FERRARI NV (RACE.MI) Stock Fundamental Analysis
Europe - BIT:RACE - NL0011585146 - Common Stock
363.05 EUR
-5.75 (-1.56%)
Taking everything into account, RACE scores 6 out of 10 in our fundamental rating. RACE was compared to 31 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 valied quite expensively at the moment, while it does show a decent growth rate. This makes RACE very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year RACE was profitable.
RACE had a positive operating cash flow in the past year.
RACE had positive earnings in each of the past 5 years.
In the past 5 years RACE always reported a positive cash flow from operatings.
1.2 Ratios
RACE has a Return On Assets of 16.52%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
With an excellent Return On Equity value of 45.01%, RACE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
RACE has a better Return On Invested Capital (22.10%) than 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for RACE is significantly above the industry average of 6.79%.
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
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.
In the last couple of years the Profit Margin of RACE has grown nicely.
RACE has a better Operating Margin (29.02%) than 96.77% of its industry peers.
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 96.77% 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 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.
The debt/assets ratio for RACE is higher compared to a year ago.
2.2 Solvency
RACE has an Altman-Z score of 9.25. This indicates that RACE is financially healthy and has little risk of bankruptcy at the moment.
RACE has a Altman-Z score of 9.25. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
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 90.32% of the companies in the same industry.
RACE has a Debt/Equity ratio of 0.89. This is a neutral value indicating RACE is somewhat dependend on debt financing.
RACE has a Debt to Equity ratio of 0.89. This is in the lower half of the industry: RACE underperforms 64.52% 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 | 9.25 |
ROIC/WACC2.79
WACC7.93%
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.
The Current ratio of RACE (2.08) is better than 93.55% 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's Quick ratio of 1.61 is amongst the best of the industry. RACE outperforms 90.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.08 | ||
| Quick Ratio | 1.61 |
3. Growth
3.1 Past
RACE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.43%, which is quite good.
Measured over the past years, RACE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.92% on average per year.
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)13.43%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%4.62%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%9.29%
3.2 Future
The Earnings Per Share is expected to grow by 8.35% 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 6.41% on average per year.
EPS Next Y7.2%
EPS Next 2Y9.88%
EPS Next 3Y9.62%
EPS Next 5Y8.35%
Revenue Next Year7.72%
Revenue Next 2Y8.75%
Revenue Next 3Y7.87%
Revenue Next 5Y6.41%
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.
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
With a Price/Earnings ratio of 40.29, RACE can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of RACE is on the same level as its industry peers.
RACE is valuated expensively when we compare the Price/Earnings ratio to 26.34, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 35.54 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 67.74% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 34.43. RACE is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.29 | ||
| Fwd PE | 35.54 |
4.2 Price Multiples
RACE's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. RACE is more expensive than 70.97% of the companies in the same industry.
RACE's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.8 | ||
| EV/EBITDA | 27.37 |
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.
The excellent profitability rating of RACE may justify a higher PE ratio.
PEG (NY)5.6
PEG (5Y)2.25
EPS Next 2Y9.88%
EPS Next 3Y9.62%
5. Dividend
5.1 Amount
With a yearly dividend of 0.85%, RACE is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.21, RACE is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.36, RACE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
5.2 History
The dividend of RACE is nicely growing with an annual growth rate of 18.29%!
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.
RACE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP32.88%
EPS Next 2Y9.88%
EPS Next 3Y9.62%
BIT:RACE (11/13/2025, 11:09:16 AM)
363.05
-5.75 (-1.56%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners41.88%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap70.40B
Revenue(TTM)6.68B
Net Income(TTM)1.59B
Analysts76.52
Price Target424.44 (16.91%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
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)-9.61%
PT rev (3m)-8.67%
EPS NQ rev (1m)-2.58%
EPS NQ rev (3m)-4.39%
EPS NY rev (1m)0.25%
EPS NY rev (3m)-0.89%
Revenue NQ rev (1m)-0.57%
Revenue NQ rev (3m)-1.65%
Revenue NY rev (1m)0.36%
Revenue NY rev (3m)-0.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.29 | ||
| Fwd PE | 35.54 | ||
| P/S | 10.12 | ||
| P/FCF | 51.8 | ||
| P/OCF | 29.98 | ||
| P/B | 19.88 | ||
| P/tB | 61.6 | ||
| EV/EBITDA | 27.37 |
EPS(TTM)9.01
EY2.48%
EPS(NY)10.21
Fwd EY2.81%
FCF(TTM)7.01
FCFY1.93%
OCF(TTM)12.11
OCFY3.34%
SpS35.88
BVpS18.26
TBVpS5.89
PEG (NY)5.6
PEG (5Y)2.25
Graham Number60.85
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 | 9.25 |
F-Score8
WACC7.93%
ROIC/WACC2.79
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)13.43%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%4.62%
EPS Next Y7.2%
EPS Next 2Y9.88%
EPS Next 3Y9.62%
EPS Next 5Y8.35%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%9.29%
Revenue Next Year7.72%
Revenue Next 2Y8.75%
Revenue Next 3Y7.87%
Revenue Next 5Y6.41%
EBIT growth 1Y15.89%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year46.53%
EBIT Next 3Y22.29%
EBIT Next 5Y14.41%
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 of FERRARI NV (RACE.MI) 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.
What are the PE and PB ratios of FERRARI NV (RACE.MI) stock?
The Price/Earnings (PE) ratio for FERRARI NV (RACE.MI) is 40.29 and the Price/Book (PB) ratio is 19.88.
How sustainable is the dividend of FERRARI NV (RACE.MI) stock?
The dividend rating of FERRARI NV (RACE.MI) is 3 / 10 and the dividend payout ratio is 32.88%.