FERRARI NV (RACE.MI) Fundamental Analysis & Valuation

BIT:RACE • NL0011585146

300.6 EUR
-7.5 (-2.43%)
Last: Mar 6, 2026, 03:28 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

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. RACE gets an excellent profitability rating and is at the same time showing great financial health properties. RACE does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

9

1. RACE.MI Profitability Analysis

1.1 Basic Checks

  • In the past year RACE was profitable.
  • RACE had a positive operating cash flow in the past year.
  • Of the past 5 years RACE 4 years were profitable.
  • Of the past 5 years RACE 4 years had a positive operating cash flow.
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 500M 1B 1.5B

1.2 Ratios

  • RACE's Return On Assets of 16.89% is amongst the best of the industry. RACE outperforms 96.77% of its industry peers.
  • RACE's Return On Equity of 42.43% is amongst the best of the industry. RACE outperforms 100.00% of its industry peers.
  • RACE has a better Return On Invested Capital (22.63%) 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 5.95%.
  • The 3 year average ROIC (19.26%) for RACE is below the current ROIC(22.63%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 16.89%
ROE 42.43%
ROIC 22.63%
ROA(3y)14.53%
ROA(5y)13.08%
ROE(3y)39.98%
ROE(5y)38.33%
ROIC(3y)19.26%
ROIC(5y)17.08%
RACE.MI Yearly ROA, ROE, ROICRACE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80 100

1.3 Margins

  • With an excellent Profit Margin value of 22.62%, RACE belongs to the best 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.
  • The Operating Margin of RACE (29.01%) is better than 96.77% of its industry peers.
  • In the last couple of years the Operating Margin of RACE has grown nicely.
  • Looking at the Gross Margin, with a value of 51.26%, RACE belongs to the top of the industry, outperforming 96.77% of the companies in the same industry.
  • In the last couple of years the Gross Margin of RACE has remained more or less at the same level.
Industry RankSector Rank
OM 29.01%
PM (TTM) 22.62%
GM 51.26%
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%
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 10 20 30 40 50

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8

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.
  • There is no outstanding debt for RACE. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
RACE.MI Yearly Shares OutstandingRACE.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 8.60 indicates that RACE is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 8.60, RACE belongs to the best of the industry, outperforming 93.55% of the companies in the same industry.
  • RACE has a debt to FCF ratio of 2.12. This is a good value and a sign of high solvency as RACE would need 2.12 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 2.12, RACE belongs to the best of the industry, outperforming 90.32% of the companies in the same industry.
  • RACE has a Debt/Equity ratio of 0.76. This is a neutral value indicating RACE is somewhat dependend on debt financing.
  • RACE has a Debt to Equity ratio (0.76) which is in line with 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 RankSector Rank
Debt/Equity 0.76
Debt/FCF 2.12
Altman-Z 8.6
ROIC/WACC2.89
WACC7.82%
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 1B 2B 3B

2.3 Liquidity

  • RACE has a Current Ratio of 2.10. This indicates that RACE is financially healthy and has no problem in meeting its short term obligations.
  • RACE's Current ratio of 2.10 is amongst the best of the industry. RACE outperforms 83.87% of its industry peers.
  • A Quick Ratio of 1.62 indicates that RACE should not have too much problems paying its short term obligations.
  • With an excellent Quick ratio value of 1.62, RACE belongs to the best of the industry, outperforming 87.10% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.1
Quick Ratio 1.62
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 1B 2B 3B 4B 5B

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3

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%.
  • RACE shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.36% yearly.
EPS 1Y (TTM)6.03%
EPS 3Y20.79%
EPS 5Y22.36%
EPS Q2Q%0%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.8%

3.2 Future

  • Based on estimates for the next years, RACE will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.83% on average per year.
  • Based on estimates for the next years, RACE will show a small growth in Revenue. The Revenue will grow by 6.25% on average per year.
EPS Next Y8.12%
EPS Next 2Y9.32%
EPS Next 3Y9.43%
EPS Next 5Y8.83%
Revenue Next Year5.86%
Revenue Next 2Y6.52%
Revenue Next 3Y6.6%
Revenue Next 5Y6.25%

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.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5 10 15

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2

4. RACE.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 33.51, RACE can be considered very expensive at the moment.
  • RACE's Price/Earnings is on the same level as the industry average.
  • RACE's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.69.
  • Based on the Price/Forward Earnings ratio of 31.00, the valuation of RACE can be described as expensive.
  • Based on the Price/Forward Earnings ratio, RACE is valued a bit more expensive than the industry average as 64.52% of the companies are valued more cheaply.
  • The average S&P500 Price/Forward Earnings ratio is at 24.79. RACE is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 33.51
Fwd PE 31
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

  • Based on the Enterprise Value to EBITDA ratio, RACE is valued a bit more expensive than the industry average as 70.97% of the companies are valued more cheaply.
  • RACE's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. RACE is cheaper than 61.29% of the companies in the same industry.
Industry RankSector Rank
P/FCF 43.03
EV/EBITDA 22.63
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 an expensive valuation of the company.
  • RACE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.13
PEG (5Y)1.5
EPS Next 2Y9.32%
EPS Next 3Y9.43%

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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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RACE.MI Fundamentals: All Metrics, Ratios and Statistics

FERRARI NV

BIT:RACE (3/6/2026, 3:28:06 PM)

300.6

-7.5 (-2.43%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)02-10
Earnings (Next)05-05
Inst Owners45.22%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap58.29B
Revenue(TTM)N/A
Net Income(TTM)1.60B
Analysts74.81
Price Target383.28 (27.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend1.81
Dividend Growth(5Y)18.29%
DP33.19%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.18%
Min EPS beat(2)-1.61%
Max EPS beat(2)1.97%
EPS beat(4)2
Avg EPS beat(4)2.56%
Min EPS beat(4)-1.9%
Max EPS beat(4)11.77%
EPS beat(8)6
Avg EPS beat(8)3.69%
EPS beat(12)9
Avg EPS beat(12)4.2%
EPS beat(16)13
Avg EPS beat(16)4.23%
Revenue beat(2)1
Avg Revenue beat(2)-1.14%
Min Revenue beat(2)-4.23%
Max Revenue beat(2)1.96%
Revenue beat(4)2
Avg Revenue beat(4)-0.15%
Min Revenue beat(4)-4.23%
Max Revenue beat(4)2.78%
Revenue beat(8)3
Avg Revenue beat(8)-0.04%
Revenue beat(12)6
Avg Revenue beat(12)0.82%
Revenue beat(16)8
Avg Revenue beat(16)0.91%
PT rev (1m)-1.2%
PT rev (3m)-9.11%
EPS NQ rev (1m)0.12%
EPS NQ rev (3m)-6.64%
EPS NY rev (1m)0%
EPS NY rev (3m)0.04%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)-2.05%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)-0.01%
Valuation
Industry RankSector Rank
PE 33.51
Fwd PE 31
P/S 8.23
P/FCF 43.03
P/OCF 25.07
P/B 15.45
P/tB 43.07
EV/EBITDA 22.63
EPS(TTM)8.97
EY2.98%
EPS(NY)9.7
Fwd EY3.23%
FCF(TTM)6.99
FCFY2.32%
OCF(TTM)11.99
OCFY3.99%
SpS36.51
BVpS19.46
TBVpS6.98
PEG (NY)4.13
PEG (5Y)1.5
Graham Number62.67
Profitability
Industry RankSector Rank
ROA 16.89%
ROE 42.43%
ROCE 28.42%
ROIC 22.63%
ROICexc 28.22%
ROICexgc 48.47%
OM 29.01%
PM (TTM) 22.62%
GM 51.26%
FCFM 19.14%
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 Turnover0.75
Health
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 2.12
Debt/EBITDA 1.06
Cap/Depr 149.43%
Cap/Sales 13.71%
Interest Coverage 18.26
Cash Conversion 86.02%
Profit Quality 84.6%
Current Ratio 2.1
Quick Ratio 1.62
Altman-Z 8.6
F-Score8
WACC7.82%
ROIC/WACC2.89
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)6.03%
EPS 3Y20.79%
EPS 5Y22.36%
EPS Q2Q%0%
EPS Next Y8.12%
EPS Next 2Y9.32%
EPS Next 3Y9.43%
EPS Next 5Y8.83%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.8%
Revenue Next Year5.86%
Revenue Next 2Y6.52%
Revenue Next 3Y6.6%
Revenue Next 5Y6.25%
EBIT growth 1Y15.08%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year47.06%
EBIT Next 3Y19.18%
EBIT Next 5Y14.86%
FCF growth 1Y78.79%
FCF growth 3Y19.78%
FCF growth 5Y9.32%
OCF growth 1Y43.5%
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 8.12% in the next year.