FERRARI N V

  • TickerRACEN
  • ISINNL0011585146
  • ExchangeMexican Stock Exchange
  • SectorAutomobiles & Parts
  • CountryNetherlands

Analysts

ValuEngine Rating and Forecast Report for RACE

ValuEngine Rating and Forecast Report for RACE

ValuEngine Rating and Forecast Report for RACE

ValuEngine Rating and Forecast Report for RACE

ValuEngine Rating and Forecast Report for RACE

ValuEngine Rating and Forecast Report for RACE

Clarisse Barret ...
  • Marnik Hinnekens

Credit Update - Ferrari – Achat (+)

Ferrari – Achat (+)NR / TP rating : BBB Ferrari continue d’afficher une solide progression de sa rentabilité avec une marge opérationnelle de 22,5% (+2,7 pts). Le groupe nous semble en ligne avec une solide note BBB.

Jean-Louis Sempé

INVEST SECURITIES - Ferrari : Des facteurs adverses aisément compensés - ACHAT ; OC : 123€ vs 133€

Cette publication T3 2018 montre que malgré la croissance volume (+10,6% pour les livraisons) et en dépit des impacts négatifs des changes, du mix (V8>V12 avec la fin de vie de Ferrari Aperta) et des ventes à Maserati (CA Moteurs T3 en recul de -20%) le groupe compense la faiblesse de sa croissance de CA publié (+0,3%) par une nette amélioration de sa marge d'EBITDA à 33,2% (31,8% au T3 2017). Les guidances 2018 sont réaffirmées et nos estimations 2018/20e inchangées. Notre valorisation mise à jour ressort à 123€ vs 133€. Notre Opinion ACHAT est maintenue avec une forte conviction sur le poten...

Richard Hilgert

Morningstar | Ferrari Posts Mixed 3Q Results; Management Confirms Guidance; EUR 62 FVE Maintained

Wide-moat-rated Ferrari, Formula 1 racer and maker of ultra-luxury and exotic sports cars, reported earnings per share before special items, or EPS, of EUR 0.77, missing the sell-side consensus of EUR 0.97 by EUR 0.20 but EUR 0.03 above the year-ago EPS result. Revenue was nearly flat, increasing just 0.3% to EUR 838 million while EBITDA rose 4.7% to EUR 278 million with a 40 basis point margin expansion to a healthy 33.2% versus the prior year, respectively. Excluding negative currency translation, revenue would have been 2.2% higher. We have consistently reminded investors that, like the ri...

Richard Hilgert

Morningstar | Ferrari Posts Mixed 3Q Results; Management Confirms Guidance; EUR 62 FVE Maintained

Wide-moat-rated Ferrari, Formula 1 racer and maker of ultra-luxury and exotic sports cars, reported earnings per share before special items, or EPS, of EUR 0.77, missing the sell-side consensus of EUR 0.97 by EUR 0.20 but EUR 0.03 above the year-ago EPS result. Revenue was nearly flat, increasing just 0.3% to EUR 838 million while EBITDA rose 4.7% to EUR 278 million with a 40 basis point margin expansion to a healthy 33.2% versus the prior year, respectively. Excluding negative currency translation, revenue would have been 2.2% higher. We have consistently reminded investors that, like the ri...

Richard Hilgert

Ferrari Posts Mixed 3Q Results; Management Confirms Guidance; EUR 62 FVE Maintained

Wide-moat-rated Ferrari, Formula 1 racer and maker of ultra-luxury and exotic sports cars, reported earnings per share before special items, or EPS, of EUR 0.77, missing the sell-side consensus of EUR 0.97 by EUR 0.20 but EUR 0.03 above the year-ago EPS result. Revenue was nearly flat, increasing just 0.3% to EUR 838 million while EBITDA rose 4.7% to EUR 278 million with a 40 basis point margin expansion to a healthy 33.2% versus the prior year, respectively. Excluding negative currency translat...

Richard Hilgert

Ferrari Posts Mixed 3Q Results; Management Confirms Guidance; EUR 62 FVE Maintained

Wide-moat-rated Ferrari, Formula 1 racer and maker of ultra-luxury and exotic sports cars, reported earnings per share before special items, or EPS, of EUR 0.77, missing the sell-side consensus of EUR 0.97 by EUR 0.20 but EUR 0.03 above the year-ago EPS result. Revenue was nearly flat, increasing just 0.3% to EUR 838 million while EBITDA rose 4.7% to EUR 278 million with a 40 basis point margin expansion to a healthy 33.2% versus the prior year, respectively. Excluding negative currency translat...

Four Directors sold 817 shares at 75.900USD.

Four Directors at Ferrari Nv sold 817 shares at 75.900USD. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

ValuEngine Rating and Forecast Report for RACE

ValuEngine Rating and Forecast Report for RACE

ValuEngine Rating and Forecast Report for RACE

ValuEngine Rating and Forecast Report for RACE

ValuEngine Rating and Forecast Report for RACE

ValuEngine Rating and Forecast Report for RACE

Zhen Deng

Signs of Growth and Margin Pressure

ValuEngine Rating and Forecast Report for RACE

ValuEngine Rating and Forecast Report for RACE

Expert Corporate Governance Service (ECGS)

FERRARI N V - Proxy report- 07/09/2018

The EGM (item 2) is called to ratify the appointment of Mr. Louis Camilleri as Group CEO, in place of Mr. Sergio Marchionne, who died on July 25. The positions of Chairman and CEO were formally separated after the death of Mr. Marchionne, through appointment of Mr. John Elkann (CEO of the controlling shareholder Exor) as nonexecutive Chairman. Senior Non-Executive Director of Ferrari since 2015, Mr. Camilleri is the former Chairman-CEO of Philip Morris International (2008-2013), which he joined in 1978 and where he still serves as non-executive Chairman. He also serves as a non-executive Dire...

Expert Corporate Governance Service (ECGS)

Proxy Report - 12/04/2018

We have serious concerns over the corporate governance of Ferrari, as it does not respect the "one share one vote" principle: all shareholders that have registered their shares for more than 3 years are entitled to receive an additional voting right. The major shareholders Exor (22.9% of the share capital and 32.8% of votes) and Mr. Piero Ferrari (9.7% of shares and 15.1% of votes) jointly hold 99.96% of special voting rights. We also have serious concerns over the composition of the Board, as the Chair and CEO positions are combined, the Senior Non-Executive Director is not independent accor...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 14/04/2017

We have serious concerns over the Company's corporate governance, as it does not respect the "one vote - -one share" principle: all shareholders that have registered their shares for more than 3 years are entitled to receive an additional voting right. Although the Bylaws provide that "the chairperson of the Board of Directors shall be a nonexecutive Director" (Art. 15.2), the Board appointed Mr. Marchionne as Chairman-CEO. Furthermore, the Board appointed a non-independent Director as Senior Non-Executive Director, who should be the reference point for shareholders who wish to express concern...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Matthieu DRIOL

Short term view - FERRARI NV : The recovery is a consolidation.

The trend is bearish. The recovery is a consolidation. The fall might resume toward €100.50. The background trend would be questioned should prices rise above €129.50.

Matthieu DRIOL

Analyse court terme - FERRARI NV : La reprise est une consolidation.

La tendance est baissière. La reprise est une consolidation. La baisse risque de reprendre jusqu'à 100,50 €. La tendance de fond serait remise en cause en cas de franchissement de 129,50 €.

Matthieu DRIOL

Short term view - FERRARI NV : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €100.50. The bearish trend would be challenged above €129.50.

Matthieu DRIOL

Analyse court terme - FERRARI NV : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 100,50 €. La tendance baissière serait remise en cause au-dessus de 129,50 €.

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