FERRARI NV (2FE.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:2FE - NL0011585146 - Common Stock
313.3 EUR
-1.8 (-0.57%)
2FE gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 32 industry peers in the Automobiles industry. 2FE scores excellent points on both the profitability and health parts. This is a solid base for a good stock. 2FE is valied quite expensively at the moment, while 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.
In the past 5 years 2FE has always been profitable.
Each year in the past 5 years 2FE had a positive operating cash flow.
1.2 Ratios
2FE has a Return On Assets of 16.52%. This is amongst the best in the industry. 2FE outperforms 93.75% of its industry peers.
2FE has a Return On Equity of 45.01%. This is amongst the best in the industry. 2FE outperforms 96.88% of its industry peers.
With an excellent Return On Invested Capital value of 22.10%, 2FE belongs to the best of the industry, outperforming 96.88% of the companies in the same industry.
2FE had an Average Return On Invested Capital over the past 3 years of 19.26%. This is significantly above the industry average of 6.21%.
The last Return On Invested Capital (22.10%) for 2FE is above the 3 year average (19.26%), which is a sign of increasing profitability.
| 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%, 2FE belongs to the top of the industry, outperforming 96.88% of the companies in the same industry.
2FE's Profit Margin has improved in the last couple of years.
The Operating Margin of 2FE (29.02%) is better than 93.75% of its industry peers.
2FE's Operating Margin has improved in the last couple of years.
2FE has a better Gross Margin (51.20%) than 93.75% of its industry peers.
2FE's Gross Margin has been stable in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 2FE is creating value.
2FE has less shares outstanding than it did 1 year ago.
The number of shares outstanding for 2FE has been reduced compared to 5 years ago.
Compared to 1 year ago, 2FE has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 8.19 indicates that 2FE is not in any danger for bankruptcy at the moment.
2FE's Altman-Z score of 8.19 is amongst the best of the industry. 2FE outperforms 100.00% of its industry peers.
The Debt to FCF ratio of 2FE is 2.32, which is a good value as it means it would take 2FE, 2.32 years of fcf income to pay off all of its debts.
2FE's Debt to FCF ratio of 2.32 is amongst the best of the industry. 2FE outperforms 87.50% of its industry peers.
2FE has a Debt/Equity ratio of 0.89. This is a neutral value indicating 2FE is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.89, 2FE perfoms like the industry average, outperforming 40.63% of the companies in the same industry.
Although 2FE 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 | 8.19 |
ROIC/WACC2.84
WACC7.78%
2.3 Liquidity
A Current Ratio of 2.08 indicates that 2FE has no problem at all paying its short term obligations.
2FE's Current ratio of 2.08 is amongst the best of the industry. 2FE outperforms 87.50% of its industry peers.
2FE has a Quick Ratio of 1.61. This is a normal value and indicates that 2FE is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of 2FE (1.61) is better than 84.38% 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 12.97% over the past year.
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.
The Revenue has been growing by 12.13% on average over the past years. This is quite good.
EPS 1Y (TTM)12.97%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%2.88%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%7.42%
3.2 Future
Based on estimates for the next years, 2FE will show a small growth in Earnings Per Share. The EPS will grow by 7.93% on average per year.
2FE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.28% yearly.
EPS Next Y7.75%
EPS Next 2Y9.36%
EPS Next 3Y9.44%
EPS Next 5Y7.93%
Revenue Next Year7.97%
Revenue Next 2Y7.81%
Revenue Next 3Y7.6%
Revenue Next 5Y6.28%
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 decreasing.
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 34.93, 2FE can be considered very expensive at the moment.
2FE's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.56. 2FE is valued slightly more expensive when compared to this.
2FE is valuated quite expensively with a Price/Forward Earnings ratio of 30.97.
Based on the Price/Forward Earnings ratio, 2FE is valued a bit more expensive than the industry average as 68.75% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of 2FE to the average of the S&P500 Index (23.79), we can say 2FE is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.93 | ||
| Fwd PE | 30.97 |
4.2 Price Multiples
2FE's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. 2FE is more expensive than 71.88% of the companies 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 | 44.7 | ||
| EV/EBITDA | 23.34 |
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)4.51
PEG (5Y)1.95
EPS Next 2Y9.36%
EPS Next 3Y9.44%
5. Dividend
5.1 Amount
2FE has a yearly dividend return of 0.95%, which is pretty low.
The stock price of 2FE dropped by -23.10% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 3.39, 2FE has a dividend in line with its industry peers.
With a Dividend Yield of 0.95, 2FE pays less dividend than the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
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 Years4
Div Non Decr Years4
5.3 Sustainability
32.88% of the earnings are spent on dividend by 2FE. This is a low number and sustainable payout ratio.
The dividend of 2FE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP32.88%
EPS Next 2Y9.36%
EPS Next 3Y9.44%
FRA:2FE (12/12/2025, 7:00:00 PM)
313.3
-1.8 (-0.57%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners45.8%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap60.76B
Revenue(TTM)6.68B
Net Income(TTM)1.59B
Analysts75.65
Price Target419.22 (33.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
Yearly Dividend1.81
Dividend Growth(5Y)18.29%
DP32.88%
Div Incr Years4
Div Non Decr Years4
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)-1.43%
PT rev (3m)-11.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.58%
EPS NY rev (1m)0.52%
EPS NY rev (3m)0.92%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.57%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.93 | ||
| Fwd PE | 30.97 | ||
| P/S | 8.73 | ||
| P/FCF | 44.7 | ||
| P/OCF | 25.87 | ||
| P/B | 17.15 | ||
| P/tB | 53.16 | ||
| EV/EBITDA | 23.34 |
EPS(TTM)8.97
EY2.86%
EPS(NY)10.12
Fwd EY3.23%
FCF(TTM)7.01
FCFY2.24%
OCF(TTM)12.11
OCFY3.86%
SpS35.88
BVpS18.26
TBVpS5.89
PEG (NY)4.51
PEG (5Y)1.95
Graham Number60.71
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%
ROICexgc growth 3Y1.86%
ROICexgc 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 | 8.19 |
F-Score8
WACC7.78%
ROIC/WACC2.84
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)12.97%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%2.88%
EPS Next Y7.75%
EPS Next 2Y9.36%
EPS Next 3Y9.44%
EPS Next 5Y7.93%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%7.42%
Revenue Next Year7.97%
Revenue Next 2Y7.81%
Revenue Next 3Y7.6%
Revenue Next 5Y6.28%
EBIT growth 1Y15.89%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year47.48%
EBIT Next 3Y19.71%
EBIT Next 5Y14.3%
FCF growth 1Y103.88%
FCF growth 3Y19.78%
FCF growth 5Y9.32%
OCF growth 1Y54.15%
OCF growth 3Y14.52%
OCF growth 5Y8.09%
FERRARI NV / 2FE.DE FAQ
Can you provide the ChartMill fundamental rating for FERRARI NV?
ChartMill assigns a fundamental rating of 6 / 10 to 2FE.DE.
What is the valuation status of FERRARI NV (2FE.DE) stock?
ChartMill assigns a valuation rating of 2 / 10 to FERRARI NV (2FE.DE). This can be considered as Overvalued.
Can you provide the profitability details for FERRARI NV?
FERRARI NV (2FE.DE) has a profitability rating of 9 / 10.
What is the valuation of FERRARI NV based on its PE and PB ratios?
The Price/Earnings (PE) ratio for FERRARI NV (2FE.DE) is 34.93 and the Price/Book (PB) ratio is 17.15.
What is the earnings growth outlook for FERRARI NV?
The Earnings per Share (EPS) of FERRARI NV (2FE.DE) is expected to grow by 7.75% in the next year.