Ferrari N.V.
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
54.6049.5950.16
Price/Sales ratio
16.3915.3514.90
Earnings per Share (EPS)
$8.62$9.49$9.38

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
32.8429.0126.1530.8520.8439.6257.0950.5339.2244.3752.0220.84
Price/Sales ratio
3.102.923.354.834.787.3110.039.827.179.3011.504.78
Price/Book Value ratio
3.47-332.3632.0921.2112.1218.6119.4419.0314.1018.1522.3112.12
Price/Cash Flow ratio
20.1511.8010.3724.9217.5021.1041.4032.7226.0632.3638.0017.50
Price/Free Cash Flow ratio
89.3723.7615.7260.8755.3045.91268.5876.9461.0965.5379.8555.30
Price/Earnings Growth ratio
3.792.850.670.900.44-3.83-4.841.372.941.25-4.73-3.83
Dividend Yield
N/AN/A0.83%0.72%0.81%0.69%0.59%0.38%0.68%0.59%0.57%0.69%
Profitability Indicator Ratios
Gross Profit Margin
45.48%47.49%49.12%51.68%52.55%52.07%51.25%51.28%48.01%49.81%49.79%52.07%
Operating Profit Margin
14.35%15.95%19.85%22.82%24.18%24.39%20.73%25.30%24.17%27.09%27.78%24.18%
Pretax Profit Margin
14.41%15.21%18.27%21.83%23.47%23.24%19.27%24.40%23.11%26.83%27.53%23.47%
Net Profit Margin
9.46%10.08%12.84%15.66%22.94%18.47%17.56%19.45%18.30%20.97%22.14%22.14%
Effective Tax Rate
33.45%33.19%29.54%27.97%2.03%20.18%8.71%20.06%20.24%21.52%19.61%2.03%
Return on Assets
5.63%7.42%10.35%12.92%16.17%12.77%9.70%12.10%12.00%15.55%15.92%15.92%
Return On Equity
10.58%-1145.62%122.69%68.75%58.17%46.97%34.04%37.66%35.96%40.90%44.82%46.97%
Return on Capital Employed
11.59%20.26%19.68%22.75%20.12%19.79%13.10%18.40%18.37%24.63%29.21%20.12%
Liquidity Ratios
Current Ratio
N/A1.242.622.913.333.283.89N/AN/AN/A1.623.28
Quick Ratio
2.081.052.172.362.802.763.302.843.092.041.262.76
Cash ratio
0.100.110.630.901.061.111.721.351.310.750.531.11
Days of Sales Outstanding
24.2620.2228.6725.5722.5522.4219.4315.8116.6415.98103.8522.55
Days of Inventory outstanding
71.7471.9474.8687.0687.9584.9299.6994.8392.96115.56116.0087.95
Operating Cycle
96.0192.17103.54112.63110.51107.35119.13110.64109.61131.54219.86110.51
Days of Payables Outstanding
129.84123.58142.07134.31147.03143.85154.50139.96124.42113.3796.63143.85
Cash Conversion Cycle
-33.83-31.41-38.53-21.68-36.52-36.50-35.36-29.31-14.8018.16123.22-36.52
Debt Ratios
Debt Ratio
0.100.340.370.360.320.290.280.300.230.200.320.32
Debt Equity Ratio
0.20-53.524.451.911.161.091.000.930.690.540.881.09
Long-term Debt to Capitalization
0.001.010.810.650.530.520.500.480.400.350.340.52
Total Debt to Capitalization
0.171.010.810.650.530.520.500.480.400.350.470.52
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A14.53N/AN/AN/A54.35N/A
Cash Flow to Debt Ratio
0.830.520.690.440.590.800.460.610.781.020.660.59
Company Equity Multiplier
1.87-154.2511.845.313.593.673.503.112.992.632.693.67
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.150.240.320.190.270.340.240.300.270.280.300.27
Free Cash Flow / Operating Cash Flow Ratio
0.220.490.650.400.310.450.150.420.420.490.470.31
Cash Flow Coverage Ratio
0.830.520.690.440.590.800.460.610.781.020.660.59
Short Term Coverage Ratio
0.86186.76N/AN/AN/AN/AN/AN/AN/AN/A1.60N/A
Dividend Payout Ratio
N/AN/A21.79%22.41%16.96%27.68%34.23%19.27%26.75%26.24%1.80%27.68%