Salvatore Ferragamo S.p.A., through its subsidiaries, creates, produces, and sells luxury goods for men and women worldwide.
Flawless balance sheet with moderate growth potential.
Share Price & News
How has Salvatore Ferragamo's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SFER's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SFER underperformed the Italian Luxury industry which returned -21.3% over the past year.
Return vs Market: SFER underperformed the Italian Market which returned 5.1% over the past year.
Price Volatility Vs. Market
How volatile is Salvatore Ferragamo's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StDid Changing Sentiment Drive Salvatore Ferragamo's (BIT:SFER) Share Price Down By 37%?
1 month ago | Simply Wall StShould You Think About Buying Salvatore Ferragamo S.p.A. (BIT:SFER) Now?
1 month ago | Simply Wall StSalvatore Ferragamo (BIT:SFER) Seems To Use Debt Quite Sensibly
Is Salvatore Ferragamo undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SFER (€14.33) is trading below our estimate of fair value (€19.93)
Significantly Below Fair Value: SFER is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SFER is poor value based on its PE Ratio (28.7x) compared to the Luxury industry average (13.6x).
PE vs Market: SFER is poor value based on its PE Ratio (28.7x) compared to the Italian market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: SFER is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: SFER is overvalued based on its PB Ratio (3.3x) compared to the IT Luxury industry average (1.2x).
How is Salvatore Ferragamo forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SFER's forecast earnings growth (10.5% per year) is above the savings rate (1.2%).
Earnings vs Market: SFER's earnings (10.5% per year) are forecast to grow faster than the Italian market (10.1% per year).
High Growth Earnings: SFER's earnings are forecast to grow, but not significantly.
Revenue vs Market: SFER's revenue (4.2% per year) is forecast to grow faster than the Italian market (4.2% per year).
High Growth Revenue: SFER's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SFER's Return on Equity is forecast to be low in 3 years time (12.7%).
How has Salvatore Ferragamo performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SFER has high quality earnings.
Growing Profit Margin: SFER's current net profit margins (6.2%) are lower than last year (7.4%).
Past Earnings Growth Analysis
Earnings Trend: SFER's earnings have declined by -12.7% per year over the past 5 years.
Accelerating Growth: SFER's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SFER had negative earnings growth (-16.1%) over the past year, making it difficult to compare to the Luxury industry average (-11.5%).
Return on Equity
High ROE: SFER's Return on Equity (11.4%) is considered low.
How is Salvatore Ferragamo's financial position?
Financial Position Analysis
Short Term Liabilities: SFER's short term assets (€768.6M) exceed its short term liabilities (€431.3M).
Long Term Liabilities: SFER's short term assets (€768.6M) exceed its long term liabilities (€619.1M).
Debt to Equity History and Analysis
Debt Level: SFER's debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: SFER's debt to equity ratio has reduced from 28% to 6.3% over the past 5 years.
Debt Coverage: SFER's debt is well covered by operating cash flow (500.2%).
Interest Coverage: SFER's interest payments on its debt are well covered by EBIT (12.2x coverage).
Inventory Level: SFER has a high level of physical assets or inventory.
Debt Coverage by Assets: SFER's debt is covered by short term assets (assets are 16x debt).
What is Salvatore Ferragamo's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SFER's dividend (2.37%) is higher than the bottom 25% of dividend payers in the Italian market (2.09%).
High Dividend: SFER's dividend (2.37%) is low compared to the top 25% of dividend payers in the Italian market (4.69%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SFER has been paying a dividend for less than 10 years.
Growing Dividend: SFER's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (68.2%), SFER's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SFER's dividends in 3 years are forecast to be covered by earnings (56.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Micaela Le Divelec Lemmi (51yo)
Ms. Micaela Le Divelec Lemmi has been the Chief Executive Officer and an Executive Director at Salvatore Ferragamo SpA since July 31, 2018 and was its Chief Corporate Officer and Strategic Manager April 20 ...
CEO Compensation Analysis
Compensation vs Market: Micaela's total compensation ($USD1.07M) is below average for companies of similar size in the Italian market ($USD2.24M).
Compensation vs Earnings: Insufficient data to compare Micaela's compensation with company performance.
|Executive Chairman||13.5yrs||€1.14m||no data|
|CEO & Executive Director||1.6yrs||€978.00k||no data|
|CFO & Strategic Manager||1.1yrs||no data||no data|
|Group Investor Relations||0yrs||no data||no data|
|Chief Marketing Officer||1.7yrs||no data||no data|
Experienced Management: SFER's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
|Executive Chairman||13.5yrs||€1.14m||no data|
|CEO & Executive Director||1.6yrs||€978.00k||no data|
|Non-Executive Director||0yrs||€285.00k||no data|
|Lead Independent Director||0yrs||€73.00k||no data|
|Non Executive Director||0yrs||€200.00k||no data|
|Non-Executive Director||0yrs||€40.00k||no data|
|Independent Non-Executive Director||8.7yrs||€73.00k||no data|
|Non-Executive Director||0yrs||€121.00k||no data|
|Vice Chairman & Strategic Manager||1.8yrs||€697.00k||no data|
|Chairman of Statutory Board||2.8yrs||no data||no data|
Experienced Board: SFER's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Salvatore Ferragamo S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: Salvatore Ferragamo S.p.A.
- Ticker: SFER
- Exchange: BIT
- Founded: 1927
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: €2.410b
- Shares outstanding: 168.64m
- Website: https://www.ferragamo.com
Number of Employees
- Salvatore Ferragamo S.p.A.
- Via Tornabuoni, 2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SFER||BIT (Borsa Italiana)||Yes||Ordinary Shares||IT||EUR||Jun 2011|
|0P52||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jun 2011|
|SFRG.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jun 2011|
|SFERM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jun 2011|
|S9L||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2011|
|SFER||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Jun 2011|
|SFER N||BMV (Bolsa Mexicana de Valores)||Yes||Ordinary Shares||MX||MXN||Jun 2011|
|SFRG.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Mar 2013|
Salvatore Ferragamo S.p.A., through its subsidiaries, creates, produces, and sells luxury goods for men and women worldwide. The company offers men’s and women’s footwear; leather goods, such as handbags, suitcases, belts, wallets, and other men’s and women’s leather accessories; and knitwear, clothes for formal occasions, outerwear, formal wear, sportswear, and leisure wear. It also provides silk accessories, including ties, foulards, scarves, etc.; home accessories comprising plaid throws, cushions, and beach towels; costume jewellery; and other accessories consisting of shawls and gloves. In addition, the company develops and distributes perfumes under the Salvatore Ferragamo and Emanuel Ungaro brands, as well as fragrances and body care products; and jewellery. Further, it offers men’s and ladies sunglasses and prescription glasses; and watches. As of June 30, 2019, the company operated a network of 661 points of sales, including 397 directly operated stores and 264 third party operated stores in the wholesale and travel retail channel, as well as department stores and high-level multi-brand specialty stores. The company was formerly known as Salvatore Ferragamo Italia S.p.A. and changed its name to Salvatore Ferragamo S.p.A. in April 2011. Salvatore Ferragamo S.p.A. was founded in 1927 and is based in Florence, Italy. Salvatore Ferragamo S.p.A. is a subsidiary of Ferragamo Finanziaria S.p.A.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 21:38|
|End of Day Share Price||2020/02/28 00:00|
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 here.