FERRARI NV (RACE.MI) Stock Fundamental Analysis
Europe - BIT:RACE - NL0011585146 - Common Stock
368.8 EUR
+4.7 (+1.29%)
Taking everything into account, RACE scores 6 out of 10 in our fundamental rating. RACE was compared to 31 industry peers in the Automobiles industry. Both the health and profitability get an excellent rating, making RACE a very profitable company, without any liquidiy or solvency issues. While showing a medium growth rate, RACE is valued expensive at the moment. These ratings would make RACE suitable for quality investing!
1. Profitability
1.1 Basic Checks
RACE had positive earnings in the past year.
In the past year RACE had a positive cash flow from operations.
In the past 5 years RACE has always been profitable.
In the past 5 years RACE always reported a positive cash flow from operatings.
1.2 Ratios
RACE's Return On Assets of 16.52% is amongst the best of the industry. RACE outperforms 96.77% of its industry peers.
With an excellent Return On Equity value of 45.01%, RACE belongs to the best of the industry, outperforming 96.77% of the companies in the same industry.
With an excellent Return On Invested Capital value of 22.10%, RACE belongs to the best of the industry, outperforming 96.77% 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 6.79%.
The last Return On Invested Capital (22.10%) for RACE is above the 3 year average (19.26%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.52% | ||
| ROE | 45.01% | ||
| ROIC | 22.1% |
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's Profit Margin of 22.91% is amongst the best of the industry. RACE outperforms 96.77% of its industry peers.
In the last couple of years the Profit Margin of RACE has grown nicely.
RACE has a Operating Margin of 29.02%. This is amongst the best in the industry. RACE outperforms 93.55% of its industry peers.
In the last couple of years the Operating Margin of RACE has grown nicely.
RACE's Gross Margin of 51.20% is amongst the best of the industry. RACE outperforms 93.55% of its industry peers.
RACE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.02% | ||
| PM (TTM) | 22.91% | ||
| GM | 51.2% |
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
RACE has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
RACE has less shares outstanding than it did 1 year ago.
The number of shares outstanding for RACE has been reduced compared to 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 9.16. This indicates that RACE is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 9.16, RACE belongs to the top of the industry, outperforming 96.77% of the companies in the same industry.
The Debt to FCF ratio of RACE is 2.32, which is a good value as it means it would take RACE, 2.32 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of RACE (2.32) is better than 87.10% of its industry peers.
RACE has a Debt/Equity ratio of 0.89. This is a neutral value indicating RACE is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.89, RACE is not doing good in the industry: 67.74% of the companies in the same industry are doing better.
Although RACE does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 2.32 | ||
| Altman-Z | 9.16 |
ROIC/WACC2.79
WACC7.93%
2.3 Liquidity
RACE has a Current Ratio of 2.08. This indicates that RACE is financially healthy and has no problem in meeting its short term obligations.
RACE has a better Current ratio (2.08) than 90.32% of its industry peers.
A Quick Ratio of 1.61 indicates that RACE should not have too much problems paying its short term obligations.
RACE's Quick ratio of 1.61 is amongst the best of the industry. RACE outperforms 87.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.08 | ||
| Quick Ratio | 1.61 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.43% over the past year.
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 11.83%.
RACE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.13% yearly.
EPS 1Y (TTM)13.43%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%4.62%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%9.29%
3.2 Future
RACE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.35% yearly.
The Revenue is expected to grow by 6.41% on average over the next years.
EPS Next Y7.2%
EPS Next 2Y9.88%
EPS Next 3Y9.62%
EPS Next 5Y8.35%
Revenue Next Year7.72%
Revenue Next 2Y8.75%
Revenue Next 3Y7.87%
Revenue Next 5Y6.41%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 40.93, RACE can be considered very expensive at the moment.
RACE's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.34, RACE is valued quite expensively.
RACE is valuated quite expensively with a Price/Forward Earnings ratio of 36.11.
Compared to the rest of the industry, the Price/Forward Earnings ratio of RACE indicates a slightly more expensive valuation: RACE is more expensive than 70.97% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.43. RACE is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.93 | ||
| Fwd PE | 36.11 |
4.2 Price Multiples
RACE's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. RACE is more expensive than 70.97% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RACE is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 52.62 | ||
| EV/EBITDA | 27.03 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates RACE does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of RACE may justify a higher PE ratio.
PEG (NY)5.69
PEG (5Y)2.28
EPS Next 2Y9.88%
EPS Next 3Y9.62%
5. Dividend
5.1 Amount
With a yearly dividend of 0.85%, RACE is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.21, RACE is paying slightly less dividend.
With a Dividend Yield of 0.85, RACE pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
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 32.88% 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.
DP32.88%
EPS Next 2Y9.88%
EPS Next 3Y9.62%
BIT:RACE (11/12/2025, 7:00:00 PM)
368.8
+4.7 (+1.29%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners41.88%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap71.52B
Revenue(TTM)6.68B
Net Income(TTM)1.59B
Analysts76.52
Price Target424.44 (15.09%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
Yearly Dividend1.81
Dividend Growth(5Y)18.29%
DP32.88%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.75%
Min EPS beat(2)-1.9%
Max EPS beat(2)-1.61%
EPS beat(4)2
Avg EPS beat(4)2.94%
Min EPS beat(4)-1.9%
Max EPS beat(4)11.77%
EPS beat(8)6
Avg EPS beat(8)4.89%
EPS beat(12)9
Avg EPS beat(12)4.24%
EPS beat(16)13
Avg EPS beat(16)4.56%
Revenue beat(2)0
Avg Revenue beat(2)-2.67%
Min Revenue beat(2)-4.23%
Max Revenue beat(2)-1.1%
Revenue beat(4)1
Avg Revenue beat(4)-0.98%
Min Revenue beat(4)-4.23%
Max Revenue beat(4)2.78%
Revenue beat(8)3
Avg Revenue beat(8)0.1%
Revenue beat(12)6
Avg Revenue beat(12)1.03%
Revenue beat(16)7
Avg Revenue beat(16)0.53%
PT rev (1m)-9.61%
PT rev (3m)-8.67%
EPS NQ rev (1m)-2.58%
EPS NQ rev (3m)-4.39%
EPS NY rev (1m)0.25%
EPS NY rev (3m)-0.89%
Revenue NQ rev (1m)-0.57%
Revenue NQ rev (3m)-1.65%
Revenue NY rev (1m)0.36%
Revenue NY rev (3m)-0.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.93 | ||
| Fwd PE | 36.11 | ||
| P/S | 10.28 | ||
| P/FCF | 52.62 | ||
| P/OCF | 30.46 | ||
| P/B | 20.19 | ||
| P/tB | 62.58 | ||
| EV/EBITDA | 27.03 |
EPS(TTM)9.01
EY2.44%
EPS(NY)10.21
Fwd EY2.77%
FCF(TTM)7.01
FCFY1.9%
OCF(TTM)12.11
OCFY3.28%
SpS35.88
BVpS18.26
TBVpS5.89
PEG (NY)5.69
PEG (5Y)2.28
Graham Number60.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.52% | ||
| ROE | 45.01% | ||
| ROCE | 27.75% | ||
| ROIC | 22.1% | ||
| ROICexc | 27.97% | ||
| ROICexgc | 47.99% | ||
| OM | 29.02% | ||
| PM (TTM) | 22.91% | ||
| GM | 51.2% | ||
| FCFM | 19.53% |
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%
ROICexgc growth 3Y1.86%
ROICexgc 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-Score8
Asset Turnover0.72
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 2.32 | ||
| Debt/EBITDA | 1.18 | ||
| Cap/Depr | 151.4% | ||
| Cap/Sales | 14.21% | ||
| Interest Coverage | 25.44 | ||
| Cash Conversion | 87.87% | ||
| Profit Quality | 85.25% | ||
| Current Ratio | 2.08 | ||
| Quick Ratio | 1.61 | ||
| Altman-Z | 9.16 |
F-Score8
WACC7.93%
ROIC/WACC2.79
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)13.43%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%4.62%
EPS Next Y7.2%
EPS Next 2Y9.88%
EPS Next 3Y9.62%
EPS Next 5Y8.35%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%9.29%
Revenue Next Year7.72%
Revenue Next 2Y8.75%
Revenue Next 3Y7.87%
Revenue Next 5Y6.41%
EBIT growth 1Y15.89%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year46.53%
EBIT Next 3Y22.29%
EBIT Next 5Y14.41%
FCF growth 1Y103.88%
FCF growth 3Y19.78%
FCF growth 5Y9.32%
OCF growth 1Y54.15%
OCF growth 3Y14.52%
OCF growth 5Y8.09%
FERRARI NV / RACE.MI FAQ
Can you provide the ChartMill fundamental rating for FERRARI NV?
ChartMill assigns a fundamental rating of 6 / 10 to RACE.MI.
What is the valuation status of FERRARI NV (RACE.MI) stock?
ChartMill assigns a valuation rating of 2 / 10 to FERRARI NV (RACE.MI). This can be considered as Overvalued.
Can you provide the profitability details for FERRARI NV?
FERRARI NV (RACE.MI) has a profitability rating of 9 / 10.
What are the PE and PB ratios of FERRARI NV (RACE.MI) stock?
The Price/Earnings (PE) ratio for FERRARI NV (RACE.MI) is 40.93 and the Price/Book (PB) ratio is 20.19.
How sustainable is the dividend of FERRARI NV (RACE.MI) stock?
The dividend rating of FERRARI NV (RACE.MI) is 3 / 10 and the dividend payout ratio is 32.88%.