FERRARI NV (RACE)
NL0011585146 - Common Stock
Overall RACE gets a fundamental rating of 7 out of 10. We evaluated RACE against 40 industry peers in the Automobiles industry. RACE has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. RACE has a decent growth rate and is not valued too expensively. This makes RACE very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year RACE was profitable.
In the past year RACE had a positive cash flow from operations.
RACE had positive earnings in each of the past 5 years.
RACE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
RACE has a Return On Assets of 15.55%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
RACE has a Return On Equity of 40.90%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
With an excellent Return On Invested Capital value of 21.07%, RACE belongs to the best of the industry, outperforming 97.37% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for RACE is significantly above the industry average of 12.29%.
The last Return On Invested Capital (21.07%) for RACE is above the 3 year average (17.80%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.55% | ||
| ROE | 40.9% | ||
| ROIC | 21.07% |
ROA(3y)13.22%
ROA(5y)12.43%
ROE(3y)38.18%
ROE(5y)39.11%
ROIC(3y)17.8%
ROIC(5y)16.63%
1.3 Margins
RACE has a better Profit Margin (20.97%) than 100.00% of its industry peers.
RACE's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 26.99%, RACE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
RACE's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 49.82%, RACE belongs to the best of the industry, outperforming 97.37% 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 | 26.99% | ||
| PM (TTM) | 20.97% | ||
| GM | 49.82% |
OM growth 3Y9.48%
OM growth 5Y2.26%
PM growth 3Y6.08%
PM growth 5Y-1.78%
GM growth 3Y-0.95%
GM growth 5Y-1.08%
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
Compared to 5 years ago, RACE has less shares outstanding
RACE has a better debt/assets ratio than last year.
2.2 Solvency
RACE has an Altman-Z score of 10.56. This indicates that RACE is financially healthy and has little risk of bankruptcy at the moment.
RACE has a better Altman-Z score (10.56) than 94.74% of its industry peers.
The Debt to FCF ratio of RACE is 2.92, which is a good value as it means it would take RACE, 2.92 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of RACE (2.92) is better than 92.11% of its industry peers.
RACE has a Debt/Equity ratio of 0.81. This is a neutral value indicating RACE is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.81, RACE is not doing good in the industry: 71.05% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 2.92 | ||
| Altman-Z | 10.56 |
ROIC/WACC2.54
WACC8.3%
2.3 Liquidity
RACE has a Current Ratio of 1.99. This is a normal value and indicates that RACE is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.99, RACE is in the better half of the industry, outperforming 71.05% of the companies in the same industry.
RACE has a Quick Ratio of 1.52. 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 better Quick ratio (1.52) than 71.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.52 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 35.36% over the past year.
The Earnings Per Share has been growing by 15.24% on average over the past years. This is quite good.
The Revenue has grown by 17.17% in the past year. This is quite good.
RACE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.79% yearly.
EPS 1Y (TTM)35.36%
EPS 3Y28.2%
EPS 5Y15.24%
EPS growth Q2Q33.88%
Revenue 1Y (TTM)17.17%
Revenue growth 3Y19.94%
Revenue growth 5Y11.79%
Revenue growth Q2Q11.36%
3.2 Future
RACE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.28% yearly.
Based on estimates for the next years, RACE will show a small growth in Revenue. The Revenue will grow by 5.96% on average per year.
EPS Next Y14.66%
EPS Next 2Y13.1%
EPS Next 3Y11.75%
EPS Next 5Y6.28%
Revenue Next Year9.52%
Revenue Next 2Y8.59%
Revenue Next 3Y7.63%
Revenue Next 5Y5.96%
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
A Price/Earnings ratio of 57.17 indicates a quite expensive valuation of RACE.
Compared to the rest of the industry, the Price/Earnings ratio of RACE indicates a somewhat cheap valuation: RACE is cheaper than 71.05% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 24.84. RACE is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 49.89 indicates a quite expensive valuation of RACE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of RACE indicates a somewhat cheap valuation: RACE is cheaper than 71.05% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.35. RACE is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.17 | ||
| Fwd PE | 49.89 |
4.2 Price Multiples
RACE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. RACE is cheaper than 73.68% of the companies in the same industry.
RACE's Price/Free Cash Flow ratio is rather cheap when compared to the industry. RACE is cheaper than 81.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 83.87 | ||
| EV/EBITDA | 31.11 |
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)3.9
PEG (5Y)3.75
EPS Next 2Y13.1%
EPS Next 3Y11.75%
5. Dividend
5.1 Amount
With a yearly dividend of 0.63%, RACE is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.94, RACE pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.63, RACE pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.63% |
5.2 History
On average, the dividend of RACE grows each year by 19.85%, which is quite nice.
RACE has been paying a dividend for over 5 years, so it has already some track record.
RACE has decreased its dividend in the last 3 years.
Dividend Growth(5Y)19.85%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
RACE pays out 26.25% 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.
DP26.25%
EPS Next 2Y13.1%
EPS Next 3Y11.75%
FERRARI NV
NYSE:RACE (4/26/2024, 7:12:36 PM)
After market: 421.98 -0.48 (-0.11%)422.46
+10.25 (+2.49%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap76.22B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.63% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.17 | ||
| Fwd PE | 49.89 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.9
PEG (5Y)3.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.55% | ||
| ROE | 40.9% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 26.99% | ||
| PM (TTM) | 20.97% | ||
| GM | 49.82% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.52 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)35.36%
EPS 3Y28.2%
EPS 5Y
EPS growth Q2Q
EPS Next Y14.66%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)17.17%
Revenue growth 3Y19.94%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y