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Salvatore Ferragamo S.p.A (SFER) Fair Value & Analysis

Consumer Cyclical · IT · Market cap €1.6B

SF Salvatore Ferragamo S.p.A SFER · MI
Price€10.10
Fair Value€9.53
Upside-5.6%
Quality52/100
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Weak Growth
Loss-making · -5.1% net margin
Low debt · generates free cash flow
Trails peers (3/13)
Narrow moat 19/100
Evidence: Medium Range €6.53 – €12.53 Share as image

Fair value as of: Jul 19, 2026

From 11 valuation models · updated 22 days ago

Share price +1.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (€6.53 to €12.53) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€22.08 €4.44 Fair Value €9.53 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range €4.44 – €22.08 · fair‑value band €6.53 – €12.53 · the €10.10 price screens above the €9.53 fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Salvatore Ferragamo S.p.A (SFER) currently trades at €10.10, while our model-based Fair Value estimate is €9.53, implying the stock looks roughly 5.6% fairly valued today. The Quality Score stands at 52/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Salvatore Ferragamo S.p.A generated revenue of €977M at a net margin of -5.1%. Revenue declined 1.8% year over year. It earns a return on equity of -8.1%. Net debt stands at €409M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €6.53 (bear case) to €12.53 (bull case); at €10.10, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 132% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -41% fair-value upside, at -6%, SFER screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €4.47 €5.37 €6.76 80
Rev-Margin DCF €4.42 €5.91 €7.74 74
EV/EBITDA €10.25 €13.25 €16.25 54
All 11 models by family
DCF Models
FCF DCF €4.37 €5.31 €6.90 38
Owner Earnings €5.76 €7.13 €9.43 31
5Y Revenue Exit €4.42 €5.83 €7.87 39
5Y EBITDA Exit €6.94 €10.19 €14.49 41
10Y Revenue Exit €4.30 €5.27 €6.31 36
10Y EBITDA Exit €5.78 €7.74 €9.85 37
Multiples
EV/EBITDA €10.25 €13.25 €16.25 54
EV/Revenue €4.75 €6.25 €7.75 43
Asset-Based
NCAV (Graham) €1.78 €2.39 €3.57 50
Growth DCF
Growth DCF €4.47 €5.37 €6.76 80
Rev-Margin DCF €4.42 €5.91 €7.74 74

Widest divergence: Multiples (€6.25) versus Asset-Based (€2.39). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €977M
Revenue growth (YoY) -1.8%
Net margin -5.1%
Return on equity -8.1%
Free cash flow €63.7M FY2025
Operating margin 4.8%
More key figures
EPS (TTM) €-0.3000
EPS growth (YoY) -74.5%
Net debt €409M FY2023

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 53 · Market factors (momentum, volatility) 83

Profitability 26
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 97
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Salvatore Ferragamo S.p.A., through its subsidiaries, creates, produces, and sells luxury goods for men and women in Europe, North America, Japan, the Asia Pacific, and Central and South America.

Full company description

Salvatore Ferragamo S.p.A., through its subsidiaries, creates, produces, and sells luxury goods for men and women in Europe, North America, Japan, the Asia Pacific, and Central and South America. The company offers men's and women's footwear; leather goods comprising handbags, suitcases, belts, wallets, and other men's and women's leather accessories; made-to-order men's and ladies products; ready to wear products for men's and ladies, including knitwear, clothes for formal occasions and outwear, such as husky jackets, ponchos, and leather garments, as well as sportswear, and leisure wear. It also provides silk accessories, such as ties, foulards, scarves, shawls, gloves, and costume jeweler, as well as plaid throws, cushions, and beach towels; men's and ladies sunglasses and prescription glasses; watches; gold, diamond, gemstone, and silver jeweler; perfumes; and fragrances. In addition, the company is involved in the real estate management business. It sells its products under the Salvatore Ferragamo brand and distributes through Salvatore Ferragamo single-brand stores, department stores and multi-brand specialty stores, and the e-commerce channel. 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. The company was founded in 1927 and is headquartered in Florence, Italy. Salvatore Ferragamo S.p.A. is a subsidiary of Ferragamo Finanziaria S.p.A.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Salvatore Ferragamo S.p.A reported revenue of €977M in FY2025 versus €1.1B in FY2021, a compound −3.7%/yr. Reported net income was −€49.4M in FY2025.

Growth Quality 26/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€977M
Latest YoY
−5.7%
Avg. growth/yr (3Y)
−7.9%
Avg. growth/yr (5Y)
+1.3%
Avg. growth/yr (18Y)
+2.0%
Revenue −3.7%/yr
FY21 €1.1B
FY22 €1.3B
FY23 €1.2B
FY24 €1.0B
FY25 €977M
Net income
FY21 €78.6M
FY22 €69.6M
FY23 €26.1M
FY24 −€68.1M
FY25 −€49.4M

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Cite: Fair Value Calculator (2026). "Salvatore Ferragamo S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/SFER

Peer Group

Luxury Goods · 132 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 52 · Below median
Fair Value upside −6% · Above median
Return on assets -1% · Bottom 25%
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) 5% · Below median
Revenue growth -2% · Below median

Valuation Multiples vs Luxury Goods median · lower = cheaper

P/B 3.14× · Pricier than median
P/S (TTM) 1.90× · Pricier than 75% of peers
P/FCF 29.1× · Pricier than 75% of peers
EV/EBITDA 97.1× · Pricier than 75% of peers
PEG 0.85× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 26 · sector 13
FUTURE 0 · sector 50
PAST 0 · sector 38
HEALTH 100 · sector 99
DIVIDEND 0 · sector 38

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Compagnie Financière Richemont SA CFR CHF 197.40 CHF 117.30 -41%
Christian Dior SE DIO €455.40 €502.30 +10%
Kering SA KER €248.50 €60.61 -76%
Tapestry, Inc TPR $140.73 $19.95 -86%
Chow Tai Fook Jewellery Group 1929 HK$11.82 HK$12.28 +4%
The Swatch Group UHRN CHF 40.95 CHF 21.48 -48%
Prada S.p.A 1913 HK$43.26 HK$64.05 +48%
Pandora A/S PNDORA kr 779.40 kr 1,424 +83%
Brunello Cucinelli S.p.A BC €80.32 €42.69 -47%
Kalyan Jewellers India Limited KALYANKJIL ₹546.60 ₹238.57 -56%

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Frequently asked questions

Is Salvatore Ferragamo S.p.A (SFER) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €9.53 versus a price of €10.10, about −6% (fairly valued).
What is the fair value of SFER?
Our model-based fair value for Salvatore Ferragamo S.p.A is €9.53 (as of Jul 19, 2026), built from audited fundamentals. The current price is €10.10.
What is the quality score of SFER?
Salvatore Ferragamo S.p.A has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Salvatore Ferragamo S.p.A (SFER)?
Salvatore Ferragamo S.p.A reported trailing-twelve-month revenue of about €977M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of SFER?
The net profit margin of Salvatore Ferragamo S.p.A is about -5.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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