Ferrari reported 7% revenue and 12% operating profit growth in the third quarter, despite a 1% volume decline. FCF rose to EUR 567 million from EUR 396 million the year prior. Full-year guidance has been lifted again by personalization exceeding 21% and a stronger mix of special series cars.
Ferrari launches an Icona or supercar model every three to four years, coupled with a step change in pricing, supporting stable annual pricing growth.
Range extension is pushed too far. The differentiation between new models becomes thinner, and the overall exclusivity of the brand falls with too many Ferraris on the road. Pricing power is reduced.
Metric | RACE | MC | RMS |
|---|---|---|---|
Price/Earnings (Normalized) | 38.92 | 18.44 | 31.03 |
Price/Book Value | 16.77 | 2.96 | 7.50 |
Price/Sales | 8.83 | 2.55 | 8.87 |
Price/Cash Flow | 23.85 | 10.31 | 25.71 |
Metric | RACE | MC | RMS |
|---|---|---|---|
Quick Ratio | 1.40 | 0.66 | 3.63 |
Current Ratio | 1.89 | 1.63 | 4.54 |
Interest Coverage | 69.42 | 16.08 | 112.45 |
Metric | RACE | MC | RMS |
|---|---|---|---|
Return on Assets (Normalized) | 16.62% | 7.82% | 20.11% |
Return on Equity (Normalized) | 43.05% | 16.56% | 26.19% |
Return on Invested Capital (Normalized) | 24.44% | 10.96% | 22.60% |
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Tesla Inc TSLA | LOCK|l^QsTsC< | LOCK|z@fr | $1T | |||
| Toyota Motor Corp ADR TM | LOCK|D&>xV@B | LOCK|%%? | $250B | |||
| Ferrari NV RACE | LOCK|NQL^NxvT | LOCK|N$@ | $74B | |||
| General Motors Co GM | LOCK|B>My^# | LOCK|%dY | $73B | |||
| Ford Motor Co F | LOCK|!<qD<C< | LOCK|#B! | $50B | |||
| Honda Motor Co Ltd ADR HMC | LOCK|??>^F< | LOCK|?&j | $45B | |||
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| Rivian Automotive Inc Class A RIVN | LOCK|QTxR%# | LOCK|zh | $20B | |||
| Stellantis NV STLA | LOCK|<%QzpS! | LOCK|&?< | $17B |
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