Ferrari N.V. (RACE – Q4FY19 & FY19) – Provides cautious outlook for FY20 due to a weak demand in Asian market.

Ferrari has become the latest car manufacturer to join the European carmakers’ association
(ACEA). ACEA represents manufacturers of passenger cars, vans, trucks, and buses with production sites in the European Union and provides benchmark data on vehicle registrations. Ferrari’s membership took effect on Jan. 1, 2020, following the approval at the end of 2019, by the association’s board of directors.

Executive Summary

Financial Statements

– Income Statement and Forecast
– Balance Sheet
– Cash Flow
– Q4FY19 Results – Overview
– Q4FY19 – Shipment
– Segment Performance
– New Developments
– FY19 – Guidance and Conclusion

Historical Performance

– Key Ratios
– Profitability Ratios, Asset Turnover Ratio, Growth Ratio
– Per share data
– DuPont Analysis
– P/E band

 Product Performance and Key Developments

– Ownership
– Competitors

Valuation and Consensus Performance

– Relative Valuation
– Analyst Recommendations

Market Price Performance

CrispIdea Coverage