Financials Salvatore Ferragamo S.p.A.

Equities

SFER

IT0004712375

Apparel & Accessories

Real-time Borsa Italiana 10:25:58 2024-05-03 am EDT 5-day change 1st Jan Change
9.625 EUR +1.96% Intraday chart for Salvatore Ferragamo S.p.A. +3.89% -21.17%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,162 2,675 3,799 2,728 2,021 1,563 - -
Enterprise Value (EV) 1 3,666 3,104 4,024 2,932 2,021 2,028 2,043 2,099
P/E ratio 36.3 x -40.3 x 45.3 x 39.4 x 77.8 x 67.6 x 37.9 x 28.2 x
Yield 1.81% - 1.51% 1.7% - 0.83% 1.42% 2.06%
Capitalization / Revenue 2.3 x 2.92 x 3.35 x 2.18 x 1.75 x 1.43 x 1.35 x 1.26 x
EV / Revenue 2.66 x 3.39 x 3.54 x 2.34 x 1.75 x 1.85 x 1.76 x 1.69 x
EV / EBITDA 10.9 x 19.4 x 13.2 x 9.81 x 8.03 x 9.16 x 8.09 x 7.52 x
EV / FCF 19.7 x 53 x 12.1 x 13.9 x - 12.4 x 14.1 x 17.5 x
FCF Yield 5.09% 1.89% 8.24% 7.2% - 8.09% 7.1% 5.72%
Price to Book 4.14 x 3.86 x 4.95 x 3.63 x - 2.21 x 2.07 x 2.04 x
Nbr of stocks (in thousands) 168,640 168,640 168,640 165,414 165,529 165,529 - -
Reference price 2 18.75 15.86 22.53 16.49 12.21 9.440 9.440 9.440
Announcement Date 3/10/20 3/9/21 3/8/22 3/2/23 3/6/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,377 915.8 1,136 1,252 1,156 1,096 1,161 1,238
EBITDA 1 335.5 160.2 304.5 298.9 251.8 221.5 252.6 279.1
EBIT 1 149.7 -61.5 143.5 127.9 72.02 58.32 84.88 104.4
Operating Margin 10.87% -6.72% 12.64% 10.22% 6.23% 5.32% 7.31% 8.43%
Earnings before Tax (EBT) 1 117.1 -79.8 122.6 101.2 45.58 35.82 62.77 83.37
Net income 1 87.3 -66.4 78.65 69.6 26.06 24.17 43.13 57.63
Net margin 6.34% -7.25% 6.93% 5.56% 2.25% 2.21% 3.72% 4.65%
EPS 2 0.5170 -0.3940 0.4970 0.4190 0.1570 0.1397 0.2488 0.3352
Free Cash Flow 1 186.4 58.52 331.6 211.2 - 164 145 120
FCF margin 13.54% 6.39% 29.21% 16.87% - 14.97% 12.49% 9.69%
FCF Conversion (EBITDA) 55.57% 36.53% 108.9% 70.66% - 74.05% 57.4% 42.99%
FCF Conversion (Net income) 213.57% - 421.68% 303.46% - 678.45% 336.22% 208.23%
Dividend per Share 2 0.3400 - 0.3400 0.2800 - 0.0784 0.1341 0.1942
Announcement Date 3/10/20 3/9/21 3/8/22 3/2/23 3/6/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1
Net sales 1 376.5 539.3 523.8 261.5 350.2 611.7 289.4 340.8 630.3 290.4 331.1 600.1 244.1 312.1 - 239.9 268.3 523.2 270.3 269.3 544.7 -
EBITDA 29.7 130.5 144.3 57.6 102.6 - 65.68 113.8 179.5 61.81 57.58 133.6 - - 118.2 - - - - - - -
EBIT 1 -74.4 12.9 65.9 18.6 58.98 77.58 23.62 71.76 95.39 18.47 14.04 46.97 - - 25.05 16.1 15.1 22 17.1 16.1 25 -
Operating Margin -19.76% 2.39% 12.58% 7.11% 16.84% 12.68% 8.16% 21.06% 15.13% 6.36% 4.24% 7.83% - - - 6.71% 5.63% 4.2% 6.33% 5.98% 4.59% -
Earnings before Tax (EBT) 1 -93.4 15.7 56 12.9 53.68 - 20.2 68.01 - 11.39 1.601 34.12 - - 11.47 8.973 6.973 - 10.97 8.973 - -
Net income 1 -81.9 15.5 30.7 6.8 41.11 - 13.68 47.91 61.59 7.383 0.627 22.48 - - 3.575 6.152 2.152 - 10.15 6.152 - -
Net margin -21.75% 2.87% 5.86% 2.6% 11.74% - 4.72% 14.06% 9.77% 2.54% 0.19% 3.75% - - - 2.56% 0.8% - 3.76% 2.28% - -
EPS 2 -0.4860 - - 0.0410 0.2740 - 0.0820 0.2870 0.3690 0.0450 0.005000 0.1360 - - - 0.0371 0.0130 0.0700 0.0613 0.0371 0.0400 -
Dividend per Share 2 - - - - - - - - - - 0.2800 - - - - 0.0236 0.0236 - 0.0236 0.0236 - 0.0326
Announcement Date 9/15/20 3/9/21 9/7/21 11/9/21 3/8/22 3/8/22 5/11/22 9/6/22 9/6/22 11/9/22 3/2/23 8/3/23 12/6/23 3/6/24 3/6/24 - - - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 504 429 224 204 - 465 480 536
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.504 x 2.681 x 0.7371 x 0.6828 x - 2.1 x 1.9 x 1.92 x
Free Cash Flow 1 186 58.5 332 211 - 164 145 120
ROE (net income / shareholders' equity) 11.5% -9.11% 10.8% 9.18% - 3.23% 5.86% 7.27%
ROA (Net income/ Total Assets) 6.27% -3.95% 4.69% 3.9% - 1.65% 3.17% 3.9%
Assets 1 1,392 1,682 1,678 1,784 - 1,465 1,362 1,478
Book Value Per Share 2 4.530 4.110 4.550 4.550 - 4.280 4.550 4.630
Cash Flow per Share 2 1.480 0.5200 2.230 1.610 - 0.8500 1.080 -
Capex 1 63.5 29.8 44.5 55.9 - 75.4 80.2 88.9
Capex / Sales 4.61% 3.26% 3.92% 4.46% - 6.88% 6.91% 7.18%
Announcement Date 3/10/20 3/9/21 3/8/22 3/2/23 3/6/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
15
Last Close Price
9.44 EUR
Average target price
10.02 EUR
Spread / Average Target
+6.14%
Consensus
  1. Stock Market
  2. Equities
  3. SFER Stock
  4. Financials Salvatore Ferragamo S.p.A.