Investor Insights

This summary was created by AI, based on 6 opinions in the last 12 months.

Ferrari N.V., symbol RACE-N, is not just a car company but a luxury goods company with a two-year waiting list. Over 33% of owners buy more than one, and the company plans to launch a hybrid model and an EV. Limited production fuels their pricing power and competitive advantage, and the company expects double-digit earnings growth with a strong demand for their product. Overall, the company is fundamentally strong and backed up by solid numbers, with room for its valuation to contract over the intermediate term.

Consensus
Strong
Valuation
Fair Value
Similar
BMW,BMWYY
HOLD
Ferrari N.V.

The only car company he owns, because "it's not a car company, it's a luxury goods company". Two-year waiting list. 

Automotive
PAST TOP PICK
Ferrari N.V.
(A Top Pick Oct 27/22, Up 70%)

Over 33% of owners buy more than one. Can't get a new one till 2028. Hybrid model doing well. Plans for EV. Price rises every year. Customization is pure profit for the company. Not cheap. He plans to hold for a long time. More than a car company, it's a brand.

Automotive
BUY
Ferrari N.V.

Bought it last week. A leading luxry brand with profits like a software company. Limited production fuels their pricing power and competitive advantage. Trades at 4x profitable of a carmaker and 2x the consumer discretionary sector.

Automotive
BUY
Ferrari N.V.

Good long term investment.
Continues to own shares.
Happy with company fundamentals.
Expecting further growth going forward. 
Demand for product very strong.
Pricing power very strong - able to keep up with inflation. 
Expecting double digit earnings growth. 
Electric vehicle on the way. 

Automotive
BUY ON WEAKNESS
Ferrari N.V.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

RACE operates in a niche market, has artificial scarcity in sales volume, and has excellent brand loyalty. Its 5-year sales and earnings CAGR of 9.3% and 12.1%, respectively, are impressive, and the company has a good buyback program in place. Forward sales and earnings growth are expected to be strong and it has strong profit margins. Its valuation has become somewhat extended, with a forward sales multiple of 8.9X and a forward P/E of 45.1X. Free cash flows are good, and it has a nice cash balance of $1.5B. Its balance sheet is somewhat weak, with a small equity position and a high debt balance. Overall it's a fundamentally strong name, however, there is room for its valuation to contract and we would not be surprised by a pullback in price over the intermediate term. Generally, your investment is backed up by solid numbers, not just hype.

Automotive
BUY
Ferrari N.V.

Nothing wrong with the business. Number of cars sold and pricing increases each year. Launching an SUV and EVs. Stock's not cheap and it never will be. Quality persists. Adding for new clients.

Automotive
BUY
Ferrari N.V.

He has owned this for 3 or 4 years. The economy doesn't affect the super rich and there is a wait list for their cars. It is a high margin business and should double earnings in the next ten years.

Automotive
TOP PICK
Ferrari N.V.
Launched an SUV, sold out. Backlog for years. Cars actually go up in value, works of art. Great capital allocators, great free cashflow, high margins of 40%. Years of growth ahead, EV line coming out shortly. Yield is 0.74%. (Analysts’ price target is $216.25)
Automotive
WEAK BUY
Ferrari N.V.
Likes it, though a little volatile.
Automotive
PAST TOP PICK
Ferrari N.V.
(A Top Pick Jun 15/20, Up 21%) It was doing quite well and then pulled back after they announced delaying their 2022 targets for guidance by a year. The CEO retired and they hired a new one who has expertise in semiconductors and the market did not like that. You have to wait three years to get one of these cars. So it must be a pretty good business.
Automotive
COMMENT
Ferrari N.V.
Demand for high-end consumer goods will continue to be robust, especially in this low interest rate environment. People with money are looking for places to put it. He can't say specifically if this particular stock will increase because of it.
Automotive
BUY
Ferrari N.V.
One of the greatest luxury brands in the world. Eventually coming out with a luxury SUV to compete with Range Rover and Porsche, and this will be a hit. Crazy expensive, but you get what you pay for. Should double earnings over next 5 years. Hasn't even scratched surface in Asia. He's adding for new clients.
Automotive
TOP PICK
Ferrari N.V.
This is a durable business that will stand the test of time. It is a luxury goods company. You are buying a service and a lifestyle. They are adding a luxury SUV line. They are going to double their earnings over the next 5 years by adding more brands and an electric vehicle. (Analysts’ price target is $169.36)
Automotive
PAST TOP PICK
Ferrari N.V.
(A Top Pick Apr 23/18, Up 11%) Great pricing power in their cars. They boast a three-year waiting list. The gross margins are 80% when you personalize/customize your car, not to mention repairs. The company is adding more vehicles like SUV's and just raised their dividend by 45%. He will buy a lot more of this on dips.
Automotive
TOP PICK
Ferrari N.V.

He was late to this. They sell 9,000 cars a year and are expected to rise to 15,000. They're also developing e-cars and hybrids. They can increase prices and margins each year, and add anccillary services, like theme parks. An expensive PE but they should double earnings. Little debt, lots ot cash flow. He'd pay a higher valuation in a stock if he sees growth, like Ferrari. (Analysts' price target $130.41)

Automotive
Showing 1 to 15 of 16 entries

Ferrari N.V.(RACE-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 6

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 7

Stockchase rating for Ferrari N.V. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Ferrari N.V.(RACE-N) Frequently Asked Questions

What is Ferrari N.V. stock symbol?

Ferrari N.V. is a American stock, trading under the symbol RACE-N on the New York Stock Exchange (RACE). It is usually referred to as NYSE:RACE or RACE-N

Is Ferrari N.V. a buy or a sell?

In the last year, 7 stock analysts published opinions about RACE-N. 6 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Ferrari N.V..

Is Ferrari N.V. a good investment or a top pick?

Ferrari N.V. was recommended as a Top Pick by on . Read the latest stock experts ratings for Ferrari N.V..

Why is Ferrari N.V. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Ferrari N.V. worth watching?

7 stock analysts on Stockchase covered Ferrari N.V. In the last year. It is a trending stock that is worth watching.

What is Ferrari N.V. stock price?

On 2024-03-27, Ferrari N.V. (RACE-N) stock closed at a price of $439.16.