` RACE (Ferrari NV) vs BMW (Bayerische Motoren Werke AG) Comparison - Alpha Spread

RACE
vs
BMW

Over the past 12 months, RACE has underperformed BMW, delivering a return of -17% compared to the BMW's +17% growth.

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RACE
BMW
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Valuation Comparison

RACE Intrinsic Value
97.16 EUR
Overvaluation 70%
Intrinsic Value
Price €321.1
BMW Intrinsic Value
96.63 EUR
Undervaluation 13%
Intrinsic Value
Price €84.22
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Ferrari NV
MIL:RACE
321.1 EUR
Bayerische Motoren Werke AG
XETRA:BMW
84.22 EUR
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Growth Comparison

Growth Over Time
RACE, BMW

RACE
BMW
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Ferrari NV
Revenue
Bayerische Motoren Werke AG
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
RACE, BMW

RACE
BMW
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Ferrari NV
MIL:RACE
Bayerische Motoren Werke AG
XETRA:BMW
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What is Free Cash Flow?

Gross Margin

RACE
51.7%
BMW
15.4%

Operating Margin

RACE
29.3%
BMW
6.6%

Net Margin

RACE
22.3%
BMW
5.5%

FCF Margin

RACE
19.7%
BMW
-2%

ROE

RACE
42.9%
BMW
7.8%

ROA

RACE
16.7%
BMW
2.7%

ROIC

RACE
23%
BMW
2.8%

ROCE

RACE
30.1%
BMW
4.8%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
RACE, BMW

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Performance Gap
RACE, BMW

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RACE
BMW
Difference
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Performance By Year
RACE, BMW

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RACE
BMW
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Compare RACE to other stocks
DAI
Daimler AG
More expensive
vs RACE
GM
General Motors Co
Cheaper
vs RACE
F
Ford Motor Co
Cheaper
vs RACE
RNO
Renault SA
Cheaper
vs RACE
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett