Exor (EXO) AI Stock Analysis

• Market Cap: €24.39B
• Dividend Yield: 0.64%
• Average Volume (3M): 256.07K
• Price to Earnings (P/E): 0.6
• Beta (1Y): 1.05
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: NL
• Employees: 23
• Sector: Industrials
• Sector Strength: 72
• Industry: Auto - Manufacturers
• EPS (TTM): -3.00
• Shares Outstanding: 207,779,750
• 10 Day Avg. Volume: 404,289
• 30 Day Avg. Volume: 256,072
• PEG Ratio: <0.01
• Price to Book (P/B): 0.51
• Price to Sales (P/S): 1.27
• P/FCF Ratio: 416.34
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €106.00
• Price Target Upside: 38.84% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: €79.00 ▲(3.47% Upside)

Exor's overall stock score is primarily influenced by its mixed financial performance and bearish technical indicators. While the company shows strong profitability and a robust balance sheet, the significant revenue decline and cash flow issues are concerning. The technical analysis indicates a downtrend, and the low P/E ratio suggests potential undervaluation, but the modest dividend yield limits income potential.

Exor Business Overview & Revenue Model

Company Description

Exor N.V., together with its subsidiaries, engages in the luxury goods, automotive, agricultural equipment, construction equipment, commercial vehicles, and professional football businesses. The company designs, engineers, produces, and sells luxury performance sports cars under the Ferrari brand. It also offers automotive vehicles and mobility solutions under the Abarth, Alfa Romeo, Chrysler, Citroen, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram, and Vauxhall brands; and retail and dealer financing, and rental services for the automotive sector, as well as sells service parts. In addition, the company designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, engines, and car spare parts. Further, it manages professional football teams; publishes The Economist, La Repubblica and La Stampa, Il Secolo XIX, and other newspapers and magazines; offers digital and advertising, and conference and electronic services; and operates three national radio stations, including Radio Deejay. Additionally, the company provides furniture, homeware, apparel, leather goods, jewelry, and accessories; and offers footwear. It operates in the Netherlands, the United States, Brazil, Canada, Poland, Serbia, Turkey, Mexico, Argentina, the Czech Republic, India, China, Australia, and South Africa. The company was founded in 1899 and is headquartered in Amsterdam, the Netherlands. Exor N.V. is a subsidiary of Giovanni Agnelli B.V.

How the Company Makes Money

Exor generates revenue primarily through its investments in publicly traded and private companies. Its key revenue streams include dividends and capital gains from its equity holdings, particularly in automotive and media sectors. The company also benefits from strategic partnerships and joint ventures, which enhance its investment portfolio's value. Exor's revenue is significantly bolstered by the performance of its major subsidiaries, including Stellantis and Ferrari, where it holds substantial stakes. Additionally, Exor may engage in the sale of assets or restructuring of its investments to realize gains, further contributing to its financial performance.

Exor Financial Statement Overview

Summary

Exor's financial performance is mixed. The income statement shows strong profitability margins but is overshadowed by a dramatic revenue decline. The balance sheet is robust with low leverage and high return on equity, reflecting financial stability. However, the cash flow statement raises concerns with a sharp decline in free cash flow growth and low operating cash flow coverage.

Income Statement

Exor's income statement shows a significant decline in revenue and profit margins in the most recent year, with a revenue growth rate of -93.37% and a net profit margin of 15.27%. While the company achieved a high net profit margin, the drastic drop in revenue is concerning. Historical data indicates fluctuating revenue growth, with a notable decline in 2020 and a recovery in subsequent years. The EBIT and EBITDA margins are strong at 15.28%, suggesting operational efficiency despite the revenue drop.

Balance Sheet

Exor's balance sheet reflects a strong equity position with a debt-to-equity ratio of 0.11, indicating low leverage. The return on equity is exceptionally high at 71.40%, driven by substantial net income. The equity ratio stands at 89.98%, showcasing a solid capital structure. However, the historical data shows variability in leverage, with a significant reduction in debt in the latest year, which is a positive development.

Cash Flow

The cash flow statement reveals a concerning decline in free cash flow growth of -97.17% in the latest year. The operating cash flow to net income ratio is low at 0.04, indicating potential cash flow issues. Despite this, the free cash flow to net income ratio is 1.0, suggesting that the company is generating sufficient free cash flow relative to its net income. Historical data shows fluctuating cash flow metrics, with a significant drop in operating cash flow in the latest year.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	-302.00M	15.39B	44.74B	41.84B	33.62B	26.79B
Gross Profit	-302.00M	1.89B	11.31B	9.51B	7.64B	4.86B
EBITDA	1.24B	17.39B	7.37B	5.96B	6.55B	20.89M
Net Income	-648.00M	14.67B	4.19B	4.23B	1.72B	-30.00M
Balance Sheet
Total Assets	40.00B	42.46B	94.78B	83.70B	91.11B	172.94B
Cash, Cash Equivalents and Short-Term Investments	1.53B	153.00M	8.66B	13.51B	8.67B	35.79B
Total Debt	3.54B	4.09B	39.92B	33.66B	28.68B	55.22B
Total Liabilities	3.64B	4.25B	61.65B	54.03B	66.74B	135.28B
Stockholders Equity	36.35B	38.21B	8.91B	20.63B	16.76B	13.09B
Cash Flow
Free Cash Flow	2.81B	47.00M	3.44B	2.47B	2.22B	3.81B
Operating Cash Flow	2.81B	47.00M	6.25B	4.92B	4.18B	14.06B
Investing Cash Flow	-92.00M	-58.00M	-8.73B	-4.10B	-29.59B	-10.10B
Financing Cash Flow	-1.98B	-56.00M	2.11B	2.13B	-2.19B	10.63B

Exor Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 76.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:EXO, the sentiment is Negative. The current price of 76.35 is below the 20-day moving average (MA) of 80.56, below the 50-day MA of 83.29, and below the 200-day MA of 85.78, indicating a bearish trend. The MACD of -2.39 indicates Positive momentum. The RSI at 32.30 is Neutral, neither overbought nor oversold. The STOCH value of 15.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:EXO.

Exor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HEIJM	76 Outperform	€1.64B	14.40	25.34%	2.75%	11.67%	36.03%
ARCAD	70 Outperform	€4.37B	18.26	21.45%	2.04%	-2.02%	24.14%
VPK	68 Neutral	€4.29B	9.49	15.92%	4.08%	-3.32%	15.52%
BAMNB	68 Neutral	€2.03B	15.11	11.89%	3.35%	3.64%	-22.13%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
AALB	60 Neutral	€2.99B	19.76	6.13%	4.09%	-4.31%	-50.34%
EXO	49 Neutral	€24.39B	0.60	―	0.64%	―	―

Exor Corporate Events

Exor N.V. Earnings Call: Balancing Achievements and Challenges

Exor N.V. (OTC) recently held its earnings call, which painted a picture of balanced achievements and challenges. The company celebrated significant successes, such as the robust performance of Lingotto and a strategic share buyback that boosted NAV per share. However, these positives were tempered by issues like a decrease in gross asset value, negative total shareholder return (TSR), and disappointing share price movements of key investments such as Stellantis and Philips. This mix of highs and lows resulted in a neutral overall sentiment during the call.

Exor N.V. Reports Strong H1 2025 Performance

Exor N.V. is a diversified holding company based in Amsterdam, primarily engaged in managing a portfolio of companies across various industries, including automotive, reinsurance, and media. The company is known for its strategic investments and significant holdings in well-known brands such as Ferrari and Stellantis.