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.
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.
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.
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.
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.
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.
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.
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)
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
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..
Ferrari N.V. was recommended as a Top Pick by on . Read the latest stock experts ratings for Ferrari N.V..
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.
7 stock analysts on Stockchase covered Ferrari N.V. In the last year. It is a trending stock that is worth watching.
On 2024-03-27, Ferrari N.V. (RACE-N) stock closed at a price of $439.16.
The only car company he owns, because "it's not a car company, it's a luxury goods company". Two-year waiting list.