Ferrari
Market Cap
US$39.2b
Last Updated
2021/04/16 22:53 UTC
Data Sources
Company Financials +
Executive Summary
Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. More Details
Snowflake Analysis
Excellent balance sheet with moderate growth potential.
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
1.3%
RACE
5.7%
US Auto
1.3%
US Market
1 Year Return
31.4%
RACE
296.3%
US Auto
53.9%
US Market
Return vs Industry: RACE underperformed the US Auto industry which returned 306.3% over the past year.
Return vs Market: RACE underperformed the US Market which returned 57.5% over the past year.
Shareholder returns
| RACE | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 5.7% | 1.3% |
| 30 Day | 7.3% | 2.1% | 3.3% |
| 90 Day | 0.9% | -8.6% | 8.9% |
| 1 Year | 32.1%31.4% | 296.6%296.3% | 56.6%53.9% |
| 3 Year | 76.2%72.8% | 404.1%376.8% | 64.4%53.6% |
| 5 Year | 414.2%393.3% | 505.9%433.2% | 120.4%95.7% |
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
These 4 Measures Indicate That Ferrari (NYSE:RACE) Is Using Debt Reasonably Well3 weeks ago | Simply Wall St
Can Ferrari N.V.'s (NYSE:RACE) ROE Continue To Surpass The Industry Average?1 month ago | Simply Wall St
Should You Think About Buying Ferrari N.V. (NYSE:RACE) Now?Valuation
Is Ferrari undervalued compared to its fair value and its price relative to the market?
53.81x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RACE ($210.95) is trading above our estimate of fair value ($52.41)
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 (53.6x) compared to the US Auto industry average (36.5x).
PE vs Market: RACE is poor value based on its PE Ratio (53.6x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: RACE is poor value based on its PEG Ratio (3.1x)
Price to Book Ratio
PB vs Industry: RACE is overvalued based on its PB Ratio (18.2x) compared to the US Auto industry average (3.6x).
Future Growth
How is Ferrari forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
17.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RACE's forecast earnings growth (17.2% per year) is above the savings rate (2%).
Earnings vs Market: RACE's earnings (17.2% per year) are forecast to grow slower than the US market (18.4% per year).
High Growth Earnings: RACE's earnings are forecast to grow, but not significantly.
Revenue vs Market: RACE's revenue (13% per year) is forecast to grow faster than the US market (9.4% per year).
High Growth Revenue: RACE's revenue (13% 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 (37.2%)
Past Performance
How has Ferrari performed over the past 5 years?
14.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RACE has high quality earnings.
Growing Profit Margin: RACE's current net profit margins (17.6%) are lower than last year (18.5%).
Past Earnings Growth Analysis
Earnings Trend: RACE's earnings have grown by 14.2% 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 (-12.6%) over the past year, making it difficult to compare to the Auto industry average (-7.9%).
Return on Equity
High ROE: Whilst RACE's Return on Equity (34.03%) is high, this metric is skewed due to their high level of debt.
Financial Health
How is Ferrari's financial position?
Financial Position Analysis
Short Term Liabilities: RACE's short term assets (€3.1B) exceed its short term liabilities (€1.9B).
Long Term Liabilities: RACE's short term assets (€3.1B) exceed its long term liabilities (€2.6B).
Debt to Equity History and Analysis
Debt Level: RACE's debt to equity ratio (148.8%) is considered high.
Reducing Debt: RACE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: RACE's debt is well covered by operating cash flow (31.5%).
Interest Coverage: RACE's interest payments on its debt are well covered by EBIT (14.5x coverage).
Balance Sheet
Dividend
What is Ferrari current dividend yield, its reliability and sustainability?
0.49%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: RACE's dividend (0.49%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: RACE's dividend (0.49%) is low compared to the top 25% of dividend payers in the US market (3.48%).
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?
5.8yrs
Average management tenure
CEO
John Elkann (44 yo)
0.33
Tenure
€77,790
Compensation
Mr. John Jacob Philip Elkann is Executive Chairman of the Board at Stellantis N.V. since January 17, 2021. He had been an Executive Director of Fiat Chrysler Automobiles N.V. since December 1997. He had be...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD93.07K) is below average for companies of similar size in the US market ($USD11.02M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: RACE's management team is seasoned and experienced (5.8 years average tenure).
Board Members
Experienced Board: RACE's board of directors are considered experienced (5 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.
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$39.179b
- 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
Biography
Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; one-off an...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/16 22:53 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.