Maranello is a holding company organized around 4 areas of activity: - construction and sale of luxury sports vehicles (83.7% of turnover); - manufacture and sale of engines (4.4%); - financial services and other (11.9%). The geographic breakdown of sales is as follows: Italy (9.6%), Europe-Middle East-Africa (33.1%), Americas (21.8%), China-Hong Kong-Taiwan (7.8%) , Asia-Pacific and Australia (13.1%). In 2023, the volume of employees is 4,919 people¹.

There is some instant witness of people’s confidence in the future of which Maranello is a part. Each recession benefits to luxury vehicle manufacturers. Therefore, some people have the means not to be afraid of uncertainties. In 1905 Theodore ROOSEVELT argued¹ that there is no good reason why we should fear the future, but there is every reason why we should face it seriously, neither hiding from ourselves the gravity of the problems before us nor fearing to approach these problems with the unbending, unflinching purpose to solve them aright. At that time, the Spanish flu (H1N1 ) had not yet affected the United States. We must ask ourselves whether the same discourse could have been held 10 years after a crisis in which the morbidity rate took 1/3 of adults to 2/3 of children. Given the appearance of SAS-COV2, it was not a question of solving a problem but of defining whether there would still be someone to ask questions.

However, on March 23, 2020 at the worst time of the crisis, the stock of this company partly owned by Exor will never come down below of 129.50 USD. In other words, some felt it was appropriate to keep shares in a company that was willing to fail. It is twice as much as the over-weighted Tesla or Sanofi who works in the medical field. In order to determine whether this stability can be reversed in the future, as ROOSEVELT it is necessary to examine the two coherent paths which are necessary for Maranello alone, namely law and public health.

First of all, sanitary measures are imposed on supercar manufacturers as well as their customers. Thus, medicine is the manifestation of a sovereign prerogative that seizes both productivity and automobile consumption. This is a factor likely to corrode the stability of the Maranello shares. However, the events of 2020 have shown that its influence remains tempered by the epidemiological picture of COVID. This moderation can be explained on the production side by a small volume of employees who generate a large turnover; the measures are more easily applicable there than a factory employing hundreds of thousands of people ( GM in Detroit, Volkswagen in Wolfsburg ). Moreover, on the customer side, some cars acquire value rather than lose it. In times of crisis, these are safe havens such as art, which smoothes out speculation. It can be deduced that the CDC epidemics class 2 and lower will have only a limited impact on the stock market. However, there are great reservations about this confidence for Class 3 and higher infections.

Second of all, the judge’s decisions are binding on Maranello, including those that would be in his favour, such as fines or convictions that have become definitively valid. Since the projected profit and loss accounts relate to the ability to redeem and turnover in the calculation of dividends paid to shareholders, court orders provide essential information on the value of a security in the future.Among the American control authorities, the US SEC collects the financial data of Maranello and question it if necessary. In terms of the communications made public, it is possible to note that the company with the prancing horse has been making connections¹ since July 23, 2015, which seems little for an organization born in 1947. This is due to the IPO Form-F1 declaration by which New Business Netherlands N.V and FCA merge. The reports are plethora and transparent. Thus, HSBC and Ernst & Young maintained¹ links with Maranello in 2016. Since 2018, the Head of Purchasing postulates of OECD measures¹² taken on the purchase of raw material from the Republic of Congo intended for its outcome, to finance a terrorist group. In March 22, 2021, the company held¹ in treasury 8,949,511 common shares equal to 3.48% of the total issued share capital. The Italian supreme court contains antecedents about Maranello but no judgment can harm the interests of shareholders. On the contrary, the brand image emerges from it. Such is the case of a judgment¹ of the court of Palermo dating from 2017 where GMC Pontiacs had been transformed and sold as F360. The judge reminds that the fraudulent appropriation of intellectual property can be determined by the contours of crime of fraud, even without counterfeiting. US Supreme court do no record any docket concerning Maranello.

No legal element, no sanitary measures makes it possible to underweight or even overweight the RACE share. Maranello also seems to benefit from the favors of stock market which sees in the recession, an investment with average but reliable performance.

For this reason

Maranello deserved a upper confidence level