Core Insights - Ferrari has demonstrated exceptional performance as an investment, with its stock soaring 773% since its 2015 IPO, significantly outperforming the S&P 500's 229% gain [2] - The company possesses a unique economic moat in the competitive automotive industry, characterized by its brand strength, superior margins, and high customer loyalty [14] Financial Metrics - The operating cash flow (OCF) to sales ratio indicates Ferrari's efficiency in converting sales into cash, with Ferrari more than doubling many competitors in this metric and consistently improving it over the past three years [7][8] - Ferrari's return on invested capital (ROIC) is a key indicator of its ability to generate profits from capital, with the company trading at a price-to-earnings ratio of 46 times, compared to the industry average of approximately 17 times, reflecting its status as an ultra-luxury stock [12][11] Brand and Market Position - Ferrari's brand embodies exclusivity and high performance, supported by its impressive racing heritage and financial success, making it a cornerstone investment in automotive stocks [13][15] - The upcoming launch of the F80, priced at nearly $4 million, exemplifies Ferrari's high and sustainable pricing strategy, further solidifying its market position [14]