FERRARI NV (RACE.MI) Stock Fundamental Analysis
BIT:RACE - Euronext Milan - NL0011585146 - Common Stock - Currency: EUR
RACE gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 33 industry peers in the Automobiles industry. RACE gets an excellent profitability rating and is at the same time showing great financial health properties. RACE is valied quite expensively at the moment, while it does show a decent growth rate. With these ratings, RACE could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
RACE had positive earnings in the past year.
RACE had a positive operating cash flow in the past year.
Each year in the past 5 years RACE has been profitable.
In the past 5 years RACE always reported a positive cash flow from operatings.
1.2 Ratios
RACE has a Return On Assets of 16.02%. This is amongst the best in the industry. RACE outperforms 93.94% of its industry peers.
RACE has a Return On Equity of 43.06%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 20.08%, RACE belongs to the top of the industry, outperforming 93.94% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for RACE is significantly above the industry average of 7.78%.
The last Return On Invested Capital (20.08%) for RACE is above the 3 year average (19.26%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.02% | ||
| ROE | 43.06% | ||
| ROIC | 20.08% |
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
RACE has a better Profit Margin (22.79%) than 100.00% of its industry peers.
RACE's Profit Margin has improved in the last couple of years.
RACE's Operating Margin of 28.15% is amongst the best of the industry. RACE outperforms 96.97% of its industry peers.
In the last couple of years the Operating Margin of RACE has grown nicely.
Looking at the Gross Margin, with a value of 50.13%, RACE belongs to the top of the industry, outperforming 96.97% of the companies in the same industry.
In the last couple of years the Gross Margin of RACE has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.15% | ||
| PM (TTM) | 22.79% | ||
| GM | 50.13% |
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), RACE is creating value.
The number of shares outstanding for RACE has been reduced compared to 1 year ago.
Compared to 5 years ago, RACE has less shares outstanding
RACE has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 10.90 indicates that RACE is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 10.90, RACE belongs to the best of the industry, outperforming 93.94% of the companies in the same industry.
RACE has a debt to FCF ratio of 3.58. This is a good value and a sign of high solvency as RACE would need 3.58 years to pay back of all of its debts.
The Debt to FCF ratio of RACE (3.58) is better than 93.94% of its industry peers.
RACE has a Debt/Equity ratio of 0.95. This is a neutral value indicating RACE is somewhat dependend on debt financing.
RACE has a worse Debt to Equity ratio (0.95) than 60.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 3.58 | ||
| Altman-Z | 10.9 |
ROIC/WACC2.42
WACC8.29%
2.3 Liquidity
RACE has a Current Ratio of 2.45. This indicates that RACE is financially healthy and has no problem in meeting its short term obligations.
RACE has a Current ratio of 2.45. This is amongst the best in the industry. RACE outperforms 90.91% of its industry peers.
A Quick Ratio of 1.92 indicates that RACE should not have too much problems paying its short term obligations.
RACE's Quick ratio of 1.92 is amongst the best of the industry. RACE outperforms 93.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.45 | ||
| Quick Ratio | 1.92 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.77% over the past year.
RACE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.92% yearly.
Looking at the last year, RACE shows a quite strong growth in Revenue. The Revenue has grown by 11.83% in the last year.
Measured over the past years, RACE shows a quite strong growth in Revenue. The Revenue has been growing by 12.13% on average per year.
EPS 1Y (TTM)19.77%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%9.59%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%5%
3.2 Future
Based on estimates for the next years, RACE will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.06% on average per year.
The Revenue is expected to grow by 6.38% on average over the next years.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
RACE is valuated quite expensively with a Price/Earnings ratio of 51.26.
Based on the Price/Earnings ratio, RACE is valued a bit more expensive than 66.67% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.03, RACE is valued quite expensively.
With a Price/Forward Earnings ratio of 42.30, RACE can be considered very expensive at the moment.
66.67% of the companies in the same industry are cheaper than RACE, based on the Price/Forward Earnings ratio.
RACE's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 51.26 | ||
| Fwd PE | 42.3 |
4.2 Price Multiples
69.70% of the companies in the same industry are cheaper than RACE, based on the Enterprise Value to EBITDA ratio.
69.70% of the companies in the same industry are more expensive than RACE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 91.72 | ||
| EV/EBITDA | 34.39 |
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 RACE may justify a higher PE ratio.
PEG (NY)6.29
PEG (5Y)2.86
EPS Next 2Y11.32%
EPS Next 3Y10.77%
5. Dividend
5.1 Amount
RACE has a yearly dividend return of 0.67%, which is pretty low.
Compared to an average industry Dividend Yield of 5.78, RACE is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.36, RACE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.67% |
5.2 History
On average, the dividend of RACE grows each year by 18.29%, which is quite nice.
Dividend Growth(5Y)18.29%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
28.91% of the earnings are spent on dividend by RACE. This is a low number and sustainable payout ratio.
The dividend of RACE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP28.91%
EPS Next 2Y11.32%
EPS Next 3Y10.77%
BIT:RACE (5/21/2025, 7:00:00 PM)
443.4
+0.1 (+0.02%)
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 Cap85.98B
Analysts76.36
Price Target467.92 (5.53%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.67% |
Yearly Dividend1.81
Dividend Growth(5Y)18.29%
DP28.91%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.64%
Min EPS beat(2)3.51%
Max EPS beat(2)11.77%
EPS beat(4)4
Avg EPS beat(4)6.31%
Min EPS beat(4)2.16%
Max EPS beat(4)11.77%
EPS beat(8)8
Avg EPS beat(8)6.56%
EPS beat(12)11
Avg EPS beat(12)5.03%
EPS beat(16)14
Avg EPS beat(16)4.86%
Revenue beat(2)1
Avg Revenue beat(2)0.7%
Min Revenue beat(2)-1.38%
Max Revenue beat(2)2.78%
Revenue beat(4)2
Avg Revenue beat(4)0.99%
Min Revenue beat(4)-1.45%
Max Revenue beat(4)4.01%
Revenue beat(8)4
Avg Revenue beat(8)0.59%
Revenue beat(12)7
Avg Revenue beat(12)1.64%
Revenue beat(16)7
Avg Revenue beat(16)-0.97%
PT rev (1m)-0.06%
PT rev (3m)3.72%
EPS NQ rev (1m)-0.07%
EPS NQ rev (3m)7.34%
EPS NY rev (1m)0%
EPS NY rev (3m)0.5%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)1.97%
Revenue NY rev (1m)0.53%
Revenue NY rev (3m)0.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 51.26 | ||
| Fwd PE | 42.3 | ||
| P/S | 12.88 | ||
| P/FCF | 91.72 | ||
| P/OCF | 44.63 | ||
| P/B | 24.33 | ||
| P/tB | 71.47 | ||
| EV/EBITDA | 34.39 |
EPS(TTM)8.65
EY1.95%
EPS(NY)10.48
Fwd EY2.36%
FCF(TTM)4.83
FCFY1.09%
OCF(TTM)9.94
OCFY2.24%
SpS34.43
BVpS18.22
TBVpS6.2
PEG (NY)6.29
PEG (5Y)2.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.02% | ||
| ROE | 43.06% | ||
| ROCE | 25.22% | ||
| ROIC | 20.08% | ||
| ROICexc | 26.24% | ||
| ROICexgc | 44.36% | ||
| OM | 28.15% | ||
| PM (TTM) | 22.79% | ||
| GM | 50.13% | ||
| FCFM | 14.04% |
ROA(3y)14.53%
ROA(5y)13.08%
ROE(3y)39.98%
ROE(5y)38.33%
ROIC(3y)19.26%
ROIC(5y)17.08%
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 Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 3.58 | ||
| Debt/EBITDA | 1.32 | ||
| Cap/Depr | 148.35% | ||
| Cap/Sales | 14.82% | ||
| Interest Coverage | 37.33 | ||
| Cash Conversion | 75.67% | ||
| Profit Quality | 61.6% | ||
| Current Ratio | 2.45 | ||
| Quick Ratio | 1.92 | ||
| Altman-Z | 10.9 |
F-Score7
WACC8.29%
ROIC/WACC2.42
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)19.77%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%9.59%
EPS Next Y8.15%
EPS Next 2Y11.32%
EPS Next 3Y10.77%
EPS Next 5Y8.06%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%5%
Revenue Next Year8.77%
Revenue Next 2Y9.8%
Revenue Next 3Y8.97%
Revenue Next 5Y6.38%
EBIT growth 1Y16.65%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year42.8%
EBIT Next 3Y21.84%
EBIT Next 5Y16.43%
FCF growth 1Y10.59%
FCF growth 3Y19.78%
FCF growth 5Y9.32%
OCF growth 1Y12.23%
OCF growth 3Y14.52%
OCF growth 5Y8.09%