Ferrari N.V. (RACE) Stock

About Ferrari N.V.

Ferrari N.V. is a renowned automotive manufacturer primarily engaged in the creation, engineering, production, and sale of an exclusive range of high-performance luxury automobiles. Its extensive vehicle lineup features diverse models, including traditional sports cars, Grand Tourers (GTs), specialized series editions, ultra-exclusive limited-edition hypercars, bespoke one-off vehicles, track-specific designs, and its distinctive Icona series. Beyond car manufacturing, the company also supplies motorsport vehicles, essential components like spare parts and engines, and delivers comprehensive after-sales services such as vehicle repair, maintenance, and restoration. Expanding its brand influence, Ferrari N.V. strategically licenses its iconic marque to various producers and retailers of upscale lifestyle merchandise. This also extends to prominent leisure destinations, including the Ferrari World theme park in Abu Dhabi, UAE, and Ferrari Land Portaventura in Europe. The company further diversifies its operations by offering direct and indirect financing and leasing solutions to both individual customers and dealership partners. Additionally, Ferrari N.V. oversees the management of racetracks, curates and maintains two dedicated museums in Maranello and Modena, Italy, and markets its own collection of branded apparel and accessories through specialized monobrand boutiques. As of December 31, 2021, Ferrari's global retail presence comprised 30 branded stores, with 14 operating as franchised outlets and 16 as company-owned locations. Its products are also distributed globally through a network of 172 authorized dealers, collectively operating 191 sales points, and are available for purchase directly via its official e-commerce platform, store.ferrari.com. Established in 1947, Ferrari N.V. maintains its headquarters in Maranello, Italy.

Ferrari N.V. is led by CEO Benedetto Vigna, employs 5,465 people, headquartered in Maranello, IT, publicly traded since 2015.

Ferrari N.V. (RACE) stock trades at $385.69 with a market capitalization of $68.08B. The stock is valued at a price-to-earnings (P/E) ratio of 32.26, price-to-book of 13.18, price-to-sales of 6.94. Over the past 52 weeks the stock has ranged between $312.51 and $519.10, and currently trades 25.7% below its 52-week high. It pays a dividend yielding 1.27%.

On profitability, Ferrari N.V. generates a return on equity (ROE) of 41.97% — well above the market average, a sign of a high-quality business, return on capital employed of 53.58%, an operating margin of 29.35%, a net profit margin of 22.20%.

In its most recent fiscal year, Ferrari N.V. reported annual revenue of $7.1B, net profit of $1.6B, revenue has compounded at 15.6% a year over the last five years, profit at 21.3% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 0.72, a current ratio of 2.02, total assets of $9.6B, $1.5B in cash and equivalents.

RACE has an average daily trading volume of 590,806 shares, a beta of 0.59 (less volatile than the overall market).

Official website: www.ferrari.com