Skip to Content

Ferrari NV - Stock Quote RACE

Rating as of

Morningstar's Ferrari NV Stock Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Ferrari Q1 Results on Track for Another Record Year, 2022 Guidance Unchanged; FVE Raised to EUR 154

Richard Hilgert Senior Equity Analyst

Analyst Note

| Richard Hilgert |

Wide-moat-rated Ferrari reported record first-quarter diluted EPS of EUR 1.29, EUR 0.18 better than the year-ago EPS and EUR 0.04 above the EUR 1.25 FactSet sell-side consensus. Record first-quarter revenue of EUR 1,186 million (beat consensus by 9 million) was 17% higher than the EUR 1,011 million reported last year as revenue from cars and spare parts as well as sponsorships and other increased 18% and 20%, respectively. Increased revenue was due to higher volume, improved mix and pricing, plus personalizations, partially offset by an 18% decline in engine revenue on reduced shipments to Maserati whose supply agreement ends in 2023.

Read Full Analysis

Ferrari NV's Company Profile

Business Description

Ferrari engineers and manufactures some of the world's most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients.

Contact
Via Abetone Inferiore n. 4
Maranello, I-41053, Italy
T +39 536949111
Sector Consumer Cyclical
Industry Auto Manufacturers
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 4,632

Ferrari NV's Related News