Publication date: November 8, 2024
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- Year of incorporation: 1927
- Year added to the AEX: 2022
- Highest price ever: Approximately €106.10 in May 2024
- Average trading volume: Approximately 143.000 shares per day
- Price performance over the past 12 months: +13.4%
Introduction about the company
Exor N.V. is an international investment company based in Amsterdam, the Netherlands. The company has a diversified portfolio with interests in companies within various sectors, including automotive, reinsurance, media, and health. Listed on Euronext Amsterdam under the symbol EXO, Exor is known for its long-term vision and commitment to the growth of the companies in which it invests.
Core figures & performance
In 2023, Exor achieved a total value of its investment portfolio of approximately €29 billion. The company has about 200 employees worldwide and manages a large number of strategic investments, including large stakes in companies such as Ferrari, Stellantis, CNH Industrial, and the reinsurance company PartnerRe. Exor's market capitalization is approximately €20 billion. Exor maintains a policy focused on shareholder value creation through a combination of dividend payments and reinvestment in new opportunities.
History & development
Exor has a rich history dating back to 1927 and was founded by the Agnelli family, known for Fiat. Over the years, Exor has evolved from a holding company focused on the auto industry to a diversified investment company. In recent decades, Exor has made strategic moves to expand its portfolio, including the acquisition of PartnerRe in 2016, which strengthened Exor's presence in the financial sector. The firm remains focused on managing a balanced portfolio and supporting growth in the companies in which it participates.
Sector & competition
Exor operates within the global investment sector, competing with other major investment firms such as Berkshire Hathaway, SoftBank, and KKR. Exor is distinguished by its long-term approach and close collaboration with the companies in which it invests, with a focus on delivering sustainable value. The sector in which Exor operates is characterized by the need for strategic diversification, risk management, and the ability to seize opportunities within different market cycles.
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Influence of Exor on the AEX
Exor has a relatively modest influence on the AEX, with a weighting of approximately 1.1% (measured in 2024). Although Exor's market capitalization is not as large as that of some of the other heavyweights in the index, changes in Exor's share price can affect the AEX, particularly when significant investment decisions or quarterly results are announced. As an investment company, Exor's results are sensitive to the performance of its holdings, which can increase volatility in the share price.
Investment analysis & outlook
Exor is seen by analysts as a stable investment, with growth opportunities due to the various sectors in which it operates. Exor's long-term strategy and strong focus on value creation offer a positive outlook, although factors such as market fluctuations and specific performance of holdings may pose risks. With strategic stakes in large and well-performing companies such as Ferrari and Stellantis, Exor has a solid foundation for future growth, and the diversification of the portfolio helps to spread risk.
For more detailed insights into Exor's recent share price performance and expectations, including an analysis of technical and fundamental trends, please read our June 5, 2024 article. This article offers a comprehensive look at Exor's performance since listing in Amsterdam and provides a price target of €115 to €120. Read it here.
Below, you can follow Exor's share price performance compared to the AEX over the past 5 years. This shows that Exor is less sensitive to sector-related fluctuations than some other companies, due to the diversified nature of its investments. Nevertheless, Exor partially follows general market trends within the AEX.
News & updates
Recently, Exor has announced plans to further strengthen its stake in several sectors, with additional focus on healthcare and technology. The company is exploring new investment opportunities and aims to expand its portfolio in emerging sectors. These initiatives are part of Exor's long-term strategy to build a diversified and future-proof investment portfolio. For more information on Exor's performance and strategic plans, please visit its official website: Exor.com
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.