View ValuationFerrari 향후 성장Future 기준 점검 2/6Ferrari (는) 각각 연간 6.9% 및 5.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 7.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 38.9% 로 예상됩니다.핵심 정보6.9%이익 성장률7.77%EPS 성장률Auto 이익 성장18.4%매출 성장률5.9%향후 자기자본이익률38.94%애널리스트 커버리지Good마지막 업데이트22 May 2026최근 향후 성장 업데이트공시 • May 06Ferrari N.V. Confirms Earnings Guidance for the Full Year of 2026Ferrari 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.공시 • Feb 10Ferrari N.V. Provides Earnings Guidance for the Full Year of 2026Ferrari N.V. provided earnings guidance for the full year of 2026. For the year, the company guidance targeting EUR 7.50 billion revenues.공시 • May 06Ferrari N.V. Provides Earnings Guidance for the Full Year of 2025Ferrari 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.공시 • Mar 28Ferrari N.V. Confirms Its Financial Targets for 2025Ferrari 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).공시 • Feb 04Ferrari N.V. Provides Earnings Guidance for the Year 2025Ferrari N.V. provided earnings guidance for the year 2025. For the year, the company expects net revenues of more than EUR 7.0 billion.공시 • May 08Ferrari N.V. Provides Earnings Guidance for the Full Year of 2024Ferrari N.V. provided earnings guidance for the full year of 2024. For the year, the company expects net revenues of €6.4 billion.모든 업데이트 보기Recent updates공시 • May 06Ferrari N.V. Confirms Earnings Guidance for the Full Year of 2026Ferrari 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 06First 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 02Insufficient new directorsThere 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 13Upcoming dividend of €3.62 per shareEligible 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 25Dividend increased to €3.62Dividend 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.공시 • Feb 20Ferrari N.V. Recommends Dividend, Payable on May 5, 2026Ferrari 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 11Full 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.공시 • Feb 10Ferrari N.V. Provides Earnings Guidance for the Full Year of 2026Ferrari N.V. provided earnings guidance for the full year of 2026. For the year, the company guidance targeting EUR 7.50 billion revenues.공시 • Jan 16Ferrari N.V., Annual General Meeting, Apr 15, 2026Ferrari N.V., Annual General Meeting, Apr 15, 2026.공시 • Jan 15+ 2 more updatesFerrari N.V. to Report Q1, 2026 Results on May 05, 2026Ferrari N.V. announced that they will report Q1, 2026 results on May 05, 2026공시 • Jan 08Ferrari N.V. to Report Q4, 2025 Results on Feb 10, 2026Ferrari N.V. announced that they will report Q4, 2025 results on Feb 10, 2026Reported Earnings • Nov 05Third 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.공시 • Oct 10+ 2 more updatesFerrari N.V. (BIT:RACE) announces an Equity Buyback for €3,500 million worth of its shares.Ferrari N.V. (NYSE:RACE) ) announces a share repurchase program. Under the program, the company will repurchase up to €3,500 million worth of its shares.Valuation Update With 7 Day Price Move • Oct 09Investor 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 01Second 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 06First 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.공시 • May 06Ferrari N.V. Provides Earnings Guidance for the Full Year of 2025Ferrari 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.공시 • Apr 16+ 1 more updateFerrari N.V. Appoints Tommaso Ghidini as Non-Executive DirectorFerrari N.V. announced the appointment of Tommaso Ghidini as non-executive director, at the AGM held on April 16, 2025.Upcoming Dividend • Apr 15Upcoming dividend of €2.99 per shareEligible 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%).공시 • Mar 28Ferrari N.V. Confirms Its Financial Targets for 2025Ferrari 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 19Executive Chairman recently sold €1.6m worth of stockOn 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.공시 • Feb 28Ferrari 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: 7,000,000공시 • Feb 27Ferrari 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: $2.36Declared Dividend • Feb 26Dividend increased to €2.99Dividend 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%.공시 • Feb 21Ferrari N.V. Recommends Dividend Distribution, Payable on May 6, 2025Ferrari 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 04Full 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.공시 • Feb 04Ferrari N.V. Provides Earnings Guidance for the Year 2025Ferrari N.V. provided earnings guidance for the year 2025. For the year, the company expects net revenues of more than EUR 7.0 billion.공시 • Jan 28Hot Wheels and Ferrari Team Up for the First Time in 10 Years to Release a Full Range of Die-Cast Cars and CollectiblesMattel, 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.공시 • Jan 20Ferrari N.V., Annual General Meeting, Apr 16, 2025Ferrari N.V., Annual General Meeting, Apr 16, 2025.공시 • Jan 19Ferrari N.V. to Report Q4, 2024 Results on Feb 04, 2025Ferrari N.V. announced that they will report Q4, 2024 results on Feb 04, 2025공시 • Jan 17+ 2 more updatesFerrari N.V. to Report Q1, 2025 Results on May 06, 2025Ferrari N.V. announced that they will report Q1, 2025 results on May 06, 2025Reported Earnings • Nov 05Third 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 01Insufficient new directorsThere 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 05New minor risk - Financial positionThe 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 02Second 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 08First 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.공시 • May 08Ferrari N.V. Provides Earnings Guidance for the Full Year of 2024Ferrari N.V. provided earnings guidance for the full year of 2024. For the year, the company expects net revenues of €6.4 billion.공시 • Apr 17Ferrari N.V. Approves Cash Dividend, Payable on May 3, 2024The 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 15Upcoming dividend of €2.44 per shareEligible 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 01Insufficient new directorsThere 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 28Dividend increased to €2.44Dividend 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 25Full 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 01Investor 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.공시 • Jan 31+ 3 more updatesFerrari N.V. to Report Q2, 2024 Results on Aug 01, 2024Ferrari N.V. announced that they will report Q2, 2024 results on Aug 01, 2024공시 • Jan 19Ferrari N.V. to Report Q4, 2023 Results on Feb 01, 2024Ferrari N.V. announced that they will report Q4, 2023 results on Feb 01, 2024Reported Earnings • Nov 02Third 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.공시 • Aug 04Ferrari N.V. Revises Earnings Guidance for the Full Year of 2023Ferrari 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 03Second 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 05First 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 17Upcoming dividend of €1.81 per share at 0.7% yieldEligible 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 23CEO & Executive Director recently sold €368k worth of stockOn 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.공시 • Feb 08Ferrari N.V. Appoints Lorenzo Giorgetti as Chief Racing Revenue OfficerFerrari 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 05Full 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.공시 • Jan 31+ 2 more updatesFerrari N.V. to Report Q1, 2023 Results on May 04, 2023Ferrari N.V. announced that they will report Q1, 2023 results on May 04, 2023공시 • Jan 21Ferrari N.V. to Report Q4, 2022 Results on Feb 02, 2023Ferrari N.V. announced that they will report Q4, 2022 results on Feb 02, 2023Recent Insider Transactions • Dec 08CEO & Executive Director recently sold €726k worth of stockOn 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 04Third 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 03Second 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 05First 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 12Upcoming dividend of €1.36 per shareEligible 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 04Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull 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 03Third 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 04Second 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 12Upcoming dividend of €0.87 per shareEligible 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 02Full 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 02Revenue beats expectationsRevenue 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 19New 90-day low: €165The 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 17Non- Executive Director has left the companyOn 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 05Full 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 05Revenue beats expectationsRevenue 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 04New 90-day low: €165The 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 16New 90-day high: €182The 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 05Third quarter 2020 earnings released: EPS €0.92The 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 05Revenue misses expectationsRevenue 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.이익 및 매출 성장 예측XTRA:2FE - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20288,6181,9711,8412,8561612/31/20278,1331,8561,6632,6272212/31/20267,5711,7141,5082,521233/31/20267,2031,5981,3942,366N/A12/31/20257,1461,5971,4062,349N/A9/30/20257,0801,6011,3552,325N/A6/30/20256,9581,5941,3592,348N/A3/31/20256,8831,5821,2512,269N/A12/31/20246,6771,5229381,927N/A9/30/20246,4651,4319311,959N/A6/30/20246,3641,3878661,849N/A3/31/20246,1261,3089141,828N/A12/31/20235,9701,2528481,717N/A9/30/20235,8151,1787581,620N/A6/30/20235,5201,0746671,523N/A3/31/20235,3389905601,384N/A12/31/20225,0959335991,403N/A9/30/20224,8999276011,328N/A6/30/20224,7039076121,328N/A3/31/20224,4468647041,421N/A12/31/20214,2718315461,283N/A9/30/20214,1688795881,338N/A6/30/20214,0028444451,165N/A3/31/20213,539647164849N/A12/31/20203,460608129838N/A9/30/20203,31951367784N/A6/30/20203,346510127832N/A3/31/20203,7596844401,185N/A12/31/20193,767696N/A1,306N/A9/30/20193,684718N/A1,264N/A6/30/20193,607837N/A1,224N/A3/31/20193,529815N/A1,109N/A12/31/20183,420785N/A934N/A9/30/20183,415730N/A774N/A6/30/20183,413584N/A769N/A3/31/20183,427559N/A731N/A12/31/20173,417535N/A663N/A9/30/20173,412511N/A946N/A6/30/20173,360483N/A964N/A3/31/20173,250445N/A1,034N/A12/31/20163,105399N/A1,005N/A9/30/20163,014342N/A740N/A6/30/20162,954323N/A608N/A3/31/20162,909301N/A756N/A12/31/20152,854288N/A707N/A9/30/20152,861313N/A665N/A6/30/20152,801275N/A580N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 2FE 의 연간 예상 수익 증가율(6.9%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: 2FE 의 연간 수익(6.9%)이 German 시장(17.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 2FE 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 2FE 의 수익(연간 5.9%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 2FE 의 수익(연간 5.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 2FE의 자본 수익률은 3년 후 38.9%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YAutomobiles 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 19:22종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Ferrari N.V.는 40명의 분석가가 다루고 있습니다. 이 중 23명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Carmen NovelBanca Akros S.p.A. (ESN)Davide ZappaBanca Akros S.p.A. (ESN)Gianmarco BonacinaBanca Akros S.p.A. (ESN)37명의 분석가 더 보기
공시 • May 06Ferrari N.V. Confirms Earnings Guidance for the Full Year of 2026Ferrari 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.
공시 • Feb 10Ferrari N.V. Provides Earnings Guidance for the Full Year of 2026Ferrari N.V. provided earnings guidance for the full year of 2026. For the year, the company guidance targeting EUR 7.50 billion revenues.
공시 • May 06Ferrari N.V. Provides Earnings Guidance for the Full Year of 2025Ferrari 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.
공시 • Mar 28Ferrari N.V. Confirms Its Financial Targets for 2025Ferrari 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).
공시 • Feb 04Ferrari N.V. Provides Earnings Guidance for the Year 2025Ferrari N.V. provided earnings guidance for the year 2025. For the year, the company expects net revenues of more than EUR 7.0 billion.
공시 • May 08Ferrari N.V. Provides Earnings Guidance for the Full Year of 2024Ferrari N.V. provided earnings guidance for the full year of 2024. For the year, the company expects net revenues of €6.4 billion.
공시 • May 06Ferrari N.V. Confirms Earnings Guidance for the Full Year of 2026Ferrari 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 06First 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 02Insufficient new directorsThere 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 13Upcoming dividend of €3.62 per shareEligible 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 25Dividend increased to €3.62Dividend 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.
공시 • Feb 20Ferrari N.V. Recommends Dividend, Payable on May 5, 2026Ferrari 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 11Full 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.
공시 • Feb 10Ferrari N.V. Provides Earnings Guidance for the Full Year of 2026Ferrari N.V. provided earnings guidance for the full year of 2026. For the year, the company guidance targeting EUR 7.50 billion revenues.
공시 • Jan 16Ferrari N.V., Annual General Meeting, Apr 15, 2026Ferrari N.V., Annual General Meeting, Apr 15, 2026.
공시 • Jan 15+ 2 more updatesFerrari N.V. to Report Q1, 2026 Results on May 05, 2026Ferrari N.V. announced that they will report Q1, 2026 results on May 05, 2026
공시 • Jan 08Ferrari N.V. to Report Q4, 2025 Results on Feb 10, 2026Ferrari N.V. announced that they will report Q4, 2025 results on Feb 10, 2026
Reported Earnings • Nov 05Third 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.
공시 • Oct 10+ 2 more updatesFerrari N.V. (BIT:RACE) announces an Equity Buyback for €3,500 million worth of its shares.Ferrari N.V. (NYSE:RACE) ) announces a share repurchase program. Under the program, the company will repurchase up to €3,500 million worth of its shares.
Valuation Update With 7 Day Price Move • Oct 09Investor 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 01Second 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 06First 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.
공시 • May 06Ferrari N.V. Provides Earnings Guidance for the Full Year of 2025Ferrari 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.
공시 • Apr 16+ 1 more updateFerrari N.V. Appoints Tommaso Ghidini as Non-Executive DirectorFerrari N.V. announced the appointment of Tommaso Ghidini as non-executive director, at the AGM held on April 16, 2025.
Upcoming Dividend • Apr 15Upcoming dividend of €2.99 per shareEligible 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%).
공시 • Mar 28Ferrari N.V. Confirms Its Financial Targets for 2025Ferrari 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 19Executive Chairman recently sold €1.6m worth of stockOn 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.
공시 • Feb 28Ferrari 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
공시 • Feb 27Ferrari 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 26Dividend increased to €2.99Dividend 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%.
공시 • Feb 21Ferrari N.V. Recommends Dividend Distribution, Payable on May 6, 2025Ferrari 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 04Full 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.
공시 • Feb 04Ferrari N.V. Provides Earnings Guidance for the Year 2025Ferrari N.V. provided earnings guidance for the year 2025. For the year, the company expects net revenues of more than EUR 7.0 billion.
공시 • Jan 28Hot Wheels and Ferrari Team Up for the First Time in 10 Years to Release a Full Range of Die-Cast Cars and CollectiblesMattel, 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.
공시 • Jan 20Ferrari N.V., Annual General Meeting, Apr 16, 2025Ferrari N.V., Annual General Meeting, Apr 16, 2025.
공시 • Jan 19Ferrari N.V. to Report Q4, 2024 Results on Feb 04, 2025Ferrari N.V. announced that they will report Q4, 2024 results on Feb 04, 2025
공시 • Jan 17+ 2 more updatesFerrari N.V. to Report Q1, 2025 Results on May 06, 2025Ferrari N.V. announced that they will report Q1, 2025 results on May 06, 2025
Reported Earnings • Nov 05Third 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 01Insufficient new directorsThere 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 05New minor risk - Financial positionThe 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 02Second 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 08First 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.
공시 • May 08Ferrari N.V. Provides Earnings Guidance for the Full Year of 2024Ferrari N.V. provided earnings guidance for the full year of 2024. For the year, the company expects net revenues of €6.4 billion.
공시 • Apr 17Ferrari N.V. Approves Cash Dividend, Payable on May 3, 2024The 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 15Upcoming dividend of €2.44 per shareEligible 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 01Insufficient new directorsThere 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 28Dividend increased to €2.44Dividend 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 25Full 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 01Investor 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.
공시 • Jan 31+ 3 more updatesFerrari N.V. to Report Q2, 2024 Results on Aug 01, 2024Ferrari N.V. announced that they will report Q2, 2024 results on Aug 01, 2024
공시 • Jan 19Ferrari N.V. to Report Q4, 2023 Results on Feb 01, 2024Ferrari N.V. announced that they will report Q4, 2023 results on Feb 01, 2024
Reported Earnings • Nov 02Third 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.
공시 • Aug 04Ferrari N.V. Revises Earnings Guidance for the Full Year of 2023Ferrari 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 03Second 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 05First 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 17Upcoming dividend of €1.81 per share at 0.7% yieldEligible 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 23CEO & Executive Director recently sold €368k worth of stockOn 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.
공시 • Feb 08Ferrari N.V. Appoints Lorenzo Giorgetti as Chief Racing Revenue OfficerFerrari 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 05Full 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.
공시 • Jan 31+ 2 more updatesFerrari N.V. to Report Q1, 2023 Results on May 04, 2023Ferrari N.V. announced that they will report Q1, 2023 results on May 04, 2023
공시 • Jan 21Ferrari N.V. to Report Q4, 2022 Results on Feb 02, 2023Ferrari N.V. announced that they will report Q4, 2022 results on Feb 02, 2023
Recent Insider Transactions • Dec 08CEO & Executive Director recently sold €726k worth of stockOn 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 04Third 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 03Second 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 05First 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 12Upcoming dividend of €1.36 per shareEligible 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 04Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull 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 03Third 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 04Second 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 12Upcoming dividend of €0.87 per shareEligible 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 02Full 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 02Revenue beats expectationsRevenue 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 19New 90-day low: €165The 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 17Non- Executive Director has left the companyOn 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 05Full 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 05Revenue beats expectationsRevenue 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 04New 90-day low: €165The 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 16New 90-day high: €182The 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 05Third quarter 2020 earnings released: EPS €0.92The 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 05Revenue misses expectationsRevenue 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.