FERRARI NV (RACE.MI) Fundamental Analysis & Valuation

BIT:RACE • NL0011585146

301.6 EUR
-6.5 (-2.11%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This RACE.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to RACE. RACE was compared to 31 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. RACE has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

9

1. RACE.MI Profitability Analysis

1.1 Basic Checks

  • RACE had positive earnings in the past year.
  • RACE had a positive operating cash flow in the past year.
  • Of the past 5 years RACE 4 years were profitable.
  • Of the past 5 years RACE 4 years had a positive operating cash flow.
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

  • The Return On Assets of RACE (16.89%) is better than 96.77% of its industry peers.
  • RACE's Return On Equity of 42.43% is amongst the best of the industry. RACE outperforms 100.00% of its industry peers.
  • RACE's Return On Invested Capital of 22.63% is amongst the best of the industry. RACE outperforms 100.00% 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 5.95%.
  • The 3 year average ROIC (19.26%) for RACE is below the current ROIC(22.63%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 16.89%
ROE 42.43%
ROIC 22.63%
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

  • The Profit Margin of RACE (22.62%) is better than 100.00% of its industry peers.
  • In the last couple of years the Profit Margin of RACE has grown nicely.
  • The Operating Margin of RACE (29.01%) is better than 96.77% of its industry peers.
  • In the last couple of years the Operating Margin of RACE has grown nicely.
  • RACE has a Gross Margin of 51.26%. This is amongst the best in the industry. RACE outperforms 96.77% of its industry peers.
  • RACE's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 29.01%
PM (TTM) 22.62%
GM 51.26%
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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8

2. RACE.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so RACE is creating value.
  • RACE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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

  • 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.
  • Looking at the Altman-Z score, with a value of 8.60, RACE belongs to the top of the industry, outperforming 93.55% of the companies in the same industry.
  • The Debt to FCF ratio of RACE is 2.12, which is a good value as it means it would take RACE, 2.12 years of fcf income to pay off all of its debts.
  • RACE has a better Debt to FCF ratio (2.12) than 90.32% of its industry peers.
  • A Debt/Equity ratio of 0.76 indicates that RACE is somewhat dependend on debt financing.
  • The Debt to Equity ratio of RACE (0.76) is comparable to the rest of the industry.
  • 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 0.76
Debt/FCF 2.12
Altman-Z 8.6
ROIC/WACC2.9
WACC7.81%
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 2.10. This indicates that RACE is financially healthy and has no problem in meeting its short term obligations.
  • RACE has a better Current ratio (2.10) than 83.87% of its industry peers.
  • RACE has a Quick Ratio of 1.62. 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 (1.62) than 87.10% of its industry peers.
Industry RankSector Rank
Current Ratio 2.1
Quick Ratio 1.62
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

3

3. RACE.MI Growth Analysis

3.1 Past

  • RACE shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.03%.
  • Measured over the past years, RACE shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.36% on average per year.
EPS 1Y (TTM)6.03%
EPS 3Y20.79%
EPS 5Y22.36%
EPS Q2Q%0%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.8%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.83% on average over the next years. This is quite good.
  • Based on estimates for the next years, RACE will show a small growth in Revenue. The Revenue will grow by 6.25% on average per year.
EPS Next Y8.12%
EPS Next 2Y9.32%
EPS Next 3Y9.43%
EPS Next 5Y8.83%
Revenue Next Year5.86%
Revenue Next 2Y6.52%
Revenue Next 3Y6.6%
Revenue Next 5Y6.25%

3.3 Evolution

  • The EPS 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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2

4. RACE.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 33.62, the valuation of RACE can be described as expensive.
  • RACE's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, RACE is valued a bit more expensive.
  • With a Price/Forward Earnings ratio of 31.10, RACE can be considered very expensive at the moment.
  • RACE's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. RACE is more expensive than 64.52% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.57. RACE is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 33.62
Fwd PE 31.1
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 70.97% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, RACE is valued a bit cheaper than 61.29% of the companies in the same industry.
Industry RankSector Rank
P/FCF 43.17
EV/EBITDA 22.63
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 an expensive valuation of the company.
  • RACE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.14
PEG (5Y)1.5
EPS Next 2Y9.32%
EPS Next 3Y9.43%

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

0

5. RACE.MI Dividend Analysis

5.1 Amount

  • RACE does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

RACE.MI Fundamentals: All Metrics, Ratios and Statistics

FERRARI NV

BIT:RACE (3/6/2026, 7:00:00 PM)

301.6

-6.5 (-2.11%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)02-10
Earnings (Next)05-05
Inst Owners45.22%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap58.49B
Revenue(TTM)N/A
Net Income(TTM)1.60B
Analysts74.81
Price Target383.28 (27.08%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend1.81
Dividend Growth(5Y)18.29%
DP33.19%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.18%
Min EPS beat(2)-1.61%
Max EPS beat(2)1.97%
EPS beat(4)2
Avg EPS beat(4)2.56%
Min EPS beat(4)-1.9%
Max EPS beat(4)11.77%
EPS beat(8)6
Avg EPS beat(8)3.69%
EPS beat(12)9
Avg EPS beat(12)4.2%
EPS beat(16)13
Avg EPS beat(16)4.23%
Revenue beat(2)1
Avg Revenue beat(2)-1.14%
Min Revenue beat(2)-4.23%
Max Revenue beat(2)1.96%
Revenue beat(4)2
Avg Revenue beat(4)-0.15%
Min Revenue beat(4)-4.23%
Max Revenue beat(4)2.78%
Revenue beat(8)3
Avg Revenue beat(8)-0.04%
Revenue beat(12)6
Avg Revenue beat(12)0.82%
Revenue beat(16)8
Avg Revenue beat(16)0.91%
PT rev (1m)-1.2%
PT rev (3m)-9.11%
EPS NQ rev (1m)0.12%
EPS NQ rev (3m)-6.64%
EPS NY rev (1m)0%
EPS NY rev (3m)0.04%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)-2.05%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)-0.01%
Valuation
Industry RankSector Rank
PE 33.62
Fwd PE 31.1
P/S 8.26
P/FCF 43.17
P/OCF 25.15
P/B 15.5
P/tB 43.22
EV/EBITDA 22.63
EPS(TTM)8.97
EY2.97%
EPS(NY)9.7
Fwd EY3.22%
FCF(TTM)6.99
FCFY2.32%
OCF(TTM)11.99
OCFY3.98%
SpS36.51
BVpS19.46
TBVpS6.98
PEG (NY)4.14
PEG (5Y)1.5
Graham Number62.67
Profitability
Industry RankSector Rank
ROA 16.89%
ROE 42.43%
ROCE 28.42%
ROIC 22.63%
ROICexc 28.22%
ROICexgc 48.47%
OM 29.01%
PM (TTM) 22.62%
GM 51.26%
FCFM 19.14%
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 Turnover0.75
Health
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 2.12
Debt/EBITDA 1.06
Cap/Depr 149.43%
Cap/Sales 13.71%
Interest Coverage 18.26
Cash Conversion 86.02%
Profit Quality 84.6%
Current Ratio 2.1
Quick Ratio 1.62
Altman-Z 8.6
F-Score8
WACC7.81%
ROIC/WACC2.9
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)6.03%
EPS 3Y20.79%
EPS 5Y22.36%
EPS Q2Q%0%
EPS Next Y8.12%
EPS Next 2Y9.32%
EPS Next 3Y9.43%
EPS Next 5Y8.83%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.8%
Revenue Next Year5.86%
Revenue Next 2Y6.52%
Revenue Next 3Y6.6%
Revenue Next 5Y6.25%
EBIT growth 1Y15.08%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year47.06%
EBIT Next 3Y19.18%
EBIT Next 5Y14.86%
FCF growth 1Y78.79%
FCF growth 3Y19.78%
FCF growth 5Y9.32%
OCF growth 1Y43.5%
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 8.12% in the next year.