FERRARI NV (RACE.MI) Fundamental Analysis & Valuation

BIT:RACE • NL0011585146

Current stock price

276.4 EUR
-2.9 (-1.04%)
Last:

This RACE.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. RACE.MI Profitability Analysis

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.
RACE.MI Yearly Net Income VS EBIT VS OCF VS FCFRACE.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

1.2 Ratios

  • The Return On Assets of RACE (16.59%) is better than 96.88% of its industry peers.
  • RACE has a Return On Equity of 40.87%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
  • RACE has a better Return On Invested Capital (22.35%) than 100.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for RACE is significantly above the industry average of 5.91%.
  • The last Return On Invested Capital (22.35%) for RACE is above the 3 year average (21.13%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 16.59%
ROE 40.87%
ROIC 22.35%
ROA(3y)16.05%
ROA(5y)14.45%
ROE(3y)41.61%
ROE(5y)39.69%
ROIC(3y)21.13%
ROIC(5y)19.15%
RACE.MI Yearly ROA, ROE, ROICRACE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80 100

1.3 Margins

  • RACE's Profit Margin of 22.35% is amongst the best of the industry. RACE outperforms 100.00% of its industry peers.
  • In the last couple of years the Profit Margin of RACE has grown nicely.
  • RACE has a Operating Margin of 29.35%. This is amongst the best in the industry. RACE outperforms 96.88% of its industry peers.
  • In the last couple of years the Operating Margin of RACE has grown nicely.
  • RACE has a better Gross Margin (51.68%) than 100.00% 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 RankSector Rank
OM 29.35%
PM (TTM) 22.35%
GM 51.68%
OM growth 3Y6.98%
OM growth 5Y7.37%
PM growth 3Y6.88%
PM growth 5Y4.93%
GM growth 3Y2.48%
GM growth 5Y0.16%
RACE.MI Yearly Profit, Operating, Gross MarginsRACE.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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9

2. RACE.MI Health Analysis

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.
  • Compared to 5 years ago, RACE has less shares outstanding
  • The debt/assets ratio for RACE has been reduced compared to a year ago.
RACE.MI Yearly Shares OutstandingRACE.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
RACE.MI Yearly Total Debt VS Total AssetsRACE.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • RACE has an Altman-Z score of 8.02. This indicates that RACE is financially healthy and has little risk of bankruptcy at the moment.
  • RACE has a better Altman-Z score (8.02) than 90.63% of its industry peers.
  • The Debt to FCF ratio of RACE is 2.05, which is a good value as it means it would take RACE, 2.05 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 2.05, RACE belongs to the best of the industry, outperforming 90.63% of the companies in the same industry.
  • RACE has a Debt/Equity ratio of 0.74. This is a neutral value indicating RACE is somewhat dependend on debt financing.
  • RACE has a Debt to Equity ratio (0.74) which is comparable to the rest of the industry.
  • 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 RankSector Rank
Debt/Equity 0.74
Debt/FCF 2.05
Altman-Z 8.02
ROIC/WACC2.88
WACC7.77%
RACE.MI Yearly LT Debt VS Equity VS FCFRACE.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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 90.63% of the companies in the same industry.
  • A Quick Ratio of 1.69 indicates that RACE should not have too much problems paying its short term obligations.
  • With an excellent Quick ratio value of 1.69, RACE belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.19
Quick Ratio 1.69
RACE.MI Yearly Current Assets VS Current LiabilitesRACE.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. RACE.MI Growth Analysis

3.1 Past

  • RACE shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.03%.
  • RACE shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.36% yearly.
  • Looking at the last year, RACE shows a small growth in Revenue. The Revenue has grown by 7.03% in the last year.
  • RACE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.61% yearly.
EPS 1Y (TTM)6.03%
EPS 3Y20.79%
EPS 5Y22.36%
EPS Q2Q%0%
Revenue 1Y (TTM)7.03%
Revenue growth 3Y11.93%
Revenue growth 5Y15.61%
Sales Q2Q%3.8%

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 8.79% on average per year.
  • RACE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.14% yearly.
EPS Next Y8.89%
EPS Next 2Y9.63%
EPS Next 3Y8.7%
EPS Next 5Y8.79%
Revenue Next Year5.98%
Revenue Next 2Y6.69%
Revenue Next 3Y6.56%
Revenue Next 5Y6.14%

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.
RACE.MI Yearly Revenue VS EstimatesRACE.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
RACE.MI Yearly EPS VS EstimatesRACE.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15

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2

4. RACE.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • RACE is valuated quite expensively with a Price/Earnings ratio of 30.81.
  • RACE's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 25.50, RACE is valued a bit more expensive.
  • With a Price/Forward Earnings ratio of 28.30, RACE can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, RACE is valued a bit more expensive than 65.63% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.67, RACE is valued a bit more expensive.
Industry RankSector Rank
PE 30.81
Fwd PE 28.3
RACE.MI Price Earnings VS Forward Price EarningsRACE.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 68.75% 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 a bit cheaper when compared to the industry. RACE is cheaper than 68.75% of the companies in the same industry.
Industry RankSector Rank
P/FCF 38.12
EV/EBITDA 20.14
RACE.MI Per share dataRACE.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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)3.47
PEG (5Y)1.38
EPS Next 2Y9.63%
EPS Next 3Y8.7%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. RACE.MI Dividend Analysis

5.1 Amount

  • RACE has a Yearly Dividend Yield of 1.09%.
  • RACE's Dividend Yield is slightly below the industry average, which is at 3.60.
  • Compared to an average S&P500 Dividend Yield of 1.89, RACE's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.09%

5.2 History

  • On average, the dividend of RACE grows each year by 21.56%, which is quite nice.
Dividend Growth(5Y)21.56%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 33.17% 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.
DP33.17%
EPS Next 2Y9.63%
EPS Next 3Y8.7%
RACE.MI Yearly Income VS Free CF VS DividendRACE.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
RACE.MI Dividend Payout.RACE.MI Dividend Payout, showing the Payout Ratio.RACE.MI Dividend Payout.PayoutRetained Earnings

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RACE.MI Fundamentals: All Metrics, Ratios and Statistics

FERRARI NV

BIT:RACE (3/25/2026, 5:36:15 PM)

276.4

-2.9 (-1.04%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)02-10
Earnings (Next)05-05
Inst Owners43.25%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap53.60B
Revenue(TTM)7.15B
Net Income(TTM)1.60B
Analysts75.56
Price Target383.28 (38.67%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.09%
Yearly Dividend2.22
Dividend Growth(5Y)21.56%
DP33.17%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.6%
Min EPS beat(2)1.23%
Max EPS beat(2)1.97%
EPS beat(4)2
Avg EPS beat(4)-0.08%
Min EPS beat(4)-1.9%
Max EPS beat(4)1.97%
EPS beat(8)6
Avg EPS beat(8)3.12%
EPS beat(12)10
Avg EPS beat(12)4.35%
EPS beat(16)13
Avg EPS beat(16)3.76%
Revenue beat(2)1
Avg Revenue beat(2)0.65%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)1.96%
Revenue beat(4)1
Avg Revenue beat(4)-1.01%
Min Revenue beat(4)-4.23%
Max Revenue beat(4)1.96%
Revenue beat(8)3
Avg Revenue beat(8)-0.01%
Revenue beat(12)5
Avg Revenue beat(12)0.06%
Revenue beat(16)8
Avg Revenue beat(16)0.98%
PT rev (1m)0.04%
PT rev (3m)-8.6%
EPS NQ rev (1m)-0.16%
EPS NQ rev (3m)-17.99%
EPS NY rev (1m)0.71%
EPS NY rev (3m)-3.46%
Revenue NQ rev (1m)1.52%
Revenue NQ rev (3m)-6.78%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)-1.8%
Valuation
Industry RankSector Rank
PE 30.81
Fwd PE 28.3
P/S 7.5
P/FCF 38.12
P/OCF 22.82
P/B 13.72
P/tB 36.14
EV/EBITDA 20.14
EPS(TTM)8.97
EY3.25%
EPS(NY)9.77
Fwd EY3.53%
FCF(TTM)7.25
FCFY2.62%
OCF(TTM)12.11
OCFY4.38%
SpS36.85
BVpS20.15
TBVpS7.65
PEG (NY)3.47
PEG (5Y)1.38
Graham Number63.77
Profitability
Industry RankSector Rank
ROA 16.59%
ROE 40.87%
ROCE 28.24%
ROIC 22.35%
ROICexc 27.88%
ROICexgc 47.01%
OM 29.35%
PM (TTM) 22.35%
GM 51.68%
FCFM 19.68%
ROA(3y)16.05%
ROA(5y)14.45%
ROE(3y)41.61%
ROE(5y)39.69%
ROIC(3y)21.13%
ROIC(5y)19.15%
ROICexc(3y)26.62%
ROICexc(5y)24.54%
ROICexgc(3y)46.02%
ROICexgc(5y)43.96%
ROCE(3y)26.7%
ROCE(5y)24.19%
ROICexgc growth 3Y5.49%
ROICexgc growth 5Y8.03%
ROICexc growth 3Y9.13%
ROICexc growth 5Y11.79%
OM growth 3Y6.98%
OM growth 5Y7.37%
PM growth 3Y6.88%
PM growth 5Y4.93%
GM growth 3Y2.48%
GM growth 5Y0.16%
F-Score8
Asset Turnover0.74
Health
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 2.05
Debt/EBITDA 1.05
Cap/Depr 142.49%
Cap/Sales 13.2%
Interest Coverage 16.61
Cash Conversion 85.15%
Profit Quality 88.05%
Current Ratio 2.19
Quick Ratio 1.69
Altman-Z 8.02
F-Score8
WACC7.77%
ROIC/WACC2.88
Cap/Depr(3y)140.68%
Cap/Depr(5y)146.2%
Cap/Sales(3y)14.19%
Cap/Sales(5y)15.12%
Profit Quality(3y)72.45%
Profit Quality(5y)69.45%
High Growth Momentum
Growth
EPS 1Y (TTM)6.03%
EPS 3Y20.79%
EPS 5Y22.36%
EPS Q2Q%0%
EPS Next Y8.89%
EPS Next 2Y9.63%
EPS Next 3Y8.7%
EPS Next 5Y8.79%
Revenue 1Y (TTM)7.03%
Revenue growth 3Y11.93%
Revenue growth 5Y15.61%
Sales Q2Q%3.8%
Revenue Next Year5.98%
Revenue Next 2Y6.69%
Revenue Next 3Y6.56%
Revenue Next 5Y6.14%
EBIT growth 1Y11.58%
EBIT growth 3Y19.75%
EBIT growth 5Y24.13%
EBIT Next Year41.25%
EBIT Next 3Y17.9%
EBIT Next 5Y13.3%
FCF growth 1Y49.99%
FCF growth 3Y32.92%
FCF growth 5Y61.19%
OCF growth 1Y21.94%
OCF growth 3Y18.74%
OCF growth 5Y22.89%

FERRARI NV / RACE.MI Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FERRARI NV?

ChartMill assigns a fundamental rating of 7 / 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 9 / 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 8.89% in the next year.