FERRARI NV (RACE) Fundamental Analysis & Valuation

NYSE:RACE • NL0011585146

Current stock price

321.51 USD
-0.51 (-0.16%)
Last:

This RACE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. RACE Profitability Analysis

1.1 Basic Checks

  • RACE had positive earnings in the past year.
  • In the past year RACE had a positive cash flow from operations.
  • In the past 5 years RACE has always been profitable.
  • RACE had a positive operating cash flow in each of the past 5 years.
RACE Yearly Net Income VS EBIT VS OCF VS FCFRACE 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 2025 500M 1B 1.5B 2B

1.2 Ratios

  • The Return On Assets of RACE (16.59%) is better than 100.00% of its industry peers.
  • With an excellent Return On Equity value of 40.87%, RACE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 22.35%, RACE belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for RACE is significantly above the industry average of 5.29%.
  • The last Return On Invested Capital (22.35%) for RACE is above the 3 year average (21.13%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 16.59%
ROE 40.87%
ROIC 22.35%
ROA(3y)16.05%
ROA(5y)14.45%
ROE(3y)41.61%
ROE(5y)39.69%
ROIC(3y)21.13%
ROIC(5y)19.15%
RACE Yearly ROA, ROE, ROICRACE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80 100

1.3 Margins

  • The Profit Margin of RACE (22.35%) is better than 100.00% of its industry peers.
  • In the last couple of years the Profit Margin of RACE has grown nicely.
  • With an excellent Operating Margin value of 29.35%, RACE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of RACE has grown nicely.
  • RACE has a better Gross Margin (51.68%) than 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 RankSector Rank
OM 29.35%
PM (TTM) 22.35%
GM 51.68%
OM growth 3Y6.98%
OM growth 5Y7.37%
PM growth 3Y6.88%
PM growth 5Y4.93%
GM growth 3Y2.48%
GM growth 5Y0.16%
RACE Yearly Profit, Operating, Gross MarginsRACE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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9

2. RACE Health Analysis

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
  • Compared to 5 years ago, RACE has less shares outstanding
  • RACE has a better debt/assets ratio than last year.
RACE Yearly Shares OutstandingRACE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
RACE Yearly Total Debt VS Total AssetsRACE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 8.00 indicates that RACE is not in any danger for bankruptcy at the moment.
  • RACE has a Altman-Z score of 8.00. This is amongst the best in the industry. RACE outperforms 97.14% of its industry peers.
  • RACE has a debt to FCF ratio of 2.05. This is a good value and a sign of high solvency as RACE would need 2.05 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 2.05, RACE belongs to the best of the industry, outperforming 94.29% of the companies in the same industry.
  • A Debt/Equity ratio of 0.74 indicates that RACE is somewhat dependend on debt financing.
  • RACE has a Debt to Equity ratio (0.74) which is in line with its industry peers.
  • Although RACE's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. 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 RankSector Rank
Debt/Equity 0.74
Debt/FCF 2.05
Altman-Z 8
ROIC/WACC2.87
WACC7.8%
RACE Yearly LT Debt VS Equity VS FCFRACE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.3 Liquidity

  • RACE has a Current Ratio of 2.19. This indicates that RACE is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of RACE (2.19) is better than 85.71% of its industry peers.
  • RACE has a Quick Ratio of 1.69. This is a normal value and indicates that RACE is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.69, RACE is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.19
Quick Ratio 1.69
RACE Yearly Current Assets VS Current LiabilitesRACE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. RACE 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.
  • Looking at the last year, RACE shows a small growth in Revenue. The Revenue has grown by 7.03% in the last year.
  • Measured over the past years, RACE shows a quite strong growth in Revenue. The Revenue has been growing by 15.61% on average per year.
EPS 1Y (TTM)6.03%
EPS 3Y20.79%
EPS 5Y22.36%
EPS Q2Q%0%
Revenue 1Y (TTM)7.03%
Revenue growth 3Y11.93%
Revenue growth 5Y15.61%
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 8.79% on average per year.
  • RACE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.14% yearly.
EPS Next Y8.89%
EPS Next 2Y9.63%
EPS Next 3Y8.7%
EPS Next 5Y8.79%
Revenue Next Year5.98%
Revenue Next 2Y6.69%
Revenue Next 3Y6.56%
Revenue Next 5Y6.14%

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.
RACE Yearly Revenue VS EstimatesRACE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
RACE Yearly EPS VS EstimatesRACE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15

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4

4. RACE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 30.97, the valuation of RACE can be described as expensive.
  • Based on the Price/Earnings ratio, RACE is valued a bit cheaper than 77.14% of the companies in the same industry.
  • RACE's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 25.50.
  • RACE is valuated quite expensively with a Price/Forward Earnings ratio of 28.44.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of RACE indicates a somewhat cheap valuation: RACE is cheaper than 74.29% of the companies listed in the same industry.
  • RACE's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.67.
Industry RankSector Rank
PE 30.97
Fwd PE 28.44
RACE Price Earnings VS Forward Price EarningsRACE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, RACE is valued a bit cheaper than 74.29% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, RACE is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 38.32
EV/EBITDA 20.07
RACE Per share dataRACE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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)3.48
PEG (5Y)1.39
EPS Next 2Y9.63%
EPS Next 3Y8.7%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. RACE Dividend Analysis

5.1 Amount

  • RACE has a Yearly Dividend Yield of 1.09%.
  • RACE's Dividend Yield is a higher than the industry average which is at 1.08.
  • With a Dividend Yield of 1.09, RACE pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.09%

5.2 History

  • On average, the dividend of RACE grows each year by 21.56%, which is quite nice.
  • RACE has paid a dividend for at least 10 years, which is a reliable track record.
  • RACE has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)21.56%
Div Incr Years4
Div Non Decr Years4
RACE Yearly Dividends per shareRACE Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • RACE pays out 33.17% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of RACE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP33.17%
EPS Next 2Y9.63%
EPS Next 3Y8.7%
RACE Yearly Income VS Free CF VS DividendRACE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
RACE Dividend Payout.RACE Dividend Payout, showing the Payout Ratio.RACE Dividend Payout.PayoutRetained Earnings

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RACE Fundamentals: All Metrics, Ratios and Statistics

FERRARI NV

NYSE:RACE (3/25/2026, 1:58:30 PM)

321.51

-0.51 (-0.16%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)02-10
Earnings (Next)05-05
Inst Owners43.25%
Inst Owner Change-2.55%
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap62.35B
Revenue(TTM)7.15B
Net Income(TTM)1.60B
Analysts75.56
Price Target452.04 (40.6%)
Short Float %3.07%
Short Ratio5.17
Dividend
Industry RankSector Rank
Dividend Yield 1.09%
Yearly Dividend2.57
Dividend Growth(5Y)21.56%
DP33.17%
Div Incr Years4
Div Non Decr Years4
Ex-Date04-20
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.6%
Min EPS beat(2)1.23%
Max EPS beat(2)1.97%
EPS beat(4)2
Avg EPS beat(4)-0.08%
Min EPS beat(4)-1.9%
Max EPS beat(4)1.97%
EPS beat(8)6
Avg EPS beat(8)3.12%
EPS beat(12)10
Avg EPS beat(12)4.35%
EPS beat(16)13
Avg EPS beat(16)3.76%
Revenue beat(2)1
Avg Revenue beat(2)0.65%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)1.96%
Revenue beat(4)1
Avg Revenue beat(4)-1.01%
Min Revenue beat(4)-4.23%
Max Revenue beat(4)1.96%
Revenue beat(8)3
Avg Revenue beat(8)-0.01%
Revenue beat(12)5
Avg Revenue beat(12)0.06%
Revenue beat(16)8
Avg Revenue beat(16)0.98%
PT rev (1m)-0.02%
PT rev (3m)-7.21%
EPS NQ rev (1m)-0.16%
EPS NQ rev (3m)-17.99%
EPS NY rev (1m)0.71%
EPS NY rev (3m)-3.46%
Revenue NQ rev (1m)1.52%
Revenue NQ rev (3m)-6.78%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)-1.8%
Valuation
Industry RankSector Rank
PE 30.97
Fwd PE 28.44
P/S 7.54
P/FCF 38.32
P/OCF 22.93
P/B 13.79
P/tB 36.32
EV/EBITDA 20.07
EPS(TTM)10.38
EY3.23%
EPS(NY)11.3
Fwd EY3.52%
FCF(TTM)8.39
FCFY2.61%
OCF(TTM)14.02
OCFY4.36%
SpS42.64
BVpS23.31
TBVpS8.85
PEG (NY)3.48
PEG (5Y)1.39
Graham Number73.79
Profitability
Industry RankSector Rank
ROA 16.59%
ROE 40.87%
ROCE 28.24%
ROIC 22.35%
ROICexc 27.88%
ROICexgc 47.01%
OM 29.35%
PM (TTM) 22.35%
GM 51.68%
FCFM 19.68%
ROA(3y)16.05%
ROA(5y)14.45%
ROE(3y)41.61%
ROE(5y)39.69%
ROIC(3y)21.13%
ROIC(5y)19.15%
ROICexc(3y)26.62%
ROICexc(5y)24.54%
ROICexgc(3y)46.02%
ROICexgc(5y)43.96%
ROCE(3y)26.7%
ROCE(5y)24.19%
ROICexgc growth 3Y5.49%
ROICexgc growth 5Y8.03%
ROICexc growth 3Y9.13%
ROICexc growth 5Y11.79%
OM growth 3Y6.98%
OM growth 5Y7.37%
PM growth 3Y6.88%
PM growth 5Y4.93%
GM growth 3Y2.48%
GM growth 5Y0.16%
F-Score8
Asset Turnover0.74
Health
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 2.05
Debt/EBITDA 1.05
Cap/Depr 142.49%
Cap/Sales 13.2%
Interest Coverage 16.61
Cash Conversion 85.15%
Profit Quality 88.05%
Current Ratio 2.19
Quick Ratio 1.69
Altman-Z 8
F-Score8
WACC7.8%
ROIC/WACC2.87
Cap/Depr(3y)140.68%
Cap/Depr(5y)146.2%
Cap/Sales(3y)14.19%
Cap/Sales(5y)15.12%
Profit Quality(3y)72.45%
Profit Quality(5y)69.45%
High Growth Momentum
Growth
EPS 1Y (TTM)6.03%
EPS 3Y20.79%
EPS 5Y22.36%
EPS Q2Q%0%
EPS Next Y8.89%
EPS Next 2Y9.63%
EPS Next 3Y8.7%
EPS Next 5Y8.79%
Revenue 1Y (TTM)7.03%
Revenue growth 3Y11.93%
Revenue growth 5Y15.61%
Sales Q2Q%3.8%
Revenue Next Year5.98%
Revenue Next 2Y6.69%
Revenue Next 3Y6.56%
Revenue Next 5Y6.14%
EBIT growth 1Y11.58%
EBIT growth 3Y19.75%
EBIT growth 5Y24.13%
EBIT Next Year41.25%
EBIT Next 3Y17.9%
EBIT Next 5Y13.3%
FCF growth 1Y49.99%
FCF growth 3Y32.92%
FCF growth 5Y61.19%
OCF growth 1Y21.94%
OCF growth 3Y18.74%
OCF growth 5Y22.89%

FERRARI NV / RACE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FERRARI NV?

ChartMill assigns a fundamental rating of 7 / 10 to RACE.


What is the valuation status for RACE stock?

ChartMill assigns a valuation rating of 4 / 10 to FERRARI NV (RACE). This can be considered as Fairly Valued.


Can you provide the profitability details for FERRARI NV?

FERRARI NV (RACE) has a profitability rating of 9 / 10.


Can you provide the financial health for RACE stock?

The financial health rating of FERRARI NV (RACE) is 9 / 10.


What is the earnings growth outlook for FERRARI NV?

The Earnings per Share (EPS) of FERRARI NV (RACE) is expected to grow by 8.89% in the next year.