Ferrari Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Benedetto Vigna
Chief executive officer
€10.9m
Total compensation
| CEO salary percentage | 16.44% |
| CEO tenure | 5yrs |
| CEO ownership | 0.02% |
| Management average tenure | 5yrs |
| Board average tenure | 10.4yrs |
Recent management updates
Recent updates
Narrative Update • Sep 03
RACE: Ongoing Buybacks And Stable Margins Will Support Future Returns
Analysts have raised their price target for Ferrari to about €388 from roughly €380, citing slightly updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Ferrari Ferrari completed the second tranche of its multi year share repurchase program with a total consideration of about €250 million, according to the company.
Narrative Update • Aug 14
RACE: Raised 2026 Guidance And Buybacks Will Sustain Rich Earnings Multiple
Analysts have lifted their Ferrari price target from €303.85 to €330.00, citing updated assumptions that include a slightly lower discount rate, adjusted revenue growth expectations, a modestly higher profit margin and a somewhat richer future P/E multiple. What’s in the News for Ferrari Ferrari reported stronger than expected Q2 2026 results, supported by demand, product mix and a surge in personalization options, and raised full year 2026 revenue guidance to approximately €7.6b.Analysis Article • Aug 07
Ferrari's (BIT:RACE) Solid Earnings May Rest On Weak Foundations
Ferrari N.V.'s ( BIT:RACE ) robust recent earnings didn't do much to move the stock. However the statutory profit...Narrative Update • Jul 31
RACE: Raised Guidance And Ongoing Buybacks Will Support Future Returns
Analysts now set a slightly higher fair value for Ferrari at about €380. The updated view reflects modest adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions.Narrative Update • Jul 08
RACE: Buybacks And 2026 Guidance Will Mask Risk Of Overstated Earnings Multiple
Analysts have adjusted their Ferrari price target from €290.00 to about €303.85, citing updated assumptions related to revenue growth, profit margins, and future P/E multiples. What’s in the News for Ferrari Ferrari unveiled the limited edition 12Cilindri Manuale V12, a manual gearbox model that several Wall Street analysts describe as a high margin product tied to the company’s evolving lineup, according to recent research coverage.Narrative Update • Jun 23
RACE: Future Buybacks And EV Transition Will Support Stronger Returns
Analysts have made a small upward revision to Ferrari's implied fair value, with the price target moving from €368.25 to about €371.03, reflecting updated assumptions on discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Ferrari Ferrari revealed its first fully electric vehicle, the four door Luce priced around $640,000 (€550,000).Analysis Article • Jun 16
Ferrari (BIT:RACE) Stock Could Be 31% Overvalued After Morgan Stanley Upgrade
Morgan Stanley’s upgrade of Ferrari (BIT:RACE) after recent share price weakness has put the stock back on investor radar, as the bank highlights improving dealer demand signals and resilience among ultra-high-net-worth buyers. See our latest analysis for Ferrari. At a latest share price of €318.8, Ferrari’s 30 day share price return of 14.10% and 90 day share price return of 9.93% contrast with a 1 year total shareholder return that declined 19.81%. This suggests momentum has picked up again...Narrative Update • Jun 09
RACE: Future Buybacks And Dividend Stream Will Support Stronger Returns
Analysts have nudged their fair value estimate for Ferrari slightly lower to €368.25 from €368.75, reflecting updated assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Ferrari extended Formula 1 driver Charles Leclerc’s contract well into the 2030s ahead of the Monaco Grand Prix, reinforcing continuity and long term commitment to him as a core figure of Scuderia Ferrari HP.Narrative Update • May 25
RACE: 2026 Revenue Guidance And Dividend Plans Will Support Measured Outlook
Analysts have adjusted their fair value estimate for Ferrari to €290, down from €300, reflecting updated views on discount rates, long term revenue growth, margins, and future P/E assumptions. What's in the News Ferrari confirmed full year 2026 net revenue guidance of about €7.50b, providing a clearer view of the company’s targeted scale for that period (Corporate guidance).Analysis Article • May 08
Analyst Estimates: Here's What Brokers Think Of Ferrari N.V. (BIT:RACE) After Its First-Quarter Report
The first-quarter results for Ferrari N.V. ( BIT:RACE ) were released last week, making it a good time to revisit its...
Narrative Update • May 03
RACE: Future Dividend Stream And 2026 Revenue Ambition Will Support Upside
Analysts have nudged their price target for Ferrari slightly lower from €435.00 to €430.00, reflecting updated assumptions around revenue growth, profit margins and a higher future P/E multiple in their models. What's in the News Ferrari is targeting €7.50b in revenues for the full year 2026, giving you a clear management reference point for top line expectations (company guidance).Narrative Update • Apr 18
RACE: Future Dividend Stream Will Support Stronger Shareholder Returns
Analysts have made a small adjustment to their Ferrari price target, with fair value moving from about €368.86 to about €368.75. This reflects updated views on the discount rate, revenue growth, profit margin and future P/E assumptions.Narrative Update • Apr 04
RACE: Future Dividend Plans And 2026 Guidance Will Support Measured Outlook
Analysts have adjusted their Ferrari price target from €310 to €300, citing minor changes in fair value assumptions, including slightly revised estimates for the discount rate, revenue growth, profit margin and future P/E. What's in the News Ferrari intends to recommend a dividend of €3.615 per common share, corresponding to a total distribution of about €640 million, subject to shareholder approval at the Annual General Meeting scheduled for April 15, 2026 (Key Developments).Narrative Update • Mar 21
RACE: Dividend And Buybacks Will Drive Stronger Future Shareholder Returns
Analysts have slightly reduced their Ferrari price target to about €369, reflecting modest tweaks to assumptions on the discount rate, revenue growth, profit margin and future P/E, without a major shift in the overall investment view. What's in the News Ferrari intends to recommend a dividend of €3.615 per share, about 21% higher than the prior year, for a total proposed distribution of about €640m, subject to shareholder approval at the AGM scheduled for April 15, 2026 (Key Developments).Narrative Update • Mar 06
RACE: Measured Outlook Will Balance Dividend Plans And Updated Earnings Guidance
Analysts have revised their price target on Ferrari to €310 from €380, reflecting updated assumptions around a lower discount rate, more measured revenue growth, slightly higher profit margins, and a reduced future P/E multiple. What’s in the News Ferrari plans to recommend a dividend of €3.615 per common share for approval at the April 15, 2026 AGM.Narrative Update • Feb 20
RACE: Dividend And Buybacks Will Support Stronger Future Shareholder Returns
Analysts have trimmed their Ferrari price target by about €35, reflecting slightly lower assumptions for fair value and profit margins, along with a more moderate future P/E outlook, while still applying a somewhat reduced discount rate. What's in the News Ferrari plans to propose a dividend of €3.615 per share, around 21% higher than the prior year, for a total of about €640 million, subject to shareholder approval at the AGM scheduled for April 15, 2026 (Key Developments).Narrative Update • Feb 06
RACE: Buybacks And Premium Partnerships Will Support Future Capital Upside
Analysts maintained their fair value estimate for Ferrari at $435.00 while updating certain underlying assumptions, including a lower discount rate, minor adjustments to expected revenue growth and profit margin, and a modestly lower future P/E in their revised price target analysis. What's in the News Ferrari completed a share repurchase of 717,508 shares, representing 0.4% of its share capital, for €247.05 million between October 1, 2025 and December 30, 2025.Narrative Update • Jan 23
RACE: Buybacks And Premium Partnerships Will Drive Future Capital Returns
Analysts have kept their fair value estimate for Ferrari steady at US$435.00, indicating that only minor adjustments to assumptions on discount rate, revenue growth, profit margin and future P/E do not materially change their overall view on the stock. What's in the News Ferrari completed a share buyback program announced on June 16, 2022, repurchasing a total of 6,015,933 shares, or 3.34% of its share capital, for €2,000 million.Narrative Update • Jan 08
RACE: Future Capital Returns Will Be Driven By Buybacks And Premium Partnerships
Analysts now estimate Ferrari's fair value at $435, down from $466. This reflects their updated views on slightly higher revenue growth, stronger profit margins, and a lower future P/E multiple.Analysis Article • Dec 31
Why The 27% Return On Capital At Ferrari (BIT:RACE) Should Have Your Attention
What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...Narrative Update • Dec 14
RACE: Future Capital Returns Will Drive Attractive Shareholder Upside Potential
Analysts have trimmed their price target on Ferrari to approximately $466 per share, down from about $545. They cited slightly lower expectations for revenue growth, profit margins, and future valuation multiples that still support a premium but a less aggressive long term outlook.Narrative Update • Nov 30
RACE: New Share Buyback Plan Will Support Stronger Future Returns
Ferrari's analyst price target has inched up marginally from $403.43 to $404.24, reflecting analysts' confidence in the company's stable financial performance and outlook. What's in the News Ferrari has completed the repurchase of 5,624,556 shares, representing 3.12% of its shares, for €1,878.95 million under its share buyback program announced in June 2022 (Key Developments).Narrative Update • Nov 16
RACE: Increased Share Buyback and Dividend Plan Will Drive Future Returns
Ferrari's analyst price target has been slightly lowered from $404.54 to $403.43 as analysts factor in marginally softer revenue growth projections and a reduced discount rate, partially offset by expectations for improved profit margin and a lower future price-to-earnings ratio. What's in the News Ferrari completed the repurchase of 5,624,556 shares, representing 3.12% of shares outstanding, for a total outlay of €1,878.95 million under its buyback program announced in June 2022.Analysis Article • Nov 07
Ferrari N.V. (BIT:RACE) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year
Investors in Ferrari N.V. ( BIT:RACE ) had a good week, as its shares rose 3.0% to close at €352 following the release...Narrative Update • Oct 31
RACE: Expanded Buyback And Higher Payout Will Drive Future Upside
Ferrari's updated analyst price target has decreased slightly from $416.85 to $404.54, as analysts cite marginally lower projections for revenue growth and profit margins. What's in the News The Board of Directors has authorized a new buyback plan as of October 9, 2025.Narrative Update • Oct 17
Electrification And Hybrid Offerings Will Unlock Upscale Global Demand
Ferrari Analyst Price Target Adjusted Down Amid Outlook Revision Analysts have lowered Ferrari’s fair value estimate from $447.87 to $416.85. This adjustment is based on a slightly more conservative outlook on revenue growth and profit margins.Narrative Update • Oct 03
Electrification And Hybrid Offerings Will Unlock Upscale Global Demand
Ferrari's analyst price target has been raised from $440.53 to $447.87, as analysts factor in a slightly higher projected profit margin and a modest reduction in discount rate, despite a slight pullback in revenue growth expectations. What's in the News Ferrari N.V. has confirmed its earnings guidance for the full year of 2025, with net revenues expected to exceed EUR 7.0 billion (Key Developments).
New Narrative • May 03
New Electric Models And Flexible Production Will Boost Market Presence
Expanded production and personalization options are expected to boost revenue and increase flexibility.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | €2b |
| Mar 31 2026 | n/a | n/a | €2b |
| Dec 31 2025 | €11m | €2m | €2b |
| Sep 30 2025 | n/a | n/a | €2b |
| Jun 30 2025 | n/a | n/a | €2b |
| Mar 31 2025 | n/a | n/a | €2b |
| Dec 31 2024 | €8m | €2m | €2b |
| Sep 30 2024 | n/a | n/a | €1b |
| Jun 30 2024 | n/a | n/a | €1b |
| Mar 31 2024 | n/a | n/a | €1b |
| Dec 31 2023 | €7m | €2m | €1b |
| Sep 30 2023 | n/a | n/a | €1b |
| Jun 30 2023 | n/a | n/a | €1b |
| Mar 31 2023 | n/a | n/a | €990m |
| Dec 31 2022 | €5m | €2m | €933m |
| Sep 30 2022 | n/a | n/a | €927m |
| Jun 30 2022 | n/a | n/a | €907m |
| Mar 31 2022 | n/a | n/a | €864m |
| Dec 31 2021 | €6m | €500k | €831m |
Compensation vs Market: Benedetto's total compensation ($USD12.58M) is above average for companies of similar size in the Italian market ($USD5.40M).
Compensation vs Earnings: Benedetto's compensation has increased by more than 20% in the past year.
CEO
Benedetto Vigna (57 yo)
5yrs
Tenure
€10,900,115
Compensation
Mr. Benedetto Vigna serves as Chief Executive Officer and Executive Director at Ferrari N.V. since April 13, 2022 and also served as Acting Chief Executive Officer since September 16, 2021 until April 13,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 10.4yrs | €2.49m | 0.020% € 13.4m | |
| CEO & Executive Director | 5yrs | €10.90m | 0.024% € 16.2m | |
| Chief Financial Officer | 8.2yrs | no data | no data | |
| Head of Investor Relations | 11.2yrs | no data | no data | |
| General Counsel | 11.2yrs | no data | no data | |
| Chief Internal Audit | 2.8yrs | no data | no data | |
| Chief Communication Officer | less than a year | no data | no data | |
| Chief Marketing & Commercial Officer | less than a year | no data | no data | |
| Chief Human Resources Officer | no data | no data | no data | |
| Chief Design Officer | 16.7yrs | no data | no data | |
| Chief Industrial Officer | 1.3yrs | no data | no data | |
| Chief Product Development Officer | 4.7yrs | no data | no data |
5.0yrs
Average Tenure
57yo
Average Age
Experienced Management: RACE's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 10.4yrs | €2.49m | 0.020% € 13.4m | |
| CEO & Executive Director | 5yrs | €10.90m | 0.024% € 16.2m | |
| Independent Non-Executive Director | 6.4yrs | €78.29k | 0.000050% € 33.9k | |
| Independent Vice Chairman | 10.7yrs | €89.76k | 0.0036% € 2.4m | |
| Independent Non Executive Director | 3.4yrs | €65.24k | 0.0039% € 2.7m | |
| Chairman of the Board & Senior Independent Non-Executive Director | 10.7yrs | €110.82k | no data | |
| Independent Non-Executive Director | 10.4yrs | €69.59k | 0.0015% € 989.6k | |
| Independent Non-Executive Director | 10.4yrs | €65.24k | 0.0014% € 928.6k | |
| Independent Non-Executive Director | 10.4yrs | €73.94k | no data | |
| Independent Non-Executive Director | 10.7yrs | €73.94k | 0.0014% € 948.9k | |
| Independent Non-Executive Director | 6.4yrs | €73.94k | no data | |
| Independent Non-Executive Director | 1.4yrs | €45.51k | no data |
10.4yrs
Average Tenure
58.5yo
Average Age
Experienced Board: RACE's board of directors are seasoned and experienced ( 10.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/15 18:01 |
| End of Day Share Price | 2026/09/15 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 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 Github.
Analyst Sources
Ferrari N.V. is covered by 43 analysts. 23 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 |
|---|---|
| Vincenzo Antonio Buono | Banca Akros S.p.A. (ESN) |
| Carmen Novel | Banca Akros S.p.A. (ESN) |
| Gianmarco Bonacina | Banca Akros S.p.A. (ESN) |