Ferrari N.V.

$ 307.50 -1.87 %

Ferrari N.V., established in Maranello, Italy, in 1947, operates as a prestigious automotive company focused on the design, engineering, manufacturing, and global sales of high-performance luxury sports vehicles. Its diverse product range features standard sports cars, Grand Tourers (GTs), special edition series, highly exclusive limited-production hypercars, unique one-off bespoke models, track-only vehicles, and the retro-inspired Icona series. Additionally, Ferrari produces racing cars, critical spare parts, and engines, alongside offering comprehensive after-sales support including repair, maintenance, and restoration services for its vehicles. Beyond its core automotive business, the company leverages its renowned Ferrari brand through licensing arrangements with various luxury and lifestyle product manufacturers. It also holds stakes in and operates significant theme parks: Ferrari World in Abu Dhabi, UAE, and Ferrari Land Portaventura in Europe. To facilitate vehicle acquisition, Ferrari offers both direct and indirect financing and leasing options to its retail clientele and dealership network. Further expanding its portfolio, the company manages several racetracks and maintains two dedicated museums located in Maranello and Modena, Italy. It also develops and markets its own collection of apparel and accessories via its exclusive monobrand stores. As of December 31, 2021, Ferrari's retail presence included 30 branded stores worldwide (16 company-owned and 14 franchised), supported by an authorized dealer network spanning 172 dealers across 191 global sales points, complemented by its official e-commerce platform at store.ferrari.com.

CEO: Benedetto Vigna - https://www.ferrari.com

Price objectif

-

Recommandation

Buy

DCF

$ 287.05

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RACE.MI vs S&P500

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Quick ratio

1.89

suggests a healthy liquidity position, showing that the company can likely meet its short-term obligations.

P/E ratio

34.24

is considered reasonable, suggesting that the company has a valuation in line with its current profits.

EPS

8.98

is the net profit of a company divided by the number of outstanding shares, indicating the profit earned per share.

ROE

41.89 %

is generally considered excellent, indicating that the company is generating strong profits with its equity.

ROIC

18.26 %

generates a return higher than the cost of its capital, thereby creating value for its investors.

WACC

6.85

is a company's average cost of capital, weighted by the proportion of debt and equity in its financing. It represents the minimum return the company must generate to satisfy its investors.

Debt-to-Equity Ratio

0.72

indicates that the company uses more equity than debt, suggesting prudent management.

Free cash flow per share

9.16

is a measure of a company's financial flexibility that is determined by dividing free cash flow by the total number of shares outstanding.

Dividend payout ratio

33.12 %

indicates that the company is retaining a large portion of its profits to reinvest in growth

Earnings per share

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Financials

Piotroski score
6 indicates moderate financial health
Altman score
7.55 indicates good financial health and low risk of bankruptcy
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Cash / Debt

Cash Ratio
0.84 indicates that the company has a moderate ability to cover its short-term debts with its cash
Debt Ratio
0.29 indicates that the company uses little debt to finance its assets, suggesting good financial stability
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Free Cash Flow

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Earnings Per Share (annual)

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Sales

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