Ferrari has now completed its share repurchase program announced in June 2022, buying back 6,015,933 shares, or 3.34% of its share capital, for a total outlay of €2.00 billion, with the final 717,508 shares acquired between October 1 and December 30, 2025 for €247.05 million before formally closing the plan.
This large-scale, multi-year buyback reduces the free float and may influence per-share metrics, offering investors fresh context for assessing Ferrari’s capital allocation priorities.
Next, we’ll examine how the completion of this €2.00 billion buyback program reshapes Ferrari’s investment narrative and perceived capital discipline.
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To own Ferrari, you need to believe in the durability of its luxury brand, pricing power and transition toward hybrid and electric models, supported by expanding personalization and lifestyle revenues. The €2.00 billion buyback slightly tightens the share count but does not materially change the near term focus on electrification progress as a key catalyst, nor the risk that slower EV rollout and evolving regulations could pressure margins and long term competitiveness.
The recent confirmation of a higher €2.986 per share dividend, totaling about €534 million, sits alongside the completed buyback as part of a broader cash return framework. Together, these moves frame how management balances shareholder distributions with heavy investment needs in new models, electrification and manufacturing capacity, which remains central to the investment case as Ferrari prepares for upcoming product launches and regulatory shifts.
Yet against this backdrop, investors should also be aware of the risk that Ferrari’s EV transition pace and regulatory pressures could…
Read the full narrative on Ferrari (it’s free!)
Ferrari’s narrative projects €8.8 billion revenue and €2.1 billion earnings by 2028. This requires 8.1% yearly revenue growth and about a €0.5 billion earnings increase from €1.6 billion today.
Uncover how Ferrari’s forecasts yield a €404.24 fair value, a 26% upside to its current price.
Fifteen members of the Simply Wall St Community currently see Ferrari’s fair value anywhere between about €93 and €480, underlining how far apart individual views can be. Set against this dispersion, the central question many of these investors are wrestling with is how Ferrari’s slower and cost intensive shift to hybrid and electric vehicles might influence future profitability and the company’s ability to sustain its premium positioning over time, so it is worth examining several of these viewpoints in detail.
Read More: Should Ferrari’s Completed €2 Billion Buyback Reshape Views On Its Capital
