FERRARI NV (RACE) Stock Fundamental Analysis
NYSE:RACE - New York Stock Exchange, Inc. - NL0011585146 - Common Stock
Taking everything into account, RACE scores 7 out of 10 in our fundamental rating. RACE was compared to 42 industry peers in the Automobiles industry. RACE has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. RACE is not valued too expensively and it also shows a decent growth rate. These ratings would make RACE suitable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year RACE was profitable.
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.
1.2 Ratios
RACE has a better Return On Assets (15.92%) than 97.50% of its industry peers.
RACE has a better Return On Equity (42.89%) than 97.50% of its industry peers.
Looking at the Return On Invested Capital, with a value of 20.40%, RACE belongs to the top of the industry, outperforming 97.50% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for RACE is significantly above the industry average of 9.39%.
The last Return On Invested Capital (20.40%) for RACE is above the 3 year average (17.80%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.92% | ||
| ROE | 42.89% | ||
| ROIC | 20.4% |
ROA(3y)13.22%
ROA(5y)12.43%
ROE(3y)38.18%
ROE(5y)39.11%
ROIC(3y)17.8%
ROIC(5y)16.63%
1.3 Margins
RACE has a Profit Margin of 22.14%. This is amongst the best in the industry. RACE outperforms 100.00% of its industry peers.
RACE's Profit Margin has declined in the last couple of years.
RACE has a Operating Margin of 27.61%. 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.
RACE has a Gross Margin of 49.80%. This is amongst the best in the industry. RACE outperforms 97.50% of its industry peers.
RACE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.61% | ||
| PM (TTM) | 22.14% | ||
| GM | 49.8% |
OM growth 3Y9.48%
OM growth 5Y2.26%
PM growth 3Y6.08%
PM growth 5Y-1.78%
GM growth 3Y-0.95%
GM growth 5Y-1.08%
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.
The number of shares outstanding for RACE has been reduced compared to 1 year ago.
The number of shares outstanding for RACE has been reduced compared to 5 years ago.
Compared to 1 year ago, RACE has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 10.92 indicates that RACE is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 10.92, RACE belongs to the best of the industry, outperforming 95.00% of the companies in the same industry.
The Debt to FCF ratio of RACE is 3.32, which is a good value as it means it would take RACE, 3.32 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of RACE (3.32) is better than 90.00% of its industry peers.
RACE has a Debt/Equity ratio of 0.93. This is a neutral value indicating RACE is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.93, RACE is doing worse than 67.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 3.32 | ||
| Altman-Z | 10.92 |
ROIC/WACC2.62
WACC7.79%
2.3 Liquidity
A Current Ratio of 2.23 indicates that RACE has no problem at all paying its short term obligations.
RACE's Current ratio of 2.23 is fine compared to the rest of the industry. RACE outperforms 77.50% of its industry peers.
A Quick Ratio of 1.74 indicates that RACE should not have too much problems paying its short term obligations.
RACE's Quick ratio of 1.74 is amongst the best of the industry. RACE outperforms 82.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.23 | ||
| Quick Ratio | 1.74 |
3. Growth
3.1 Past
RACE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.53%, which is quite impressive.
RACE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.24% yearly.
The Revenue has grown by 11.18% in the past year. This is quite good.
RACE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.79% yearly.
EPS 1Y (TTM)22.53%
EPS 3Y28.2%
EPS 5Y15.24%
EPS Q2Q%14.29%
Revenue 1Y (TTM)11.18%
Revenue growth 3Y19.94%
Revenue growth 5Y11.79%
Sales Q2Q%6.48%
3.2 Future
RACE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.57% yearly.
RACE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.71% yearly.
EPS Next Y20.4%
EPS Next 2Y15.17%
EPS Next 3Y14.1%
EPS Next 5Y13.57%
Revenue Next Year10.7%
Revenue Next 2Y9.21%
Revenue Next 3Y9.23%
Revenue Next 5Y8.71%
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 stable.
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
A Price/Earnings ratio of 53.75 indicates a quite expensive valuation of RACE.
Compared to the rest of the industry, the Price/Earnings ratio of RACE indicates a somewhat cheap valuation: RACE is cheaper than 72.50% of the companies listed in the same industry.
RACE's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.29.
Based on the Price/Forward Earnings ratio of 46.69, the valuation of RACE can be described as expensive.
Based on the Price/Forward Earnings ratio, RACE is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 24.44. RACE is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.75 | ||
| Fwd PE | 46.69 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RACE is valued a bit cheaper than 72.50% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, RACE is valued cheaper than 85.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 88.85 | ||
| EV/EBITDA | 33.89 |
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.
A more expensive valuation may be justified as RACE's earnings are expected to grow with 14.10% in the coming years.
PEG (NY)2.63
PEG (5Y)3.53
EPS Next 2Y15.17%
EPS Next 3Y14.1%
5. Dividend
5.1 Amount
With a yearly dividend of 0.58%, RACE is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.90, RACE pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.58, RACE pays less dividend than the S&P500 average, which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.58% |
5.2 History
The dividend of RACE is nicely growing with an annual growth rate of 19.85%!
RACE has been paying a dividend for over 5 years, so it has already some track record.
RACE has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)19.85%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
RACE pays out 30.70% 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.
DP30.7%
EPS Next 2Y15.17%
EPS Next 3Y14.1%
FERRARI NV
NYSE:RACE (1/21/2025, 6:40:00 PM)
After market: 440.23 0 (0%)440.23
+4.36 (+1%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners37.14%
Inst Owner Change-1.8%
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap85.37B
Analysts72.73
Price Target463.03 (5.18%)
Short Float %1.05%
Short Ratio4.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.58% |
Yearly Dividend1.34
Dividend Growth(5Y)19.85%
DP30.7%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.66%
Min EPS beat(2)3.51%
Max EPS beat(2)7.81%
EPS beat(4)4
Avg EPS beat(4)4.82%
Min EPS beat(4)2.16%
Max EPS beat(4)7.81%
EPS beat(8)7
Avg EPS beat(8)5.03%
EPS beat(12)11
Avg EPS beat(12)4.79%
EPS beat(16)14
Avg EPS beat(16)6.39%
Revenue beat(2)1
Avg Revenue beat(2)1.32%
Min Revenue beat(2)-1.38%
Max Revenue beat(2)4.01%
Revenue beat(4)1
Avg Revenue beat(4)0.07%
Min Revenue beat(4)-1.45%
Max Revenue beat(4)4.01%
Revenue beat(8)4
Avg Revenue beat(8)1.31%
Revenue beat(12)6
Avg Revenue beat(12)1.26%
Revenue beat(16)6
Avg Revenue beat(16)-1.26%
PT rev (1m)-1.86%
PT rev (3m)-3.36%
EPS NQ rev (1m)-0.97%
EPS NQ rev (3m)1.29%
EPS NY rev (1m)0%
EPS NY rev (3m)0.27%
Revenue NQ rev (1m)-0.65%
Revenue NQ rev (3m)-0.82%
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)-0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.75 | ||
| Fwd PE | 46.69 | ||
| P/S | 12.8 | ||
| P/FCF | 88.85 | ||
| P/OCF | 42.24 | ||
| P/B | 24.8 | ||
| P/tB | 79.31 | ||
| EV/EBITDA | 33.89 |
EPS(TTM)8.19
EY1.86%
EPS(NY)9.43
Fwd EY2.14%
FCF(TTM)4.95
FCFY1.13%
OCF(TTM)10.42
OCFY2.37%
SpS34.39
BVpS17.75
TBVpS5.55
PEG (NY)2.63
PEG (5Y)3.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.92% | ||
| ROE | 42.89% | ||
| ROCE | 25.78% | ||
| ROIC | 20.4% | ||
| ROICexc | 26.22% | ||
| ROICexgc | 45.67% | ||
| OM | 27.61% | ||
| PM (TTM) | 22.14% | ||
| GM | 49.8% | ||
| FCFM | 14.41% |
ROA(3y)13.22%
ROA(5y)12.43%
ROE(3y)38.18%
ROE(5y)39.11%
ROIC(3y)17.8%
ROIC(5y)16.63%
ROICexc(3y)22.91%
ROICexc(5y)21.65%
ROICexgc(3y)42.89%
ROICexgc(5y)42.13%
ROCE(3y)22.5%
ROCE(5y)21.02%
ROICexcg growth 3Y13.69%
ROICexcg growth 5Y0.4%
ROICexc growth 3Y17.52%
ROICexc growth 5Y2.49%
OM growth 3Y9.48%
OM growth 5Y2.26%
PM growth 3Y6.08%
PM growth 5Y-1.78%
GM growth 3Y-0.95%
GM growth 5Y-1.08%
F-Score7
Asset Turnover0.72
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 3.32 | ||
| Debt/EBITDA | 1.26 | ||
| Cap/Depr | 151.49% | ||
| Cap/Sales | 15.9% | ||
| Interest Coverage | 25.86 | ||
| Cash Conversion | 79.54% | ||
| Profit Quality | 65.08% | ||
| Current Ratio | 2.23 | ||
| Quick Ratio | 1.74 | ||
| Altman-Z | 10.92 |
F-Score7
WACC7.79%
ROIC/WACC2.62
Cap/Depr(3y)146.72%
Cap/Depr(5y)161.37%
Cap/Sales(3y)15.87%
Cap/Sales(5y)17.37%
Profit Quality(3y)65.86%
Profit Quality(5y)61.03%
High Growth Momentum
Growth
EPS 1Y (TTM)22.53%
EPS 3Y28.2%
EPS 5Y15.24%
EPS Q2Q%14.29%
EPS Next Y20.4%
EPS Next 2Y15.17%
EPS Next 3Y14.1%
EPS Next 5Y13.57%
Revenue 1Y (TTM)11.18%
Revenue growth 3Y19.94%
Revenue growth 5Y11.79%
Sales Q2Q%6.48%
Revenue Next Year10.7%
Revenue Next 2Y9.21%
Revenue Next 3Y9.23%
Revenue Next 5Y8.71%
EBIT growth 1Y16%
EBIT growth 3Y31.32%
EBIT growth 5Y14.32%
EBIT Next Year56.38%
EBIT Next 3Y24.62%
EBIT Next 5Y18.89%
FCF growth 1Y54.85%
FCF growth 3Y87.2%
FCF growth 5Y23.45%
OCF growth 1Y47.56%
OCF growth 3Y26.99%
OCF growth 5Y12.94%