FERRARI NV (RACE) Stock Fundamental Analysis

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

334.76 USD
-4.57 (-1.35%)
At close: Feb 5, 2026
329.35 USD
-5.41 (-1.62%)
Pre-Market: 2/6/2026, 7:32:14 AM
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. Both the health and profitability get an excellent rating, making RACE a very profitable company, without any liquidiy or solvency issues. RACE is not valued too expensively and it also shows a decent growth rate. These ratings could make RACE a good candidate for quality investing.


Dividend Valuation Growth Profitability Health

9

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.
  • 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 500M 1B 1.5B

1.2 Ratios

  • RACE has a Return On Assets of 16.52%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
  • RACE has a Return On Equity of 45.01%. This is amongst the best in the industry. RACE outperforms 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 5.26%.
  • The 3 year average ROIC (19.26%) for RACE is below the current ROIC(22.10%), indicating increased profibility in the last year.
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

  • RACE has a Profit Margin of 22.91%. This is amongst the best in the industry. RACE outperforms 100.00% 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 100.00% of the companies in the same industry.
  • RACE's Operating Margin has improved in the last couple of years.
  • RACE has a Gross Margin of 51.20%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
  • 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

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), RACE is creating value.
  • The number of shares outstanding for RACE has been reduced compared to 1 year ago.
  • Compared to 5 years ago, RACE has less shares outstanding
  • 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

  • An Altman-Z score of 7.63 indicates that RACE is not in any danger for bankruptcy at the moment.
  • RACE's Altman-Z score of 7.63 is amongst the best of the industry. RACE outperforms 100.00% 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's Debt to FCF ratio of 2.32 is amongst the best of 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.
  • RACE has a Debt to Equity ratio (0.89) which is comparable to the rest of the 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 7.63
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

  • A Current Ratio of 2.08 indicates that RACE has no problem at all paying its short term obligations.
  • RACE's Current ratio of 2.08 is fine compared to the rest of the industry. RACE outperforms 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 has a Quick ratio of 1.61. This is in the better half 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

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

  • The Earnings Per Share is expected to grow by 9.04% on average over the next years. This is quite good.
  • Based on estimates for the next years, RACE will show a small growth in Revenue. The Revenue will grow by 7.12% on average per year.
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.
  • 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 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

  • RACE is valuated quite expensively with a Price/Earnings ratio of 31.64.
  • Based on the Price/Earnings ratio, RACE is valued a bit cheaper than the industry average as 77.14% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of RACE to the average of the S&P500 Index (27.67), we can say RACE is valued inline with the index average.
  • RACE is valuated quite expensively with a Price/Forward Earnings ratio of 29.26.
  • 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.
  • When comparing the Price/Forward Earnings ratio of RACE to the average of the S&P500 Index (27.20), we can say RACE is valued inline with the index average.
Industry RankSector Rank
PE 31.64
Fwd PE 29.26
RACE Price Earnings VS Forward Price EarningsRACE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

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 82.86% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 40.49
EV/EBITDA 21.2
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)4.37
PEG (5Y)1.77
EPS Next 2Y7.07%
EPS Next 3Y8.21%

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

5

5. Dividend

5.1 Amount

  • RACE has a Yearly Dividend Yield of 1.05%.
  • RACE's Dividend Yield is a higher than the industry average which is at 0.86.
  • Compared to an average S&P500 Dividend Yield of 1.82, RACE's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.05%

5.2 History

  • The dividend of RACE is nicely growing with an annual growth rate of 18.29%!
  • 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)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

  • 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 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

NYSE:RACE (2/5/2026, 8:04:00 PM)

Premarket: 329.35 -5.41 (-1.62%)

334.76

-4.57 (-1.35%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)11-04
Earnings (Next)02-10
Inst Owners45.22%
Inst Owner Change-1.83%
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap64.92B
Revenue(TTM)6.68B
Net Income(TTM)1.59B
Analysts74.17
Price Target452.78 (35.26%)
Short Float %3.18%
Short Ratio6.31
Dividend
Industry RankSector Rank
Dividend Yield 1.05%
Yearly Dividend2.16
Dividend Growth(5Y)18.29%
DP32.88%
Div Incr Years4
Div Non Decr Years4
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)-5.3%
PT rev (3m)-8.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.32%
EPS NY rev (3m)0.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.12%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.47%
Valuation
Industry RankSector Rank
PE 31.64
Fwd PE 29.26
P/S 7.91
P/FCF 40.49
P/OCF 23.43
P/B 15.54
P/tB 48.14
EV/EBITDA 21.2
EPS(TTM)10.58
EY3.16%
EPS(NY)11.44
Fwd EY3.42%
FCF(TTM)8.27
FCFY2.47%
OCF(TTM)14.29
OCFY4.27%
SpS42.33
BVpS21.55
TBVpS6.95
PEG (NY)4.37
PEG (5Y)1.77
Graham Number71.62
Profitability
Industry RankSector 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 RankSector 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 7.63
F-Score8
WACC7.9%
ROIC/WACC2.8
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)12.97%
EPS 3Y23.51%
EPS 5Y17.92%
EPS Q2Q%2.88%
EPS Next Y7.24%
EPS Next 2Y7.07%
EPS Next 3Y8.21%
EPS Next 5Y9.04%
Revenue 1Y (TTM)11.83%
Revenue growth 3Y16.06%
Revenue growth 5Y12.13%
Sales Q2Q%7.42%
Revenue Next Year7.83%
Revenue Next 2Y6.9%
Revenue Next 3Y7.05%
Revenue Next 5Y7.12%
EBIT growth 1Y15.89%
EBIT growth 3Y20.71%
EBIT growth 5Y15.51%
EBIT Next Year47.32%
EBIT Next 3Y18.94%
EBIT Next 5Y15.09%
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 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.