FERRARI NV (RACE) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:RACE • NL0011585146

333.17 USD
-5.28 (-1.56%)
At close: Jan 30, 2026
332.163 USD
-1.01 (-0.3%)
After Hours: 1/30/2026, 8:14:48 PM
Fundamental Rating

7

Overall RACE gets a fundamental rating of 7 out of 10. We evaluated RACE against 35 industry peers in the Automobiles industry. RACE gets an excellent profitability rating and is at the same time showing great financial health properties. RACE has a correct valuation and a medium growth rate. This makes RACE very considerable for quality investing!


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • RACE had positive earnings in the past year.
  • 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.
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 500M 1B 1.5B

1.2 Ratios

  • The Return On Assets of RACE (16.52%) is better than 100.00% of its industry peers.
  • RACE's Return On Equity of 45.01% is amongst the best of the industry. RACE outperforms 100.00% of its industry peers.
  • The Return On Invested Capital of RACE (22.10%) is better 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 5.26%.
  • 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 RankSector 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%
RACE Yearly ROA, ROE, ROICRACE 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 22.91%, 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.
  • RACE has a Operating Margin of 29.02%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
  • 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 100.00% of the companies in the same industry.
  • RACE's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
RACE Yearly Profit, Operating, Gross MarginsRACE 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. 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.
  • RACE has less shares outstanding than it did 1 year ago.
  • 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.
RACE Yearly Shares OutstandingRACE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2B 4B 6B 8B

2.2 Solvency

  • RACE has an Altman-Z score of 7.55. This indicates that RACE is financially healthy and has little risk of bankruptcy at the moment.
  • RACE's Altman-Z score of 7.55 is amongst the best of the industry. RACE outperforms 100.00% 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.
  • RACE has a Debt to FCF ratio of 2.32. This is amongst the best in the industry. RACE outperforms 94.29% of its industry peers.
  • A Debt/Equity ratio of 0.89 indicates that RACE is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.89, RACE is in line with its industry, outperforming 42.86% of the companies in the same industry.
  • 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 RankSector Rank
Debt/Equity 0.89
Debt/FCF 2.32
Altman-Z 7.55
ROIC/WACC2.8
WACC7.9%
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 1B 2B 3B

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 has a better Current ratio (2.08) than 80.00% 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's Quick ratio of 1.61 is fine compared to the rest of the industry. RACE outperforms 80.00% of its industry peers.
Industry RankSector Rank
Current Ratio 2.08
Quick Ratio 1.61
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 1B 2B 3B 4B 5B

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5

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.
  • RACE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.92% yearly.
  • The Revenue has grown by 11.83% in the past year. This is quite good.
  • 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)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

  • The Earnings Per Share is expected to grow by 9.04% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 7.12% on average over the next years.
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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5 10 15

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5

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 31.17, which means the current valuation is very expensive for RACE.
  • RACE's Price/Earnings ratio is a bit cheaper when compared to the industry. RACE is cheaper than 77.14% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.32. RACE is around the same levels.
  • Based on the Price/Forward Earnings ratio of 28.82, the valuation of RACE can be described as expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of RACE indicates a somewhat cheap valuation: RACE is cheaper than 71.43% of the companies listed in the same industry.
  • RACE is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 31.17
Fwd PE 28.82
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

  • 74.29% of the companies in the same industry are more expensive than RACE, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, RACE is valued cheaper than 82.86% of the companies in the same industry.
Industry RankSector Rank
P/FCF 39.88
EV/EBITDA 20.89
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 an expensive valuation of the company.
  • RACE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.31
PEG (5Y)1.74
EPS Next 2Y7.07%
EPS Next 3Y8.21%

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5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.05%, RACE has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 0.86, RACE pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.83, RACE's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.05%

5.2 History

  • On average, the dividend of RACE grows each year by 18.29%, which is quite nice.
  • RACE has been paying a dividend for at least 10 years, so it has a reliable track record.
  • RACE has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)18.29%
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 0.5 1 1.5 2 2.5

5.3 Sustainability

  • RACE pays out 32.88% 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.
DP32.88%
EPS Next 2Y7.07%
EPS Next 3Y8.21%
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 500M 1B 1.5B
RACE Dividend Payout.RACE Dividend Payout, showing the Payout Ratio.RACE Dividend Payout.PayoutRetained Earnings

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FERRARI NV / RACE 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 5 / 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 8 / 10.


What is the earnings growth outlook for FERRARI NV?

The Earnings per Share (EPS) of FERRARI NV (RACE) is expected to grow by 7.24% in the next year.