Also trades as: RACE.MI (MIL) · $vol 163M · 2FE.DE (XETRA) · $vol 2M · RACE.SW (SIX) · $vol 0M

$389.83

-3.11 (-0.79%)

After Hours: $389.62 (-0.20, -0.05%)

Weekly Expected Move ±3.0%

$369 $381 $393 $405 $417

NYSE · Consumer Cyclical · Auto - Manufacturers · Tech Score Neutral · Power 49 · $68.3B mcap · 107M float · 0.414% daily turnover · Short 61% of daily vol

Credit Risk of going bust: lower than 85% of companies Debt: 4.9% of company value Bonds: none of note held by US funds details ▾

If the stock fell to about $1.78 (down 99.5%), Ferrari N.V. would be worth roughly what it owes.
Total debt $3.53B against a stock market value of $68.89B.
Distance to default 11.41 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $2.22B (short-term plus half of long-term), stock volatility 31.3%; Altman Z'' 5.11. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$442

Low

$463

Avg Target

$490

High

Based on 7 analysts since Jul 30, 2026 earnings

Analyst Recommendations

Strong Buy: 1Buy: 13Hold: 4Sell: 1Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$463.29

Analysts7

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-10-05	UBS	Zuzanna Pusz	$490	$450	-40	+15.9%	$388.33
2026-09-30	Morgan Stanley	—	$460	$456	-4	+13.4%	$402.05
2026-09-10	Morgan Stanley	—	$442	$460	+18	+14.3%	$402.33
2026-07-31	Bernstein	Stephen Reitman	$410	$460	+50	+17.8%	$390.51
2026-07-31	Morgan Stanley	—	$438	$442	+4	+13.2%	$390.55
2026-07-31	UBS	—	$497	$490	-7	+23.2%	$397.73
2026-07-31	Evercore ISI	Michael Binetti	$475	$485	+10	+21.9%	$397.73
2026-07-02	UBS	—	$555	$497	-58	+32.7%	$374.66
2026-06-15	Morgan Stanley	Edouard Aubin	$420	$438	+18	+23.4%	$354.91
2026-02-16	Morgan Stanley	—	$425	$420	-5	+10.8%	$379.08
2026-02-11	Bernstein	Stephen Reitman	$395	$410	+15	+7.3%	$381.97
2026-01-09	Bernstein	Stephen Reitman	$475	$395	-80	+4.5%	$378.04
2026-01-09	UBS	—	$563	$555	-8	+49.7%	$370.85
2025-12-09	Barclays	Henning Cosman	Initiated	$420	—	+11.7%	$375.86
2025-12-07	Morgan Stanley	—	$520	$425	-95	+8.1%	$393.21
2025-12-04	Loop Capital Markets	—	Initiated	$482	—	+21.9%	$395.15
2025-11-28	UBS	Zuzanna Pusz	$554	$563	+9	+43.8%	$391.46
2025-11-23	Goldman Sachs	—	Initiated	$454	—	+16.7%	$389.19
2025-11-05	UBS	—	$529	$554	+25	+36.4%	$406.02
2025-10-31	Evercore ISI	—	$565	$475	-90	+18.8%	$399.73
2025-10-16	UBS	—	$579	$529	-50	+35.8%	$389.56
2025-10-10	Bernstein	Daniel Roeska	Initiated	$475	—	+16.6%	$407.38
2025-10-03	UBS	—	$560	$579	+19	+14.9%	$504.09
2025-10-03	Berenberg Bank	—	Initiated	$570	—	+13.1%	$504.09
2025-10-02	HSBC	—	Initiated	$470	—	-4.1%	$490.24
2025-05-07	UBS	Susy Tibaldi	$460	$560	+100	+18.1%	$474.14
2025-03-27	UBS	—	$478	$460	-18	+7.8%	$426.82
2024-10-22	Evercore ISI	Michael Binetti	Initiated	$565	—	+17.7%	$480.18
2024-08-27	Morgan Stanley	Adam Jonas	$400	$520	+120	+6.5%	$488.30
2024-06-24	UBS	Robert Krankowski	$270	$478	+208	+13.2%	$422.10
2024-05-22	Morgan Stanley	Adam Jonas	Initiated	$400	—	-4.3%	$417.96
2024-05-10	Jefferies	James Grzinic	$408	$403	-5	-1.1%	$407.43
2024-05-07	Jefferies	Philippe Houchols	$180	$408	+228	-4.6%	$427.66
2023-02-03	Credit Suisse	—	Initiated	$310	—	+19.0%	$260.40
2022-08-03	UBS	—	$263	$270	+7	+27.3%	$212.01
2022-07-04	Jefferies	Philippe Houchois	Initiated	$180	—	-4.2%	$187.94
2022-04-08	UBS	Susy Tibaldi	Initiated	$263	—	+19.8%	$219.51
2021-11-02	Societe Generale	Stephen Reitman	Initiated	$290	—	+13.4%	$255.68
2021-09-15	BNP Paribas	Giulio Pescatore	Initiated	$256	—	+17.0%	$218.86

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B+

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. RACE receives an overall rating of B+. Strongest factors: ROE (5/5), ROA (5/5). Areas of concern: D/E (2/5), P/E (2/5), P/B (1/5).

Rating Change History

Date	From	To
2026-05-11	C	B+
2026-05-06	B+	C
2026-02-19	C+	B+
2026-02-12	B	C+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ — Grade A+

Profitability

Balance Sheet

Earnings Quality

Growth

Value

—

Momentum

Safety

—

Cash Flow

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

—

Piotroski F-Score

7/9

✓ ✓ ✗ ✓ ✓ ✓ ✓ ✗ ✓

Beneish M-Score

-3.53

Unlikely Manipulator

Ohlson O-Score

-8.80

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AA-

Score: 80.8/100

Trend: Stable

Earnings Quality

75/100

OCF/NI: 2.59x

Accruals: -26.2%

The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. RACE scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. RACE's score of -3.53 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. RACE's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. RACE receives an estimated rating of AA- (score: 80.8/100), with a stable trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). RACE's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

37.81x

PEG

9.90x

P/S

8.33x

P/B

16.83x

P/FCF

—

P/OCF

—

EV/EBITDA

—

EV/Revenue

—

EV/EBIT

—

EV/FCF

—

Earnings Yield

—

FCF Yield

—

Shareholder Yield

—

Graham Number

$65.71

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 37.8x earnings, RACE commands a growth premium. Graham's intrinsic value formula yields $65.71 per share, 493% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.769

NI / EBT

Interest Burden

0.984

EBT / EBIT

EBIT Margin

0.294

EBIT / Rev

Asset Turnover

0.741

Rev / Assets

Equity Multiplier

2.759

Assets / Equity

ROE

45.5%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. RACE's ROE of 45.5% is driven by Asset Turnover (0.741), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$356.88

Price/Value

—

Margin of Safety

—

Premium

—

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with RACE's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. RACE actually compounded EPS at 16.2% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. RACE trades at a premium to its adjusted intrinsic value of $356.88, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 37.8x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$390.01

Median 1Y

$424.83

5th Pctile

$258.53

95th Pctile

$698.43

Ann. Volatility

30.5%

Analyst Target

$463.29

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

5,718

+5.2% YoY

Revenue / Employee

$1,249,738

Rev: $7,146,000,000

Profit / Employee

$279,279

NI: $1,596,919,000

SGA / Employee

$112,277

Avg labor cost proxy

R&D / Employee

$160,721

Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	42.2%	37.8%	35.5%	39.2%	39.2%	38.9%	35.3%	40.2%	44.0%	44.3%	41.4%	45.7%	45.2%	46.2%	46.2%	48.0%	45.1%	42.9%	41.9%	45.5%	45.46%
ROA	12.0%	11.4%	11.3%	12.1%	12.3%	12.7%	11.8%	13.1%	14.9%	15.8%	15.1%	15.8%	16.5%	17.4%	17.1%	17.2%	17.3%	16.7%	15.8%	16.5%	16.48%
ROIC	23.7%	24.6%	23.4%	23.8%	25.4%	24.7%	24.3%	24.6%	27.0%	29.0%	29.5%	28.7%	29.6%	29.8%	32.2%	31.4%	31.4%	30.9%	32.1%	31.6%	31.55%
ROCE	16.4%	19.7%	16.8%	18.4%	19.5%	20.1%	18.5%	20.4%	22.9%	26.6%	28.8%	30.1%	30.0%	24.1%	24.9%	28.1%	30.0%	28.9%	26.1%	27.0%	27.02%
Gross Margin	50.2%	50.9%	50.4%	47.4%	47.6%	46.9%	50.2%	50.7%	49.6%	48.8%	50.7%	50.0%	49.7%	50.2%	52.1%	52.6%	50.1%	51.9%	51.8%	52.6%	52.59%
Operating Margin	26.2%	21.8%	26.2%	25.2%	24.5%	22.0%	27.3%	29.9%	27.6%	24.5%	28.3%	29.7%	28.6%	26.9%	30.8%	31.1%	28.4%	28.2%	29.9%	31.7%	31.66%
Net Margin	19.5%	18.3%	20.1%	19.3%	18.1%	16.1%	20.7%	22.6%	21.4%	19.3%	22.2%	24.1%	22.8%	22.2%	23.0%	23.7%	21.6%	21.1%	22.3%	23.9%	23.85%
EBITDA Margin	35.9%	33.4%	37.0%	36.5%	36.8%	33.0%	39.9%	42.9%	40.2%	38.3%	38.5%	39.6%	39.4%	37.9%	38.5%	39.8%	32.3%	38.5%	39.0%	39.4%	39.43%
FCF Margin	23.6%	19.3%	20.2%	17.3%	14.6%	14.0%	12.6%	12.1%	13.0%	14.2%	14.9%	13.6%	16.3%	15.9%	20.0%	21.3%	20.8%	37.2%	38.4%	40.0%	40.00%
OCF Margin	32.1%	30.0%	32.0%	28.2%	27.1%	27.5%	25.9%	27.6%	27.9%	28.8%	29.8%	29.1%	30.3%	28.9%	33.0%	33.7%	32.8%	58.5%	58.3%	57.7%	57.68%
ROE 3Y Avg	snapshot only																				44.85%
ROE 5Y Avg	snapshot only																				41.80%
ROA 3Y Avg	snapshot only																				16.05%
ROIC 3Y Avg	snapshot only																				26.50%
ROIC Economic	snapshot only																				25.12%
Cash ROA	snapshot only																				41.57%
Cash ROIC	snapshot only																				79.89%
CROIC	snapshot only																				55.39%
NOPAT Margin	snapshot only																				22.78%
Pretax Margin	snapshot only																				28.94%
R&D / Revenue	snapshot only																				12.56%
SGA / Revenue	snapshot only																				9.28%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	37.814
P/S Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	8.330
P/B Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	16.831
P/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
P/OCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/Revenue	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBIT	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Earnings Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
PEG Ratio	snapshot only																				9.898
Graham Number	snapshot only																				$65.71

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	3.37	2.54	3.25	3.48	3.76	2.80	3.55	3.37	3.37	2.68	1.80	1.60	1.63	3.37	2.95	2.11	1.84	2.02	2.41	2.37	2.368
Quick Ratio	2.83	2.13	2.75	2.87	3.14	2.32	2.91	2.62	2.61	2.04	1.41	1.22	1.26	2.64	2.34	1.63	1.42	1.55	1.89	1.81	1.805
Debt/Equity	1.26	1.19	1.14	1.22	1.21	1.08	0.97	0.98	0.90	0.81	0.80	1.01	0.93	0.95	0.93	0.89	0.76	0.74	0.72	0.87	0.865
Net Debt/Equity	0.64	0.58	0.48	0.67	0.61	0.55	0.42	0.54	0.51	0.44	0.38	0.58	0.47	0.45	0.40	0.46	0.38	0.36	0.26	0.45	0.453
Debt/Assets	0.39	0.38	0.36	0.38	0.38	0.36	0.34	0.34	0.32	0.31	0.30	0.35	0.34	0.35	0.34	0.33	0.30	0.30	0.29	0.31	0.310
Debt/EBITDA	1.98	1.70	1.83	1.72	1.62	1.54	1.50	1.38	1.18	1.03	1.07	1.26	1.23	1.29	1.25	1.17	1.09	1.08	1.09	1.15	1.151
Net Debt/EBITDA	1.00	0.83	0.77	0.94	0.82	0.78	0.66	0.76	0.67	0.56	0.51	0.72	0.62	0.62	0.53	0.60	0.55	0.53	0.39	0.60	0.602
Interest Coverage	18.74	19.10	17.70	14.73	12.10	12.30	11.76	11.29	14.08	11.79	15.01	23.79	28.02	41.19	39.75	39.79	42.08	50.89	54.79	59.44	59.436
Equity Multiplier	3.22	3.11	3.13	3.24	3.17	3.00	2.86	2.92	2.79	2.63	2.64	2.87	2.69	2.69	2.78	2.73	2.51	2.46	2.53	2.79	2.792
Cash Ratio	snapshot only																				0.685
Debt Service Coverage	snapshot only																				75.546
Cash to Debt	snapshot only																				0.477
FCF to Debt	snapshot only																				0.930
Defensive Interval	snapshot only																				852.7 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.57	0.59	0.58	0.63	0.65	0.70	0.64	0.68	0.74	0.75	0.71	0.72	0.75	0.76	0.74	0.75	0.77	0.75	0.71	0.74	0.741
Inventory Turnover	3.56	3.77	3.62	3.62	4.07	4.36	3.79	3.41	3.72	3.69	3.37	3.10	3.28	3.27	3.26	3.08	3.27	3.14	3.09	3.01	3.008
Receivables Turnover	13.82	24.18	14.52	16.29	19.55	24.41	16.97	17.34	20.93	24.18	18.17	18.96	21.25	21.87	17.74	18.64	22.06	6.15	18.20	16.70	16.699
Payables Turnover	2.60	2.49	2.59	2.81	3.22	3.11	3.05	3.04	3.66	3.27	3.34	3.26	3.78	3.55	3.77	3.63	4.00	3.86	3.76	3.70	3.703
DSO	26	15	25	22	19	15	22	21	17	15	20	19	17	17	21	20	17	59	20	22	21.9 days
DIO	102	97	101	101	90	84	96	107	98	99	108	118	111	112	112	119	112	116	118	121	121.3 days
DPO	141	147	141	130	113	117	120	120	100	112	109	112	97	103	97	101	91	94	97	99	98.6 days
Cash Conversion Cycle	-12	-35	-15	-7	-5	-19	-2	8	16	2	19	25	32	25	36	38	37	81	41	45	44.6 days
Fixed Asset Turnover	snapshot only																				3.427
Operating Cycle	snapshot only																				143.2 days
Cash Velocity	snapshot only																				4.879
Capital Intensity	snapshot only																				1.388

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	25.6%	23.4%	25.6%	17.5%	17.6%	19.3%	20.1%	17.4%	18.7%	17.2%	14.7%	15.3%	11.2%	11.8%	12.4%	9.3%	9.5%	7.0%	4.7%	5.6%	5.64%
Net Income	71.2%	36.7%	33.6%	7.5%	5.5%	12.3%	14.6%	18.4%	27.1%	34.3%	32.1%	29.1%	21.4%	21.6%	21.0%	15.0%	11.9%	4.9%	1.0%	2.5%	2.55%
EPS	71.9%	37.5%	34.5%	8.5%	6.5%	13.4%	15.7%	19.4%	28.3%	35.3%	33.2%	30.2%	22.4%	22.6%	22.1%	16.1%	12.9%	5.6%	1.9%	3.7%	3.71%
FCF	1.4%	71.4%	67.9%	-2.9%	-27.3%	-13.6%	-24.8%	-18.2%	5.9%	19.0%	35.6%	29.9%	39.3%	25.2%	50.4%	71.4%	39.2%	1.5%	1.0%	98.2%	98.20%
EBITDA	35.8%	34.5%	32.5%	13.9%	16.3%	17.6%	21.8%	25.7%	28.9%	32.1%	25.3%	18.0%	10.9%	7.9%	9.3%	8.6%	4.3%	2.7%	0.8%	1.5%	1.51%
Op. Income	53.8%	47.2%	43.9%	13.9%	11.7%	15.7%	18.4%	23.1%	30.0%	31.1%	27.6%	22.1%	15.6%	16.2%	18.3%	16.4%	15.3%	11.9%	6.1%	6.4%	6.44%
OCF Growth	snapshot only																				80.57%
Asset Growth	snapshot only																				5.67%
Equity Growth	snapshot only																				3.14%
Debt Growth	snapshot only																				0.10%
Shares Change	snapshot only																				-1.12%
Dividend Growth	snapshot only																				1.25%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	6.9%	7.7%	8.0%	9.2%	10.0%	10.6%	12.4%	18.2%	20.6%	19.9%	20.1%	16.7%	15.8%	16.1%	15.7%	14.0%	13.1%	11.9%	10.5%	10.0%	10.01%
Revenue 5Y	6.7%	6.6%	6.5%	7.0%	7.5%	8.3%	9.3%	10.1%	11.2%	11.8%	11.7%	12.0%	11.9%	12.1%	12.9%	15.8%	16.4%	15.6%	15.3%	12.9%	12.93%
EPS 3Y	7.3%	2.8%	2.8%	3.6%	9.7%	11.0%	13.9%	29.0%	32.9%	28.3%	27.5%	19.1%	18.7%	23.4%	23.5%	21.8%	21.0%	20.5%	18.3%	16.2%	16.18%
EPS 5Y	21.3%	16.4%	14.9%	14.2%	13.5%	12.6%	13.0%	13.9%	11.0%	10.8%	10.9%	11.6%	15.7%	17.8%	19.2%	26.6%	26.5%	22.2%	20.9%	15.2%	15.24%
Net Income 3Y	6.3%	1.9%	1.9%	2.7%	8.9%	10.3%	13.1%	28.2%	31.9%	27.2%	26.5%	18.0%	17.7%	22.4%	22.4%	20.7%	20.0%	19.6%	17.3%	15.0%	15.03%
Net Income 5Y	20.8%	15.8%	14.2%	13.4%	12.7%	11.7%	12.1%	13.0%	10.0%	9.8%	9.9%	10.6%	14.8%	17.0%	18.3%	25.6%	25.6%	21.3%	19.8%	14.2%	14.16%
EBITDA 3Y	11.2%	11.1%	11.3%	12.3%	12.9%	12.4%	14.7%	24.4%	26.8%	27.8%	26.5%	19.1%	18.5%	18.8%	18.6%	17.2%	14.3%	13.5%	11.3%	9.1%	9.14%
EBITDA 5Y	13.9%	12.8%	12.4%	12.7%	13.6%	14.0%	14.2%	14.8%	15.6%	16.3%	16.0%	16.0%	15.5%	15.1%	15.7%	19.8%	18.7%	18.3%	17.4%	13.2%	13.24%
Gross Profit 3Y	6.3%	6.8%	7.2%	7.8%	7.8%	7.6%	9.3%	16.0%	19.0%	18.8%	18.9%	15.0%	14.4%	15.2%	15.4%	15.1%	14.8%	14.7%	13.1%	12.0%	11.99%
Gross Profit 5Y	8.1%	7.5%	7.1%	6.8%	6.8%	6.7%	7.6%	8.5%	9.9%	10.6%	10.8%	11.2%	10.9%	11.3%	12.1%	15.5%	16.3%	15.8%	15.4%	12.7%	12.72%
Op. Income 3Y	9.3%	9.1%	9.5%	10.2%	10.1%	10.6%	13.1%	27.1%	30.7%	30.7%	29.5%	19.7%	18.8%	20.8%	21.3%	20.5%	20.1%	19.4%	17.0%	14.8%	14.82%
Op. Income 5Y	14.8%	12.3%	11.3%	10.3%	10.0%	9.8%	10.5%	12.0%	13.7%	14.5%	14.7%	15.0%	14.9%	15.5%	16.9%	23.9%	24.4%	23.7%	22.2%	16.3%	16.25%
FCF 3Y	62.5%	40.8%	25.3%	15.7%	7.5%	-0.1%	2.6%	19.4%	22.1%	20.8%	19.6%	1.1%	2.4%	8.8%	15.3%	22.1%	27.1%	55.1%	60.1%	64.0%	63.99%
FCF 5Y	20.8%	4.5%	5.5%	5.4%	3.9%	21.3%	18.2%	18.6%	27.0%	23.4%	14.9%	10.5%	12.9%	8.2%	17.1%	30.5%	28.7%	40.7%	38.9%	28.5%	28.51%
OCF 3Y	20.0%	11.2%	8.6%	2.8%	1.7%	2.4%	5.3%	22.3%	27.4%	27.0%	29.1%	16.7%	13.6%	14.5%	16.9%	20.9%	20.5%	43.9%	44.8%	40.7%	40.67%
OCF 5Y	12.6%	5.0%	6.6%	6.6%	7.0%	16.2%	13.6%	14.7%	15.9%	12.9%	10.5%	8.6%	9.2%	8.1%	13.9%	23.1%	24.3%	37.9%	37.7%	29.5%	29.49%
Assets 3Y	18.4%	12.3%	14.8%	13.3%	11.9%	8.3%	12.5%	9.6%	5.8%	1.7%	6.5%	6.9%	5.5%	11.4%	7.1%	8.0%	8.3%	7.4%	5.7%	5.6%	5.56%
Assets 5Y	12.7%	12.3%	14.8%	14.5%	12.9%	13.4%	14.8%	14.6%	12.6%	10.7%	10.2%	11.0%	11.0%	9.2%	10.2%	8.0%	6.1%	4.7%	7.5%	7.0%	7.01%
Equity 3Y	24.8%	17.8%	20.5%	19.8%	19.3%	16.0%	21.8%	25.5%	19.0%	11.9%	12.8%	11.0%	11.9%	17.0%	11.4%	14.4%	17.0%	14.6%	10.2%	7.1%	7.11%
Book Value 3Y	25.8%	18.9%	21.6%	20.8%	20.2%	16.8%	22.6%	26.3%	19.8%	12.8%	13.7%	12.0%	12.9%	18.0%	12.4%	15.4%	18.0%	15.5%	11.2%	8.2%	8.18%
Dividend 3Y	-7.7%	-7.6%	-7.6%	15.3%	16.8%	16.8%	16.7%	-57.4%	-55.8%	-55.7%	-55.7%	5.7%	8.1%	8.6%	8.6%	1.9%	1.8%	2.5%	2.5%	31.8%	31.75%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.66	0.72	0.67	0.65	0.62	0.68	0.72	0.81	0.81	0.85	0.85	0.92	0.94	0.94	0.96	1.00	1.00	0.99	0.98	0.99	0.986
Earnings Stability	0.54	0.57	0.58	0.53	0.50	0.55	0.58	0.58	0.58	0.60	0.63	0.69	0.84	0.89	0.92	0.97	0.98	0.98	0.97	0.96	0.957
Margin Stability	0.97	0.97	0.98	0.98	0.98	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.98	0.98	0.97	0.97	0.97	0.974
Rev. Growth Consistency	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.85	0.87	0.97	0.98	0.95	0.94	0.93	0.89	0.86	0.87	0.88	0.91	0.91	0.92	0.94	0.95	0.98	1.00	0.99	0.990
Earnings Smoothness	0.48	0.69	0.71	0.93	0.95	0.88	0.86	0.83	0.76	0.71	0.72	0.75	0.81	0.81	0.81	0.86	0.89	0.95	0.99	0.97	0.975
ROE Trend	-0.03	0.03	-0.01	0.03	0.06	0.03	0.02	-0.02	0.01	0.04	0.07	0.08	0.04	0.05	0.08	0.05	0.01	-0.01	-0.03	-0.00	-0.001
Gross Margin Trend	-0.00	-0.00	-0.01	-0.02	-0.02	-0.03	-0.03	-0.02	-0.01	0.00	0.00	0.00	0.01	0.01	0.02	0.02	0.02	0.02	0.01	0.01	0.011
FCF Margin Trend	0.10	0.03	0.04	0.01	-0.03	-0.03	-0.05	-0.07	-0.06	-0.02	-0.01	-0.01	0.03	0.02	0.06	0.08	0.06	0.22	0.21	0.23	0.225
Sustainable Growth Rate	34.6%	30.6%	28.9%	28.7%	28.6%	28.5%	26.4%	39.6%	43.3%	43.5%	40.8%	45.0%	44.4%	45.4%	45.5%	32.2%	30.1%	14.3%	14.0%	13.1%	13.11%
Internal Growth Rate	10.8%	10.2%	10.2%	9.8%	9.8%	10.3%	9.7%	14.8%	17.1%	18.4%	17.4%	18.4%	19.4%	20.6%	20.1%	13.1%	13.1%	5.9%	5.6%	5.0%	4.99%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	1.52	1.54	1.65	1.46	1.43	1.50	1.40	1.42	1.38	1.37	1.40	1.33	1.37	1.27	1.43	1.47	1.45	2.62	2.63	2.59	2.593
FCF/OCF	0.74	0.64	0.63	0.61	0.54	0.51	0.49	0.44	0.47	0.49	0.50	0.47	0.54	0.55	0.61	0.63	0.63	0.64	0.66	0.69	0.693
FCF/Net Income	snapshot only																				1.798
OCF/EBITDA	snapshot only																				1.543
CapEx/Revenue	8.5%	10.7%	11.8%	10.9%	12.5%	13.6%	13.3%	15.5%	14.8%	14.6%	14.9%	15.5%	14.0%	13.0%	13.0%	12.4%	12.1%	21.3%	19.9%	17.7%	17.69%
CapEx/Depreciation	snapshot only																				2.219
Accruals Ratio	-0.06	-0.06	-0.07	-0.06	-0.05	-0.06	-0.05	-0.05	-0.06	-0.06	-0.06	-0.05	-0.06	-0.05	-0.07	-0.08	-0.08	-0.27	-0.26	-0.26	-0.262
Sloan Accruals	snapshot only																				-0.019
Cash Flow Adequacy	snapshot only																				1.721
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.03%
Dividend/Share	$0.87	$0.87	$0.87	$1.32	$1.36	$1.37	$1.37	$0.10	$0.12	$0.12	$0.12	$0.12	$0.14	$0.15	$0.15	$2.94	$2.98	$5.97	$6.00	$6.60	$3.62
Payout Ratio	18.2%	19.3%	18.5%	26.7%	26.8%	26.8%	25.2%	1.7%	1.8%	1.7%	1.6%	1.5%	1.8%	1.7%	1.7%	32.9%	33.2%	66.6%	66.6%	71.2%	71.17%
FCF Payout Ratio	16.2%	19.4%	17.9%	29.7%	34.8%	35.0%	37.0%	2.8%	2.8%	2.5%	2.3%	2.4%	2.4%	2.5%	1.9%	35.3%	36.2%	40.0%	38.5%	39.6%	39.59%
Total Payout Ratio	37.0%	47.1%	57.6%	63.9%	66.4%	69.3%	61.4%	35.2%	41.6%	38.5%	39.9%	42.3%	37.9%	39.9%	56.5%	78.1%	77.3%	1.5%	1.4%	1.5%	1.54%
Div. Increase Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.86	0.80	0.80	0.80	0.80	0.79	0.79	0.78	0.78	0.78	0.79	0.80	0.80	0.81	0.80	0.79	0.79	0.77	0.77	0.77	0.769
Interest Burden (EBT/EBIT)	0.95	0.95	0.95	0.94	0.92	0.92	0.92	0.92	0.93	0.92	0.94	0.96	0.97	0.98	0.98	0.98	0.98	0.99	0.99	0.98	0.984
EBIT Margin	0.26	0.26	0.26	0.26	0.26	0.25	0.26	0.27	0.28	0.29	0.29	0.28	0.28	0.29	0.29	0.30	0.29	0.29	0.29	0.29	0.294
Asset Turnover	0.57	0.59	0.58	0.63	0.65	0.70	0.64	0.68	0.74	0.75	0.71	0.72	0.75	0.76	0.74	0.75	0.77	0.75	0.71	0.74	0.741
Equity Multiplier	3.53	3.31	3.13	3.23	3.20	3.05	2.99	3.06	2.96	2.80	2.75	2.89	2.74	2.66	2.71	2.79	2.60	2.57	2.64	2.76	2.759

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$4.76	$4.51	$4.70	$4.95	$5.07	$5.12	$5.44	$5.91	$6.50	$6.92	$7.24	$7.70	$7.96	$8.48	$8.85	$8.94	$8.98	$8.96	$9.01	$9.27	$9.27
Book Value/Share	$12.89	$11.98	$14.04	$12.91	$12.87	$14.23	$16.68	$16.35	$16.53	$16.92	$18.14	$17.20	$18.56	$19.69	$19.95	$19.85	$21.16	$21.91	$22.92	$20.70	$20.79
Tangible Book/Share	$1.05	$1.53	$2.26	$1.44	$1.95	$2.74	$4.09	$3.42	$3.90	$4.73	$5.83	$4.63	$5.80	$6.70	$6.73	$6.41	$7.59	$8.32	$9.08	$6.61	$6.61
Revenue/Share	$22.57	$23.19	$24.19	$25.66	$26.78	$27.96	$29.33	$30.37	$32.07	$33.00	$33.93	$35.31	$35.94	$37.21	$38.47	$39.00	$39.70	$40.07	$40.62	$41.66	$41.73
FCF/Share	$5.33	$4.48	$4.88	$4.44	$3.91	$3.91	$3.70	$3.67	$4.18	$4.69	$5.06	$4.80	$5.87	$5.92	$7.68	$8.31	$8.24	$14.90	$15.60	$16.66	$9.52
OCF/Share	$7.25	$6.96	$7.73	$7.25	$7.26	$7.70	$7.61	$8.38	$8.94	$9.49	$10.12	$10.26	$10.89	$10.74	$12.68	$13.16	$13.04	$23.44	$23.68	$24.03	$13.66
Cash/Share	$8.02	$7.31	$9.25	$7.20	$7.69	$7.66	$9.09	$7.22	$6.47	$6.23	$7.63	$7.44	$8.55	$9.74	$10.75	$8.55	$8.03	$8.26	$10.71	$8.54	$8.56
EBITDA/Share	$8.21	$8.41	$8.72	$9.17	$9.63	$9.99	$10.73	$11.62	$12.53	$13.30	$13.55	$13.83	$14.01	$14.46	$14.95	$15.17	$14.74	$14.94	$15.20	$15.57	$15.57
Debt/Share	$16.25	$14.28	$15.99	$15.81	$15.56	$15.43	$16.12	$16.09	$14.82	$13.69	$14.53	$17.36	$17.21	$18.68	$18.64	$17.70	$16.09	$16.17	$16.58	$17.92	$17.92
Net Debt/Share	$8.23	$6.97	$6.74	$8.61	$7.87	$7.77	$7.03	$8.87	$8.35	$7.46	$6.90	$9.92	$8.67	$8.94	$7.89	$9.14	$8.06	$7.92	$5.87	$9.38	$9.38

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Piotroski F-Score	7	8	7	8	8	8	8	8	8	8	8	6	7	8	8	9	9	8	6	7	7
Beneish M-Score	-2.63	-0.94	-2.69	-2.55	-2.64	-2.49	-2.57	-2.62	-2.56	-2.68	-2.75	-2.72	-2.80	-2.57	-2.74	-2.86	-2.80	-3.78	-3.63	-3.53	-3.534
Ohlson O-Score	snapshot only																				-8.796
ROIC (Greenblatt)	snapshot only																				41.93%
Net-Net WC	snapshot only																				$-7.55
EVA	snapshot only																				$1143753762.62

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AA-
Credit Score	77.02	77.38	78.03	77.07	77.10	76.43	76.33	76.01	76.32	78.39	75.47	74.52	75.08	79.25	79.49	80.01	80.35	80.90	80.82	80.85	80.845
Credit Grade	snapshot only																				4
Credit Trend	snapshot only																				0.832
Implied Spread (bps)	snapshot only																				100.000
Industry Credit Rank	snapshot only																				86
Sector Credit Rank	snapshot only																				72

RACE NYSE

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Workforce & Productivity

Scaling Efficiency

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