Ferrari N.V. (NYSE:RACE)

Ferrari N.V. RACE

Consumer Cyclical - Auto - Manufacturers - NYSE - IT

Watchlist

$ 430.99

-2.13 %

$ 105 B

Market Cap

51.49

P/E

1. INTRINSIC VALUE

Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hyper cars; one-off and track cars; and Icona cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars. In addition, the company licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods; Ferrari World, a theme park in Abu Dhabi, the United Arab Emirates; and Ferrari Land Portaventura, a theme park in Europe. Further, it provides direct or indirect finance and leasing services to retail clients and dealers; manages racetracks, as well as owns and manages two museums in Maranello and Modena, Italy; and develops and sells a line of apparel and accessories through its monobrand stores.[ Read More ]

The intrinsic value of one RACE stock under the base case scenario is HIDDEN Compared to the current market price of 431 USD, Ferrari N.V. is HIDDEN

RACE Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart RACE

FINANCIALS

Annual
Quarterly

5.97 B REVENUE

Growth Rates

1Year 17.17%

3Years 19.94%

5Years 11.79%

7Years 9.79%

10Years 9.84%

1.62 B OPERATING INCOME

Growth Rates

1Year 31.28%

3Years 31.13%

5Years 14.36%

7Years 14.77%

10Years 16.02%

1.26 B NET INCOME

Growth Rates

1Year 6.77%

3Years 23.53%

5Years 9.39%

7Years 12.04%

10Years 13.12%

1.72 B OPERATING CASH FLOW

Growth Rates

1Year 22.33%

3Years 26.99%

5Years 12.94%

7Years 7.94%

10Years 14.22%

-866 M INVESTING CASH FLOW

Growth Rates

1Year -7.58%

3Years -6.96%

5Years -6.35%

7Years -15.27%

10Years -12.48%

-1.11 B FINANCING CASH FLOW

Growth Rates

1Year -100.41%

3Years -62.18%

5Years -48.80%

7Years -15.24%

10Years -21.11%

1.64 B REVENUE

Growth Rates

1Year 17.17%

3Years 19.94%

5Years 11.79%

7Years 9.79%

10Years 9.84%

467 M OPERATING INCOME

Growth Rates

1Year 31.28%

3Years 31.13%

5Years 14.36%

7Years 14.77%

10Years 16.02%

375 M NET INCOME

Growth Rates

1Year 6.77%

3Years 23.53%

5Years 9.39%

7Years 12.04%

10Years 13.12%

611 M OPERATING CASH FLOW

Growth Rates

1Year 22.33%

3Years 26.99%

5Years 12.94%

7Years 7.94%

10Years 14.22%

-249 M INVESTING CASH FLOW

Growth Rates

1Year -7.58%

3Years -6.96%

5Years -6.35%

7Years -15.27%

10Years -12.48%

-163 M FINANCING CASH FLOW

Growth Rates

1Year -100.41%

3Years -62.18%

5Years -48.80%

7Years -15.24%

10Years -21.11%

Balance Sheet Decomposition Ferrari N.V.

8.05 B ASSETS
4.98 B LIABILITIES

Current Assets	3.99 B
Cash & Short-Term Investments	1.14 B
Receivables	261 M
Other Current Assets	2.58 B
Non-Current Assets	4.07 B
Long-Term Investments	67.7 M
PP&E	1.58 B
Other Non-Current Assets	2.42 B

Current Liabilities	2.28 B
Accounts Payable	931 M
Short-Term Debt	741 M
Other Current Liabilities	609 M
Non-Current Liabilities	2.7 B
Long-Term Debt	1.74 B
Other Non-Current Liabilities	964 M

EFFICIENCY

Earnings Waterfall Ferrari N.V.

Revenue	5.97 B
Cost Of Revenue	3 B
Gross Profit	2.97 B
Operating Expenses	1.34 B
Operating Income	1.62 B
Other Expenses	360 M
Net Income	1.26 B

RATIOS

49.82% GROSS MARGIN

Averages

1Year 49.82%

3Years 49.70%

5Years 50.49%

7Years 50.95%

10Years 49.88%

27.09% OPERATING MARGIN

Averages

1Year 27.09%

3Years 25.52%

5Years 24.34%

7Years 24.10%

10Years 21.89%

20.97% NET MARGIN

Averages

1Year 20.97%

3Years 19.58%

5Years 18.95%

7Years 19.05%

10Years 16.58%

40.90% ROE

Averages

1Year 40.90%

3Years 38.18%

5Years 39.11%

7Years 46.07%

10Years -68.99%

15.55% ROA

Averages

1Year 15.55%

3Years 13.22%

5Years 12.43%

7Years 13.04%

10Years 11.47%

23.22% ROIC

Averages

1Year 23.22%

3Years 21.94%

5Years 21.55%

7Years 22.88%

10Years 21.66%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Ferrari N.V.

Net Income	1.26 B
Depreciation & Amortization	662 M
Capital Expenditures	-869 M
Stock-Based Compensation	29.9 M
Change in Working Capital	-358 M
Others	-278 M
Free Cash Flow	848 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Ferrari N.V.

Wall Street analysts predict an average 1-year price target for RACE of $462 , with forecasts ranging from a low of $400 to a high of $565 .

RACE Lowest Price Target Wall Street Target

400 USD -7.19%

RACE Average Price Target Wall Street Target

462 USD 7.27%

RACE Highest Price Target Wall Street Target

565 USD 31.09%

4. DIVIDEND ANALYSIS

0.03% DIVIDEND YIELD

2.6 USD DIVIDEND PER SHARE

5. COMPETITION

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47.6 USD

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Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and sports utility vehicles.

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RIVN

Overvalued 234.47%

Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems.

0 USD

LCID

Overvalued 100.00%

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XPEV

Overvalued 100.00%

6. Ownership

Insider Ownership Ferrari N.V.

Summary
Transactions

Sold

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

0 USD 0

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price

7. News

Capitalize On Rising Global Inequality With Ferrari Stock Ownership Ferrari's exclusivity and strong brand, bolstered by its Formula 1 success, drive high demand and pricing power, ensuring robust revenue and operating leverage. Despite a recent 10% stock dip, Ferrari's Q3 2024 results showed impressive EBITDA and FCF growth, where conservative management guidance is often exceeded. Ferrari's unique low-volume, high-margin strategy, extensive customizations, and strong client relationships ensure recurring revenue and profitability without needing high production increases. seekingalpha.com - 5 days ago

FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM Maranello (Italy), November 11, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Fifth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows: globenewswire.com - 6 days ago

MEXC Launches Ferrari Giveaway Event With 10 Million USDT Prize Pool SINGAPORE, Nov. 11, 2024 (GLOBE NEWSWIRE) -- MEXC, a globally recognized cryptocurrency exchange, has unveiled its “Ferrari Giveaway” event, inviting users worldwide to register and participate for a chance to win prizes from a 10,000,000 USDT pool. Registration opens on November 11, 2024, at 07:00 (UTC), with the event running from November 17 to December 17, 2024. Participants can compete for multi-million dollar prizes, including the grand prize of a Ferrari SF90 Stradale. globenewswire.com - 6 days ago

Phoenix Capital Group CEO Adam Ferrari Announces Continued Production Growth in the Williston Basin Denver, Colorado, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Phoenix Capital Group CEO Adam Ferrari recently shared significant milestones from the company's Williston Basin drilling operations in North Dakota's Bakken Formation. After releasing impressive production numbers from the company's Nate Pad in early October, Ferrari announced the successful completion of five 3-mile horizontal wells on both the Daniele and Axel Ferrari pads. Phoenix is now managing 37 gross operated wells, with 32 currently in production, marking the rise of the 5-year-old company as a top producer in the basin. globenewswire.com - 1 week ago

Adam Ferrari and Phoenix Capital Group Sponsor STEM and Mental Health Initiatives with West Point Society of North Texas DALLAS, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Adam Ferrari, CEO of Phoenix Capital Group , announced a $2,000 sponsorship in collaboration with The West Point Society of North Texas to advance STEM education and mental health resources within the region. This sponsorship reflects Ferrari's dedication to supporting impactful community programs that align with Phoenix Capital Group's mission of giving back through education and well-being initiatives. globenewswire.com - 1 week ago

Ferrari N.V. (RACE) Q3 2024 Earnings Call Transcript Ferrari N.V. (NYSE:RACE ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Nicoletta Russo - Head of Investor Relations Benedetto Vigna - Chief Executive Officer Antonio Picca Piccon - Chief Financial Officer Conference Call Participants Thomas Besson - Kepler Cheuvreux John Murphy - Bank of America Merrill Lynch George Galliers - Goldman Sachs Adam Jonas - Morgan Stanley Monica Bosio - Intesa SanPaolo Michael Binetti - Evercore Tom Narayan - RBC Henning Cosman - Barclays Stephen Reitman - Bernstein Anthony Dick - ODDO BHF Michael Tyndall - HSBC Daniel Schwarz - Stifel Operator Good day and thank you for standing by. seekingalpha.com - 1 week ago

Ferrari Q3 Earnings: Lower Shipments Is Great News Ferrari's Q3 report shows a deliberate 2.2% decrease in shipments, while revenues increased by 6.5% and EPS rose by 14.3% to EUR 2.08. The company's strategy focuses on exclusivity and high-margin personalization, with a significant order book extending into 2026 and the sold-out F80 model. Ferrari's 2024 guidance is conservative, with expected revenues above EUR 6.55B and industrial FCF potentially reaching EUR 1B, setting up a strong FY2025. seekingalpha.com - 1 week ago

Ferrari (RACE) Q3 Earnings and Revenues Beat Estimates Ferrari (RACE) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $2.11 per share. This compares to earnings of $1.98 per share a year ago. zacks.com - 1 week ago

Ferrari reverses from all-time high as investors take profits Ferrari (NYSE:RACE) shares went into reverse on Tuesday, having hit an all-time high two months ago as the sportscar manufacturer reported a decline in shipments but backed its full-year outlook. The Italian group posted third-quarter results showing net revenues of €1.6 billion, up 6.5%, with total shipments down 2.2% to 3,383. proactiveinvestors.com - 1 week ago

Ferrari reiterates guidance as China deliveries fall sharply Ferrari on Tuesday reiterated guidance that it had increased earlier in the year as the sports-car maker said shipments fell sharply in China. marketwatch.com - 1 week ago

Ferrari Stock Is Falling After Earnings Met Wall Street's Expectations The sports car manufacturer is less dependent on the Chinese market than other sellers of luxury goods. barrons.com - 1 week ago

Ferrari's core profit rose 7% in Q3 supported by product mix, personalisations Ferrari said on Tuesday its core earnings rose 7% in the third quarter, despite a slight decrease in vehicle shipments, as the luxury sports car maker continued to benefit from a richer product offer and increased demand for personalisation. reuters.com - 1 week ago

8. Profile Summary

Ferrari N.V. RACE

COUNTRY IT

INDUSTRY Auto - Manufacturers

MARKET CAP $ 105 B

Dividend Yield 0.03%

Description Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hyper cars; one-off and track cars; and Icona cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars. In addition, the company licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods; Ferrari World, a theme park in Abu Dhabi, the United Arab Emirates; and Ferrari Land Portaventura, a theme park in Europe. Further, it provides direct or indirect finance and leasing services to retail clients and dealers; manages racetracks, as well as owns and manages two museums in Maranello and Modena, Italy; and develops and sells a line of apparel and accessories through its monobrand stores. As of December 31, 2021, it had a total of 30 retail Ferrari stores, including 14 franchised stores and 16 owned stores. The company also sells its products through a network of 172 authorized dealers operating 191 points of sale worldwide, as well as through its website, store.ferrari.com. Ferrari N.V. was founded in 1947 and is headquartered in Maranello, Italy.

Contact Via Abetone Inferiore n. 4, Maranello, MO, 41053 https://www.ferrari.com

IPO Date Oct. 21, 2015

Employees 5290

Officers Mr. Michele Antoniazzi Chief Human Resources Officer Mr. Carlo Daneo General Counsel Mr. Benedetto Vigna Chief Executive Officer & Executive Director Mr. John Jacob Philip Elkann Executive Chairman Mr. Marco Lovati Chief Internal Audit, Risk and Compliance Officer Mr. Antonio Picca Piccon Chief Financial Officer Mr. Davide Abate Chief Technologies & Infrastructures Officer Ms. Nicoletta Russo Head of Investor Relations Ms. Francesca Montini Chief Communications Officer Mr. Enrico Galliera Chief Marketing & Commercial Officer

Price Chart RACE

Ferrari N.V. RACE

Premium Plan

Unlimited Plan