SFER.MI - Salvatore Ferragamo S.p.A.

Milan - Milan Delayed Price. Currency in EUR
18.17
-0.08 (-0.44%)
At close: 5:35PM CET
Stock chart is not supported by your current browser
Previous Close18.25
Open18.35
Bid18.10 x 0
Ask18.36 x 0
Day's Range18.08 - 18.35
52 Week Range15.81 - 21.72
Volume398,992
Avg. Volume574,047
Market Cap3.067B
Beta (5Y Monthly)0.96
PE Ratio (TTM)36.50
EPS (TTM)0.50
Earnings DateMar 10, 2020
Forward Dividend & Yield0.34 (1.86%)
Ex-Dividend DateMay 20, 2019
1y Target Est19.10
  • A Look At The Fair Value Of Salvatore Ferragamo S.p.A. (BIT:SFER)
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    A Look At The Fair Value Of Salvatore Ferragamo S.p.A. (BIT:SFER)

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Salvatore Ferragamo...

  • How Much Is a Moncler Puffer Jacket Worth?
    Bloomberg

    How Much Is a Moncler Puffer Jacket Worth?

    (Bloomberg Opinion) -- Moncler SpA’s hotline just blinged. The brand, sported by Drake in his video for the popular song of that name, is being courted by Kering SA, according to Bloomberg News.Moncler has been a fashion-hit maker itself. If Francois-Henri Pinault’s Kering wants to get its hands on it, the Gucci owner will have to pay a price as rich as that commanded by one of its $1,000-plus down jackets.The Italian brand, with a market capitalization of 11 billion euros ($12.2 billion), would bring a sizable name that’s still capable of growth to Kering, valued at 69 billion euros. It would also usefully reduce the French group’s reliance on Gucci, which now accounts for more than 60% of group sales and 80% of operating profit.Moncler has scope to add further stores, particularly flagship locations, in China. While it has successfully expanded its range of products from its core down jackets into knitwear, there is an opportunity in bags and accessories. Kering’s expertise would bolster these ambitions. Digital marketing skills and the French company’s focus on sustainability could be useful too, as younger luxury buyers’ concerns about natural resources, such as down and fur, shape their buying habits.But Moncler won’t come cheap. Assuming a 25% premium over Wednesday’s closing price, a takeover would cost about 12 billion euros, adjusting for estimated net cash of 550 million euros. That equates to about 20.5 times this year’s likely Ebitda, exceeding the multiple that Kering’s French arch-rival LVMH has offered for the iconic diamond and jewelry brand Tiffany & Co.With Moncler forecast to make about 750 million euros of operating profit in 2023, the returns from a deal would be a mere 5% after tax, unless Kering could turbocharge the business. Given that the target is already well run under Remo Ruffini, its chief executive officer and biggest shareholder, that looks like a tall order. Moncler's operating margin is already strong at about 30%.This wouldn’t be a case of taking a tired brand and rejuvenating it. So the pressure would be on Kering to engineer ways of achieving higher sales in order to earn returns at closer to the 7%-8% level that would make a deal easier to justify.The French house can afford Moncler. Assuming an all-cash deal, net debt would increase from 0.4 times Ebitda to 2.4 times. That’s manageable. Kering also has a 16% stake in sportswear maker Puma SE, worth about 1.6 billion euros, to play with. But a deal would wrap up much of Kering’s acquisition firepower up in a puffer jacket, leaving little room to expand into other areas, such as jewelry.There is better value to be found elsewhere, for example in Britain’s Burberry Group Plc, whose recovery plan has yet to pay off. Kering could also bring the skills it used to reinvigorate the Gucci brand to Prada SpA or Salvatore Ferragamo SpA. While this could mean more upfront investment, there is a much bigger turnaround potential.Although Burberry has no controlling family, Prada and Ferragamo do. So far, they have shown no indications of wanting to sell. A reshuffle of Moncler’s ownership recently reduced Ruffini’s stake to 22.5%Even so, Moncler’s down jackets are best known for keeping out the cold. The company has plenty to help it repel a predator, or more likely, make them pay a bulky price.\--With assistance from Chris Hughes.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Does Salvatore Ferragamo S.p.A. (BIT:SFER) Have A Particularly Volatile Share Price?
    Simply Wall St.

    Does Salvatore Ferragamo S.p.A. (BIT:SFER) Have A Particularly Volatile Share Price?

    Anyone researching Salvatore Ferragamo S.p.A. (BIT:SFER) might want to consider the historical volatility of the share...

  • Is Salvatore Ferragamo (BIT:SFER) Using Too Much Debt?
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    Is Salvatore Ferragamo (BIT:SFER) Using Too Much Debt?

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  • The Salvatore Ferragamo (BIT:SFER) Share Price Is Down 26% So Some Shareholders Are Getting Worried
    Simply Wall St.

    The Salvatore Ferragamo (BIT:SFER) Share Price Is Down 26% So Some Shareholders Are Getting Worried

    As an investor its worth striving to ensure your overall portfolio beats the market average. But if you try your hand...

  • Where Salvatore Ferragamo S.p.A.'s (BIT:SFER) Earnings Growth Stands Against Its Industry
    Simply Wall St.

    Where Salvatore Ferragamo S.p.A.'s (BIT:SFER) Earnings Growth Stands Against Its Industry

    When Salvatore Ferragamo S.p.A. (BIT:SFER) announced its most recent earnings (30 June 2019), I did two things: looked...

  • Here’s What Salvatore Ferragamo S.p.A.’s (BIT:SFER) Return On Capital Can Tell Us
    Simply Wall St.

    Here’s What Salvatore Ferragamo S.p.A.’s (BIT:SFER) Return On Capital Can Tell Us

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  • Should You Be Worried About Salvatore Ferragamo S.p.A.'s (BIT:SFER) 12% Return On Equity?
    Simply Wall St.

    Should You Be Worried About Salvatore Ferragamo S.p.A.'s (BIT:SFER) 12% Return On Equity?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • What Does Salvatore Ferragamo S.p.A.'s (BIT:SFER) Share Price Indicate?
    Simply Wall St.

    What Does Salvatore Ferragamo S.p.A.'s (BIT:SFER) Share Price Indicate?

    Salvatore Ferragamo S.p.A. (BIT:SFER), which is in the luxury business, and is based in Italy, saw a decent share...

  • Here's What Salvatore Ferragamo S.p.A.'s (BIT:SFER) P/E Is Telling Us
    Simply Wall St.

    Here's What Salvatore Ferragamo S.p.A.'s (BIT:SFER) P/E Is Telling Us

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • Is Salvatore Ferragamo S.p.A.'s (BIT:SFER) Balance Sheet Strong Enough To Weather A Storm?
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    Is Salvatore Ferragamo S.p.A.'s (BIT:SFER) Balance Sheet Strong Enough To Weather A Storm?

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  • How Does Salvatore Ferragamo S.p.A. (BIT:SFER) Affect Your Portfolio Volatility?
    Simply Wall St.

    How Does Salvatore Ferragamo S.p.A. (BIT:SFER) Affect Your Portfolio Volatility?

    If you own shares in Salvatore Ferragamo S.p.A. (BIT:SFER) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. In finance, Beta is a measure of volatility. Volatility is considered to be...

  • LVMH Is Stellar, the Rest Still Have to Prove It
    Bloomberg

    LVMH Is Stellar, the Rest Still Have to Prove It

    With scale, strong brands in fashion, cosmetics and beverages, as well as geographic reach, LVMH can prosper in both good times as well as bad. LVMH rose to a record on Thursday. It’s worth pointing out that it wasn’t all stellar news for LVMH: watch and jewelry sales missed analysts’ expectations.

  • What Should We Expect From Salvatore Ferragamo S.p.A.'s (BIT:SFER) Earnings Over The Next Few Years?
    Simply Wall St.

    What Should We Expect From Salvatore Ferragamo S.p.A.'s (BIT:SFER) Earnings Over The Next Few Years?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Salvatore Ferragamo S.p.A.'s (BIT:SFER) announced its latest earnings update in December 2018, which showed...

  • Some Salvatore Ferragamo (BIT:SFER) Shareholders Are Down 15%
    Simply Wall St.

    Some Salvatore Ferragamo (BIT:SFER) Shareholders Are Down 15%

    For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any portfolio, there are likely to be some stocks thatRead More...

  • Thomson Reuters StreetEvents

    Edited Transcript of SFER.MI earnings conference call or presentation 12-Mar-19 5:00pm GMT

    Q4 2018 Salvatore Ferragamo SpA Earnings Call

  • Reuters

    Ferragamo's core profit falls 14 percent in 2018 as turnaround costs weigh

    Italy's luxury shoemaker Salvatore Ferragamo posted a 14 percent drop in 2018 core profit, undermined by the costs of a turnaround plan in the face of falling sales. The luxury leather goods company has struggled in the last two years to rejuvenate its brand and captivate essential younger customers. The company appointed a new chief executive, Micaela Le Divelec, in July after a failed attempt to revamp the business by former boss Eraldo Poletto, who stepped down after less than two years in the job.

  • Should You Like Salvatore Ferragamo S.p.A.’s (BIT:SFER) High Return On Capital Employed?
    Simply Wall St.

    Should You Like Salvatore Ferragamo S.p.A.’s (BIT:SFER) High Return On Capital Employed?

    Today we'll evaluate Salvatore Ferragamo S.p.A. (BIT:SFER) to determine whether it could have potential as an investment idea. To be precise, we'll consider its Return On Capital Employed (ROCE), asRead More...

  • Reuters

    Ferragamo chairman says luxury shoemaker not up for sale

    MILAN (Reuters) - Ferragamo's Chairman Ferruccio Ferragamo denied on Saturday the founding family could consider selling the eponymous luxury shoemaker, after speculation about a possible sale. "We're ...

  • How Did Salvatore Ferragamo S.p.A.’s (BIT:SFER) 13% ROE Fare Against The Industry?
    Simply Wall St.

    How Did Salvatore Ferragamo S.p.A.’s (BIT:SFER) 13% ROE Fare Against The Industry?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Many investors are still learning about the Read More...