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<strong>Ferrari</strong>: some valuation considerations<br />
(Sergio’s views)<br />
Broker estimates average value between €3.3B and €5.4B, with a<br />
median of €4.3B<br />
EBITDA multiples for luxury goods companies are 9x to 12x (1-year<br />
forward)
![55721335-d6fe09eb5ffdcc87dbf6c3f0b5bbda07d2261e98[1]](https://img.yumpu.com/56533583/1/186x260/55721335-d6fe09eb5ffdcc87dbf6c3f0b5bbda07d2261e981.jpg?quality=85)
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