Stock Spotlight: Ferrari NV (NYSE:RACE)
About Ferrari NV
Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers sports, track, one-off, and road cars, as well as supercars. It also provides spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods. In addition, the company operates Ferrari museums in Modena and Maranello; Il Cavallino restaurant in Maranello; and theme parks in Abu Dhabi and Spain. Further, it provides direct or indirect finance and leasing services; range of financial and ancillary services; special financing arrangements; and operates franchised and owned Ferrari stores. The company was founded in 1947 and is headquartered in Maranello, Italy.
Key Stats
Key Stats
Source: Yahoo Finance. Data as of 22/10/25.
Price Performance
Growth Potential
- Truly an ultra-luxury brand with management focusing on value over growth (i.e. flooding the market with Ferraris). Consequently, RACE enjoys exceptional pricing power, and we would argue limited exposure to economic downturns/affordability.
- Strong track record of growth (since listing has achieved 2x EBITDA growth, +970bps EBITDA margin expansion and ~EUR3bn cumulative industrial FCF).
- Sales momentum driven by new vehicle launches including the move into full electric vehicles. Margin will be driven by price and mix impacts (e.g., personalization).
- Underpenetrated client base opportunity [of ~26 million HNWs, the Company has penetrated ~0.2% to date].
- Strong cash flow generation and solid shareholder returns (expected to deliver ~EUR3.5bn of dividends from 2027-31, with payout increased +500bps to 40% of adjusted net income and buyback authorization increased by EUR3.5bn for 2026-30).
- Strong balance sheet with declining leverage and ample liquidity, which provides the Company flexibility.
Key Risks
- Adverse currency movements, especially EUR strength against the U.S. dollar (USD), Chinese Renminbi (RMB) and Japanese Yen (JPY).
- Increased competition from existing luxury vehicle manufacturers (Lamborghini, Mclaren, Aston Martin) and new emerging brands (Koenigsegg)
- Changes to emissions/fuel efficiency policy which adversely impacts demand.
- Value destructive acquisition of brand(s).
- Less than expected traction for the Company’s upcoming EVs.
- Significant change at the senior management level (divisional CEOs).
- Capex blowout in regard to its EV ambitions.
Subscribe to our newsletter
Disclaimer: This article does not constitute financial advice nor a recommendation to invest in the securities listed. The information presented is intended to be of a factual nature only. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing.
With gold near record levels, discover what’s driving the rally and how it’s shaping global markets and investor behaviour.
About Amcor Plc Amcor plc, together with its subsidiaries, engages in the production and sale of packaging products in Europe, North America, Latin America, and the Asia Pacific. The company operates in two segments, Global Flexible Packaging Solutions and Global Rigid Packaging Solutions. The Global Flexible Packaging Solutions segment develops and supplies flexible packaging products, including polymer resin, aluminum, and fiber based flexible packaging products to the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Global Rigid Packaging Solutions segment manufactures rigid packaging containers, closures, dispensing and pharma devices, and related products for the food and beverage applications. The company sells its products through its direct sales force. The company was incorporated in 1926 and is headquartered in Zurich, Switzerland. Key Stats
Heightened US–China trade tensions trigger a USD 2 trillion market sell-off. Explore the market fallout and the implications for investors.
Explore ways to gaining real estate exposure via REITs, shares and ETFs without buying property.
A closer look at the AI boom: investor psychology, market behaviour, and lessons from past bubbles.
About Constellation Energy Corp Constellation Energy Corporation produces and sells energy products and services in the United States. It operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. The company offers electricity, natural gas, energy-related products, and sustainable solutions. It has approximately 31,676 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. The company serves distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland. Key Stats
About Cameco Corp Cameco Corporation provides uranium for the generation of electricity. It operates through three segments: Uranium, Fuel Services, and Westinghouse. The Uranium segment engages in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The Fuel Services segment is involved in the refining, conversion, and fabrication of uranium concentrate, as well as purchase and sale of conversion services. The Westinghouse segment operates as a nuclear reactor technology original equipment manufacturer and a provider of products and services to commercial utilities and government agencies. It also provides outage and maintenance, engineering support, instrumentation and control equipment, and plant modification services, as well as components and parts to nuclear reactors. The company sells its uranium and fuel products and services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is based in Saskatoon, Canada. Key Stats
About Innovative Industrial Properties Inc. Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Key Stats
The Federal Reserve delivers a 25-basis-point cut, aiming to balance slowing growth with stubborn inflation. What does it mean for equities across Australia and the US?
About EQT Corp EQT Corporation engages in the production, gathering, and transmission of natural gas. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers located in the Appalachian Basin. It also provides marketing services and contractual pipeline capacity management services, as well as involved in risk management and hedging activities. The company was formerly known as Equitable Resources Inc. and changed its name to EQT Corporation in February 2009. EQT Corporation was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania.s. Key Stats
