€103.56B Market Cap.
RACE Market Cap. (MRY)
RACE Shares Outstanding (MRY)
RACE Assets (MRY)
Total Assets
€9.50B
Total Liabilities
€5.95B
Total Investments
€1.77B
RACE Income (MRY)
Revenue
€6.68B
Net Income
€1.52B
Operating Expense
€1.46B
RACE Cash Flow (MRY)
CF Operations
€1.93B
CF Investing
-€987.11M
CF Financing
-€324.76M
RACE Dividends (MRY)
Period | Dividends | Yield % | Growth % | Payout Ratio | Coverage Ratio |
|---|---|---|---|---|---|
2024 | $2.44 | 0.60% | 21.66% | 28.84% | 3.47 |
2023 | $2.01 | 0.60% | 36.60% | 29.06% | 3.44 |
2022 | $1.47 | 0.70% | 41.48% | 28.77% | 3.48 |
2021 | $1.04 | 0.40% | -8.05% | 23.09% | 4.33 |
2020 | $1.13 | 0.50% | - | 34.35% | 2.91 |
RACE Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | €9,497,146,000 (17.96%) | €8,051,312,000 (3.68%) | €7,765,823,000 (13.15%) | €6,863,505,000 (9.60%) |
Assets Current | €5,019,903,000 (25.94%) | €3,986,007,000 (0.85%) | €3,952,512,000 (17.50%) | €3,363,719,000 (9.36%) |
Assets Non-Current | €4,477,243,000 (10.13%) | €4,065,305,000 (6.61%) | €3,813,311,000 (8.96%) | €3,499,786,000 (9.84%) |
Goodwill & Intangible Assets | €2,330,846,000 (5.71%) | €2,204,881,000 (5.37%) | €2,092,570,000 (8.80%) | €1,923,355,000 (9.00%) |
Shareholders Equity | €3,533,946,000 (15.45%) | €3,060,888,000 (18.05%) | €2,592,857,000 (17.54%) | €2,205,898,000 (23.57%) |
Property Plant & Equipment Net | €1,828,784,000 (16.10%) | €1,575,200,000 (8.05%) | €1,457,825,000 (7.73%) | €1,353,165,000 (10.32%) |
Cash & Equivalents | €1,742,214,000 (55.28%) | €1,121,981,000 (-19.22%) | €1,388,901,000 (3.33%) | €1,344,146,000 (-1.34%) |
Accumulated Other Comprehensive Income | €0 (0%) | €0 (0%) | €0 (0%) | €0 (0%) |
Deferred Revenue | €0 (0%) | €0 (0%) | €0 (0%) | €0 (0%) |
Total Investments | €1,767,460,000 (11.87%) | €1,579,959,000 (2.14%) | €1,546,832,000 (27.63%) | €1,211,977,000 (18.53%) |
Investments Current | €1,686,638,000 (11.53%) | €1,512,288,000 (1.68%) | €1,487,298,000 (28.50%) | €1,157,468,000 (18.15%) |
Investments Non-Current | €80,822,000 (19.43%) | €67,671,000 (13.67%) | €59,534,000 (9.22%) | €54,509,000 (27.24%) |
Inventory | €1,088,194,000 (14.73%) | €948,514,000 (40.59%) | €674,662,000 (24.80%) | €540,575,000 (17.36%) |
Trade & Non-Trade Receivables | €349,176,000 (33.59%) | €261,380,000 (12.46%) | €232,414,000 (25.63%) | €185,000,000 (0.40%) |
Trade & Non-Trade Payables | €945,657,000 (1.62%) | €930,560,000 (3.06%) | €902,968,000 (13.18%) | €797,832,000 (11.77%) |
Accumulated Retained Earnings (Deficit) | - | - | - | - |
Tax Assets | €252,709,000 (10.27%) | €229,169,000 (4.44%) | €219,436,000 (19.87%) | €183,063,000 (11.18%) |
Tax Liabilities | €147,889,000 (-34.60%) | €226,117,000 (22.18%) | €185,070,000 (-11.40%) | €208,883,000 (61.46%) |
Total Debt | €3,413,782,000 (37.06%) | €2,490,725,000 (-12.04%) | €2,831,772,000 (6.20%) | €2,666,531,000 (-2.21%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | €5,953,908,000 (19.54%) | €4,980,690,000 (-3.54%) | €5,163,336,000 (10.99%) | €4,652,089,000 (4.01%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
RACE Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | €6,676,668,000 (11.83%) | €5,970,146,000 (17.17%) | €5,095,254,000 (19.30%) | €4,270,894,000 (23.44%) |
Cost of Revenue | €3,329,483,000 (11.14%) | €2,995,877,000 (13.10%) | €2,648,953,000 (27.32%) | €2,080,613,000 (23.38%) |
Selling General & Administrative Expense | €561,144,000 (21.31%) | €462,580,000 (8.09%) | €427,974,000 (22.97%) | €348,024,000 (3.54%) |
Research & Development Expense | €894,092,000 (1.42%) | €881,559,000 (13.67%) | €775,572,000 (0.97%) | €768,104,000 (8.58%) |
Operating Expenses | €1,455,236,000 (8.27%) | €1,344,139,000 (11.68%) | €1,203,546,000 (7.83%) | €1,116,128,000 (6.96%) |
Interest Expense | -€1,205,000 (-108.03%) | €15,015,000 (-69.74%) | €49,616,000 (49.19%) | €33,257,000 (-32.26%) |
Income Tax Expense | €363,043,000 (5.26%) | €344,897,000 (44.63%) | €238,472,000 (14.05%) | €209,095,000 (259.55%) |
Net Loss Income from Discontinued Operations | €0 (0%) | €0 (0%) | €0 (0%) | €0 (0%) |
Consolidated Income | €1,525,913,000 (21.35%) | €1,257,457,000 (33.87%) | €939,294,000 (12.74%) | €833,136,000 (36.83%) |
Net Income to Non-Controlling Interests | €4,036,000 (-25.38%) | €5,409,000 (-19.03%) | €6,680,000 (181.98%) | €2,369,000 (122.86%) |
Net Income | €1,521,877,000 (21.55%) | €1,252,048,000 (34.25%) | €932,614,000 (12.26%) | €830,767,000 (36.68%) |
Preferred Dividends Income Statement Impact | €0 (0%) | €0 (0%) | €0 (0%) | €0 (0%) |
Net Income Common Stock | €1,521,877,000 (21.55%) | €1,252,048,000 (34.25%) | €932,614,000 (12.26%) | €830,767,000 (36.68%) |
Weighted Average Shares | €243,750,962 (-0.63%) | €245,297,411 (-0.76%) | €247,188,318 (-0.37%) | €248,094,812 (-0.22%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | €1,883,715,000 (16.86%) | €1,611,960,000 (32.05%) | €1,220,702,000 (13.75%) | €1,073,119,000 (50.07%) |
Gross Profit | €3,347,185,000 (12.54%) | €2,974,269,000 (21.58%) | €2,446,301,000 (11.69%) | €2,190,281,000 (23.50%) |
Operating Income | €1,891,949,000 (16.06%) | €1,630,130,000 (31.17%) | €1,242,755,000 (15.70%) | €1,074,153,000 (47.15%) |
RACE Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -€987,110,000 (-13.93%) | -€866,452,000 (-7.58%) | -€805,408,000 (-9.92%) | -€732,738,000 (-3.49%) |
Net Cash Flow from Financing | -€324,761,000 (70.73%) | -€1,109,407,000 (-100.41%) | -€553,560,000 (4.50%) | -€579,672,000 (-270.65%) |
Net Cash Flow from Operations | €1,926,656,000 (12.23%) | €1,716,637,000 (22.33%) | €1,403,340,000 (9.40%) | €1,282,726,000 (53.03%) |
Net Cash Flow / Change in Cash & Cash Equivalents | €620,233,000 (332.37%) | -€266,920,000 (-696.40%) | €44,755,000 (345.10%) | -€18,260,000 (-103.93%) |
Net Cash Flow - Business Acquisitions and Disposals | €0 (0%) | €0 (0%) | -€1,367,000 (0%) | €0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | €0 (0%) | €0 (0%) | €0 (0%) | €0 (0%) |
Capital Expenditure | -€480,236,000 (-26.61%) | -€379,304,000 (-9.26%) | -€347,147,000 (0.22%) | -€347,911,000 (2.29%) |
Issuance (Repayment) of Debt Securities | €701,029,000 (322.37%) | -€315,257,000 (-432.73%) | €94,750,000 (150.58%) | -€187,318,000 (-127.53%) |
Issuance (Purchase) of Equity Shares | -€581,084,000 (-26.15%) | -€460,629,000 (-16.17%) | -€396,522,000 (-71.73%) | -€230,899,000 (-77.90%) |
Payment of Dividends & Other Cash Distributions | -€439,918,000 (-33.86%) | -€328,631,000 (-31.70%) | -€249,522,000 (-55.85%) | -€160,101,000 (23.07%) |
Effect of Exchange Rate Changes on Cash | €5,448,000 (170.77%) | -€7,698,000 (-2109.92%) | €383,000 (-96.65%) | €11,424,000 (311.28%) |
Share Based Compensation | €0 (0%) | €0 (0%) | €0 (0%) | €0 (0%) |
Depreciation Amortization & Accretion | €666,777,000 (0.68%) | €662,305,000 (21.25%) | €546,225,000 (19.79%) | €455,989,000 (6.88%) |
RACE Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 50.10% (0.60%) | 49.80% (3.75%) | 48.00% (-6.43%) | 51.30% (0.00%) |
Profit Margin | 22.80% (8.57%) | 21.00% (14.75%) | 18.30% (-6.15%) | 19.50% (10.80%) |
EBITDA Margin | 38.20% (0.26%) | 38.10% (9.80%) | 34.70% (-3.07%) | 35.80% (8.48%) |
Return on Average Equity (ROAE) | 46.00% (5.02%) | 43.80% (12.60%) | 38.90% (-5.12%) | 41.00% (4.06%) |
Return on Average Assets (ROAA) | 16.90% (7.64%) | 15.70% (26.61%) | 12.40% (-3.88%) | 12.90% (25.24%) |
Return on Sales (ROS) | 28.20% (4.44%) | 27.00% (12.50%) | 24.00% (-4.38%) | 25.10% (21.26%) |
Return on Invested Capital (ROIC) | 22.70% (2.25%) | 22.20% (26.86%) | 17.50% (-3.31%) | 18.10% (43.65%) |
Dividend Yield | 0.60% (0.00%) | 0.60% (-14.29%) | 0.70% (75.00%) | 0.40% (-20.00%) |
Price to Earnings Ratio (P/E) | 48.15 (9.24%) | 44.08 (11.86%) | 39.41 (-22.14%) | 50.61 (-11.52%) |
Price to Sales Ratio (P/S) | 14.89 (18.98%) | 12.52 (28.11%) | 9.77 (-26.17%) | 13.23 (-2.17%) |
Price to Book Ratio (P/B) | 28.13 (15.25%) | 24.41 (27.15%) | 19.2 (-25.06%) | 25.62 (-2.27%) |
Debt to Equity Ratio (D/E) | 1.69 (3.56%) | 1.63 (-18.28%) | 1.99 (-5.60%) | 2.11 (-15.84%) |
Earnings Per Share (EPS) | 8.47 (22.58%) | 6.91 (35.23%) | 5.11 (13.56%) | 4.5 (36.78%) |
Sales Per Share (SPS) | 28.53 (5.51%) | 27.04 (23.32%) | 21.93 (12.10%) | 19.56 (15.27%) |
Free Cash Flow Per Share (FCFPS) | 5.93 (8.84%) | 5.45 (27.59%) | 4.27 (13.40%) | 3.77 (94.33%) |
Book Value Per Share (BVPS) | 14.5 (16.19%) | 12.48 (18.96%) | 10.49 (17.97%) | 8.89 (23.83%) |
Tangible Assets Book Value Per Share (TABVPS) | 29.4 (23.35%) | 23.83 (3.85%) | 22.95 (15.26%) | 19.91 (10.08%) |
Enterprise Value Over EBIT (EV/EBIT) | 54 (14.89%) | 47 (11.90%) | 42 (-22.22%) | 54 (-20.59%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 39.62 (18.24%) | 33.51 (15.41%) | 29.03 (-23.31%) | 37.85 (-10.52%) |
Asset Turnover | 0.74 (-0.94%) | 0.75 (10.16%) | 0.68 (2.11%) | 0.67 (13.87%) |
Current Ratio | - | - | - | - |
Dividends | €2.44 (21.66%) | €2.01 (36.60%) | €1.47 (41.48%) | €1.04 (-8.05%) |
Free Cash Flow (FCF) | €1,446,420,000 (8.16%) | €1,337,333,000 (26.62%) | €1,056,193,000 (12.98%) | €934,815,000 (93.88%) |
Enterprise Value (EV) | €105,251,657,621 (24.31%) | €84,666,265,963 (55.15%) | €54,569,217,756 (-17.04%) | €65,777,109,707 (11.67%) |
Earnings Before Tax (EBT) | €1,884,920,000 (18.03%) | €1,596,945,000 (36.36%) | €1,171,086,000 (12.62%) | €1,039,862,000 (56.14%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | €2,550,492,000 (12.15%) | €2,274,265,000 (28.71%) | €1,766,927,000 (15.55%) | €1,529,108,000 (33.93%) |
Invested Capital | €8,837,868,000 (22.49%) | €7,215,175,000 (1.39%) | €7,116,124,000 (13.63%) | €6,262,535,000 (6.83%) |
Working Capital | - | - | - | - |
Tangible Asset Value | €7,166,300,000 (22.58%) | €5,846,431,000 (3.05%) | €5,673,253,000 (14.84%) | €4,940,150,000 (9.84%) |
Market Capitalization | €103,555,158,696 (24.74%) | €83,016,002,805 (56.77%) | €52,952,681,482 (-17.53%) | €64,211,899,242 (12.52%) |
Average Equity | €3,311,330,500 (15.96%) | €2,855,548,500 (19.17%) | €2,396,290,000 (18.12%) | €2,028,646,250 (31.46%) |
Average Assets | €9,005,943,750 (12.87%) | €7,979,380,250 (6.36%) | €7,502,468,500 (16.80%) | €6,423,129,250 (8.44%) |
Invested Capital Average | €8,315,201,750 (14.40%) | €7,268,658,500 (4.45%) | €6,958,972,250 (17.57%) | €5,919,099,750 (4.00%) |
Shares | 243,750,962 (-0.63%) | 245,297,411 (-0.76%) | 247,188,318 (-0.37%) | 248,094,812 (-0.22%) |
