FERRARI N V

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

Analysts

Matthieu DRIOL

Analyse court terme - FERRARI NV : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 100,50 €, puis 94,54 €. Le franchissement de 129,50 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - FERRARI NV : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €100.50, then €94.54. Passing €129.50 would question the continuation of the fall.

FERRARI NV sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of FERRARI NV (IT), active in the Automobiles industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date October 12, 2018, the closing price was USD 100.55 and its target price was estimated at USD 95.52.

Valérie GASTALDY
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.

Gabriele Gambarova

FERRARI - The CMD revealed a back-loaded plan for 2018-22

Jean-Louis Sempé

INVEST SECURITIES - Ferrari : Impressionnante démonstration - ACHAT, OC : 133€ vs 127€

Ce CMD s'adressait aux clients, aux investisseurs et aux analystes. Au-delà des visites et du dévoilement du dernier modèle en série limitée, la Monza en version SP1 et SP2, le plan 2018/22 détaillé est en ligne avec les éléments déjà dévoilés avant le disparition de S. Marchionne. Les FCF 2018/22 sont néanmoins très au-dessus de nos estimations. Nous maintenons nos estimations 2018/20 et nous relevons nos estimations de FCF au-delà de 2020 pour refléter cet écart significatif. Ainsi notre valorisation mise à jour ressort à 133€ vs 127€ préc. Notre Opinion Achat est maintenue avec une forte c...

Richard Hilgert

Morningstar | Ferrari Posts Solid 2Q Results, Management Confirms Guidance: EUR 62 FVE Maintained

Wide-moat-rated Ferrari, Formula 1 racer and maker of ultraluxury and exotic sports cars, reported earnings per share before special items of EUR 0.84, EUR 0.03 better than the sell-side consensus of EUR 0.81 and EUR 0.12 higher than the year-ago EPS result. Revenue skidded 2% to EUR 906 million while EBITDA jumped 7% to EUR 290 million with roaring margin expansion of 260 basis points to a breakneck 32.0% versus the prior year, respectively. Excluding negative currency translation, revenue would have been 1% higher. Shipments grew by 6% compared with the second quarter of 2017. The revenue d...

Richard Hilgert

Morningstar | Ferrari Posts Solid 2Q Results, Management Confirms Guidance: EUR 62 FVE Maintained

Wide-moat-rated Ferrari, Formula 1 racer and maker of ultraluxury and exotic sports cars, reported earnings per share before special items of EUR 0.84, EUR 0.03 better than the sell-side consensus of EUR 0.81 and EUR 0.12 higher than the year-ago EPS result. Revenue skidded 2% to EUR 906 million while EBITDA jumped 7% to EUR 290 million with roaring margin expansion of 260 basis points to a breakneck 32.0% versus the prior year, respectively. Excluding negative currency translation, revenue would have been 1% higher. Shipments grew by 6% compared with the second quarter of 2017. The revenue d...

Richard Hilgert

Morningstar | Ferrari Posts Solid 2Q Results, Management Confirms Guidance: EUR 62 FVE Maintained. See Updated Analyst Note from 01 Aug 2018

Wide-moat-rated Ferrari, Formula 1 racer and maker of ultraluxury and exotic sports cars, reported earnings per share before special items of EUR 0.84, EUR 0.03 better than the sell-side consensus of EUR 0.81 and EUR 0.12 higher than the year-ago EPS result. Revenue skidded 2% to EUR 906 million while EBITDA jumped 7% to EUR 290 million with roaring margin expansion of 260 basis points to a breakneck 32.0% versus the prior year, respectively. Excluding negative currency translation, revenue would have been 1% higher. Shipments grew by 6% compared with the second quarter of 2017. The revenue d...

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...

FERRARI NV sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of FERRARI NV (IT), active in the Automobiles industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date October 12, 2018, the closing price was USD 100.55 and its target price was estimated at USD 95.52.

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

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...

Matthieu DRIOL

Analyse court terme - FERRARI NV : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 100,50 €, puis 94,54 €. Le franchissement de 129,50 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - FERRARI NV : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €100.50, then €94.54. Passing €129.50 would question the continuation of the fall.

Valérie GASTALDY
Valérie GASTALDY

Medium term view - FERRARI NV : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €129.50 and €147.30. The trend would be invalidated below the support at €94.50.

Matthieu DRIOL

Analyse court terme - FERRARI NV : Les cours progressent toujours.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 124,40 € et 129,50 €. La tendance serait invalidée sous le support à 107,50 €.

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