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The Italian automaker has performed well in the 2022 stock market race despite the obstacle of rising interest rates. Compared to Tesla, its capitalization multiples have fallen six times slower and show a 20-30% premium to Elon Musk’s firm.
For lack of not winning a Grand Prix for years, the prancing horse brand is making up for it on the stock market. Indeed, the stock has lost only 6% since January 1, while net estimates per share have increased by 2.5% in 2022.
In a complicated economic context, with rising raw materials and energy costs, the automotive sector is trying to stay on course. The Italian family-owned company has thus put itself on the waiting list for deliveries of its new SUV, the Purosangue, which will bring it some profitability.
Ferrari, the second largest car subsidiary of the Agnelli family, after Stellantis (Psa/Fiat), confirms its luxury status by posting a premium of around 3% on its five-year average valuation multiples.
Tesla, its direct competitor, cannot say the same. Elon Musk’s company was almost two and a half times more valued at the beginning of the year, or 20 to 30% less than the Italian firm.
Last June, Ferrari was trading at a 20% discount to its five-year historical average. It has since been made up thanks to the presentation of the new 2022-2026 strategic plan and the success of pre-orders for the Purosangue.
Read also >EssilorLuxottica x Ferrari : a strengthened partnership
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The Italian automaker has performed well in the 2022 stock market race despite the obstacle of rising interest rates. Compared to Tesla, its capitalization multiples have fallen six times slower and show a 20-30% premium to Elon Musk’s firm.
For lack of not winning a Grand Prix for years, the prancing horse brand is making up for it on the stock market. Indeed, the stock has lost only 6% since January 1, while net estimates per share have increased by 2.5% in 2022.
In a complicated economic context, with rising raw materials and energy costs, the automotive sector is trying to stay on course. The Italian family-owned company has thus put itself on the waiting list for deliveries of its new SUV, the Purosangue, which will bring it some profitability.
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The Italian automaker has performed well in the 2022 stock market race despite the obstacle of rising interest rates. Compared to Tesla, its capitalization multiples have fallen six times slower and show a 20-30% premium to Elon Musk’s firm.
For lack of not winning a Grand Prix for years, the prancing horse brand is making up for it on the stock market. Indeed, the stock has lost only 6% since January 1, while net estimates per share have increased by 2.5% in 2022.
In a complicated economic context, with rising raw materials and energy costs, the automotive sector is trying to stay on course. The Italian family-owned company has thus put itself on the waiting list for deliveries of its new SUV, the Purosangue, which will bring it some profitability.
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