Added to YB: 2026-10-01
Pitch date: 2026-09-26
EXO.AS [bullish]
Exor N.V.
-3.45%
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, health technology, football and powertrain businesses in the Netherlands and internationally.
Market Cap
EUR 14.0B
Pitch Price
EUR 71.05
Price Target
133.00 (+94%)
Dividend
0.71%
EV/EBITDA
N/A
P/E
-3.26
EV/Sales
-3.84
Sector
Financial Services
Category
value
EXOR H1 2026 Update: A Weak Half Year, but Management Is Buying Back €500 Million
EXO.AS (earnings): EXOR’s H1 NAV per share fell 3.9% to €157.9 versus an 11.8% MSCI World gain, largely because Stellantis erased roughly €2.0B. The thesis remains the ~56% NAV discount, portfolio simplification and a new €500M buyback, supported by incoming asset-sale proceeds. At ~€69.5, the bear case reaches €101 and ~8% annual returns; a Stellantis capital raise or prolonged cash inaction would weaken the case.
Read full article (9 min)