Annonce • May 06
Ferrari N.V. Confirms Earnings Guidance for the Full Year of 2026 Ferrari N.V. confirmed earnings guidance for the full year of 2026. For the year, the company confirmed net revenue guidance of EUR ~7.50 billion. Reported Earnings • May 06
First quarter 2026 earnings released: EPS: €2.33 (vs €2.30 in 1Q 2025) First quarter 2026 results: EPS: €2.33 (up from €2.30 in 1Q 2025). Revenue: €1.85b (up 3.2% from 1Q 2025). Net income: €413.0m (flat on 1Q 2025). Profit margin: 22% (in line with 1Q 2025). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • May 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. Independent Non-Executive Director Tommaso Ghidini was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 13
Upcoming dividend of €3.62 per share Eligible shareholders must have bought the stock before 20 April 2026. Payment date: 05 May 2026. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.2%). Declared Dividend • Feb 25
Dividend increased to €3.62 Dividend of €3.62 is 21% higher than last year. Ex-date: 20th April 2026 Payment date: 5th May 2026 Dividend yield will be 1.1%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Feb 20
Ferrari N.V. Recommends Dividend, Payable on May 5, 2026 Ferrari N.V. intended to recommend to the Company’s shareholders a dividend distribution to the holders of common shares of EUR 3.615 per common share, with an increase of approximately 21% compared to the prior year and corresponding to a total distribution of approximately EUR 640 million. The distribution will be subject to its approval by the Annual General Meeting of Shareholders which is scheduled to be held on April 15, 2026. If shareholders approve the proposed dividend distribution, the ex-date is expected to be April 20, 2026 on EXM and April 21, 2026 on NYSE, the record date April 21, 2026 on both EXM and NYSE and the payment date May 5, 2026. Reported Earnings • Feb 11
Full year 2025 earnings released: EPS: €8.97 (vs €8.47 in FY 2024) Full year 2025 results: EPS: €8.97 (up from €8.47 in FY 2024). Revenue: €7.15b (up 7.0% from FY 2024). Net income: €1.60b (up 5.1% from FY 2024). Profit margin: 22% (in line with FY 2024). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annonce • Feb 10
Ferrari N.V. Provides Earnings Guidance for the Full Year of 2026 Ferrari N.V. provided earnings guidance for the full year of 2026. For the year, the company guidance targeting EUR 7.50 billion revenues. Annonce • Jan 16
Ferrari N.V., Annual General Meeting, Apr 15, 2026 Ferrari N.V., Annual General Meeting, Apr 15, 2026. Annonce • Jan 08
Ferrari N.V. to Report Q4, 2025 Results on Feb 10, 2026 Ferrari N.V. announced that they will report Q4, 2025 results on Feb 10, 2026 Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: €2.14 (vs €2.08 in 3Q 2024) Third quarter 2025 results: EPS: €2.14 (up from €2.08 in 3Q 2024). Revenue: €1.77b (up 7.4% from 3Q 2024). Net income: €382.0m (up 2.1% from 3Q 2024). Profit margin: 22% (down from 23% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 20% per year. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €356, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 8x in the Auto industry in Germany. Total returns to shareholders of 94% over the past three years. Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: €2.38 (vs €2.29 in 2Q 2024) Second quarter 2025 results: EPS: €2.38 (up from €2.29 in 2Q 2024). Revenue: €1.79b (up 4.4% from 2Q 2024). Net income: €424.0m (up 2.9% from 2Q 2024). Profit margin: 24% (in line with 2Q 2024). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year and the company’s share price has also increased by 22% per year. Reported Earnings • May 06
First quarter 2025 earnings released: EPS: €2.30 (vs €1.95 in 1Q 2024) First quarter 2025 results: EPS: €2.30 (up from €1.95 in 1Q 2024). Revenue: €1.79b (up 13% from 1Q 2024). Net income: €411.6m (up 17% from 1Q 2024). Profit margin: 23% (in line with 1Q 2024). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 06
Ferrari N.V. Provides Earnings Guidance for the Full Year of 2025 Ferrari N.V. provided earnings guidance for the full year of 2025. For the year, the company expects net revenues to be greater than €7.0 billion. Upcoming Dividend • Apr 15
Upcoming dividend of €2.99 per share Eligible shareholders must have bought the stock before 22 April 2025. Payment date: 06 May 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (6.9%). Annonce • Mar 28
Ferrari N.V. Confirms Its Financial Targets for 2025 Ferrari N.V. announced it will update its commercial policy, based on the preliminary information currently available regarding the introduction of import tariffs on EU cars into the USA. On such basis, the company confirmed its financial targets for 2025, with a potential risk of 50 basis points reduction on profitability percentage margins (EBIT and EBITDA margins). Recent Insider Transactions • Mar 19
Executive Chairman recently sold €1.6m worth of stock On the 13th of March, John Elkann sold around 4k shares on-market at roughly €414 per share. This transaction amounted to 10.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Annonce • Feb 28
Ferrari N.V. has filed a Follow-on Equity Offering. Ferrari N.V. has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 7,000,000 Annonce • Feb 27
Ferrari N.V. has completed a Follow-on Equity Offering in the amount of $3.1476 billion. Ferrari N.V. has completed a Follow-on Equity Offering in the amount of $3.1476 billion.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 6,666,667
Price\Range: $472.14
Discount Per Security: $2.36 Declared Dividend • Feb 26
Dividend increased to €2.99 Dividend of €2.99 is 22% higher than last year. Ex-date: 22nd April 2025 Payment date: 24th April 2025 Dividend yield will be 0.6%, which is lower than the industry average of 6.1%. Payout Ratios Payout ratio: 35%. Cash payout ratio: 57%. Annonce • Feb 21
Ferrari N.V. Recommends Dividend Distribution, Payable on May 6, 2025 Ferrari N.V. announced that its Board of Directors intends to recommend to the Company’s shareholders a dividend distribution to the holders of common shares of EUR 2.986 per common share, with an increase of approximately 22% compared to the prior year and corresponding to a total distribution of approximately EUR 534 million. The distribution will be subject to its approval by the Annual General Meeting of Shareholders which is scheduled to be held on April 16, 2025. If shareholders approve the proposed dividend distribution, the ex-date is expected to be April 22, 2025 on EXM and April 23, 2025 on NYSE, the record date April 23, 2025 on both EXM and NYSE and the payment date May 6, 2025. Reported Earnings • Feb 04
Full year 2024 earnings released: EPS: €8.47 (vs €6.91 in FY 2023) Full year 2024 results: EPS: €8.47 (up from €6.91 in FY 2023). Revenue: €6.68b (up 12% from FY 2023). Net income: €1.53b (up 22% from FY 2023). Profit margin: 23% (up from 21% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 04
Ferrari N.V. Provides Earnings Guidance for the Year 2025 Ferrari N.V. provided earnings guidance for the year 2025. For the year, the company expects net revenues of more than EUR 7.0 billion. Annonce • Jan 28
Hot Wheels and Ferrari Team Up for the First Time in 10 Years to Release a Full Range of Die-Cast Cars and Collectibles Mattel, Inc. announced a new Hot Wheels®? partnership with Ferrari, the legendary luxury car manufacturer, to develop a full range of Hot Wheels products. As the first time in more than 10 years that Hot Wheels products will beadadadorned with the iconic Prancing Horse, the collection will deliver a wide range of Ferrari classics and the newest and most technologically advanced models, including celebrated racing and road cars. The first product drop of the collaboration will take place this spring, with the first die-cast available for pre-order on Mattel Creations. Additional announcements and product drops will follow throughout 2025 and beyond. Since Hot Wheels was founded in 1968, the two iconic brands have collaborated many times with 26 previous models. Several of these Ferrari castings have become highly sought after by collectors. The new product line will expand on the previous die-cast collection and will include limited-edition models available through Mattel Creations, RC models and 1:64 scale die-casts available wherever Hot Wheels are sold globally. Annonce • Jan 20
Ferrari N.V., Annual General Meeting, Apr 16, 2025 Ferrari N.V., Annual General Meeting, Apr 16, 2025. Annonce • Jan 19
Ferrari N.V. to Report Q4, 2024 Results on Feb 04, 2025 Ferrari N.V. announced that they will report Q4, 2024 results on Feb 04, 2025 Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: €2.08 (vs €1.82 in 3Q 2023) Third quarter 2024 results: EPS: €2.08 (up from €1.82 in 3Q 2023). Revenue: €1.64b (up 6.5% from 3Q 2023). Net income: €375.0m (up 14% from 3Q 2023). Profit margin: 23% (up from 21% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year. Board Change • Oct 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Non Executive Director Mike Volpi was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 05
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 53% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: €2.30 (vs €1.84 in 2Q 2023) Second quarter 2024 results: EPS: €2.30 (up from €1.84 in 2Q 2023). Revenue: €1.71b (up 16% from 2Q 2023). Net income: €413.0m (up 24% from 2Q 2023). Profit margin: 24% (up from 23% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: €1.95 (vs €1.63 in 1Q 2023) First quarter 2024 results: EPS: €1.95 (up from €1.63 in 1Q 2023). Revenue: €1.58b (up 11% from 1Q 2023). Net income: €351.4m (up 19% from 1Q 2023). Profit margin: 22% (up from 21% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 08
Ferrari N.V. Provides Earnings Guidance for the Full Year of 2024 Ferrari N.V. provided earnings guidance for the full year of 2024. For the year, the company expects net revenues of €6.4 billion. Annonce • Apr 17
Ferrari N.V. Approves Cash Dividend, Payable on May 3, 2024 The Shareholders of Ferrari N.V., at its AGM, held on April 17, 2024, approved a dividend in cash of EUR 2.443 per outstanding common share, totalling approximately EUR 440 million. The outstanding common shares will be quoted ex-dividend from April 22, 2024. The record date for the dividend will be April 23, 2024 on both EXM and NYSE and the dividend on the outstanding common shares will be paid on May 3, 2024. Shareholders holding the Company’s common shares on the record date that are traded on the NYSE will receive the dividend in U.S. dollars at the official European Central Bank EUR/USD exchange rate of April 17, 2024. Upcoming Dividend • Apr 15
Upcoming dividend of €2.44 per share Eligible shareholders must have bought the stock before 22 April 2024. Payment date: 03 May 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.4%). Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. CEO & Executive Director Benedetto Vigna was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Feb 28
Dividend increased to €2.44 Dividend of €2.44 is 35% higher than last year. Ex-date: 22nd April 2024 Payment date: 3rd May 2024 Dividend yield will be 0.6%, which is lower than the industry average of 6.1%. Payout Ratios Payout ratio: 35%. Cash payout ratio: 52%. Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: €6.91 (vs €5.10 in FY 2022) Full year 2023 results: EPS: €6.91 (up from €5.10 in FY 2022). Revenue: €5.97b (up 17% from FY 2022). Net income: €1.25b (up 34% from FY 2022). Profit margin: 21% (up from 18% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €354, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 6x in the Auto industry in Germany. Total returns to shareholders of 113% over the past three years. Annonce • Jan 19
Ferrari N.V. to Report Q4, 2023 Results on Feb 01, 2024 Ferrari N.V. announced that they will report Q4, 2023 results on Feb 01, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: €1.82 (vs €1.24 in 3Q 2022) Third quarter 2023 results: EPS: €1.82 (up from €1.24 in 3Q 2022). Revenue: €1.54b (up 24% from 3Q 2022). Net income: €332.0m (up 47% from 3Q 2022). Profit margin: 22% (up from 18% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 20% per year. Annonce • Aug 04
Ferrari N.V. Revises Earnings Guidance for the Full Year of 2023 Ferrari N.V. revised earnings guidance for the full year of 2023. For the year, the company raises Net revenues of €5.8 billion against previously expected €5.7 billion. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: €1.84 (vs €1.36 in 2Q 2022) Second quarter 2023 results: EPS: €1.84 (up from €1.36 in 2Q 2022). Revenue: €1.47b (up 14% from 2Q 2022). Net income: €333.2m (up 34% from 2Q 2022). Profit margin: 23% (up from 19% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 23% per year. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: €1.63 (vs €1.30 in 1Q 2022) First quarter 2023 results: EPS: €1.63 (up from €1.30 in 1Q 2022). Revenue: €1.43b (up 21% from 1Q 2022). Net income: €295.5m (up 24% from 1Q 2022). Profit margin: 21% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 23% per year. Upcoming Dividend • Apr 17
Upcoming dividend of €1.81 per share at 0.7% yield Eligible shareholders must have bought the stock before 24 April 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.2%). Recent Insider Transactions • Mar 23
CEO & Executive Director recently sold €368k worth of stock On the 15th of March, Benedetto Vigna sold around 2k shares on-market at roughly €244 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Benedetto has been a net seller over the last 12 months, reducing personal holdings by €1.1m. Annonce • Feb 08
Ferrari N.V. Appoints Lorenzo Giorgetti as Chief Racing Revenue Officer Ferrari N.V. announced that Lorenzo Giorgetti joins Ferrari as Chief Racing Revenue Officer, reporting to CEO Benedetto Vigna. Giorgetti has extensive experience in delivering consistent commercial growth of prestigious sports properties for the benefit of the sponsors and Ferrari. Most recently Giorgetti was Chief Commercial Officer at AC Milan and played a significant role in the club's marketing and commercial relaunch. Prior to this, he led the commercial management of RCS Media Group's sports division for a decade, and is currently a board member of the Global Esports Federation. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: €5.10 (vs €4.50 in FY 2021) Full year 2022 results: EPS: €5.10 (up from €4.50 in FY 2021). Revenue: €5.10b (up 19% from FY 2021). Net income: €933.0m (up 12% from FY 2021). Profit margin: 18% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. Annonce • Jan 21
Ferrari N.V. to Report Q4, 2022 Results on Feb 02, 2023 Ferrari N.V. announced that they will report Q4, 2022 results on Feb 02, 2023 Recent Insider Transactions • Dec 08
CEO & Executive Director recently sold €726k worth of stock On the 2nd of December, Benedetto Vigna sold around 3k shares on-market at roughly €216 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Benedetto's only on-market trade for the last 12 months. Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: €1.24 (vs €1.12 in 3Q 2021) Third quarter 2022 results: EPS: €1.24 (up from €1.12 in 3Q 2021). Revenue: €1.25b (up 19% from 3Q 2021). Net income: €225.8m (up 9.7% from 3Q 2021). Profit margin: 18% (down from 20% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: €1.36 (vs €1.11 in 2Q 2021) Second quarter 2022 results: EPS: €1.36 (up from €1.11 in 2Q 2021). Revenue: €1.29b (up 25% from 2Q 2021). Net income: €249.0m (up 21% from 2Q 2021). Profit margin: 19% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 9.7%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • May 05
First quarter 2022 earnings released: EPS: €1.30 (vs €1.11 in 1Q 2021) First quarter 2022 results: EPS: €1.30 (up from €1.11 in 1Q 2021). Revenue: €1.19b (up 17% from 1Q 2021). Net income: €238.0m (up 16% from 1Q 2021). Profit margin: 20% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 9.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 12
Upcoming dividend of €1.36 per share Eligible shareholders must have bought the stock before 19 April 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (6.2%). Reported Earnings • Feb 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €4.51 (up from €3.29 in FY 2020). Revenue: €4.27b (up 23% from FY 2020). Net income: €831.0m (up 37% from FY 2020). Profit margin: 20% (up from 18% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 12% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS €1.12 (vs €0.92 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: €1.05b (up 19% from 3Q 2020). Net income: €205.8m (up 21% from 3Q 2020). Profit margin: 20% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS €1.12 (vs €0.048 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.04b (up 81% from 2Q 2020). Net income: €206.0m (up €197.1m from 2Q 2020). Profit margin: 20% (up from 1.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 12
Upcoming dividend of €0.87 per share Eligible shareholders must have bought the stock before 19 April 2021. Payment date: 05 May 2021. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.0%). Reported Earnings • Mar 02
Full year 2020 earnings released: EPS €3.29 (vs €3.73 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €3.46b (down 8.1% from FY 2019). Net income: €607.8m (down 13% from FY 2019). Profit margin: 18% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 02
Revenue beats expectations Revenue exceeded analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 24%, compared to a 28% growth forecast for the Auto industry in Germany. Is New 90 Day High Low • Feb 19
New 90-day low: €165 The company is down 8.0% from its price of €178 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €44.31 per share. Executive Departure • Feb 17
Non- Executive Director has left the company On the 13th of February, Roberto Cingolani's tenure as Non- Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Roberto's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 05
Full year 2020 earnings released: EPS €3.29 (vs €3.73 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €3.46b (down 8.1% from FY 2019). Net income: €608.0m (down 13% from FY 2019). Profit margin: 18% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 05
Revenue beats expectations Revenue exceeded analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 24%, compared to a 24% growth forecast for the Auto industry in Germany. Is New 90 Day High Low • Feb 04
New 90-day low: €165 The company is down 5.0% from its price of €174 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €64.46 per share. Is New 90 Day High Low • Dec 16
New 90-day high: €182 The company is up 13% from its price of €161 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €53.44 per share. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS €0.92 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €888.0m (down 3.0% from 3Q 2019). Net income: €170.8m (up 1.7% from 3Q 2019). Profit margin: 19% (up from 18% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue misses expectations Revenue missed analyst estimates by 0.7%. Over the next year, revenue is forecast to grow 22%, compared to a 5.0% growth forecast for the Auto industry in Germany.