Ferrari: This is why the share will continue to rise
In 2024, Ferrari sold 13,752 cars, one percent more. Sales rose by twelve percent to 6.7 billion euros. Earnings before interest, taxes, depreciation and amortization exceeded analysts' expectations with an increase of 15 percent to 643 million euros. As a result, UBS and Bernstein Research remain optimistic about the future development of the share.
Bernstein Research has left Ferrari's rating at "outperform". Following the sports car manufacturer's annual figures, analyst Stephen Reitman took a closer look at new launches and vehicle life cycles in a study published on Tuesday, as well as Ferrari's differentiation from a car manufacturer to a luxury goods company. Nowhere is the latter clearer than with the rarest models such as the Icona series. Reitman believes the stock has further potential. His price target is 575 US dollars.
The Swiss major bank UBS also recently raised its price target for Ferrari from 513 to 584 US dollars. The sports car manufacturer has set the stage for an exciting year, wrote analyst Susy Tibaldi after Ferrari's fourth-quarter figures.
New modelsThe fact is: The exceptional position in terms of margins, the appeal and the charisma of the brand is no coincidence. Ferrari rolls out new, unique models every year.
The 12Cilindri, introduced in May 2024, will be sold at a premium of around 30 percent over the established 812.
The Purosangue, which cost 390,000 euros, and the associated entry into the lucrative SUV segment was rewarded. The stylish four-door model quickly rose to third place among Ferrari's best-selling models.
Expectations for the new F80 are also high. The F80 model will only account for two percent of sales in 2025. However, the new super sports car could become one of the most important margin drivers in Ferrari's next five-year plan.
2025 - there may not be anything extraordinary, but rather normal growth. The focus will be on the 12-cylinder, the SF90XX and the F80 supercar. Four new models are also expected. One of them is the first fully electric car.
DER AKTIONÄR also remains optimistic about Ferrari. Although the valuation is very sporty with a price-to-sales ratio of 11 for 2025 and a price-to-earnings ratio of 45, the exceptional position in terms of margins, appeal and charisma of the brand allows for these multiples. The roll-out of new models will continue the trend in sales and profits. Production is sold out until 2026. Setbacks are still buying opportunities.
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