Ferrari N.V.

SWX:RACE Stock Report

Market Cap: CHF 68.6b

Ferrari Valuation

Is RACE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RACE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RACE (CHF280) is trading above our estimate of fair value (CHF64.11)

Significantly Below Fair Value: RACE is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RACE?

Key metric: As RACE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RACE. This is calculated by dividing RACE's market cap by their current earnings.
What is RACE's PE Ratio?
PE Ratio51.7x
Earnings€1.43b
Market Cap€73.35b

Price to Earnings Ratio vs Peers

How does RACE's PE Ratio compare to its peers?

The above table shows the PE ratio for RACE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.5x
GM General Motors
5.6x-10.2%US$62.7b
P911 Dr. Ing. h.c. F. Porsche
14.3x11.3%€56.8b
BMW Bayerische Motoren Werke
5.3x5.6%€42.9b
MBG Mercedes-Benz Group
4.7x1.7%€51.2b
RACE Ferrari
51.7x9.4%CHF 77.2b

Price-To-Earnings vs Peers: RACE is expensive based on its Price-To-Earnings Ratio (51.7x) compared to the peer average (7.5x).

Price to Earnings Ratio vs Industry

How does RACE's PE Ratio compare vs other companies in the Global Auto Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RACE 51.7xIndustry Avg. 14.7xNo. of Companies17PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RACE is expensive based on its Price-To-Earnings Ratio (51.7x) compared to the Global Auto industry average (14.6x).

Price to Earnings Ratio vs Fair Ratio

What is RACE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RACE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio51.7x
Fair PE Ratio12.6x

Price-To-Earnings vs Fair Ratio: RACE is expensive based on its Price-To-Earnings Ratio (51.7x) compared to the estimated Fair Price-To-Earnings Ratio (12.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RACE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 280.00
CHF 438.60
+56.6%
10.0%CHF 497.13CHF 331.00n/a14
Nov ’25CHF 280.00
CHF 432.79
+54.6%
10.9%CHF 505.95CHF 330.80n/a14
Oct ’25CHF 280.00
CHF 408.12
+45.8%
14.5%CHF 507.11CHF 263.22n/a14
Sep ’25CHF 280.00
CHF 394.51
+40.9%
12.1%CHF 448.43CHF 264.50n/a14
Aug ’25CHF 280.00
CHF 385.49
+37.7%
12.0%CHF 449.13CHF 264.92n/a14
Jul ’25CHF 280.00
CHF 389.74
+39.2%
12.0%CHF 456.57CHF 269.31n/a14
Jun ’25CHF 280.00
CHF 396.91
+41.8%
12.5%CHF 470.47CHF 277.50n/a14
May ’25CHF 280.00
CHF 388.86
+38.9%
12.8%CHF 471.61CHF 274.20n/a14
Apr ’25CHF 280.00
CHF 365.47
+30.5%
11.4%CHF 419.40CHF 257.03n/a14
Mar ’25CHF 280.00
CHF 343.33
+22.6%
12.7%CHF 402.06CHF 249.59n/a14
Feb ’25CHF 280.00
CHF 321.76
+14.9%
11.0%CHF 390.39CHF 246.64n/a14
Jan ’25CHF 280.00
CHF 315.67
+12.7%
11.7%CHF 385.57CHF 237.92n/a14
Dec ’24CHF 280.00
CHF 320.91
+14.6%
12.8%CHF 400.38CHF 247.06n/a12
Nov ’24CHF 280.00
CHF 294.89
+5.3%
8.4%CHF 327.84CHF 243.59CHF 280.0011
Oct ’24CHF 280.00
CHF 298.83
+6.7%
9.4%CHF 335.76CHF 249.47CHF 280.0011
Sep ’24CHF 280.00
CHF 292.43
+4.4%
9.6%CHF 331.22CHF 246.10CHF 280.0011
Aug ’24CHF 280.00
CHF 284.36
+1.6%
11.9%CHF 334.25CHF 241.45CHF 280.0010
Jul ’24CHF 280.00
CHF 270.19
-3.5%
16.1%CHF 336.80CHF 186.13CHF 280.0010
Jun ’24CHF 280.00
CHF 269.51
-3.7%
16.2%CHF 336.17CHF 185.78CHF 280.0010
May ’24CHF 280.00
CHF 260.31
-7.0%
15.0%CHF 320.64CHF 182.45CHF 280.0010
Apr ’24CHF 247.00
CHF 255.51
+3.4%
18.0%CHF 324.91CHF 178.19CHF 280.0010
Mar ’24CHF 246.93
CHF 255.62
+3.5%
18.9%CHF 327.13CHF 174.37CHF 280.0011
Feb ’24CHF 217.00
CHF 236.46
+9.0%
15.3%CHF 287.94CHF 175.01CHF 280.0011
Jan ’24CHF 216.00
CHF 232.39
+7.6%
17.9%CHF 289.25CHF 170.97CHF 280.0011
Dec ’23CHF 216.00
CHF 227.07
+5.1%
18.8%CHF 284.64CHF 168.24CHF 280.0010
Nov ’23CHF 216.00
CHF 234.60
+8.6%
20.0%CHF 304.43CHF 165.25CHF 280.0010

Analyst Forecast: Target price is less than 20% higher than the current share price.

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