Ferrari N.V. (RACE) vs Rivian Automotive, Inc. (RIVN)

Ferrari N.V. and Rivian Automotive, Inc. are both Auto Manufacturers companies. Ferrari N.V. is the larger, with a market value of $67.3B against $19.4B — 3.5× the size. Rivian Automotive, Inc. has negative trailing earnings, so its P/E is not meaningful; Ferrari N.V. trades at 38.2×. Ferrari N.V. grew revenue faster over the last twelve months: 11.1% against 11.1%. Ferrari N.V. has the higher net margin (22.5% vs −45.9%) and the higher return on invested capital (26.7% vs −46.0%). Across the 18 metrics below, Ferrari N.V. leads on 13 and Rivian Automotive, Inc. on 5.

Valuation

Metric RACE RIVN Auto Manufacturers median
P/E 38.24 n/m 16.63
P/S 8.56 2.98 0.46
P/B 16.53 3.38 1.20
Price to free cash flow 41.78 n/m 18.75
EV/EBITDA 22.52 n/m 7.07
EV/Sales 8.74 2.82 1.76
Earnings yield 2.62% (16.83%) (15.52%)
Free cash flow yield 2.39% (21.68%) (21.75%)

Profitability

Metric RACE RIVN Auto Manufacturers median
Gross margin 52.20% 9.17% 13.66%
Operating margin 29.81% (52.95%) (5.17%)
Net margin 22.53% (45.88%) (4.28%)
Free cash flow margin 20.50% (64.69%) 0.00%
Return on equity 43.93% (55.05%) 0.00%
Return on assets 16.99% (19.22%) (2.85%)
Return on invested capital 26.68% (46.00%) 0.00%

Growth

Metric RACE RIVN Auto Manufacturers median
Revenue growth (TTM) 11.11% 11.05% 3.87%
EPS growth (last fiscal year) 10.59% 34.54% 6.94%
Revenue growth, 5-year CAGR 15.39% — 13.65%
Net income growth, 5-year CAGR 21.08% 0.00% 0.00%

Health

Metric RACE RIVN Auto Manufacturers median
Debt to equity 0.80 0.78 0.33
Current ratio 4.94 2.18 1.11
Net debt to EBITDA 0.48 0.59 (0.04)

Dividend

Metric RACE RIVN Auto Manufacturers median
Dividend yield 1.00% — 1.43%
Payout ratio 0.38 — 0.13

Size

Metric RACE RIVN Auto Manufacturers median
Market cap 67.28b 19.40b 788.04m

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