Added to YB: 2026-10-02
Pitch date: 2026-09-28
EXO.AS [bullish]
Exor N.V.
-3.04%
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 70.75
Price Target
167.00 (+143%)
Dividend
0.71%
EV/EBITDA
N/A
P/E
-3.26
EV/Sales
-3.84
Sector
Financial Services
Category
value
The Monday Morning Briefing: Micron and Nike Earnings on Deck - Exor N.V.
EXO.AS: Exor trades at a 57% discount to pro-forma NAV of roughly €167 per share, while a committed €500M buyback retires 3.5% of its capital. Andrew Brown estimates that roughly €1.5B still to arrive from Iveco and Welltec would put Exor at about €1.2B of net cash, leaving scope for further repurchases. He reads the discount as pricing Ferrari concentration, opaque Lingotto disclosure and concern over another large healthcare commitment.
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