FERRARI NV (2FE.DE) Stock Fundamental Analysis
FRA:2FE - Deutsche Boerse Ag - NL0011585146 - Common Stock - Currency: EUR
We assign a fundamental rating of 7 out of 10 to 2FE. 2FE was compared to 29 industry peers in the Automobiles industry. 2FE gets an excellent profitability rating and is at the same time showing great financial health properties. 2FE is quite expensive at the moment. It does show a decent growth rate. These ratings would make 2FE suitable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year 2FE was profitable.
In the past year 2FE had a positive cash flow from operations.
In the past 5 years 2FE has always been profitable.
In the past 5 years 2FE always reported a positive cash flow from operatings.
1.2 Ratios
2FE has a Return On Assets of 15.92%. This is amongst the best in the industry. 2FE outperforms 96.30% of its industry peers.
With an excellent Return On Equity value of 42.89%, 2FE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
2FE has a better Return On Invested Capital (20.40%) than 96.30% of its industry peers.
2FE had an Average Return On Invested Capital over the past 3 years of 17.80%. This is significantly above the industry average of 8.71%.
The 3 year average ROIC (17.80%) for 2FE is below the current ROIC(20.40%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.92% | ||
| ROE | 42.89% | ||
| ROIC | 20.4% |
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
With an excellent Profit Margin value of 22.14%, 2FE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
2FE's Profit Margin has declined in the last couple of years.
The Operating Margin of 2FE (27.61%) is better than 100.00% of its industry peers.
2FE's Operating Margin has improved in the last couple of years.
2FE has a Gross Margin of 49.80%. This is amongst the best in the industry. 2FE outperforms 96.30% of its industry peers.
In the last couple of years the Gross Margin of 2FE has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.61% | ||
| PM (TTM) | 22.14% | ||
| GM | 49.8% |
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
2FE has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for 2FE has been reduced compared to 1 year ago.
2FE has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, 2FE has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 11.46 indicates that 2FE is not in any danger for bankruptcy at the moment.
2FE has a better Altman-Z score (11.46) than 88.89% of its industry peers.
The Debt to FCF ratio of 2FE is 3.32, which is a good value as it means it would take 2FE, 3.32 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 3.32, 2FE belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
A Debt/Equity ratio of 0.93 indicates that 2FE is somewhat dependend on debt financing.
2FE has a Debt to Equity ratio of 0.93. This is comparable to the rest of the industry: 2FE outperforms 40.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 3.32 | ||
| Altman-Z | 11.46 |
ROIC/WACC2.62
WACC7.8%
2.3 Liquidity
2FE has a Current Ratio of 2.23. This indicates that 2FE is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 2.23, 2FE belongs to the best of the industry, outperforming 96.30% of the companies in the same industry.
2FE has a Quick Ratio of 1.74. This is a normal value and indicates that 2FE is financially healthy and should not expect problems in meeting its short term obligations.
With an excellent Quick ratio value of 1.74, 2FE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.23 | ||
| Quick Ratio | 1.74 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.53% over the past year.
The Earnings Per Share has been growing by 15.24% on average over the past years. This is quite good.
Looking at the last year, 2FE shows a quite strong growth in Revenue. The Revenue has grown by 11.18% in the last year.
The Revenue has been growing by 11.79% on average over the past years. This is quite good.
EPS 1Y (TTM)22.53%
EPS 3Y28.2%
EPS 5Y15.24%
EPS Q2Q%14.29%
Revenue 1Y (TTM)11.18%
Revenue growth 3Y19.94%
Revenue growth 5Y11.79%
Sales Q2Q%6.48%
3.2 Future
The Earnings Per Share is expected to grow by 13.30% on average over the next years. This is quite good.
The Revenue is expected to grow by 8.44% on average over the next years. This is quite good.
EPS Next Y20.91%
EPS Next 2Y14.95%
EPS Next 3Y14.62%
EPS Next 5Y13.3%
Revenue Next Year10.66%
Revenue Next 2Y9.27%
Revenue Next 3Y9.28%
Revenue Next 5Y8.44%
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 stable.
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 56.50 indicates a quite expensive valuation of 2FE.
Based on the Price/Earnings ratio, 2FE is valued a bit more expensive than 74.07% of the companies in the same industry.
When comparing the Price/Earnings ratio of 2FE to the average of the S&P500 Index (28.47), we can say 2FE is valued expensively.
2FE is valuated quite expensively with a Price/Forward Earnings ratio of 49.27.
2FE's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. 2FE is more expensive than 74.07% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of 2FE to the average of the S&P500 Index (92.74), we can say 2FE is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.5 | ||
| Fwd PE | 49.27 |
4.2 Price Multiples
81.48% of the companies in the same industry are cheaper than 2FE, based on the Enterprise Value to EBITDA ratio.
2FE's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 93.4 | ||
| EV/EBITDA | 35.95 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 2FE does not grow enough to justify the current Price/Earnings ratio.
2FE has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as 2FE's earnings are expected to grow with 14.62% in the coming years.
PEG (NY)2.7
PEG (5Y)3.71
EPS Next 2Y14.95%
EPS Next 3Y14.62%
5. Dividend
5.1 Amount
2FE has a yearly dividend return of 0.59%, which is pretty low.
With a Dividend Yield of 0.59, 2FE pays less dividend than the industry average, which is at 6.70. 81.48% of the companies listed in the same industry pay a better dividend than 2FE!
Compared to an average S&P500 Dividend Yield of 2.28, 2FE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.59% |
5.2 History
The dividend of 2FE is nicely growing with an annual growth rate of 19.85%!
Dividend Growth(5Y)19.85%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
2FE pays out 30.70% of its income as dividend. This is a sustainable payout ratio.
2FE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP30.7%
EPS Next 2Y14.95%
EPS Next 3Y14.62%
FERRARI NV
FRA:2FE (2/4/2025, 7:00:00 PM)
448.6
+33 (+7.94%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners37.14%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap86.99B
Analysts72.73
Price Target451.69 (0.69%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.59% |
Yearly Dividend1.34
Dividend Growth(5Y)19.85%
DP30.7%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.66%
Min EPS beat(2)3.51%
Max EPS beat(2)7.81%
EPS beat(4)4
Avg EPS beat(4)4.82%
Min EPS beat(4)2.16%
Max EPS beat(4)7.81%
EPS beat(8)7
Avg EPS beat(8)5.03%
EPS beat(12)11
Avg EPS beat(12)4.79%
EPS beat(16)14
Avg EPS beat(16)6.39%
Revenue beat(2)1
Avg Revenue beat(2)1.32%
Min Revenue beat(2)-1.38%
Max Revenue beat(2)4.01%
Revenue beat(4)1
Avg Revenue beat(4)0.07%
Min Revenue beat(4)-1.45%
Max Revenue beat(4)4.01%
Revenue beat(8)4
Avg Revenue beat(8)1.31%
Revenue beat(12)6
Avg Revenue beat(12)1.26%
Revenue beat(16)6
Avg Revenue beat(16)-1.26%
PT rev (1m)1.06%
PT rev (3m)2.5%
EPS NQ rev (1m)-0.97%
EPS NQ rev (3m)1.29%
EPS NY rev (1m)0.42%
EPS NY rev (3m)0.42%
Revenue NQ rev (1m)-0.65%
Revenue NQ rev (3m)-0.82%
Revenue NY rev (1m)-0.25%
Revenue NY rev (3m)-0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.5 | ||
| Fwd PE | 49.27 | ||
| P/S | 13.46 | ||
| P/FCF | 93.4 | ||
| P/OCF | 44.4 | ||
| P/B | 26.07 | ||
| P/tB | 83.37 | ||
| EV/EBITDA | 35.95 |
EPS(TTM)7.94
EY1.77%
EPS(NY)9.1
Fwd EY2.03%
FCF(TTM)4.8
FCFY1.07%
OCF(TTM)10.1
OCFY2.25%
SpS33.34
BVpS17.21
TBVpS5.38
PEG (NY)2.7
PEG (5Y)3.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.92% | ||
| ROE | 42.89% | ||
| ROCE | 25.78% | ||
| ROIC | 20.4% | ||
| ROICexc | 26.22% | ||
| ROICexgc | 45.67% | ||
| OM | 27.61% | ||
| PM (TTM) | 22.14% | ||
| GM | 49.8% | ||
| FCFM | 14.41% |
ROA(3y)13.22%
ROA(5y)12.43%
ROE(3y)38.18%
ROE(5y)39.11%
ROIC(3y)17.8%
ROIC(5y)16.63%
ROICexc(3y)22.91%
ROICexc(5y)21.65%
ROICexgc(3y)42.89%
ROICexgc(5y)42.13%
ROCE(3y)22.5%
ROCE(5y)21.02%
ROICexcg growth 3Y13.69%
ROICexcg growth 5Y0.4%
ROICexc growth 3Y17.52%
ROICexc growth 5Y2.49%
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%
F-Score7
Asset Turnover0.72
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 3.32 | ||
| Debt/EBITDA | 1.26 | ||
| Cap/Depr | 151.49% | ||
| Cap/Sales | 15.9% | ||
| Interest Coverage | 25.86 | ||
| Cash Conversion | 79.54% | ||
| Profit Quality | 65.08% | ||
| Current Ratio | 2.23 | ||
| Quick Ratio | 1.74 | ||
| Altman-Z | 11.46 |
F-Score7
WACC7.8%
ROIC/WACC2.62
Cap/Depr(3y)146.72%
Cap/Depr(5y)161.37%
Cap/Sales(3y)15.87%
Cap/Sales(5y)17.37%
Profit Quality(3y)65.86%
Profit Quality(5y)61.03%
High Growth Momentum
Growth
EPS 1Y (TTM)22.53%
EPS 3Y28.2%
EPS 5Y15.24%
EPS Q2Q%14.29%
EPS Next Y20.91%
EPS Next 2Y14.95%
EPS Next 3Y14.62%
EPS Next 5Y13.3%
Revenue 1Y (TTM)11.18%
Revenue growth 3Y19.94%
Revenue growth 5Y11.79%
Sales Q2Q%6.48%
Revenue Next Year10.66%
Revenue Next 2Y9.27%
Revenue Next 3Y9.28%
Revenue Next 5Y8.44%
EBIT growth 1Y16%
EBIT growth 3Y31.32%
EBIT growth 5Y14.32%
EBIT Next Year56.38%
EBIT Next 3Y24.62%
EBIT Next 5Y18.6%
FCF growth 1Y54.85%
FCF growth 3Y87.2%
FCF growth 5Y23.45%
OCF growth 1Y47.56%
OCF growth 3Y26.99%
OCF growth 5Y12.94%