Ferrari NV
9/18
Top Discussions
Tag #RACE and #dirtygreen on social media to join the discussion!
5/6
✅ EARNINGS: Ferrari has quality earnings with EPS at 7.6
✅ GROWING PROFIT: Ferarri has a growing net profit margins (21%) compared to last year (18.3%).
✅ GROWTH: Ferrari is expected to grow at 8.4% annually
✅ HIGH ROE: Ferrari has a high return on equity at 41%
✅ EARNINGS VS MARKET: RACE earnings grew over the past year at (34.3%) which exceeds the Auto industry 15%.
❌ REVENUE VS MARKET: RACE's revenue (6.9% per year) is forecast to grow slower than the US market (8.1% per year).
Company Financials
Impact
3/6
IMPACT - SUSTAINABILITY - GREEN
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✅ Ferrari on track to reach 1.5 degrees carbon reduction
Ferrari’s carbon footprint is 826 ktCO2e. It seeks to decarbonize by 3.24% by 2030.
2023 CO2eq emissions for Scope 1 and Scope 2 were 77,691 tCO2eq. This represents a 7% reduction from 2022.
❌ Ferarri’s stranded year is more than 2040
✅Ferrari’s energy use is above industry energy consumption target
2023 total energy consumption was 1,520 TJ. This represents a 4% reduction from 2022.
❌Ferrari’s DEI index score is below satisfactory
❌ Ferrari has had a recent labor / supply chain
✅ Ferrari actively contributes to community efforts
Stock Analysis
1/6
❌ DIVIDEND: Ferrari does not have a notable dividend at a current yield of 0.6%
❌ DIVIDEND PAYOUT: Ferrari does not have a stable dividend at a payout ratio of 35%
❌ DIVIDEND GROWTH: Dividend yields for RACE have not grown significantly
❌ FAIR VALUE: Ferrari is trading at above fair value above our estimate of fair value ($69.07)
✅ ANALYST RATING: Ferrari has a buy rating by most analysts
❌ P/E RATIO: Ferrari’s stock is trading at (55.2x) above the average P/E ratio (15.9xx)
About the company
Founded 1947
Employees 4988
CEO Benedetto Vigna
Website www.ferrari.com
Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.
In addition, the company operates Ferrari museums in Modena and Maranello; Il Cavallino restaurant in Maranello; and theme parks in Abu Dhabi and Spain. Further, it provides direct or indirect finance and leasing services to retail clients and dealers; manages racetracks; develops and sells a range of apparel and accessories; and operates franchised and owned Ferrari stores. The company also sells its products through a network of authorized dealers operating points of sale, as well as through its website. The company was founded in 1947 and is headquartered in Maranello, Italy.
