FERRARI NV (RACE.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:RACE • NL0011585146
280.8 EUR
-2.3 (-0.81%)
Last: Jan 30, 2026, 07:00 PM
RACE gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 32 industry peers in the Automobiles industry. RACE gets an excellent profitability rating and is at the same time showing great financial health properties. 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
- RACE had positive earnings in the past year.
- RACE had a positive operating cash flow in the past year.
- 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 96.88% of the companies in the same industry.
- The Return On Equity of RACE (45.01%) is better than 100.00% of its industry peers.
- RACE's Return On Invested Capital of 22.10% is amongst the best of 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 6.07%.
- 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.
- With an excellent Operating Margin value of 29.02%, RACE belongs to the best of the industry, outperforming 96.88% of the companies in the same industry.
- 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 96.88% 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
- With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), RACE 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.
- Compared to 1 year ago, RACE has a worse debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 7.62 indicates that RACE is not in any danger for bankruptcy at the moment.
- The Altman-Z score of RACE (7.62) is better than 96.88% 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.
- With an excellent Debt to FCF ratio value of 2.32, RACE belongs to the best of the industry, outperforming 90.63% of the companies in the same industry.
- 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 62.50% 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 | 7.62 |
ROIC/WACC2.82
WACC7.85%
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 90.63% 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 has a better Quick ratio (1.61) than 87.50% 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 12.97%, which is quite good.
- The Earnings Per Share has been growing by 17.92% on average over the past years. This is quite good.
- Looking at the last year, RACE shows a quite strong growth in Revenue. The Revenue has grown by 11.83% in the last year.
- The Revenue has been growing by 12.13% on average over the past years. This is quite good.
EPS 1Y (TTM)12.97%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%2.88%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%7.42%
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 9.04% on average per year.
- RACE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.12% yearly.
EPS Next Y7.24%
EPS Next 2Y7.07%
EPS Next 3Y8.21%
EPS Next 5Y9.04%
Revenue Next Year7.83%
Revenue Next 2Y6.9%
Revenue Next 3Y7.05%
Revenue Next 5Y7.12%
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
- Based on the Price/Earnings ratio of 31.30, the valuation of RACE can be described as expensive.
- RACE's Price/Earnings is on the same level as the industry average.
- When comparing the Price/Earnings ratio of RACE to the average of the S&P500 Index (28.30), we can say RACE is valued inline with the index average.
- A Price/Forward Earnings ratio of 28.95 indicates a quite expensive valuation of RACE.
- 68.75% of the companies in the same industry are cheaper than RACE, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of RACE to the average of the S&P500 Index (25.57), we can say RACE is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.3 | ||
| Fwd PE | 28.95 |
4.2 Price Multiples
- 68.75% of the companies in the same industry are cheaper than RACE, based on the Enterprise Value to EBITDA ratio.
- RACE's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.07 | ||
| EV/EBITDA | 21.15 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The excellent profitability rating of RACE may justify a higher PE ratio.
PEG (NY)4.33
PEG (5Y)1.75
EPS Next 2Y7.07%
EPS Next 3Y8.21%
5. Dividend
5.1 Amount
- RACE has a Yearly Dividend Yield of 1.04%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 3.74, RACE is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.82, RACE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.04% |
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
- RACE pays out 32.88% of its income as dividend. This is a sustainable payout ratio.
- RACE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP32.88%
EPS Next 2Y7.07%
EPS Next 3Y8.21%
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 7.24% in the next year.