Arif Karim’s Presentation on Ferrari at the MOI European Summit
Back in October, Arif Karim had the pleasure of presenting our investment thesis and company analysis on well-known sportscar maker Ferrari (RACE) at the virtually hosted 2020 MOI European Summit.
He argued that Ferrari is not in the business of selling cars, so much as it is in creating luxury experiences and products that cater to the emotional desires of its passionate customers. This underpins its moat and associated high return on invested capital (ROIC) while the company’s targeted model line up expansion and powertrain electrification, with cars like the SF90 Stradale and the upcoming Puro Sangue utility vehicle, support continued future unit growth while maintaining the exclusivity and value of the brand.
The presentation can be viewed at the link below, with additional information we’ve posted in the past here and here.
For more information about positions owned by Ensemble Capital on behalf of clients as well as additional disclosure information related to this post, please CLICK HERE.
For more information about positions owned by Ensemble Capital on behalf of clients as well as additional disclosure information related to this post, please CLICK HERE.
While we do not accept public comments on this blog for compliance reasons, we encourage readers to contact us with their thoughts.
Past performance is no guarantee of future results. All investments in securities carry risks, including the risk of losing one’s entire investment. The opinions expressed within this blog post are as of the date of publication and are provided for informational purposes only. Content will not be updated after publication and should not be considered current after the publication date. All opinions are subject to change without notice and due to changes in the market or economic conditions may not necessarily come to pass. Nothing contained herein should be construed as a comprehensive statement of the matters discussed, considered investment, financial, legal, or tax advice, or a recommendation to buy or sell any securities, and no investment decision should be made based solely on any information provided herein. Links to third party content are included for convenience only, we do not endorse, sponsor, or recommend any of the third parties or their websites and do not guarantee the adequacy of information contained within their websites. Please follow the link above for additional disclosure information.
