FERRARI N.V.

RACE
Real-time Estimate Cboe BZX - 08:26 2022-12-08 am EST
220.15 USD +0.03%
Valuation
Fiscal Period: December 2021 2022
Capitalization1 41 85038 194
Enterprise Value (EV)1 43 13639 599
P/E ratio 50,6x42,0x
Yield 0,60%0,66%
Capitalization / Revenue 9,80x7,65x
EV / Revenue 10,1x7,93x
EV / EBITDA 28,2x22,6x
Price to Book 19,0x15,7x
Nbr of stocks (in thousands) 183 843182 088
Reference price (EUR) 228210
Announcement Date 02/02/2022-
Previous period Next period
1 EUR in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2021 2022
Net sales1 4 2714 995
EBITDA1 1 5311 752
Operating profit (EBIT)1 1 0751 206
Operating Margin 25,2%24,1%
Pre-Tax Profit (EBT)1 1 0421 172
Net income1 833929
Net margin 19,5%18,6%
EPS2 4,504,99
Dividend per Share2 1,361,38
Announcement Date 02/02/2022-
Previous period Next period
1 EUR in Million
2 EUR
Estimates
Finances - Leverage
Fiscal Period: December 2021 2022
Net Debt1 1 2861 405
Net Cash position1 --
Leverage (Debt / EBITDA) 0,84x0,80x
Free Cash Flow1 546656
ROE (Net Profit / Equities) 41,7%38,2%
Shareholders' equity1 1 9962 430
ROA (Net Profit / Asset) 12,7%12,9%
Assets1 6 5637 216
Book Value Per Share2 12,013,4
Cash Flow per Share2 6,957,93
Capex1 737793
Capex / Sales 17,3%15,9%
Announcement Date 02/02/2022-
Previous period Next period
1 EUR in Million
2 EUR
Estimates
Financial Ratios
Size 2022e 2023e
Capitalization 38 194 M € -
Enterprise Value (EV) 39 599 M € 39 389 M €
Valuation 2022e 2023e
P/E ratio (Price / EPS) 42,0x 34,4x
Capitalization / Revenue 7,65x 6,88x
EV / Revenue 7,93x 7,13x
EV / EBITDA 22,6x 19,1x
Yield (DPS / Price) 0,66% 0,88%
Price to book (Price / BVPS) 15,7x 13,4x
Profitability 2022e 2023e
Operating Margin (EBIT / Sales) 24,1% 26,6%
Operating Leverage (Delta EBIT / Delta Sales) 0,72x 1,99x
Net Margin (Net Profit / Revenue) 18,6% 20,2%
ROA (Net Profit / Asset) 12,9% 13,9%
ROE (Net Profit / Equities) 38,2% 38,7%
Rate of Dividend 27,6% 30,1%
Balance Sheet Analysis 2022e 2023e
CAPEX / Sales   15,9% 15,8%
Cash Flow / CA 28,9% 30,8%
Capital Intensity (Assets / Revenue) 1,44x 1,46x
Financial Leverage (Net Debt / EBITDA) 0,80x 0,58x
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend