RACE:MILFerrari NV Analysis

Ferrari shares are trading at €310.7, comfortably above the 20‑day (€302.66) and 50‑day (€297.94) simple moving averages but still below the 200‑day average (€325.42), indicating a short‑term bullish bias within a longer‑term neutral framework. The MACD line sits at 5.65 above its signal (4.09), generating a bullish signal, while the RSI at 56 points suggests the stock is neither overbought nor oversold. Volatility is elevated at roughly 40% over the past 30 days, yet the beta of 0.33 points to low systematic risk, and the price is holding above the identified support of €281.5 with resistance near €323.3.
Fundamentally, Ferrari delivers premium profitability—gross margin of 51.6%, operating margin of 29.5% and a net profit margin of 22.2%—and an impressive ROE of 41.9%, underscoring capital efficiency. The dividend yield of 1.13% is backed by a modest 33% payout ratio, indicating sustainability. Although the trailing PE of 34.6 and PB of 13.5 suggest a premium valuation, analyst consensus projects a median target of €380, implying roughly a 22% upside, and the DCF‑derived fair value (though anomalously low) further flags potential mispricing.