Ferrari Management
Management criteria checks 3/4
Ferrari's CEO is Benedetto Vigna, appointed in Sep 2021, has a tenure of 3.25 years. total yearly compensation is €6.69M, comprised of 22.4% salary and 77.6% bonuses, including company stock and options. directly owns 0.006% of the company’s shares, worth $4.76M. The average tenure of the management team and the board of directors is 6.4 years and 8.7 years respectively.
Key information
Benedetto Vigna
Chief executive officer
€6.7m
Total compensation
| CEO salary percentage | 22.4% |
| CEO tenure | 3.3yrs |
| CEO ownership | 0.006% |
| Management average tenure | 6.4yrs |
| Board average tenure | 8.7yrs |
Recent management updates
Recent updates
Ferrari: Unleashing 12Cilindri Coupe And Spider; Initiate With 'Buy'
Dec 15Ferrari: Debunking Misconceptions About A Disappointing Third Quarter
Dec 05Investors Interested In Ferrari N.V.'s (NYSE:RACE) Earnings
Nov 30
Returns on Capital Paint A Bright Future For Ferrari (NYSE:RACE)
Nov 18Capitalize On Rising Global Inequality With Ferrari Stock Ownership
Nov 12Does Ferrari (NYSE:RACE) Deserve A Spot On Your Watchlist?
Oct 28The Market Is All Revved Up About Ferrari Amid Its Sold-Out F80
Oct 19Is Now The Time To Look At Buying Ferrari N.V. (NYSE:RACE)?
Oct 03From Track To Ticker: Evaluating Ferrari And Lamborghini
Sep 24Ferrari: Low Cash Conversion Makes It Look Very Expensive
Sep 04Earnings Not Telling The Story For Ferrari N.V. (NYSE:RACE)
Aug 27Ferrari's High-Octane Valuation: A Luxury Ride Priced To Perfection
Aug 23Here's Why Ferrari (NYSE:RACE) Can Manage Its Debt Responsibly
Aug 15Ferrari: After Q2 Earnings Beat, Consensus Estimates Still Seem Low
Aug 04Ferrari N.V. Just Beat EPS By 11%: Here's What Analysts Think Will Happen Next
Aug 03Ferrari (NYSE:RACE) Is Very Good At Capital Allocation
Jul 23Ferrari: Quantitative Analysis Suggests The Stock Is Overvalued
Jul 23Ferrari: Leveraging Racing Success For Long-Term Growth
Jul 02We Ran A Stock Scan For Earnings Growth And Ferrari (NYSE:RACE) Passed With Ease
Jun 14Ferrari: I'm Waiting For A Better Valuation (Downgrade)
May 31Should You Investigate Ferrari N.V. (NYSE:RACE) At US$417?
May 21Ferrari N.V. (NYSE:RACE) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
May 09Ferrari: 98% Of Employees Chose To Be Shareholders, You Should Too
May 07Earnings Not Telling The Story For Ferrari N.V. (NYSE:RACE)
Apr 25Ensemble Capital - Ferrari: This Stock Has Been On A Tear
Apr 20Shareholders Would Enjoy A Repeat Of Ferrari's (NYSE:RACE) Recent Growth In Returns
Apr 13Ferrari: Valuation Isn't Attractive (Rating Downgrade)
Mar 30Ferrari: Why It Remains An Attractive Investment For The 2020s
Mar 08Ferrari (NYSE:RACE) Has A Rock Solid Balance Sheet
Mar 08Ferrari Q4: Blockbuster Dividend And 5-Year Profit High
Feb 26Here's Why Ferrari (NYSE:RACE) Has Caught The Eye Of Investors
Feb 23Ferrari: Digesting A Lewis Hamilton Bombshell And Another Earnings Beat
Feb 02There's Reason For Concern Over Ferrari N.V.'s (NYSE:RACE) Price
Jan 17Ferrari (NYSE:RACE) Is Reinvesting To Multiply In Value
Jan 05Ferrari: Outperformance Expected In 2024
Jan 04Is It Too Late To Consider Buying Ferrari N.V. (NYSE:RACE)?
Dec 24Ferrari: A Watchlist Candidate Now That A Double Top Has Formed
Dec 19Ferrari's Profit Mastery Unveiled: The Path To Unprecedented Growth
Nov 26Ferrari: Some Companies Deserve A 40x Multiple, But Beware Of Q4
Nov 08Ferrari Shifts Into High Gear, Accelerating Toward Increased Revenue
Oct 25To Own Ferrari, You Need Patience
Oct 02Ferrari: Great Business But A Hold At Current Valuations
Sep 20Ferrari: Lower Shipments, Higher Profits, Just Like Prescribed
Aug 18Ferrari Is A 'Thoroughbred' Compounder: Q2 Earnings Review
Aug 04Ferrari's Premium Valuation Explained
Jul 19Ferrari: Outlook Appears To Be Conservative
Jul 13Ferrari: Luxury Upside Still To Price In
Jun 08Ferrari Is A Cornerstone Of My Portfolio: Here Is Why
Feb 17Ferrari Non-GAAP EPS of €1.21 beats by €0.05, revenue of €1.39B beats by €110M
Feb 02Ferrari Stock Is Expensive Currently
Jan 14Ferrari extends partnership with EssilorLuxottica
Dec 15CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 ($USD6.94M) is below average for companies of similar size in the US market ($USD12.67M).
Compensation vs Earnings: Benedetto's compensation has increased by more than 20% in the past year.
CEO
Benedetto Vigna (55 yo)
3.3yrs
Tenure
€6,692,434
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 | 8.7yrs | €2.39m | 0.017% $ 13.2m | |
| CEO & Executive Director | 3.3yrs | €6.69m | 0.0063% $ 4.8m | |
| Chief Financial Officer | 6.4yrs | no data | no data | |
| Chief Technologies & Infrastructures Officer | 2.9yrs | no data | no data | |
| Head of Investor Relations | 9.4yrs | no data | no data | |
| General Counsel | 9.4yrs | no data | no data | |
| Chief Internal Audit | less than a year | no data | no data | |
| Chief Communications Officer | 1.7yrs | no data | no data | |
| Chief Marketing & Commercial Officer | 14.7yrs | no data | no data | |
| Chief Human Resources Officer | 8.7yrs | no data | no data | |
| Chief Design Officer | 14.9yrs | no data | no data | |
| Chief Manufacturing Officer | 2.9yrs | no data | no data |
6.4yrs
Average Tenure
55yo
Average Age
Experienced Management: RACE's management team is seasoned and experienced (6.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 8.7yrs | €2.39m | 0.017% $ 13.2m | |
| CEO & Executive Director | 3.3yrs | €6.69m | 0.0063% $ 4.8m | |
| Independent Non-Executive Director | 4.7yrs | €83.00k | 0.000060% $ 45.5k | |
| Independent Vice Chairman | 8.9yrs | €86.86k | 10.55% $ 8.0b | |
| Independent Non Executive Director | 1.7yrs | €49.51k | no data | |
| Chairman of the Board & Senior Independent Non-Executive Director | 8.9yrs | €110.67k | no data | |
| Independent Non-Executive Director | 8.7yrs | €73.78k | 0.0016% $ 1.2m | |
| Independent Non-Executive Director | 8.7yrs | €69.17k | 0.0015% $ 1.1m | |
| Independent Non-Executive Director | 8.7yrs | €78.39k | no data | |
| Independent Non-Executive Director | 8.9yrs | €78.39k | 0.0015% $ 1.1m | |
| Independent Non-Executive Director | 4.7yrs | €78.39k | no data |
8.7yrs
Average Tenure
58yo
Average Age
Experienced Board: RACE's board of directors are considered experienced (8.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 22:57 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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 here.
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 world class team 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 .
Analyst Sources
Ferrari N.V. is covered by 43 analysts. 21 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) |
| Gabriele Gambarova | Banca Akros S.p.A. (ESN) |
| Henning Cosman | Barclays |