FERRARI NV (2FE.DE) Stock Fundamental Analysis
FRA:2FE - Deutsche Boerse Ag - NL0011585146 - Common Stock - Currency: EUR
Taking everything into account, 2FE scores 6 out of 10 in our fundamental rating. 2FE was compared to 30 industry peers in the Automobiles industry. 2FE scores excellent points on both the profitability and health parts. This is a solid base for a good stock. While showing a medium growth rate, 2FE is valued expensive at the moment. With these ratings, 2FE could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
2FE had positive earnings in the past year.
2FE had a positive operating cash flow in the past year.
Each year in the past 5 years 2FE has been profitable.
Each year in the past 5 years 2FE had a positive operating cash flow.
1.2 Ratios
2FE has a better Return On Assets (15.96%) than 100.00% of its industry peers.
The Return On Equity of 2FE (44.32%) is better than 100.00% of its industry peers.
2FE has a better Return On Invested Capital (21.04%) than 100.00% 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 6.82%.
The last Return On Invested Capital (21.04%) for 2FE is above the 3 year average (19.26%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.96% | ||
| ROE | 44.32% | ||
| ROIC | 21.04% |
ROA(3y)14.53%
ROA(5y)13.08%
ROE(3y)39.98%
ROE(5y)38.33%
ROIC(3y)19.26%
ROIC(5y)17.08%
1.3 Margins
2FE has a better Profit Margin (22.99%) than 100.00% of its industry peers.
2FE's Profit Margin has improved in the last couple of years.
The Operating Margin of 2FE (28.75%) is better than 96.88% of its industry peers.
In the last couple of years the Operating Margin of 2FE has grown nicely.
2FE has a Gross Margin of 50.52%. This is amongst the best in the industry. 2FE outperforms 96.88% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.75% | ||
| PM (TTM) | 22.99% | ||
| GM | 50.52% |
OM growth 3Y4.01%
OM growth 5Y3.02%
PM growth 3Y5.43%
PM growth 5Y4.29%
GM growth 3Y-0.75%
GM growth 5Y-0.76%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 2FE is creating value.
Compared to 1 year ago, 2FE has less shares outstanding
2FE has less shares outstanding than it did 5 years ago.
2FE has a worse debt/assets ratio than last year.
2.2 Solvency
2FE has an Altman-Z score of 9.93. This indicates that 2FE is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 9.93, 2FE belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
2FE has a debt to FCF ratio of 2.67. This is a good value and a sign of high solvency as 2FE would need 2.67 years to pay back of all of its debts.
The Debt to FCF ratio of 2FE (2.67) is better than 87.50% of its industry peers.
A Debt/Equity ratio of 0.93 indicates that 2FE is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.93, 2FE is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 2.67 | ||
| Altman-Z | 9.93 |
ROIC/WACC2.54
WACC8.28%
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 better Current ratio (2.19) than 93.75% of its industry peers.
A Quick Ratio of 1.73 indicates that 2FE should not have too much problems paying its short term obligations.
2FE has a Quick ratio of 1.73. This is amongst the best in the industry. 2FE outperforms 93.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.73 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.02% over the past year.
Measured over the past years, 2FE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.92% on average per year.
2FE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.36%.
The Revenue has been growing by 12.13% on average over the past years. This is quite good.
EPS 1Y (TTM)22.02%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%17.95%
Revenue 1Y (TTM)12.36%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%13.02%
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 8.06% yearly.
2FE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.38% yearly.
EPS Next Y8.15%
EPS Next 2Y11.32%
EPS Next 3Y10.77%
EPS Next 5Y8.06%
Revenue Next Year8.77%
Revenue Next 2Y9.8%
Revenue Next 3Y8.97%
Revenue Next 5Y6.38%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 47.83 indicates a quite expensive valuation of 2FE.
2FE's Price/Earnings is on the same level as the industry average.
2FE is valuated expensively when we compare the Price/Earnings ratio to 26.25, which is the current average of the S&P500 Index.
2FE is valuated quite expensively with a Price/Forward Earnings ratio of 40.20.
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 62.50% 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 (22.15), we can say 2FE is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.83 | ||
| Fwd PE | 40.2 |
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 65.63% of the companies in the same industry.
2FE's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 65.35 | ||
| EV/EBITDA | 31.56 |
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)5.87
PEG (5Y)2.67
EPS Next 2Y11.32%
EPS Next 3Y10.77%
5. Dividend
5.1 Amount
With a yearly dividend of 0.71%, 2FE is not a good candidate for dividend investing.
2FE's Dividend Yield is slightly below the industry average, which is at 6.08.
Compared to an average S&P500 Dividend Yield of 2.38, 2FE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
5.2 History
On average, the dividend of 2FE grows each year by 18.29%, which is quite nice.
Dividend Growth(5Y)18.29%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
27.81% 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.
DP27.81%
EPS Next 2Y11.32%
EPS Next 3Y10.77%
FRA:2FE (5/30/2025, 7:00:00 PM)
421.4
+0.2 (+0.05%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners39.38%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap81.72B
Analysts76.36
Price Target468.03 (11.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
Yearly Dividend1.81
Dividend Growth(5Y)18.29%
DP27.81%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.93%
Min EPS beat(2)-1.9%
Max EPS beat(2)11.77%
EPS beat(4)3
Avg EPS beat(4)5.3%
Min EPS beat(4)-1.9%
Max EPS beat(4)11.77%
EPS beat(8)7
Avg EPS beat(8)5.42%
EPS beat(12)10
Avg EPS beat(12)4.82%
EPS beat(16)13
Avg EPS beat(16)4.5%
Revenue beat(2)1
Avg Revenue beat(2)0.84%
Min Revenue beat(2)-1.1%
Max Revenue beat(2)2.78%
Revenue beat(4)2
Avg Revenue beat(4)1.08%
Min Revenue beat(4)-1.38%
Max Revenue beat(4)4.01%
Revenue beat(8)3
Avg Revenue beat(8)0.39%
Revenue beat(12)7
Avg Revenue beat(12)1.73%
Revenue beat(16)7
Avg Revenue beat(16)-0.71%
PT rev (1m)0.26%
PT rev (3m)-0.43%
EPS NQ rev (1m)-2.42%
EPS NQ rev (3m)1.44%
EPS NY rev (1m)0%
EPS NY rev (3m)0.12%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)-0.69%
Revenue NY rev (1m)-0.22%
Revenue NY rev (3m)0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.83 | ||
| Fwd PE | 40.2 | ||
| P/S | 11.87 | ||
| P/FCF | 65.35 | ||
| P/OCF | 36.02 | ||
| P/B | 22.89 | ||
| P/tB | 67.88 | ||
| EV/EBITDA | 31.56 |
EPS(TTM)8.81
EY2.09%
EPS(NY)10.48
Fwd EY2.49%
FCF(TTM)6.45
FCFY1.53%
OCF(TTM)11.7
OCFY2.78%
SpS35.49
BVpS18.41
TBVpS6.21
PEG (NY)5.87
PEG (5Y)2.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.96% | ||
| ROE | 44.32% | ||
| ROCE | 26.42% | ||
| ROIC | 21.04% | ||
| ROICexc | 28.3% | ||
| ROICexgc | 49.22% | ||
| OM | 28.75% | ||
| PM (TTM) | 22.99% | ||
| GM | 50.52% | ||
| FCFM | 18.17% |
ROA(3y)14.53%
ROA(5y)13.08%
ROE(3y)39.98%
ROE(5y)38.33%
ROIC(3y)19.26%
ROIC(5y)17.08%
ROICexc(3y)24.63%
ROICexc(5y)22.3%
ROICexgc(3y)43.96%
ROICexgc(5y)41.2%
ROCE(3y)24.18%
ROCE(5y)21.45%
ROICexcg growth 3Y1.86%
ROICexcg growth 5Y-2.51%
ROICexc growth 3Y6.8%
ROICexc growth 5Y2.03%
OM growth 3Y4.01%
OM growth 5Y3.02%
PM growth 3Y5.43%
PM growth 5Y4.29%
GM growth 3Y-0.75%
GM growth 5Y-0.76%
F-Score7
Asset Turnover0.69
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 2.67 | ||
| Debt/EBITDA | 1.27 | ||
| Cap/Depr | 155.48% | ||
| Cap/Sales | 14.8% | ||
| Interest Coverage | 31.28 | ||
| Cash Conversion | 86.15% | ||
| Profit Quality | 79.04% | ||
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.73 | ||
| Altman-Z | 9.93 |
F-Score7
WACC8.28%
ROIC/WACC2.54
Cap/Depr(3y)142.28%
Cap/Depr(5y)150.94%
Cap/Sales(3y)15.05%
Cap/Sales(5y)16.58%
Profit Quality(3y)64.5%
Profit Quality(5y)56.09%
High Growth Momentum
Growth
EPS 1Y (TTM)22.02%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%17.95%
EPS Next Y8.15%
EPS Next 2Y11.32%
EPS Next 3Y10.77%
EPS Next 5Y8.06%
Revenue 1Y (TTM)12.36%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%13.02%
Revenue Next Year8.77%
Revenue Next 2Y9.8%
Revenue Next 3Y8.97%
Revenue Next 5Y6.38%
EBIT growth 1Y18.59%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year40.75%
EBIT Next 3Y21.74%
EBIT Next 5Y16.43%
FCF growth 1Y123.25%
FCF growth 3Y19.78%
FCF growth 5Y9.32%
OCF growth 1Y63.89%
OCF growth 3Y14.52%
OCF growth 5Y8.09%