Who are Ferraris main competitors and how do this values compare to the estimated valuation of Ferrari at the time of the IPO and currently?
bata tor Comparable Companies Gn millions of eus Total Capital Projected MMarket Value Total Revenue Espend EBTTDA Gowth Rate of Equity Debt Cash 6 Auto Manufacturers 80,401 609 16,426 9872 ,307 18514 6,090 8,121 8,271 108,619 5,626 8,537 117,5548,9466,674 96,196 6,374 12,730 63,924 3,385 33,730 1,4462,800 82,101 11,432 10,879 53,607 2,428 3,318 41,055 2,703 3,967 33,811 4,100 2,411 196,622 24,233 30,260 202,458 16,613 23,048 6.1% 56,562 77,506 7,688 77,906 86,689 15,543 4.6% 18,657 33,724 23,001 52,925 98,484 25,743 46,554 38,710 24,391 51,128 52,483 11,427 33,631 40,802 19,547 1.6% 16,977 3,535 5,502 62% 40,013 51,796 6,698 12,230 21,914 10,521 8.9% 23,096 36,299 14,049 5.5% 16,701 10,952 7,125 94.9% 26,400 2,051 1,590 3.2% 186,069 147,344 40,497 52,916 139,021 34,143 Ford Motor General Motors Honda Motor Hyuadai Motor Kia Motoss Nissan Alotor 10.1% 4,5% Renault Tata Motors Tesla Motors Torota Motoc Volkswagen 23 Luxury Brands Burbetry Group Cie Financiete Richemont Heames Intemational LVMH Moet Hennessy 199 745 10,410 7082,902 4,119 279 1,478 30,638 1,848 7,027 3,552 362954 3,221 7,691 3.1% 38,986 3,093 8,553 41 1,481 21% 80,731 9,243 4,648 8,772519720 9,125 989 648 Tiffany& Co. 3,248 189 31 Figures as of end of 2014, except Equity Value which is as of October 2015 2 Projected grouth ate is equal to the S year compound snnual growrth ate of Operatiag poots tom 2014 acruals to 2019 4 Source FactSet, The puojectedl growth rate is obtained based on the Value Line Investment Surrey(August-October 2015) and Case witer estimates Title Page bata tor Comparable Companies Gn millions of eus Total Capital Projected MMarket Value Total Revenue Espend EBTTDA Gowth Rate of Equity Debt Cash 6 Auto Manufacturers 80,401 609 16,426 9872 ,307 18514 6,090 8,121 8,271 108,619 5,626 8,537 117,5548,9466,674 96,196 6,374 12,730 63,924 3,385 33,730 1,4462,800 82,101 11,432 10,879 53,607 2,428 3,318 41,055 2,703 3,967 33,811 4,100 2,411 196,622 24,233 30,260 202,458 16,613 23,048 6.1% 56,562 77,506 7,688 77,906 86,689 15,543 4.6% 18,657 33,724 23,001 52,925 98,484 25,743 46,554 38,710 24,391 51,128 52,483 11,427 33,631 40,802 19,547 1.6% 16,977 3,535 5,502 62% 40,013 51,796 6,698 12,230 21,914 10,521 8.9% 23,096 36,299 14,049 5.5% 16,701 10,952 7,125 94.9% 26,400 2,051 1,590 3.2% 186,069 147,344 40,497 52,916 139,021 34,143 Ford Motor General Motors Honda Motor Hyuadai Motor Kia Motoss Nissan Alotor 10.1% 4,5% Renault Tata Motors Tesla Motors Torota Motoc Volkswagen 23 Luxury Brands Burbetry Group Cie Financiete Richemont Heames Intemational LVMH Moet Hennessy 199 745 10,410 7082,902 4,119 279 1,478 30,638 1,848 7,027 3,552 362954 3,221 7,691 3.1% 38,986 3,093 8,553 41 1,481 21% 80,731 9,243 4,648 8,772519720 9,125 989 648 Tiffany& Co. 3,248 189 31 Figures as of end of 2014, except Equity Value which is as of October 2015 2 Projected grouth ate is equal to the S year compound snnual growrth ate of Operatiag poots tom 2014 acruals to 2019 4 Source FactSet, The puojectedl growth rate is obtained based on the Value Line Investment Surrey(August-October 2015) and Case witer estimates Title Page
