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Ferrari NV
MIL:RACE

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Ferrari NV
MIL:RACE
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Price: 294.8 EUR -0.44%
Market Cap: €57.2B

EV/FCFF

40.8
Current
51%
Cheaper
vs 3-y average of 82.5

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
40.8
=
Enterprise Value
€58.7B
/
Free Cash Flow to Firm
€1.4B

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
40.8
=
Enterprise Value
€58.7B
/
Free Cash Flow to Firm
€1.4B

Valuation Scenarios

Ferrari NV is trading below its 3-year average

If EV/FCFF returns to its 3-Year Average (82.5), the stock would be worth €595.77 (102% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-53%
Maximum Upside
+102%
Average Upside
36%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 40.8 €294.8
0%
3-Year Average 82.5 €595.77
+102%
5-Year Average 76.3 €551.47
+87%
Industry Average 44.1 €318.68
+8%
Country Average 19.1 €138.33
-53%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
IT
Ferrari NV
MIL:RACE
57.4B EUR 40.8 35.6
US
Tesla Inc
NASDAQ:TSLA
1.4T USD 197.8 368.2
JP
Toyota Motor Corp
TSE:7203
40.6T JPY -867.8 11
CN
BYD Co Ltd
SZSE:002594
933.1B CNY -10.6 28.9
KR
Hyundai Motor Co
KRX:005380
137.6T KRW -14.9 14.6
DE
Mercedes Benz Group AG
MIL:MBG
75.3B EUR 12.9 4.9
DE
Daimler AG
XETRA:DAI
67.5B EUR 6.6 3.7
US
General Motors Co
NYSE:GM
70.5B USD 77.6 22.2
DE
Bayerische Motoren Werke AG
XETRA:BMW
48.1B EUR -34.8 6.6
DE
Mercedes-Benz Group AG
XETRA:MBG
47.4B EUR 10.6 9.2
DE
Volkswagen AG
XETRA:VOW
44.7B EUR -323.1 6.7
EV/FCFF Multiple
 
IT
Ferrari NV
MIL:RACE
Average EV/FCFF: 57.7
40.8
US
Tesla Inc
NASDAQ:TSLA
197.8
JP
Toyota Motor Corp
TSE:7203
Negative Multiple: -867.8
CN
BYD Co Ltd
SZSE:002594
Negative Multiple: -10.6
KR
Hyundai Motor Co
KRX:005380
Negative Multiple: -14.9
DE
Mercedes Benz Group AG
MIL:MBG
12.9
DE
Daimler AG
XETRA:DAI
6.6
US
General Motors Co
NYSE:GM
77.6
DE
Bayerische Motoren Werke AG
XETRA:BMW
Negative Multiple: -34.8
DE
Mercedes-Benz Group AG
XETRA:MBG
10.6
DE
Volkswagen AG
XETRA:VOW
Negative Multiple: -323.1

Market Distribution

Higher than 83% of companies in Italy
Percentile
83nd
Based on 642 companies
83nd percentile
40.8
Low
1.5 — 11.6
Typical Range
11.6 — 29.6
High
29.6 —
Distribution Statistics
Italy
Min 1.5
30th Percentile 11.6
Median 19.1
70th Percentile 29.6
Max 15 011.5

Ferrari NV
Glance View

Ferrari NV, grounded in the legendary Italian town of Maranello, is synonymous with luxury and performance, crafting automobiles that are more than just vehicles; they are pieces of art. Founded by Enzo Ferrari in 1939, the company has strived to combine passion with engineering prowess, producing cars that ignite the senses. Ferrari operates within the ultra-luxury segment of the automotive industry, targeting high-net-worth individuals and avid car collectors. Their offerings are meticulously designed and engineered, producing an aura of exclusivity that fuels a desire only matched by the limited availability of each model. Each masterpiece is assembled with precision and care, underscoring the brand's commitment to excellence and cementing its status as the pinnacle of automotive achievement. Financially, Ferrari derives its revenue from the sales of these opulent vehicles, which are priced substantially higher than those of standard manufacturers. Beyond automotive sales, Ferrari has adeptly monetized its brand through sponsorships, particularly in motorsports, where it has a formidable presence in Formula 1. Additionally, the company has ventured into brand-related activities, including merchandise and licensing, further capitalizing on its storied emblem. Ferrari’s strategic approach to balancing ideal production volumes with exclusivity ensures robust profitability while maintaining tight control over costs, thereby positioning itself not just as an automaker but as a purveyor of an elite lifestyle experience. Balancing its rich tradition with modern innovation, Ferrari NV continues to accelerate beyond the conventional road of automotive business to resonate deeply with enthusiasts and investors alike.

RACE Intrinsic Value
97.16 EUR
Overvaluation 67%
Intrinsic Value
Price €294.8
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