FERRARI NV (RACE.MI) Stock Fundamental Analysis
Europe - BIT:RACE - NL0011585146 - Common Stock
360 EUR
-1.5 (-0.41%)
Overall RACE gets a fundamental rating of 6 out of 10. We evaluated RACE against 31 industry peers in the Automobiles industry. RACE scores excellent points on both the profitability and health parts. This is a solid base for a good stock. 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.
RACE had positive earnings in each of the past 5 years.
Each year in the past 5 years RACE had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 16.52%, RACE belongs to the top of the industry, outperforming 96.77% of the companies in the same industry.
With an excellent Return On Equity value of 45.01%, RACE belongs to the best of the industry, outperforming 96.77% of the companies in the same industry.
The Return On Invested Capital of RACE (22.10%) is better than 96.77% 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 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
With an excellent Profit Margin value of 22.91%, RACE belongs to the best of the industry, outperforming 96.77% of the companies in the same industry.
In the last couple of years the Profit Margin of RACE has grown nicely.
The Operating Margin of RACE (29.02%) is better than 93.55% of its industry peers.
RACE's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 51.20%, RACE belongs to the best of the industry, outperforming 93.55% of the companies in the same industry.
RACE's Gross Margin has been stable in the last couple of years.
| 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 9.11 indicates that RACE is not in any danger for bankruptcy at the moment.
RACE has a better Altman-Z score (9.11) than 96.77% of its industry peers.
RACE has a debt to FCF ratio of 2.32. This is a good value and a sign of high solvency as RACE would need 2.32 years to pay back of all of its debts.
RACE has a better Debt to FCF ratio (2.32) than 87.10% of its industry peers.
A Debt/Equity ratio of 0.89 indicates that RACE is somewhat dependend on debt financing.
The Debt to Equity ratio of RACE (0.89) is worse than 67.74% 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 | 9.11 |
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.
Looking at the Current ratio, with a value of 2.08, RACE belongs to the top of the industry, outperforming 90.32% of the companies in the same industry.
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.
The Quick ratio of RACE (1.61) is better than 87.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.08 | ||
| Quick Ratio | 1.61 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.43% over the past year.
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.
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)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
Based on estimates for the next years, RACE will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.35% on average per year.
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
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 39.96, RACE can be considered very expensive at the moment.
RACE's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 25.89. RACE is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 35.25 indicates a quite expensive valuation of RACE.
RACE's Price/Forward Earnings 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.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, RACE is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.96 | ||
| Fwd PE | 35.25 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RACE indicates a slightly more expensive valuation: RACE is more expensive than 70.97% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as RACE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.37 | ||
| EV/EBITDA | 26.84 |
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)5.55
PEG (5Y)2.23
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
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.
The dividend of RACE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP32.88%
EPS Next 2Y9.88%
EPS Next 3Y9.62%
BIT:RACE (11/14/2025, 7:00:00 PM)
360
-1.5 (-0.41%)
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 Cap69.81B
Revenue(TTM)6.68B
Net Income(TTM)1.59B
Analysts76.52
Price Target424.44 (17.9%)
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 | 39.96 | ||
| Fwd PE | 35.25 | ||
| P/S | 10.03 | ||
| P/FCF | 51.37 | ||
| P/OCF | 29.73 | ||
| P/B | 19.71 | ||
| P/tB | 61.08 | ||
| EV/EBITDA | 26.84 |
EPS(TTM)9.01
EY2.5%
EPS(NY)10.21
Fwd EY2.84%
FCF(TTM)7.01
FCFY1.95%
OCF(TTM)12.11
OCFY3.36%
SpS35.88
BVpS18.26
TBVpS5.89
PEG (NY)5.55
PEG (5Y)2.23
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 | 9.11 |
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 39.96 and the Price/Book (PB) ratio is 19.71.
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%.