FERRARI NV (RACE.MI) Stock Fundamental Analysis
BIT:RACE - Euronext Milan - NL0011585146 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to RACE. RACE was compared to 28 industry peers in the Automobiles industry. RACE gets an excellent profitability rating and is at the same time showing great financial health properties. While showing a medium growth rate, RACE is valued expensive at the moment. These ratings could make RACE a good candidate 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.
RACE had positive earnings in each of the past 5 years.
In the past 5 years RACE always reported a positive cash flow from operatings.
1.2 Ratios
RACE's Return On Assets of 15.96% is amongst the best of the industry. RACE outperforms 100.00% of its industry peers.
With an excellent Return On Equity value of 44.32%, RACE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
With an excellent Return On Invested Capital value of 21.04%, RACE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
RACE had an Average Return On Invested Capital over the past 3 years of 19.26%. This is significantly above the industry average of 6.37%.
The 3 year average ROIC (19.26%) for RACE is below the current ROIC(21.04%), indicating increased profibility in the last year.
| 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
RACE has a Profit Margin of 22.99%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
In the last couple of years the Profit Margin of RACE has grown nicely.
The Operating Margin of RACE (28.75%) is better than 96.43% 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 50.52%, RACE belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
RACE's Gross Margin has been stable in the last couple of years.
| 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), RACE is creating value.
The number of shares outstanding for RACE has been reduced compared to 1 year ago.
RACE has less shares outstanding than it did 5 years ago.
The debt/assets ratio for RACE is higher compared to a year ago.
2.2 Solvency
RACE has an Altman-Z score of 9.93. This indicates that RACE is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 9.93, RACE belongs to the best of the industry, outperforming 89.29% of the companies in the same industry.
The Debt to FCF ratio of RACE is 2.67, which is a good value as it means it would take RACE, 2.67 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 2.67, RACE belongs to the best of the industry, outperforming 89.29% of the companies in the same industry.
RACE has a Debt/Equity ratio of 0.93. This is a neutral value indicating RACE is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.93, RACE is not doing good in the industry: 60.71% 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/WACC2.62
WACC8.03%
2.3 Liquidity
A Current Ratio of 2.19 indicates that RACE has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.19, RACE belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
RACE has a Quick Ratio of 1.73. This is a normal value and indicates that RACE is financially healthy and should not expect problems in meeting its short term obligations.
RACE has a Quick ratio of 1.73. This is amongst the best in the industry. RACE outperforms 96.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.73 |
3. Growth
3.1 Past
RACE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.02%, which is quite impressive.
The Earnings Per Share has been growing by 17.92% on average over the past years. This is quite good.
RACE 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
Based on estimates for the next years, RACE will show a small growth in Earnings Per Share. The EPS will grow by 7.72% on average per year.
The Revenue is expected to grow by 6.28% on average over the next years.
EPS Next Y8.15%
EPS Next 2Y11.32%
EPS Next 3Y10.77%
EPS Next 5Y7.72%
Revenue Next Year8.77%
Revenue Next 2Y9.8%
Revenue Next 3Y8.97%
Revenue Next 5Y6.28%
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
With a Price/Earnings ratio of 47.28, RACE can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of RACE indicates a slightly more expensive valuation: RACE is more expensive than 64.29% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.41. RACE is valued rather expensively when compared to this.
RACE is valuated quite expensively with a Price/Forward Earnings ratio of 39.73.
Based on the Price/Forward Earnings ratio, RACE is valued a bit more expensive than the industry average as 71.43% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 35.19. RACE is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.28 | ||
| Fwd PE | 39.73 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RACE indicates a slightly more expensive valuation: RACE is more expensive than 71.43% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as RACE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 64.6 | ||
| EV/EBITDA | 31.58 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
RACE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)5.8
PEG (5Y)2.64
EPS Next 2Y11.32%
EPS Next 3Y10.77%
5. Dividend
5.1 Amount
With a yearly dividend of 0.70%, RACE is not a good candidate for dividend investing.
RACE's Dividend Yield is slightly below the industry average, which is at 5.24.
Compared to an average S&P500 Dividend Yield of 2.35, RACE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.7% |
5.2 History
The dividend of RACE is nicely growing with an annual growth rate of 18.29%!
Dividend Growth(5Y)18.29%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
RACE pays out 27.81% of its income as dividend. This is a sustainable payout ratio.
The dividend of RACE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP27.81%
EPS Next 2Y11.32%
EPS Next 3Y10.77%
BIT:RACE (7/14/2025, 3:26:58 PM)
416.55
-5.05 (-1.2%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners41.52%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap80.78B
Analysts76.19
Price Target467.99 (12.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.7% |
Yearly Dividend1.81
Dividend Growth(5Y)18.29%
DP27.81%
Div Incr Years0
Div Non Decr Years0
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%
PT rev (3m)-0.04%
EPS NQ rev (1m)0.57%
EPS NQ rev (3m)-1.86%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.12%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)0.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.28 | ||
| Fwd PE | 39.73 | ||
| P/S | 11.74 | ||
| P/FCF | 64.6 | ||
| P/OCF | 35.6 | ||
| P/B | 22.63 | ||
| P/tB | 67.1 | ||
| EV/EBITDA | 31.58 |
EPS(TTM)8.81
EY2.11%
EPS(NY)10.48
Fwd EY2.52%
FCF(TTM)6.45
FCFY1.55%
OCF(TTM)11.7
OCFY2.81%
SpS35.49
BVpS18.41
TBVpS6.21
PEG (NY)5.8
PEG (5Y)2.64
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
WACC8.03%
ROIC/WACC2.62
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 5Y7.72%
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 5Y6.28%
EBIT growth 1Y18.59%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year40.75%
EBIT Next 3Y21.74%
EBIT Next 5Y14.22%
FCF growth 1Y123.25%
FCF growth 3Y19.78%
FCF growth 5Y9.32%
OCF growth 1Y63.89%
OCF growth 3Y14.52%
OCF growth 5Y8.09%