Ferrari
Market Cap
€28.1b
Last Updated
2019/09/17 22:22 UTC
Data Sources
Company Financials +
Executive Summary
Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars.
Snowflake
Fundamentals
Solid track record with moderate growth potential.
Similar Companies
Share Price & News
How has Ferrari's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.9%
BIT:RACE
-1.2%
IT Auto
-0.3%
IT Market
1 Year Return
18.3%
BIT:RACE
-16.4%
IT Auto
-0.6%
IT Market
RACE outperformed the Auto industry which returned -14.9% over the past year.
RACE outperformed the Market in Italy which returned 0.6% over the past year.
Share holder returns
| RACE | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | -1.2% | -0.3% |
| 30 Day | -0.9% | 11.7% | 5.6% |
| 90 Day | -0.7% | 1.9% | 1.1% |
| 1 Year | 19.3%18.3% | -3.8%-16.4% | 3.7%-0.6% |
| 3 Year | 235.3%227.0% | 143.7%110.4% | 31.3%13.5% |
| 5 Year | n/a | 14.6%-2.8% | 13.5%-30.8% |
Price Volatility Vs. Market
How volatile is Ferrari's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Ferrari undervalued based on future cash flows and its price relative to the stock market?
31.27x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Ferrari's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Ferrari's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Ferrari is overvalued based on earnings compared to the Europe Auto industry average.
Ferrari is overvalued based on earnings compared to the Italy market.
Price Based on Expected Growth
Ferrari is poor value based on expected growth next year.
Price Based on Value of Assets
Ferrari is overvalued based on assets compared to the IT Auto industry average.
Next Steps
Future Growth
How is Ferrari expected to perform in the next 1 to 3 years based on estimates from 20 analysts?
4.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Ferrari's revenue is expected to grow by 8.4% yearly, however this is not considered high growth (20% yearly).
Ferrari's earnings are expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
Ferrari's revenue growth is expected to exceed the Italy market average.
Ferrari's earnings growth is positive but not above the Italy market average.
Ferrari's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Earnings per Share Growth Estimates
Future Return on Equity
Ferrari is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Next Steps
Past Performance
How has Ferrari performed over the past 5 years?
28.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Ferrari has delivered over 20% year on year earnings growth in the past 5 years.
Ferrari's 1-year earnings growth exceeds its 5-year average (43.4% vs 28.2%)
Ferrari's earnings growth has exceeded the Europe Auto industry average in the past year (43.4% vs 12.9%).
Return on Equity
Whilst Ferrari made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
Return on Assets
Ferrari used its assets more efficiently than the Europe Auto industry average last year based on Return on Assets.
Return on Capital Employed
Ferrari has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is Ferrari's financial position?
Financial Position Analysis
Ferrari is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Ferrari's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Ferrari's level of debt (143.5%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (17.3% vs 143.5% today).
Debt is well covered by operating cash flow (61.7%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 27x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 1.3x debt.
Next Steps
Dividend
What is Ferrari's current dividend yield, its reliability and sustainability?
0.88%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Ferrari's pays a lower dividend yield than the bottom 25% of dividend payers in Italy (2.01%).
Ferrari's dividend is below the markets top 25% of dividend payers in Italy (4.35%).
Ferrari is not paying a notable dividend for Italy, therefore no need to check if the payments are stable.
Ferrari is not paying a notable dividend for Italy, therefore no need to check if the payments are increasing.
Current Payout to Shareholders
No need to calculate the sustainability of Ferrari's dividends as it is not paying a notable one for Italy.
Future Payout to Shareholders
No need to calculate the sustainability of Ferrari's dividends in 3 years as they are not expected to pay a notable one for Italy.
Next Steps
Management
What is the CEO of Ferrari's salary, the management and board of directors tenure and is there insider trading?
4.2yrs
Average management tenure
CEO
Louis Camilleri (64yo)
1.2yrs
Tenure
€270,412
Compensation
Mr. Louis Carey Camilleri, BA, has been the Non-Executive Chairman of Philip Morris International, Inc. since December 31, 2014. Mr. Camilleri has been the Chief Executive Officer of Ferrari S.p.A.since Ju ...
Management Age and Tenure
4.2yrs
Average Tenure
51.5yo
Average Age
The tenure for the Ferrari management team is about average.
Board Age and Tenure
3.7yrs
Average Tenure
55yo
Average Age
The tenure for the Ferrari board of directors is about average.
Insider Trading
Ferrari individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer CEO & Executive Director |
| Shares | 7,886 |
| Max Price | €149.97 |
Ownership Breakdown
Management Team
Louis Camilleri (64yo)
CEO & Executive Director
- Tenure: 1.2yrs
- Compensation: €270.41k
Antonio Piccon
Chief Financial Officer
- Tenure: 1.2yrs
Enrico Galliera (53yo)
Chief Marketing & Commercial Officer
- Tenure: 9.4yrs
Vincenzo Regazzoni (56yo)
Chief Manufacturing Officer
- Tenure: 4.5yrs
Michael Leiters (48yo)
Chief Technology Officer
- Tenure: 5.7yrs
Nicola Boari (49yo)
Chief Brand Diversification Officer
- Tenure: 9.5yrs
Michele Antoniazzi (50yo)
Chief Human Resources Officer
- Tenure: 3.4yrs
Nicoletta Russo
Head of Investor Relations
- Tenure: 4.2yrs
Carlo Daneo
General Counsel
- Tenure: 4.2yrs
Jane Reeve
Chief Communication Officer
- Tenure: 0.3yrs
Board Members
Louis Camilleri (64yo)
CEO & Executive Director
- Tenure: 1.2yrs
- Compensation: €270.41k
John Elkann (43yo)
Chairman
- Tenure: 1.2yrs
- Compensation: €92.58k
Piero Ferrari (74yo)
Vice Chairman
- Tenure: 0yrs
- Compensation: €80.55k
Sergio Duca (72yo)
Senior Non-Executive Director
- Tenure: 0yrs
- Compensation: €94.89k
Lapo Elkann (42yo)
Non-Executive Director
- Tenure: 3.4yrs
- Compensation: €63.89k
Amedeo Felisa (73yo)
Non-Executive Director
- Tenure: 3.7yrs
- Compensation: €63.89k
Eddy Cue (55yo)
Independent Non-Executive Director
- Tenure: 3.7yrs
- Compensation: €68.15k
Elena Emilia Zambon (55yo)
Independent Non-Executive Director
- Tenure: 3.7yrs
- Compensation: €72.03k
Giuseppina Capaldo (50yo)
Independent Non-Executive Director
- Tenure: 3.7yrs
- Compensation: €73.78k
Delphine Arnault (44yo)
Independent Non-Executive Director
- Tenure: 3.4yrs
- Compensation: €63.89k
Company Information
Ferrari N.V.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ferrari N.V.
- Ticker: RACE
- Exchange: BIT
- Founded: 1947
- Industry: Automobile Manufacturers
- Sector: Automobiles
- Market Cap: US$28.099b
- Listing Market Cap: US$25.415b
- Shares outstanding: 186.13m
- Website: https://www.ferrari.com
Number of Employees
Location
- Ferrari N.V.
- Via Abetone Inferiore n. 4
- Maranello
- 41053
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RACE34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 1 REP 1 COM | BR | BRL | No data | |
| RACE | NYSE (New York Stock Exchange) | COM | US | USD | No data | |
| RACE | SWX (SIX Swiss Exchange) | COM | CH | CHF | No data | |
| 2FE | BST (Boerse-Stuttgart) | COM | DE | EUR | No data | |
| 0RDT | LSE (London Stock Exchange) | COM | GB | CHF | No data | |
| 0RDT | LSE (London Stock Exchange) | Yes | Common Shares | GB | EUR | Oct 2015 |
| RACE | BIT (Borsa Italiana) | Yes | Common Shares | IT | EUR | Oct 2015 |
| 2FE | XTRA (XETRA Trading Platform) | Yes | Common Shares | DE | EUR | Oct 2015 |
| RACE | SWX (SIX Swiss Exchange) | Yes | Common Shares | CH | CHF | Oct 2015 |
| 2FE | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Oct 2015 |
| RACEM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | EUR | Oct 2015 |
| RACE N | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Oct 2015 |
| RACE | WBAG (Wiener Boerse AG) | Yes | Common Shares | AT | EUR | Oct 2015 |
| RACE | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Oct 2015 |
Biography
Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; Fuori ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/17 22:22 |
| End of Day Share Price | 2019/09/17 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.