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RACE.MI · MIL FTSE MIB Euro Stoxx 50

Ferrari N.V.

Consumer cyclical · Auto manufacturers
€378.15 +€5.85 (+1.57%) today

Closing price on Nov 11, 2026 · Source: Yahoo Finance

Share
Consensus of 18 analysts
Buy
Median price target €400.00 +5.8%
Open
€372.00
Day range
371.45 – €378.30
52-week range
269.00 – €390.70
Volume
85,965
Market cap
€66,260M
P/E (TTM)
39.7x
EPS (TTM)
€9.53
EPS est. 2026
€9.93
P/E est. 2026
38.1x
Dividend yield
1.0%
Beta
0.66
Payout
38%

Analyst summary

Generated with AI · Nov 11, 2026, 14:54

Ferrari N.V. combines luxury performance-car production with after-sales, financing, licensing and lifestyle activities. Q3 2026 revenue grew 7.4% year on year and net income rose 12.7%, with a 22.7% net margin. Quarterly EPS beat consensus by 2.7%, while analyst estimates point to further annual EPS growth in 2026 and 2027. The shares trade at 39.7x trailing earnings, a premium to listed mass-market peers, with a median target implying 5.8% upside.

  1. 1Q3 2026 revenue rose +7.4% to €1,896M, while net income increased +12.7% to €430M.
  2. 2Q3 EPS of €2.44 beat consensus by +2.7%; net margin reached 22.7%.
  3. 3Analysts see +5.8% median target upside, against a current 39.7x P/E.

Ferrari financials

Q3 2026 results, quarter ended Sep 30, 2026

MetricQ3 20261-year change
Total revenue €1,896M +7.4%
Net income €430M +12.7%
Earnings per share €2.44 +12.1%
Net margin 22.7% +1.1 pp
Free cash flow €511M +42.8%
Debt / equity 0.80 +4.9%

Revenue and net income (€M)

Total revenueNet income

Ferrari earnings per share (EPS)

Consensus estimates

PeriodEPS est.1-year change
Current quarterQ4 2026 · Analysts: 3 €2.5202.49 – 2.56 +17.8%€2.140
Next quarterQ1 2027 · Analysts: 1 €2.3002.30 – 2.30 −1.3%€2.330
Current year2026 · Analysts: 18 €9.9319.70 – 10.46 +10.8%€8.960
Next year2027 · Analysts: 16 €11.13910.36 – 12.13 +12.1%€9.937

Forward P/E: 38.1x (2026) and 33.9x (2027) at the current price.

Actual and estimated EPS (€)

Actual EPSEstimated EPS

EPS trend

QuarterEPSYoY change
Q1 2027Estimated €2.300 −1.3%
Q4 2026Estimated €2.520 +17.8%
Q3 2026 €2.440est. €2.376 · surprise +2.7% +12.1%
Q2 2026 €2.620est. €2.517 · surprise +4.1% n/a
Q1 2026 €2.330est. €2.345 · surprise −0.6% n/a
Q4 2025 €2.140est. €2.068 · surprise +3.5% n/a
Q3 2025 €2.176 n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Ferrari dividend

Yield and payments

Dividend yield (TTM)1.0%
Forward yield (next 12m)1.0%
Dividend per share (TTM)€3.62
Forward dividend (next 12m)€3.62
Payout (TTM)38%
Last dividend€3.62Apr 20, 2026
Next ex-dividend daten/a

Dividend per share by year (€)

PaidEstimated

Ferrari forecasts

18 analyst ratings

Buy72% Hold28% Sell0%

Consensus: Buy · 13 buy, 5 hold, 0 sell

1-year price forecast

Share price Price target (high, median, low)

Ferrari peers

TickerCompany Market cap (€M)P/E Price (€)1-day change52-week range
RACE.MI Ferrari 66,260 39.7x 378.15 +1.57% 269.00390.70
MBG.DE Mercedes-Benz Group 39,336 7.3x 41.44 +0.18% 38.8962.34
VOW3.DE Volkswagen Group 34,419 33.3x 68.66 +0.26% 65.92109.15
BMW.DE BMW 34,144 5.8x 57.76 −0.62% 51.9897.92
STLAM.MI Stellantis 11,023 n/a 3.80 −0.93% 3.5010.49
STLAP.PA Stellantis 11,023 n/a 3.80 −1.02% 3.5110.49

Risks, catalysts and conclusion

Generated with AI · Nov 11, 2026, 14:54

Risks

  • A weakening luxury-car market could slow demand and pressure revenue growth and margins.
  • The 39.7x trailing P/E leaves the shares vulnerable to valuation compression if earnings growth disappoints.
  • Debt/equity rose +4.9% year on year; further balance-sheet deterioration could reduce financial flexibility.

Catalysts

  • Delivery of consensus EPS growth for 2026 and 2027 could support the premium valuation.
  • Further margin expansion could strengthen earnings growth beyond the revenue trend.
  • Growth in after-sales, licensing and financial services could broaden contributions beyond car sales.

Conclusion

Ferrari delivered solid Q3 growth, margin expansion and stronger free cash flow, while recent EPS results mostly exceeded consensus. Analyst estimates point to further annual earnings growth, and the dividend has increased over the longer term. However, the 39.7x trailing P/E is demanding relative to listed automotive peers, and the median target offers only +5.8% upside. The outlook is positive on operations but valuation leaves limited room for execution setbacks.

Analysis written automatically by AI from Yahoo Finance market data on Nov 11, 2026, 14:54.

This content is for information only and is not financial advice or a recommendation to buy or sell securities. Ratings and price targets come from third-party analysts. Investing in the stock market involves the risk of losing capital.

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