RACE Stock Analysis: Ferrari | MI
Auto Manufacturers | MI, Italy | Market Cap: 60.267m EUR | 12M Return: -0.6% | NL0011585146 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 127M
EPS Trend: 94.2%
Qual. Beats: 1
Rev. Trend: 98.4%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 10.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Ferrari N.V. is an Italian luxury performance sports car manufacturer headquartered in Maranello, Italy, founded in 1947. The company designs, engineers, produces, and sells sports, track, road, and supercars globally, and complements its core automotive business with spare parts, engines, and after-sales services including repair, maintenance, and restoration.
Beyond vehicle sales, Ferrari operates a diversified brand-extension model. It licenses the Ferrari name to producers and retailers of luxury and lifestyle goods, runs Ferrari museums in Modena and Maranello, operates the Il Cavallino restaurant in Maranello, and manages theme parks in Abu Dhabi and Spain. The company also provides finance and leasing services and operates franchised and owned retail stores.
Ferrari trades on the Borsa Italiana (Milan exchange) under the ticker RACE, having listed in October 2015, and is classified within the Consumer Discretionary sector under the Automobile Manufacturers sub-industry. The brand-licensing and lifestyle segments are characteristic of premium luxury automakers, providing high-margin revenue streams that are less capital-intensive than vehicle production.
- Purosangue SUV and Icona models lift shipments and order book
- China luxury weakness pressures pricing and mix
- First electric Ferrari launch raises capex and margin uncertainty
| Net Income: 1.64b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA 1.05 > 1.0 |
| NWC/Revenue: 40.98% < 20% (prev 37.05%; Δ 3.93% < -1%) |
| CFO/TA 0.24 > 3% & CFO 2.41b > Net Income 1.64b |
| Net Debt (1.81b) to EBITDA (2.85b): 0.64 < 3 |
| Current Ratio: 2.37 > 1.5 & < 3 |
| Outstanding Shares: last quarter (176.4m) vs 12m ago 0.15% < -2% |
| Gross Margin: 51.62% > 18% (prev 51.20%; Δ 0.41% > 0.5%) |
| Asset Turnover: 74.04% > 50% (prev 72.10%; Δ 1.94% > 0%) |
| Interest Coverage Ratio: 51.54 > 6 (EBIT TTM 2.17b / Interest Expense TTM 42.2m) |
| A: 0.30 (Total Current Assets 5.22b - Total Current Liabilities 2.20b) / Total Assets 10.2b |
| B: 0.36 (Retained Earnings 3.64b / Total Assets 10.2b) |
| C: 0.22 (EBIT TTM 2.17b / Avg Total Assets 9.93b) |
| D: 0.56 (Book Value of Equity 3.66b / Total Liabilities 6.55b) |
| Altman-Z'' = 5.16 = AAA |
| DSRI: 1.11 (Receivables 2.28b/1.94b, Revenue 7.35b/6.96b) |
| GMI: 0.99 (GM 51.20% / 51.62%) |
| AQI: 0.99 (AQ_t 0.28 / AQ_t-1 0.28) |
| SGI: 1.06 (Revenue 7.35b / 6.96b) |
| TATA: -0.08 (NI 1.64b - CFO 2.41b) / TA 10.2b) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of October 11, 2026, the stock is trading at EUR 347.85 with a total of 324,386 shares traded. Over the past week, the price has changed by +1.27%, over one month by +0.53%, over three months by +6.23% and over the past year by -0.62%.
Current recommended Stop Loss: 329.10 (which is 5.4% or 2.5 ATR below the current price).
Ferrari has no consensus analysts rating.
P/E Trailing = 37.2264
P/E Forward = 32.8947
P/S = 8.196
P/B = 17.5157
P/EG = 3.5726
Revenue TTM = 7.35b EUR
EBIT TTM = 2.17b EUR
EBITDA TTM = 2.85b EUR
Long Term Debt = 2.10b EUR (from longTermDebt, last quarter)
Short Term Debt = 942.0m EUR (from shortTermDebt, last quarter)
Debt = 3.32b EUR (from shortLongTermDebtTotal, last quarter) + Leases 157.1m
Net Debt = 1.81b EUR (calculated: Debt 3.32b - CCE 1.51b)
Enterprise Value = 62.1b EUR (60.3b + Debt 3.32b - CCE 1.51b)
Interest Coverage Ratio = 51.54 (Ebit TTM 2.17b / Interest Expense TTM 42.2m)
EV/FCF = 37.01x (Enterprise Value 62.1b / FCF TTM 1.68b)
FCF Yield = 2.70% (FCF TTM 1.68b / Enterprise Value 62.1b)
FCF Margin = 22.81% (FCF TTM 1.68b / Revenue TTM 7.35b)
Net Margin = 22.27% (Net Income TTM 1.64b / Revenue TTM 7.35b)
Gross Margin = 51.62% ((Revenue TTM 7.35b - Cost of Revenue TTM 3.56b) / Revenue TTM)
Gross Margin QoQ = 52.59% (prev 51.83%)
Tobins Q-Ratio = 6.08 (Enterprise Value 62.1b / Total Assets 10.2b)
Interest Expense / Debt = 1.27% (Interest Expense 42.2m / Debt 3.32b)
Taxrate = 22.99% (489.4m / 2.13b)
NOPAT = 1.67b (EBIT 2.17b * (1 - 22.99%))
Current Ratio = 2.37 (Total Current Assets 5.22b / Total Current Liabilities 2.20b)
Debt / Equity = 0.91 (Debt 3.32b / totalStockholderEquity, last quarter 3.66b)
Debt / EBITDA = 0.64 (Net Debt 1.81b / EBITDA 2.85b)
Debt / FCF = 1.08 (Net Debt 1.81b / FCF TTM 1.68b)
Total Stockholder Equity = 3.85b (last 4 quarters mean from totalStockholderEquity)
RoA = 16.48% (Net Income 1.64b / Total Assets 10.2b)
RoE = 42.56% (Net Income TTM 1.64b / Total Stockholder Equity 3.85b)
RoCE = 36.56% (EBIT 2.17b / Capital Employed (Equity 3.85b + L.T.Debt 2.10b))
RoIC = 19.49% (NOPAT 1.67b / Invested Capital 8.59b)
WACC = 7.67% (E(60.3b)/V(63.6b) * Re(8.04%) + D(3.32b)/V(63.6b) * Rd(1.27%) * (1-Tc(0.23)))
Discount Rate = 8.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -66.45 | Cagr: -1.02%
[DCF] Terminal Value 77.67% ; FCFF base≈1.60b ; Y1≈1.80b ; Y5≈2.55b
[DCF] Fair Price = 208.9 (EV 38.5b - Net Debt 1.81b = Equity 36.6b / Shares 175.4m; r=8.35% [WACC [floored]]; 5y FCF grow 13.08% → 2.50% )
EPS Correlation: 94.17 | EPS CAGR: 13.34% | SUE: 0.90 | # QB: 1
Revenue Correlation: 98.39 | Revenue CAGR: 8.96% | SUE: 1.51 | # QB: 1
EPS current Quarter (2026-09-30): EPS=2.38 | Chg30d=-3.68% | Revisions=+40% | Analysts=5
EPS current Year (2026-12-31): EPS=9.85 | Chg30d=-0.04% | Revisions=+17% | GrowthEPS=+9.9% | GrowthRev=+6.9%
EPS next Year (2027-12-31): EPS=11.04 | Chg30d=+0.29% | Revisions=+61% | GrowthEPS=+12.0% | GrowthRev=+8.4%
[Analyst] Revisions Ratio: +61% (up=17, down=3)