Ferrari, Not Your Average Car Maker
Ferrari is not an auto manufacturer. They are an ultra-luxury toy producer. Obviously they do design and produce cars, but that’s not the proper way to view the business. Ferrari has a market cap of $40 Billion. For reference, in 2018 Ferrari shipped 9,251 vehicles. Ford on the other hand, a $35 Billion business, delivered 2,497,318 vehicles. Ferrari is delivering less than .4% of Ford’s annual delivery numbers and still commands a higher valuation. So what makes Ferrari so v
The Forever Businesses
Some stocks just take care of themselves. It could be the quality of the business model, no competition, or the stellar executive team (ideally all three), but whatever it is, certain stocks require little upkeep. Obviously, you can’t just buy something and literally forget about it for forty years. Earnings letters need to be read, and business plans evolve. You don’t want to end up owning the Sears of the 2050s and not know it. But that’s typically the only work needed to s
Fundamental Analysis of Ferrari
On the latest Fundamental Analysis Show we discussed Ferrari (RACE), the Italian automaker and luxury brand. Highlights from the Show: $40 billion market cap 23.7% operating margin Q3 revenue of $1 billion, up 9% YoY Q3 FCF up 45% Listen to the full show: Spotify Apple Podcasts Google Podcasts https://open.spotify.com/episode/5fC9kcigG6vaAKDdrl7UEu #Stocks #Investing #Podcast #FundamentalAnalysis #Finance #Ferrari