Ferrari
Market Cap
US$38.9b
Last Updated
2021/01/20 00:41 UTC
Data Sources
Company Financials +
Executive Summary
Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. More Details
Snowflake Analysis
High growth potential with mediocre balance sheet.
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
Stable Share Price: RACE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: RACE's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-3.5%
RACE
-0.1%
US Auto
0.3%
US Market
1 Year Return
20.8%
RACE
339.2%
US Auto
21.1%
US Market
Return vs Industry: RACE underperformed the US Auto industry which returned 339.4% over the past year.
Return vs Market: RACE exceeded the US Market which returned 19.5% over the past year.
Shareholder returns
| RACE | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.5% | -0.1% | 0.3% |
| 30 Day | -6.8% | 20.4% | 3.3% |
| 90 Day | 10.8% | 87.6% | 14.2% |
| 1 Year | 21.5%20.8% | 342.1%339.2% | 23.8%21.1% |
| 3 Year | 80.4%76.9% | 377.2%346.7% | 45.0%35.4% |
| 5 Year | 429.2%407.7% | 679.8%571.5% | 127.7%102.3% |
Long-Term 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
1 week ago | Simply Wall St
Ferrari N.V. (NYSE:RACE) Insiders Have Been Selling3 weeks ago | Simply Wall St
Ferrari (NYSE:RACE) Takes On Some Risk With Its Use Of Debt1 month ago | Simply Wall St
Should You Be Excited About Ferrari N.V.'s (NYSE:RACE) 34% Return On Equity?Valuation
Is Ferrari undervalued compared to its fair value and its price relative to the market?
62.57x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RACE ($210.43) is trading above our estimate of fair value ($74.29)
Significantly Below Fair Value: RACE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RACE is poor value based on its PE Ratio (62.6x) compared to the US Auto industry average (56x).
PE vs Market: RACE is poor value based on its PE Ratio (62.6x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: RACE is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: RACE is overvalued based on its PB Ratio (21.1x) compared to the US Auto industry average (7.9x).
Next Steps
Future Growth
How is Ferrari forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
22.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RACE's forecast earnings growth (22.6% per year) is above the savings rate (2%).
Earnings vs Market: RACE's earnings (22.6% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: RACE's revenue (14.5% per year) is forecast to grow faster than the US market (10.3% per year).
High Growth Revenue: RACE's revenue (14.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RACE's Return on Equity is forecast to be high in 3 years time (36.6%)
Next Steps
Past Performance
How has Ferrari performed over the past 5 years?
16.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RACE has high quality earnings.
Growing Profit Margin: RACE's current net profit margins (15.5%) are lower than last year (19.5%).
Past Earnings Growth Analysis
Earnings Trend: RACE's earnings have grown by 16.3% per year over the past 5 years.
Accelerating Growth: RACE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RACE had negative earnings growth (-28.5%) over the past year, making it difficult to compare to the Auto industry average (-13.8%).
Return on Equity
High ROE: Whilst RACE's Return on Equity (33.69%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is Ferrari's financial position?
Financial Position Analysis
Short Term Liabilities: RACE's short term assets (€3.0B) exceed its short term liabilities (€927.3M).
Long Term Liabilities: RACE's short term assets (€3.0B) do not cover its long term liabilities (€3.6B).
Debt to Equity History and Analysis
Debt Level: RACE's debt to equity ratio (174.4%) is considered high.
Reducing Debt: RACE's debt to equity ratio has increased from 23.3% to 174.4% over the past 5 years.
Debt Coverage: RACE's debt is well covered by operating cash flow (29.6%).
Interest Coverage: RACE's interest payments on its debt are well covered by EBIT (17.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Ferrari current dividend yield, its reliability and sustainability?
0.65%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RACE's dividend (0.65%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: RACE's dividend (0.65%) is low compared to the top 25% of dividend payers in the US market (3.85%).
Stability and Growth of Payments
Stable Dividend: RACE is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: RACE is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: RACE is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RACE's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.5yrs
Average management tenure
CEO
John Elkann (44 yo)
0.083
Tenure
€223,586
Compensation
Mr. John Jacob Philip Elkann has been an Executive Director of Fiat Chrysler Automobiles N.V. since December 1997. He has been the Chairman of Fiat Chrysler Automobiles N.V., since October 13, 2014. He has...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD271.01K) is below average for companies of similar size in the US market ($USD10.55M).
Compensation vs Earnings: John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & Interim CEO | 0.083yr | €223.59k | 0.0083% € 3.2m | |
| Chief Financial Officer | 2.5yrs | no data | no data | |
| Chief Technology Officer | 7yrs | no data | no data | |
| Head of Investor Relations | 5.5yrs | no data | no data | |
| General Counsel | 5.5yrs | no data | no data | |
| Chief Communication Officer | 1.67yrs | no data | no data | |
| Chief Marketing & Commercial Officer | 10.75yrs | no data | no data | |
| Chief Human Resources Officer | 4.75yrs | no data | no data | |
| Chief Manufacturing Officer | 5.83yrs | no data | no data | |
| Chief Brand Diversification Officer | 10.83yrs | no data | no data | |
| Chief Design Officer | 11yrs | no data | no data | |
| Managing Director of Gestione Sportiva & Team Principal of Scuderia Ferrari Mission Winnow | 2yrs | no data | no data |
5.5yrs
Average Tenure
52yo
Average Age
Experienced Management: RACE's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & Interim CEO | 0.083yr | €223.59k | 0.0083% € 3.2m | |
| Non-Executive Director | 0.75yr | no data | no data | |
| Vice Chairman | no data | €83.47k | 10.23% € 4.0b | |
| Senior Independent Non-Executive Director | no data | €109.81k | no data | |
| Non-Executive Director | 4.75yrs | €67.08k | 0.0014% € 555.9k | |
| Non-Executive Director | 4.75yrs | €76.02k | no data | |
| Non-Executive Director | 5yrs | €73.54k | 0.0015% € 567.6k | |
| Non- Executive Director | 0.75yr | no data | no data | |
| Non-Executive Director | 4.75yrs | €67.08k | 0.0015% € 590.9k | |
| Non- Executive Director | 0.75yr | no data | no data |
3.6yrs
Average Tenure
57yo
Average Age
Experienced Board: RACE's board of directors are considered experienced (3.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Ferrari N.V.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ferrari N.V.
- Ticker: RACE
- Exchange: NYSE
- Founded: 1947
- Industry: Automobile Manufacturers
- Sector: Automobiles
- Market Cap: US$38.876b
- Shares outstanding: 184.75m
- Website: https://www.ferrari.com
Number of Employees
Location
- Ferrari N.V.
- Via Abetone Inferiore n. 4
- Maranello
- Modena
- 41053
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RACE | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Oct 2015 |
| 2FE | XTRA (XETRA Trading Platform) | Yes | Common Shares | DE | EUR | Oct 2015 |
| 2FE | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Oct 2015 |
| RACE | SWX (SIX Swiss Exchange) | Yes | Common Shares | CH | CHF | Oct 2015 |
| 0RDT | LSE (London Stock Exchange) | Yes | Common Shares | GB | EUR | Oct 2015 |
| RACE | BIT (Borsa Italiana) | Yes | Common Shares | IT | 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 |
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 | 2021/01/20 00:41 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.