Added to YB: 2024-04-03
Pitch date: 2024-04-01
EXO.AS [bullish]
Exor N.V.
-29.71%
current return
Author Info
No bio for this author
Company Info
Exor N.V. engages in the automotive, agriculture and construction, sports car, commercial vehicle, and powertrain businesses worldwide.
Market Cap
EUR 18.1B
Pitch Price
EUR 102.15
Price Target
N/A
Dividend
0.56%
EV/EBITDA
N/A
P/E
-28.39
EV/Sales
-66.68
Sector
Financial Services
Category
value
Exor - discounting excellent track-record?
EXO.AS: Buying Exor today is like getting Ferrari at 40% discount, Stellantis at 8x FCF, rest for free. Exor owns 22.9% Ferrari, 14.2% Stellantis. Ferrari: €6B rev, 27% EBIT & ROCE. Stellantis: €189B rev, 12% EBIT, 18% ROCE. Exor NAV €150/sh vs €103 mkt cap. Why the discount? Capital allocation focused on quality & structural tailwinds. Asymmetric opportunity.
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