FERRARI NV (2FE.DE) Stock Fundamental Analysis
FRA:2FE - Deutsche Boerse Ag - NL0011585146 - Common Stock - Currency: EUR
Overall 2FE gets a fundamental rating of 7 out of 10. We evaluated 2FE against 32 industry peers in the Automobiles industry. Both the health and profitability get an excellent rating, making 2FE a very profitable company, without any liquidiy or solvency issues. 2FE is quite expensive at the moment. It does show a decent growth rate. This makes 2FE very considerable for quality investing!
1. Profitability
1.1 Basic Checks
2FE had positive earnings in the past year.
In the past year 2FE had a positive cash flow from operations.
Each year in the past 5 years 2FE has been profitable.
2FE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
2FE has a better Return On Assets (16.02%) than 91.18% of its industry peers.
2FE has a better Return On Equity (43.06%) than 97.06% of its industry peers.
2FE has a Return On Invested Capital of 20.08%. This is amongst the best in the industry. 2FE outperforms 91.18% of its industry peers.
2FE had an Average Return On Invested Capital over the past 3 years of 19.26%. This is significantly above the industry average of 9.20%.
The last Return On Invested Capital (20.08%) for 2FE is above the 3 year average (19.26%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.02% | ||
| ROE | 43.06% | ||
| ROIC | 20.08% |
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 22.79%, 2FE belongs to the top of the industry, outperforming 97.06% of the companies in the same industry.
In the last couple of years the Profit Margin of 2FE has grown nicely.
2FE has a better Operating Margin (28.15%) than 97.06% of its industry peers.
In the last couple of years the Operating Margin of 2FE has grown nicely.
With an excellent Gross Margin value of 50.13%, 2FE belongs to the best of the industry, outperforming 94.12% of the companies in the same industry.
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 | 28.15% | ||
| PM (TTM) | 22.79% | ||
| GM | 50.13% |
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 2FE is creating value.
The number of shares outstanding for 2FE has been reduced compared to 1 year ago.
Compared to 5 years ago, 2FE has less shares outstanding
2FE has a worse debt/assets ratio than last year.
2.2 Solvency
2FE has an Altman-Z score of 10.30. This indicates that 2FE is financially healthy and has little risk of bankruptcy at the moment.
2FE has a Altman-Z score of 10.30. This is amongst the best in the industry. 2FE outperforms 94.12% of its industry peers.
The Debt to FCF ratio of 2FE is 3.58, which is a good value as it means it would take 2FE, 3.58 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of 2FE (3.58) is better than 91.18% of its industry peers.
2FE has a Debt/Equity ratio of 0.95. This is a neutral value indicating 2FE is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.95, 2FE is in line with its industry, outperforming 44.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 3.58 | ||
| Altman-Z | 10.3 |
ROIC/WACC2.49
WACC8.07%
2.3 Liquidity
2FE has a Current Ratio of 2.45. This indicates that 2FE is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of 2FE (2.45) is better than 94.12% of its industry peers.
A Quick Ratio of 1.92 indicates that 2FE should not have too much problems paying its short term obligations.
2FE has a Quick ratio of 1.92. This is amongst the best in the industry. 2FE outperforms 97.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.45 | ||
| Quick Ratio | 1.92 |
3. Growth
3.1 Past
2FE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.79%, which is quite impressive.
2FE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.92% yearly.
Looking at the last year, 2FE shows a quite strong growth in Revenue. The Revenue has grown by 11.83% in the last year.
Measured over the past years, 2FE shows a quite strong growth in Revenue. The Revenue has been growing by 12.13% on average per year.
EPS 1Y (TTM)22.79%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%32.1%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%13.99%
3.2 Future
Based on estimates for the next years, 2FE will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.04% on average per year.
2FE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.10% yearly.
EPS Next Y8.03%
EPS Next 2Y12.39%
EPS Next 3Y11.19%
EPS Next 5Y11.04%
Revenue Next Year8.19%
Revenue Next 2Y9.48%
Revenue Next 3Y8.59%
Revenue Next 5Y8.1%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
2FE is valuated quite expensively with a Price/Earnings ratio of 48.76.
2FE's Price/Earnings ratio is a bit more expensive when compared to the industry. 2FE is more expensive than 64.71% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.35, 2FE is valued quite expensively.
The Price/Forward Earnings ratio is 45.14, which means the current valuation is very expensive for 2FE.
67.65% of the companies in the same industry are cheaper than 2FE, based on the Price/Forward Earnings ratio.
2FE's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.76 | ||
| Fwd PE | 45.14 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 2FE indicates a slightly more expensive valuation: 2FE is more expensive than 73.53% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as 2FE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 85.32 | ||
| EV/EBITDA | 32.04 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
2FE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)6.07
PEG (5Y)2.72
EPS Next 2Y12.39%
EPS Next 3Y11.19%
5. Dividend
5.1 Amount
2FE has a yearly dividend return of 0.72%, which is pretty low.
Compared to an average industry Dividend Yield of 6.74, 2FE is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.33, 2FE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.72% |
5.2 History
The dividend of 2FE is nicely growing with an annual growth rate of 18.29%!
Dividend Growth(5Y)18.29%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
2FE pays out 28.91% 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.
DP28.91%
EPS Next 2Y12.39%
EPS Next 3Y11.19%
FRA:2FE (3/7/2025, 7:00:00 PM)
412.5
-2.6 (-0.63%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners39.38%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap79.99B
Analysts73.04
Price Target469.54 (13.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.72% |
Yearly Dividend1.81
Dividend Growth(5Y)18.29%
DP28.91%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.64%
Min EPS beat(2)3.51%
Max EPS beat(2)11.77%
EPS beat(4)4
Avg EPS beat(4)6.31%
Min EPS beat(4)2.16%
Max EPS beat(4)11.77%
EPS beat(8)8
Avg EPS beat(8)6.56%
EPS beat(12)11
Avg EPS beat(12)5.03%
EPS beat(16)14
Avg EPS beat(16)4.86%
Revenue beat(2)1
Avg Revenue beat(2)0.7%
Min Revenue beat(2)-1.38%
Max Revenue beat(2)2.78%
Revenue beat(4)2
Avg Revenue beat(4)0.99%
Min Revenue beat(4)-1.45%
Max Revenue beat(4)4.01%
Revenue beat(8)4
Avg Revenue beat(8)0.59%
Revenue beat(12)7
Avg Revenue beat(12)1.64%
Revenue beat(16)7
Avg Revenue beat(16)-0.97%
PT rev (1m)3.95%
PT rev (3m)6.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.25%
EPS NY rev (1m)0.38%
EPS NY rev (3m)-0.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.37%
Revenue NY rev (1m)0.26%
Revenue NY rev (3m)-0.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.76 | ||
| Fwd PE | 45.14 | ||
| P/S | 11.98 | ||
| P/FCF | 85.32 | ||
| P/OCF | 41.52 | ||
| P/B | 22.64 | ||
| P/tB | 66.49 | ||
| EV/EBITDA | 32.04 |
EPS(TTM)8.46
EY2.05%
EPS(NY)9.14
Fwd EY2.22%
FCF(TTM)4.83
FCFY1.17%
OCF(TTM)9.94
OCFY2.41%
SpS34.43
BVpS18.22
TBVpS6.2
PEG (NY)6.07
PEG (5Y)2.72
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.02% | ||
| ROE | 43.06% | ||
| ROCE | 25.22% | ||
| ROIC | 20.08% | ||
| ROICexc | 26.24% | ||
| ROICexgc | 44.36% | ||
| OM | 28.15% | ||
| PM (TTM) | 22.79% | ||
| GM | 50.13% | ||
| FCFM | 14.04% |
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-Score7
Asset Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 3.58 | ||
| Debt/EBITDA | 1.32 | ||
| Cap/Depr | 148.35% | ||
| Cap/Sales | 14.82% | ||
| Interest Coverage | 37.33 | ||
| Cash Conversion | 75.67% | ||
| Profit Quality | 61.6% | ||
| Current Ratio | 2.45 | ||
| Quick Ratio | 1.92 | ||
| Altman-Z | 10.3 |
F-Score7
WACC8.07%
ROIC/WACC2.49
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)22.79%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%32.1%
EPS Next Y8.03%
EPS Next 2Y12.39%
EPS Next 3Y11.19%
EPS Next 5Y11.04%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%13.99%
Revenue Next Year8.19%
Revenue Next 2Y9.48%
Revenue Next 3Y8.59%
Revenue Next 5Y8.1%
EBIT growth 1Y16.65%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year48.21%
EBIT Next 3Y23.3%
EBIT Next 5Y16.88%
FCF growth 1Y10.59%
FCF growth 3Y19.78%
FCF growth 5Y9.32%
OCF growth 1Y12.23%
OCF growth 3Y14.52%
OCF growth 5Y8.09%