FERRARI NV (2FE.DE) Fundamental Analysis & Valuation

FRA:2FE • NL0011585146

Current stock price

295.6 EUR
-1.6 (-0.54%)
Last:

This 2FE.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. 2FE.DE Profitability Analysis

1.1 Basic Checks

  • In the past year 2FE was profitable.
  • In the past year 2FE had a positive cash flow from operations.
  • Each year in the past 5 years 2FE has been profitable.
  • In the past 5 years 2FE always reported a positive cash flow from operatings.
2FE.DE Yearly Net Income VS EBIT VS OCF VS FCF2FE.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 16.59%, 2FE belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
  • 2FE's Return On Equity of 40.87% is amongst the best of the industry. 2FE outperforms 96.67% of its industry peers.
  • 2FE has a Return On Invested Capital of 22.35%. This is amongst the best in the industry. 2FE outperforms 96.67% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for 2FE is significantly above the industry average of 5.84%.
  • The last Return On Invested Capital (22.35%) for 2FE is above the 3 year average (21.13%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 16.59%
ROE 40.87%
ROIC 22.35%
ROA(3y)16.05%
ROA(5y)14.45%
ROE(3y)41.61%
ROE(5y)39.69%
ROIC(3y)21.13%
ROIC(5y)19.15%
2FE.DE Yearly ROA, ROE, ROIC2FE.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80 100

1.3 Margins

  • 2FE has a better Profit Margin (22.35%) than 96.67% of its industry peers.
  • In the last couple of years the Profit Margin of 2FE has grown nicely.
  • 2FE has a Operating Margin of 29.35%. This is amongst the best in the industry. 2FE outperforms 93.33% of its industry peers.
  • In the last couple of years the Operating Margin of 2FE has grown nicely.
  • The Gross Margin of 2FE (51.68%) is better than 93.33% of its industry peers.
  • 2FE's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 29.35%
PM (TTM) 22.35%
GM 51.68%
OM growth 3Y6.98%
OM growth 5Y7.37%
PM growth 3Y6.88%
PM growth 5Y4.93%
GM growth 3Y2.48%
GM growth 5Y0.16%
2FE.DE Yearly Profit, Operating, Gross Margins2FE.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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9

2. 2FE.DE Health Analysis

2.1 Basic Checks

  • 2FE has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • 2FE has less shares outstanding than it did 1 year ago.
  • 2FE has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for 2FE has been reduced compared to a year ago.
2FE.DE Yearly Shares Outstanding2FE.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
2FE.DE Yearly Total Debt VS Total Assets2FE.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 8.36 indicates that 2FE is not in any danger for bankruptcy at the moment.
  • 2FE has a better Altman-Z score (8.36) than 93.33% of its industry peers.
  • The Debt to FCF ratio of 2FE is 2.05, which is a good value as it means it would take 2FE, 2.05 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.05, 2FE belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
  • 2FE has a Debt/Equity ratio of 0.74. This is a neutral value indicating 2FE is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.74, 2FE is not doing good in the industry: 63.33% of the companies in the same industry are doing better.
  • Although 2FE's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 2.05
Altman-Z 8.36
ROIC/WACC2.87
WACC7.78%
2FE.DE Yearly LT Debt VS Equity VS FCF2FE.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.3 Liquidity

  • 2FE has a Current Ratio of 2.19. This indicates that 2FE is financially healthy and has no problem in meeting its short term obligations.
  • 2FE has a better Current ratio (2.19) than 90.00% of its industry peers.
  • 2FE has a Quick Ratio of 1.69. This is a normal value and indicates that 2FE is financially healthy and should not expect problems in meeting its short term obligations.
  • With an excellent Quick ratio value of 1.69, 2FE belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.19
Quick Ratio 1.69
2FE.DE Yearly Current Assets VS Current Liabilites2FE.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. 2FE.DE Growth Analysis

3.1 Past

  • 2FE shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.03%.
  • The Earnings Per Share has been growing by 22.36% on average over the past years. This is a very strong growth
  • 2FE shows a small growth in Revenue. In the last year, the Revenue has grown by 7.03%.
  • The Revenue has been growing by 15.61% on average over the past years. This is quite good.
EPS 1Y (TTM)6.03%
EPS 3Y20.79%
EPS 5Y22.36%
EPS Q2Q%0%
Revenue 1Y (TTM)7.03%
Revenue growth 3Y11.93%
Revenue growth 5Y15.61%
Sales Q2Q%3.8%

3.2 Future

  • Based on estimates for the next years, 2FE will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.79% on average per year.
  • Based on estimates for the next years, 2FE will show a small growth in Revenue. The Revenue will grow by 6.14% on average per year.
EPS Next Y8.89%
EPS Next 2Y9.63%
EPS Next 3Y8.7%
EPS Next 5Y8.79%
Revenue Next Year5.98%
Revenue Next 2Y6.69%
Revenue Next 3Y6.56%
Revenue Next 5Y6.14%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
2FE.DE Yearly Revenue VS Estimates2FE.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
2FE.DE Yearly EPS VS Estimates2FE.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15

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2

4. 2FE.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • 2FE is valuated quite expensively with a Price/Earnings ratio of 32.95.
  • The rest of the industry has a similar Price/Earnings ratio as 2FE.
  • 2FE's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 25.60.
  • A Price/Forward Earnings ratio of 30.26 indicates a quite expensive valuation of 2FE.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of 2FE indicates a slightly more expensive valuation: 2FE is more expensive than 70.00% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of 2FE to the average of the S&P500 Index (22.84), we can say 2FE is valued slightly more expensively.
Industry RankSector Rank
PE 32.95
Fwd PE 30.26
2FE.DE Price Earnings VS Forward Price Earnings2FE.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, 2FE is valued a bit more expensive than the industry average as 70.00% of the companies are valued more cheaply.
  • 2FE's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. 2FE is cheaper than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 40.77
EV/EBITDA 21.29
2FE.DE Per share data2FE.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 2FE does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of 2FE may justify a higher PE ratio.
PEG (NY)3.71
PEG (5Y)1.47
EPS Next 2Y9.63%
EPS Next 3Y8.7%

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3

5. 2FE.DE Dividend Analysis

5.1 Amount

  • 2FE has a Yearly Dividend Yield of 1.07%.
  • 2FE's Dividend Yield is slightly below the industry average, which is at 3.84.
  • Compared to an average S&P500 Dividend Yield of 1.90, 2FE's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.07%

5.2 History

  • On average, the dividend of 2FE grows each year by 21.56%, which is quite nice.
Dividend Growth(5Y)21.56%
Div Incr Years4
Div Non Decr Years4
2FE.DE Yearly Dividends per share2FE.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 33.17% of the earnings are spent on dividend by 2FE. This is a low number and sustainable payout ratio.
  • The dividend of 2FE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP33.17%
EPS Next 2Y9.63%
EPS Next 3Y8.7%
2FE.DE Yearly Income VS Free CF VS Dividend2FE.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
2FE.DE Dividend Payout.2FE.DE Dividend Payout, showing the Payout Ratio.2FE.DE Dividend Payout.PayoutRetained Earnings

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2FE.DE Fundamentals: All Metrics, Ratios and Statistics

FERRARI NV

FRA:2FE (4/2/2026, 7:00:00 PM)

295.6

-1.6 (-0.54%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)02-10
Earnings (Next)05-05
Inst Owners43.25%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap57.32B
Revenue(TTM)7.15B
Net Income(TTM)1.60B
Analysts77.04
Price Target383.79 (29.83%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.07%
Yearly Dividend2.22
Dividend Growth(5Y)21.56%
DP33.17%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.6%
Min EPS beat(2)1.23%
Max EPS beat(2)1.97%
EPS beat(4)2
Avg EPS beat(4)-0.08%
Min EPS beat(4)-1.9%
Max EPS beat(4)1.97%
EPS beat(8)6
Avg EPS beat(8)3.12%
EPS beat(12)10
Avg EPS beat(12)4.35%
EPS beat(16)13
Avg EPS beat(16)3.76%
Revenue beat(2)1
Avg Revenue beat(2)0.65%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)1.96%
Revenue beat(4)1
Avg Revenue beat(4)-1.01%
Min Revenue beat(4)-4.23%
Max Revenue beat(4)1.96%
Revenue beat(8)3
Avg Revenue beat(8)-0.01%
Revenue beat(12)5
Avg Revenue beat(12)0.06%
Revenue beat(16)8
Avg Revenue beat(16)0.98%
PT rev (1m)0%
PT rev (3m)-5.96%
EPS NQ rev (1m)-2.05%
EPS NQ rev (3m)-17.99%
EPS NY rev (1m)0.71%
EPS NY rev (3m)-0.96%
Revenue NQ rev (1m)-0.5%
Revenue NQ rev (3m)-6.78%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)-0.12%
Valuation
Industry RankSector Rank
PE 32.95
Fwd PE 30.26
P/S 8.02
P/FCF 40.77
P/OCF 24.4
P/B 14.67
P/tB 38.65
EV/EBITDA 21.29
EPS(TTM)8.97
EY3.03%
EPS(NY)9.77
Fwd EY3.3%
FCF(TTM)7.25
FCFY2.45%
OCF(TTM)12.11
OCFY4.1%
SpS36.85
BVpS20.15
TBVpS7.65
PEG (NY)3.71
PEG (5Y)1.47
Graham Number63.77
Profitability
Industry RankSector Rank
ROA 16.59%
ROE 40.87%
ROCE 28.24%
ROIC 22.35%
ROICexc 27.88%
ROICexgc 47.01%
OM 29.35%
PM (TTM) 22.35%
GM 51.68%
FCFM 19.68%
ROA(3y)16.05%
ROA(5y)14.45%
ROE(3y)41.61%
ROE(5y)39.69%
ROIC(3y)21.13%
ROIC(5y)19.15%
ROICexc(3y)26.62%
ROICexc(5y)24.54%
ROICexgc(3y)46.02%
ROICexgc(5y)43.96%
ROCE(3y)26.7%
ROCE(5y)24.19%
ROICexgc growth 3Y5.49%
ROICexgc growth 5Y8.03%
ROICexc growth 3Y9.13%
ROICexc growth 5Y11.79%
OM growth 3Y6.98%
OM growth 5Y7.37%
PM growth 3Y6.88%
PM growth 5Y4.93%
GM growth 3Y2.48%
GM growth 5Y0.16%
F-Score8
Asset Turnover0.74
Health
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 2.05
Debt/EBITDA 1.05
Cap/Depr 142.49%
Cap/Sales 13.2%
Interest Coverage 16.61
Cash Conversion 85.15%
Profit Quality 88.05%
Current Ratio 2.19
Quick Ratio 1.69
Altman-Z 8.36
F-Score8
WACC7.78%
ROIC/WACC2.87
Cap/Depr(3y)140.68%
Cap/Depr(5y)146.2%
Cap/Sales(3y)14.19%
Cap/Sales(5y)15.12%
Profit Quality(3y)72.45%
Profit Quality(5y)69.45%
High Growth Momentum
Growth
EPS 1Y (TTM)6.03%
EPS 3Y20.79%
EPS 5Y22.36%
EPS Q2Q%0%
EPS Next Y8.89%
EPS Next 2Y9.63%
EPS Next 3Y8.7%
EPS Next 5Y8.79%
Revenue 1Y (TTM)7.03%
Revenue growth 3Y11.93%
Revenue growth 5Y15.61%
Sales Q2Q%3.8%
Revenue Next Year5.98%
Revenue Next 2Y6.69%
Revenue Next 3Y6.56%
Revenue Next 5Y6.14%
EBIT growth 1Y11.58%
EBIT growth 3Y19.75%
EBIT growth 5Y24.13%
EBIT Next Year41.25%
EBIT Next 3Y17.9%
EBIT Next 5Y13.3%
FCF growth 1Y49.99%
FCF growth 3Y32.92%
FCF growth 5Y61.19%
OCF growth 1Y21.94%
OCF growth 3Y18.74%
OCF growth 5Y22.89%

FERRARI NV / 2FE.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FERRARI NV?

ChartMill assigns a fundamental rating of 7 / 10 to 2FE.DE.


What is the valuation status for 2FE stock?

ChartMill assigns a valuation rating of 2 / 10 to FERRARI NV (2FE.DE). This can be considered as Overvalued.


What is the profitability of 2FE stock?

FERRARI NV (2FE.DE) has a profitability rating of 9 / 10.


What is the earnings growth outlook for FERRARI NV?

The Earnings per Share (EPS) of FERRARI NV (2FE.DE) is expected to grow by 8.89% in the next year.


How sustainable is the dividend of FERRARI NV (2FE.DE) stock?

The dividend rating of FERRARI NV (2FE.DE) is 3 / 10 and the dividend payout ratio is 33.17%.