FERRARI NV (RACE.MI) Stock Fundamental Analysis
Europe - BIT:RACE - NL0011585146 - Common Stock
334.4 EUR
+9.4 (+2.89%)
We assign a fundamental rating of 6 out of 10 to RACE. RACE was compared to 29 industry peers in the Automobiles industry. RACE gets an excellent profitability rating and is at the same time showing great financial health properties. RACE is quite expensive at the moment. It does show a decent growth rate. These ratings could make RACE a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
RACE had positive earnings in the past year.
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
RACE has a Return On Assets of 16.52%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
With an excellent Return On Equity value of 45.01%, RACE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
RACE has a Return On Invested Capital of 22.10%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for RACE is significantly above the industry average of 7.07%.
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
RACE has a Profit Margin of 22.91%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
RACE's Profit Margin has improved in the last couple of years.
RACE has a Operating Margin of 29.02%. This is amongst the best in the industry. RACE outperforms 96.55% of its industry peers.
In the last couple of years the Operating Margin of RACE has grown nicely.
Looking at the Gross Margin, with a value of 51.20%, RACE belongs to the top of the industry, outperforming 96.55% of the companies in the same industry.
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.
The number of shares outstanding for RACE has been reduced compared to 1 year ago.
Compared to 5 years ago, RACE has less shares outstanding
RACE has a worse debt/assets ratio than last year.
2.2 Solvency
RACE has an Altman-Z score of 8.60. This indicates that RACE is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of RACE (8.60) is better than 96.55% 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 89.66% 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 of 0.89. This is in the lower half of the industry: RACE underperforms 65.52% of its industry peers.
Even though the debt/equity ratio score it not favorable for RACE, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 2.32 | ||
| Altman-Z | 8.6 |
ROIC/WACC2.8
WACC7.89%
2.3 Liquidity
A Current Ratio of 2.08 indicates that RACE has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.08, RACE belongs to the best of the industry, outperforming 93.10% of the companies in the same industry.
RACE has a Quick Ratio of 1.61. 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 Quick ratio of 1.61. This is amongst the best in the industry. RACE outperforms 96.55% of its industry peers.
| 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 16.02%, which is quite good.
The Earnings Per Share has been growing by 17.92% on average over the past years. This is quite good.
Looking at the last year, RACE shows a quite strong growth in Revenue. The Revenue has grown by 9.34% 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)16.02%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%4.37%
Revenue 1Y (TTM)9.34%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%4.38%
3.2 Future
Based on estimates for the next years, RACE will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.24% on average per year.
RACE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.99% yearly.
EPS Next Y6.93%
EPS Next 2Y12.44%
EPS Next 3Y11.69%
EPS Next 5Y10.24%
Revenue Next Year7.33%
Revenue Next 2Y9.78%
Revenue Next 3Y9.04%
Revenue Next 5Y6.99%
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.
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
RACE is valuated quite expensively with a Price/Earnings ratio of 37.53.
RACE's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of RACE to the average of the S&P500 Index (27.55), we can say RACE is valued slightly more expensively.
A Price/Forward Earnings ratio of 31.26 indicates a quite expensive valuation of RACE.
68.97% of the companies in the same industry are cheaper than RACE, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.04, RACE is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.53 | ||
| Fwd PE | 31.26 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RACE is valued a bit more expensive than the industry average as 68.97% of the companies are valued more cheaply.
62.07% of the companies in the same industry are more expensive than RACE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 47.71 | ||
| EV/EBITDA | 24.87 |
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)5.42
PEG (5Y)2.09
EPS Next 2Y12.44%
EPS Next 3Y11.69%
5. Dividend
5.1 Amount
With a yearly dividend of 0.84%, RACE is not a good candidate for dividend investing.
In the last 3 months the price of RACE has falen by -23.39%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
RACE's Dividend Yield is slightly below the industry average, which is at 5.15.
Compared to an average S&P500 Dividend Yield of 2.43, RACE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.84% |
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
RACE pays out 32.88% 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.
DP32.88%
EPS Next 2Y12.44%
EPS Next 3Y11.69%
BIT:RACE (10/15/2025, 7:00:00 PM)
334.4
+9.4 (+2.89%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners41.88%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap64.85B
Analysts76.52
Price Target469.58 (40.42%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.84% |
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)0.97%
PT rev (3m)0.34%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.12%
EPS NY rev (1m)0.14%
EPS NY rev (3m)-1.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.53 | ||
| Fwd PE | 31.26 | ||
| P/S | 9.32 | ||
| P/FCF | 47.71 | ||
| P/OCF | 27.62 | ||
| P/B | 18.31 | ||
| P/tB | 56.74 | ||
| EV/EBITDA | 24.87 |
EPS(TTM)8.91
EY2.66%
EPS(NY)10.7
Fwd EY3.2%
FCF(TTM)7.01
FCFY2.1%
OCF(TTM)12.11
OCFY3.62%
SpS35.88
BVpS18.26
TBVpS5.89
PEG (NY)5.42
PEG (5Y)2.09
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%
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-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 | 8.6 |
F-Score8
WACC7.89%
ROIC/WACC2.8
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)16.02%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%4.37%
EPS Next Y6.93%
EPS Next 2Y12.44%
EPS Next 3Y11.69%
EPS Next 5Y10.24%
Revenue 1Y (TTM)9.34%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%4.38%
Revenue Next Year7.33%
Revenue Next 2Y9.78%
Revenue Next 3Y9.04%
Revenue Next 5Y6.99%
EBIT growth 1Y15.89%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year46.53%
EBIT Next 3Y22.29%
EBIT Next 5Y15.47%
FCF growth 1Y103.88%
FCF growth 3Y19.78%
FCF growth 5Y9.32%
OCF growth 1Y54.15%
OCF growth 3Y14.52%
OCF growth 5Y8.09%