Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Salvatore Ferragamo S.p.A., operating as Ferragamo, is an Italian luxury fashion house renowned for its high-end apparel, footwear, and accessories. Founded in 1927 by Salvatore Ferragamo in Florence, the company specializes in innovative footwear and leather goods, which comprise over 86% of its revenue, alongside ready-to-wear collections, silk products, fashion accessories, and licensed eyewear, watches, and perfumes. Notable innovations include the wedge heel, invisible sandal, and signature Gancino clasp, reflecting a legacy of craftsmanship blending artisanal techniques with modern production. Headquartered in the historic Palazzo Spini Feroni, it operates hundreds of mono-brand stores worldwide, serving a global clientele that has historically included film stars like Audrey Hepburn and Marilyn Monroe. The Ferragamo family retains majority ownership since its 2011 public listing, with creative direction under Maximilian Davis since 2022, emphasizing sensuality and contemporary tailoring. In the luxury market, Salvatore Ferragamo S.p.A. upholds Italian elegance, influencing footwear trends and leather accessory design across premium sectors.
The business is unprofitable at the operating level (-3.22% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 5.7% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 36% versus the prior year, cash generation momentum has weakened. Net debt of €439M represents 6.9x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€977M
▼ -5.7% YoY
Net Income (TTM)
-€49M
▲ +27.8% YoY
Op. Margin
-3.22%
▲ +3.6pp YoY
ROIC
-1.84%
▲ +2.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€64M
▼ -36.2% YoY
Op. Cash Flow (TTM)
€103M
▼ -35.9% YoY
Net Debt
€439M
Cash & Equiv.
€248M
3Y CAGR: -7.9%
3Y CAGR: -32.9%
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