FERRARI NV (RACE.MI) Stock Fundamental Analysis
Europe - BIT:RACE - NL0011585146 - Common Stock
405.9 EUR
+1.7 (+0.42%)
Taking everything into account, RACE scores 6 out of 10 in our fundamental rating. RACE was compared to 29 industry peers in the Automobiles industry. RACE scores excellent points on both the profitability and health parts. This is a solid base for a good stock. RACE is quite expensive at the moment. It does show a decent growth rate. These ratings would make RACE suitable 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 better Return On Assets (16.52%) than 100.00% of its industry peers.
RACE has a better Return On Equity (45.01%) than 100.00% of its industry peers.
The Return On Invested Capital of RACE (22.10%) is better than 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for RACE is significantly above the industry average of 6.83%.
The 3 year average ROIC (19.26%) for RACE is below the current ROIC(22.10%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 22.91%, RACE belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of RACE has grown nicely.
The Operating Margin of RACE (29.02%) is better than 96.55% of its industry peers.
RACE's Operating Margin has improved in the last couple of years.
RACE has a better Gross Margin (51.20%) than 96.55% of its industry peers.
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 | 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.
Compared to 1 year ago, RACE has a worse debt to assets ratio.
2.2 Solvency
RACE has an Altman-Z score of 9.96. This indicates that RACE is financially healthy and has little risk of bankruptcy at the moment.
RACE's Altman-Z score of 9.96 is amongst the best of the industry. RACE outperforms 96.55% of its industry peers.
RACE has a debt to FCF ratio of 2.32. This is a good value and a sign of high solvency as RACE would need 2.32 years to pay back of all of its debts.
RACE's Debt to FCF ratio of 2.32 is amongst the best of the industry. RACE outperforms 86.21% of its industry peers.
A Debt/Equity ratio of 0.89 indicates that 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: 62.07% 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 | 9.96 |
ROIC/WACC2.78
WACC7.94%
2.3 Liquidity
A Current Ratio of 2.08 indicates that RACE has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.08, RACE belongs to the best of the industry, outperforming 93.10% of the companies in the same industry.
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 96.55% 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 16.02% 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 9.34%.
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)16.02%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%4.37%
Revenue 1Y (TTM)9.34%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%4.38%
3.2 Future
The Earnings Per Share is expected to grow by 8.14% on average over the next years. This is quite good.
RACE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.78% yearly.
EPS Next Y6.93%
EPS Next 2Y12.44%
EPS Next 3Y11.69%
EPS Next 5Y8.14%
Revenue Next Year7.33%
Revenue Next 2Y9.45%
Revenue Next 3Y8.73%
Revenue Next 5Y6.78%
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 45.56, RACE can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as RACE.
RACE's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.32.
With a Price/Forward Earnings ratio of 37.95, RACE can be considered very expensive at the moment.
RACE's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. RACE is more expensive than 65.52% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.89, RACE is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.56 | ||
| Fwd PE | 37.95 |
4.2 Price Multiples
68.97% 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 ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 57.92 | ||
| EV/EBITDA | 30.06 |
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.
RACE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)6.58
PEG (5Y)2.54
EPS Next 2Y12.44%
EPS Next 3Y11.69%
5. Dividend
5.1 Amount
With a yearly dividend of 0.74%, RACE is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.12, RACE is paying slightly less dividend.
With a Dividend Yield of 0.74, RACE pays less dividend than the S&P500 average, which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
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
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 2Y12.44%
EPS Next 3Y11.69%
BIT:RACE (9/26/2025, 7:00:00 PM)
405.9
+1.7 (+0.42%)
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 Cap78.71B
Analysts75.45
Price Target471.65 (16.2%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
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)1.41%
PT rev (3m)0.78%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.71%
EPS NY rev (1m)0.14%
EPS NY rev (3m)-1.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.02%
Revenue NY rev (1m)0.25%
Revenue NY rev (3m)-1.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.56 | ||
| Fwd PE | 37.95 | ||
| P/S | 11.31 | ||
| P/FCF | 57.92 | ||
| P/OCF | 33.52 | ||
| P/B | 22.22 | ||
| P/tB | 68.87 | ||
| EV/EBITDA | 30.06 |
EPS(TTM)8.91
EY2.2%
EPS(NY)10.7
Fwd EY2.64%
FCF(TTM)7.01
FCFY1.73%
OCF(TTM)12.11
OCFY2.98%
SpS35.88
BVpS18.26
TBVpS5.89
PEG (NY)6.58
PEG (5Y)2.54
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%
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-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 | 9.96 |
F-Score8
WACC7.94%
ROIC/WACC2.78
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)16.02%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%4.37%
EPS Next Y6.93%
EPS Next 2Y12.44%
EPS Next 3Y11.69%
EPS Next 5Y8.14%
Revenue 1Y (TTM)9.34%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%4.38%
Revenue Next Year7.33%
Revenue Next 2Y9.45%
Revenue Next 3Y8.73%
Revenue Next 5Y6.78%
EBIT growth 1Y15.89%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year46.53%
EBIT Next 3Y22.29%
EBIT Next 5Y14.71%
FCF growth 1Y103.88%
FCF growth 3Y19.78%
FCF growth 5Y9.32%
OCF growth 1Y54.15%
OCF growth 3Y14.52%
OCF growth 5Y8.09%