Ferrari is a company that designs and assembles luxurious cars. This was made in Italy and started an extension around the world. It began the number one about this type of cars.
Summary
Ferrari NV, known as Ferrari, is an Italy-based designer, manufacturer and retailer of sports cars that is incorporated in the Netherlands. It operates under the Ferrari brand. Its sports cars portfolio includes, among others, F12berlinetta, FF, Ferrari 488 GTB, 488 Spider, 458 Special, Ferrari California T, F12tdf and LA Ferrari. The Company also offers financing services through Ferrari Financial Services. It also produces limited series and one-off cars. The Company divides its regional markets in EMEA (Europe, the Middle East, India and Africa), Americas, Greater China and Rest of APAC (Asia-Pacific region, excluding Greater China) and is active in over 60 markets worldwide through a network of authorized dealers.
Main address is ubicated in Maranello, 41053, Italy and offer us a web where we can look some automobiles, like 488 pista Spider Series. Its web is: https://www.ferrari.com/en-US
Corporate
Name: Ferrari NV
Industry: Auto & Truck Manufacturers
Sector: Consumer Cyclical
IPO
What was the purpose? This is an initial public offering of common shares of Ferrari N.V. (“Ferrari”). Fiat Chrysler Automobiles N.V. (“FCA”) is selling 17,175,000 common shares of Ferrari, equal to approximately 9 percent of the Ferrari share capital. We are not selling common shares and we will not receive any of the proceeds from the sale of common shares by FCA. Prior to this offering, there has been no public market for our common shares.
Contrasting main things
Exchange: New York Stock Exchange.
| October 2015 | March 5th, 2019 | Change | |
| Employees | 2858 | 3287 | 26% |
IPO and the change
| October 2015 | March 5th., 2019 | Change | ||
| Share Price | $52.00 | Share Price | $131.76 | 153% |
| Shares Offered | 17,175,000 | Shares Outstanding | 245,138,962 | 1327% |
| Offer Amount (Share Price X Shares Offered) | $893,100,000 | Market Cap (millions) | $32,299,509,63 | 3517% |
Financial Summary
We present information about Quarterly Income Statement:
Observed. Although revenues and gross profit was higher during second quarter, operating income was higher, and, in consequence, net income was low.
Last quarter registered was the jul-sep. Here, revenues were lower than other quarters. Put attention in this point. What happens when a company reduces its Operating Income? Increases its net income. In this quarter Net income improved in 79.02%. Also, it improved some profitability ratios, such as Net Profit Margin and Return on Investment. We can look better that in the next graphic:
Quarterly Balance Sheet
Assets are better than other quarters. In this context, current assets are higher. It is due to the inventory rotation. Each quarter, news products are bought to assemble news Ferrari´s cars.
In current liabilities are lower together with Equity. It sends us good signals about a good finance.
Trend
During the last 3 months, Race´s stock followed 2 trends, first, a bearish from December 10th until beginning of January. From here, this trend has remained, with small variations.
Conclusion
This analyze offer us important information about Ferrari´s company. If we observe behavior of the Balance Sheet and Income Stament together with different ratios, we have an idea about a good management of resources such as equity and assets. Analyzing the graphic, Ferrari Company has presented a bullish trend and this trend will follow during some weeks. Of course, it´s depends of a good cash flows and other things.
