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Automakers are considered a good option for diversifying an investment portfolio. Some securities of such companies, such as Ferrari stock, bring investors additional income in the form of dividends. Before investing in a luxury sports car manufacturer, familiarize yourself with its financial report and share price performance.
Ferrari N.V. is an Italian manufacturer of luxury sports cars. The history of the brand began in 1947. The founder of the company is Enzo Ferrari, who first worked as a racing driver in the factory team of Alfa Romeo. Later he became a specialist in the preparation of cars for racing. The experience he gained allowed Ferrari to establish his own company for the production of luxury sports cars.
The company's IPO was held in 2015. At the time, investors could buy Ferrari stock on the New York Stock Exchange for $52. In total, the automaker placed securities at the IPO for a total value of $980 million.
Ferrari's stock is now traded on the NYSE under the ticker RACE. Investors can trade the automaker's securities during the NYSE's main trading session, which runs from 16:30 to 23:00 Moscow time. Ferrari Stock is also available to traders on the MSE Milan Stock Exchange. It is also possible to invest in RACE stock through an online broker.
Ferrari N.V. has several subsidiaries that design, manufacture and sell sports cars. Different types of vehicles are produced under this brand: sports, track, racing, GT, and Icona. The company also produces specialized series of cars. Ferrari offers customers parts for their cars, and also provides after-sales service.
The brand cooperates with official dealers, of which there were more than 170 at the end of 2021. You can buy Ferrari cars in the sports car manufacturer's brand stores, on its official website, and at outlets that cooperate with the company's representatives.
Unlike many other companies, Ferrari recovered quickly from the coronavirus pandemic. In just a few months, the brand managed to come out of the slump. This can be explained by the fact that Ferrari produces cars in smaller quantities than many other manufacturers. At the same time, sports cars of this company belong to a luxury class and have a high price.
Ferrari CEO Benedetto Vigna announced the reorganization of the company and changes in the management team at the beginning of 2022. These changes are related to the brand's plans to electrify its cars shortly. Thus, the position of director of product development is now headed by Gianmaria Fulgenzi. Previously, she headed the supply chain in the company's racing division.
After releasing its first quarterly report in 2022, the company's management confirmed its revenue forecast for the current year. Adjusted EBITDA is expected to be in the range of €1.65-1.70 billion.
The company presented its financial report for the first quarter of 2022. During the three months, the company generated revenues of €1.19 billion, up 17% from the same period in 2021. In the first quarter of 2022, Ferrari stock brought investors a profit of €1.30 per security. The company posted a net income of €238 million, up 16% from last year for the same reporting period. The company's profitability was 20%, the same level as in the first quarter of 2021.
Ferrari's revenue in the first quarter of 2022 is in line with analysts' forecasts. By 2022, experts expect this indicator to grow by 11%. Investors note that Ferrari's stock price has been growing at a rate of 13% per year. At the same time, the annual profit per security increased by 5% per year.
In March 2020, Ferrari's stock price was hovering at $152. After the pandemic began, the value of the automaker's securities went up.
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In May 2021, the company's stock was trading at $210. On May 27, 2022, the rate is hovering around $197.
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