3Q 2021). Net income: €7.41m (up 8.6% from 3Q 2021). Profit margin: 2.6% (in line with 3Q 2021). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • Sep 08Second quarter 2022 earnings released: EPS: €0.29 (vs €0.20 in 2Q 2021)Second quarter 2022 results: EPS: €0.29 (up from €0.20 in 2Q 2021). Revenue: €340.8m (up 22% from 2Q 2021). Net income: €47.9m (up 50% from 2Q 2021). Profit margin: 14% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 16Upcoming dividend of €0.34 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (1.6%).
Board Change • Apr 27High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. CEO & Director Marco Gobbetti was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 10Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.50 (up from €0.39 loss in FY 2020). Revenue: €1.14b (up 24% from FY 2020). Net income: €83.8m (up €150.2m from FY 2020). Profit margin: 7.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 4.9% growth forecast for the industry in Germany.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to €14.82, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Luxury industry in Europe. Total loss to shareholders of 4.4% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €13.59 per share.
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €0.041 (vs €0.086 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €261.5m (up 17% from 3Q 2020). Net income: €6.82m (up €21.4m from 3Q 2020). Profit margin: 2.6% (up from net loss in 3Q 2020).
Reported Earnings • Sep 14Second quarter 2021 earnings released: EPS €0.20 (vs €0.25 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €279.2m (up 97% from 2Q 2020). Net income: €31.9m (up €74.8m from 2Q 2020). Profit margin: 11% (up from net loss in 2Q 2020).
Reported Earnings • May 16First quarter 2021 earnings released: €0.007 loss per share (vs €0.23 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: €244.7m (up 10% from 1Q 2020). Net loss: €1.24m (loss narrowed 97% from 1Q 2020).
Reported Earnings • Mar 11Full year 2020 earnings released: €0.39 loss per share (vs €0.52 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €915.8m (down 34% from FY 2019). Net loss: €66.4m (down 176% from profit in FY 2019).
Is New 90 Day High Low • Mar 11New 90-day high: €17.16The company is up 15% from its price of €14.91 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.26 per share.
Analyst Estimate Surprise Post Earnings • Mar 11Revenue misses expectationsRevenue missed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 20%, compared to a 9.6% growth forecast for the Luxury industry in Germany.
Is New 90 Day High Low • Jan 28New 90-day high: €16.17The company is up 53% from its price of €10.60 on 30 October 2020. The German market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.44 per share.
Is New 90 Day High Low • Dec 05New 90-day high: €15.35The company is up 27% from its price of €12.11 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.91 per share.
Analyst Estimate Surprise Post Earnings • Nov 12Revenue beats expectationsRevenue exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 9.3%, compared to a 12% growth forecast for the Luxury industry in Germany.
Is New 90 Day High Low • Oct 31New 90-day low: €10.60The company is down 9.0% from its price of €11.66 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.78 per share.
Is New 90 Day High Low • Oct 10New 90-day high: €13.14The company is up 14% from its price of €11.51 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share.
Reported Earnings • Sep 18First half earnings releasedOver the last 12 months the company has reported total losses of €52.7m, with earnings decreasing by €141.6m from the prior year. Total revenue was €1.05b over the last 12 months, down 24% from the prior year.