FERRARI NV (RACE.MI) Stock Fundamental Analysis
Europe - BIT:RACE - NL0011585146 - Common Stock
406.7 EUR
-0.6 (-0.15%)
Overall RACE gets a fundamental rating of 6 out of 10. We evaluated RACE against 29 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 is valied quite expensively at the moment, while it does show a decent growth rate. These ratings would make RACE suitable 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 100.00% of its industry peers.
RACE has a Return On Equity of 45.01%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
RACE has a Return On Invested Capital of 22.10%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
RACE had an Average Return On Invested Capital over the past 3 years of 19.26%. This is significantly above the industry average of 6.71%.
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's Operating Margin of 29.02% is amongst the best of the industry. RACE outperforms 96.55% of its industry peers.
RACE's Operating Margin has improved in the last couple of years.
RACE has a Gross Margin of 51.20%. This is amongst the best in the industry. RACE outperforms 100.00% 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.
Compared to 1 year ago, RACE has less shares outstanding
The number of shares outstanding for RACE has been reduced compared to 5 years ago.
The debt/assets ratio for RACE is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 9.98 indicates that RACE is not in any danger for bankruptcy at the moment.
The Altman-Z score of RACE (9.98) is better than 96.55% 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.
RACE has a better Debt to FCF ratio (2.32) than 86.21% of its industry peers.
A Debt/Equity ratio of 0.89 indicates that RACE is somewhat dependend on debt financing.
RACE has a Debt to Equity ratio (0.89) which 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 2.32 | ||
| Altman-Z | 9.98 |
ROIC/WACC2.8
WACC7.9%
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.
RACE's Current ratio of 2.08 is amongst the best of the industry. RACE outperforms 93.10% of its industry peers.
A Quick Ratio of 1.61 indicates that RACE should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.61, RACE belongs to the top of the industry, outperforming 96.55% of the companies in the same industry.
| 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 16.02%, which is quite good.
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 9.34% in the last year.
Measured over the past years, RACE shows a quite strong growth in Revenue. The Revenue has been growing by 12.13% on average per year.
EPS 1Y (TTM)16.02%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%4.37%
Revenue 1Y (TTM)9.34%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%4.38%
3.2 Future
The Earnings Per Share is expected to grow by 8.14% 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 6.78% on average per year.
EPS Next Y6.77%
EPS Next 2Y11.59%
EPS Next 3Y11.04%
EPS Next 5Y8.14%
Revenue Next Year7.33%
Revenue Next 2Y9.45%
Revenue Next 3Y8.73%
Revenue Next 5Y6.78%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 45.65 indicates a quite expensive valuation of RACE.
RACE's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.27, RACE is valued quite expensively.
A Price/Forward Earnings ratio of 38.61 indicates a quite expensive valuation of RACE.
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 68.97% of the companies listed in the same industry.
RACE's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.77.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.65 | ||
| Fwd PE | 38.61 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RACE is valued a bit more expensive than 72.41% 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 | 58.03 | ||
| EV/EBITDA | 30.17 |
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)6.74
PEG (5Y)2.55
EPS Next 2Y11.59%
EPS Next 3Y11.04%
5. Dividend
5.1 Amount
RACE has a yearly dividend return of 0.73%, which is pretty low.
Compared to an average industry Dividend Yield of 5.51, RACE is paying slightly less dividend.
With a Dividend Yield of 0.73, RACE pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.73% |
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.
The dividend of RACE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP32.88%
EPS Next 2Y11.59%
EPS Next 3Y11.04%
BIT:RACE (9/15/2025, 5:36:15 PM)
406.7
-0.6 (-0.15%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners41.52%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap78.87B
Analysts75.45
Price Target471.65 (15.97%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.73% |
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)1.22%
PT rev (3m)0.78%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.71%
EPS NY rev (1m)-1.28%
EPS NY rev (3m)-1.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.02%
Revenue NY rev (1m)-1.3%
Revenue NY rev (3m)-1.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.65 | ||
| Fwd PE | 38.61 | ||
| P/S | 11.33 | ||
| P/FCF | 58.03 | ||
| P/OCF | 33.59 | ||
| P/B | 22.27 | ||
| P/tB | 69.01 | ||
| EV/EBITDA | 30.17 |
EPS(TTM)8.91
EY2.19%
EPS(NY)10.53
Fwd EY2.59%
FCF(TTM)7.01
FCFY1.72%
OCF(TTM)12.11
OCFY2.98%
SpS35.88
BVpS18.26
TBVpS5.89
PEG (NY)6.74
PEG (5Y)2.55
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%
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-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 | 9.98 |
F-Score8
WACC7.9%
ROIC/WACC2.8
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)16.02%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%4.37%
EPS Next Y6.77%
EPS Next 2Y11.59%
EPS Next 3Y11.04%
EPS Next 5Y8.14%
Revenue 1Y (TTM)9.34%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%4.38%
Revenue Next Year7.33%
Revenue Next 2Y9.45%
Revenue Next 3Y8.73%
Revenue Next 5Y6.78%
EBIT growth 1Y15.89%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year40.75%
EBIT Next 3Y21.74%
EBIT Next 5Y14.71%
FCF growth 1Y103.88%
FCF growth 3Y19.78%
FCF growth 5Y9.32%
OCF growth 1Y54.15%
OCF growth 3Y14.52%
OCF growth 5Y8.09%