Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Ferrari N.V. is a global luxury performance sports car manufacturer and motorsports company, operating at the intersection of the luxury automotive, high-performance engineering, and global brand and lifestyle industries. The company designs, engineers, produces, and sells luxury sports cars while also monetizing its brand through racing, sponsorships, and lifestyle activities. Ferrari’s core revenue drivers include the sale of luxury vehicles, engines, and related parts, as well as sponsorship, commercial, and brand-related activities tied to its global prestige.
The company is widely recognized for its exclusivity-driven business model, limited production volumes, and strong pricing power, which collectively support industry-leading margins. Ferrari traces its origins to 1939 when Enzo Ferrari founded Auto Avio Costruzioni, with the Ferrari marque formally introduced in 1947. Over decades, Ferrari evolved from a racing-focused manufacturer into a publicly listed global luxury brand, completing its separation from Fiat Chrysler Automobiles and becoming an independent company listed on major stock exchanges.
Business Operations
Ferrari operates through distinct business segments that reflect both its manufacturing and brand-driven activities. The primary segment, Cars and Parts, encompasses the design, production, and sale of luxury sports cars, including limited-series and special models, as well as engines and spare parts. Additional segments include Sponsorship, Commercial and Brand, which generates revenue from Formula 1 sponsorships, brand licensing, and merchandising, and Other, which includes engine supply and ancillary activities.
Operations are primarily conducted through Ferrari S.p.A., the company’s main operating subsidiary based in Maranello, Italy. Ferrari maintains full control over key technologies such as powertrain engineering, vehicle design, and advanced materials development. The company also operates Scuderia Ferrari, its Formula 1 racing division, which serves both as a competitive motorsports entity and a strategic brand platform. Revenue is generated globally through a controlled dealership network, ensuring consistency in customer experience and brand positioning.
Strategic Position & Investments
Ferrari’s strategic direction emphasizes controlled growth, brand exclusivity, and technological leadership. The company focuses on selective increases in production while preserving scarcity, alongside expanding its personalization offerings and higher-margin special series vehicles. Ferrari has also committed to electrification and hybridization, integrating advanced hybrid powertrains across its product range while maintaining performance standards aligned with its brand identity.
Investment activity has included targeted acquisitions and internal development initiatives aimed at strengthening manufacturing capabilities, digital infrastructure, and lifestyle extensions. Ferrari maintains notable subsidiaries such as Ferrari Financial Services and brand-related ventures supporting merchandising and experiences. Emerging areas of strategic focus include electrified drivetrains, advanced software integration, and sustainability initiatives across production and supply chains.
Geographic Footprint
Ferrari is headquartered in Italy, with its primary manufacturing, research, and racing operations concentrated in Maranello. The company maintains a global commercial presence across Europe, North America, Asia-Pacific, and the Middle East, supported by a carefully selected network of authorized dealers and distributors.
While Europe remains a key historical market, Ferrari generates significant revenue from North America and has experienced continued growth in China and the broader Asia-Pacific region. The company’s international footprint is further reinforced through global racing events, brand experiences, and lifestyle activities that extend Ferrari’s influence well beyond its manufacturing base.
Leadership & Governance
Ferrari’s leadership structure reflects a focus on long-term brand stewardship, operational discipline, and innovation. Governance is overseen by a board of directors with experience across automotive, luxury goods, and global finance, supporting strategic continuity and risk management.
Key executives include:
- Benedetto Vigna – Chief Executive Officer
- Enrico Galliera – Chief Marketing and Commercial Officer
- Antonio Picca Piccon – Chief Financial Officer
- Flavio Manzoni – Chief Design Officer
- Gianmaria Fulgenzi – Chief Product Development Officer
The leadership team emphasizes maintaining Ferrari’s unique identity while executing a long-term vision centered on technological excellence, controlled growth, and enduring brand value.