Ferrari N.V. completed the first tranche of its €3.5 billion share‑buyback program on March 16 2026, having repurchased €130.621 million of common shares between March 9 and March 13, 2026. The average price paid was €295.10 per share, a figure that reflects the market price during the buyback window and is far below the €1,000 per share cited in the original article.
The program, disclosed during Ferrari’s 2025 Capital Markets Day, allows the company to buy back up to €250 million in the first tranche, with the entire €3.5 billion program slated for completion by 2030. The first tranche began on January 5 2026, and the March purchases represent the most recent tranche of that initial tranche. Ferrari’s filings confirm the €130.6 million figure as the total consideration paid to date for the first tranche.
Share repurchases signal management’s confidence that Ferrari’s equity is undervalued and provide a direct return of capital to shareholders. By reducing the number of outstanding shares, the buyback lifts earnings per share and can support the company’s dividend policy, which has been steadily increasing since the program’s launch. The program also demonstrates Ferrari’s strong cash‑flow generation and robust balance sheet, reinforcing its long‑term financial strategy.
Market reaction to the March 9 buyback update was modestly negative, with the stock falling 1.00 % on that day. Analysts noted that the price decline was driven more by valuation concerns than by the buyback itself, as the program’s scale and timing were already priced into the market. The modest dip suggests that investors view the buyback as a routine capital‑return activity rather than a catalyst for significant price movement.
Looking ahead, Ferrari plans to continue the buyback program through 2030, gradually reducing its share count and potentially increasing shareholder value. The company’s commitment to a €3.5 billion program underscores its confidence in future cash‑flow generation and its willingness to use excess liquidity to benefit shareholders while maintaining investment in its core automotive and EV strategies.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.