FERRARI NV (RACE.MI) Fundamental Analysis & Valuation

BIT:RACE • NL0011585146

292.6 EUR
-2 (-0.68%)
Last: Mar 12, 2026, 05:36 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

RACE gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 31 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. This makes RACE very considerable for quality investing!


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.
  • 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 2025 500M 1B 1.5B 2B

1.2 Ratios

  • RACE has a better Return On Assets (16.59%) than 93.55% of its industry peers.
  • RACE has a Return On Equity of 40.87%. This is amongst the best in the industry. RACE outperforms 96.77% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 22.35%, RACE belongs to the top of the industry, outperforming 96.77% of the companies in the same industry.
  • RACE had an Average Return On Invested Capital over the past 3 years of 21.13%. This is significantly above the industry average of 6.02%.
  • The 3 year average ROIC (21.13%) for RACE is below the current ROIC(22.35%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 16.59%
ROE 40.87%
ROIC 22.35%
ROA(3y)16.05%
ROA(5y)14.45%
ROE(3y)41.61%
ROE(5y)39.69%
ROIC(3y)21.13%
ROIC(5y)19.15%
RACE.MI Yearly ROA, ROE, ROICRACE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80 100

1.3 Margins

  • RACE has a Profit Margin of 22.35%. This is amongst the best in the industry. RACE outperforms 96.77% of its industry peers.
  • RACE's Profit Margin has improved in the last couple of years.
  • RACE has a Operating Margin of 29.35%. This is amongst the best in the industry. RACE outperforms 93.55% of its industry peers.
  • RACE's Operating Margin has improved in the last couple of years.
  • The Gross Margin of RACE (51.68%) is better than 93.55% 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 RankSector Rank
OM 29.35%
PM (TTM) 22.35%
GM 51.68%
OM growth 3Y6.98%
OM growth 5Y7.37%
PM growth 3Y6.88%
PM growth 5Y4.93%
GM growth 3Y2.48%
GM growth 5Y0.16%
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 2025 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. RACE.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), RACE is creating value.
  • RACE has less shares outstanding than it did 1 year ago.
  • RACE has less shares outstanding than it did 5 years ago.
  • RACE has a better 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 2025 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 2025 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 8.33 indicates that RACE is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 8.33, RACE belongs to the best of the industry, outperforming 90.32% of the companies in the same industry.
  • RACE has a debt to FCF ratio of 2.05. This is a good value and a sign of high solvency as RACE would need 2.05 years to pay back of all of its debts.
  • The Debt to FCF ratio of RACE (2.05) is better than 87.10% of its industry peers.
  • RACE has a Debt/Equity ratio of 0.74. This is a neutral value indicating RACE is somewhat dependend on debt financing.
  • RACE has a Debt to Equity ratio of 0.74. This is in the lower half of the industry: RACE underperforms 61.29% of its industry peers.
  • Although RACE's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. 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 RankSector Rank
Debt/Equity 0.74
Debt/FCF 2.05
Altman-Z 8.33
ROIC/WACC2.84
WACC7.88%
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 2025 1B 2B 3B

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.
  • With an excellent Current ratio value of 2.19, RACE belongs to the best of the industry, outperforming 90.32% of the companies in the same industry.
  • A Quick Ratio of 1.69 indicates that RACE should not have too much problems paying its short term obligations.
  • The Quick ratio of RACE (1.69) is better than 87.10% of its industry peers.
Industry RankSector Rank
Current Ratio 2.19
Quick Ratio 1.69
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 2025 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. 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%.
  • The Earnings Per Share has been growing by 22.36% on average over the past years. This is a very strong growth
  • The Revenue has been growing slightly by 7.03% in the past year.
  • The Revenue has been growing by 15.61% on average over the past years. This is quite good.
EPS 1Y (TTM)6.03%
EPS 3Y20.79%
EPS 5Y22.36%
EPS Q2Q%0%
Revenue 1Y (TTM)7.03%
Revenue growth 3Y11.93%
Revenue growth 5Y15.61%
Sales Q2Q%3.8%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.79% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 6.14% on average over the next years.
EPS Next Y8.89%
EPS Next 2Y9.63%
EPS Next 3Y8.7%
EPS Next 5Y8.79%
Revenue Next Year5.98%
Revenue Next 2Y6.69%
Revenue Next 3Y6.56%
Revenue Next 5Y6.14%

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.
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 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15

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Find the best growth stocksShow best growing peers

1

4. RACE.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 32.62 indicates a quite expensive valuation of RACE.
  • Compared to the rest of the industry, the Price/Earnings ratio of RACE indicates a slightly more expensive valuation: RACE is more expensive than 64.52% of the companies listed in the same industry.
  • RACE is valuated rather expensively when we compare the Price/Earnings ratio to 26.15, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 29.96 indicates a quite expensive valuation of RACE.
  • Based on the Price/Forward Earnings ratio, RACE is valued a bit more expensive than the industry average as 70.97% of the companies are valued more cheaply.
  • The average S&P500 Price/Forward Earnings ratio is at 24.27. RACE is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 32.62
Fwd PE 29.96
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

  • 74.19% 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 RankSector Rank
P/FCF 40.35
EV/EBITDA 21.22
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.
  • RACE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.67
PEG (5Y)1.46
EPS Next 2Y9.63%
EPS Next 3Y8.7%

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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 (3/12/2026, 5:36:15 PM)

292.6

-2 (-0.68%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)02-10
Earnings (Next)05-05
Inst Owners43.25%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap56.74B
Revenue(TTM)7.15B
Net Income(TTM)1.60B
Analysts75.56
Price Target383.28 (30.99%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend2.22
Dividend Growth(5Y)21.56%
DP33.17%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.6%
Min EPS beat(2)1.23%
Max EPS beat(2)1.97%
EPS beat(4)2
Avg EPS beat(4)-0.08%
Min EPS beat(4)-1.9%
Max EPS beat(4)1.97%
EPS beat(8)6
Avg EPS beat(8)3.12%
EPS beat(12)10
Avg EPS beat(12)4.35%
EPS beat(16)13
Avg EPS beat(16)3.76%
Revenue beat(2)1
Avg Revenue beat(2)0.65%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)1.96%
Revenue beat(4)1
Avg Revenue beat(4)-1.01%
Min Revenue beat(4)-4.23%
Max Revenue beat(4)1.96%
Revenue beat(8)3
Avg Revenue beat(8)-0.01%
Revenue beat(12)5
Avg Revenue beat(12)0.06%
Revenue beat(16)8
Avg Revenue beat(16)0.98%
PT rev (1m)0.04%
PT rev (3m)-8.6%
EPS NQ rev (1m)1.93%
EPS NQ rev (3m)-16.27%
EPS NY rev (1m)0.71%
EPS NY rev (3m)-3.46%
Revenue NQ rev (1m)2.03%
Revenue NQ rev (3m)-6.31%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)-1.8%
Valuation
Industry RankSector Rank
PE 32.62
Fwd PE 29.96
P/S 7.94
P/FCF 40.35
P/OCF 24.15
P/B 14.52
P/tB 38.25
EV/EBITDA 21.22
EPS(TTM)8.97
EY3.07%
EPS(NY)9.77
Fwd EY3.34%
FCF(TTM)7.25
FCFY2.48%
OCF(TTM)12.11
OCFY4.14%
SpS36.85
BVpS20.15
TBVpS7.65
PEG (NY)3.67
PEG (5Y)1.46
Graham Number63.77
Profitability
Industry RankSector Rank
ROA 16.59%
ROE 40.87%
ROCE 28.24%
ROIC 22.35%
ROICexc 27.88%
ROICexgc 47.01%
OM 29.35%
PM (TTM) 22.35%
GM 51.68%
FCFM 19.68%
ROA(3y)16.05%
ROA(5y)14.45%
ROE(3y)41.61%
ROE(5y)39.69%
ROIC(3y)21.13%
ROIC(5y)19.15%
ROICexc(3y)26.62%
ROICexc(5y)24.54%
ROICexgc(3y)46.02%
ROICexgc(5y)43.96%
ROCE(3y)26.7%
ROCE(5y)24.19%
ROICexgc growth 3Y5.49%
ROICexgc growth 5Y8.03%
ROICexc growth 3Y9.13%
ROICexc growth 5Y11.79%
OM growth 3Y6.98%
OM growth 5Y7.37%
PM growth 3Y6.88%
PM growth 5Y4.93%
GM growth 3Y2.48%
GM growth 5Y0.16%
F-Score8
Asset Turnover0.74
Health
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 2.05
Debt/EBITDA 1.05
Cap/Depr 142.49%
Cap/Sales 13.2%
Interest Coverage 16.61
Cash Conversion 85.15%
Profit Quality 88.05%
Current Ratio 2.19
Quick Ratio 1.69
Altman-Z 8.33
F-Score8
WACC7.88%
ROIC/WACC2.84
Cap/Depr(3y)140.68%
Cap/Depr(5y)146.2%
Cap/Sales(3y)14.19%
Cap/Sales(5y)15.12%
Profit Quality(3y)72.45%
Profit Quality(5y)69.45%
High Growth Momentum
Growth
EPS 1Y (TTM)6.03%
EPS 3Y20.79%
EPS 5Y22.36%
EPS Q2Q%0%
EPS Next Y8.89%
EPS Next 2Y9.63%
EPS Next 3Y8.7%
EPS Next 5Y8.79%
Revenue 1Y (TTM)7.03%
Revenue growth 3Y11.93%
Revenue growth 5Y15.61%
Sales Q2Q%3.8%
Revenue Next Year5.98%
Revenue Next 2Y6.69%
Revenue Next 3Y6.56%
Revenue Next 5Y6.14%
EBIT growth 1Y11.58%
EBIT growth 3Y19.75%
EBIT growth 5Y24.13%
EBIT Next Year41.25%
EBIT Next 3Y17.9%
EBIT Next 5Y13.3%
FCF growth 1Y49.99%
FCF growth 3Y32.92%
FCF growth 5Y61.19%
OCF growth 1Y21.94%
OCF growth 3Y18.74%
OCF growth 5Y22.89%

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 1 / 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 9 / 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 8.89% in the next year.