RACE - Ferrari N.V.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$469.25
DETAILS
HIGH:
$490.00
LOW:
$442.00
MEDIAN:
$472.50
CONSENSUS:
$469.25
UPSIDE:
7.49%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 7,145.8 | 6,676.7 | 5,970.1 | 5,095.3 | 4,270.9 | 3,459.8 | 3,766.6 | 3,420.3 | 3,416.9 | 3,105.1 | 2,854.4 | 2,762.4 | 2,335.3 | 2,225.2 |
| Cost of Revenue | 3,453.0 | 3,329.5 | 2,995.9 | 2,649.0 | 2,080.6 | 1,686.3 | 1,805.3 | 1,622.9 | 1,650.9 | 1,579.7 | 1,498.8 | 1,505.9 | 1,234.6 | 1,198.9 |
| Gross Profit | 3,692.8 | 3,347.2 | 2,974.3 | 2,446.3 | 2,190.3 | 1,773.5 | 1,961.3 | 1,797.4 | 1,766.0 | 1,525.4 | 1,355.6 | 1,256.5 | 1,100.6 | 1,026.3 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 918.9 | 894.1 | 881.6 | 775.6 | 768.1 | 707.4 | 699.2 | 643.0 | 657.1 | 613.6 | 561.6 | 540.8 | 479.3 | 431.5 |
| SG&A Expenses | 642.5 | 561.1 | 462.6 | 428.0 | 348.0 | 336.1 | 343.2 | 327.3 | 329.1 | 295.2 | 338.6 | 300.1 | 259.9 | 242.8 |
| Other Expenses | 34.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.6 | 21.1 | (18.3) | 17.8 | 15.2 | 29.1 |
| Operating Expenses | 1,595.7 | 1,455.2 | 1,344.1 | 1,203.5 | 1,116.1 | 1,043.5 | 1,042.4 | 970.4 | 991.8 | 930.0 | 883.6 | 858.7 | 754.4 | 703.4 |
| Operating Income | ||||||||||||||
| Operating Income | 2,097.1 | 1,891.9 | 1,630.1 | 1,242.8 | 1,074.2 | 730.0 | 918.9 | 827.0 | 774.3 | 595.4 | 471.9 | 397.7 | 346.2 | 323.0 |
| Interest Expense | 41.2 | 46.8 | 36.1 | 54.2 | 38.4 | 50.2 | 47.9 | 25.7 | 35.7 | 30.4 | 16.7 | 0 | 0 | 0.9 |
| Interest Income | 20.4 | 31.5 | 25.8 | 4.6 | 5.1 | 1.1 | 5.8 | 2.1 | 6.4 | 2.7 | 6.5 | 7.1 | 2.4 | 0 |
| Profitability | ||||||||||||||
| EBITDA | 2,766.7 | 2,594.3 | 2,294.6 | 1,772.0 | 1,529.7 | 1,139.2 | 1,271.7 | 1,114.7 | 939.5 | 740.5 | 610.7 | 561.7 | 516.2 | 475.1 |
| EBIT | 2,104.8 | 1,927.5 | 1,632.3 | 1,225.8 | 1,073.7 | 712.6 | 919.7 | 826.0 | 779.4 | 596.8 | 450.8 | 398.2 | 366.4 | 335.5 |
| Income Before Tax | 2,063.6 | 1,889.0 | 1,602.4 | 1,177.8 | 1,042.2 | 667.0 | 875.4 | 802.9 | 746.2 | 567.4 | 434.2 | 398.2 | 366.4 | 334.6 |
| Income Tax Expense | 464.1 | 363.0 | 344.9 | 238.5 | 209.1 | 58.2 | 176.7 | 16.3 | 208.8 | 167.6 | 144.1 | 133.2 | 120.3 | 101.1 |
| Net Income | 1,596.9 | 1,521.9 | 1,252.0 | 932.6 | 830.8 | 607.8 | 695.8 | 784.7 | 535.4 | 398.8 | 287.8 | 261.4 | 240.8 | 225.4 |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 8.96 | 8.47 | 6.91 | 5.10 | 4.50 | 3.29 | 3.73 | 4.16 | 2.83 | 2.11 | 1.52 | 1.38 | 1.27 | 1.19 |
| EPS (Diluted) | 8.96 | 8.46 | 6.90 | 5.09 | 4.50 | 3.28 | 3.71 | 4.14 | 2.82 | 2.11 | 1.52 | 1.38 | 1.27 | 1.19 |
| Shares Outstanding | 178.3 | 179.7 | 181.2 | 182.8 | 184.4 | 184.8 | 186.8 | 188.6 | 188.6 | 188.9 | 188.9 | 188.9 | 188.9 | 188.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||
| Cash & Cash Equivalents | 1,467.7 | 1,742.2 | 1,122.0 | 1,388.9 | 1,344.1 | 1,667.0 | 1,007.9 | 793.7 | 647.7 | 457.8 | 182.8 | 134.3 | 113.8 |
| Short-Term Investments | 4.4 | 5.7 | 5.6 | 7.1 | 1.9 | 47.3 | 10.6 | 3.4 | 4.0 | 5.9 | 8.6 | 0 | 0 |
| Net Receivables | 2,005.5 | 2,083.6 | 1,789.7 | 1,728.3 | 1,404.6 | 417.7 | 588.9 | 217.9 | 242.9 | 252.4 | 173.8 | 1,448.1 | 1,099.8 |
| Inventory | 1,113.9 | 1,088.2 | 948.5 | 674.7 | 540.6 | 563.6 | 471.5 | 391.1 | 393.8 | 324.0 | 295.4 | 296.0 | 237.5 |
| Other Current Assets | 232.9 | 36.3 | 66.4 | 110.7 | 36.4 | 78.9 | 71.3 | 14.9 | 11.7 | 10.4 | 5.1 | 8.7 | 74.8 |
| Total Current Assets | 4,824.4 | 5,019.9 | 3,986.0 | 3,952.5 | 3,363.7 | 2,822.0 | 2,194.9 | 2,477.3 | 2,081.1 | 1,887.5 | 2,019.8 | 2,844.7 | 2,218.9 |
| Non-Current Assets | |||||||||||||
| Property, Plant & Equipment | 2,057.9 | 1,828.8 | 1,575.2 | 1,457.8 | 1,353.2 | 1,500.8 | 1,200.7 | 850.5 | 710.3 | 669.3 | 626.1 | 585.2 | 567.8 |
| Goodwill | 785.2 | 785.2 | 785.2 | 785.2 | 785.2 | 960.7 | 881.4 | 785.2 | 785.2 | 785.2 | 787.2 | 787.2 | 787.2 |
| Intangible Assets | 1,638.5 | 1,545.7 | 1,419.7 | 1,307.4 | 1,138.2 | 1,198.2 | 940.6 | 645.8 | 440.5 | 354.4 | 307.8 | 265.3 | 242.2 |
| Long-Term Investments | 96.4 | 80.8 | 67.7 | 59.5 | 54.5 | 1,063.7 | 877.5 | 32.1 | 30.0 | 22.0 | 1.0 | 1.3 | 1.3 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.0 | 10.9 | 46.1 | 36.6 |
| Total Non-Current Assets | 4,804.0 | 4,477.2 | 4,065.3 | 3,813.3 | 3,499.8 | 4,840.0 | 3,918.6 | 2,374.4 | 2,060.0 | 1,962.2 | 1,855.6 | 1,796.8 | 1,676.6 |
| Total Assets | 9,628.4 | 9,497.1 | 8,051.3 | 7,765.8 | 6,863.5 | 7,661.9 | 6,113.5 | 4,851.7 | 4,141.1 | 3,849.6 | 3,875.4 | 4,641.4 | 3,895.5 |
| Current Liabilities | |||||||||||||
| Account Payables | 841.3 | 945.7 | 930.6 | 903.0 | 797.8 | 873.4 | 798.7 | 653.8 | 607.5 | 614.9 | 507.5 | 535.7 | 485.9 |
| Short-Term Debt | 931.0 | 0 | 0 | 0 | 0 | 1,088.0 | 472.9 | 0 | 0 | 399.9 | 919.4 | 491.3 | 296.8 |
| Deferred Revenue | 424.6 | 335.5 | 295.7 | 270.4 | 256.2 | 0 | 0 | (352.4) | (306.0) | (399.9) | 125.2 | 109.5 | 103.9 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 102.8 | 119.3 | 327.3 | 130.5 | (28.4) | 179.0 | 257.1 | 102.3 |
| Total Current Liabilities | 2,389.8 | 1,491.0 | 1,486.6 | 1,412.7 | 1,326.1 | 2,145.4 | 1,430.7 | 742.8 | 713.7 | 717.9 | 1,628.7 | 1,222.2 | 917.7 |
| Non-Current Liabilities | |||||||||||||
| Long-Term Debt | 1,791.1 | 3,225.6 | 2,404.1 | 2,754.4 | 2,573.8 | 2,189.7 | 1,827.6 | 1,574.8 | 1,500.2 | 1,448.2 | 1,341.0 | 18.9 | 20.5 |
| Deferred Tax Liabilities | 254.4 | 110.0 | 136.8 | 126.5 | 96.0 | 117.7 | 92.3 | 39.1 | 11.0 | 13.1 | 23.3 | 21.6 | 28.0 |
| Other Non-Current Liabilities | 1,147.5 | 1,001.0 | 584.4 | 542.0 | 343.8 | 632.5 | 739.1 | 327.3 | 492.0 | 608.1 | 388.5 | 356.1 | 223.1 |
| Total Non-Current Liabilities | 3,323.8 | 4,462.9 | 3,494.1 | 3,750.6 | 3,326.0 | 3,327.4 | 3,013.4 | 2,755.1 | 2,643.5 | 2,801.9 | 2,266.1 | 940.9 | 661.5 |
| Total Liabilities | 5,713.6 | 5,953.9 | 4,980.7 | 5,163.3 | 4,652.1 | 5,472.7 | 4,444.1 | 3,497.9 | 3,357.2 | 3,519.8 | 3,894.8 | 2,163.1 | 1,579.2 |
| Stockholders' Equity | |||||||||||||
| Common Stock | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 3.1 | 2.9 | 2.5 | 2.5 | 2.5 | 3.8 | 3.8 | 3.8 |
| Retained Earnings | (5,057.0) | 3,518.3 | 2,993.4 | 2,499.8 | 2,192.5 | (5,684.4) | (5,391.1) | 1,319.5 | 746.3 | 302.3 | (12.1) | 2,503.6 | 2,242.3 |
| Accumulated Other Comprehensive Income | 3,192.8 | 13.1 | 64.9 | 90.5 | 10.9 | 807.4 | 575.8 | 26.7 | 29.8 | 20.2 | (16.8) | (37.8) | 43.4 |
| Total Stockholders' Equity | 3,906.9 | 3,533.9 | 3,060.9 | 2,592.9 | 2,205.9 | 2,184.3 | 1,662.7 | 1,348.7 | 778.7 | 325.0 | (25.1) | 2,469.6 | 2,289.5 |
| Total Liabilities & Equity | 9,628.4 | 9,497.1 | 8,051.3 | 7,765.8 | 6,863.5 | 7,661.9 | 6,113.5 | 4,851.7 | 4,141.1 | 3,849.6 | 3,875.4 | 4,641.4 | 3,895.5 |
| Debt Metrics | |||||||||||||
| Total Debt | 2,884.2 | 3,351.9 | 2,477.2 | 2,811.8 | 2,630.0 | 3,333.9 | 2,345.7 | 1,927.2 | 1,806.2 | 1,848.0 | 2,260.4 | 510.2 | 317.3 |
| Net Debt | 1,416.5 | 1,609.7 | 1,355.2 | 1,422.9 | 1,285.9 | 1,666.9 | 1,337.8 | 1,133.5 | 1,158.5 | 1,390.3 | 2,077.6 | 375.9 | 203.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Net Income | 2,818.0 | 1,525.9 | 1,252.0 | 939.3 | 833.1 | 667.0 | 695.8 | 802.9 | 746.2 | 567.4 | 434.2 | 398.2 | 366.4 | 334.6 |
| Depreciation & Amortization | 1,137.0 | 666.8 | 662.3 | 546.2 | 456.0 | 426.6 | 351.9 | 288.7 | 260.6 | 247.7 | 274.8 | 289.0 | 270.2 | 237.5 |
| Stock-Based Compensation | 5.8 | 0 | 0 | 0 | 0 | 0 | 17.5 | 22.5 | 28.6 | 1.1 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (147.7) | (382.6) | (358.3) | (146.2) | (159.6) | (221.4) | 5.8 | (127.8) | (177.8) | 395.8 | 63.2 | (239.1) | (98.5) | (53.1) |
| Other Non-Cash Items | 130.3 | (246.5) | (184.3) | (174.5) | (55.9) | (34.0) | 235 | (29.9) | (166.1) | (205.6) | (64.9) | (22.0) | (84.1) | (56.5) |
| Operating Cash Flow | 4,179.5 | 1,926.7 | 1,716.6 | 1,403.3 | 1,282.7 | 838.2 | 1,306.1 | 934.0 | 662.8 | 1,005.3 | 707.3 | 426.1 | 454.0 | 462.5 |
| Investing Activities | ||||||||||||||
| Capital Expenditure | (1,521.7) | (989.2) | (868.9) | (804.6) | (737.1) | (709.0) | (352.2) | (638.3) | (391.4) | (342.0) | (355.9) | (330.0) | (270.9) | (258.4) |
| Acquisitions | (1.4) | 2.0 | 0 | (1.4) | 0 | 0 | 0 | 1.4 | 3.7 | 18.6 | 0 | 38.8 | 0 | 0 |
| Purchases of Investments | (0.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.3 | 18.6 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (805.6) | (506.9) | (484.7) | (456.3) | (380.4) | (351.0) | (348.9) | 1.4 | 3.7 | 2.9 | 38.9 | 40.2 | 3.6 | 0.7 |
| Investing Cash Flow | (1,637.5) | (987.1) | (866.5) | (805.4) | (732.7) | (708.0) | (701.1) | (636.9) | (379.4) | (320.5) | (317.1) | (289.8) | (267.3) | (257.6) |
| Financing Activities | ||||||||||||||
| Net Debt Issuance | (705.8) | 701.0 | (315.3) | 94.8 | (187.3) | 680.5 | 80.0 | 83.1 | 36.1 | (308.3) | (1,102.9) | (106.6) | (163.5) | (260.1) |
| Stock Repurchased | (1,341.4) | (581.1) | (460.6) | (396.5) | (230.9) | (129.8) | (386.7) | (100.1) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (1,063.9) | (439.9) | (328.6) | (249.5) | (160.1) | (208.1) | (192.7) | (133.1) | (120.0) | (86.9) | 0 | 0 | 0 | 0 |
| Other Financing Activities | (4.4) | (4.8) | (4.9) | (2.3) | (1.4) | (2.9) | (2.1) | (2.0) | (1.2) | (17.2) | 751.6 | (15.1) | 0 | 65.7 |
| Financing Cash Flow | (3,115.5) | (324.8) | (1,109.4) | (553.6) | (579.7) | 339.7 | (501.5) | (152.1) | (85.1) | (411.0) | (351.3) | (121.6) | (163.5) | (194.4) |
| Cash Position | ||||||||||||||
| Net Change in Cash | (598.1) | 620.2 | (266.9) | 44.8 | (18.3) | 464.5 | 104.3 | 146.0 | 189.9 | 275.0 | 48.5 | 20.5 | 13.7 | 6.0 |
| Cash at Beginning | 2,065.8 | 1,122.0 | 1,388.9 | 1,344.1 | 1,362.4 | 897.9 | 793.7 | 647.7 | 457.8 | 182.8 | 134.3 | 113.8 | 100.1 | 94.0 |
| Cash at End | 1,467.7 | 1,742.2 | 1,122.0 | 1,388.9 | 1,344.1 | 1,362.4 | 897.9 | 793.7 | 647.7 | 457.8 | 182.8 | 134.3 | 113.8 | 100.1 |
| Free Cash Flow | 2,657.8 | 937.5 | 847.7 | 598.7 | 545.6 | 129.2 | 953.9 | 295.7 | 271.4 | 663.3 | 351.3 | 96.1 | 183.1 | 204.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 7,145.8 | 6,676.7 | 5,970.1 | 5,095.3 | 4,270.9 | 3,459.8 | 3,766.6 | 3,420.3 | 3,416.9 | 3,105.1 | 2,854.4 | 2,762.4 | 2,335.3 | 2,225.2 |
| Gross Profit | 3,692.8 | 3,347.2 | 2,974.3 | 2,446.3 | 2,190.3 | 1,773.5 | 1,961.3 | 1,797.4 | 1,766.0 | 1,525.4 | 1,355.6 | 1,256.5 | 1,100.6 | 1,026.3 |
| Operating Income | 2,097.1 | 1,891.9 | 1,630.1 | 1,242.8 | 1,074.2 | 730.0 | 918.9 | 827.0 | 774.3 | 595.4 | 471.9 | 397.7 | 346.2 | 323.0 |
| Net Income | 1,596.9 | 1,521.9 | 1,252.0 | 932.6 | 830.8 | 607.8 | 695.8 | 784.7 | 535.4 | 398.8 | 287.8 | 261.4 | 240.8 | 225.4 |
| EPS (Diluted) | 8.96 | 8.46 | 6.90 | 5.09 | 4.50 | 3.28 | 3.71 | 4.14 | 2.82 | 2.11 | 1.52 | 1.38 | 1.27 | 1.19 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 1,467.7 | 1,742.2 | 1,122.0 | 1,388.9 | 1,344.1 | 1,667.0 | 1,007.9 | 793.7 | 647.7 | 457.8 | 182.8 | 134.3 | 113.8 | |
| Total Assets | 9,628.4 | 9,497.1 | 8,051.3 | 7,765.8 | 6,863.5 | 7,661.9 | 6,113.5 | 4,851.7 | 4,141.1 | 3,849.6 | 3,875.4 | 4,641.4 | 3,895.5 | |
| Total Debt | 2,884.2 | 3,351.9 | 2,477.2 | 2,811.8 | 2,630.0 | 3,333.9 | 2,345.7 | 1,927.2 | 1,806.2 | 1,848.0 | 2,260.4 | 510.2 | 317.3 | |
| Stockholders' Equity | 3,906.9 | 3,533.9 | 3,060.9 | 2,592.9 | 2,205.9 | 2,184.3 | 1,662.7 | 1,348.7 | 778.7 | 325.0 | (25.1) | 2,469.6 | 2,289.5 | |
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 4,179.5 | 1,926.7 | 1,716.6 | 1,403.3 | 1,282.7 | 838.2 | 1,306.1 | 934.0 | 662.8 | 1,005.3 | 707.3 | 426.1 | 454.0 | 462.5 |
| Capital Expenditure | (1,521.7) | (989.2) | (868.9) | (804.6) | (737.1) | (709.0) | (352.2) | (638.3) | (391.4) | (342.0) | (355.9) | (330.0) | (270.9) | (258.4) |
| Free Cash Flow | 2,657.8 | 937.5 | 847.7 | 598.7 | 545.6 | 129.2 | 953.9 | 295.7 | 271.4 | 663.3 | 351.3 | 96.1 | 183.1 | 204.2 |