Independent equity research
Is Ferrari N.V. (RACE) a Buy, Hold or Sell?
Ferrari N.V. — our independent, AI-built valuation and rating, in brief.
SELL (reduce)
12-mo fair value
€247.00
To fair value
−31%
By · report dated 2026-09-03 · fair value derived independently of the market price.
The thesis, in brief
Ferrari is a luxury house of genuine quality, but at EUR 357 the shares embed 5.26% perpetual growth in industrial free cash flow beyond 2030 on our 8.37% cost of equity; we value it at EUR 247 and we are wrong if free cash flow is still compounding above 5% a year in the 2030s
How we value it
We value Ferrari N.V. using DCF on industrial free cash flow at 8.37% cost of equity, 2.5% terminal; cross-checked on 2027E P/E versus luxury. The 12-month fair value is set from that intrinsic estimate first, then compared to the market to read the upside or downside — never anchored to the current price.
What the full report covers
- Business & moat + industry cycle
- Earnings quality & normalized EPS
- Returns on capital (ROIC vs WACC)
- Balance-sheet safety
- Two independent valuations (DCF + multiples)
- Bear / base / bull fair values
- Earnings-call analysis
- Insider activity & positioning
- Technicals (RSI / ADX)
- A falsifiable thesis
Read the full Ferrari N.V. report
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