FERRARI NV (RACE.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:RACE - NL0011585146 - Common Stock
322.8 EUR
+5.4 (+1.7%)
Taking everything into account, RACE scores 6 out of 10 in our fundamental rating. RACE was compared to 32 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. While showing a medium growth rate, RACE is valued expensive at the moment. 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.
In the past 5 years RACE has always been profitable.
In the past 5 years RACE always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of RACE (16.52%) is better than 96.88% of its industry peers.
RACE's Return On Equity of 45.01% is amongst the best of the industry. RACE outperforms 100.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 22.10%, RACE belongs to the top of the industry, outperforming 100.00% 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 6.21%.
The 3 year average ROIC (19.26%) for RACE is below the current ROIC(22.10%), indicating increased profibility in the last year.
| 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%, RACE belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of RACE has grown nicely.
RACE has a Operating Margin of 29.02%. 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 Gross Margin of 51.20%. This is amongst the best in the industry. RACE outperforms 96.88% 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 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
RACE has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, RACE has less shares outstanding
RACE has less shares outstanding than it did 5 years ago.
RACE has a worse debt/assets ratio than last year.
2.2 Solvency
RACE has an Altman-Z score of 8.37. This indicates that RACE is financially healthy and has little risk of bankruptcy at the moment.
RACE's Altman-Z score of 8.37 is amongst the best of the industry. RACE outperforms 96.88% of its industry peers.
The Debt to FCF ratio of RACE is 2.32, which is a good value as it means it would take RACE, 2.32 years of fcf income to pay off all of its debts.
RACE has a better Debt to FCF ratio (2.32) than 90.63% of its industry peers.
RACE has a Debt/Equity ratio of 0.89. This is a neutral value indicating RACE is somewhat dependend on debt financing.
RACE has a Debt to Equity ratio (0.89) which is comparable to the rest of the industry.
Although RACE 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 | 8.37 |
ROIC/WACC2.84
WACC7.78%
2.3 Liquidity
A Current Ratio of 2.08 indicates that RACE has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.08, RACE belongs to the top of the industry, outperforming 90.63% of the companies in the same industry.
A Quick Ratio of 1.61 indicates that RACE should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.61, RACE belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.08 | ||
| Quick Ratio | 1.61 |
3. Growth
3.1 Past
RACE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.97%, which is quite good.
Measured over the past years, RACE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.92% on average per year.
Looking at the last year, RACE shows a quite strong growth in Revenue. The Revenue has grown by 11.83% in the last year.
Measured over the past years, RACE shows a quite strong growth in Revenue. The Revenue has been growing by 12.13% on average per year.
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
RACE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.93% yearly.
The Revenue is expected to grow by 6.28% on average over the next years.
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
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
The Price/Earnings ratio is 35.99, which means the current valuation is very expensive for RACE.
The rest of the industry has a similar Price/Earnings ratio as RACE.
The average S&P500 Price/Earnings ratio is at 26.38. RACE is valued slightly more expensive when compared to this.
Based on the Price/Forward Earnings ratio of 31.91, the valuation of RACE can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of RACE indicates a slightly more expensive valuation: RACE is more expensive than 65.63% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.83. RACE is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.99 | ||
| Fwd PE | 31.91 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RACE is valued a bit more expensive than the industry average as 68.75% of the companies are valued more cheaply.
RACE's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 46.06 | ||
| EV/EBITDA | 24.03 |
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)4.64
PEG (5Y)2.01
EPS Next 2Y9.36%
EPS Next 3Y9.44%
5. Dividend
5.1 Amount
RACE has a yearly dividend return of 0.94%, which is pretty low.
The stock price of RACE dropped by -20.79% 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 3.41, RACE is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 1.87, RACE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.94% |
5.2 History
On average, the dividend of RACE grows each year by 18.29%, which is quite nice.
Dividend Growth(5Y)18.29%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
32.88% 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.
DP32.88%
EPS Next 2Y9.36%
EPS Next 3Y9.44%
BIT:RACE (12/19/2025, 7:00:00 PM)
322.8
+5.4 (+1.7%)
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 Cap62.60B
Revenue(TTM)6.68B
Net Income(TTM)1.59B
Analysts75.65
Price Target419.34 (29.91%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.94% |
Yearly Dividend1.81
Dividend Growth(5Y)18.29%
DP32.88%
Div Incr Years0
Div Non Decr Years0
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)-1.2%
PT rev (3m)-11.09%
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 | 35.99 | ||
| Fwd PE | 31.91 | ||
| P/S | 9 | ||
| P/FCF | 46.06 | ||
| P/OCF | 26.66 | ||
| P/B | 17.67 | ||
| P/tB | 54.77 | ||
| EV/EBITDA | 24.03 |
EPS(TTM)8.97
EY2.78%
EPS(NY)10.12
Fwd EY3.13%
FCF(TTM)7.01
FCFY2.17%
OCF(TTM)12.11
OCFY3.75%
SpS35.88
BVpS18.26
TBVpS5.89
PEG (NY)4.64
PEG (5Y)2.01
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 | 8.37 |
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 / RACE.MI FAQ
Can you provide the ChartMill fundamental rating for FERRARI NV?
ChartMill assigns a fundamental rating of 6 / 10 to RACE.MI.
What is the valuation status of FERRARI NV (RACE.MI) 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.
What are the PE and PB ratios of FERRARI NV (RACE.MI) stock?
The Price/Earnings (PE) ratio for FERRARI NV (RACE.MI) is 35.99 and the Price/Book (PB) ratio is 17.67.
How sustainable is the dividend of FERRARI NV (RACE.MI) stock?
The dividend rating of FERRARI NV (RACE.MI) is 3 / 10 and the dividend payout ratio is 32.88%.