OTCPK:EXXR.F

Stock Analysis Report

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Executive Summary

Exor N.V., through its subsidiaries, engages in the reinsurance, automotive, agricultural equipment, construction equipment and commercial vehicles, and football businesses.


Snowflake Analysis

Adequate balance sheet with moderate growth potential.

Share Price & News

How has Exor's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EXXR.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

EXXR.F

1.6%

US Diversified Financial

1.1%

US Market


1 Year Return

-24.8%

EXXR.F

-12.9%

US Diversified Financial

4.6%

US Market

Return vs Industry: EXXR.F underperformed the US Diversified Financial industry which returned -12.9% over the past year.

Return vs Market: EXXR.F underperformed the US Market which returned 4.1% over the past year.


Shareholder returns

EXXR.FIndustryMarket
7 Day0%1.6%1.1%
30 Day-9.5%-5.3%5.5%
90 Day-36.7%-19.2%-4.9%
1 Year-24.8%-24.8%-12.7%-12.9%7.0%4.6%
3 Year-18.1%-18.1%5.1%4.8%28.6%20.1%
5 Yearn/a19.6%19.0%52.5%35.3%

Price Volatility Vs. Market

How volatile is Exor's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Exor undervalued compared to its fair value and its price relative to the market?

0.75x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: EXXR.F ($47.5) is trading above our estimate of fair value ($21.5)

Significantly Below Fair Value: EXXR.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EXXR.F is unprofitable, so we can't compare its PE Ratio to the Diversified Financial industry average.

PE vs Market: EXXR.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EXXR.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EXXR.F is overvalued based on its PB Ratio (0.7x) compared to the US Diversified Financial industry average (0.6x).


Next Steps

Future Growth

How is Exor forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

88.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EXXR.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: EXXR.F is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: EXXR.F's is expected to become profitable in the next 3 years.

Revenue vs Market: Insufficient data to determine if EXXR.F's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if EXXR.F's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EXXR.F's Return on Equity is forecast to be low in 3 years time (9%).


Next Steps

Past Performance

How has Exor performed over the past 5 years?

-15.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EXXR.F is currently unprofitable.

Growing Profit Margin: EXXR.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EXXR.F is unprofitable, and losses have increased over the past 5 years at a rate of -15.4% per year.

Accelerating Growth: Unable to compare EXXR.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EXXR.F is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (45.6%).


Return on Equity

High ROE: EXXR.F has a negative Return on Equity (11.71%), as it is currently unprofitable.


Next Steps

Financial Health

How is Exor's financial position?


Financial Position Analysis

Short Term Liabilities: EXXR.F's short term assets (€78.5B) exceed its short term liabilities (€56.2B).

Long Term Liabilities: EXXR.F's short term assets (€78.5B) exceed its long term liabilities (€73.9B).


Debt to Equity History and Analysis

Debt Level: EXXR.F's debt to equity ratio (105.4%) is considered high.

Reducing Debt: EXXR.F's debt to equity ratio has reduced from 285.5% to 105.4% over the past 5 years.

Debt Coverage: EXXR.F's debt is well covered by operating cash flow (26.2%).

Interest Coverage: EXXR.F is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Exor's current dividend yield, its reliability and sustainability?

0.90%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EXXR.F's dividend (0.9%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: EXXR.F's dividend (0.9%) is low compared to the top 25% of dividend payers in the US market (4.73%).


Stability and Growth of Payments

Stable Dividend: EXXR.F is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: EXXR.F is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: EXXR.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EXXR.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

John Elkann (43yo)

9.25yrs

Tenure

€5,421,511

Compensation

Mr. John Jacob Philip Elkann has been an Executive Director of Fiat Chrysler Automobiles N.V. since December 1997. He has been the Chairman of Fiat Chrysler Automobiles N.V., since October 13, 2014. He has ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD5.91M) is below average for companies of similar size in the US market ($USD11.86M).

Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
John Elkann
Chairman & CEO9.25yrs€5.42mno data
Noam Ohana
Managing Directorno datano datano data
Enrico Vellano
Chief Financial Officer14.33yrsno datano data
Maite Trenchs
Corporate Finance Investor Relator3.08yrsno datano data
Florence Hinnen
General Counsel3.42yrsno datano data
Gioia Caramellino
Head of Communication3.42yrsno datano data
Suzanne Heywood
Managing Directorno datano datano data
Matteo Scolari
Managing Director of Financial Investments3.67yrsno datano data
Gianluca Ferrero
Secretary to the Boardno data€75.00kno data
Nicoletta Paracchini
Statutory Auditorno data€41.50kno data

3.5yrs

Average Tenure

49yo

Average Age

Experienced Management: EXXR.F's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Elkann
Chairman & CEO9.25yrs€5.42mno data
Joseph Bae
Independent Non-Executive Director2yrsno datano data
António de Sousa Horta-Osório
Independent Director5yrs€55.83k0.0016% 198.3k
Marc Bolland
Senior Independent Non Executive Directorno data€58.33kno data
Pio Teodorani-Fabbri
Honorary Chairman8yrs€41.20kno data
Andrea Agnelli
Non-Independent Director14yrsno datano data
Melissa Bethell
Independent Non-Executive Director3yrs€61.67kno data
Laurence Debroux
Independent Director3yrs€58.75kno data
Alessandro Nasi
Vice Chairman8yrs€7.50kno data
Ginevra Elkann
Non-Independent Directorno datano datano data

5.0yrs

Average Tenure

45yo

Average Age

Experienced Board: EXXR.F's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Exor N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Exor N.V.
  • Ticker: EXXR.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Multi-Sector Holdings
  • Sector: Diversified Financials
  • Market Cap: €11.032b
  • Listing Market Cap: €12.021b
  • Shares outstanding: 231.61m
  • Website: https://www.exor.com

Number of Employees


Location

  • Exor N.V.
  • Gustav Mahlerplein 25
  • Amsterdam
  • Noord-Holland
  • 1082 MS
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EXOBIT (Borsa Italiana)YesOrdinary SharesITEURApr 2012
EXO1 NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNApr 2012
EYXDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2012
EXXR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2012
EXOMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURApr 2012
0RKYLSE (London Stock Exchange)YesOrdinary SharesGBEURApr 2012
EXOWBAG (Wiener Boerse AG)YesOrdinary SharesATEURApr 2012

Biography

Exor N.V., through its subsidiaries, engages in the reinsurance, automotive, agricultural equipment, construction equipment and commercial vehicles, and football businesses. The company reinsures agriculture, aviation/space, casualty, catastrophe, energy, engineering, financial, marine, motor, multiline, and property risks, as well as offers mortality, longevity, accident and health, and alternative risk products. It also provides vehicles for the mass-market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brands, as well as the SRT performance vehicles; luxury vehicles under the Maserati brand; related service parts and accessories, as well as service contracts under the Mopar brand for the mass-market; and retail and dealer financing, leasing, and rental services. In addition, the company operates in the components and production systems sectors under the Teksid and Comau brands; designs, engineers, produces, and sells luxury performance sports cars under the Ferrari brand; and manages professional football teams. Further it designs, produces, markets, sells, and finances agricultural and construction equipment under the Case and New Holland brands; trucks, commercial vehicles, and buses; and firefighting, defense, and other vehicles under the Iveco brand; and engines, axles, and transmissions solutions for on-road, off-road, marine, and power generation applications. Additionally, the company publishes The Economist newspaper and Website, as well as The World In…, Espresso, Economist Films, Economist Radio, and 1843; and offers magazines, conference and electronic services, and research and analysis services. It operates in the Netherlands, the United States, Brazil, Canada, Poland, Serbia, Turkey, Mexico, Argentina, the Czech Republic, India, China, Australia, South Africa, and internationally. The company is based in Amsterdam, the Netherlands. Exor N.V. is a subsidiary of Giovanni Agnelli B.V. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 04:17
End of Day Share Price2020/05/18 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.