FERRARI NV (RACE.MI) Stock Fundamental Analysis
BIT:RACE - Euronext Milan - NL0011585146 - Common Stock - Currency: EUR
RACE gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 28 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. With these ratings, RACE could be worth investigating further 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.
Each year in the past 5 years RACE had a positive operating cash flow.
1.2 Ratios
RACE has a Return On Assets of 16.02%. This is amongst the best in the industry. RACE outperforms 92.86% of its industry peers.
With an excellent Return On Equity value of 43.06%, RACE belongs to the best of the industry, outperforming 96.43% of the companies in the same industry.
RACE's Return On Invested Capital of 20.08% is amongst the best of the industry. RACE outperforms 92.86% 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 7.39%.
The last Return On Invested Capital (20.08%) for RACE is above the 3 year average (19.26%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.02% | ||
| ROE | 43.06% | ||
| ROIC | 20.08% |
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 22.79%, RACE belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
RACE's Profit Margin has improved in the last couple of years.
The Operating Margin of RACE (28.15%) is better than 92.86% of its industry peers.
RACE's Operating Margin has improved in the last couple of years.
The Gross Margin of RACE (50.13%) is better than 96.43% of its industry peers.
RACE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.15% | ||
| PM (TTM) | 22.79% | ||
| GM | 50.13% |
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.
RACE has less shares outstanding than it did 5 years ago.
The debt/assets ratio for RACE is higher compared to a year ago.
2.2 Solvency
RACE has an Altman-Z score of 10.07. This indicates that RACE is financially healthy and has little risk of bankruptcy at the moment.
RACE has a Altman-Z score of 10.07. This is amongst the best in the industry. RACE outperforms 92.86% of its industry peers.
RACE has a debt to FCF ratio of 3.58. This is a good value and a sign of high solvency as RACE would need 3.58 years to pay back of all of its debts.
The Debt to FCF ratio of RACE (3.58) is better than 89.29% of its industry peers.
A Debt/Equity ratio of 0.95 indicates that RACE is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.95, RACE is not doing good in the industry: 60.71% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 3.58 | ||
| Altman-Z | 10.07 |
ROIC/WACC2.43
WACC8.27%
2.3 Liquidity
A Current Ratio of 2.45 indicates that RACE has no problem at all paying its short term obligations.
The Current ratio of RACE (2.45) is better than 89.29% of its industry peers.
RACE has a Quick Ratio of 1.92. This is a normal value and indicates that RACE is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of RACE (1.92) is better than 92.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.45 | ||
| Quick Ratio | 1.92 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.79% 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)22.79%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%32.1%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%13.99%
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 8.06% yearly.
RACE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.38% yearly.
EPS Next Y8.15%
EPS Next 2Y11.32%
EPS Next 3Y10.77%
EPS Next 5Y8.06%
Revenue Next Year8.19%
Revenue Next 2Y9.48%
Revenue Next 3Y8.59%
Revenue Next 5Y6.38%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 47.64, the valuation of RACE can be described as expensive.
RACE's Price/Earnings ratio is a bit more expensive when compared to the industry. RACE is more expensive than 78.57% of the companies in the same industry.
When comparing the Price/Earnings ratio of RACE to the average of the S&P500 Index (28.92), we can say RACE is valued expensively.
With a Price/Forward Earnings ratio of 44.04, RACE can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of RACE indicates a slightly more expensive valuation: RACE is more expensive than 78.57% of the companies listed in the same industry.
RACE is valuated expensively when we compare the Price/Forward Earnings ratio to 21.65, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.64 | ||
| Fwd PE | 44.04 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RACE indicates a rather expensive valuation: RACE more expensive than 82.14% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, RACE is valued a bit cheaper than 67.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 83.36 | ||
| EV/EBITDA | 31.16 |
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)5.84
PEG (5Y)2.66
EPS Next 2Y11.32%
EPS Next 3Y10.77%
5. Dividend
5.1 Amount
With a yearly dividend of 0.77%, RACE is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.56, RACE is paying slightly less dividend.
With a Dividend Yield of 0.77, RACE pays less dividend than the S&P500 average, which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.77% |
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 28.91% 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.
DP28.91%
EPS Next 2Y11.32%
EPS Next 3Y10.77%
BIT:RACE (4/25/2025, 12:16:02 PM)
403
+2.1 (+0.52%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners39.38%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap78.15B
Analysts76.36
Price Target468.19 (16.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.77% |
Yearly Dividend1.81
Dividend Growth(5Y)18.29%
DP28.91%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.64%
Min EPS beat(2)3.51%
Max EPS beat(2)11.77%
EPS beat(4)4
Avg EPS beat(4)6.31%
Min EPS beat(4)2.16%
Max EPS beat(4)11.77%
EPS beat(8)8
Avg EPS beat(8)6.56%
EPS beat(12)11
Avg EPS beat(12)5.03%
EPS beat(16)14
Avg EPS beat(16)4.86%
Revenue beat(2)1
Avg Revenue beat(2)0.7%
Min Revenue beat(2)-1.38%
Max Revenue beat(2)2.78%
Revenue beat(4)2
Avg Revenue beat(4)0.99%
Min Revenue beat(4)-1.45%
Max Revenue beat(4)4.01%
Revenue beat(8)4
Avg Revenue beat(8)0.59%
Revenue beat(12)7
Avg Revenue beat(12)1.64%
Revenue beat(16)7
Avg Revenue beat(16)-0.97%
PT rev (1m)-0.38%
PT rev (3m)4.88%
EPS NQ rev (1m)-0.14%
EPS NQ rev (3m)8.76%
EPS NY rev (1m)0.12%
EPS NY rev (3m)0.11%
Revenue NQ rev (1m)0.39%
Revenue NQ rev (3m)3.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.64 | ||
| Fwd PE | 44.04 | ||
| P/S | 11.7 | ||
| P/FCF | 83.36 | ||
| P/OCF | 40.56 | ||
| P/B | 22.11 | ||
| P/tB | 64.96 | ||
| EV/EBITDA | 31.16 |
EPS(TTM)8.46
EY2.1%
EPS(NY)9.15
Fwd EY2.27%
FCF(TTM)4.83
FCFY1.2%
OCF(TTM)9.94
OCFY2.47%
SpS34.43
BVpS18.22
TBVpS6.2
PEG (NY)5.84
PEG (5Y)2.66
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.02% | ||
| ROE | 43.06% | ||
| ROCE | 25.22% | ||
| ROIC | 20.08% | ||
| ROICexc | 26.24% | ||
| ROICexgc | 44.36% | ||
| OM | 28.15% | ||
| PM (TTM) | 22.79% | ||
| GM | 50.13% | ||
| FCFM | 14.04% |
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%
ROICexcg growth 3Y1.86%
ROICexcg 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-Score7
Asset Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 3.58 | ||
| Debt/EBITDA | 1.32 | ||
| Cap/Depr | 148.35% | ||
| Cap/Sales | 14.82% | ||
| Interest Coverage | 37.33 | ||
| Cash Conversion | 75.67% | ||
| Profit Quality | 61.6% | ||
| Current Ratio | 2.45 | ||
| Quick Ratio | 1.92 | ||
| Altman-Z | 10.07 |
F-Score7
WACC8.27%
ROIC/WACC2.43
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)22.79%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%32.1%
EPS Next Y8.15%
EPS Next 2Y11.32%
EPS Next 3Y10.77%
EPS Next 5Y8.06%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%13.99%
Revenue Next Year8.19%
Revenue Next 2Y9.48%
Revenue Next 3Y8.59%
Revenue Next 5Y6.38%
EBIT growth 1Y16.65%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year42.8%
EBIT Next 3Y21.84%
EBIT Next 5Y16.43%
FCF growth 1Y10.59%
FCF growth 3Y19.78%
FCF growth 5Y9.32%
OCF growth 1Y12.23%
OCF growth 3Y14.52%
OCF growth 5Y8.09%