Exor (EXO) AI Stock Analysis

• Market Cap: $26.74B
• Dividend Yield: 0.57%
• Average Volume (3M): 179.63K
• Price to Earnings (P/E): 0.7
• Beta (1Y): 0.98
• 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: 221,250
• 30 Day Avg. Volume: 179,631
• 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: $105.92
• Price Target Upside: 22.74% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 57 Neutral
• Price Target: €89.00 ▲(3.13% Upside)

Exor's overall stock score is driven by its attractive valuation, despite mixed financial performance and technical indicators. The low P/E ratio suggests potential undervaluation, while the financial performance highlights concerns with revenue and cash flow declines. Technical analysis indicates short-term strength but long-term caution.

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

Exor Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 86.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:EXO, the sentiment is Positive. The current price of 86.3 is above the 20-day moving average (MA) of 83.47, above the 50-day MA of 85.41, and below the 200-day MA of 86.36, indicating a neutral trend. The MACD of -0.39 indicates Negative momentum. The RSI at 59.65 is Neutral, neither overbought nor oversold. The STOCH value of 76.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	€1.61B	14.40	19.44%	2.80%	11.67%	36.03%
ARCAD	70 Outperform	€4.23B	17.70	19.71%	2.13%	-2.02%	24.14%
VPK	68 Neutral	€4.26B	9.42	12.13%	4.14%	-3.32%	15.52%
BAMNB	63 Neutral	€2.20B	16.39	9.18%	3.05%	3.64%	-22.13%
AALB	62 Neutral	€3.14B	20.71	7.04%	3.92%	-4.31%	-50.34%
EXO	57 Neutral	$26.74B	0.65	―	0.57%	―	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%