Salvatore Ferragamo S.p.A.

Factors to consider:

• Price in estimated range
• Earnings for 18 months up through Q2 (+1 year) are below our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2023-12-31 to 2025-12-30

• 2023-12-31 to 2024-12-30 estimated range: [5.80$, 11.82$]
• 2024-12-30 to 2025-12-30 estimated range: [5.13$, 10.44$]

Financial Metrics affecting the SFRGF estimates:

• Positive: with PPE of 74.9 at the end of fiscal year the price was very low
• Positive: -3.60 < Operating profit margin, % of 6.23
• Negative: negative Industry operating cash flow (median)
• Negative: Industry earnings per price (median), % of 0 <= 0
• Positive: Industry inventory ratio change (median), % of -3.25 <= -0.15
• Positive: 18.93 < Shareholder equity ratio, % of 39.78 <= 41.86
• Negative: Operating cash flow per share per price, % of 6.08 <= 6.82
• Negative: 0.79 < Interest expense per share per price, % of 1.21
• Negative: Inventory ratio change, % of 4.13 > 0.84
• Positive: -8.75 < Industry operating profit margin (median), % of -5.69