WallStSmart

Ferrari NV (RACE)vsZKH Group Limited (ZKH)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

ZKH Group Limited generates 28% more annual revenue ($9.44B vs $7.35B). RACE leads profitability with a 22.3% profit margin vs -0.0%. RACE earns a higher WallStSmart Score of 58/100 (C).

RACE

Buy

58

out of 100

Grade: C

Growth: 6.7Profit: 9.0Value: 2.7Quality: 6.5
Piotroski: 6/9Altman Z: 1.44

ZKH

Hold

38

out of 100

Grade: F

Growth: 4.7Profit: 2.5Value: 6.7Quality: 7.0
Piotroski: 6/9Altman Z: 1.15
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

RACESignificantly Overvalued (-65.1%)

Margin of Safety

-65.1%

Fair Value

$250.64

Current Price

$413.78

$163.14 premium

UndervaluedFair: $250.64Overvalued
ZKHUndervalued (+48.8%)

Margin of Safety

+48.8%

Fair Value

$6.79

Current Price

$2.92

$3.87 discount

UndervaluedFair: $6.79Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

RACE4 strengths · Avg: 9.5/10
Return on EquityProfitability
44.8%10/10

Every $100 of equity generates 45 in profit

Operating MarginProfitability
31.1%10/10

Strong operational efficiency at 31.1%

Market CapQuality
$71.78B9/10

Large-cap with strong market position

Profit MarginProfitability
22.3%9/10

Keeps 22 of every $100 in revenue as profit

ZKH2 strengths · Avg: 9.5/10
Price/BookValuation
1.1x10/10

Reasonable price relative to book value

Debt/EquityHealth
0.149/10

Conservative balance sheet, low leverage

Areas to Watch

RACE4 concerns · Avg: 3.0/10
P/E RatioValuation
37.9x4/10

Premium valuation, high expectations priced in

Price/BookValuation
17.2x4/10

Trading at 17.2x book value

PEG RatioValuation
3.432/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.442/10

Distress zone — elevated risk

ZKH4 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$465.42M3/10

Smaller company, higher risk/reward

Operating MarginProfitability
0.2%3/10

Operating margin of 0.2%

Return on EquityProfitability
-0.1%2/10

ROE of -0.1% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : RACE

The strongest argument for RACE centers on Return on Equity, Operating Margin, Market Cap. Profitability is solid with margins at 22.3% and operating margin at 31.1%.

Bull Case : ZKH

The strongest argument for ZKH centers on Price/Book, Debt/Equity. Revenue growth of 12.8% demonstrates continued momentum.

Bear Case : RACE

The primary concerns for RACE are P/E Ratio, Price/Book, PEG Ratio.

Bear Case : ZKH

The primary concerns for ZKH are EPS Growth, Market Cap, Operating Margin.

Key Dynamics to Monitor

RACE profiles as a mature stock while ZKH is a turnaround play — different risk/reward profiles.

RACE carries more volatility with a beta of 0.60 — expect wider price swings.

ZKH is growing revenue faster at 12.8% — sustainability is the question.

Monitor AUTO MANUFACTURERS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

RACE scores higher overall (58/100 vs 38/100), backed by strong 22.3% margins. ZKH offers better value entry with a 48.8% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Ferrari NV

CONSUMER CYCLICAL · AUTO MANUFACTURERS · USA

Ferrari NV designs, designs, produces and sells high performance sports cars. The company is headquartered in Maranello, Italy.

ZKH Group Limited

CONSUMER CYCLICAL · INTERNET RETAIL · China

ZKH Group Limited is a forward-thinking investment holding company with a diversified portfolio spanning technology, finance, and real estate sectors. The company emphasizes sustainability and growth in emerging markets, leveraging its deep industry expertise and strategic alliances to fuel expansion. Committed to delivering long-term shareholder value, ZKH upholds strong corporate governance practices while aiming to generate positive social impact in the communities it operates. In a rapidly evolving market landscape, ZKH is well-positioned to adapt and thrive.

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