BIT:RACEAuto
Ferrari (BIT:RACE) Valuation Check After New €3.5b Buyback and Post-Guidance Share Price Slide
Ferrari (BIT:RACE) just wrapped up its €2 billion buyback a year early and immediately rolled out a new €3.5 billion program through 2030, right after guidance cuts knocked the stock sharply lower.
See our latest analysis for Ferrari.
The sharp October reset in expectations explains why the 1 month share price return is down 12.6 percent and the year to date share price return is off 23.1 percent. At the same time, the 5 year total shareholder return of about 74.5 percent still reflects...