Ferrari is a world famous sports car manufacturer. The company was founded in the first half of the 20th century. As well as sports cars, the company also offers second-hand vehicles, warranty programs, financial support, technical assistance, watches, clothing, headphones, headwear and other accessories. Ferrari sells its products all over the world, and its geographical revenue diversification (share) is as follows: 41.1% comes from Europe, 27.9% from the Middle-East and Africa, 14.2% from North and South America, 8.2% from Italy and 8.6% from China and other countries in the Asia-Pacific region. Ferrari headquarters is located in the Italian town of Maranello.
The expected increase in share prices is dependent on the continued implementation of strategies for expanding production and for the successful release of new models. The company profit margins continue to grow steadily. The ratios of net profit to revenue in the first, second and third quarters of 2016 were 11.4%, 12.8% and 14.6% respectively. Cash flows from operational activities in the second quarter of 2016 grew by 81.76% (QoQ), and by 22.61% (QoQ) in the third quarter. At the same time, their debt load is gradually decreasing: the ratio of debt to total assets in the first, second and third quarters of 2016 stood at 59.15%, 57.45% and 52.12% respectively.
Investment period ends: 19/05/2017
Expected yield is calculated according to 95% capital protection and the price of the base asset at expiry, equal to 93 USD.
Ferrari share price has broken upwards through the 50-, 100- and 200- daily moving averages and has left the Ichimoku indicator cloud upwards. The dynamics of the share price are still on an upward trend. The significant technical levels are: 39.45; 44.21; 46.59; 50.35; 52.73; 54.56; 57.67; 60.50.