Published on 18 Sep 2023 on Simply Wall St. via Yahoo Finance
Could The Market Be Wrong About Ferrari N.V. (NYSE:RACE) Given Its Attractive Financial Prospects?
With its stock down 1.7% over the past three months, it is easy to disregard Ferrari (NYSE:RACE). However, stock prices are usually driven by a company’s financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study Ferrari's ROE in this article.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Put another way, it reveals the company's success at turning shareholder investments into profits.
View our latest analysis for Ferrari