FERRARI NV (RACE.MI) Stock Fundamental Analysis
Europe - BIT:RACE - NL0011585146 - Common Stock
337.6 EUR
-0.9 (-0.27%)
RACE gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 30 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 quite expensive at the moment. It does show a decent growth rate. These ratings could make RACE a good candidate 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.
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
The Return On Assets of RACE (16.52%) is better than 93.33% of its industry peers.
The Return On Equity of RACE (45.01%) is better than 96.67% of its industry peers.
RACE's Return On Invested Capital of 22.10% is amongst the best of the industry. RACE outperforms 96.67% 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 6.98%.
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
RACE has a Profit Margin of 22.91%. This is amongst the best in the industry. RACE outperforms 96.67% of its industry peers.
In the last couple of years the Profit Margin of RACE has grown nicely.
Looking at the Operating Margin, with a value of 29.02%, RACE belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
RACE's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 51.20%, RACE belongs to the top of the industry, outperforming 93.33% 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 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.
Compared to 1 year ago, RACE has less shares outstanding
RACE has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, RACE has a worse debt to assets ratio.
2.2 Solvency
RACE has an Altman-Z score of 8.67. This indicates that RACE is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 8.67, RACE belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
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 86.67% 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 of 0.89. This is in the lower half of the industry: RACE underperforms 66.67% of its industry peers.
Although RACE does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 2.32 | ||
| Altman-Z | 8.67 |
ROIC/WACC2.79
WACC7.91%
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 86.67% of its industry peers.
RACE has a Quick Ratio of 1.61. This is a normal value and indicates that RACE is financially healthy and should not expect problems in meeting its short term obligations.
RACE has a Quick ratio of 1.61. This is amongst the best in the industry. RACE outperforms 83.33% 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.
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)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
RACE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.35% yearly.
The Revenue is expected to grow by 6.41% on average over the next years.
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
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
A Price/Earnings ratio of 37.47 indicates a quite expensive valuation of RACE.
RACE's Price/Earnings ratio is in line with the industry average.
RACE is valuated rather expensively when we compare the Price/Earnings ratio to 25.07, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 33.05 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 70.00% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 34.08. RACE is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.47 | ||
| Fwd PE | 33.05 |
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 70.00% 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 | 48.17 | ||
| EV/EBITDA | 25.17 |
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)5.21
PEG (5Y)2.09
EPS Next 2Y9.88%
EPS Next 3Y9.62%
5. Dividend
5.1 Amount
With a yearly dividend of 0.83%, RACE is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.98, RACE is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.44, RACE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.83% |
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
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 (11/20/2025, 7:00:00 PM)
337.6
-0.9 (-0.27%)
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 Cap65.47B
Revenue(TTM)6.68B
Net Income(TTM)1.59B
Analysts76.52
Price Target424.44 (25.72%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.83% |
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)-8.91%
EPS NQ rev (1m)-0.89%
EPS NQ rev (3m)-3.58%
EPS NY rev (1m)0.25%
EPS NY rev (3m)-0.89%
Revenue NQ rev (1m)0.58%
Revenue NQ rev (3m)-1.59%
Revenue NY rev (1m)0.36%
Revenue NY rev (3m)-0.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.47 | ||
| Fwd PE | 33.05 | ||
| P/S | 9.41 | ||
| P/FCF | 48.17 | ||
| P/OCF | 27.88 | ||
| P/B | 18.48 | ||
| P/tB | 57.28 | ||
| EV/EBITDA | 25.17 |
EPS(TTM)9.01
EY2.67%
EPS(NY)10.21
Fwd EY3.03%
FCF(TTM)7.01
FCFY2.08%
OCF(TTM)12.11
OCFY3.59%
SpS35.88
BVpS18.26
TBVpS5.89
PEG (NY)5.21
PEG (5Y)2.09
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 | 8.67 |
F-Score8
WACC7.91%
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 37.47 and the Price/Book (PB) ratio is 18.48.
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%.