|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||148.40 - 150.75|
|52-week range||84.08 - 152.60|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds" when equipped with an optional performance package, the automaker claims.
Sebastian Vettel said he had struggled to get the right feel for his Ferrari after qualifying a disappointing sixth at the British Grand Prix on Saturday. The four-times world champion, and last year's race winner at Silverstone, will line up a row behind Monegasque team mate Charles Leclerc, in third, and with both the Red Bulls also ahead of him. It was the third race in a row that Vettel had been out-qualified by the 21-year-old, in Leclerc's first full season with Ferrari.
(Bloomberg) -- After a share-price slump that’s wiped out close to half its value since a listing last October, Aston Martin Lagonda is hoping that the informal setting of the Goodwood motor-racing gala will help win over investors who thought they were buying into another Ferrari NV.The Festival of Speed, a four-day celebration of sports and high-performance autos held in parkland near England’s south coast, offers a chance to lay out the group’s strategy in a less formal manner than the usual results presentations and slide shows, and with a lineup of the company’s supercars to illustrate the point, Chief Executive Officer Andy Palmer said in an interview.“We have a number of important people in the financial community coming, including bankers and investors,” Palmer said, adding that the focus will be on explaining his so-called Second-Century Plan, which calls for a capital-intensive rollout of seven new models over seven years.Aston Martin is struggling to convince the market that it can match the success of Ferrari in making the leap from niche player to successful listed company as its stock languishes 45% below the price of last year’s initial public offering. While the group aims to double output to 14,000 autos by 2023, growth is effectively on hold until the DBX sport utility vehicle debuts next year.“The narrative of the plan, the DBX, de-risking and the luxury market is not a story you can tell through newspaper headlines, so we will take every opportunity, every touch point with investors,” Palmer said, adding that the task hasn’t been made any easier by the fact that the company is the first automaker to feature on Britain’s benchmark FTSE-100 index in 30 years.With its focus on sports and racing models, the Goodwood festival also provides a unique opportunity to showcase Aston Martin in an environment where its autos can demonstrate their prowess on the site’s famous hill-climb track.“It’s very useful to be able to deliver the narrative with props -- the actual cars on the track,” he said. “It’s better than a traditional motor show in that we can demonstrate the dynamic credentials of our cars.”Palmer said the share price decline doesn’t mean investors have lost confidence, and that the bulk of backers from the company’s listing remain. Shorting of the stock has diminished and the share price should begin to benefit, he said, especially as the DBX moves toward its sales debut next year.More Believers“When we IPO-ed people bought in at 19 pounds and most of those are still here,” he said. “Clearly the Second Century plan is ambitious and up to a point you either believe it or you don’t. But the closer we get to the DBX the greater the proportion of people who will believe.”Aston Martin was hit by its first new sell recommendation in eight months on June 20 as Panmure Gordon said the IPO had rewarded selling shareholders while leaving the company without the funds to match Ferrari. It gave the stock an 802 pence price target, 24% below the current level.Aston Martin, based in Gaydon, England, aims to build between 7,100 to 7,300 cars this year. Palmer said the second quarter has been much like the first, with earnings to be weighted toward the end of the year.The trade war between the U.S. and China has had no impact at all, the CEO said, with no evidence of the softness in sales in the Asia nation that has affected some producers in the premium and mass markets.Should clashes between the U.S. and European Union escalate into auto tariffs, ultra-luxury carmakers are likely to be equally hit, since all are European, Palmer said, so that subsequent price hikes wouldn’t favor any one company.Aston Martin is continuing to work on plans for coping with a no-deal Brexit, but Palmer said it gets only 17% of sales from mainland Europe and 25% from the U.K., giving it a comparative advantage over the likes of Ferrari if U.K.-EU tariffs were introduced. A collapse in the pound would also boost exports.The former Brexit deadline of March 29 provided a dry run for addressing supply-chain disruption, with parts imported through Portsmouth and Immingham as well as Dover, and stocks built up to five days of production from two or three. The extra inventory hasn’t been fully run down but will need building up if an un-negotiated split looks likely, Palmer said.To contact the reporter on this story: Christopher Jasper in Goodwood, England at email@example.comTo contact the editors responsible for this story: Anthony Palazzo at firstname.lastname@example.org, Andrew NoëlFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Valtteri Bottas and Max Verstappen crashed in an accident-strewn Austrian Grand Prix practice on Friday while Charles Leclerc stayed out of trouble and sent Ferrari back to the top of the timesheets. Bottas was sent to the medical centre as a precaution after smashing head-on into the barriers at the downhill turn six, with his badly damaged Mercedes brought back to the pits on a truck. The incident on a gusty day at the Red Bull Ring brought out red flags for the second time in an error-strewn afternoon session, with last year's race winner Verstappen also caught out.
Ferrari have poured cold water on speculation they have discovered an aerodynamic mapping error that has cost them precious lap time in the battle with Formula One champions Mercedes. The sport's oldest and most successful team looked as if they were a step ahead in pre-season testing but Mercedes have won all seven races so far, including one-two finishes in the first five. Motorsport magazine reported speculation an 'aero glitch', a discrepancy between the wind tunnel and track data, had cost Ferrari 0.3 seconds a lap.
Mercedes dominated French Grand Prix practice on Friday with Formula One championship leader Lewis Hamilton and team mate Valtteri Bottas each top of the timesheets in soaring temperatures. Ferrari, whose attempt to overturn the result of the previous Canadian race and have Sebastian Vettel restored as winner was later dashed by stewards, were once again the best of the rest.
Ferrari will not formally appeal the penalty that cost Sebastian Vettel victory in the Canadian Grand Prix, the team said on Thursday, but could still seek a review of the decision by presenting fresh evidence. The team had said on Sunday they intended to appeal after stewards handed Vettel a five-second penalty for going off track and returning in what they deemed to be an unsafe fashion.
Ferrari will not formally appeal the penalty that cost Sebastian Vettel victory in the Canadian Grand Prix, sources said on Thursday, but could still seek a review of the decision by presenting fresh evidence. The deadline for the Formula One team to lodge a formal protest is Thursday evening, 96 hours after the end of the race in Montreal. A source at the governing International Automobile Federation (FIA) told Reuters the team would not be making a formal appeal.
Of course the 2CV wasn’t as fast a Ferrari -- unless the Ferrari had the brakes on. If only one could say the same of today’s ads for retirement products. This suggests that the annuity could have delivered a return slightly better than the S&P 500, but without the latter’s volatile swings.
Ferrari has finally cracked open the door for electrification. The Italian supercar manufacturer unveiled the SF90 Stradale, its first plug-in hybrid. Purists might turn their noses up to Stradale's mere 15.5 miles of all electric range.
Ferrari presented a luxury car with a difference on Wednesday -- a hybrid model that can cruise silently through city streets on electric power as well as hitting a top speed of 340 km per hour. Fitted with a 1,000 horsepower engine developed from Formula One, the new 4WD SF90 Stradale hybrid sports car was proudly displayed at the company's historic base in Maranello, near Modena, in northern Italy. Chief Executive Louis Camilleri described the new car as "astounding, fast and completely revolutionary".
Lewis Hamilton withstood lap after lap of intense pressure on worn tyres to win a nail-biting Monaco Grand Prix on Sunday in a triumphant tribute to his Mercedes team's late Formula One great Niki Lauda. The Briton, who now has 77 career wins and a 17-point lead over team mate Valtteri Bottas in the championship, had called for a miracle as Red Bull's Max Verstappen filled his car's mirrors, with the pair banging wheels late on.
Why Ferrari’s Q1 Results Impressed Investors(Continued from Prior Part)Analysts on Ferrari stockAccording to the latest consensus data compiled by Thomson Reuters, 36% of analysts covering Ferrari (RACE) gave its stock “buy” recommendations.
Why Ferrari’s Q1 Results Impressed Investors(Continued from Prior Part)Ferrari’s EV-to-EBITDA multipleAs of May 8, Ferrari’s (RACE) forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization)
Ferrari had hoped to step up and take the fight to dominant Mercedes at the Spanish Grand Prix on Sunday but ended up with their weaknesses exposed and even further off the pace. Team boss Mattia Binotto said the experience would ultimately make Ferrari stronger but the disappointment was evident. Mercedes have now won the first five races one-two while Ferrari have taken just three third places and were off the podium entirely at the Circuit de Catalunya, behind Red Bull's Max Verstappen.
Lewis Hamilton roared back to the top of the Formula One world championship with a dominant victory in Spain on Sunday as Mercedes's record start to a season stretched to a fifth successive one-two. The 76th victory of the five times world champion's career, and third of the season, sent the Briton seven points clear of Finnish team mate Valtteri Bottas after five of the 21 races.
Why Ferrari’s Q1 Results Impressed Investors(Continued from Prior Part)Ferrari’s Q1 2019 earningsOn Tuesday, Ferrari (RACE) reported its earnings results for the quarter ended in March 2019. During the quarter, a 22.7% YoY rise in its car
Why Ferrari’s Q1 Results Impressed Investors(Continued from Prior Part)Ferrari’s Q1 2019 profitabilityIn the first quarter, Ferrari (RACE) reported a 14.3% YoY rise in its adjusted EBITDA to 311 million euros. The company’s adjusted EBITDA
Why Ferrari’s Q1 Results Impressed Investors(Continued from Prior Part)Ferrari’s revenue in Q1 2019In the first quarter, Ferrari’s (RACE) shipments to China, Taiwan, and Hong Kong surged 79.2% YoY, which helped the company boost revenues.
Why Ferrari’s Q1 Results Impressed Investors(Continued from Prior Part)Ferrari’s Q1 2019 revenueIn the first quarter, Ferrari (RACE) reported net revenue of 940 million euros, up 13.1% from 831 million euros in the first quarter of 2018. During
Why Ferrari’s Q1 Results Impressed InvestorsFerrari’s Q1 2019 earningsItalian luxury carmaker Ferrari (RACE) released its first-quarter earnings results on May 7. RACE’s adjusted earnings stood firm at 0.95 euros per share in the first quarter