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Ferrari Group (FERGR) Fair Value & Analysis

Industrials · NL · Market cap €726M

FG Ferrari Group FERGR · AS
Price€8.01
Fair Value€11.66
Upside+45.6%
Quality71/100
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Healthy Growth
Solidly profitable · 14.1% net margin
Low debt · generates free cash flow
4.25% dividend yield
Ranks above peers (9/14)
Wide moat 70/100
Evidence: Medium Range €8.74 – €14.33 Share as image

Fair value as of: Jul 14, 2026

From 26 valuation models · updated 26 days ago

Fair value updated Jul 14, 2026, revised from €11.28 to €11.66 (+3.4%) since Jun 24, 2026. Share price +3.5% over the past month.

A solid business, screening 46% undervalued on our models.

What matters now

  • The rarer combination: high quality (71/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (€8.74). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (18 months)

€10.67 €6.06 Fair Value €11.66 Feb 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

18‑month range €6.06 – €10.67 · fair‑value band €8.74 – €14.33 · the €8.01 price screens below the €11.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Ferrari Group (FERGR) currently trades at €8.01, while our model-based Fair Value estimate is €11.66, implying the stock looks roughly 45.6% undervalued today. The Quality Score stands at 71/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Ferrari Group generated revenue of €359M at a net margin of 14.1%. Revenue declined 5.1% year over year. It earns a return on equity of 24.4%. The balance sheet holds a net cash position of €97.4M. Fundamentals as of Jul 14, 2026

Our scenario range runs from €8.74 (bear case) to €14.33 (bull case); at €8.01, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 46%, FERGR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €8.83 €12.38 €17.16 80
Residual Income €3.03 €3.80 €10.60 76
Rev-Margin DCF €6.32 €8.62 €11.41 74
All 26 models by family
DCF Models
FCF DCF €8.84 €12.67 €18.04 38
Owner Earnings €7.74 €10.99 €15.56 31
5Y Revenue Exit €6.32 €8.54 €11.32 39
5Y EBITDA Exit €8.57 €12.90 €18.04 41
5Y P/E Exit €9.39 €14.49 €20.00 38
10Y Revenue Exit €7.17 €9.39 €12.33 36
10Y EBITDA Exit €8.59 €12.21 €17.18 37
10Y P/E Exit €9.07 €13.24 €18.59 35
Earnings-Based
Graham-Dodd €3.77 €13.93 €18.81 54
Lynch FV €3.33 €4.76 €6.19 50
PEG = 1.0 €3.33 €4.76 €6.19 46
EPV €5.44 €5.97 €6.41 59
Dividend Discount
Gordon GGM €2.56 €4.62 €6.36 70
DDM Multi-Stage €2.56 €4.22 €4.93 61
Multiples
P/E Multiple €9.16 €12.21 €15.27 63
P/S Multiple €3.54 €4.72 €5.90 58
P/B Multiple €7.03 €9.37 €11.71 55
EV/EBIT €9.98 €12.79 €15.60 53
EV/EBITDA €9.22 €11.77 €14.32 54
EV/Revenue €4.86 €6.28 €7.70 43
Asset-Based
NCAV (Graham) €1.17 €1.57 €2.34 50
Growth DCF
Growth DCF €8.83 €12.38 €17.16 80
Rev-Margin DCF €6.32 €8.62 €11.41 74
Economic Profit
Residual Income €3.03 €3.80 €10.60 76
ROIC Compounder €5.64 €6.42 €7.22 72
Growth Earnings
Growth-Adj P/E €6.41 €9.15 €11.90 68

Widest divergence: DCF Models (€12.21) versus Asset-Based (€1.57). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €359M
Revenue growth (YoY) -5.1%
Net margin 14.1%
Return on equity 24.4%
Free cash flow €67.7M FY2025
P/E ratio 14.2
More key figures
Operating margin 18.3%
EPS (TTM) €0.5600
Dividend yield 4.3%
EPS growth (YoY) +73.3%
Net cash €97.4M FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 72 · Market factors (momentum, volatility) 36

Profitability 73
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 88
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Ferrari Group PLC provides shipping, integrated logistics, and value-added services for jewelry and precious goods in Europe, Asia, North America, Brazil, and internationally.

Full company description

Ferrari Group PLC provides shipping, integrated logistics, and value-added services for jewelry and precious goods in Europe, Asia, North America, Brazil, and internationally. The company offers freight forwarding, ground transportation, and security services; ground transportation, and security services; VAT identification services for non-residents; custom solutions and security services for jewelry and watches exhibitions, and trade shows; warehousing services comprising inventory, assembling, and packing services; and tax, hand carry, white gloves, red carpet, and private shopping experience services, as well as on-location services for filming and photo shootings. It also provides packaging, handling, storage, and insurance solutions for artworks; quality control services, including jewelry checks and general/functional checks for watches; after-sales services; and hallmarking services. The company was founded in 1959 and is headquartered in London, the United Kingdom. Ferrari Group PLC operates as a subsidiary of Deiana Holding Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ferrari Group reported revenue of €359M in FY2025 versus €236M in FY2021, a compound +11.1%/yr. Reported net income was €50.7M in FY2025, compounding +5.8%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€359M
Latest YoY
+3.0%
Avg. growth/yr (3Y)
+5.0%
Avg. growth/yr (5Y)
+16.9%
Revenue +11.1%/yr
FY21 €236M
FY22 €310M
FY23 €333M
FY24 €349M
FY25 €359M
Net income +5.8%/yr
FY21 €40.4M
FY22 €52.8M
FY23 €52.9M
FY24 €55.5M
FY25 €50.7M

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Cite: Fair Value Calculator (2026). "Ferrari Group Fair Value". https://www.fairvalue-calculator.com/stock/FERGR

Peer Group

Integrated Freight & Logistics · 219 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 71 · Top 25%
Fair Value upside +46% · Above median
Return on equity (TTM) 24% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth -5% · Below median
Dividend yield (TTM) 4.3% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 14.2× · Cheaper than median
P/B 3.92× · Pricier than 75% of peers
P/S (TTM) 2.34× · Pricier than 75% of peers
P/FCF 12.4× · Pricier than 75% of peers
EV/EBITDA 11.4× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 94 · sector 45
FUTURE 0 · sector 8
PAST 98 · sector 26
HEALTH 100 · sector 94
DIVIDEND 85 · sector 55

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%

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Frequently asked questions

Is Ferrari Group (FERGR) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of €11.66 versus a price of €8.01, about +46% (undervalued).
What is the fair value of FERGR?
Our model-based fair value for Ferrari Group is €11.66 (as of Jul 14, 2026), built from audited fundamentals. The current price is €8.01.
What is the quality score of FERGR?
Ferrari Group has a Quality Score of 71/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Ferrari Group (FERGR)?
Ferrari Group reported trailing-twelve-month revenue of about €359M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of FERGR?
The net profit margin of Ferrari Group is about 14.1%, meaning it keeps roughly 14.1% of revenue as net income. Based on the latest reported figures.
Does Ferrari Group pay a dividend?
Ferrari Group currently shows a dividend yield of about 3.95% relative to its recent price (as of Jul 14, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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