Added to YB: 2024-05-02
Pitch date: 2024-04-28
RACE [bullish]
Ferrari N.V.
-11.69%
current return
Author Info
Top Corner Investing writes about businesses with competitive advantages that have outperformed the market for a number of years. Sign up for the newsletter.
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 415.71
Price Target
N/A
Dividend
0.85%
EV/EBITDA
26.80
P/E
39.25
EV/Sales
9.04
Sector
Automobiles
Category
growth
Ferrari N.V. – The Only True Luxury Car Company
RACE: Iconic luxury brand w/ pricing power & scarcity. FY23: €6.2B rev (+17% YoY), €1.7B EBIT (27% margin), €5.13 FCF/share. Investing heavily in R&D & intangibles, returning 85% FCF to shareholders. Risks: F1 performance, family control. Now at 52x FY24 EPS guide of €7.50.
Read full article (10 min)