Ferrari Management
Management criteria checks 2/4
Ferrari's CEO is Benedetto Vigna, appointed in Sep 2021, has a tenure of 4.58 years. total yearly compensation is €10.90M, comprised of 16.4% salary and 83.6% bonuses, including company stock and options. directly owns 0.029% of the company’s shares, worth €14.73M. The average tenure of the management team and the board of directors is 4.4 years and 10 years respectively.
Key information
Benedetto Vigna
Chief executive officer
€10.9m
Total compensation
| CEO salary percentage | 16.44% |
| CEO tenure | 4.6yrs |
| CEO ownership | 0.03% |
| Management average tenure | 4.4yrs |
| Board average tenure | 10yrs |
Recent management updates
Recent updates
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.
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).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).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.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).
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.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.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.Why The 27% Return On Capital At Ferrari (BIT:RACE) Should Have Your Attention
Dec 31
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.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).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.Ferrari N.V. (BIT:RACE) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year
Nov 07RACE: 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.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.Electrification And Hybrid Offerings Will Unlock Upscale Global Demand
Ferrari's analyst price target has been raised from $440.53 to $447.87, as analysts factor in a slightly higher projected profit margin and a modest reduction in discount rate, despite a slight pullback in revenue growth expectations. What's in the News Ferrari N.V. has confirmed its earnings guidance for the full year of 2025, with net revenues expected to exceed EUR 7.0 billion (Key Developments).Does Ferrari (BIT:RACE) Deserve A Spot On Your Watchlist?
Aug 31We Like Ferrari's (BIT:RACE) Returns And Here's How They're Trending
Aug 17
Ferrari N.V. (BIT:RACE) Just Released Its Half-Year Earnings: Here's What Analysts Think
Aug 03Does Ferrari (BIT:RACE) Have A Healthy Balance Sheet?
Jul 09Some Shareholders Feeling Restless Over Ferrari N.V.'s (BIT:RACE) P/E Ratio
Jun 11Is Now The Time To Put Ferrari (BIT:RACE) On Your Watchlist?
May 28Ferrari N.V. (BIT:RACE) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates
May 09
New Electric Models And Flexible Production Will Boost Market Presence
Expanded production and personalization options are expected to boost revenue and increase flexibility.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | €11m | €2m | €2b |
| Sep 30 2025 | n/a | n/a | €2b |
| Jun 30 2025 | n/a | n/a | €2b |
| Mar 31 2025 | n/a | n/a | €2b |
| Dec 31 2024 | €8m | €2m | €2b |
| Sep 30 2024 | n/a | n/a | €1b |
| Jun 30 2024 | n/a | n/a | €1b |
| Mar 31 2024 | n/a | n/a | €1b |
| Dec 31 2023 | €7m | €2m | €1b |
| Sep 30 2023 | n/a | n/a | €1b |
| Jun 30 2023 | n/a | n/a | €1b |
| Mar 31 2023 | n/a | n/a | €990m |
| Dec 31 2022 | €5m | €2m | €933m |
| Sep 30 2022 | n/a | n/a | €927m |
| Jun 30 2022 | n/a | n/a | €907m |
| Mar 31 2022 | n/a | n/a | €864m |
| Dec 31 2021 | €6m | €500k | €831m |
Compensation vs Market: Benedetto's total compensation ($USD12.73M) is above average for companies of similar size in the Italian market ($USD4.23M).
Compensation vs Earnings: Benedetto's compensation has increased by more than 20% in the past year.
CEO
Benedetto Vigna (56 yo)
4.6yrs
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 | 10yrs | €2.49m | 0.024% € 12.2m | |
| CEO & Executive Director | 4.6yrs | €10.90m | 0.029% € 14.7m | |
| Head of Investor Relations | 10.8yrs | no data | no data | |
| General Counsel | 10.8yrs | no data | no data | |
| Chief Internal Audit | 2.3yrs | no data | no data | |
| Chief Communication Officer | less than a year | no data | no data | |
| Chief Marketing & Commercial Officer | 16yrs | no data | no data | |
| Chief Design Officer | 16.3yrs | no data | no data | |
| Chief Industrial Officer | less than a year | no data | no data | |
| Chief Product Development Officer | 4.3yrs | no data | no data | |
| Chief Purchasing & Quality Officer | 4.3yrs | no data | no data | |
| Chief Brand Officer | 3.6yrs | no data | no data |
4.4yrs
Average Tenure
56yo
Average Age
Experienced Management: RACE's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 10yrs | €2.49m | 0.024% € 12.2m | |
| CEO & Executive Director | 4.6yrs | €10.90m | 0.029% € 14.7m | |
| Independent Non-Executive Director | 6yrs | €78.29k | 0.000060% € 30.7k | |
| Independent Vice Chairman | 10.3yrs | €89.76k | 11.84% € 6.1b | |
| Independent Non Executive Director | 3yrs | €65.24k | 0.0047% € 2.4m | |
| Chairman of the Board & Senior Independent Non-Executive Director | 10.3yrs | €110.82k | no data | |
| Independent Non-Executive Director | 10yrs | €69.59k | 0.0018% € 901.2k | |
| Independent Non-Executive Director | 10yrs | €65.24k | 0.0017% € 850.0k | |
| Independent Non-Executive Director | 10yrs | €73.94k | no data | |
| Independent Non-Executive Director | 10.3yrs | €73.94k | 0.0017% € 865.3k | |
| Independent Non-Executive Director | 6yrs | €73.94k | no data | |
| Independent Non-Executive Director | 1yr | €45.51k | no data |
10.0yrs
Average Tenure
57.5yo
Average Age
Experienced Board: RACE's board of directors are seasoned and experienced ( 10 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/29 09:23 |
| End of Day Share Price | 2026/04/29 00:00 |
| Earnings | 2025/12/31 |
| 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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
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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 40 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 |
|---|---|
| Carmen Novel | Banca Akros S.p.A. (ESN) |
| Davide Zappa | Banca Akros S.p.A. (ESN) |
| Gianmarco Bonacina | Banca Akros S.p.A. (ESN) |