Ferrari: Luce EV Fears Keep Open A Luxury-Compounder Entry Point
Ferrari's stock is currently seen as a strong buy due to its recent valuation adjustments. The company's new Luce electric vehicle model is part of a cautious strategy that balances electric and traditional combustion engine offerings. This approach, combined with solid financials and a clear order book, provides a favorable entry point for investors.
- ▪Ferrari's valuation has decreased to 28-31x forward earnings.
- ▪The new Luce model is central to Ferrari's electric vehicle strategy.
- ▪The company's 2030 product mix is projected to be 20% electric, 40% internal combustion engine, and 40% hybrid.
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