Ferrari NV (RACE) 📈: отчетность и дивиденды за 2025

Capitalization

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	LTM	Average for 5 years	CAGR 5
Capitalization, bln €	8.7	17.32	23.48	27.41	33.03	40.3	37.71	53.9	76.47	80.3
Revenue, bln €	3.11	3.42	3.42	3.77	3.46	4.27	5.1	5.97	6.68	6.68
Net profit, bln €	0.3988	0.5354	0.7847	0.6958	0.6078	0.8308	0.9326	1.25	1.52	1.52
EV, bln €	10.46	12.14	19.1	28.96	35.22	42.04	37.73	56.44	75.26	75.26
EBIT, bln €	0.6165	0.7798	0.827	0.9189	0.7173	1.08	1.2	1.63	1.93	1.93
EBITDA, bln €	0.8642	1.04	1.12	1.27	1.14	1.54	1.75	2.29	2.59	2.59
OIBDA, bln €	1.08	1.28	1.16	1.49	1.25	1.78	2.07	2.67	2.96	2.96
Book value, bln €	0.325	0.7787	1.35	1.48	1.79	2.21	2.59	3.06	3.53	3.53
FCF, bln €	0.6633	0.2714	0.2957	0.6005	0.1292	0.5456	0.5987	0.8477	0.9375	0.9375
Operating Cash Flow, bln €	1.01	0.6628	0.934	1.31	0.8382	1.28	1.4	1.72	1.93	1.93
Operating profit, bln €	0.6165	0.7798	0.827	0.9189	0.7173	1.08	1.23	1.63	1.89	1.89
Operating expenses, bln €	0.9089	0.9862	0.9704	1.04	1.04	1.12	1.2	1.34	1.46	1.46
CAPEX, bln €	0.342	0.3914	0.6383	0.7056	0.709	0.7371	0.8046	0.8689	0.9892	0.9892

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	Average for 5 quarters	CAGR 5
Capitalization, bln €	39.63	45.38	41.03	36.48	36.48	37.56	46.49	52.96	56.28	60.4
Revenue, bln €							1.43	1.47	1.54	1.52	1.58	1.71	1.64	1.74	1.79	1.79
Net profit, bln €							0.2955	0.3332	0.3298	0.2935	0.3514	0.4121	0.3742	0.3847	0.4116	0.4243
EV, bln €							47.73	52.64	50.84	56.33	74.08	72.89	77.26	75.03	72.14	76.3
EBIT, bln €							0.4193	0.4821	0.4354	0.3974	0.4477	0.5202	0.4764	0.4835	0.5386	0.5545
EBITDA, bln €							0.5711	0.6339	0.608	0.5834	0.6105	0.6786	0.6477	0.6578	0.6896	0.7111
OIBDA, bln €							0.6949	0.7828	0.7267	0.6629	0.707	0.7747	0.7435	0.7391	0.8293	0.8428
Book value, bln €							2.8	2.73	2.83	3.06	3.27	3.1	3.34	3.53	3.57	3.54
FCF, bln €							0.2435	0.0961	0.2963	0.2118	0.3101	0.0473	0.4863	0.2179	0.6231	0.1559
Operating Cash Flow, bln €							0.3935	0.2945	0.5011	0.5275	0.5047	0.3157	0.6112	0.495	0.8469	0.3949
Operating profit, bln €							0.4193	0.4821	0.4486	0.373	0.4479	0.5083	0.4699	0.466	0.5514	0.556
Operating expenses, bln €							0.3282	0.3072	0.3395	0.37	0.3551	0.3472	0.3474	0.405	0.3819	0.385
CAPEX, bln €							0.15	0.1984	0.2048	0.3157	0.1946	0.2684	0.1249	0.2771	0.2238	0.239

	Average for 5 quarters	CAGR 5

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	LTM	Average for 5 years	CAGR 5
Cash, bln €				0.4578	0.6477	0.7937	0.8979	1.36	1.34	1.39	1.12	1.74	1.74
Short-Term Investments €				0.0059	0.004	0.0034	0.002	0.0014	0.0019	0.0071	0.0056	0.0057	0.0057
Long-Term Investments €		0.0013	0.0013	0.022	0.03	0.0321	0.0387	0.0428	0.0545	0.0595	0.0677
Accounts Receivable €				1.06	0.9949	1.25	1.27	1.17	1.4	0.2324	1.79	2.08	2.08
Total Current Assets €				1.89	2.08	2.48	2.64	3.08	3.36	3.95	3.99	5.02	5.02
Net assets, bln €				0.5808	0.6535	0.6354	0.8683	0.8969	1.03	1.22	3.06	3.53	4.36
Assets, bln €				3.85	4.14	4.85	5.45	6.26	6.86	7.77	8.05	9.5	9.5
Short-Term Debt €	0.2968	0.4913	0.9194				0.4213	0.8892	0.5161	0.9794	0.7244		0.7409
Long-Term Debt €				1.85	1.81	1.93	2.03	2.66	2.57	2.75	2.4	3.23	3.23
Liabilities, bln €				3.52	3.36	3.5	3.96	4.47	4.65	5.16	4.98	5.95	5.95
Net debt, bln €				1.39	1.16	1.13	1.19	1.36	1.29	1.42	1.36	1.61	1.61
Debt, bln €				1.85	1.81	2.11	2.45	3.55	3.09	2.81	2.48	3.35	3.35
Interest Income €			0.0102	0.0027	0.0064	0.0021	0.0058	0.0011	0.0051	0.0046	0.0258
Interest Expense, bln €				0.0501	0.0357	0.026	0.0506	0.0502	0.0384	0.0542	0.0361	0.0468	0.0468
Net interest income, bln €			-0.0133	-0.0277	-0.0293	-0.0236	-0.0421	-0.0491	-0.0333	-0.0496	0.0052		0.0287
Goodwill €		0.7872	0.7872	0.7852	0.7852	0.7852	0.7852	0.7852	0.7852	0.7852	0.7852
Amortization, bln €				0.2477	0.2606	0.2887	0.3519	0.4266	0.456	0.5462	0.6623	0.6668	0.6668
Cost of production, bln €				1.58	1.65	1.62	1.81	1.69	2.08	2.65	3	3.33	3.33
Inventory €				0.324	0.3938	0.3911	0.4201	0.4606	0.5406	0.6747	0.9485	1.09	1.09

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	Average for 5 quarters	CAGR 5
Cash, bln €							1.44	1.11	1.01	1.12	1.37	1.33	1.53	1.74	1.91	1.52
Short-Term Investments €							0.0035	0.0035	0.0361	0.0056	0.0601	0.0511	0.0083	0.0057	0.0082	0.1434
Long-Term Investments €	0.049	0.0545	0.0575	0.0583	0.0588	0.0595	0.0637	0.0662	0.0656	0.0677
Accounts Receivable €							1.7	1.76	0.2994	0.5264	1.88	1.92	1.84	2.08	2.03	1.95
Total Current Assets €							4.19	4.05	3.96	3.99	4.5	4.59	4.62	5.02	5.29	4.95
Net assets, bln €					1.37	1.22	4.58		1.49		3.27	3.1	3.34	3.53	3.57	3.54
Assets, bln €							8.02	7.95	7.89	8.05	8.65	8.89	8.99	9.5	9.91	9.65
Short-Term Debt €						0.9794	0.0379	0.027	0.0407	0.7244	0.8093	1.2	1.25	1.33		1.25
Long-Term Debt €							2.64	2.61	2.46	2.4	2.51	1.83	1.74	3.23	3.16	1.81
Liabilities, bln €							5.21	5.22	5.05	4.98	5.37	5.78	5.64	5.95	6.34	6.1
Net debt, bln €							1.27	1.57	1.53	1.36	1.26	1.8	1.57	1.61	1.42	1.64
Debt, bln €							2.68	2.68	2.54	2.48	2.62	3.13	3.1	3.35	3.33	3.16
Interest Income €	0.0089	0.0226	0.0178	0.0274	0.0268	0.0674	0.0344	0.0451	0.0255	0.0791
Interest Expense, bln €							0.0386	0.0534	0.0234	0.005	0.0088	0.0115	0.0129	0.0135	0.0129	0.0123
Net interest income, bln €			-0.008	-0.0094	-0.0143	-0.0179	-0.0043	-0.0083	0.0021	0.0157	0.0077	0.0095
Goodwill €	0.7852	0.7852	0.7852	0.7852	0.7852	0.7852	0.7852	0.7852	0.7852	0.7852
Amortization, bln €							0.1518	0.1518	0.1726	0.1861	0.1628	0.1583	0.1713	0.1744	0.151	0.1566
Cost of production, bln €							0.711	0.7263	0.7787	0.78	0.7816	0.8566	0.8271	0.8642	0.8575	0.8466
Inventory €							0.7636	0.8988	0.8976	0.9485	0.993	1.08	1.03	1.09	1.09	1.13

	Average for 5 quarters	CAGR 5

Share

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Average for 5 years	CAGR 5
EPS	2.11	2.82	3.39	3.71	3.27	4.49	5.09	6.9	8.46		8.46
Share price		104.84	99.44	165.54	229.52	258.82	214.22	338.43	424.84	408.31	408.31
Number of shares, mln	189.02	189.76	189.08	186.16	185.25	184.19	183.07	181.51	179.99		179.99
FCF/share	3.51	1.43	1.56	3.23	0.6975	2.96	3.27	4.67	5.21		5.21

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	Average for 5 quarters	CAGR 5
EPS							1.62	1.83	1.82	1.62	1.95	2.29	2.08	2.14	2.3	2.38
Share price					199.38	206.1	255.4	291.36	310.42	333.89					433.98	472.66	473.17	408.31
Number of shares, mln	184.62	184.19	183.78	183.3	182.94	182.26	182.02	181.76	181.32	180.88
FCF/share							1.34	0.5285	1.63	1.17	1.72	0.2627	2.7	1.21	3.48	0.8738

	Average for 5 quarters	CAGR 5

Efficiency

IFRS

Reporting Annual Quarterly

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
ROE, %				122.7	68.76	58.18	46.97	34.05	37.66	38.87	40.9	43.06		46.15	20.57
ROA, %				10.36	12.93	16.17	12.78	9.71	12.1	12.75	15.55	16.02		17.34	16.05
ROIC, %			12.65	22.74	22.3	26.71	22.6	15.29	18.71	23.34	30.55			19.31	10.30
ROS, %					15.67	22.94	18.47	17.57	19.45	18.3	20.97	22.79	22.79	22.79	12.11
ROCE, %					99.48	61.09	61.78	40.09	48.87	17.94	53.16	54.4	54.4	54.4	23.27
EBIT margin					22.82	24.18	24.4	20.73	25.3	23.62	27.34	28.87	28.87	28.87	17.09
EBITDA margin					30.45	32.62	33.74	33.06	35.98	34.34	38.44	38.86	38.86	38.86	20.70
Net margin				12.84	15.67	22.94	18.47	17.57	19.45	18.3	20.97	22.79		22.79	12.11
Operational efficiency, %					22.82	24.18	24.4	20.73	25.3	24.18	27.3	28.34	28.27	28.27	15.83
Net interest margin, %	10.31	9.46	10.08	12.84	15.67	22.94	18.47	17.57	19.45					19.43	-6.60
FCF yield, %				7.63	1.57	1.26	2.19	0.3912	1.35	1.59	1.57	1.23		1.17	-41.50

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	Industry average	Average for 5 quarters	CAGR 5
ROE, %							10.55	12.95	12.29	13.72	10.73	13.29	11.21	10.89	11.53	11.98			20.57
ROA, %							3.68	4.17	4.16	3.68	4.06	4.64	4.16	4.05	4.15	4.4			16.05
ROIC, %					4.6	3.49	5.76	11.85	6.51	5.32		13.25	6.2	5.61		13.76			10.30
ROS, %									21.36	19.27	22.17	24.07	22.75	22.17	22.99	23.73	22.79	22.79	12.11
ROCE, %									6.39	6.42	13.65	16.74	14.24	13.64	15.07	15.63	54.4	54.4	23.27
EBIT margin									28.2	26.09	28.25	30.39	28.97	27.86	30.08	31.02	28.87	28.87	17.09
EBITDA margin									39.38	38.31	38.53	39.63	39.39	37.9	38.51	39.78	38.86	38.86	20.70
Net margin							20.68	22.61	21.36	19.27	22.17	24.07	22.75	22.17	22.99	23.73			12.11
Operational efficiency, %									29.05	24.49	28.26	29.69	28.58	26.85	30.79	31.1	28.27	28.27	15.83
FCF yield, %	0.543	0.2746	0.6876	-0.0285	0.5624	0.3244	0.5239	0.1814	0.5265	0.3507									-41.50

	Industry average	Average for 5 quarters	CAGR 5

Coefficients

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
P/E	21.81	32.34	29.93	39.39	54.35	48.5	38.93	43.99	48.39		48.39	44.20
P/BV	26.77	22.24	17.41	18.5	18.5	18.27	13.95	17.94	20.79		20.79	4.47
P/S	2.8	5.07	6.87	7.28	9.55	9.43	7.13	9.23	11.03		11.03	3.54
P/FCF		63.8	79.41	45.65	255.63	73.86	62.98	63.58	64.95	85.66	85.66	36.59
E/P		0.0309	0.0334	0.0254	0.0184	0.0206	0.0247	0.0232	0.0227	0.019	0.019	1.46
EV/EBIT		15.57	23.09	31.66	50.36	40.24	31.36	34.57	39.05	39.05	39.05	24.38
EV/EBITDA	25.19	18.1	15.66	22.79	30.79	27.36	21.57	24.6	29.01		29.01	19.07
EV/S		3.55	5.58	7.69	10.18	9.84	7.41	9.45	11.27	11.27	11.27	4.03
EV/FCF		44.74	64.59	48.23	272.58	77.06	63.02	66.58	80.28	80.28	80.28	33.76
Debt/EBITDA		1.8	1.73	1.93	3.1	2.01	1.61	1.08	1.29	1.29	1.29	2.64
Netdebt/EBITDA		1.11	1.02	0.9378	1.19	0.8368	0.8133	0.5906	0.6205	0.6205	0.6205	1.77
Debt/Ratio		0.81	0.72	0.4499	0.5672	0.4502	0.3621	0.3077	0.3529	0.3529	0.3529	0.44
Debt/Equity		4.31	2.59	1.65	1.99	1.4	1.08	0.8093	0.9485	1.68	1.68	0.36
Debt/Net Income		3.37	2.69	3.52	5.84	3.72	3.01	1.98	2.2	2.2	2.2	6.23
PEG										143.98	143.98	-326.17
Beta					0.93	0.94	0.98	0.816	-1.86	-2.11	-2.11	0.09
Altman Index		7.19	7.83	8.12	8.02	9.06	7.92	11	11.62	13.1	13.1	6.52

	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	Industry average	Average for 5 quarters	CAGR 5
P/E				170.85	157.3	47.65	41.95	44.05	55.86	51.4	53.03	48.38	44.86				44.20
P/BV				14.49	16.59	18.69	17.34	17.9	22.2	22.88	22.63	20.72	19.78				4.47
P/S				27.46	32.53	9.27	8.5	9.24	11.93	11.2	11.74	11.03	10.31				3.54
P/FCF		-3508.29	177.8	308.27	190.89	551.29	189.94	285.15						58.73	85.66	85.66	36.59
E/P		0.0068	0.0062	0.0059	0.0064	0.0063	0.0059	0.0049						0.0276	0.019	0.019	1.46
EV/EBIT							116.77	141.74	165.46	140.12	162.16	155.2	133.94	137.61	39.05	39.05	24.38
EV/EBITDA					83.56	25.44	22.95	23.42	121.34	107.42	119.28	114.06	104.61	107.3			19.07
EV/S							32.93	36.98	46.75	42.58	46.98	43.23	40.28	42.69	11.27	11.27	4.03
EV/FCF							171.56	265.94	238.86	1539.77	158.86	344.28	115.77	489.4	80.28	80.28	33.76
Debt/EBITDA							4.18	4.25	4.3	4.61	4.78	5.1	4.83	4.44	1.29	1.29	2.64
Netdebt/EBITDA							2.52	2.32	2.06	2.65	2.42	2.45	2.06	2.31	0.6205	0.6205	1.77
Debt/Ratio							0.322	0.3077	0.3033	0.352	0.3444	0.3529	0.3363	0.3272	0.3529	0.3529	0.44
Debt/Equity							0.8968	0.8093	0.801	1.01	0.9277	0.9485	0.934	0.8916	1.68	1.68	0.36
Debt/Net Income							7.71	8.44	7.46	7.59	8.27	8.71	8.1	7.44	2.2	2.2	6.23
PEG														30.64	31.41	143.98	-326.17
Beta													0.0239	0.5788	-0.271	-2.11	0.09
Altman Index	7.85	6.93	6.68	6.71	9.59		9.65						11.62	9.91	13.1	13.1	6.52

	Industry average	Average for 5 quarters	CAGR 5

Dividends

IFRS

Reporting Annual Quarterly

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
Dividend payout, bln	0.1113	0.0869	0.12	0.1331	0.1927	0.2081	0.1601	0.3286	0.4399			0.0394
Dividend			0.6889	0.8673	1.15	1.23	1.04	0.1936	1.71	2.24	5.65	5.65
Dividend yield, %			0.755	0.6983	0.7844	0.689	0.4767	0.7636	0.5235	0.4835	1.35	0.9756	1.17
Dividends / profit, %		21.79	22.41	16.96	27.69	34.24	19.27	26.76	26.25	28.91		28.91	21.41
Dividend coverage ratio		4.59	4.46	5.9	3.61	3.8	3.33	2.84	2.85		38.63	38.63	8.89

	2016Q2	2017Q2	2018Q2	2019Q2	2020Q2	2021Q2	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q2	2024Q3	2024Q4	2025Q2	2025Q3	2025Q4	Industry average	Average for 5 quarters	CAGR 5
Dividend payout, bln								0.0174	0.001	0.0199	0.3075	0.0199	0.0012	0.4135	0.0246	0.0018	0.4979
Dividend	0.5148	0.6889	0.8673	1.15	1.23	1.04	1.47				2
Dividend yield, %	1.21	0.8411	0.6598	0.8024	0.7623	0.5001	0.7384				0.685									1.17
Dividends / profit, %								7.7	0.4703	6.75	92.28	6.05	0.4143	100.34	6.57	0.4681	117.35			21.41
Dividend coverage ratio										14.81	1.08	16.53	241.37	0.9966	15.22	213.61	0.8521	38.63	38.63	8.89

	Industry average	Average for 5 quarters	CAGR 5

Other

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	LTM	CAGR 5
CAPEX/Revenue, %	11.01	11.46	18.66	18.73	20.49	17.26	15.79	14.55	14.82	14.82
Total Debt			0.7428	0.8046	0.7905
Staff, people						4 560	4 609	4 919	4 988

	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	CAGR 5
CAPEX/Revenue, %	10.5	13.46	13.26	20.73	12.28	15.68	7.59	15.96	12.5	13.37

	CAGR 5

Investing Port

Ferrari NV

Reporting Ferrari NV

Capitalization

Balance sheet

Share

Efficiency

Coefficients

Dividends

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