NIO Inc. (NIO) vs Ferrari N.V. (RACE)

NIO Inc. and Ferrari N.V. are both Auto Manufacturers companies. Ferrari N.V. is the larger, with a market value of $65.2B against $8.5B — 7.7× the size. NIO Inc. has negative trailing earnings, so its P/E is not meaningful; Ferrari N.V. trades at 38.2×. NIO Inc. grew revenue faster over the last twelve months: 74.3% against 13.3%. Ferrari N.V. has the higher net margin (22.3% vs −4.43%) and the higher return on invested capital (25.6% vs 0.00%). Across the 19 metrics below, Ferrari N.V. leads on 13 and NIO Inc. on 6.

Valuation

Metric NIO RACE Auto Manufacturers median
P/E n/m 38.18 8.14
P/S 0.54 8.44 0.90
P/B 15.10 17.01 1.16
Price to free cash flow n/m 43.91 19.78
EV/EBITDA n/m 22.48 7.18
EV/Sales 0.12 8.67 1.49
Earnings yield (7.54%) 2.62% (6.65%)
Free cash flow yield (76.71%) 2.28% (16.79%)

Profitability

Metric NIO RACE Auto Manufacturers median
Gross margin 17.35% 51.63% 7.51%
Operating margin (3.21%) 29.51% (10.38%)
Net margin (4.43%) 22.27% (4.32%)
Free cash flow margin 0.00% 19.23% 0.00%
Return on equity 0.00% 46.14% 0.00%
Return on assets (4.33%) 16.75% (6.30%)
Return on invested capital 0.00% 25.59% 0.00%

Growth

Metric NIO RACE Auto Manufacturers median
Revenue growth (TTM) 74.31% 13.31% 5.42%
EPS growth (last fiscal year) 35.10% 10.59% —
Revenue growth, 5-year CAGR 38.09% 15.39% 10.46%
Net income growth, 5-year CAGR 0.00% 21.08% 0.00%

Health

Metric NIO RACE Auto Manufacturers median
Debt to equity 2.34 0.86 0.25
Current ratio 1.02 4.85 1.10
Net debt to EBITDA 7.82 0.48 (0.04)

Dividend

Metric NIO RACE Auto Manufacturers median
Dividend yield — 0.66% 3.24%
Payout ratio 0.00 0.31 0.00

Size

Metric NIO RACE Auto Manufacturers median
Market cap 8.51b 65.16b 81.09m

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