Richemont: Making Strides Towards The Luxury Big Leagues (Rating Downgrade) [Seeking Alpha]
Ferrari N.V. Common Shares (RACE)
Last ferrari n.v. common shares earnings: 2/4 05:58 am
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US:NYSE Investor Relations:
corporate.ferrari.com/en/investors
Company Research
Source: Seeking Alpha
Following a decent FY24, Richemont continued to undergrow high-lux peers, and saw its profitability drop materially. The company's unique spot in the sector is reflected by its valuation, which is slightly too high. Consensus estimates are also too optimistic. Compagnie Financière Richemont SA ( OTCPK:CFRHF OTCPK:CFRUY ), owner of Cartier, Van Cleef & Arpels, Buccellati, Montblanc, and multiple other renowned jewelry brands, is in its own unique category within the luxury sector. Primarily focused on jewelry and watches, Richemont is a conglomerate that's viewed by the market as being mediocre, as reflected by its relative multiple compared to peers. Let's see if the discount is justified following a decent FY24. Introduction I've been covering Richemont on Seeking Alpha for almost a year now, and it's been quite an eventful period. Following several years of severe underperformance which culminated in takeover rumors , it seems like ownership and management got the t
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RACE
News
- Ferrari N.V.: Periodic Report on the Buyback ProgramGlobeNewswire
- Ferrari N.V.: Periodic Report on the Buyback ProgramGlobeNewswire
- China's Silk Road to Sell Its Full Stake in Tiremaker Pirelli [BNN Bloomberg (Canada)]BNN Bloomberg
- Ferrari (NYSE: RACE) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Ferrari N.V.: Periodic Report on the Buyback ProgramGlobeNewswire
RACE
Earnings
- 5/7/24 - Miss
RACE
Sec Filings
- 6/10/24 - Form 6-K
- 6/4/24 - Form 6-K
- 5/28/24 - Form 6-K
- RACE's page on the SEC website