Added to YB: 2024-10-11
Pitch date: 2024-10-09
RACE [bullish]
Ferrari N.V.
-18.62%
current return
Author Info
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Company Info
Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide.
Market Cap
EUR 62.5B
Pitch Price
EUR 451.15
Price Target
N/A
Dividend
0.85%
EV/EBITDA
26.80
P/E
39.25
EV/Sales
9.04
Sector
Automobiles
Category
growth
Show full summary:
Ferrari: Management Returns
RACE: Q3 EBITDA margin +90bps to 39.4% vs 38.5% LY, outperforming luxury peers. New 12Cilindri models exceed predecessors' orders, 20-25% higher base price. Geographic mix, customization & model portfolio remain key. Market expects 2024 guidance raise, but may disappoint if below expectations.
Read full article (2 min)