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Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 366.74 USD | -0.33% |
|
-6.55% | -13.51% |
| 05:40am | FERRARI : UBS gives a Buy rating | ZD |
| Dec. 11 | Milan Stock Exchange Edges Up Cautiously; Cucinelli Rises on 2025 Outlook, Banks Strong, Utilities Down | RE |
Projected Income Statement: Ferrari N.V.
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,460 | 4,271 | 5,095 | 5,970 | 6,677 | 7,127 | 7,637 | 8,151 |
| Change | - | 23.44% | 19.29% | 17.17% | 11.84% | 6.74% | 7.16% | 6.73% |
| EBITDA 1 | 1,143 | 1,531 | 1,773 | 2,279 | 2,555 | 2,745 | 2,976 | 3,218 |
| Change | - | 33.95% | 15.81% | 28.54% | 12.11% | 7.42% | 8.42% | 8.14% |
| EBIT 1 | 716 | 1,075 | 1,227 | 1,617 | 1,888 | 2,081 | 2,263 | 2,448 |
| Change | - | 50.14% | 14.14% | 31.78% | 16.76% | 10.2% | 8.78% | 8.17% |
| Interest Paid 1 | -49 | -33 | -49 | -15 | 1.205 | -32.14 | -13 | -9.667 |
| Earnings before Tax (EBT) 1 | 667 | 1,042 | 1,178 | 1,602 | 1,889 | 2,052 | 2,240 | 2,457 |
| Change | - | 56.22% | 13.03% | 36.02% | 17.92% | 8.61% | 9.17% | 9.71% |
| Net income 1 | 608 | 833 | 939 | 1,257 | 1,526 | 1,600 | 1,742 | 1,871 |
| Change | - | 37.01% | 12.73% | 33.87% | 21.4% | 4.88% | 8.85% | 7.43% |
| Announcement Date | 2/2/21 | 2/2/22 | 2/2/23 | 2/1/24 | 2/4/25 | - | - | - |
Forecast Balance Sheet: Ferrari N.V.
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,363 | 1,286 | 1,423 | 1,355 | 1,610 | 1,272 | 1,071 | 873 |
| Change | - | -5.65% | 10.65% | -4.78% | 18.82% | -20.99% | -15.8% | -18.49% |
| Announcement Date | 2/2/21 | 2/2/22 | 2/2/23 | 2/1/24 | 2/4/25 | - | - | - |
Cash Flow Forecast: Ferrari N.V.
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| CAPEX 1 | 709 | 737 | 806 | 869 | 989 | 929 | 934.3 | 962.7 |
| Change | - | 3.95% | 9.36% | 7.82% | 13.81% | -6.07% | 0.57% | 3.04% |
| Free Cash Flow (FCF) 1 | 172 | 546 | 597 | 848 | 938 | 1,376 | 1,471 | 1,680 |
| Change | - | 217.44% | 9.34% | 42.04% | 10.61% | 46.64% | 6.95% | 14.18% |
| Announcement Date | 2/2/21 | 2/2/22 | 2/2/23 | 2/1/24 | 2/4/25 | - | - | - |
Forecast Financial Ratios: Ferrari N.V.
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | 33.03% | 35.85% | 34.8% | 38.17% | 38.27% | 38.51% | 38.96% | 39.48% |
| EBIT Margin (%) | 20.69% | 25.17% | 24.08% | 27.09% | 28.28% | 29.19% | 29.64% | 30.03% |
| EBT Margin (%) | 19.28% | 24.4% | 23.12% | 26.83% | 28.29% | 28.79% | 29.33% | 30.14% |
| Net margin (%) | 17.57% | 19.5% | 18.43% | 21.06% | 22.85% | 22.46% | 22.81% | 22.96% |
| FCF margin (%) | 4.97% | 12.78% | 11.72% | 14.2% | 14.05% | 19.3% | 19.26% | 20.61% |
| FCF / Net Income (%) | 28.29% | 65.55% | 63.58% | 67.46% | 61.47% | 85.94% | 84.44% | 89.75% |
Profitability | ||||||||
| ROA | 9.12% | 12.69% | 12.75% | 15.83% | 17.34% | 16.11% | 15.73% | 15.1% |
| ROE | 32.7% | 41.74% | 38.87% | 44.29% | 46.15% | 41.31% | 39.13% | 37.66% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | 1.19x | 0.84x | 0.8x | 0.59x | 0.63x | 0.46x | 0.36x | 0.27x |
| Debt / Free cash flow | 7.92x | 2.36x | 2.38x | 1.6x | 1.72x | 0.92x | 0.73x | 0.52x |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 20.49% | 17.26% | 15.82% | 14.56% | 14.81% | 13.03% | 12.23% | 11.81% |
| CAPEX / EBITDA (%) | 62.03% | 48.14% | 45.46% | 38.13% | 38.71% | 33.85% | 31.4% | 29.92% |
| CAPEX / FCF (%) | 412.21% | 134.98% | 135.01% | 102.48% | 105.44% | 67.54% | 63.51% | 57.32% |
Items per share | ||||||||
| Cash flow per share 1 | 4.526 | 6.946 | 7.664 | 9.46 | 10.71 | 13.06 | 13.99 | 15.01 |
| Change | - | 53.46% | 10.34% | 23.43% | 13.18% | 21.99% | 7.09% | 7.29% |
| Dividend per Share 1 | 0.867 | 1.362 | - | 2.443 | 2.986 | 3.205 | 3.767 | 4.156 |
| Change | - | 57.09% | - | - | 22.23% | 7.34% | 17.53% | 10.31% |
| Book Value Per Share 1 | 9.66 | 12 | - | 16.86 | 19.63 | 22.19 | 25.03 | 28.24 |
| Change | - | 24.21% | - | - | 16.43% | 13.03% | 12.78% | 12.84% |
| EPS 1 | 3.28 | 4.5 | 5.09 | 6.9 | 8.46 | 8.933 | 9.797 | 10.63 |
| Change | - | 37.2% | 13.11% | 35.56% | 22.61% | 5.59% | 9.67% | 8.51% |
| Nbr of stocks (in thousands) | 184,748 | 183,843 | 181,953 | 180,418 | 179,044 | 177,301 | 177,301 | 177,301 |
| Announcement Date | 2/2/21 | 2/2/22 | 2/2/23 | 2/1/24 | 2/4/25 | - | - | - |
| 2025 * | 2026 * | |
|---|---|---|
| P/E ratio | 35.2x | 32.1x |
| PBR | 14.2x | 12.6x |
| EV / Sales | 8x | 7.44x |
| Yield | 1.02% | 1.2% |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
Trader
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
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Global
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Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quarterly revenue - Rate of surprise
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