FERRARI NV (RACE.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:RACE • NL0011585146
280.8 EUR
-2.3 (-0.81%)
Last: Jan 30, 2026, 07:00 PM
Overall RACE gets a fundamental rating of 6 out of 10. We evaluated RACE against 32 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. This makes RACE very considerable 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.
- Each year in the past 5 years RACE has been profitable.
- Each year in the past 5 years RACE had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 16.52%, RACE belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
- With an excellent Return On Equity value of 45.01%, RACE belongs to the best of the industry, outperforming 96.88% of the companies in the same industry.
- RACE has a Return On Invested Capital of 22.10%. This is amongst the best in the industry. RACE outperforms 96.88% of its industry peers.
- RACE had an Average Return On Invested Capital over the past 3 years of 19.26%. This is significantly above the industry average of 5.93%.
- 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
- With an excellent Profit Margin value of 22.91%, RACE belongs to the best of the industry, outperforming 96.88% of the companies in the same industry.
- RACE's Profit Margin has improved in the last couple of years.
- RACE's Operating Margin of 29.02% is amongst the best of the industry. RACE outperforms 93.75% of its industry peers.
- In the last couple of years the Operating Margin of RACE has grown nicely.
- RACE has a Gross Margin of 51.20%. This is amongst the best in the industry. RACE outperforms 93.75% 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
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so RACE is creating value.
- Compared to 1 year ago, RACE has less shares outstanding
- The number of shares outstanding for RACE has been reduced compared to 5 years ago.
- RACE has a worse debt/assets ratio than last year.
2.2 Solvency
- RACE has an Altman-Z score of 7.57. 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 7.57, RACE belongs to the top of the industry, outperforming 100.00% 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.
- RACE's Debt to FCF ratio of 2.32 is amongst the best of the industry. RACE outperforms 87.50% 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.
- The Debt to Equity ratio of RACE (0.89) is worse than 65.63% of its industry peers.
- Even though the debt/equity ratio score it not favorable for RACE, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 2.32 | ||
| Altman-Z | 7.57 |
ROIC/WACC2.82
WACC7.85%
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's Current ratio of 2.08 is amongst the best of the industry. RACE outperforms 81.25% of its industry peers.
- A Quick Ratio of 1.61 indicates that RACE should not have too much problems paying its short term obligations.
- The Quick ratio of RACE (1.61) is better than 84.38% 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 12.97% 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.
- The Revenue has grown by 11.83% in the past year. This is quite good.
- The Revenue has been growing by 12.13% on average over the past years. This is quite good.
EPS 1Y (TTM)12.97%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%2.88%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%7.42%
3.2 Future
- The Earnings Per Share is expected to grow by 9.04% on average over the next years. This is quite good.
- Based on estimates for the next years, RACE will show a small growth in Revenue. The Revenue will grow by 7.12% on average per year.
EPS Next Y7.24%
EPS Next 2Y7.07%
EPS Next 3Y8.21%
EPS Next 5Y9.04%
Revenue Next Year7.83%
Revenue Next 2Y6.9%
Revenue Next 3Y7.05%
Revenue Next 5Y7.12%
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
- RACE is valuated quite expensively with a Price/Earnings ratio of 31.30.
- RACE's Price/Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Earnings ratio of 28.32, RACE is valued at the same level.
- Based on the Price/Forward Earnings ratio of 28.95, the valuation of RACE can be described as expensive.
- 71.88% of the companies in the same industry are cheaper than RACE, based on the Price/Forward Earnings ratio.
- RACE is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.3 | ||
| Fwd PE | 28.95 |
4.2 Price Multiples
- 71.88% of the companies in the same industry are cheaper than RACE, based on the Enterprise Value to EBITDA ratio.
- RACE's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.07 | ||
| EV/EBITDA | 20.99 |
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)4.33
PEG (5Y)1.75
EPS Next 2Y7.07%
EPS Next 3Y8.21%
5. Dividend
5.1 Amount
- RACE has a Yearly Dividend Yield of 1.05%.
- RACE's Dividend Yield is slightly below the industry average, which is at 3.73.
- Compared to an average S&P500 Dividend Yield of 1.83, RACE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
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.
- RACE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP32.88%
EPS Next 2Y7.07%
EPS Next 3Y8.21%
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 for RACE 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.
Can you provide the financial health for RACE stock?
The financial health rating of FERRARI NV (RACE.MI) is 8 / 10.
What is the earnings growth outlook for FERRARI NV?
The Earnings per Share (EPS) of FERRARI NV (RACE.MI) is expected to grow by 7.24% in the next year.