Salvatore Ferragamo has delivered a mixed ride for shareholders, with a sharp share price decline over five years alongside shorter term rebounds. This puts the focus squarely on what its cash flows are really worth. The question now is whether the current market price reflects the cash that this luxury business is expected to generate in the years ahead. The stock has fallen 57.8% over the past 5 years, which puts long term cash flow prospects and the price investors are paying for them…