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

FRA:2FE • NL0011585146

Current stock price

292.6 EUR
+3.8 (+1.32%)
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.
  • 2FE had a positive operating cash flow in each of the past 5 years.
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

  • 2FE's Return On Assets of 16.59% is amongst the best of the industry. 2FE outperforms 96.67% of its industry peers.
  • 2FE has a Return On Equity of 40.87%. This is amongst the best in the industry. 2FE outperforms 100.00% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 22.35%, 2FE belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for 2FE is significantly above the industry average of 6.04%.
  • The 3 year average ROIC (21.13%) for 2FE is below the current ROIC(22.35%), indicating increased profibility in the last year.
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 100.00% of its industry peers.
  • 2FE's Profit Margin has improved in the last couple of years.
  • 2FE has a Operating Margin of 29.35%. This is amongst the best in the industry. 2FE outperforms 96.67% of its industry peers.
  • 2FE's Operating Margin has improved in the last couple of years.
  • 2FE has a better Gross Margin (51.68%) than 96.67% of its industry peers.
  • In the last couple of years the Gross Margin of 2FE has remained more or less at the same level.
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

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.
  • The number of shares outstanding for 2FE has been reduced compared to 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 8.22 indicates that 2FE is not in any danger for bankruptcy at the moment.
  • 2FE's Altman-Z score of 8.22 is amongst the best of the industry. 2FE outperforms 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.
  • 2FE has a Debt to FCF ratio of 2.05. This is amongst the best in the industry. 2FE outperforms 90.00% of its industry peers.
  • A Debt/Equity ratio of 0.74 indicates that 2FE is somewhat dependend on debt financing.
  • 2FE's Debt to Equity ratio of 0.74 is in line compared to the rest of the industry. 2FE outperforms 43.33% of its industry peers.
  • Even though the debt/equity ratio score it not favorable for 2FE, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 2.05
Altman-Z 8.22
ROIC/WACC2.84
WACC7.88%
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

  • A Current Ratio of 2.19 indicates that 2FE has no problem at all paying its short term obligations.
  • 2FE has a Current ratio of 2.19. This is amongst the best in the industry. 2FE outperforms 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.
  • 2FE's Quick ratio of 1.69 is amongst the best of the industry. 2FE outperforms 86.67% of its industry peers.
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

5

3. 2FE.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 6.03% over the past year.
  • Measured over the past years, 2FE shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.36% on average per year.
  • Looking at the last year, 2FE shows a small growth in Revenue. The Revenue has grown by 7.03% in the last year.
  • Measured over the past years, 2FE shows a quite strong growth in Revenue. The Revenue has been growing by 15.61% on average per year.
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

  • 2FE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.79% yearly.
  • The Revenue is expected to grow by 6.14% on average over the next years.
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

2

4. 2FE.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 32.62, which means the current valuation is very expensive for 2FE.
  • Compared to the rest of the industry, the Price/Earnings ratio of 2FE is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of 2FE to the average of the S&P500 Index (26.11), we can say 2FE is valued slightly more expensively.
  • With a Price/Forward Earnings ratio of 29.96, 2FE can be considered very expensive at the moment.
  • 66.67% of the companies in the same industry are cheaper than 2FE, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.12, 2FE is valued a bit more expensive.
Industry RankSector Rank
PE 32.62
Fwd PE 29.96
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

  • 2FE's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. 2FE is more expensive than 70.00% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of 2FE indicates a somewhat cheap valuation: 2FE is cheaper than 70.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 40.35
EV/EBITDA 20.81
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 an expensive valuation of the company.
  • The excellent profitability rating of 2FE may justify a higher PE ratio.
PEG (NY)3.67
PEG (5Y)1.46
EPS Next 2Y9.63%
EPS Next 3Y8.7%

3

5. 2FE.DE Dividend Analysis

5.1 Amount

  • 2FE has a Yearly Dividend Yield of 1.02%.
  • Compared to an average industry Dividend Yield of 3.62, 2FE is paying slightly less dividend.
  • With a Dividend Yield of 1.02, 2FE pays less dividend than the S&P500 average, which is at 1.91.
Industry RankSector Rank
Dividend Yield 1.02%

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.
  • 2FE's earnings are growing slower than its dividend. 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

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

FERRARI NV

FRA:2FE (3/17/2026, 5:29:55 PM)

292.6

+3.8 (+1.32%)

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 Cap56.74B
Revenue(TTM)7.15B
Net Income(TTM)1.60B
Analysts75.56
Price Target383.79 (31.17%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.02%
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)0.24%
PT rev (3m)-8.45%
EPS NQ rev (1m)-0.16%
EPS NQ rev (3m)-17.99%
EPS NY rev (1m)0.71%
EPS NY rev (3m)-3.46%
Revenue NQ rev (1m)1.52%
Revenue NQ rev (3m)-6.78%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)-1.8%
Valuation
Industry RankSector Rank
PE 32.62
Fwd PE 29.96
P/S 7.94
P/FCF 40.35
P/OCF 24.15
P/B 14.52
P/tB 38.25
EV/EBITDA 20.81
EPS(TTM)8.97
EY3.07%
EPS(NY)9.77
Fwd EY3.34%
FCF(TTM)7.25
FCFY2.48%
OCF(TTM)12.11
OCFY4.14%
SpS36.85
BVpS20.15
TBVpS7.65
PEG (NY)3.67
PEG (5Y)1.46
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 8.22
F-Score8
WACC7.88%
ROIC/WACC2.84
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.


Can you provide the profitability details for FERRARI NV?

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


Can you provide the PE and PB ratios for 2FE stock?

The Price/Earnings (PE) ratio for FERRARI NV (2FE.DE) is 32.62 and the Price/Book (PB) ratio is 14.52.


Can you provide the financial health for 2FE stock?

The financial health rating of FERRARI NV (2FE.DE) is 9 / 10.