FERRARI NV (RACE.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:RACE - NL0011585146 - Common Stock
294 EUR
-6.1 (-2.03%)
Taking everything into account, RACE scores 6 out of 10 in our fundamental rating. RACE was compared to 30 industry peers in the Automobiles industry. RACE gets an excellent profitability rating and is at the same time showing great financial health properties. 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
- 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.
- In the past 5 years RACE always reported a positive cash flow from operatings.
1.2 Ratios
- RACE has a better Return On Assets (16.52%) than 96.67% of its industry peers.
- The Return On Equity of RACE (45.01%) is better 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.
- Measured over the past 3 years, the Average Return On Invested Capital for RACE is significantly above the industry average of 6.43%.
- 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 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
- Looking at the Profit Margin, with a value of 22.91%, RACE belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- RACE's Profit Margin has improved in the last couple of years.
- RACE has a better Operating Margin (29.02%) than 96.67% of its industry peers.
- RACE's Operating Margin has improved in the last couple of years.
- RACE's Gross Margin of 51.20% is amongst the best of the industry. RACE outperforms 96.67% of its industry peers.
- 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.
- RACE has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for RACE has been reduced compared to 5 years ago.
- Compared to 1 year ago, RACE has a worse debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 7.94 indicates that RACE is not in any danger for bankruptcy at the moment.
- With an excellent Altman-Z score value of 7.94, RACE belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
- RACE has a debt to FCF ratio of 2.32. This is a good value and a sign of high solvency as RACE would need 2.32 years to pay back of all of its debts.
- RACE has a Debt to FCF ratio of 2.32. This is amongst the best in the industry. RACE outperforms 90.00% of its industry peers.
- A Debt/Equity ratio of 0.89 indicates that RACE is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.89, RACE is doing worse than 60.00% of the companies in the same industry.
- Although RACE does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 2.32 | ||
| Altman-Z | 7.94 |
ROIC/WACC2.81
WACC7.87%
2.3 Liquidity
- A Current Ratio of 2.08 indicates that RACE has no problem at all paying its short term obligations.
- RACE has a Current ratio of 2.08. This is amongst the best in the industry. RACE outperforms 93.33% of its industry peers.
- A Quick Ratio of 1.61 indicates that RACE should not have too much problems paying its short term obligations.
- With an excellent Quick ratio value of 1.61, RACE belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
| 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.
- The Earnings Per Share has been growing by 17.92% on average over the past years. This is quite good.
- RACE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.83%.
- The Revenue has been growing by 12.13% on average over the past years. This is quite good.
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
- RACE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.04% yearly.
- RACE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.12% yearly.
EPS Next Y7.58%
EPS Next 2Y7.97%
EPS Next 3Y8.63%
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.
- 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
- Based on the Price/Earnings ratio of 32.78, the valuation of RACE can be described as expensive.
- The rest of the industry has a similar Price/Earnings ratio as RACE.
- Compared to an average S&P500 Price/Earnings ratio of 27.38, RACE is valued at the same level.
- The Price/Forward Earnings ratio is 29.81, which means the current valuation is very expensive for RACE.
- Based on the Price/Forward Earnings ratio, RACE is valued a bit more expensive than 66.67% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.29. RACE is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.78 | ||
| Fwd PE | 29.81 |
4.2 Price Multiples
- 70.00% of the companies in the same industry are cheaper than RACE, based on the Enterprise Value to EBITDA ratio.
- RACE's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.95 | ||
| EV/EBITDA | 22.39 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The excellent profitability rating of RACE may justify a higher PE ratio.
PEG (NY)4.32
PEG (5Y)1.83
EPS Next 2Y7.97%
EPS Next 3Y8.63%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.97%, RACE is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 3.48, RACE is paying slightly less dividend.
- With a Dividend Yield of 0.97, RACE pays less dividend than the S&P500 average, which is at 1.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.97% |
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
- 32.88% of the earnings are spent on dividend by RACE. This is a low number and 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 2Y7.97%
EPS Next 3Y8.63%
BIT:RACE (1/19/2026, 10:49:06 AM)
294
-6.1 (-2.03%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)11-04 2025-11-04/dmh
Earnings (Next)02-10 2026-02-10/amc
Inst Owners45.22%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap57.01B
Revenue(TTM)6.68B
Net Income(TTM)1.59B
Analysts74.17
Price Target387.96 (31.96%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.97% |
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)-7.48%
PT rev (3m)-17.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.89%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)0.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.58%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.78 | ||
| Fwd PE | 29.81 | ||
| P/S | 8.19 | ||
| P/FCF | 41.95 | ||
| P/OCF | 24.28 | ||
| P/B | 16.1 | ||
| P/tB | 49.88 | ||
| EV/EBITDA | 22.39 |
EPS(TTM)8.97
EY3.05%
EPS(NY)9.86
Fwd EY3.35%
FCF(TTM)7.01
FCFY2.38%
OCF(TTM)12.11
OCFY4.12%
SpS35.88
BVpS18.26
TBVpS5.89
PEG (NY)4.32
PEG (5Y)1.83
Graham Number60.71
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%
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 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 | 7.94 |
F-Score8
WACC7.87%
ROIC/WACC2.81
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 Y7.58%
EPS Next 2Y7.97%
EPS Next 3Y8.63%
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 7.58% in the next year.