FERRARI NV (RACE.MI) Stock Fundamental Analysis
BIT:RACE - Euronext Milan - NL0011585146 - Common Stock - Currency: EUR
Overall RACE gets a fundamental rating of 6 out of 10. We evaluated RACE against 28 industry peers in the Automobiles industry. Both the health and profitability get an excellent rating, making RACE a very profitable company, without any liquidiy or solvency issues. While showing a medium growth rate, RACE is valued expensive at the moment. 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's Return On Assets of 15.96% is amongst the best of the industry. RACE outperforms 96.43% of its industry peers.
RACE's Return On Equity of 44.32% is amongst the best of the industry. RACE outperforms 96.43% of its industry peers.
Looking at the Return On Invested Capital, with a value of 21.04%, RACE belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
RACE had an Average Return On Invested Capital over the past 3 years of 19.26%. This is significantly above the industry average of 6.64%.
The last Return On Invested Capital (21.04%) for RACE is above the 3 year average (19.26%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.96% | ||
| ROE | 44.32% | ||
| ROIC | 21.04% |
ROA(3y)14.53%
ROA(5y)13.08%
ROE(3y)39.98%
ROE(5y)38.33%
ROIC(3y)19.26%
ROIC(5y)17.08%
1.3 Margins
RACE has a Profit Margin of 22.99%. This is amongst the best in the industry. RACE outperforms 96.43% of its industry peers.
In the last couple of years the Profit Margin of RACE has grown nicely.
The Operating Margin of RACE (28.75%) is better than 92.86% of its industry peers.
RACE's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 50.52%, RACE belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
RACE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.75% | ||
| PM (TTM) | 22.99% | ||
| GM | 50.52% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so RACE is creating value.
The number of shares outstanding for RACE has been reduced compared to 1 year ago.
The number of shares outstanding for RACE has been reduced compared to 5 years ago.
RACE has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 9.80 indicates that RACE is not in any danger for bankruptcy at the moment.
RACE's Altman-Z score of 9.80 is amongst the best of the industry. RACE outperforms 92.86% of its industry peers.
RACE has a debt to FCF ratio of 2.67. This is a good value and a sign of high solvency as RACE would need 2.67 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 2.67, RACE belongs to the best of the industry, outperforming 82.14% of the companies in the same industry.
A Debt/Equity ratio of 0.93 indicates that RACE is somewhat dependend on debt financing.
The Debt to Equity ratio of RACE (0.93) is worse than 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 2.67 | ||
| Altman-Z | 9.8 |
ROIC/WACC2.62
WACC8.03%
2.3 Liquidity
RACE has a Current Ratio of 2.19. This indicates that RACE is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of RACE (2.19) is better than 92.86% of its industry peers.
RACE has a Quick Ratio of 1.73. This is a normal value and indicates that RACE is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of RACE (1.73) is better than 92.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.73 |
3. Growth
3.1 Past
RACE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.02%, which is quite impressive.
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 12.36% 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)22.02%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%17.95%
Revenue 1Y (TTM)12.36%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%13.02%
3.2 Future
RACE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.72% yearly.
The Revenue is expected to grow by 6.28% on average over the next years.
EPS Next Y8.15%
EPS Next 2Y11.32%
EPS Next 3Y10.77%
EPS Next 5Y7.72%
Revenue Next Year8.77%
Revenue Next 2Y9.8%
Revenue Next 3Y8.97%
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.
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
RACE is valuated quite expensively with a Price/Earnings ratio of 47.03.
Compared to the rest of the industry, the Price/Earnings ratio of RACE indicates a slightly more expensive valuation: RACE is more expensive than 71.43% of the companies listed in the same industry.
RACE's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.28.
Based on the Price/Forward Earnings ratio of 39.52, the valuation of RACE can be described as expensive.
75.00% of the companies in the same industry are cheaper than RACE, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.76. RACE is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.03 | ||
| Fwd PE | 39.52 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RACE indicates a slightly more expensive valuation: RACE is more expensive than 75.00% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as RACE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 64.25 | ||
| EV/EBITDA | 31.04 |
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)5.77
PEG (5Y)2.62
EPS Next 2Y11.32%
EPS Next 3Y10.77%
5. Dividend
5.1 Amount
RACE has a yearly dividend return of 0.74%, which is pretty low.
RACE's Dividend Yield is slightly below the industry average, which is at 5.94.
With a Dividend Yield of 0.74, RACE pays less dividend than the S&P500 average, which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
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 27.81% of its income as dividend. This is a sustainable payout ratio.
RACE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP27.81%
EPS Next 2Y11.32%
EPS Next 3Y10.77%
BIT:RACE (7/2/2025, 7:00:00 PM)
414.3
-1.1 (-0.26%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners41.52%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap80.34B
Analysts75.45
Price Target467.99 (12.96%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
Yearly Dividend1.81
Dividend Growth(5Y)18.29%
DP27.81%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.93%
Min EPS beat(2)-1.9%
Max EPS beat(2)11.77%
EPS beat(4)3
Avg EPS beat(4)5.3%
Min EPS beat(4)-1.9%
Max EPS beat(4)11.77%
EPS beat(8)7
Avg EPS beat(8)5.42%
EPS beat(12)10
Avg EPS beat(12)4.82%
EPS beat(16)13
Avg EPS beat(16)4.5%
Revenue beat(2)1
Avg Revenue beat(2)0.84%
Min Revenue beat(2)-1.1%
Max Revenue beat(2)2.78%
Revenue beat(4)2
Avg Revenue beat(4)1.08%
Min Revenue beat(4)-1.38%
Max Revenue beat(4)4.01%
Revenue beat(8)3
Avg Revenue beat(8)0.39%
Revenue beat(12)7
Avg Revenue beat(12)1.73%
Revenue beat(16)7
Avg Revenue beat(16)-0.71%
PT rev (1m)0.02%
PT rev (3m)-0.42%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.46%
EPS NY rev (1m)0%
EPS NY rev (3m)0.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.03 | ||
| Fwd PE | 39.52 | ||
| P/S | 11.67 | ||
| P/FCF | 64.25 | ||
| P/OCF | 35.41 | ||
| P/B | 22.51 | ||
| P/tB | 66.73 | ||
| EV/EBITDA | 31.04 |
EPS(TTM)8.81
EY2.13%
EPS(NY)10.48
Fwd EY2.53%
FCF(TTM)6.45
FCFY1.56%
OCF(TTM)11.7
OCFY2.82%
SpS35.49
BVpS18.41
TBVpS6.21
PEG (NY)5.77
PEG (5Y)2.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.96% | ||
| ROE | 44.32% | ||
| ROCE | 26.42% | ||
| ROIC | 21.04% | ||
| ROICexc | 28.3% | ||
| ROICexgc | 49.22% | ||
| OM | 28.75% | ||
| PM (TTM) | 22.99% | ||
| GM | 50.52% | ||
| FCFM | 18.17% |
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 Turnover0.69
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 2.67 | ||
| Debt/EBITDA | 1.27 | ||
| Cap/Depr | 155.48% | ||
| Cap/Sales | 14.8% | ||
| Interest Coverage | 31.28 | ||
| Cash Conversion | 86.15% | ||
| Profit Quality | 79.04% | ||
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.73 | ||
| Altman-Z | 9.8 |
F-Score7
WACC8.03%
ROIC/WACC2.62
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)22.02%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%17.95%
EPS Next Y8.15%
EPS Next 2Y11.32%
EPS Next 3Y10.77%
EPS Next 5Y7.72%
Revenue 1Y (TTM)12.36%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%13.02%
Revenue Next Year8.77%
Revenue Next 2Y9.8%
Revenue Next 3Y8.97%
Revenue Next 5Y6.28%
EBIT growth 1Y18.59%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year40.75%
EBIT Next 3Y21.74%
EBIT Next 5Y14.22%
FCF growth 1Y123.25%
FCF growth 3Y19.78%
FCF growth 5Y9.32%
OCF growth 1Y63.89%
OCF growth 3Y14.52%
OCF growth 5Y8.09%