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Ferrari NV
Buy, Hold or Sell?

Let's analyze Ferrari together

I guess you are interested in Ferrari NV. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Ferrari NV. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Ferrari (30 sec.)










1.2. What can you expect buying and holding a share of Ferrari? (30 sec.)

How much money do you get?

How much money do you get?
€2.54
When do you have the money?
1 year
How often do you get paid?
75.0%

What is your share worth?

Current worth
€18.60
Expected worth in 1 year
€21.51
How sure are you?
92.5%

+ What do you gain per year?

Total Gains per Share
€5.35
Return On Investment
1.2%

For what price can you sell your share?

Current Price per Share
€443.20
Expected price per share
€404.80 - €456.50
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Ferrari (5 min.)




Live pricePrice per Share (EOD)
€443.20
Intrinsic Value Per Share
€62.16 - €124.59
Total Value Per Share
€80.76 - €143.19

2.2. Growth of Ferrari (5 min.)




Is Ferrari growing?

Current yearPrevious yearGrowGrow %
How rich?$3.4b$2.1b$1.1b35.5%

How much money is Ferrari making?

Current yearPrevious yearGrowGrow %
Making money$372.3m$306.6m$65.7m17.7%
Net Profit Margin22.1%20.2%--

How much money comes from the company's main activities?

2.3. Financial Health of Ferrari (5 min.)




2.4. Comparing to competitors in the Auto Manufacturers industry (5 min.)




  Industry Rankings (Auto Manufacturers)  


Richest
#45 / 119

Most Revenue
#53 / 119

Most Profit
#36 / 119
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Ferrari?

Welcome investor! Ferrari's management wants to use your money to grow the business. In return you get a share of Ferrari.

First you should know what it really means to hold a share of Ferrari. And how you can make/lose money.

Speculation

The Price per Share of Ferrari is €443.20. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Ferrari.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Ferrari, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €18.60. Based on the TTM, the Book Value Change Per Share is €0.73 per quarter. Based on the YOY, the Book Value Change Per Share is €0.63 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.61 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Ferrari.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps2.170.5%2.070.5%1.690.4%1.400.3%1.060.2%
Usd Book Value Change Per Share1.410.3%0.760.2%0.650.1%0.580.1%0.480.1%
Usd Dividend Per Share0.140.0%0.630.1%0.470.1%0.610.1%0.480.1%
Usd Total Gains Per Share1.550.4%1.390.3%1.120.3%1.190.3%0.960.2%
Usd Price Per Share436.93-393.50-268.14-242.46-156.84-
Price to Earnings Ratio50.44-47.84-39.88-78.68-50.89-
Price-to-Total Gains Ratio280.98-283.67-98.94-341.24-252.68-
Price to Book Ratio22.57-21.25-1,987.05-412.10-203.38-
Price-to-Total Gains Ratio280.98-283.67-98.94-341.24-252.68-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share461.28256
Number of shares2
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.630.61
Usd Book Value Change Per Share0.760.58
Usd Total Gains Per Share1.391.19
Gains per Quarter (2 shares)2.792.38
Gains per Year (2 shares)11.159.53
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1561550
210121210910
3151823151420
4202434201930
5253045242340
6303656292850
7364267343360
8414978393770
9465589444280
105161100494690

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%43.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%15.05.00.075.0%32.08.00.080.0%32.08.03.074.4%
Dividend per Share3.00.01.075.0%10.00.02.083.3%18.00.02.090.0%30.00.010.075.0%30.00.013.069.8%
Total Gains per Share4.00.00.0100.0%11.01.00.091.7%19.01.00.095.0%37.03.00.092.5%37.03.03.086.0%
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3.2. Key Performance Indicators

The key performance indicators of Ferrari NV compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.3570.729+86%0.627+117%0.558+143%0.465+192%
Book Value Per Share--18.59817.746+5%11.356+64%12.004+55%8.928+108%
Current Ratio--1.6252.317-30%3.693-56%3.396-52%3.121-48%
Debt To Asset Ratio--0.6280.6290%0.738-15%0.697-10%0.732-14%
Debt To Equity Ratio--1.6921.706-1%15.405-89%4.889-65%6.493-74%
Dividend Per Share--0.1370.610-78%0.452-70%0.587-77%0.461-70%
Enterprise Value--71433588000.00064113191600.000+11%42925892929.275+66%38935906048.355+83%27530965718.397+159%
Eps--2.0811.984+5%1.621+28%1.349+54%1.019+104%
Ev To Ebitda Ratio--27.57225.420+8%18.831+46%21.824+26%17.660+56%
Ev To Sales Ratio--10.8609.906+10%7.355+48%7.799+39%6.029+80%
Free Cash Flow Per Share--2.7041.464+85%1.042+159%0.842+221%0.695+289%
Free Cash Flow To Equity Per Share--1.7960.893+101%0.090+1906%0.324+455%0.245+634%
Gross Profit Margin--0.8180.815+0%0.791+3%0.654+25%0.827-1%
Intrinsic Value_10Y_max--124.588--------
Intrinsic Value_10Y_min--62.160--------
Intrinsic Value_1Y_max--5.607--------
Intrinsic Value_1Y_min--3.389--------
Intrinsic Value_3Y_max--22.088--------
Intrinsic Value_3Y_min--12.703--------
Intrinsic Value_5Y_max--44.889--------
Intrinsic Value_5Y_min--24.707--------
Market Cap79280949145.600+5%75496832000.00068177427350.000+11%46836731929.275+61%42540845898.355+77%27792568671.558+172%
Net Profit Margin--0.2280.221+3%0.202+13%0.193+18%0.175+30%
Operating Margin--0.2900.284+2%0.278+4%0.254+14%0.230+26%
Operating Ratio--0.7140.722-1%0.700+2%0.745-4%0.767-7%
Pb Ratio23.831+5%22.57221.254+6%1987.048-99%412.101-95%203.378-89%
Pe Ratio53.254+5%50.44247.839+5%39.883+26%78.684-36%50.894-1%
Price Per Share443.200+5%419.800378.075+11%257.625+63%232.958+80%150.689+179%
Price To Free Cash Flow Ratio40.972+5%38.809131.436-70%76.616-49%34.088+14%42.418-9%
Price To Total Gains Ratio296.647+5%280.984283.671-1%98.944+184%341.237-18%252.676+11%
Quick Ratio--1.2221.432-15%2.467-50%2.390-49%2.068-41%
Return On Assets--0.0420.041+1%0.043-2%0.035+20%0.032+31%
Return On Equity--0.1120.112+0%0.970-88%0.277-59%0.257-56%
Total Gains Per Share--1.4941.339+12%1.078+39%1.145+31%0.926+61%
Usd Book Value--3481126291.2003331232356.800+4%2149327978.400+62%2283946299.360+52%1717206292.600+103%
Usd Book Value Change Per Share--1.4130.759+86%0.652+117%0.580+143%0.484+192%
Usd Book Value Per Share--19.35718.471+5%11.819+64%12.494+55%9.292+108%
Usd Dividend Per Share--0.1420.634-78%0.470-70%0.611-77%0.480-70%
Usd Enterprise Value--74348078390.40066729009817.280+11%44677269360.789+66%40524491015.128+83%28654229119.708+159%
Usd Eps--2.1652.065+5%1.687+28%1.404+54%1.060+104%
Usd Free Cash Flow--506181631.200274667900.600+84%197174095.800+157%159743389.080+217%134139084.600+277%
Usd Free Cash Flow Per Share--2.8151.524+85%1.085+159%0.876+221%0.724+289%
Usd Free Cash Flow To Equity Per Share--1.8700.929+101%0.093+1906%0.337+455%0.255+634%
Usd Market Cap82515611870.741+5%78577102745.60070959066385.880+11%48747670591.989+61%44276512411.008+77%28926505473.357+172%
Usd Price Per Share461.283+5%436.928393.500+11%268.136+63%242.462+80%156.837+179%
Usd Profit--389439258.400372389653.400+5%306620720.800+27%256478047.160+52%196251894.960+98%
Usd Revenue--1711532111.2001681965845.400+2%1512988322.600+13%1283538082.080+33%1068156361.180+60%
Usd Total Gains Per Share--1.5551.393+12%1.122+39%1.191+31%0.964+61%
 EOD+4 -4MRQTTM+32 -8YOY+31 -95Y+32 -810Y+33 -7

3.3 Fundamental Score

Let's check the fundamental score of Ferrari NV based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1553.254
Price to Book Ratio (EOD)Between0-123.831
Net Profit Margin (MRQ)Greater than00.228
Operating Margin (MRQ)Greater than00.290
Quick Ratio (MRQ)Greater than11.222
Current Ratio (MRQ)Greater than11.625
Debt to Asset Ratio (MRQ)Less than10.628
Debt to Equity Ratio (MRQ)Less than11.692
Return on Equity (MRQ)Greater than0.150.112
Return on Assets (MRQ)Greater than0.050.042
Total5/10 (50.0%)

3.4 Technical Score

Let's check the technical score of Ferrari NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.730
Ma 20Greater thanMa 50418.550
Ma 50Greater thanMa 100417.738
Ma 100Greater thanMa 200421.724
OpenGreater thanClose443.300
Total4/5 (80.0%)

4. In-depth Analysis

4.1 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 range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and 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 to retail clients and dealers; manages racetracks; develops and sells a range of apparel and accessories; and operates franchised and owned Ferrari stores. The company also sells its products through a network of authorized dealers operating points of sale, as well as through its website. The company was founded in 1947 and is headquartered in Maranello, Italy.

Fundamental data was last updated by Penke on 2025-02-05 09:23:04.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is expensive.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Ferrari earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Ferrari to the Auto Manufacturers industry mean.
  • A Net Profit Margin of 22.8% means that €0.23 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Ferrari NV:

  • The MRQ is 22.8%. The company is making a huge profit. +2
  • The TTM is 22.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ22.8%TTM22.1%+0.7%
TTM22.1%YOY20.2%+1.9%
TTM22.1%5Y19.3%+2.8%
5Y19.3%10Y17.5%+1.8%
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ22.8%3.0%+19.8%
TTM22.1%4.1%+18.0%
YOY20.2%4.0%+16.2%
5Y19.3%3.2%+16.1%
10Y17.5%3.2%+14.3%
4.3.1.2. Return on Assets

Shows how efficient Ferrari is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Ferrari to the Auto Manufacturers industry mean.
  • 4.2% Return on Assets means that Ferrari generated €0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Ferrari NV:

  • The MRQ is 4.2%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.1%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.2%TTM4.1%+0.0%
TTM4.1%YOY4.3%-0.1%
TTM4.1%5Y3.5%+0.7%
5Y3.5%10Y3.2%+0.3%
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ4.2%0.7%+3.5%
TTM4.1%1.1%+3.0%
YOY4.3%1.1%+3.2%
5Y3.5%0.9%+2.6%
10Y3.2%1.0%+2.2%
4.3.1.3. Return on Equity

Shows how efficient Ferrari is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Ferrari to the Auto Manufacturers industry mean.
  • 11.2% Return on Equity means Ferrari generated €0.11 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Ferrari NV:

  • The MRQ is 11.2%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 11.2%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ11.2%TTM11.2%+0.0%
TTM11.2%YOY97.0%-85.8%
TTM11.2%5Y27.7%-16.5%
5Y27.7%10Y25.7%+2.0%
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ11.2%2.1%+9.1%
TTM11.2%2.7%+8.5%
YOY97.0%3.2%+93.8%
5Y27.7%2.4%+25.3%
10Y25.7%2.6%+23.1%
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4.3.2. Operating Efficiency of Ferrari NV.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Ferrari is operating .

  • Measures how much profit Ferrari makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Ferrari to the Auto Manufacturers industry mean.
  • An Operating Margin of 29.0% means the company generated €0.29  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Ferrari NV:

  • The MRQ is 29.0%. The company is operating very efficient. +2
  • The TTM is 28.4%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ29.0%TTM28.4%+0.5%
TTM28.4%YOY27.8%+0.6%
TTM28.4%5Y25.4%+3.0%
5Y25.4%10Y23.0%+2.4%
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ29.0%5.2%+23.8%
TTM28.4%5.3%+23.1%
YOY27.8%4.2%+23.6%
5Y25.4%3.4%+22.0%
10Y23.0%4.7%+18.3%
4.3.2.2. Operating Ratio

Measures how efficient Ferrari is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Auto Manufacturers industry mean).
  • An Operation Ratio of 0.71 means that the operating costs are €0.71 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Ferrari NV:

  • The MRQ is 0.714. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.722. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.714TTM0.722-0.008
TTM0.722YOY0.700+0.023
TTM0.7225Y0.745-0.023
5Y0.74510Y0.767-0.021
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7141.485-0.771
TTM0.7221.331-0.609
YOY0.7001.260-0.560
5Y0.7451.293-0.548
10Y0.7671.165-0.398
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4.4.3. Liquidity of Ferrari NV.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Ferrari is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Auto Manufacturers industry mean).
  • A Current Ratio of 1.63 means the company has €1.63 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Ferrari NV:

  • The MRQ is 1.625. The company is able to pay all its short-term debts. +1
  • The TTM is 2.317. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.625TTM2.317-0.692
TTM2.317YOY3.693-1.376
TTM2.3175Y3.396-1.079
5Y3.39610Y3.121+0.275
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6251.218+0.407
TTM2.3171.194+1.123
YOY3.6931.217+2.476
5Y3.3961.249+2.147
10Y3.1211.253+1.868
4.4.3.2. Quick Ratio

Measures if Ferrari is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Ferrari to the Auto Manufacturers industry mean.
  • A Quick Ratio of 1.22 means the company can pay off €1.22 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Ferrari NV:

  • The MRQ is 1.222. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.432. The company is able to pay all its short-term debts with the most liquid assets. +1
Trends
Current periodCompared to+/- 
MRQ1.222TTM1.432-0.210
TTM1.432YOY2.467-1.035
TTM1.4325Y2.390-0.958
5Y2.39010Y2.068+0.322
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2220.484+0.738
TTM1.4320.587+0.845
YOY2.4670.708+1.759
5Y2.3900.788+1.602
10Y2.0680.784+1.284
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4.5.4. Solvency of Ferrari NV.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Ferrari assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Ferrari to Auto Manufacturers industry mean.
  • A Debt to Asset Ratio of 0.63 means that Ferrari assets are financed with 62.8% credit (debt) and the remaining percentage (100% - 62.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Ferrari NV:

  • The MRQ is 0.628. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.629. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.628TTM0.629-0.002
TTM0.629YOY0.738-0.109
TTM0.6295Y0.697-0.068
5Y0.69710Y0.732-0.035
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6280.638-0.010
TTM0.6290.634-0.005
YOY0.7380.632+0.106
5Y0.6970.636+0.061
10Y0.7320.627+0.105
4.5.4.2. Debt to Equity Ratio

Measures if Ferrari is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Ferrari to the Auto Manufacturers industry mean.
  • A Debt to Equity ratio of 169.2% means that company has €1.69 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Ferrari NV:

  • The MRQ is 1.692. The company is just able to pay all its debts with equity.
  • The TTM is 1.706. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.692TTM1.706-0.014
TTM1.706YOY15.405-13.699
TTM1.7065Y4.889-3.183
5Y4.88910Y6.493-1.604
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6921.858-0.166
TTM1.7061.791-0.085
YOY15.4051.802+13.603
5Y4.8891.872+3.017
10Y6.4931.749+4.744
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Ferrari generates.

  • Above 15 is considered overpriced but always compare Ferrari to the Auto Manufacturers industry mean.
  • A PE ratio of 50.44 means the investor is paying €50.44 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Ferrari NV:

  • The EOD is 53.254. Based on the earnings, the company is expensive. -2
  • The MRQ is 50.442. Based on the earnings, the company is expensive. -2
  • The TTM is 47.839. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD53.254MRQ50.442+2.812
MRQ50.442TTM47.839+2.603
TTM47.839YOY39.883+7.956
TTM47.8395Y78.684-30.845
5Y78.68410Y50.894+27.790
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
EOD53.2547.831+45.423
MRQ50.4428.414+42.028
TTM47.8397.033+40.806
YOY39.8836.012+33.871
5Y78.6847.310+71.374
10Y50.89411.051+39.843
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Ferrari NV:

  • The EOD is 40.972. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 38.809. Based on how much money comes from the company's main activities, the company is fair priced.
  • The TTM is 131.436. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD40.972MRQ38.809+2.163
MRQ38.809TTM131.436-92.627
TTM131.436YOY76.616+54.820
TTM131.4365Y34.088+97.347
5Y34.08810Y42.418-8.330
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
EOD40.9721.051+39.921
MRQ38.8091.220+37.589
TTM131.4360.978+130.458
YOY76.6160.331+76.285
5Y34.0880.268+33.820
10Y42.418-0.515+42.933
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Ferrari is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Auto Manufacturers industry mean).
  • A PB ratio of 22.57 means the investor is paying €22.57 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Ferrari NV:

  • The EOD is 23.831. Based on the equity, the company is expensive. -2
  • The MRQ is 22.572. Based on the equity, the company is expensive. -2
  • The TTM is 21.254. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD23.831MRQ22.572+1.258
MRQ22.572TTM21.254+1.318
TTM21.254YOY1,987.048-1,965.794
TTM21.2545Y412.101-390.846
5Y412.10110Y203.378+208.722
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
EOD23.8311.167+22.664
MRQ22.5721.523+21.049
TTM21.2541.556+19.698
YOY1,987.0481.343+1,985.705
5Y412.1011.871+410.230
10Y203.3781.896+201.482
4.6.2. Total Gains per Share

2.4. Latest News of Ferrari NV

Does Ferrari NV still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Ferrari NV to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2025-02-05
17:40
ALSN or RACE: Which Is the Better Value Stock Right Now?Read
2025-02-04
17:49
Ferrari stock rallies after reporting Q4 sales rose by 14%Read
2025-02-01
12:00
Should You Be Adding Ferrari (NYSE:RACE) To Your Watchlist Today?Read
2025-02-01
07:00
McLaren boss points to culture shift in F1 turnaround ahead of 'epic' seasonRead
2025-01-20
13:18
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAMRead
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6. Financial Statements




6.1. Latest Balance Sheet

Balance Sheet of 2024-09-30. Currency in EUR. All numbers in thousands.

Summary
Total Assets8,989,178
Total Liabilities5,644,514
Total Stockholder Equity3,336,951
 As reported
Total Liabilities 5,644,514
Total Stockholder Equity+ 3,336,951
Total Assets = 8,989,178

Assets

Total Assets8,989,178
Total Current Assets4,618,456
Long-term Assets4,370,722
Total Current Assets
Cash And Cash Equivalents 1,528,690
Short-term Investments 52,580
Net Receivables 1,839,245
Inventory 1,031,451
Other Current Assets 166,490
Total Current Assets  (as reported)4,618,456
Total Current Assets  (calculated)4,618,456
+/-0
Long-term Assets
Property Plant Equipment 1,767,437
Goodwill 785,182
Long Term Investments 75,312
Intangible Assets 1,508,356
Long-term Assets  (as reported)4,370,722
Long-term Assets  (calculated)4,136,287
+/- 234,435

Liabilities & Shareholders' Equity

Total Current Liabilities2,841,660
Long-term Liabilities3,211,866
Total Stockholder Equity3,336,951
Total Current Liabilities
Short-term Debt 1,248,497
Short Long Term Debt 1,222,706
Accounts payable 859,235
Other Current Liabilities 172,447
Total Current Liabilities  (as reported)2,841,660
Total Current Liabilities  (calculated)3,502,885
+/- 661,225
Long-term Liabilities
Long term Debt 1,741,591
Capital Lease Obligations 131,483
Long-term Liabilities Other 40,405
Long-term Liabilities  (as reported)3,211,866
Long-term Liabilities  (calculated)1,913,479
+/- 1,298,387
Total Stockholder Equity
Common Stock2,573
Retained Earnings 3,278,765
Accumulated Other Comprehensive Income 55,613
Total Stockholder Equity (as reported)3,336,951
Total Stockholder Equity (calculated)3,336,951
+/-0
Other
Capital Stock2,573
Cash and Short Term Investments 1,581,270
Common Stock Shares Outstanding 179,840
Current Deferred Revenue409,012
Liabilities and Stockholders Equity 8,989,178
Net Debt 1,567,090
Net Invested Capital 6,301,248
Net Working Capital 1,776,796
Property Plant and Equipment Gross 1,767,437
Short Long Term Debt Total 3,095,780



6.2. Balance Sheets Structured

Currency in EUR. All numbers in thousands.

 Trend2024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-31
> Total Assets 
0
0
0
4,641,427
5,004,017
5,000,526
4,944,508
3,875,399
4,128,539
4,321,338
4,219,305
3,849,604
4,055,503
3,904,054
4,073,427
4,141,104
4,360,685
4,379,484
4,614,758
4,851,733
5,330,824
5,277,970
5,340,080
5,446,372
5,567,894
5,859,004
6,004,033
6,262,047
6,085,509
6,130,415
6,613,088
6,863,505
7,296,420
7,320,792
7,626,839
7,765,823
8,021,590
5,225,142
7,894,182
8,051,312
8,647,880
8,889,571
8,989,178
8,989,1788,889,5718,647,8808,051,3127,894,1825,225,1428,021,5907,765,8237,626,8397,320,7927,296,4206,863,5056,613,0886,130,4156,085,5096,262,0476,004,0335,859,0045,567,8945,446,3725,340,0805,277,9705,330,8244,851,7334,614,7584,379,4844,360,6854,141,1044,073,4273,904,0544,055,5033,849,6044,219,3054,321,3384,128,5393,875,3994,944,5085,000,5265,004,0174,641,427000
   > Total Current Assets 
113,786
0
0
2,844,655
3,131,554
3,144,910
3,129,709
2,019,823
2,276,168
2,440,222
2,327,047
1,887,453
2,076,393
1,927,672
2,072,716
2,081,077
2,244,270
2,216,959
2,392,883
2,477,326
2,829,588
2,673,802
2,679,892
2,641,201
2,686,503
2,945,448
3,038,296
3,075,883
2,850,062
2,831,383
3,217,859
3,363,719
3,748,680
3,702,055
3,954,131
3,952,512
4,189,743
4,050,985
3,956,592
3,986,007
4,502,330
4,589,951
4,618,456
4,618,4564,589,9514,502,3303,986,0073,956,5924,050,9854,189,7433,952,5123,954,1313,702,0553,748,6803,363,7193,217,8592,831,3832,850,0623,075,8833,038,2962,945,4482,686,5032,641,2012,679,8922,673,8022,829,5882,477,3262,392,8832,216,9592,244,2702,081,0772,072,7161,927,6722,076,3931,887,4532,327,0472,440,2222,276,1682,019,8233,129,7093,144,9103,131,5542,844,65500113,786
       Cash And Cash Equivalents 
-113,786
0
0
134,278
163,717
257,527
190,081
182,753
563,442
585,292
482,389
457,784
569,327
422,890
618,874
647,706
743,030
649,533
753,362
793,664
1,062,395
881,205
871,399
897,946
880,341
1,111,678
1,178,616
1,362,406
980,309
922,264
1,273,119
1,344,146
1,493,636
1,205,872
1,362,815
1,388,901
1,441,137
1,110,441
1,012,444
1,121,981
1,366,223
1,332,131
1,528,690
1,528,6901,332,1311,366,2231,121,9811,012,4441,110,4411,441,1371,388,9011,362,8151,205,8721,493,6361,344,1461,273,119922,264980,3091,362,4061,178,6161,111,678880,341897,946871,399881,2051,062,395793,664753,362649,533743,030647,706618,874422,890569,327457,784482,389585,292563,442182,753190,081257,527163,717134,27800-113,786
       Short-term Investments 
227,572
0
0
0
0
0
0
8,626
5,837
5,144
13,045
5,888
5,146
4,273
4,959
3,997
7,221
3,734
6,748
3,386
14,530
3,752
4,719
1,986
1,210
3,187
3,081
1,448
1,995
1,784
2,209
1,935
7,249
3,558
9,222
7,068
3,488
3,483
36,127
5,568
60,145
51,096
52,580
52,58051,09660,1455,56836,1273,4833,4887,0689,2223,5587,2491,9352,2091,7841,9951,4483,0813,1871,2101,9864,7193,75214,5303,3866,7483,7347,2213,9974,9594,2735,1465,88813,0455,1445,8378,626000000227,572
       Net Receivables 
0
0
0
183,642
1,529,884
1,346,993
1,345,595
158,165
186,586
949,539
978,914
243,977
1,057,612
1,014,574
990,249
239,410
981,786
1,053,508
1,168,026
211,399
1,257,064
1,270,846
1,301,674
524,642
1,257,030
1,262,754
1,269,436
341,400
1,270,344
1,264,827
1,329,459
410,484
1,492,934
1,647,680
1,745,009
491,076
1,703,539
1,757,014
1,811,432
526,431
1,879,346
1,922,922
1,839,245
1,839,2451,922,9221,879,346526,4311,811,4321,757,0141,703,539491,0761,745,0091,647,6801,492,934410,4841,329,4591,264,8271,270,344341,4001,269,4361,262,7541,257,030524,6421,301,6741,270,8461,257,064211,3991,168,0261,053,508981,786239,410990,2491,014,5741,057,612243,977978,914949,539186,586158,1651,345,5951,346,9931,529,884183,642000
       Other Current Assets 
0
0
0
966,302
1,061,218
1,187,965
1,292,339
165,090
1,220,617
585,437
88,806
42,931
85,745
90,979
82,511
40,680
85,649
83,488
80,668
50,617
97,262
112,528
112,488
53,534
122,489
98,578
97,961
83,487
101,644
100,380
96,203
60,946
145,636
151,873
126,253
73,325
195,107
191,591
137,391
64,699
203,657
202,332
166,490
166,490202,332203,65764,699137,391191,591195,10773,325126,253151,873145,63660,94696,203100,380101,64483,48797,96198,578122,48953,534112,488112,52897,26250,61780,66883,48885,64940,68082,51190,97985,74542,93188,806585,4371,220,617165,0901,292,3391,187,9651,061,218966,302000
   > Long-term Assets 
-113,786
0
0
1,796,772
1,872,463
1,855,616
1,814,799
1,855,576
1,852,371
1,881,116
1,892,258
1,962,151
1,979,110
1,976,382
2,000,711
2,060,027
2,116,415
2,162,525
2,221,875
2,374,407
2,501,236
2,604,168
2,660,188
2,805,171
2,881,391
2,913,556
2,965,737
3,186,164
3,235,447
3,299,032
3,395,229
3,499,786
3,547,740
3,618,737
3,672,708
3,813,311
3,831,847
1,743,603
3,937,590
4,065,305
4,145,550
4,299,620
4,370,722
4,370,7224,299,6204,145,5504,065,3053,937,5901,743,6033,831,8473,813,3113,672,7083,618,7373,547,7403,499,7863,395,2293,299,0323,235,4473,186,1642,965,7372,913,5562,881,3912,805,1712,660,1882,604,1682,501,2362,374,4072,221,8752,162,5252,116,4152,060,0272,000,7111,976,3821,979,1101,962,1511,892,2581,881,1161,852,3711,855,5761,814,7991,855,6161,872,4631,796,77200-113,786
       Property Plant Equipment 
0
0
0
585,185
591,460
588,697
596,720
626,130
620,762
631,775
640,468
669,283
674,777
676,278
683,799
710,260
736,436
750,753
776,784
850,550
936,771
977,184
996,116
1,069,652
1,140,055
1,140,046
1,161,643
1,226,630
1,238,924
1,245,484
1,294,626
1,353,165
1,340,431
1,340,131
1,374,958
1,457,825
1,442,308
1,451,756
1,491,444
1,575,200
1,632,616
1,709,356
1,767,437
1,767,4371,709,3561,632,6161,575,2001,491,4441,451,7561,442,3081,457,8251,374,9581,340,1311,340,4311,353,1651,294,6261,245,4841,238,9241,226,6301,161,6431,140,0461,140,0551,069,652996,116977,184936,771850,550776,784750,753736,436710,260683,799676,278674,777669,283640,468631,775620,762626,130596,720588,697591,460585,185000
       Goodwill 
0
0
0
787,178
787,178
787,178
787,178
787,178
787,178
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182
785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182785,182787,178787,178787,178787,178787,178787,178000
       Long Term Investments 
0
0
0
0
0
48,000
2,000
1,000
1,000
0
0
0
28,074
28,864
29,566
30,038
29,427
31,841
32,451
32,134
33,793
35,119
36,910
38,716
36,816
38,806
40,721
42,841
44,377
46,908
49,019
54,509
57,513
58,251
58,768
59,534
63,674
66,203
65,648
67,671
69,231
72,253
75,312
75,31272,25369,23167,67165,64866,20363,67459,53458,76858,25157,51354,50949,01946,90844,37742,84140,72138,80636,81638,71636,91035,11933,79332,13432,45131,84129,42730,03829,56628,86428,0740001,0001,0002,00048,00000000
       Intangible Assets 
0
0
0
265,262
277,505
282,683
285,531
307,810
324,363
340,485
346,566
354,394
356,769
369,586
392,301
440,456
472,320
513,421
567,938
645,797
678,957
736,071
778,651
837,938
858,010
890,056
923,345
979,290
1,012,584
1,061,585
1,103,381
1,138,173
1,171,217
1,221,535
1,253,571
1,307,388
1,329,944
1,370,667
1,380,773
1,419,699
1,436,633
1,479,552
1,508,356
1,508,3561,479,5521,436,6331,419,6991,380,7731,370,6671,329,9441,307,3881,253,5711,221,5351,171,2171,138,1731,103,3811,061,5851,012,584979,290923,345890,056858,010837,938778,651736,071678,957645,797567,938513,421472,320440,456392,301369,586356,769354,394346,566340,485324,363307,810285,531282,683277,505265,262000
       Long-term Assets Other 
-113,786
0
0
46,111
0
0
10,730
10,858
11,811
19,413
17,602
11,967
0
0
0
0
0
0
0
0
2,501,236
2,604,168
2,660,188
2,805,171
2,881,391
0
0
0
0
0
0
0
0
0
0
0
0
-2,155,849
0
0
0
1,479,552
0
01,479,552000-2,155,8490000000000002,881,3912,805,1712,660,1882,604,1682,501,2360000000011,96717,60219,41311,81110,85810,7300046,11100-113,786
> Total Liabilities 
0
0
0
2,163,114
2,529,507
2,401,530
2,237,554
3,894,802
4,033,848
4,210,954
3,985,652
3,519,799
3,574,531
3,388,998
3,423,538
3,357,168
3,462,572
3,451,333
3,383,916
3,497,894
3,849,602
3,894,887
3,945,740
3,959,084
4,032,392
4,512,302
4,483,010
4,472,843
4,137,086
4,217,056
4,552,358
4,652,089
4,959,576
5,056,307
5,216,407
5,163,336
5,214,065
5,218,258
5,050,786
4,980,690
5,367,461
5,782,692
5,644,514
5,644,5145,782,6925,367,4614,980,6905,050,7865,218,2585,214,0655,163,3365,216,4075,056,3074,959,5764,652,0894,552,3584,217,0564,137,0864,472,8434,483,0104,512,3024,032,3923,959,0843,945,7403,894,8873,849,6023,497,8943,383,9163,451,3333,462,5723,357,1683,423,5383,388,9983,574,5313,519,7993,985,6524,210,9544,033,8483,894,8022,237,5542,401,5302,529,5072,163,114000
   > Total Current Liabilities 
0
0
0
1,222,167
1,267,153
1,263,863
1,137,587
1,628,654
735,422
819,156
833,845
717,886
798,001
744,095
737,228
713,689
796,948
757,959
684,925
742,794
756,423
811,048
741,936
804,610
780,415
684,258
703,741
790,490
829,776
857,519
914,853
991,529
1,100,777
1,050,612
970,813
1,060,066
1,098,995
1,124,219
1,090,527
1,120,136
2,055,608
2,421,129
2,841,660
2,841,6602,421,1292,055,6081,120,1361,090,5271,124,2191,098,9951,060,066970,8131,050,6121,100,777991,529914,853857,519829,776790,490703,741684,258780,415804,610741,936811,048756,423742,794684,925757,959796,948713,689737,228744,095798,001717,886833,845819,156735,4221,628,6541,137,5871,263,8631,267,1531,222,167000
       Short-term Debt 
0
0
0
491,320
461,380
428,039
389,453
-911,835
5,837
5,144
13,045
289,923
25,956
15,369
16,353
312,190
23,540
8,847
6,136
351,736
33,204
26,034
17,634
401,128
54,669
63,567
54,765
872,855
57,516
166,887
178,207
516,119
37,333
47,969
41,262
979,393
37,864
27,011
40,714
724,423
809,335
1,200,521
1,248,497
1,248,4971,200,521809,335724,42340,71427,01137,864979,39341,26247,96937,333516,119178,207166,88757,516872,85554,76563,56754,669401,12817,63426,03433,204351,7366,1368,84723,540312,19016,35315,36925,956289,92313,0455,1445,837-911,835389,453428,039461,380491,320000
       Short Long Term Debt 
0
0
0
0
0
567,000
579,000
2,260,000
2,442,000
0
0
0
1,870,124
1,754,668
16,353
306,031
23,540
8,847
6,136
352,409
33,204
26,034
17,634
401,128
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
788,676
1,177,783
1,222,706
1,222,7061,177,783788,6760000000000000000401,12817,63426,03433,204352,4096,1368,84723,540306,03116,3531,754,6681,870,1240002,442,0002,260,000579,000567,00000000
       Accounts payable 
0
0
0
535,707
573,203
577,939
448,568
507,499
500,868
574,390
535,794
614,888
631,769
603,189
543,002
607,505
628,045
628,568
546,858
653,751
646,652
686,327
607,794
711,539
664,239
625,867
639,978
713,807
687,505
720,904
693,945
797,832
797,358
791,722
762,651
902,968
860,736
937,841
812,800
930,560
902,324
940,375
859,235
859,235940,375902,324930,560812,800937,841860,736902,968762,651791,722797,358797,832693,945720,904687,505713,807639,978625,867664,239711,539607,794686,327646,652653,751546,858628,568628,045607,505543,002603,189631,769614,888535,794574,390500,868507,499448,568577,939573,203535,707000
       Other Current Liabilities 
0
0
0
271,287
370,760
225,182
116,880
-964,340
257,749
274,843
140,062
8,455
99,861
132,536
143,553
169,002
130,458
142,774
143,099
352,759
318,852
153,386
317,138
407,931
349,289
287,465
106,879
861,955
130,610
407,422
136,348
581,836
173,969
416,385
-178,592
1,168,734
-52,781
-77,420
-1,618
-919,801
815,310
-614,058
172,447
172,447-614,058815,310-919,801-1,618-77,420-52,7811,168,734-178,592416,385173,969581,836136,348407,422130,610861,955106,879287,465349,289407,931317,138153,386318,852352,759143,099142,774130,458169,002143,553132,53699,8618,455140,062274,843257,749-964,340116,880225,182370,760271,287000
   > Long-term Liabilities 
0
0
0
940,947
1,262,354
1,137,667
1,099,967
2,266,148
3,298,426
3,391,798
3,151,807
2,801,913
2,776,530
2,644,903
2,686,310
2,643,479
2,665,624
2,693,374
2,698,991
2,755,100
3,093,179
3,083,839
3,203,804
3,154,474
3,251,977
3,828,044
3,779,269
3,682,353
3,307,310
3,359,537
3,637,505
3,660,560
3,858,799
4,005,695
4,245,594
4,103,270
4,115,070
3,744,461
3,960,259
3,860,554
3,311,853
3,361,563
3,211,866
3,211,8663,361,5633,311,8533,860,5543,960,2593,744,4614,115,0704,103,2704,245,5944,005,6953,858,7993,660,5603,637,5053,359,5373,307,3103,682,3533,779,2693,828,0443,251,9773,154,4743,203,8043,083,8393,093,1792,755,1002,698,9912,693,3742,665,6242,643,4792,686,3102,644,9032,776,5302,801,9133,151,8073,391,7983,298,4262,266,1481,099,9671,137,6671,262,354940,947000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,724,745
2,282,967
2,360,104
2,591,327
2,630,011
0
0
0
0
0
0
0
0
0
0
0
000000000002,630,0112,591,3272,360,1042,282,9672,724,745000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
719,658
721,337
712,417
652,506
674,054
667,209
637,684
637,119
837,697
861,766
903,840
888,655
921,920
903,135
869,957
774,843
858,375
835,972
875,004
789,413
1,001,892
1,029,143
1,026,171
1,022,795
0
1,183,314
0
0
0
0
0
000001,183,31401,022,7951,026,1711,029,1431,001,892789,413875,004835,972858,375774,843869,957903,135921,920888,655903,840861,766837,697637,119637,684667,209674,054652,506712,417721,337719,658000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
286,000
0
0
0
0
0
0
0
407,771
0
0
0
610,442
0
0
0
800,772
0
0
0
938,475
0
0
0
1,107,141
0
0
0
1,264,467
0
0
0
0
0
0
0
00000001,264,4670001,107,141000938,475000800,772000610,442000407,7710000000286,0000000000
> Total Stockholder Equity
2,316,282
0
0
2,469,618
2,461,908
2,586,838
2,701,730
-25,123
88,944
106,156
229,006
324,995
475,652
510,138
645,861
778,678
894,170
924,134
1,226,048
1,348,722
1,473,536
1,376,735
1,386,846
1,481,290
1,529,709
1,340,540
1,517,346
1,785,186
1,943,473
1,909,521
2,055,693
2,205,898
2,332,059
2,258,072
2,402,172
2,592,857
2,801,495
93,207
2,834,516
3,060,888
3,274,583
3,099,842
3,336,951
3,336,9513,099,8423,274,5833,060,8882,834,51693,2072,801,4952,592,8572,402,1722,258,0722,332,0592,205,8982,055,6931,909,5211,943,4731,785,1861,517,3461,340,5401,529,7091,481,2901,386,8461,376,7351,473,5361,348,7221,226,048924,134894,170778,678645,861510,138475,652324,995229,006106,15688,944-25,1232,701,7302,586,8382,461,9082,469,618002,316,282
   Common Stock
0
0
0
3,778
0
3,778
3,778
3,778
2,504
2,504
2,504
2,504
2,504
2,504
2,504
2,504
2,504
2,504
2,504
2,504
2,504
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,573
2,5732,5732,5732,5732,5732,5732,5732,5732,5732,5732,5732,5732,5732,5732,5732,5732,5732,5732,5732,5732,5732,5732,5042,5042,5042,5042,5042,5042,5042,5042,5042,5042,5042,5042,5043,7783,7783,77803,778000
   Retained Earnings Total Equity0000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
2,289,506
0
0
-37,774
-109,858
-60,188
-34,542
-16,774
19,734
26,208
36,202
20,155
29,187
44,148
36,200
29,833
24,298
24,474
26,118
26,740
19,302
28,558
19,918
25,997
34,346
40,671
42,663
43,233
21,454
19,933
11,497
10,872
29,865
30,955
29,039
90,513
94,284
90,634
59,869
64,893
57,621
51,731
55,613
55,61351,73157,62164,89359,86990,63494,28490,51329,03930,95529,86510,87211,49719,93321,45443,23342,66340,67134,34625,99719,91828,55819,30226,74026,11824,47424,29829,83336,20044,14829,18720,15536,20226,20819,734-16,774-34,542-60,188-109,858-37,774002,289,506
   Capital Surplus 0000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000
   Other Stockholders Equity 
26,776
0
0
0
0
0
0
0
0
0
0
0
29,187
44,148
36,200
29,833
24,298
24,474
26,118
179,081
19,302
28,558
19,918
559,428
34,346
40,671
42,663
703,344
21,454
19,933
11,497
886,776
29,865
30,955
29,039
1,363,132
0
-2,632,088
0
0
0
0
0
00000-2,632,08801,363,13229,03930,95529,865886,77611,49719,93321,454703,34442,66340,67134,346559,42819,91828,55819,302179,08126,11824,47424,29829,83336,20044,14829,1870000000000026,776



6.3. Balance Sheets

Currency in EUR. All numbers in thousands.




6.4. Cash Flows

Currency in EUR. All numbers in thousands.




6.5. Income Statements

Currency in EUR. All numbers in thousands.


6.6. Latest Income Statement