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

RACEM is expensive based on its Price-To-Earnings Ratio (51.4x) compared to the peer average (7.3x).

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

RACEM is expensive based on its Price-To-Earnings Ratio (51.4x) compared to the Global Auto industry average (15.9x).

What is RACEM'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.

RACEM is expensive based on its Price-To-Earnings Ratio (51.4x) compared to the estimated Fair Price-To-Earnings Ratio (24.4x).

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

RACEM (€415) is trading above our estimate of [[fair value]] (€83.69)

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

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

RACEM Stock Overview

Through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. More details

RACEM fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	3/6
Past Performance	6/6
Financial Health	5/6
Dividends	0/6

Rewards

Earnings are forecast to grow 9.6% per year

Earnings grew by 21.4% over the past year

Risk Analysis

Has a high level of debt

My Notes

Capture your thoughts, links and company narrative

Ferrari N.V. Competitors

General Motors

NYSE:GM

US$55.0b

Bayerische Motoren Werke

XTRA:BMW

€48.2b

Dr. Ing. h.c. F. Porsche

XTRA:P911

€53.5b

Mercedes-Benz Group

XTRA:MBG

€50.9b

Price History & Performance

Summary of share price highs, lows and changes for Ferrari
Historical stock prices
Current Share Price	US$415.00
52 Week High	US$453.70
52 Week Low	US$346.10
Beta	0.95
1 Month Change	0.90%
3 Month Change	-1.18%
1 Year Change	31.04%
3 Year Change	87.19%
5 Year Change	172.58%
Change since IPO	857.99%

Recent updates

Shareholder Returns

	RACEM	GB Auto	GB Market
7D	-4.7%	-3.0%	-2.6%
1Y	31.0%	-24.7%	2.7%

Return vs Industry: RACEM exceeded the UK Auto industry which returned -24.3% over the past year.

Return vs Market: RACEM exceeded the UK Market which returned 3.5% over the past year.

Price Volatility

Is RACEM's price volatile compared to industry and market?
RACEM volatility
RACEM Average Weekly Movement	4.1%
Auto Industry Average Movement	5.1%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	10.5%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: RACEM has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: RACEM's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1947	5,290	Benedetto Vigna	www.ferrari.com

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.

Ferrari N.V. Fundamentals Summary

How do Ferrari's earnings and revenue compare to its market cap?
RACEM fundamental statistics
Market cap	€73.06b
Earnings (TTM)	€1.43b
Revenue (TTM)	€6.46b

51.4x

P/E Ratio

11.4x

P/S Ratio

Is RACEM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RACEM income statement (TTM)
Revenue	€6.46b
Cost of Revenue	€3.25b
Gross Profit	€3.22b
Other Expenses	€1.79b
Earnings	€1.43b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	7.99
Gross Margin	49.80%
Net Profit Margin	22.14%
Debt/Equity Ratio	88.6%

How did RACEM perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

31%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 10:35
End of Day Share Price	2024/12/18 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ferrari N.V. is covered by 43 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Carmen Novel	Banca Akros S.p.A. (ESN)
Gabriele Gambarova	Banca Akros S.p.A. (ESN)
Henning Cosman	Barclays