Ferrari N.V.

BIT:RACE Stock Report

Market Cap: €74.8b

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 (€416) is trading above our estimate of fair value (€39.52)

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?

Other financial metrics that can be useful for relative valuation.

RACE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12x
Enterprise Value/EBITDA37.4x
PEG Ratio7.2x

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 Average6.9x
STLAM Stellantis
2.6x1.2%€35.0b
BMW Bayerische Motoren Werke
4.6x0.6%€47.9b
P911 Dr. Ing. h.c. F. Porsche
13.9x10.9%€63.2b
7267 Honda Motor
6.5x1.9%JP¥7.4t
RACE Ferrari
53.6x7.5%€81.9b

Price-To-Earnings vs Peers: RACE is expensive based on its Price-To-Earnings Ratio (53.6x) compared to the peer average (6.9x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.6%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.6%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: RACE is expensive based on its Price-To-Earnings Ratio (53.6x) compared to the Global Auto industry average (13.8x).

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 Ratio54x
Fair PE Ratio14.4x

Price-To-Earnings vs Fair Ratio: RACE is expensive based on its Price-To-Earnings Ratio (53.6x) compared to the estimated Fair Price-To-Earnings Ratio (14.4x).

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
Current€416.00
€435.61
+4.7%
14.5%€541.56€281.01n/a14
Oct ’25€413.90
€435.61
+5.2%
14.5%€541.56€281.01n/a14
Sep ’25€447.20
€419.03
-6.3%
12.1%€476.42€281.01n/a14
Aug ’25€389.90
€408.91
+4.9%
12.0%€476.42€281.01n/a14
Jul ’25€382.20
€406.68
+6.4%
12.0%€476.42€281.01n/a14
Jun ’25€377.40
€401.93
+6.5%
12.5%€476.42€281.01n/a14
May ’25€387.20
€397.22
+2.6%
12.8%€481.74€280.09n/a14
Apr ’25€404.00
€376.17
-6.9%
11.4%€431.68€264.56n/a14
Mar ’25€392.30
€363.92
-7.2%
12.7%€426.17€264.56n/a14
Feb ’25€353.50
€345.13
-2.4%
11.0%€418.75€264.56n/a14
Jan ’25€305.20
€339.77
+11.3%
11.7%€415.01€256.08n/a14
Dec ’24€328.80
€332.64
+1.2%
12.8%€415.01€256.08n/a12
Nov ’24€287.20
€312.18
+8.7%
8.4%€347.05€257.86n/a11
Oct ’24€279.70
€308.88
+10.4%
9.4%€347.05€257.86€413.9011
Sep ’24€284.20
€306.41
+7.8%
9.6%€347.05€257.86€447.2011
Aug ’24€289.90
€297.61
+2.7%
11.9%€349.83€252.70€389.9010
Jul ’24€299.50
€276.68
-7.6%
16.1%€344.89€190.60€382.2010
Jun ’24€271.30
€276.51
+1.9%
16.2%€344.89€190.60€377.4010
May ’24€252.30
€264.60
+4.9%
15.0%€325.93€185.46€387.2010
Apr ’24€249.30
€256.31
+2.8%
18.0%€325.93€178.75€404.0010
Mar ’24€246.10
€255.62
+3.9%
18.9%€327.13€174.37€392.3011
Feb ’24€230.00
€235.59
+2.4%
15.3%€286.89€174.37€353.5011
Jan ’24€200.20
€234.61
+17.2%
17.9%€292.01€172.60€305.2011
Dec ’23€216.10
€232.95
+7.8%
18.8%€292.01€172.60€328.8010
Nov ’23€199.10
€236.70
+18.9%
20.0%€307.14€166.72€287.2010
Oct ’23€191.70
€238.52
+24.4%
21.1%€307.14€166.72€279.7010

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

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