Ferrari: Few Near-Term Catalysts, Wait For A Dip

Ferrari: Valuation Isn't Attractive Ferrari released a lower than anticipated 2024 guidanoe. . evolution of EBIT. The adjusted operating profit reached €442 million and was up by 14.8% with a margin of 27.9%. For this reason, net profits reached €352 million, with adjusted EPS of €1.95. On the industrial free cash flow generation, the company reached €321 million in Q1. Source: Ferrari Q1 results presentation - Fig 2 Valuation and Conclusion Fig 6 Share 2) Fig 1 Starting with the CEO's words, Ferrari Q1 "wa ...