Ferrari Stock and PEA: Comprehensive Analysis, Performance, Dividends, Valuation, and Eligibility

Rapid Overview of Ferrari on the Stock Exchange

Ferrari, an exceptional automobile manufacturer founded in 1947 in Maranello, embodies Italian excellence and has been a prominent presence on roads and circuits worldwide for decades. Its unique history, marked by successes in Formula 1, ensures one of the strongest brands globally. On the stock exchange, Ferrari is listed under the ISIN code NL0011585146 on Euronext Milan (Borsa Italiana) and in Germany via Xetra. At the close of November 11, 2025, its market capitalization approached €75 billion, attracting a large number of institutional and individual investors seeking growth, quality, and rarity in stocks.

The Ferrari stock was introduced to the stock exchange in 2016 following a split decided by the former owner, Fiat Chrysler Automobiles (FCA). Since its introduction, Ferrari has multiplied its market capitalization by more than 7 times, generating remarkable annualized performance, making it one of the most impressive European stock market journeys of the last decade. Its management, currently led by Benedetto Vigna, continues to pursue a strategy of luxury, innovation, and sustainable profitability.

Eligibility of Ferrari Stock for PEA: A Nuanced Reality

One of the major concerns for French investors is the eligibility of Ferrari stock for the Plan d’Epargne en Actions (PEA). The PEA allows investment in European shares while benefiting from advantageous taxation, provided that companies are domiciled within the European Union or the European Economic Area (excluding Liechtenstein). Ferrari N.V. is a Dutch corporation (Netherlands N.V.), listed in Milan and on Xetra, which theoretically meets the criteria for PEA eligibility.

However, actual eligibility depends on the treatment applied by each broker. In practice, according to the interpretation of French institutions and updates to their reference lists, Ferrari is available in some PEA accounts and absent from others. Therefore, it is essential to verify eligibility with your bank or asset management company before subscribing. There is never absolute automaticity, although most major platforms offer Ferrari stock as eligible for standard PEA. The stock is, however, not eligible for PEA-PME.

Note for purists: the holding of Ferrari in a PEA can exceptionally be reclassified in case of a change in the company's status or legal evolution of the scheme.

Ferrari Stock Price: Situation in November 2025

At the close of November 11, 2025, the price of Ferrari reached €360.20 on the Milan stock exchange. The stock experienced significant fluctuations throughout the year, ranging from a high of €492.80 to a low of €321.70. Over the past 12 months, performance stood at -15.7%, indicating a volatile year and a marked correction after a prolonged period of growth.

Over 6 months, the decline reached nearly 17.8% while over 5 years, the cumulative growth was spectacular, with more than 100% increase. Ferrari remains therefore a standout value, but subject to volatility cycles, particularly marked in 2025 within the context of macroeconomic uncertainties and sectoral rotations.

Historical Performance and Evolution of Valuation

Since its IPO, Ferrari has shown impressive growth. After a capitalization increase by 7.5 times in less than 10 years, the company has established itself as the jewel of the luxury automotive sector. Even though the 2025 fiscal year saw a slowdown, Ferrari's stock still shows solid medium and long-term growth, well above the European indices average.

Here is the evolution of the main valuation indicators over the last few years:

  • Market capitalization in November 2025: approximately 75 billion euros;
  • PER 2024: 41.60;
  • Estimated PER 2025: 39.23;
  • Estimated PER 2026: 35.20.

Therefore, Ferrari’s stock is priced at high multiples compared to the rest of the automotive sector, reflecting its extraordinary profitability, luxury positioning, and the relative scarcity of its shares. This premium is justified by profit growth, cost control, and operational margins superior to most competitors.

Ferrari Dividends: Policies and Perspectives 2025-2026

Ferrari pays annually increasing dividends to its shareholders, proving the group's ability to generate significant cash flows. Here are the recent amounts:

  • Dividend per share 2024: 2.72 euros;
  • Estimated dividend 2025: 3.05 euros;
  • Estimated dividend 2026: 3.69 euros.

Relative to the price on November 11, 2025, the estimated yield for 2025 is around 0.87%. It is a low yield typical of growth and luxury stocks, but supported by continuous improvement in results. Ferrari prioritizes long-term value creation and progressive distribution, avoiding any exceptional or speculative payouts.

Earnings, Revenue, and Financial Dynamics

Ferrari's profitability also stands out in the sector. For 2024, the net income per share reached 8.46 euros, and it is expected to reach 8.97 euros for 2025. The forecast for 2026 exceeds 10 euros per share. This trend confirms the group's ability to improve its annual result despite a less favorable global context in 2024-2025.

Ferrari also recorded a revenue of 6.677 billion euros for the 2024 fiscal year, up 11.8% year-over-year, demonstrating strong demand for its vehicles and services, including its highly sought-after limited editions.

This performance relies on a policy of volume control, ensuring exclusivity and high margins, a strategic positioning on the hybrid/electric segment, and the development of recurring revenues from customization, leasing, and exclusive experiences sales for international clientele.

Stock Volatility and Recent Graphical Analysis

The Ferrari stock remains historically volatile. Over the six months leading up to November 2025, the value experienced a negative variation of 17.8%, with a significant gap between highs and lows. However, the performance over five years shows a spectacular increase of more than 100%. The increased volatility in 2025 is explained by interest rate tensions, doubts about global growth, and a temporary slowdown in the luxury segment on the stock markets.

From a graphical standpoint, the analysts' consensus sets the target price for three months around €420.22, reflecting a theoretical upside potential of more than 16%. This reflects the market's persistent optimism regarding Ferrari’s ability to overcome these downturns.

Shareholding Structure and Governance

Ferrari maintains a solid shareholding structure dominated by EXOR (the holding company of the Agnelli family) and Piero Ferrari, the founder’s son. This stability is viewed positively by investors because it guarantees the continuation of a long-term strategy, independent of the rapid fluctuations of financial markets. CEO Benedetto Vigna, who has been in office since 2021, leads the transition towards electrification while maintaining the DNA of luxury and exclusivity.

  • EXOR: approximately 21.2% of the capital;
  • Piero Ferrari: 10.6%;
  • Free float (public and institutional investors): approximately 68.2%.

ESG Criteria, Environmental Impact, and Controversies

Investors increasingly consider ESG (Environment, Social, Governance) criteria in their decisions. In this regard, Ferrari’s ESG score is classified as "moderate," with relatively low CO₂ emissions compared to its revenue volume, at approximately 15 tons of CO₂ per million euros of revenue generated. Ferrari has not been involved in major recent controversies, but the company remains "under watch," particularly regarding its electrification strategy and management of its global supply chain.

Ferrari’s commitment to sustainability has intensified, with the introduction of hybrid models and the announcement of the first fully electric Ferrari model expected before 2030. However, the transition remains gradual to ensure customer loyalty and preserve the unique driving experience that makes the brand globally renowned.

Why Invest in Ferrari Stock? Key Strengths and Risks

Major Strengths:

  • Unique position in the luxury automotive segment, with an iconic and globally sought-after brand;
  • Sustained growth in revenues and profits, especially due to volume control and customization;
  • Financial strength, regular cash flow generation, and growing dividends;
  • Historical resilience, even during market crises;
  • A stable shareholding structure and long-term governance;
  • Innovation potential with the gradual introduction of hybrid and electric vehicles.

Main Risks:

  • Sensitivity to global economic cycles and demand related to the luxury sector;
  • High valuation multiples, making the stock vulnerable in case of disappointment regarding growth;
  • Regulatory and tax risk, particularly concerning eligibility for the PEA and international taxation;
  • Lagging behind in the transition to electric vehicles compared to some more advanced competitors in zero-emission mobility;
  • Increased market volatility in 2025, exacerbated by sectoral investor rotation.

Perspectives for 2026 and beyond

Beyond 2025, Ferrari remains positioned to continue its progress, relying on the valuation of its brands, product innovation, and the global expansion of its offerings, especially in Asia and the Middle East. The introduction of electrified models, the strengthening of its policy of scarcity (limited production, exclusive editions), and the diversification of revenue streams should enable the company to maintain solid margins.

Estimates for 2026 project an earnings per share of €10, a new increase in revenue, and a dividend distribution of nearly €3.70 per share. Analysts remain generally positive, although they advise caution due to valuation levels and the international macroeconomic context.

Frequently Asked Questions about Ferrari Stock and PEA

Is Ferrari stock still eligible for PEA?

Ferrari theoretically meets the eligibility criteria due to its domicile in the Netherlands and its European listing. However, actual eligibility varies among brokers. Before placing an order, always check the availability of the stock within the PEA envelope with your intermediary.

Why is the dividend yield low?

Ferrari pays an increasing but moderate dividend, prioritizing the retention of profits to fund innovation and preserve growth. A yield below 1% is typical of high-growth premium stocks.

What are the prospects for 2026?

Projections indicate a continuation of profit and dividend growth, driven by product innovation and global demand. The gradual electrification and diversification of Ferrari should support performance despite a volatile environment.

Conclusion: Ferrari, a Unique Value at the Heart of European Luxury Automotive

Ferrari stock remains one of the most sought-after by investors seeking prestige, growth, and resilience. Despite a turbulent year in 2025, its fundamentals remain strong: profitability, brand, management discipline, and anticipation of new trends (including electric vehicles). In PEA, Ferrari occupies a preferred position in many portfolios, subject to validation of actual eligibility by each financial intermediary.

Any investment decision on Ferrari must nevertheless take into account valuation levels, recent volatility, and upcoming challenges. It is advisable to adopt a diverse, patient, and informed approach, mirroring the philosophy that drives the most ardent collectors and enthusiasts of the prancing horse.