Ferretti Dividends and Buybacks
Dividend criteria checks 3/6
Ferretti is a dividend paying company with a current yield of 3.77% that is well covered by earnings.
Key information
3.8%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 3.9% |
| Dividend Growth | 30.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 41% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Jul 22
9638: Board Dispute And New Leadership Will Support Long Term Upside
Analysts have revised their HK$ fair value estimate for Ferretti from HK$43.58 to HK$47.54, reflecting updated assumptions on revenue growth, profit margins, discount rates, and future P/E expectations. What’s in the News for Ferretti Azur a.s. (KKCG Maritime) filed a writ of summons with the Court of Bologna seeking nullification or annulment of AGM resolutions on Ferretti’s new Board, Board size, and Board of Statutory Auditors, and requested interim relief to suspend their effectiveness, according to company disclosures.Narrative Update • Jun 25
9638: Governance Dispute And New Dividend Policy Will Support Long Term Upside
Analysts have trimmed their Ferretti price target to HK$43.58 from HK$45.74, as slightly higher discount rates and a modestly lower assumed future P/E multiple offset largely unchanged revenue growth and profit margin expectations. What’s in the News for Ferretti KKCG Maritime filed a writ of summons in the Court of Bologna challenging the AGM resolutions on Ferretti S.p.A.'s new Board, its size, and the Board of Statutory Auditors.Narrative Update • Jun 09
9638: Tender Offer And Governance Reset Will Support Dividend And Long Term Upside
Analysts have trimmed their HK$ fair value estimate for Ferretti from HK$46.97 to HK$45.74, reflecting slightly lower assumptions for revenue growth, profit margins and future P/E multiples in their updated models. What's in the News KKCG Maritime completed a voluntary partial tender offer for Ferretti, acquiring an additional 8.74% stake for about €120 million and raising its holding to 23.25% of the company’s share capital.Narrative Update • May 26
9638: Tender Offer Outcome Will Shape Governance Shift And Supportive Dividend Outlook
Analysts have adjusted their fair value estimate for Ferretti from about HK$42.49 to roughly HK$46.97, reflecting updated assumptions on revenue growth, profit margins, discount rate and future P/E multiples. What's in the News KKCG Maritime completed the acquisition of an additional 8.74% stake in Ferretti for approximately €120 million, increasing its holding to 78,641,625 shares (23.25% of Ferretti's share capital) after a tender offer that ran from March 16 to April 13, 2026 (Key Developments).Narrative Update • Apr 28
9638: Tender Offer, Governance Slate And Dividend Will Shape Fairly Valued Outlook
Analysts have trimmed their price target for Ferretti to about HK$42.49 from around HK$45.34. They cited slightly higher discount rate assumptions and a lower future P/E multiple, while keeping revenue growth and profit margin expectations broadly unchanged.Narrative Update • Apr 08
9638: Cancelled Tender Offer And Dividend Will Shape Fairly Valued Outlook
Analysts have nudged their Ferretti price target higher from HK$41.92 to HK$45.34, reflecting updated assumptions for slightly stronger revenue, a modestly higher profit margin and a small adjustment to the future P/E multiple. What's in the News KKCG Maritime cancelled its planned acquisition of an additional 15.4% stake in Ferretti S.p.A. for approximately €200m revised maximum consideration, after Ferretti's board described the improved €3.90 per share offer as not fair and not reasonable and advised shareholders to reject it (Key Developments).Narrative Update • Mar 25
9638: Rising Stake Tender Offer Will Support Future Upside Potential
Analysts have lifted their price target for Ferretti from HK$40.93 to HK$41.92, reflecting updated assumptions around fair value, discount rate and future P/E while keeping revenue growth and profit margin expectations broadly consistent. What's in the News KKCG Maritime agreed to acquire an additional 15.4% stake in Ferretti S.p.A. for approximately €180 million at €3.50 per share on a cum dividend basis, which would raise its holding from 14.5% to 29.9%, with funding coming from internal resources.Narrative Update • Mar 10
9638: Rising Stake Tender Offer Will Support Long Term Upside
Analysts have trimmed their HK$ fair value estimate for Ferretti from about HK$41.53 to around HK$40.93, citing slightly softer assumptions for revenue growth and profit margins. This is partly balanced by a marginally lower discount rate and a modestly higher future P/E outlook.Narrative Update • Feb 24
9638: Rising Stake And Upcoming Board Decisions Will Support Long Term Upside
Analysts have trimmed their HK$ fair value estimate for Ferretti from about HK$41.99 to about HK$41.53, reflecting slightly more conservative assumptions on the discount rate, revenue growth, profit margin and future P/E. What's in the News Board meeting on February 24, 2026 to consider approval of the preliminary consolidated results as at December 31, 2025 and other business matters (company filing).Narrative Update • Feb 07
9638: Rising Stake Acquisition Will Support A Stronger Long Term Outlook
Narrative Update: Ferretti Analyst Price Target Shift Analysts now see Ferretti’s fair value at about €42 per share, up from roughly €37. This reflects updated views on a slightly lower discount rate, higher revenue growth assumptions, a modestly adjusted profit margin outlook, and a marginally higher future P/E multiple.Analysis Article • Jan 26
An Intrinsic Calculation For Ferretti S.p.A. (HKG:9638) Suggests It's 39% Undervalued
Key Insights The projected fair value for Ferretti is HK$62.04 based on 2 Stage Free Cash Flow to Equity Ferretti is...Analysis Article • Jan 07
Ferretti S.p.A.'s (HKG:9638) Share Price Could Signal Some Risk
It's not a stretch to say that Ferretti S.p.A.'s ( HKG:9638 ) price-to-earnings (or "P/E") ratio of 12.2x right now...Analysis Article • Jun 11
There's Been No Shortage Of Growth Recently For Ferretti's (HKG:9638) Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • May 28
Ferretti S.p.A.'s (HKG:9638) 27% Share Price Surge Not Quite Adding Up
Ferretti S.p.A. ( HKG:9638 ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...Analysis Article • May 06
Shareholders May Not Be So Generous With Ferretti S.p.A.'s (HKG:9638) CEO Compensation And Here's Why
Key Insights Ferretti to hold its Annual General Meeting on 13th of May CEO Alberto Galassi's total compensation...Analysis Article • Apr 23
We Think That There Are Some Issues For Ferretti (HKG:9638) Beyond Its Promising Earnings
Ferretti S.p.A.'s ( HKG:9638 ) healthy profit numbers didn't contain any surprises for investors. We believe that...
New Narrative • Feb 18
Riva Residenze And INFYNITO Series Expected To Boost Competitive Edge
Ferretti's focus on high-margin yacht segments and residential luxury is set to enhance revenue stability, diversify streams, and elevate earnings.Analysis Article • May 25
With EPS Growth And More, Ferretti (HKG:9638) Makes An Interesting Case
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • May 08
Investors Will Want Ferretti's (HKG:9638) Growth In ROCE To Persist
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Apr 17
What Ferretti S.p.A.'s (HKG:9638) P/E Is Not Telling You
With a price-to-earnings (or "P/E") ratio of 11.9x Ferretti S.p.A. ( HKG:9638 ) may be sending bearish signals at the...Analysis Article • Mar 24
Ferretti's (HKG:9638) Earnings Are Weaker Than They Seem
Ferretti S.p.A.'s ( HKG:9638 ) robust earnings report didn't manage to move the market for its stock. We did some...Analysis Article • Feb 13
Is Now The Time To Put Ferretti (HKG:9638) On Your Watchlist?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Jan 06
Ferretti (HKG:9638) Might Have The Makings Of A Multi-Bagger
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...Analysis Article • Sep 28
Ferretti (HKG:9638) Shareholders Will Want The ROCE Trajectory To Continue
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Aug 11
Ferretti's (HKG:9638) Solid Earnings Have Been Accounted For Conservatively
Ferretti S.p.A.'s ( HKG:9638 ) solid earnings announcement recently didn't do much to the stock price. Our analysis...Analysis Article • Aug 05
Is There An Opportunity With Ferretti S.p.A.'s (HKG:9638) 21% Undervaluation?
Today we will run through one way of estimating the intrinsic value of Ferretti S.p.A. ( HKG:9638 ) by taking the...Analysis Article • Jul 06
There's Reason For Concern Over Ferretti S.p.A.'s (HKG:9638) Price
Ferretti S.p.A.'s ( HKG:9638 ) price-to-earnings (or "P/E") ratio of 21.9x might make it look like a strong sell right...Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 9638 has been paying a dividend for less than 10 years.
Growing Dividend: 9638's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Ferretti Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (9638) | 3.8% |
| Market Bottom 25% (HK) | 3.0% |
| Market Top 25% (HK) | 7.3% |
| Industry Average (Leisure) | 7.7% |
| Analyst forecast (9638) (up to 3 years) | 3.9% |
Notable Dividend: 9638's dividend (3.77%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.05%).
High Dividend: 9638's dividend (3.77%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.38%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41.4%), 9638's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (51.5%), 9638's dividend payments are covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/23 02:04 |
| End of Day Share Price | 2026/07/23 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ferretti S.p.A. is covered by 13 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Carmen Novel | Banca Akros S.p.A. (ESN) |
| Anna Frontani | Berenberg |
| null null | China International Capital Corporation Limited |