FERRARI NV (RACE.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:RACE • NL0011585146
285 EUR
+4.2 (+1.5%)
Last: Feb 2, 2026, 05:35 PM
We assign a fundamental rating of 6 out of 10 to RACE. RACE was compared to 33 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. 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
- In the past year RACE was profitable.
- In the past year RACE had a positive cash flow from operations.
- Each year in the past 5 years RACE has been profitable.
- RACE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- RACE's Return On Assets of 16.52% is amongst the best of the industry. RACE outperforms 93.94% of its industry peers.
- RACE has a better Return On Equity (45.01%) than 96.97% of its industry peers.
- RACE's Return On Invested Capital of 22.10% is amongst the best of the industry. RACE outperforms 96.97% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for RACE is significantly above the industry average of 5.93%.
- 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 better Profit Margin (22.91%) than 96.97% of its industry peers.
- RACE's Profit Margin has improved in the last couple of years.
- With an excellent Operating Margin value of 29.02%, RACE belongs to the best of the industry, outperforming 93.94% of the companies in the same industry.
- In the last couple of years the Operating Margin of RACE has grown nicely.
- RACE's Gross Margin of 51.20% is amongst the best of the industry. RACE outperforms 93.94% of its industry peers.
- RACE'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
- 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.
- The number of shares outstanding for RACE has been reduced compared to 5 years ago.
- The debt/assets ratio for RACE is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 7.57 indicates that RACE is not in any danger for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 7.57, RACE belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- 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.
- Looking at the Debt to FCF ratio, with a value of 2.32, RACE belongs to the top of the industry, outperforming 87.88% of the companies in the same industry.
- A Debt/Equity ratio of 0.89 indicates that RACE is somewhat dependend on debt financing.
- RACE's Debt to Equity ratio of 0.89 is on the low side compared to the rest of the industry. RACE is outperformed by 63.64% 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 | 7.57 |
ROIC/WACC2.82
WACC7.85%
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's Current ratio of 2.08 is amongst the best of the industry. RACE outperforms 81.82% of its industry peers.
- A Quick Ratio of 1.61 indicates that RACE should not have too much problems paying its short term obligations.
- RACE has a better Quick ratio (1.61) than 84.85% 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.
- RACE 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, RACE shows a quite strong growth in Revenue. The Revenue has grown by 11.83% in the last year.
- 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.
- RACE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.12% yearly.
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
- 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
- With a Price/Earnings ratio of 31.77, RACE can be considered very expensive at the moment.
- RACE's Price/Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Earnings ratio of 28.32, RACE is valued at the same level.
- RACE is valuated quite expensively with a Price/Forward Earnings ratio of 29.39.
- RACE's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. RACE is more expensive than 69.70% of the companies in the same industry.
- RACE is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.77 | ||
| Fwd PE | 29.39 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, RACE is valued a bit more expensive than 72.73% of the companies 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 | 40.67 | ||
| EV/EBITDA | 20.99 |
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.
- RACE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.39
PEG (5Y)1.77
EPS Next 2Y7.07%
EPS Next 3Y8.21%
5. Dividend
5.1 Amount
- RACE has a Yearly Dividend Yield of 1.05%. Purely for dividend investing, there may be better candidates out there.
- RACE's Dividend Yield is slightly below the industry average, which is at 3.62.
- With a Dividend Yield of 1.05, RACE pays less dividend than the S&P500 average, which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
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.
- RACE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP32.88%
EPS Next 2Y7.07%
EPS Next 3Y8.21%
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.