FERRARI NV (RACE.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:RACE • NL0011585146

281.6 EUR
+0.6 (+0.21%)
Last: Feb 9, 2026, 05:36 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to RACE. 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. These ratings would make RACE suitable for quality investing!


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • In the past year RACE was profitable.
  • RACE had a positive operating cash flow in the past year.
  • RACE had positive earnings in each of the past 5 years.
  • RACE had a positive operating cash flow in each of the past 5 years.
RACE.MI Yearly Net Income VS EBIT VS OCF VS FCFRACE.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

1.2 Ratios

  • RACE has a better Return On Assets (16.52%) than 96.88% of its industry peers.
  • RACE has a better Return On Equity (45.01%) than 100.00% of its industry peers.
  • RACE's Return On Invested Capital of 22.10% is amongst the best of the industry. RACE outperforms 100.00% of its industry peers.
  • RACE had an Average Return On Invested Capital over the past 3 years of 19.26%. This is significantly above the industry average of 6.16%.
  • The last Return On Invested Capital (22.10%) for RACE is above the 3 year average (19.26%), which is a sign of increasing profitability.
Industry RankSector 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%
RACE.MI Yearly ROA, ROE, ROICRACE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80 100

1.3 Margins

  • With an excellent Profit Margin value of 22.91%, RACE belongs to the best 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.
  • With an excellent Operating Margin value of 29.02%, RACE belongs to the best of the industry, outperforming 96.88% of the companies in the same industry.
  • 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 96.88% 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 RankSector 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%
RACE.MI Yearly Profit, Operating, Gross MarginsRACE.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), RACE is creating value.
  • The number of shares outstanding for RACE has been reduced compared to 1 year ago.
  • RACE has less shares outstanding than it did 5 years ago.
  • RACE has a worse debt/assets ratio than last year.
RACE.MI Yearly Shares OutstandingRACE.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
RACE.MI Yearly Total Debt VS Total AssetsRACE.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 7.58 indicates that RACE is not in any danger for bankruptcy at the moment.
  • RACE's Altman-Z score of 7.58 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's Debt to FCF ratio of 2.32 is amongst the best of the industry. RACE outperforms 90.63% of its industry peers.
  • A Debt/Equity ratio of 0.89 indicates that RACE is somewhat dependend on debt financing.
  • RACE has a Debt to Equity ratio (0.89) which is in line with 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 RankSector Rank
Debt/Equity 0.89
Debt/FCF 2.32
Altman-Z 7.58
ROIC/WACC2.82
WACC7.85%
RACE.MI Yearly LT Debt VS Equity VS FCFRACE.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

  • RACE has a Current Ratio of 2.08. This indicates that RACE is financially healthy and has no problem in meeting its short term obligations.
  • RACE has a better Current ratio (2.08) than 84.38% of its industry peers.
  • 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 better Quick ratio (1.61) than 87.50% of its industry peers.
Industry RankSector Rank
Current Ratio 2.08
Quick Ratio 1.61
RACE.MI Yearly Current Assets VS Current LiabilitesRACE.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 12.97% over the past year.
  • 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.
  • The Revenue has grown by 11.83% in the past year. This is quite good.
  • RACE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.13% yearly.
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, RACE will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.04% on average per year.
  • Based on estimates for the next years, RACE will show a small growth in Revenue. The Revenue will grow by 7.12% on average per year.
EPS Next Y7.24%
EPS Next 2Y7.07%
EPS Next 3Y8.21%
EPS Next 5Y9.04%
Revenue Next Year7.83%
Revenue Next 2Y6.9%
Revenue Next 3Y7.05%
Revenue Next 5Y7.12%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
RACE.MI Yearly Revenue VS EstimatesRACE.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
RACE.MI Yearly EPS VS EstimatesRACE.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5 10 15

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • RACE is valuated quite expensively with a Price/Earnings ratio of 31.39.
  • Compared to the rest of the industry, the Price/Earnings ratio of RACE is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of RACE to the average of the S&P500 Index (27.93), we can say RACE is valued inline with the index average.
  • RACE is valuated quite expensively with a Price/Forward Earnings ratio of 29.04.
  • 65.63% 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 27.77. RACE is around the same levels.
Industry RankSector Rank
PE 31.39
Fwd PE 29.04
RACE.MI Price Earnings VS Forward Price EarningsRACE.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, RACE is valued a bit more expensive than 68.75% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, RACE is valued a bit cheaper than 62.50% of the companies in the same industry.
Industry RankSector Rank
P/FCF 40.18
EV/EBITDA 21
RACE.MI Per share dataRACE.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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)4.34
PEG (5Y)1.75
EPS Next 2Y7.07%
EPS Next 3Y8.21%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.05%, RACE has a reasonable but not impressive dividend return.
  • In the last 3 months the price of RACE has falen by -20.15%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 3.37, RACE has a dividend in line with its industry peers.
  • With a Dividend Yield of 1.05, RACE pays less dividend than the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.05%

5.2 History

  • The dividend of RACE is nicely growing with an annual growth rate of 18.29%!
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 2Y7.07%
EPS Next 3Y8.21%
RACE.MI Yearly Income VS Free CF VS DividendRACE.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
RACE.MI Dividend Payout.RACE.MI Dividend Payout, showing the Payout Ratio.RACE.MI Dividend Payout.PayoutRetained Earnings

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FERRARI NV

BIT:RACE (2/9/2026, 5:36:15 PM)

281.6

+0.6 (+0.21%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)11-04
Earnings (Next)02-10
Inst Owners45.22%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap54.61B
Revenue(TTM)6.68B
Net Income(TTM)1.59B
Analysts74.17
Price Target383.14 (36.06%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.05%
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)-2.65%
PT rev (3m)-9.73%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.32%
EPS NY rev (3m)0.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.12%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.47%
Valuation
Industry RankSector Rank
PE 31.39
Fwd PE 29.04
P/S 7.85
P/FCF 40.18
P/OCF 23.26
P/B 15.42
P/tB 47.78
EV/EBITDA 21
EPS(TTM)8.97
EY3.19%
EPS(NY)9.7
Fwd EY3.44%
FCF(TTM)7.01
FCFY2.49%
OCF(TTM)12.11
OCFY4.3%
SpS35.88
BVpS18.26
TBVpS5.89
PEG (NY)4.34
PEG (5Y)1.75
Graham Number60.71
Profitability
Industry RankSector 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 RankSector 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 7.58
F-Score8
WACC7.85%
ROIC/WACC2.82
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 Y7.24%
EPS Next 2Y7.07%
EPS Next 3Y8.21%
EPS Next 5Y9.04%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%7.42%
Revenue Next Year7.83%
Revenue Next 2Y6.9%
Revenue Next 3Y7.05%
Revenue Next 5Y7.12%
EBIT growth 1Y15.89%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year47.32%
EBIT Next 3Y18.94%
EBIT Next 5Y15.09%
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 for RACE 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.


Can you provide the financial health for RACE stock?

The financial health rating of FERRARI NV (RACE.MI) is 8 / 10.


What is the earnings growth outlook for FERRARI NV?

The Earnings per Share (EPS) of FERRARI NV (RACE.MI) is expected to grow by 7.24% in the next year.