AI 銘柄分析 · 10年

Exor N.V.

EXO · EUR · 分析基準日 2026-11-06

{ "as_of": "2026-11-06", "market_price_eur": 73.35, "entry_cohort_cap_oku": 147.20703921, "reference_NAV_proxy_oku": 343.27135658, "indicative_NAV_per_share_eur": 171.04449719, "probability_weighted_fair_value_per_share_eur": 78.78680795, "expected_IRR": 0.103330206, "required_return": 0.095, "scenario_summary": [ { "case": "strong_bull", "probability": 0.12, "10y_payout_oku": 29.03332908, "2036_terminal_old_cohort_mcap_oku": 786.32510777, "pv_oku": 336.41514993, "irr": 0.194104269117 }, { "case": "mild_bull", "probability": 0.2, "10y_payout_oku": 25.94978686, "2036_terminal_old_cohort_mcap_oku": 474.48413113, "pv_oku": 208.79355421, "irr": 0.136341643073 }, { "case": "base", "probability": 0.4, "10y_payout_oku": 22.98685141, "2036_terminal_old_cohort_mcap_oku": 315.40904784, "pv_oku": 142.86699775, "irr": 0.091495005555 }, { "case": "mild_bear", "probability": 0.2, "10y_payout_oku": 14.26556663, "2036_terminal_old_cohort_mcap_oku": 177.34700317, "pv_oku": 81.31776373, "irr": 0.027959658752 }, { "case": "bear", "probability": 0.08, "10y_payout_oku": 5.34787171, "2036_terminal_old_cohort_mcap_oku": 70.28441458, "pv_oku": 32.2419613, "irr": -0.066578541683 } ], "publication_status": "model_only_reverified_2037_stock_neutralization_and_IFRS_investment_company_display_2026_11_06_cutoff_still_unverified_share_count", "five_year_to_ten_year_correction": "All 2027..2035 inclusive plus 2036 Jan1-Nov6 included; no 2036 Nov7-Dec31 payouts added." }

10年期待年率10.33%

資本コスト9.50%

直近終値73.35 EUR2026-11-06

AIによるシナリオ分析です。基準日以降の出来事、株価や為替の変化は個別に確認が必要です。各数値は元の分析の単位と前提に従います。

分析の要約

{
"investment_thesis": "Exor is a discounted collection of equity interests rather than a consolidated automotive group; key determinants are Ferrari premium economics, recovery in Stellantis/CNH, disciplined capital deployment, Lingotto and private holdings, debt and buybacks.",
"valuation_policy": "All 2036 investment exit marks projected from individual investees’ post-2036 sustainable owner FCFE and capital charge; interim share buyback execution prices are explicit market assumptions, NOT a terminal NAV discount.",
"revenue_profit_note": "Exor H1 IFRS investment company reports dividend income, FVTPL remeasurements, G&A incl SBC, other, finance income/cost, PBT and taxes; neither operating sales nor operating profit are reported. Standard stockfu sales/EBIT fields are unsupported; see investment_entity_IFRS_display_metric_policy.",
"past_5_year_payout_error": "Prior model undercounted or mislabeled shareholder distributions by treating years 1–5 as all ten years; replaced by ledger from post-Nov6 2026 through Nov6 2036, events with actual ACT/365.25 year fractions and 5 probability paths.",
"incomplete_baseline_facts": [
"No public exact treasury count at November 6 before November 9 update; November 2 report is latest allowable proxy.",
"Exor tender acceptance/individual cash receipt date for Iveco not proven by Iveco 89.42% aggregate initial settlement; opening model uses offer receivable, settles Nov13 as conditional forecast.",
"Private and Lingotto FV marks are June30 2026 old; Oct/Nov marks not audited.",
"Nov6 actual investee stock holdings may change after June; held constant unless confirmed (Philips 2026 H1 in-kind award already included).",
"After-March-2027 buybacks, future dividends, award vesting, tax, prices and all forecast dates are assumptions."
],
"definitions": {
"payout_oku": "Sum of cash dividends and proportional tender/sale cash actually modeled to original Nov6 shareholder cohort, never book P&L or unrealized NAV.",
"mcap_oku": "End-of-period residual equity intrinsic value times remaining original shareholder cohort ownership; not entire Exor market cap.",
"NAV": "Investments at fair value plus cash, less holding-level debt and liabilities; no additive investee operating CF."
},
"conservative_bias": "A separate terminal reserve charges post-2036 stock-neutralizing repurchases at expected market price rather than treating expensed share awards as costless.",
"staleness_and_model_risk": "Large model uncertainty in 2037 owner-FCFE; not a factual company 2036 forecast.",
"sbc_terminal_validation": "Future >2036-11-06 annual neutralization reserve uses first 2037 buyback at intrinsic 2037 year-growth price. 2037+ old holders pro-rata tender, receive buyback and owner-cash-equivalent distributions while H declines and N remains neutral; 10-year infinite/finite tail PV identity verified to the same 2036 old-cohort terminal value. Prior 2026-36 SBC P&L and equity reserve only cancel for net book NAV; no second P&L charge in terminal."
}

Exor はIFRS投資会社であり、投資先の売上・営業利益を連結売上・営業利益として表示しない。投資配当、公正価値評価損益、費用、金融収支からの損益接続は年次台帳に記載。11月6日の株数は10月30日までの報告値を代理使用し、Iveco受渡時期と非上場資産の評価は未確認。予測権利日・資産売却・買戻しなどの確認時期を超えたら期待リターンを保留。終価の株式報酬補填・比例応札と希薄化を同時にモデル化。

事業

accounting: Since investment entity assessment, parent uses IFRS10 investment entity exception for equity investments at FVTPL, including controlled Juventus; only service companies consolidated. Carrying stakes are public prices and private valuations; no group automotive or health product sales are booked as parent revenue.
holdings: Ferrari luxury sport cars / Stellantis mass auto / CNH farm and construction / Philips health tech / Juventus football / Via transit SaaS / Clarivate business data / Lingotto asset management and LP funds / private stakes.
capital_allocation: Buyback executed below estimated NAV is accretive to continuing shares but old cohort assumed to tender pro-rata and receives cash; no buyer-survivor NAV accretion assigned twice to old cohort.
dividends: Dividend inflow from investees to holdco (and historical Iveco one-off) distinct from Exor ordinary cash dividend to shareholders.
2026_Ferrari_after_cutoff: No. Q3 result dated Nov3 and included, parent profit is not Ferrari operating profit times ownership recognized as equity-accounted earnings.
investee_operating_cashflow_not_added_to_portfolio_values: はい

競争力・事業の質

strengths

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1: Ferrari premium margins and brand moat
2: material net asset cover and historically strong holdco credit rating A-
3: diverse optional reinvestment into funds and healthcare
4: cancelled ordinary treasury has no economic dilution

weaknesses

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1: extreme Ferrari concentration
2: Stellantis/CNH cyclical operating leverage and regulatory risk
3: opaque illiquid holdings
4: discretionary and sometimes dilutive manager LTI and voting control
5: Exor discount may persist indefinitely

leverage

June30 2026 gross notes €35.07億, financial liabilities €1.84億 (of which FX €1.39億 assumed settled Jul1), cash €21.79億, GAV €357.68億; 4.7% published LTV before subsequent transactions.

company_guidance_not_a_projection

2026 second-half results not known at November 6; 2036 normalized investee FCFE scenario values are hypotheses.

業界と環境

Ferrari: scarcity / high-end personalization; capex for new vehicles and brand; premium valuation sensitivity
Stellantis: ICE/EV mix, tariffs, US/Europe demand, pricing discipline, industrial FCF negative through cycle, regulation; expected 2027 return to cash generation uncertain
CNH: agriculture machine market trough, dealers, precision agriculture R&D, captive finance receivables differ from industrial leverage
Philips: hospital spending/recall claims, imaging and monitoring technology, compliance and product innovation
Juventus: match-day media revenues and player wage/contracts drive large operating swings; NCI not consolidated in investment entity NAV
Lingotto_other: liquid and illiquid LPs with FX/market beta and fund fees, residual market pricing uncertain
private: Louboutin consumer luxury, Economist subscriber churn, Institut Merieux diagnostics, Welltec equipment and oil & gas services disposal risk
future_investment: Investment cost does not create instant gain, future 2037 FCFE based on cost and after-maintenance-capex sustainable yield.

財務・資本配分

share_counts

June30 2026 issued 207,779,752, treasury 5,044,751; November2 2026 treasury 7,088,492, effective 200,691,260; net treasury +2,043,741 vs disclosed first+second tranche gross 2,050,116 discrepancy -6,375 (cannot infer exact award delivery without ledger).

special_voting_shares_A

117997914

ordinary_economic_special_voting_share_issue

いいえ

dividend_2026_confirmed_ex_date

2026-05-25

dividend_2026_confirmed_payment

2026-05-27

confirmed_2026_final_dividend_eur_per_share

0.49

included_2026_11_06_to_2036_11_06

いいえ

2026_LTI_PSO_scenario_exercise_assumptions

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strong_bull

2029_exercised_fraction: 0.75

mild_bull

2031_exercised_fraction: 0.5

base

2031_exercised_fraction: 0.25

mild_bear

exercise_fraction: 0

bear

exercise_fraction: 0

2026_LTI_reported

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2026_1h_sbc_expense_oku: 0.14
2026_1h_equity_credited_oku: 0.14
shares_delivered_2026_1h: 503043
PSO_granted: 891447
PSO_strike_eur: 86.46
PSO_vesting: 2028-12-31 conditional, exercise not guaranteed, omitted in issuance ledger
PSU_granted: 133147
PSU_vesting: 2028-12-31 conditional
RSU_granted: 10085
RSU_vesting: 2026–28 three instalments conditional

future_issuance_treatment

cash third-party issue adds cash and shares, reduces original cohort fraction; PSUs/RSUs release from existing treasury without cash to old owners; cancellation reduces issued and treasury equally.

share_repurchase_pro_rata

all future buyback shareholder receipts reported as initial shareholder fraction times issuer cash spent at each event; the remaining original cohort numerator falls pro-rata with outstanding denominator.

sbc_terminal_cost

2036 equity FCFE terminal deducts ONLY future stock-neutralizing employee compensation cost for 2037+, with first 2037 price (1+g)*2036 fair per share and a self-consistent fixed point. Future repurchase cash returned to pro-rata selling old holders appears in post-horizon cohort tail decomposition, not in 2026-2036 timed_cashflows again; employee delivery transfers ownership. Grant-date IFRS SBC expense and equal equity reserve credit cancel in current book equity and are not subtracted again.

financing

Annual interest on holdco notes deducted cash. Hypothetical same-day matched refinancing loans/repayments are visible as zero-net shareholder events, preserving gross holdco debt; note-by-note 2027–2036 maturities unverified. Terminal debt principal subtracted once, no second coupon perpetuity. Undrawn EUR11億 credit facility not modeled as cash.

cash_management_limitations

Proxy gross €35.52億 holdco notes + remaining financial liabilities; future maturities assumed rolled and interest recalculated, not future company-announced contracts.

評価の前提と確認

時価総額（億）

147.20703921

opening_NAV_oku

343.27135658

not_using_market_PE_to_choose_terminal

はい

not_using_fixed_discount_to_NAV_as_terminal

はい

held_portfolio_2026_prices

nov6 public spot prices, stale private/H1 marks disclosed

annual_fair_value_policy

before 2036, each investee mark evolves by scenario gross equity total return minus dividends received by holdco; in 2036 terminal replace booked mark with explicit year+1 normalized owner FCFE / (cost-of-equity - growth).

discount_not_assumed_to_close

はい

group_enterprise_value_not_added

Existing investee equity share prices already deduct their own debt/NCI. Never add investee net income as Exor consolidated profit AND claim priced shares.

no_extra_dividend_on_march_2027_after_horizon

はい

terminal_DCF_sensitivity

理由: Ferrari/Philips growth and k dominate terminal valuation; each 1pp larger r-g reduces all else equal entity Gordon value materially.
計算式: 2037 owner_FCFE / (r-g). E.g one 2027 ownerFCFE 1億, growth 4% through ~2036, 2037 terminal g=2%, r=10% => terminal ≈1.54/(0.08)=19.25億; at r=11% => 17.11億.
単位: 億EUR

2026_11_06_to_2036_11_06_start_and_end_stub

はい

no_double_count_in_terminal_grants

はい

資本コストの前提

資本コスト: 9.50%
currency: EUR
real_or_nominal: nominal_EUR
cost_type: required_initial_shareholder_annual_discount_rate
basis: assumed required shareholder nominal return, used only for scenario present value; investee/terminal rates scenario specific
day_count: ACT/365.25 (calendar anniversary 2036-11-06 is 3653 days, t=10.0013689254)

事業別データ

事業別の内訳と、収録されている年度別データを確認できます。

事業別データを開く →

10年のシナリオ

シナリオごとの確率、期間内の株主還元・追加負担、終価です。金額は億EUR。株主の範囲や受取時点は各分析の前提を確認してください。

シナリオ	確率	株主還元・追加負担	終価
強気	12.0%	29.03	786.33
やや強気	20.0%	25.95	474.48
中立	40.0%	22.99	315.41
やや弱気	20.0%	14.27	177.35
弱気	8.0%	5.35	70.28

強気（確率 12.0%）

growth_shift: 0.055
growth_scale: 1.18
r_shift: -0.009
tg_shift: 0.009
invest_div_mult: 1.3
div_growth: 0.06
buyback_after2027: 1.5
buyback_initial: 3.57
new_invest_annual: 3.5
new_invest_return: 0.09
market_trade_growth: 0.085
cash_interest: 0.035
debt_rate: 0.025
税率: 0.80%
sell_welltec: 2027-03-31
welltec_sale_mult: 1.1
cash_dvd_base: 0.49
sbc_shares_annual: 230000
sbc_expense_annual: 0.27
equity_issuance_2030_oku: 0
terminal_coc: 0.085
holdco_terminal_g: 0.024

確率の根拠

投資先の成長・持株会社の資金配分・事業リスクについての分析上の確率仮定。

事業別の前提

記載なし

日付別キャッシュフロー

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想定日: 2026-11-13
year: 0.0191649555
金額: 0
種類: iveco_tender_receivable_to_cash
date_status: conditional_forecast
underlying_value_oku: 10.56752352
economic_event: asset_to_cash_only
confirmed_offer_settlement_2026_10_30: はい
exor_own_settlement_not_verified: はい
cashflow_to_old_shareholders: いいえ
verification_gate_id: Conditional_Iveco_receivable
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
market_offer_reopened_settlement_announced_date: 2026-11-13
actual_Exor_position_settlement_unverified: はい

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想定日: 2026-12-15
year: 0.1067761807
金額: 0
種類: repurchase_record_date_assumed
date_status: forecast_unannounced
execution_price_eur: 73.991728
tender_election: pro_rata
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2026-12-15
year: 0.1067761807
金額: 1.06999956
種類: exor_pro_rata_tender_cash_to_old_cohort
date_status: forecast_unannounced
company_cash_paid_oku: 1.06999956
issuer_shares_purchased: 1446107
old_cohort_shares_tendered_equivalent: 1446107
old_fraction_pre_buyback: 1
execution_price_eur: 73.991728
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2026-12-31
year: 0.1505817933
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 3362
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
vest_assessment_date_in_existing_2026_LTI_plan: はい
plan_date_source_id: exor_h1
delivery_still_contingent: はい

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想定日: 2027-03-15
year: 0.3531827515
金額: 0
種類: repurchase_record_date_assumed
date_status: forecast_unannounced
execution_price_eur: 75.494148
tender_election: pro_rata
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2027-03-15
year: 0.3531827515
金額: 2.49995711
種類: exor_pro_rata_tender_cash_to_old_cohort
date_status: forecast_unannounced
company_cash_paid_oku: 2.49999929
issuer_shares_purchased: 3311514
old_cohort_shares_tendered_equivalent: 3311458.123498
old_fraction_pre_buyback: 0.999983126599
execution_price_eur: 75.494148
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2027-03-31
year: 0.3969883641
金額: 0
種類: portfolio_sale_close
date_status: forecast_unconfirmed
investee: Welltec
company_sale_cash_oku: 5.41127641
company_sale_gain_vs_book_oku: 0.60848427
old_holder_cash: 0
verification_gate_id: Welltec_divestment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2027-05-16
year: 0.52292950034223
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

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想定日: 2027-06-15
year: 0.605065024
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2027-06-30
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2027-06-15

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想定日: 2027-06-30
year: 0.6461327858
金額: 0.97630125
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 0.97631772
per_ordinary_share_eur: 0.49
holder_shares_on_assumed_ex_date: 199245153
ex_date_assumed: 2027-06-15
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 1.92268309
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 1.42902122
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.38973306
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.11691992
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.06495551
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.09093771
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.01948665
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.71451061
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.80544832
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2027-10-15
year: 0.93908282
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 4.72176591
estimated_owner_fcfe_y1_oku: 0.42495893
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2027-11-01
year: 0.9856262834
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 0.35
maturing_principal_repaid_oku: 0.35
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2027-12-31
year: 1.1498973306
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 3362
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
vest_assessment_date_in_existing_2026_LTI_plan: はい
plan_date_source_id: exor_h1
delivery_still_contingent: はい

内容を開く

想定日: 2028-05-16
year: 1.5249828884326
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

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想定日: 2028-06-15
year: 1.607118412
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2028-06-30
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2028-06-15

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想定日: 2028-06-30
year: 1.6481861739
金額: 1.01767961
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 1.01771425
per_ordinary_share_eur: 0.5194
holder_shares_on_assumed_ex_date: 195933694.8765
ex_date_assumed: 2028-06-15
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2028-09-15
year: 1.8590006845
金額: 0
種類: repurchase_record_date_assumed
date_status: forecast_unannounced
execution_price_eur: 85.361891
tender_election: pro_rata
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-15
year: 1.8590006845
金額: 1.50302834
種類: exor_pro_rata_tender_cash_to_old_cohort
date_status: forecast_unannounced
company_cash_paid_oku: 1.50307949
issuer_shares_purchased: 1760832
old_cohort_shares_tendered_equivalent: 1760772.076434
old_fraction_pre_buyback: 0.999965968607
execution_price_eur: 85.361891
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 2.03398801
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 1.47592444
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.39861684
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.12017125
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.06643614
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.09346653
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.02002854
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.73796222
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.81976986
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-10-13
year: 1.9356605065
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 4.73470226
estimated_owner_fcfe_y1_oku: 0.4261232
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-11-01
year: 1.9876796715
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 3.835
maturing_principal_repaid_oku: 3.835
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-12-31
year: 2.1519507187
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 336508
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
vest_assessment_date_in_existing_2026_LTI_plan: はい
plan_date_source_id: exor_h1
delivery_still_contingent: はい

内容を開く

想定日: 2029-05-16
year: 2.5242984257358
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

内容を開く

想定日: 2029-06-15
year: 2.6064339493
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2029-07-02
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2029-06-15

内容を開く

想定日: 2029-06-30
year: 2.6475017112
金額: 0
種類: pso_option_exercise_from_treasury
date_status: forecast
shares_delivered: 668585
cash_to_exor_strike_proceeds_oku: 0.57805859
option_strike_eur: 86.46
assumed_market_price_eur: 91.03332604
old_holder_cash: 0
old_holder_equivalent_shares_unchanged: はい
状態: forecast_conditional_2026_grant
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-07-02
year: 2.6529774127
金額: 1.06904621
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 1.07093528
per_ordinary_share_eur: 0.550564
holder_shares_on_assumed_ex_date: 194172922.80007
ex_date_assumed: 2029-06-15
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2029-09-14
year: 2.855578371
金額: 0
種類: repurchase_record_date_assumed
date_status: forecast_unannounced
execution_price_eur: 92.591797
tender_election: pro_rata
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2029-09-14
year: 2.855578371
金額: 1.49632912
種類: exor_pro_rata_tender_cash_to_old_cohort
date_status: forecast_unannounced
company_cash_paid_oku: 1.49897323
issuer_shares_purchased: 1618905
old_cohort_shares_tendered_equivalent: 1616049.33558
old_fraction_pre_buyback: 0.998236051887
execution_price_eur: 92.591797
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 2.13999435
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 1.51604861
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.40547828
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.12283899
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.06757971
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.09554144
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.02047316
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.75802431
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.829793
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-10-15
year: 2.9404517454
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 4.72176591
estimated_owner_fcfe_y1_oku: 0.42495893
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2029-11-01
year: 2.9869952088
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 3.835
maturing_principal_repaid_oku: 3.835
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2029-12-31
year: 3.151266256
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 229842
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-05-15
year: 3.5208761122519
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

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想定日: 2030-06-14
year: 3.6030116359
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2030-07-01
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2030-06-14

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想定日: 2030-07-01
year: 3.6495550992
金額: 1.12375775
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 1.13098671
per_ordinary_share_eur: 0.583598
holder_shares_on_assumed_ex_date: 192556873.46449
ex_date_assumed: 2030-06-14
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2030-09-13
year: 3.8521560575
金額: 0
種類: repurchase_record_date_assumed
date_status: forecast_unannounced
execution_price_eur: 100.434055
tender_election: pro_rata
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2030-09-13
year: 3.8521560575
金額: 1.48939223
種類: exor_pro_rata_tender_cash_to_old_cohort
date_status: forecast_unannounced
company_cash_paid_oku: 1.49897325
issuer_shares_purchased: 1492495
old_cohort_shares_tendered_equivalent: 1482955.385451
old_fraction_pre_buyback: 0.993608277047
execution_price_eur: 100.434055
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 2.25769404
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 1.56153007
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.41358784
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Stellantis
amount_received_by_company_oku: 0.35075975
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.12590996
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.06893131
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.09792997
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.02098499
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.78076503
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.84223989
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2030-10-15
year: 3.9397672827
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 4.72176591
estimated_owner_fcfe_y1_oku: 0.42495893
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-11-01
year: 3.9863107461
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 3.835
maturing_principal_repaid_oku: 3.835
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2030-12-31
year: 4.1505817933
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 229842
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2031-05-14
year: 4.517453798768
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

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想定日: 2031-06-13
year: 4.5995893224
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2031-06-30
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2031-06-13

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想定日: 2031-06-30
year: 4.6461327858
金額: 1.18200945
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 1.19103497
per_ordinary_share_eur: 0.618614
holder_shares_on_assumed_ex_date: 191073918.07904
ex_date_assumed: 2031-06-13
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2031-09-15
year: 4.8569472964
金額: 0
種類: repurchase_record_date_assumed
date_status: forecast_unannounced
execution_price_eur: 109.013552
tender_election: pro_rata
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2031-09-15
year: 4.8569472964
金額: 1.48761329
種類: exor_pro_rata_tender_cash_to_old_cohort
date_status: forecast_unannounced
company_cash_paid_oku: 1.49897231
issuer_shares_purchased: 1375033
old_cohort_shares_tendered_equivalent: 1364613.174585
old_fraction_pre_buyback: 0.992422127022
execution_price_eur: 109.013552
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 2.38186721
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 1.60837597
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.4218596
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Stellantis
amount_received_by_company_oku: 0.36479014
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.12905771
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.07030993
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.10037822
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.02150962
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.80418799
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.85487349
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2031-10-15
year: 4.93908282
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 2.44832307
estimated_owner_fcfe_y1_oku: 0.22034908
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2031-11-01
year: 4.9856262834
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 3.835
maturing_principal_repaid_oku: 3.835
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2031-12-31
year: 5.1498973306
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 229842
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2032-05-16
year: 5.5249828884326
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

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想定日: 2032-06-15
year: 5.607118412
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2032-06-30
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2032-06-15

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想定日: 2032-06-30
year: 5.6481861739
金額: 1.24398184
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 1.2549877
per_ordinary_share_eur: 0.655731
holder_shares_on_assumed_ex_date: 189709304.90445
ex_date_assumed: 2032-06-15
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2032-09-15
year: 5.8590006845
金額: 0
種類: repurchase_record_date_assumed
date_status: forecast_unannounced
execution_price_eur: 118.299519
tender_election: pro_rata
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2032-09-15
year: 5.8590006845
金額: 1.48989783
種類: exor_pro_rata_tender_cash_to_old_cohort
date_status: forecast_unannounced
company_cash_paid_oku: 1.50307938
issuer_shares_purchased: 1270571
old_cohort_shares_tendered_equivalent: 1259428.478588
old_fraction_pre_buyback: 0.991230304004
execution_price_eur: 118.299519
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 2.51975448
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

100

内容を開く

想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 1.66116595
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

101

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想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.43147568
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

102

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想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Stellantis
amount_received_by_company_oku: 0.38042115
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

103

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想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.13264658
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.07191261
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

105

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想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.10316956
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

106

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想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.02210776
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

107

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想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.83058298
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

108

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想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.87007385
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

109

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想定日: 2032-10-15
year: 5.9411362081
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 2.4550308
estimated_owner_fcfe_y1_oku: 0.22095277
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

110

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想定日: 2032-11-01
year: 5.9876796715
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 1.00205339
maturing_principal_repaid_oku: 1.00205339
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

111

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想定日: 2032-12-31
year: 6.1519507187
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 230472
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

112

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想定日: 2033-05-16
year: 6.5242984257358
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

113

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想定日: 2033-06-15
year: 6.6064339493
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2033-06-30
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2033-06-15

114

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想定日: 2033-06-30
year: 6.6475017112
金額: 1.30986678
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 1.3230575
per_ordinary_share_eur: 0.695074
holder_shares_on_assumed_ex_date: 188449876.42586
ex_date_assumed: 2033-06-15
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

115

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想定日: 2033-09-15
year: 6.8583162218
金額: 0
種類: repurchase_record_date_assumed
date_status: forecast_unannounced
execution_price_eur: 128.347811
tender_election: pro_rata
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

116

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想定日: 2033-09-15
year: 6.8583162218
金額: 1.48402823
種類: exor_pro_rata_tender_cash_to_old_cohort
date_status: forecast_unannounced
company_cash_paid_oku: 1.4989728
issuer_shares_purchased: 1167899
old_cohort_shares_tendered_equivalent: 1156255.195313
old_fraction_pre_buyback: 0.990030127017
execution_price_eur: 128.347811
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

117

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 2.65107775
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

118

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 1.70632607
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

119

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.43890273
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

120

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Stellantis
amount_received_by_company_oku: 0.39455702
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

121

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.13559126
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

122

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.07315045
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

123

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.10545987
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

124

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.02259854
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

125

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.85316303
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

126

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.88071204
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

127

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想定日: 2033-10-14
year: 6.9377138946
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 2.44832307
estimated_owner_fcfe_y1_oku: 0.22034908
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

128

内容を開く

想定日: 2033-11-01
year: 6.9869952088
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 0.99931554
maturing_principal_repaid_oku: 0.99931554
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

129

内容を開く

想定日: 2033-12-31
year: 7.151266256
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 229842
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

130

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想定日: 2034-05-16
year: 7.523613963039
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

131

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想定日: 2034-06-15
year: 7.6057494867
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2034-06-30
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2034-06-15

132

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想定日: 2034-06-30
year: 7.6468172485
金額: 1.37993975
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 1.39552954
per_ordinary_share_eur: 0.736779
holder_shares_on_assumed_ex_date: 187293621.23055
ex_date_assumed: 2034-06-15
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

133

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想定日: 2034-09-15
year: 7.8576317591
金額: 0
種類: repurchase_record_date_assumed
date_status: forecast_unannounced
execution_price_eur: 139.249599
tender_election: pro_rata
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

134

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想定日: 2034-09-15
year: 7.8576317591
金額: 1.48222781
種類: exor_pro_rata_tender_cash_to_old_cohort
date_status: forecast_unannounced
company_cash_paid_oku: 1.4989732
issuer_shares_purchased: 1076465
old_cohort_shares_tendered_equivalent: 1064439.550535
old_fraction_pre_buyback: 0.988828759444
execution_price_eur: 139.249599
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

135

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想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 2.79688703
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

136

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 1.75751585
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

137

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.44768078
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

138

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Stellantis
amount_received_by_company_oku: 0.4103393
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

139

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.13898104
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

140

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.07461346
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

141

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.10809636
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

142

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.02316351
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

143

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.87875792
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

144

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.89392272
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

145

内容を開く

想定日: 2034-10-13
year: 7.9342915811
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 2.44832307
estimated_owner_fcfe_y1_oku: 0.22034908
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

146

内容を開く

想定日: 2034-11-01
year: 7.9863107461
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 0.99931554
maturing_principal_repaid_oku: 0.99931554
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

147

内容を開く

想定日: 2034-12-31
year: 8.1505817933
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 229842
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

148

内容を開く

想定日: 2035-05-16
year: 8.5229295003422
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

149

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想定日: 2035-06-15
year: 8.605065024
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2035-07-02
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2035-06-15

150

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想定日: 2035-07-02
year: 8.6516084873
金額: 1.45442301
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 1.47264931
per_ordinary_share_eur: 0.780986
holder_shares_on_assumed_ex_date: 186229181.68002
ex_date_assumed: 2035-06-15
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

151

内容を開く

想定日: 2035-09-14
year: 8.8542094456
金額: 0
種類: repurchase_record_date_assumed
date_status: forecast_unannounced
execution_price_eur: 151.043639
tender_election: pro_rata
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

152

内容を開く

想定日: 2035-09-14
year: 8.8542094456
金額: 1.48042009
種類: exor_pro_rata_tender_cash_to_old_cohort
date_status: forecast_unannounced
company_cash_paid_oku: 1.49897218
issuer_shares_purchased: 992410
old_cohort_shares_tendered_equivalent: 980127.400174
old_fraction_pre_buyback: 0.987623462252
execution_price_eur: 151.043639
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

153

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 2.95071582
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

154

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 1.81024133
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

155

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.4566344
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

156

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Stellantis
amount_received_by_company_oku: 0.42675287
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

157

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.14245557
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

158

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.07610573
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

159

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.11079877
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

160

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.02374259
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

161

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.90512066
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

162

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.90733156
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

163

内容を開く

想定日: 2035-10-15
year: 8.93908282
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 2.44832307
estimated_owner_fcfe_y1_oku: 0.22034908
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

164

内容を開く

想定日: 2035-11-01
year: 8.9856262834
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 0.99931554
maturing_principal_repaid_oku: 0.99931554
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

165

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想定日: 2035-12-31
year: 9.1498973306
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 229842
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

166

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想定日: 2036-05-14
year: 9.5195071868583
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

167

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想定日: 2036-06-13
year: 9.6016427105
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2036-06-30
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2036-06-13

168

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想定日: 2036-06-30
year: 9.6481861739
金額: 1.53357446
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 1.55469539
per_ordinary_share_eur: 0.827845
holder_shares_on_assumed_ex_date: 185249054.27984
ex_date_assumed: 2036-06-13
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

169

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想定日: 2036-09-15
year: 9.8590006845
金額: 0
種類: repurchase_record_date_assumed
date_status: forecast_unannounced
execution_price_eur: 163.946418
tender_election: pro_rata
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

170

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想定日: 2036-09-15
year: 9.8590006845
金額: 1.25985536
種類: exor_pro_rata_tender_cash_to_old_cohort
date_status: forecast_unannounced
company_cash_paid_oku: 1.27720653
issuer_shares_purchased: 779039
old_cohort_shares_tendered_equivalent: 768455.557341
old_fraction_pre_buyback: 0.98641474604
execution_price_eur: 163.946418
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

171

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 2.65245099
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

172

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 1.58869754
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

173

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.39685908
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

174

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Stellantis
amount_received_by_company_oku: 0.3781615
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

175

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.12441445
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

176

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.06614318
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

177

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.09676679
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

178

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.02073574
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

179

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.79434877
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

180

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.78469265
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

181

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想定日: 2036-10-01
year: 9.9028062971
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 0.85147159
maturing_principal_repaid_oku: 0.85147159
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

182

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想定日: 2036-10-01
year: 9.9028062971
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 2.08610541
estimated_owner_fcfe_y1_oku: 0.18774949
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

その他の数値・前提

assumptions

内容を開く

growth_shift: 0.055
growth_scale: 1.18
r_shift: -0.009
tg_shift: 0.009
invest_div_mult: 1.3
div_growth: 0.06
buyback_after2027: 1.5
buyback_initial: 3.57
new_invest_annual: 3.5
new_invest_return: 0.09
market_trade_growth: 0.085
cash_interest: 0.035
debt_rate: 0.025
税率: 0.80%
sell_welltec: 2027-03-31
welltec_sale_mult: 1.1
cash_dvd_base: 0.49
sbc_shares_annual: 230000
sbc_expense_annual: 0.27
equity_issuance_2030_oku: 0
terminal_coc: 0.085
holdco_terminal_g: 0.024

financial_engine

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accounting_method: IFRS 10 investment entity / FVTPL and selected FVTOCI; parent-only investment holding and services consolidation
company_ifrs_profit_2027_to_2036: forecast fair value remeasurement plus investee dividends minus financing and cash costs and SBC expense; cannot be equated with investee EBIT
old_holder_tender_choice: ALL original 2026-11-06 cohort participates pro rata at each issuer tender/buyback; after buyback its ownership fraction remains unchanged until employee delivery/third-party capital issuance
future_sbc_corporate_equity: sbc P&L expense -SBC; noncash equity credit +SBC; future awards deliver treasury reducing treasury and diluting old holder, not cash to old shareholders
liability_equity_identity: book_equity = fair_market_value_assets + cash - holdco_debt - other_liabilities; shareholder payouts/repurchases decrease holdco NAV at settlement
new_private_deployment: cash for investment reduces cash, increases new FVPL asset at initial cost; no instant gain
net_debt_terminal: subtract holdco net debt/principal exactly once; investee operating financing is already in investee equity FCFE, not separately subtracted
terminal_sbc_policy: a discounted sustainable cash offset cost at projected share price is deducted, and no continuation of the already modeled year-2036 award in terminal
terminal_no_market_discount_reversion: はい
forecast_IFRS_PnL_vs_OCI_classification: FVTPL changes contribute P&L; assumed FVTOCI mark (2.32/21.31 of broad other-investment bucket) contributes OCI. Profit + OCI reconcile book equity. This is a stated sensitivity/assumption, not a verified allocation.
ifrs_revenue_and_operating_profit_standard_field_support: いいえ

annual_ledger

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period

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start_exclusive: 2026-11-06
end_inclusive: 2026-12-31
actual_days: 55
year_fraction_ACT_36525: 0.150581793292
kind: post_base_stub

opening

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portfolio_assets_oku

358.41135658

現金（億）

21.06

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

343.27135658

株数

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ordinary_issued: 207779752
ordinary_treasury: 7088492
ordinary_outstanding: 200691260
old_holder_remaining_shares: 200691260
old_holder_equivalence_factor: 1
special_voting_ordinary_economic_shares: 0

investments

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asset_values_oku

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CNH: 38.87935386
Christian Louboutin: 5.59246023
Clarivate: 1.42708286
Ferrari: 144.1737671
Institut Merieux: 6.92277235
Juventus: 4.37219911
Lingotto LP interests: 45.21420341
Other assets incl bioMerieux: 21.58115188
Philips: 51.77800834
Stellantis: 18.44062013
Tag Holding: 2.43906694
The Economist Group: 4.11887417
Via Transportation: 4.92465271
Welltec: 4.80279214

fair_value_investments_end_oku

354.66700524

company_investment_cash_dividends_oku

dividend_by_investee_oku

記載なし

market_or_private_revaluations_oku

6.82317218

asset_sales_cash_oku

10.56752352

assets_sold

1: Iveco tender receivable settlement (not new investment gain)

new_investment_cash_deployed_oku

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

6.79365213

estimated_FVTOCI_mark_through_OCI_oku

0.02952005

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

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cash_interest_received_oku

0.16668852

cash_operating_expenses_oku

0.05270363

sbc_expensed_in_parent_ifrs_profit_oku

0.04065708

noncash_equity_compensation_reserve_credit_oku

0.04065708

cash_income_tax_oku

interest_paid_oku

0.13371663

debt_new_borrowings_oku

debt_repaid_oku

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

30.53779222

parent_profit_after_sbc_oku

6.73326331

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

349.00479746

book_equity_rollforward_oku

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begin_equity: 343.27135658
net_profit_after_sbc: 6.73326331
sbc_equity_reserve: 0.04065708
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: 0
cash_buybacks: -1.06999956
expected_equity: 349.00479746
difference_oku: 0
estimated_FVTOCI_other_comprehensive_income: 0.02952005

profit_before_income_tax_oku

6.73326331

total_Other_Comprehensive_Income_proxy_oku

0.02952005

capital

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ordinary_issued: 206333645
ordinary_treasury: 7085130
ordinary_outstanding: 199248515
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 199245153
old_holder_remaining_fraction: 0.999983126599
issuer_shares_repurchased: 1446107
treasury_shares_cancelled: 1446107
sbc_treasury_delivered_shares: 3362
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 1.06999956
old_cohort_dividend_oku: 0
issuer_cash_dividends_oku: 0
issuer_buybacks_oku: 1.06999956

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 1.06999956
cohort_share_of_year_end_nav_oku: 348.99890857
remaining_share_equivalence_factor: 0.999983126599

actions

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日付: 2026-11-13
event: Iveco receivable conversion
cash_inflow_oku: 10.56752352
asset_carrying_value_reduction_oku: 10.56752352
ifrs_profit_effect_oku: 0

内容を開く

日付: 2026-12-15
event: pro rata share repurchase
company_cash_oku: 1.06999956
old_holder_cash_oku: 1.06999956
shares_purchased: 1446107

内容を開く

日付: 2026-12-31
event: share-based award delivered
treasury_decrease: 3362
ordinary_outstanding_increase: 3362

内容を開く

日付: 2026-12-31
event: treasury cancellation (ownership neutral)
cancelled_shares: 1446107
old_holder_cash_oku: 0

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

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model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2026-11-06
期間末: 2026-12-31
期間日数: 55
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 0
change_in_fair_value_of_investment_activities_FVTPL_oku: 6.79365213
general_and_administrative_expenses_including_SBC_oku: -0.09336071
ga_cash_component_oku: -0.05270363
ga_SBC_non_cash_component_oku: -0.04065708
other_income_expenses_net_oku: 0
financial_income_oku: 0.16668852
financial_expenses_oku: -0.13371663
profit_before_taxes_oku: 6.73326331
income_taxes_oku: -0
profit_after_taxes_oku: 6.73326331
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: 0.02952005
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: 6.79365213
alternative_pre_financing_result_oku: 6.70029142
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

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start_exclusive: 2026-12-31
end_inclusive: 2027-12-31
actual_days: 365
year_fraction_ACT_36525: 0.999315537303
kind: full_calendar_year

opening

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portfolio_assets_oku

354.66700524

現金（億）

30.53779222

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

349.00479746

株数

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ordinary_issued: 206333645
ordinary_treasury: 7085130
ordinary_outstanding: 199248515
old_holder_remaining_shares: 199245153
old_holder_equivalence_factor: 0.999983126599
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 44.52314644
Christian Louboutin: 6.15139665
Clarivate: 1.53917186
Ferrari: 162.41490929
Institut Merieux: 7.63529195
Juventus: 4.84449346
Lingotto LP interests: 49.38382826
New diversified investment 2027: 4.72176591
Other assets incl bioMerieux: 22.59801143
Philips: 56.85793304
Stellantis: 20.9761984
Tag Holding: 2.68305354
The Economist Group: 4.42429988
Via Transportation: 5.97921109

fair_value_investments_end_oku

394.73271121

company_investment_cash_dividends_oku

5.5536961

dividend_by_investee_oku

内容を開く

CNH: 0.38973306
Christian Louboutin: 0.06495551
Ferrari: 1.92268309
Institut Merieux: 0.11691992
Lingotto LP interests: 0.71451061
Other assets incl bioMerieux: 0.80544832
Philips: 1.42902122
Tag Holding: 0.01948665
The Economist Group: 0.09093771

market_or_private_revaluations_oku

40.75521647

asset_sales_cash_oku

5.41127641

assets_sold

1: Welltec

new_investment_cash_deployed_oku

4.72176591

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

40.64451191

estimated_FVTOCI_mark_through_OCI_oku

0.11070456

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

1.28645383

cash_operating_expenses_oku

0.36025325

sbc_expensed_in_parent_ifrs_profit_oku

0.27790965

noncash_equity_compensation_reserve_credit_oku

0.27790965

cash_income_tax_oku

0.04474004

interest_paid_oku

0.8873922

debt_new_borrowings_oku

0.35

debt_repaid_oku

0.35

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

33.29875014

parent_profit_after_sbc_oku

45.9143667

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

391.83146136

book_equity_rollforward_oku

内容を開く

begin_equity: 349.00479746
net_profit_after_sbc: 45.9143667
sbc_equity_reserve: 0.27790965
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -0.97631772
cash_buybacks: -2.49999929
expected_equity: 391.83146136
difference_oku: -0
estimated_FVTOCI_other_comprehensive_income: 0.11070456

profit_before_income_tax_oku

45.95910674

total_Other_Comprehensive_Income_proxy_oku

0.11070456

capital

内容を開く

ordinary_issued: 203022131
ordinary_treasury: 7081768
ordinary_outstanding: 195940363
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 195933694.8765
old_holder_remaining_fraction: 0.999965968607
issuer_shares_repurchased: 3311514
treasury_shares_cancelled: 3311514
sbc_treasury_delivered_shares: 3362
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 2.49995711
old_cohort_dividend_oku: 0.97630125
issuer_cash_dividends_oku: 0.97631772
issuer_buybacks_oku: 2.49999929

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 3.47625836
cohort_share_of_year_end_nav_oku: 391.81812679
remaining_share_equivalence_factor: 0.999965968607

actions

内容を開く

日付: 2027-03-31
event: sale of Welltec
company_proceeds_oku: 5.41127641
equity_gain_oku: 0.60848427

内容を開く

日付: 2027-10-15
event: New asset deployment
cost_oku: 4.72176591
asset_adding_oku: 4.72176591

内容を開く

日付: 2027-11-01
event: matched debt refinancing
new_debt_cash_oku: 0.35
principal_repaid_oku: 0.35
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2027-06-30
event: holder dividend
company_cash_oku: 0.97631772
old_holder_cash_oku: 0.97630125

内容を開く

日付: 2027-03-15
event: pro rata share repurchase
company_cash_oku: 2.49999929
old_holder_cash_oku: 2.49995711
shares_purchased: 3311514

内容を開く

日付: 2027-12-31
event: share-based award delivered
treasury_decrease: 3362
ordinary_outstanding_increase: 3362

内容を開く

日付: 2027-12-31
event: treasury cancellation (ownership neutral)
cancelled_shares: 3311514
old_holder_cash_oku: 0

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2026-12-31
期間末: 2027-12-31
期間日数: 365
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 5.5536961
change_in_fair_value_of_investment_activities_FVTPL_oku: 40.64451191
general_and_administrative_expenses_including_SBC_oku: -0.6381629
ga_cash_component_oku: -0.36025325
ga_SBC_non_cash_component_oku: -0.27790965
other_income_expenses_net_oku: 0
financial_income_oku: 1.28645383
financial_expenses_oku: -0.8873922
profit_before_taxes_oku: 45.95910674
income_taxes_oku: -0.04474004
profit_after_taxes_oku: 45.9143667
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: 0.11070456
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: 46.19820801
alternative_pre_financing_result_oku: 45.56004511
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2027-12-31
end_inclusive: 2028-12-31
actual_days: 366
year_fraction_ACT_36525: 1.00205338809
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

394.73271121

現金（億）

33.29875014

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

391.83146136

株数

内容を開く

ordinary_issued: 203022131
ordinary_treasury: 7081768
ordinary_outstanding: 195940363
old_holder_remaining_shares: 195933694.8765
old_holder_equivalence_factor: 0.999965968607
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 51.054224
Christian Louboutin: 6.77318868
Clarivate: 1.66040872
Ferrari: 183.16231936
Institut Merieux: 8.4325807
Juventus: 5.3693148
Lingotto LP interests: 53.9957931
New diversified investment 2027: 5.30238656
New diversified investment 2028: 4.73470226
Other assets incl bioMerieux: 23.69185607
Philips: 62.55031316
Stellantis: 23.86884113
Tag Holding: 2.9536898
The Economist Group: 4.75780922
Via Transportation: 7.2634514

fair_value_investments_end_oku

445.57087897

company_investment_cash_dividends_oku

5.76636382

dividend_by_investee_oku

内容を開く

CNH: 0.39861684
Christian Louboutin: 0.06643614
Ferrari: 2.03398801
Institut Merieux: 0.12017125
Lingotto LP interests: 0.73796222
Other assets incl bioMerieux: 0.81976986
Philips: 1.47592444
Tag Holding: 0.02002854
The Economist Group: 0.09346653

market_or_private_revaluations_oku

46.1034655

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

4.73470226

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

45.98437965

estimated_FVTOCI_mark_through_OCI_oku

0.11908585

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

1.20403169

cash_operating_expenses_oku

0.37207745

sbc_expensed_in_parent_ifrs_profit_oku

0.28703118

noncash_equity_compensation_reserve_credit_oku

0.28703118

cash_income_tax_oku

0.04566796

interest_paid_oku

0.88982341

debt_new_borrowings_oku

3.835

debt_repaid_oku

3.835

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

31.70608084

parent_profit_after_sbc_oku

51.36017516

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

441.07695981

book_equity_rollforward_oku

内容を開く

begin_equity: 391.83146136
net_profit_after_sbc: 51.36017516
sbc_equity_reserve: 0.28703118
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -1.01771425
cash_buybacks: -1.50307949
expected_equity: 441.07695981
difference_oku: 0
estimated_FVTOCI_other_comprehensive_income: 0.11908585

profit_before_income_tax_oku

51.40584312

total_Other_Comprehensive_Income_proxy_oku

0.11908585

capital

内容を開く

ordinary_issued: 201261299
ordinary_treasury: 6745260
ordinary_outstanding: 194516039
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 194172922.80007
old_holder_remaining_fraction: 0.998236051887
issuer_shares_repurchased: 1760832
treasury_shares_cancelled: 1760832
sbc_treasury_delivered_shares: 336508
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 1.50302834
old_cohort_dividend_oku: 1.01767961
issuer_cash_dividends_oku: 1.01771425
issuer_buybacks_oku: 1.50307949

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 2.52070795
cohort_share_of_year_end_nav_oku: 440.29892294
remaining_share_equivalence_factor: 0.998236051887

actions

内容を開く

日付: 2028-10-13
event: New asset deployment
cost_oku: 4.73470226
asset_adding_oku: 4.73470226

内容を開く

日付: 2028-11-01
event: matched debt refinancing
new_debt_cash_oku: 3.835
principal_repaid_oku: 3.835
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2028-06-30
event: holder dividend
company_cash_oku: 1.01771425
old_holder_cash_oku: 1.01767961

内容を開く

日付: 2028-09-15
event: pro rata share repurchase
company_cash_oku: 1.50307949
old_holder_cash_oku: 1.50302834
shares_purchased: 1760832

内容を開く

日付: 2028-12-31
event: share-based award delivered
treasury_decrease: 336508
ordinary_outstanding_increase: 336508

内容を開く

日付: 2028-12-31
event: treasury cancellation (ownership neutral)
cancelled_shares: 1760832
old_holder_cash_oku: 0

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2027-12-31
期間末: 2028-12-31
期間日数: 366
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 5.76636382
change_in_fair_value_of_investment_activities_FVTPL_oku: 45.98437965
general_and_administrative_expenses_including_SBC_oku: -0.65910863
ga_cash_component_oku: -0.37207745
ga_SBC_non_cash_component_oku: -0.28703118
other_income_expenses_net_oku: 0
financial_income_oku: 1.20403169
financial_expenses_oku: -0.88982341
profit_before_taxes_oku: 51.40584312
income_taxes_oku: -0.04566796
profit_after_taxes_oku: 51.36017516
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: 0.11908585
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: 51.75074347
alternative_pre_financing_result_oku: 51.09163484
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2028-12-31
end_inclusive: 2029-12-31
actual_days: 365
year_fraction_ACT_36525: 0.999315537303
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

445.57087897

現金（億）

31.70608084

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

441.07695981

株数

内容を開く

ordinary_issued: 201261299
ordinary_treasury: 6745260
ordinary_outstanding: 194516039
old_holder_remaining_shares: 194172922.80007
old_holder_equivalence_factor: 0.998236051887
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 58.57163895
Christian Louboutin: 7.46122233
Clarivate: 1.7908241
Ferrari: 206.63900328
Institut Merieux: 9.3200762
Juventus: 5.94931973
Lingotto LP interests: 59.07051045
New diversified investment 2027: 5.95251783
New diversified investment 2028: 5.31522915
New diversified investment 2029: 4.72176591
Other assets incl bioMerieux: 24.86259835
Philips: 68.89738286
Stellantis: 27.15079774
Tag Holding: 3.25228056
The Economist Group: 5.12011658
Via Transportation: 8.81883693

fair_value_investments_end_oku

502.89412097

company_investment_cash_dividends_oku

5.95577184

dividend_by_investee_oku

内容を開く

CNH: 0.40547828
Christian Louboutin: 0.06757971
Ferrari: 2.13999435
Institut Merieux: 0.12283899
Lingotto LP interests: 0.75802431
Other assets incl bioMerieux: 0.829793
Philips: 1.51604861
Tag Holding: 0.02047316
The Economist Group: 0.09554144

market_or_private_revaluations_oku

52.60147608

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

4.72176591

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

52.47401845

estimated_FVTOCI_mark_through_OCI_oku

0.12745763

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

1.15211392

cash_operating_expenses_oku

0.38219267

sbc_expensed_in_parent_ifrs_profit_oku

0.29483435

noncash_equity_compensation_reserve_credit_oku

0.29483435

cash_income_tax_oku

0.04670641

interest_paid_oku

0.8873922

debt_new_borrowings_oku

3.835

debt_repaid_oku

3.835

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

30.78405948

parent_profit_after_sbc_oku

57.97077858

equity_issuance_cash_oku

option_exercise_cash_oku

0.57805859

ordinary_equity_end_oku

497.47818045

book_equity_rollforward_oku

内容を開く

begin_equity: 441.07695981
net_profit_after_sbc: 57.97077858
sbc_equity_reserve: 0.29483435
third_party_issue: 0
stock_option_cash_exercise: 0.57805859
cash_dividends: -1.07093528
cash_buybacks: -1.49897323
expected_equity: 497.47818045
difference_oku: 0
estimated_FVTOCI_other_comprehensive_income: 0.12745763

profit_before_income_tax_oku

58.01748499

total_Other_Comprehensive_Income_proxy_oku

0.12745763

capital

内容を開く

ordinary_issued: 199642394
ordinary_treasury: 5846833
ordinary_outstanding: 193795561
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 192556873.46449
old_holder_remaining_fraction: 0.993608277047
issuer_shares_repurchased: 1618905
treasury_shares_cancelled: 1618905
sbc_treasury_delivered_shares: 898427
2026_grant_PSO_exercised_from_treasury_shares: 668585
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 1.49632912
old_cohort_dividend_oku: 1.06904621
issuer_cash_dividends_oku: 1.07093528
issuer_buybacks_oku: 1.49897323

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 2.56537533
cohort_share_of_year_end_nav_oku: 494.29843775
remaining_share_equivalence_factor: 0.993608277047

actions

内容を開く

日付: 2029-10-15
event: New asset deployment
cost_oku: 4.72176591
asset_adding_oku: 4.72176591

内容を開く

日付: 2029-11-01
event: matched debt refinancing
new_debt_cash_oku: 3.835
principal_repaid_oku: 3.835
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2029-07-02
event: holder dividend
company_cash_oku: 1.07093528
old_holder_cash_oku: 1.06904621

内容を開く

日付: 2029-09-14
event: pro rata share repurchase
company_cash_oku: 1.49897323
old_holder_cash_oku: 1.49632912
shares_purchased: 1618905

内容を開く

日付: 2029-06-30
event: option exercise 2026 PSOs from treasury
shares_treasury_delivered: 668585
company_cash_from_strike_oku: 0.57805859

内容を開く

日付: 2029-12-31
event: share-based award delivered
treasury_decrease: 229842
ordinary_outstanding_increase: 229842

内容を開く

日付: 2029-12-31
event: treasury cancellation (ownership neutral)
cancelled_shares: 1618905
old_holder_cash_oku: 0

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2028-12-31
期間末: 2029-12-31
期間日数: 365
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 5.95577184
change_in_fair_value_of_investment_activities_FVTPL_oku: 52.47401845
general_and_administrative_expenses_including_SBC_oku: -0.67702702
ga_cash_component_oku: -0.38219267
ga_SBC_non_cash_component_oku: -0.29483435
other_income_expenses_net_oku: 0
financial_income_oku: 1.15211392
financial_expenses_oku: -0.8873922
profit_before_taxes_oku: 58.01748499
income_taxes_oku: -0.04670641
profit_after_taxes_oku: 57.97077858
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: 0.12745763
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: 58.42979029
alternative_pre_financing_result_oku: 57.75276327
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2029-12-31
end_inclusive: 2030-12-31
actual_days: 365
year_fraction_ACT_36525: 0.999315537303
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

502.89412097

現金（億）

30.78405948

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

497.47818045

株数

内容を開く

ordinary_issued: 199642394
ordinary_treasury: 5846833
ordinary_outstanding: 193795561
old_holder_remaining_shares: 192556873.46449
old_holder_equivalence_factor: 0.993608277047
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 67.24754078
Christian Louboutin: 8.22466107
Clarivate: 1.93148284
Ferrari: 233.28138477
Institut Merieux: 10.31083441
Juventus: 6.59197803
Lingotto LP interests: 64.67066896
New diversified investment 2027: 6.68236239
New diversified investment 2028: 5.96693506
New diversified investment 2029: 5.30070667
New diversified investment 2030: 4.72176591
Other assets incl bioMerieux: 26.11975097
Philips: 75.99685295
Stellantis: 30.53326239
Tag Holding: 3.58261391
The Economist Group: 5.51490061
Via Transportation: 10.70729059

fair_value_investments_end_oku

567.3849923

company_investment_cash_dividends_oku

6.52033287

dividend_by_investee_oku

内容を開く

CNH: 0.41358784
Christian Louboutin: 0.06893131
Ferrari: 2.25769404
Institut Merieux: 0.12590996
Lingotto LP interests: 0.78076503
Other assets incl bioMerieux: 0.84223989
Philips: 1.56153007
Stellantis: 0.35075975
Tag Holding: 0.02098499
The Economist Group: 0.09792997

market_or_private_revaluations_oku

59.76910542

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

4.72176591

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

59.63224038

estimated_FVTOCI_mark_through_OCI_oku

0.13686504

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

1.13961137

cash_operating_expenses_oku

0.39365845

sbc_expensed_in_parent_ifrs_profit_oku

0.30367938

noncash_equity_compensation_reserve_credit_oku

0.30367938

cash_income_tax_oku

0.05103115

interest_paid_oku

0.8873922

debt_new_borrowings_oku

3.835

debt_repaid_oku

3.835

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

29.76019604

parent_profit_after_sbc_oku

65.65642344

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

560.94518835

book_equity_rollforward_oku

内容を開く

begin_equity: 497.47818045
net_profit_after_sbc: 65.65642344
sbc_equity_reserve: 0.30367938
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -1.13098671
cash_buybacks: -1.49897325
expected_equity: 560.94518835
difference_oku: -0
estimated_FVTOCI_other_comprehensive_income: 0.13686504

profit_before_income_tax_oku

65.70745459

total_Other_Comprehensive_Income_proxy_oku

0.13686504

capital

内容を開く

ordinary_issued: 198149899
ordinary_treasury: 5616991
ordinary_outstanding: 192532908
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 191073918.07904
old_holder_remaining_fraction: 0.992422127022
issuer_shares_repurchased: 1492495
treasury_shares_cancelled: 1492495
sbc_treasury_delivered_shares: 229842
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 1.48939223
old_cohort_dividend_oku: 1.12375775
issuer_cash_dividends_oku: 1.13098671
issuer_buybacks_oku: 1.49897325

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 2.61314999
cohort_share_of_year_end_nav_oku: 556.69441696
remaining_share_equivalence_factor: 0.992422127022

actions

内容を開く

日付: 2030-10-15
event: New asset deployment
cost_oku: 4.72176591
asset_adding_oku: 4.72176591

内容を開く

日付: 2030-11-01
event: matched debt refinancing
new_debt_cash_oku: 3.835
principal_repaid_oku: 3.835
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2030-07-01
event: holder dividend
company_cash_oku: 1.13098671
old_holder_cash_oku: 1.12375775

内容を開く

日付: 2030-09-13
event: pro rata share repurchase
company_cash_oku: 1.49897325
old_holder_cash_oku: 1.48939223
shares_purchased: 1492495

内容を開く

日付: 2030-12-31
event: share-based award delivered
treasury_decrease: 229842
ordinary_outstanding_increase: 229842

内容を開く

日付: 2030-12-31
event: treasury cancellation (ownership neutral)
cancelled_shares: 1492495
old_holder_cash_oku: 0

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2029-12-31
期間末: 2030-12-31
期間日数: 365
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 6.52033287
change_in_fair_value_of_investment_activities_FVTPL_oku: 59.63224038
general_and_administrative_expenses_including_SBC_oku: -0.69733783
ga_cash_component_oku: -0.39365845
ga_SBC_non_cash_component_oku: -0.30367938
other_income_expenses_net_oku: 0
financial_income_oku: 1.13961137
financial_expenses_oku: -0.8873922
profit_before_taxes_oku: 65.70745459
income_taxes_oku: -0.05103115
profit_after_taxes_oku: 65.65642344
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: 0.13686504
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: 66.15257325
alternative_pre_financing_result_oku: 65.45523542
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2030-12-31
end_inclusive: 2031-12-31
actual_days: 365
year_fraction_ACT_36525: 0.999315537303
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

567.3849923

現金（億）

29.76019604

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

560.94518835

株数

内容を開く

ordinary_issued: 198149899
ordinary_treasury: 5616991
ordinary_outstanding: 192532908
old_holder_remaining_shares: 191073918.07904
old_holder_equivalence_factor: 0.992422127022
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 77.26154806
Christian Louboutin: 9.07189001
Clarivate: 2.0831895
Ferrari: 263.52573784
Institut Merieux: 11.41715078
Juventus: 7.30405767
Lingotto LP interests: 70.85234567
New diversified investment 2027: 7.50169397
New diversified investment 2028: 6.69854733
New diversified investment 2029: 5.95063196
New diversified investment 2030: 5.30070667
New diversified investment 2031: 2.44832307
Other assets incl bioMerieux: 27.47042369
Philips: 83.94194227
Stellantis: 34.36678425
Tag Holding: 3.94810594
The Economist Group: 5.94522685
Via Transportation: 13.00013512

fair_value_investments_end_oku

638.08844066

company_investment_cash_dividends_oku

6.75720989

dividend_by_investee_oku

内容を開く

CNH: 0.4218596
Christian Louboutin: 0.07030993
Ferrari: 2.38186721
Institut Merieux: 0.12905771
Lingotto LP interests: 0.80418799
Other assets incl bioMerieux: 0.85487349
Philips: 1.60837597
Stellantis: 0.36479014
Tag Holding: 0.02150962
The Economist Group: 0.10037822

market_or_private_revaluations_oku

68.25512528

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

2.44832307

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

68.10807879

estimated_FVTOCI_mark_through_OCI_oku

0.14704649

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

1.19160173

cash_operating_expenses_oku

0.40546821

sbc_expensed_in_parent_ifrs_profit_oku

0.31278976

noncash_equity_compensation_reserve_credit_oku

0.31278976

cash_income_tax_oku

0.05324761

interest_paid_oku

0.8873922

debt_new_borrowings_oku

3.835

debt_repaid_oku

3.835

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

31.22456931

parent_profit_after_sbc_oku

74.39799263

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

633.11300996

book_equity_rollforward_oku

内容を開く

begin_equity: 560.94518835
net_profit_after_sbc: 74.39799263
sbc_equity_reserve: 0.31278976
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -1.19103497
cash_buybacks: -1.49897231
expected_equity: 633.11300995
difference_oku: 1.0E-8
estimated_FVTOCI_other_comprehensive_income: 0.14704649

profit_before_income_tax_oku

74.45124024

total_Other_Comprehensive_Income_proxy_oku

0.14704649

capital

内容を開く

ordinary_issued: 196774866
ordinary_treasury: 5387149
ordinary_outstanding: 191387717
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 189709304.90445
old_holder_remaining_fraction: 0.991230304004
issuer_shares_repurchased: 1375033
treasury_shares_cancelled: 1375033
sbc_treasury_delivered_shares: 229842
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 1.48761329
old_cohort_dividend_oku: 1.18200945
issuer_cash_dividends_oku: 1.19103497
issuer_buybacks_oku: 1.49897231

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 2.66962274
cohort_share_of_year_end_nav_oku: 627.56080134
remaining_share_equivalence_factor: 0.991230304004

actions

内容を開く

日付: 2031-10-15
event: New asset deployment
cost_oku: 2.44832307
asset_adding_oku: 2.44832307

内容を開く

日付: 2031-11-01
event: matched debt refinancing
new_debt_cash_oku: 3.835
principal_repaid_oku: 3.835
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2031-06-30
event: holder dividend
company_cash_oku: 1.19103497
old_holder_cash_oku: 1.18200945

内容を開く

日付: 2031-09-15
event: pro rata share repurchase
company_cash_oku: 1.49897231
old_holder_cash_oku: 1.48761329
shares_purchased: 1375033

内容を開く

日付: 2031-12-31
event: share-based award delivered
treasury_decrease: 229842
ordinary_outstanding_increase: 229842

内容を開く

日付: 2031-12-31
event: treasury cancellation (ownership neutral)
cancelled_shares: 1375033
old_holder_cash_oku: 0

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2030-12-31
期間末: 2031-12-31
期間日数: 365
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 6.75720989
change_in_fair_value_of_investment_activities_FVTPL_oku: 68.10807879
general_and_administrative_expenses_including_SBC_oku: -0.71825797
ga_cash_component_oku: -0.40546821
ga_SBC_non_cash_component_oku: -0.31278976
other_income_expenses_net_oku: 0
financial_income_oku: 1.19160173
financial_expenses_oku: -0.8873922
profit_before_taxes_oku: 74.45124024
income_taxes_oku: -0.05324761
profit_after_taxes_oku: 74.39799263
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: 0.14704649
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: 74.86528868
alternative_pre_financing_result_oku: 74.14703071
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2031-12-31
end_inclusive: 2032-12-31
actual_days: 366
year_fraction_ACT_36525: 1.00205338809
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

638.08844066

現金（億）

31.22456931

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

633.11300996

株数

内容を開く

ordinary_issued: 196774866
ordinary_treasury: 5387149
ordinary_outstanding: 191387717
old_holder_remaining_shares: 189709304.90445
old_holder_equivalence_factor: 0.991230304004
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 88.85525388
Christian Louboutin: 10.01495506
Clarivate: 2.24727732
Ferrari: 297.9698604
Institut Merieux: 12.656394
Juventus: 8.09533241
Lingotto LP interests: 77.69745116
New diversified investment 2027: 8.4241536
New diversified investment 2028: 7.52224656
New diversified investment 2029: 6.68236239
New diversified investment 2030: 5.95251783
New diversified investment 2031: 2.74938563
New diversified investment 2032: 2.4550308
Other assets incl bioMerieux: 28.92656342
Philips: 92.86366907
Stellantis: 38.72558355
Tag Holding: 4.35371064
The Economist Group: 6.41581324
Via Transportation: 15.79235927

fair_value_investments_end_oku

718.39992025

company_investment_cash_dividends_oku

7.02331061

dividend_by_investee_oku

内容を開く

CNH: 0.43147568
Christian Louboutin: 0.07191261
Ferrari: 2.51975448
Institut Merieux: 0.13264658
Lingotto LP interests: 0.83058298
Other assets incl bioMerieux: 0.87007385
Philips: 1.66116595
Stellantis: 0.38042115
Tag Holding: 0.02210776
The Economist Group: 0.10316956

market_or_private_revaluations_oku

77.85644879

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

2.4550308

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

77.6979202

estimated_FVTOCI_mark_through_OCI_oku

0.15852859

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

1.2553221

cash_operating_expenses_oku

0.41877645

sbc_expensed_in_parent_ifrs_profit_oku

0.32305612

noncash_equity_compensation_reserve_credit_oku

0.32305612

cash_income_tax_oku

0.05576026

interest_paid_oku

0.88982341

debt_new_borrowings_oku

1.00205339

debt_repaid_oku

1.00205339

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

32.92574402

parent_profit_after_sbc_oku

84.28913667

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

715.12566427

book_equity_rollforward_oku

内容を開く

begin_equity: 633.11300996
net_profit_after_sbc: 84.28913667
sbc_equity_reserve: 0.32305612
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -1.2549877
cash_buybacks: -1.50307938
expected_equity: 715.12566426
difference_oku: 1.0E-8
estimated_FVTOCI_other_comprehensive_income: 0.15852859

profit_before_income_tax_oku

84.34489693

total_Other_Comprehensive_Income_proxy_oku

0.15852859

capital

内容を開く

ordinary_issued: 195504295
ordinary_treasury: 5156677
ordinary_outstanding: 190347618
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 188449876.42586
old_holder_remaining_fraction: 0.990030127017
issuer_shares_repurchased: 1270571
treasury_shares_cancelled: 1270571
sbc_treasury_delivered_shares: 230472
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 1.48989783
old_cohort_dividend_oku: 1.24398184
issuer_cash_dividends_oku: 1.2549877
issuer_buybacks_oku: 1.50307938

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 2.73387967
cohort_share_of_year_end_nav_oku: 707.99595223
remaining_share_equivalence_factor: 0.990030127017

actions

内容を開く

日付: 2032-10-15
event: New asset deployment
cost_oku: 2.4550308
asset_adding_oku: 2.4550308

内容を開く

日付: 2032-11-01
event: matched debt refinancing
new_debt_cash_oku: 1.00205339
principal_repaid_oku: 1.00205339
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2032-06-30
event: holder dividend
company_cash_oku: 1.2549877
old_holder_cash_oku: 1.24398184

内容を開く

日付: 2032-09-15
event: pro rata share repurchase
company_cash_oku: 1.50307938
old_holder_cash_oku: 1.48989783
shares_purchased: 1270571

内容を開く

日付: 2032-12-31
event: share-based award delivered
treasury_decrease: 230472
ordinary_outstanding_increase: 230472

内容を開く

日付: 2032-12-31
event: treasury cancellation (ownership neutral)
cancelled_shares: 1270571
old_holder_cash_oku: 0

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2031-12-31
期間末: 2032-12-31
期間日数: 366
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 7.02331061
change_in_fair_value_of_investment_activities_FVTPL_oku: 77.6979202
general_and_administrative_expenses_including_SBC_oku: -0.74183257
ga_cash_component_oku: -0.41877645
ga_SBC_non_cash_component_oku: -0.32305612
other_income_expenses_net_oku: 0
financial_income_oku: 1.2553221
financial_expenses_oku: -0.88982341
profit_before_taxes_oku: 84.34489693
income_taxes_oku: -0.05576026
profit_after_taxes_oku: 84.28913667
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: 0.15852859
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: 84.72123081
alternative_pre_financing_result_oku: 83.97939824
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2032-12-31
end_inclusive: 2033-12-31
actual_days: 365
year_fraction_ACT_36525: 0.999315537303
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

718.39992025

現金（億）

32.92574402

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

715.12566427

株数

内容を開く

ordinary_issued: 195504295
ordinary_treasury: 5156677
ordinary_outstanding: 190347618
old_holder_remaining_shares: 188449876.42586
old_holder_equivalence_factor: 0.990030127017
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 102.20542939
Christian Louboutin: 11.05906773
Clarivate: 2.42378779
Ferrari: 336.99219055
Institut Merieux: 14.03720584
Juventus: 8.96980762
Lingotto LP interests: 85.23733385
New diversified investment 2027: 9.45704805
New diversified investment 2028: 8.44455723
New diversified investment 2029: 7.50169397
New diversified investment 2030: 6.68236239
New diversified investment 2031: 3.08649073
New diversified investment 2032: 2.75604474
New diversified investment 2033: 2.44832307
Other assets incl bioMerieux: 30.48840423
Philips: 102.83111375
Stellantis: 43.65577959
Tag Holding: 4.80140929
The Economist Group: 6.92775358
Via Transportation: 19.17411344

fair_value_investments_end_oku

809.17991683

company_investment_cash_dividends_oku

7.26153877

dividend_by_investee_oku

内容を開く

CNH: 0.43890273
Christian Louboutin: 0.07315045
Ferrari: 2.65107775
Institut Merieux: 0.13559126
Lingotto LP interests: 0.85316303
Other assets incl bioMerieux: 0.88071204
Philips: 1.70632607
Stellantis: 0.39455702
Tag Holding: 0.02259854
The Economist Group: 0.10545987

market_or_private_revaluations_oku

88.33167351

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

2.44832307

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

88.16163734

estimated_FVTOCI_mark_through_OCI_oku

0.17003617

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

1.31995951

cash_operating_expenses_oku

0.43016122

sbc_expensed_in_parent_ifrs_profit_oku

0.33183866

noncash_equity_compensation_reserve_credit_oku

0.33183866

cash_income_tax_oku

0.05811156

interest_paid_oku

0.8873922

debt_new_borrowings_oku

0.99931554

debt_repaid_oku

0.99931554

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

34.86122395

parent_profit_after_sbc_oku

95.03563198

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

807.84114078

book_equity_rollforward_oku

内容を開く

begin_equity: 715.12566427
net_profit_after_sbc: 95.03563198
sbc_equity_reserve: 0.33183866
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -1.3230575
cash_buybacks: -1.4989728
expected_equity: 807.84114078
difference_oku: 0
estimated_FVTOCI_other_comprehensive_income: 0.17003617

profit_before_income_tax_oku

95.09374354

total_Other_Comprehensive_Income_proxy_oku

0.17003617

capital

内容を開く

ordinary_issued: 194336396
ordinary_treasury: 4926835
ordinary_outstanding: 189409561
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 187293621.23055
old_holder_remaining_fraction: 0.988828759444
issuer_shares_repurchased: 1167899
treasury_shares_cancelled: 1167899
sbc_treasury_delivered_shares: 229842
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 1.48402823
old_cohort_dividend_oku: 1.30986678
issuer_cash_dividends_oku: 1.3230575
issuer_buybacks_oku: 1.4989728

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 2.79389502
cohort_share_of_year_end_nav_oku: 798.81655307
remaining_share_equivalence_factor: 0.988828759444

actions

内容を開く

日付: 2033-10-14
event: New asset deployment
cost_oku: 2.44832307
asset_adding_oku: 2.44832307

内容を開く

日付: 2033-11-01
event: matched debt refinancing
new_debt_cash_oku: 0.99931554
principal_repaid_oku: 0.99931554
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2033-06-30
event: holder dividend
company_cash_oku: 1.3230575
old_holder_cash_oku: 1.30986678

内容を開く

日付: 2033-09-15
event: pro rata share repurchase
company_cash_oku: 1.4989728
old_holder_cash_oku: 1.48402823
shares_purchased: 1167899

内容を開く

日付: 2033-12-31
event: share-based award delivered
treasury_decrease: 229842
ordinary_outstanding_increase: 229842

内容を開く

日付: 2033-12-31
event: treasury cancellation (ownership neutral)
cancelled_shares: 1167899
old_holder_cash_oku: 0

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2032-12-31
期間末: 2033-12-31
期間日数: 365
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 7.26153877
change_in_fair_value_of_investment_activities_FVTPL_oku: 88.16163734
general_and_administrative_expenses_including_SBC_oku: -0.76199988
ga_cash_component_oku: -0.43016122
ga_SBC_non_cash_component_oku: -0.33183866
other_income_expenses_net_oku: 0
financial_income_oku: 1.31995951
financial_expenses_oku: -0.8873922
profit_before_taxes_oku: 95.09374354
income_taxes_oku: -0.05811156
profit_after_taxes_oku: 95.03563198
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: 0.17003617
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: 95.42317611
alternative_pre_financing_result_oku: 94.66117623
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2033-12-31
end_inclusive: 2034-12-31
actual_days: 365
year_fraction_ACT_36525: 0.999315537303
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

809.17991683

現金（億）

34.86122395

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

807.84114078

株数

内容を開く

ordinary_issued: 194336396
ordinary_treasury: 4926835
ordinary_outstanding: 189409561
old_holder_remaining_shares: 187293621.23055
old_holder_equivalence_factor: 0.988828759444
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 117.6185852
Christian Louboutin: 12.21819806
Clarivate: 2.61416212
Ferrari: 381.3262885
Institut Merieux: 15.58006737
Juventus: 9.93874553
Lingotto LP interests: 93.56609598
New diversified investment 2027: 10.6165868
New diversified investment 2028: 9.47995339
New diversified investment 2029: 8.42148467
New diversified investment 2030: 7.50169397
New diversified investment 2031: 3.46492865
New diversified investment 2032: 3.09396633
New diversified investment 2033: 2.74851457
New diversified investment 2034: 2.44832307
Other assets incl bioMerieux: 32.16891587
Philips: 114.00036313
Stellantis: 49.24809343
Tag Holding: 5.29690433
The Economist Group: 7.48632195
Via Transportation: 23.28003181

fair_value_investments_end_oku

912.11822473

company_investment_cash_dividends_oku

7.52995798

dividend_by_investee_oku

内容を開く

CNH: 0.44768078
Christian Louboutin: 0.07461346
Ferrari: 2.79688703
Institut Merieux: 0.13898104
Lingotto LP interests: 0.87875792
Other assets incl bioMerieux: 0.89392272
Philips: 1.75751585
Stellantis: 0.4103393
Tag Holding: 0.02316351
The Economist Group: 0.10809636

market_or_private_revaluations_oku

100.48998483

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

2.44832307

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

100.30702908

estimated_FVTOCI_mark_through_OCI_oku

0.18295575

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

1.39704318

cash_operating_expenses_oku

0.44306606

sbc_expensed_in_parent_ifrs_profit_oku

0.34179382

noncash_equity_compensation_reserve_credit_oku

0.34179382

cash_income_tax_oku

0.06077234

interest_paid_oku

0.8873922

debt_new_borrowings_oku

0.99931554

debt_repaid_oku

0.99931554

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

37.05416871

parent_profit_after_sbc_oku

107.50100582

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

912.97239344

book_equity_rollforward_oku

内容を開く

begin_equity: 807.84114078
net_profit_after_sbc: 107.50100582
sbc_equity_reserve: 0.34179382
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -1.39552954
cash_buybacks: -1.4989732
expected_equity: 912.97239343
difference_oku: 1.0E-8
estimated_FVTOCI_other_comprehensive_income: 0.18295575

profit_before_income_tax_oku

107.56177816

total_Other_Comprehensive_Income_proxy_oku

0.18295575

capital

内容を開く

ordinary_issued: 193259931
ordinary_treasury: 4696993
ordinary_outstanding: 188562938
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 186229181.68002
old_holder_remaining_fraction: 0.987623462252
issuer_shares_repurchased: 1076465
treasury_shares_cancelled: 1076465
sbc_treasury_delivered_shares: 229842
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 1.48222781
old_cohort_dividend_oku: 1.37993975
issuer_cash_dividends_oku: 1.39552954
issuer_buybacks_oku: 1.4989732

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 2.86216755
cohort_share_of_year_end_nav_oku: 901.67295615
remaining_share_equivalence_factor: 0.987623462252

actions

内容を開く

日付: 2034-10-13
event: New asset deployment
cost_oku: 2.44832307
asset_adding_oku: 2.44832307

内容を開く

日付: 2034-11-01
event: matched debt refinancing
new_debt_cash_oku: 0.99931554
principal_repaid_oku: 0.99931554
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2034-06-30
event: holder dividend
company_cash_oku: 1.39552954
old_holder_cash_oku: 1.37993975

内容を開く

日付: 2034-09-15
event: pro rata share repurchase
company_cash_oku: 1.4989732
old_holder_cash_oku: 1.48222781
shares_purchased: 1076465

内容を開く

日付: 2034-12-31
event: share-based award delivered
treasury_decrease: 229842
ordinary_outstanding_increase: 229842

内容を開く

日付: 2034-12-31
event: treasury cancellation (ownership neutral)
cancelled_shares: 1076465
old_holder_cash_oku: 0

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2033-12-31
期間末: 2034-12-31
期間日数: 365
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 7.52995798
change_in_fair_value_of_investment_activities_FVTPL_oku: 100.30702908
general_and_administrative_expenses_including_SBC_oku: -0.78485988
ga_cash_component_oku: -0.44306606
ga_SBC_non_cash_component_oku: -0.34179382
other_income_expenses_net_oku: 0
financial_income_oku: 1.39704318
financial_expenses_oku: -0.8873922
profit_before_taxes_oku: 107.56177816
income_taxes_oku: -0.06077234
profit_after_taxes_oku: 107.50100582
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: 0.18295575
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: 107.83698706
alternative_pre_financing_result_oku: 107.05212718
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2034-12-31
end_inclusive: 2035-12-31
actual_days: 365
year_fraction_ACT_36525: 0.999315537303
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

912.11822473

現金（億）

37.05416871

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

912.97239344

株数

内容を開く

ordinary_issued: 193259931
ordinary_treasury: 4696993
ordinary_outstanding: 188562938
old_holder_remaining_shares: 186229181.68002
old_holder_equivalence_factor: 0.987623462252
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 135.41469111
Christian Louboutin: 13.50514808
Clarivate: 2.81948924
Ferrari: 431.70702689
Institut Merieux: 17.30430957
Juventus: 11.01235019
Lingotto LP interests: 102.76818616
New diversified investment 2027: 11.91829783
New diversified investment 2028: 10.64230059
New diversified investment 2029: 9.45405188
New diversified investment 2030: 8.42148467
New diversified investment 2031: 3.88976724
New diversified investment 2032: 3.47332084
New diversified investment 2033: 3.08551287
New diversified investment 2034: 2.74851457
New diversified investment 2035: 2.44832307
Other assets incl bioMerieux: 33.97792071
Philips: 126.52095881
Stellantis: 55.59293474
Tag Holding: 5.84534473
The Economist Group: 8.09593951
Via Transportation: 28.26518592

fair_value_investments_end_oku

1028.9110592

company_investment_cash_dividends_oku

7.8098993

dividend_by_investee_oku

内容を開く

CNH: 0.4566344
Christian Louboutin: 0.07610573
Ferrari: 2.95071582
Institut Merieux: 0.14245557
Lingotto LP interests: 0.90512066
Other assets incl bioMerieux: 0.90733156
Philips: 1.81024133
Stellantis: 0.42675287
Tag Holding: 0.02374259
The Economist Group: 0.11079877

market_or_private_revaluations_oku

114.34451141

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

2.44832307

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

114.14756673

estimated_FVTOCI_mark_through_OCI_oku

0.19694468

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

1.48353495

cash_operating_expenses_oku

0.45635804

sbc_expensed_in_parent_ifrs_profit_oku

0.35204763

noncash_equity_compensation_reserve_credit_oku

0.35204763

cash_income_tax_oku

0.06359747

interest_paid_oku

0.8873922

debt_new_borrowings_oku

0.99931554

debt_repaid_oku

0.99931554

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

39.5203107

parent_profit_after_sbc_oku

121.68160564

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

1032.2313699

book_equity_rollforward_oku

内容を開く

begin_equity: 912.97239344
net_profit_after_sbc: 121.68160564
sbc_equity_reserve: 0.35204763
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -1.47264931
cash_buybacks: -1.49897218
expected_equity: 1032.2313699
difference_oku: -0
estimated_FVTOCI_other_comprehensive_income: 0.19694468

profit_before_income_tax_oku

121.74520311

total_Other_Comprehensive_Income_proxy_oku

0.19694468

capital

内容を開く

ordinary_issued: 192267521
ordinary_treasury: 4467151
ordinary_outstanding: 187800370
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 185249054.27984
old_holder_remaining_fraction: 0.98641474604
issuer_shares_repurchased: 992410
treasury_shares_cancelled: 992410
sbc_treasury_delivered_shares: 229842
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 1.48042009
old_cohort_dividend_oku: 1.45442301
issuer_cash_dividends_oku: 1.47264931
issuer_buybacks_oku: 1.49897218

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 2.9348431
cohort_share_of_year_end_nav_oku: 1018.2082446
remaining_share_equivalence_factor: 0.98641474604

actions

内容を開く

日付: 2035-10-15
event: New asset deployment
cost_oku: 2.44832307
asset_adding_oku: 2.44832307

内容を開く

日付: 2035-11-01
event: matched debt refinancing
new_debt_cash_oku: 0.99931554
principal_repaid_oku: 0.99931554
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2035-07-02
event: holder dividend
company_cash_oku: 1.47264931
old_holder_cash_oku: 1.45442301

内容を開く

日付: 2035-09-14
event: pro rata share repurchase
company_cash_oku: 1.49897218
old_holder_cash_oku: 1.48042009
shares_purchased: 992410

内容を開く

日付: 2035-12-31
event: share-based award delivered
treasury_decrease: 229842
ordinary_outstanding_increase: 229842

内容を開く

日付: 2035-12-31
event: treasury cancellation (ownership neutral)
cancelled_shares: 992410
old_holder_cash_oku: 0

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2034-12-31
期間末: 2035-12-31
期間日数: 365
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 7.8098993
change_in_fair_value_of_investment_activities_FVTPL_oku: 114.14756673
general_and_administrative_expenses_including_SBC_oku: -0.80840567
ga_cash_component_oku: -0.45635804
ga_SBC_non_cash_component_oku: -0.35204763
other_income_expenses_net_oku: 0
financial_income_oku: 1.48353495
financial_expenses_oku: -0.8873922
profit_before_taxes_oku: 121.74520311
income_taxes_oku: -0.06359747
profit_after_taxes_oku: 121.68160564
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: 0.19694468
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: 121.95746603
alternative_pre_financing_result_oku: 121.14906036
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2035-12-31
end_inclusive: 2036-11-06
actual_days: 311
year_fraction_ACT_36525: 0.851471594798
kind: terminal_stub

opening

内容を開く

portfolio_assets_oku

1028.9110592

現金（億）

39.5203107

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

1032.2313699

株数

内容を開く

ordinary_issued: 192267521
ordinary_treasury: 4467151
ordinary_outstanding: 187800370
old_holder_remaining_shares: 185249054.27984
old_holder_equivalence_factor: 0.98641474604
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 152.7290225
Christian Louboutin: 14.71256698
Clarivate: 3.0071158
Ferrari: 479.99387761
Institut Merieux: 18.9314654
Juventus: 12.01815296
Lingotto LP interests: 111.36007418
New diversified investment 2027: 13.15262282
New diversified investment 2028: 11.74447623
New diversified investment 2029: 10.4331659
New diversified investment 2030: 9.2936603
New diversified investment 2031: 4.2926131
New diversified investment 2032: 3.8330372
New diversified investment 2033: 3.40506569
New diversified investment 2034: 3.03316597
New diversified investment 2035: 2.70188498
New diversified investment 2036: 2.08610541
Other assets incl bioMerieux: 35.62305104
Philips: 138.36367403
Stellantis: 61.66488871
Tag Holding: 6.35848812
The Economist Group: 8.6584321
Via Transportation: 33.34671331

fair_value_investments_end_oku

1140.74332033

company_investment_cash_dividends_oku

6.9032707

dividend_by_investee_oku

内容を開く

CNH: 0.39685908
Christian Louboutin: 0.06614318
Ferrari: 2.65245099
Institut Merieux: 0.12441445
Lingotto LP interests: 0.79434877
Other assets incl bioMerieux: 0.78469265
Philips: 1.58869754
Stellantis: 0.3781615
Tag Holding: 0.02073574
The Economist Group: 0.09676679

market_or_private_revaluations_oku

109.74615572

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

2.08610541

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

109.5670519

estimated_FVTOCI_mark_through_OCI_oku

0.17910382

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

1.32132355

cash_operating_expenses_oku

0.40050732

sbc_expensed_in_parent_ifrs_profit_oku

0.30896279

noncash_equity_compensation_reserve_credit_oku

0.30896279

cash_income_tax_oku

0.05654384

interest_paid_oku

0.75610678

debt_new_borrowings_oku

0.85147159

debt_repaid_oku

0.85147159

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

41.61373969

parent_profit_after_sbc_oku

116.26952542

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

1146.15706002

book_equity_rollforward_oku

内容を開く

begin_equity: 1032.2313699
net_profit_after_sbc: 116.26952542
sbc_equity_reserve: 0.30896279
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -1.55469539
cash_buybacks: -1.27720653
expected_equity: 1146.15706001
difference_oku: 1.0E-8
estimated_FVTOCI_other_comprehensive_income: 0.17910382

profit_before_income_tax_oku

116.32606926

total_Other_Comprehensive_Income_proxy_oku

0.17910382

capital

内容を開く

ordinary_issued: 192267521
ordinary_treasury: 5246190
ordinary_outstanding: 187021331
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 184480598.7225
old_holder_remaining_fraction: 0.98641474604
issuer_shares_repurchased: 779039
treasury_shares_cancelled: 0
sbc_treasury_delivered_shares: 0
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 1.25985536
old_cohort_dividend_oku: 1.53357446
issuer_cash_dividends_oku: 1.55469539
issuer_buybacks_oku: 1.27720653

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 2.79342982
cohort_share_of_year_end_nav_oku: 1130.58622528
remaining_share_equivalence_factor: 0.98641474604

actions

内容を開く

日付: 2036-10-01
event: New asset deployment
cost_oku: 2.08610541
asset_adding_oku: 2.08610541

内容を開く

日付: 2036-10-01
event: matched debt refinancing
new_debt_cash_oku: 0.85147159
principal_repaid_oku: 0.85147159
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2036-06-30
event: holder dividend
company_cash_oku: 1.55469539
old_holder_cash_oku: 1.53357446

内容を開く

日付: 2036-09-15
event: pro rata share repurchase
company_cash_oku: 1.27720653
old_holder_cash_oku: 1.25985536
shares_purchased: 779039

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2035-12-31
期間末: 2036-11-06
期間日数: 311
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 6.9032707
change_in_fair_value_of_investment_activities_FVTPL_oku: 109.5670519
general_and_administrative_expenses_including_SBC_oku: -0.70947011
ga_cash_component_oku: -0.40050732
ga_SBC_non_cash_component_oku: -0.30896279
other_income_expenses_net_oku: 0
financial_income_oku: 1.32132355
financial_expenses_oku: -0.75610678
profit_before_taxes_oku: 116.32606926
income_taxes_oku: -0.05654384
profit_after_taxes_oku: 116.26952542
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: 0.17910382
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: 116.4703226
alternative_pre_financing_result_oku: 115.76085249
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

terminal

内容を開く

日付

2036-11-06

day_count

3653

year_ACT_36525

10.001368925394

investee_fundamental

内容を開く

Ferrari

内容を開く

2036_book_mark_oku: 479.99387761
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 261.19335373
2037_net_owner_FCFE_oku: 10.97012086
cost_of_equity: 0.083
perpetual_growth: 0.041
base_2027_fcfe_oku: 2.9
annual_owner_fcfe_growth: 0.13996
book_to_intrinsic_difference_oku: -218.80052388

Philips

内容を開く

2036_book_mark_oku: 138.36367403
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 111.80172398
2037_net_owner_FCFE_oku: 5.81368965
cost_of_equity: 0.086
perpetual_growth: 0.034
base_2027_fcfe_oku: 1.75
annual_owner_fcfe_growth: 0.1258
book_to_intrinsic_difference_oku: -26.56195005

CNH

内容を開く

2036_book_mark_oku: 152.7290225
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 72.58747104
2037_net_owner_FCFE_oku: 4.5004232
cost_of_equity: 0.096
perpetual_growth: 0.034
base_2027_fcfe_oku: 1.05
annual_owner_fcfe_growth: 0.1553
book_to_intrinsic_difference_oku: -80.14155146

Stellantis

内容を開く

2036_book_mark_oku: 61.66488871
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 66.47047633
2037_net_owner_FCFE_oku: 4.7858743
cost_of_equity: 0.106
perpetual_growth: 0.034
base_2027_fcfe_oku: 1.3
annual_owner_fcfe_growth: 0.1376
book_to_intrinsic_difference_oku: 4.80558762

Juventus

内容を開く

2036_book_mark_oku: 12.01815296
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 6.73034793
2037_net_owner_FCFE_oku: 0.61919201
cost_of_equity: 0.116
perpetual_growth: 0.024
base_2027_fcfe_oku: 0.22
annual_owner_fcfe_growth: 0.1081
book_to_intrinsic_difference_oku: -5.28780503

Via Transportation

内容を開く

2036_book_mark_oku: 33.34671331
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 8.22201723
2037_net_owner_FCFE_oku: 0.63309533
cost_of_equity: 0.116
perpetual_growth: 0.039
base_2027_fcfe_oku: 0.09
annual_owner_fcfe_growth: 0.2143
book_to_intrinsic_difference_oku: -25.12469608

Clarivate

内容を開く

2036_book_mark_oku: 3.0071158
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 3.3365265
2037_net_owner_FCFE_oku: 0.32364307
cost_of_equity: 0.121
perpetual_growth: 0.024
base_2027_fcfe_oku: 0.15
annual_owner_fcfe_growth: 0.0786
book_to_intrinsic_difference_oku: 0.3294107

Institut Merieux

内容を開く

2036_book_mark_oku: 18.9314654
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 22.12449442
2037_net_owner_FCFE_oku: 1.32746967
cost_of_equity: 0.096
perpetual_growth: 0.036
base_2027_fcfe_oku: 0.42
annual_owner_fcfe_growth: 0.1199
book_to_intrinsic_difference_oku: 3.19302902

Christian Louboutin

内容を開く

2036_book_mark_oku: 14.71256698
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 12.62690075
2037_net_owner_FCFE_oku: 0.90913685
cost_of_equity: 0.106
perpetual_growth: 0.034
base_2027_fcfe_oku: 0.31
annual_owner_fcfe_growth: 0.11164
book_to_intrinsic_difference_oku: -2.08566623

The Economist Group

内容を開く

2036_book_mark_oku: 8.6584321
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 12.32565881
2037_net_owner_FCFE_oku: 0.73953953
cost_of_equity: 0.091
perpetual_growth: 0.031
base_2027_fcfe_oku: 0.29
annual_owner_fcfe_growth: 0.0963
book_to_intrinsic_difference_oku: 3.66722671

Tag Holding

内容を開く

2036_book_mark_oku: 6.35848812
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 5.92082203
2037_net_owner_FCFE_oku: 0.42629919
cost_of_equity: 0.106
perpetual_growth: 0.034
base_2027_fcfe_oku: 0.15
annual_owner_fcfe_growth: 0.1081
book_to_intrinsic_difference_oku: -0.43766609

Lingotto LP interests

内容を開く

2036_book_mark_oku: 111.36007418
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 136.63435448
2037_net_owner_FCFE_oku: 7.10498643
cost_of_equity: 0.086
perpetual_growth: 0.034
base_2027_fcfe_oku: 2.5
annual_owner_fcfe_growth: 0.1081
book_to_intrinsic_difference_oku: 25.2742803

Other assets incl bioMerieux

内容を開く

2036_book_mark_oku: 35.62305104
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 44.95439371
2037_net_owner_FCFE_oku: 2.8770812
cost_of_equity: 0.091
perpetual_growth: 0.027
base_2027_fcfe_oku: 1.26
annual_owner_fcfe_growth: 0.0845
book_to_intrinsic_difference_oku: 9.33134267

New diversified investment 2027

内容を開く

2036_book_mark_oku: 13.15262282
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2027-10-15
new_investment_cost_oku: 4.72176591
2037_net_owner_FCFE_oku: 0.70843479
cost_of_equity: 0.105
perpetual_growth: 0.024
value_oku: 8.74610852
book_to_intrinsic_difference_oku: -4.4065143

New diversified investment 2028

内容を開く

2036_book_mark_oku: 11.74447623
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2028-10-13
new_investment_cost_oku: 4.73470226
2037_net_owner_FCFE_oku: 0.67310805
cost_of_equity: 0.105
perpetual_growth: 0.024
value_oku: 8.3099759
book_to_intrinsic_difference_oku: -3.43450033

New diversified investment 2029

内容を開く

2036_book_mark_oku: 10.4331659
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2029-10-15
new_investment_cost_oku: 4.72176591
2037_net_owner_FCFE_oku: 0.63614657
cost_of_equity: 0.105
perpetual_growth: 0.024
value_oku: 7.8536613
book_to_intrinsic_difference_oku: -2.5795046

New diversified investment 2030

内容を開く

2036_book_mark_oku: 9.2936603
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2030-10-15
new_investment_cost_oku: 4.72176591
2037_net_owner_FCFE_oku: 0.60286186
cost_of_equity: 0.105
perpetual_growth: 0.024
value_oku: 7.44273906
book_to_intrinsic_difference_oku: -1.85092124

New diversified investment 2031

内容を開く

2036_book_mark_oku: 4.2926131
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2031-10-15
new_investment_cost_oku: 2.44832307
2037_net_owner_FCFE_oku: 0.29623933
cost_of_equity: 0.105
perpetual_growth: 0.024
value_oku: 3.65727562
book_to_intrinsic_difference_oku: -0.63533749

New diversified investment 2032

内容を開く

2036_book_mark_oku: 3.8330372
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2032-10-15
new_investment_cost_oku: 2.4550308
2037_net_owner_FCFE_oku: 0.28146708
cost_of_equity: 0.105
perpetual_growth: 0.024
value_oku: 3.47490225
book_to_intrinsic_difference_oku: -0.35813495

New diversified investment 2033

内容を開く

2036_book_mark_oku: 3.40506569
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2033-10-14
new_investment_cost_oku: 2.44832307
2037_net_owner_FCFE_oku: 0.26601126
cost_of_equity: 0.105
perpetual_growth: 0.024
value_oku: 3.2840896
book_to_intrinsic_difference_oku: -0.12097609

New diversified investment 2034

内容を開く

2036_book_mark_oku: 3.03316597
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2034-10-13
new_investment_cost_oku: 2.44832307
2037_net_owner_FCFE_oku: 0.25209292
cost_of_equity: 0.105
perpetual_growth: 0.024
value_oku: 3.11225822
book_to_intrinsic_difference_oku: 0.07909224

New diversified investment 2035

内容を開く

2036_book_mark_oku: 2.70188498
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2035-10-15
new_investment_cost_oku: 2.44832307
2037_net_owner_FCFE_oku: 0.23890281
cost_of_equity: 0.105
perpetual_growth: 0.024
value_oku: 2.94941746
book_to_intrinsic_difference_oku: 0.24753249

New diversified investment 2036

内容を開く

2036_book_mark_oku: 2.08610541
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2036-10-15
new_investment_cost_oku: 2.08610541
2037_net_owner_FCFE_oku: 0.19287923
cost_of_equity: 0.105
perpetual_growth: 0.024
value_oku: 2.38122511
book_to_intrinsic_difference_oku: 0.2951197

holdco_fundamental_bridge_oku

内容を開く

investee_fundamental_value: 816.14019398
cash: 41.61373969
gross_holdco_debt: -35.52
other_liabilities: -0.68
overhead_cash_cost_perpetuity_reserve: -7.94232549
sbc_market_price_share_neutralization_cash_perpetuity_reserve: -16.45695196
2037_cash_opex_oku: 0.48448185
2037_equivalent_awards_per_year: 230000
2037_share_neutralization_assumed_intrinsic_market_price_eur: 436.46698674
SBC_neutralization_equity_feedback_coefficient: 0.020644616237
2037_award_share_neutralization_cost_oku: 1.00387407
sustainable_holdco_cost_of_equity: 0.085
sustainable_growth: 0.024
whole_company_net_equity_value_oku: 797.15465622
old_holder_equivalence_factor: 0.98641474604
old_holder_remaining_equity_value_oku: 786.32510777
2036_11_06_intrinsic_equity_price_per_outstanding_eur: 426.23729173
2037_company_cash_share_buyback_oku: 1.00387407
2037_old_cohort_pro_rata_tender_cash_oku: 0.99023619
2037_old_cohort_stock_remaining_after_tender_share_equivalents: 184253723.33091
2037_old_cohort_stock_value_after_anniversary_oku: 804.20667417
2037_award_shares_against_market_buyback: 230000
2037_headline_PnL_SBC_expense_versus_capital_credit: 2037 IFRS annual SBC accrual is unverified and noncash; if equity settled, P&L SBC expense and equity capital credit cancel in book NAV. Market repurchase uses cash and compensates selling shareholders; employee delivery transfers ownership; neither is a new old-holder cash outflow.
2037_cashflow_cutoff_status: post_2036-11-06; demonstration excluded from 10y timed_cashflows
2037_market_price_first_event_grown_one_year_before_buyback: はい
whole_company_pre_future_SBC_value_oku: 813.61160818
valuation_formula: V0 = A0 / (1+(awards/outstanding)*(1+terminal_growth)/(cost_of_equity-terminal_growth)); first 2037 cash buyback = awards * (V0/outstanding)*(1+terminal_growth); present value = B1/(k-g).

book_nav_2036_11_06_oku

1146.15706002

book_NAV_not_identical_to_fundamental_equity_market_value

はい

remaining_issued_shares

192267521

remaining_treasury_shares

5246190

remaining_outstanding_shares

187021331

old_holder_remaining_shares_equivalent

184480598.7225

old_holder_fraction

0.98641474604

post_2036_11_06_stock_neutralization_holder_cohort_audit

内容を開く

状態

hypothetical_terminal_economic_reconciliation_NOT_company_guidance

settlement_date_policy

2037-11-06 and next model anniversaries strictly for mathematical audit; award vesting dates in 2036-12/2037-12 are not confirmed. Real execution timing must be rechecked.

first_event_after_horizon_date

2037-11-06

note_first_dec_2036_RSU_or_awards

A possible 2036-12-31 vesting is outside the 10-year cutoff. Calendar and amount not identifiable by cutoff; normalized tail assumes one yearly q-share compensation from 2037 onwards, with no second 2036 partial-year charge.

original_2036_total_company_book_NAV_oku

1146.15706002

oldcohort_fraction_at_terminal

0.98641474604

2036_11_06_intrinsic_oldcohort_value_oku

786.32510777

post_2036_future_employee_shares_per_year

230000

share_count_neutralization

market buyback q ordinary shares, old cohort tenders proportionally; q treasury shares delivered free to employees, N unchanged; H falls by tendered shares

explicit_2037_to_2046_anniversary_events

内容を開く

year_from_terminal: 1
assumed_settlement_date: 2037-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 49.6303081
company_distribution_to_shareholders_owner_equivalent_oku: 48.62643403
company_share_neutralization_buyback_oku: 1.00387407
company_shares_repurchased: 230000
employee_treasury_shares_delivered: 230000
end_company_shares_outstanding: 187021331
buyback_execution_intrinsic_share_price_eur: 436.46698674
old_holder_shares_before: 184480598.7225
old_holder_shares_pro_rata_tendered: 226875.391589
old_holder_tender_cash_received_oku: 0.99023619
old_holder_owner_equivalent_dividend_oku: 47.96583157
old_holder_shares_remaining_after_delivery: 184253723.33091
old_holder_fraction_after_delivery: 0.98520164703
old_holder_equity_value_at_start_of_year_oku: 786.32510777
old_holder_equity_remaining_after_delivery_oku: 804.20667417
year_end_holder_cash_plus_stock_oku: 853.16274193
required_return_on_old_holder_starting_value_oku: 853.16274193
cash_stock_return_check_difference_oku: 0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 2
assumed_settlement_date: 2038-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 50.82143549
company_distribution_to_shareholders_owner_equivalent_oku: 49.79346845
company_share_neutralization_buyback_oku: 1.02796705
company_shares_repurchased: 230000
employee_treasury_shares_delivered: 230000
end_company_shares_outstanding: 187021331
buyback_execution_intrinsic_share_price_eur: 446.94219442
old_holder_shares_before: 184253723.33091
old_holder_shares_pro_rata_tendered: 226596.378817
old_holder_tender_cash_received_oku: 1.01275483
old_holder_owner_equivalent_dividend_oku: 49.05660712
old_holder_shares_remaining_after_delivery: 184027126.9521
old_holder_fraction_after_delivery: 0.983990039896
old_holder_equity_value_at_start_of_year_oku: 804.20667417
old_holder_equity_remaining_after_delivery_oku: 822.49487952
year_end_holder_cash_plus_stock_oku: 872.56424148
required_return_on_old_holder_starting_value_oku: 872.56424148
cash_stock_return_check_difference_oku: -0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 3
assumed_settlement_date: 2039-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 52.04114995
company_distribution_to_shareholders_owner_equivalent_oku: 50.98851169
company_share_neutralization_buyback_oku: 1.05263826
company_shares_repurchased: 230000
employee_treasury_shares_delivered: 230000
end_company_shares_outstanding: 187021331
buyback_execution_intrinsic_share_price_eur: 457.66880708
old_holder_shares_before: 184027126.9521
old_holder_shares_pro_rata_tendered: 226317.709176
old_holder_tender_cash_received_oku: 1.03578556
old_holder_owner_equivalent_dividend_oku: 50.17218765
old_holder_shares_remaining_after_delivery: 183800809.24292
old_holder_fraction_after_delivery: 0.982779922804
old_holder_equity_value_at_start_of_year_oku: 822.49487952
old_holder_equity_remaining_after_delivery_oku: 841.19897107
year_end_holder_cash_plus_stock_oku: 892.40694428
required_return_on_old_holder_starting_value_oku: 892.40694428
cash_stock_return_check_difference_oku: -0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 4
assumed_settlement_date: 2040-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 53.29013754
company_distribution_to_shareholders_owner_equivalent_oku: 52.21223597
company_share_neutralization_buyback_oku: 1.07790157
company_shares_repurchased: 230000
employee_treasury_shares_delivered: 230000
end_company_shares_outstanding: 187021331
buyback_execution_intrinsic_share_price_eur: 468.65285845
old_holder_shares_before: 183800809.24292
old_holder_shares_pro_rata_tendered: 226039.382245
old_holder_tender_cash_received_oku: 1.05934003
old_holder_owner_equivalent_dividend_oku: 51.31313724
old_holder_shares_remaining_after_delivery: 183574769.86068
old_holder_fraction_after_delivery: 0.981571293922
old_holder_equity_value_at_start_of_year_oku: 841.19897107
old_holder_equity_remaining_after_delivery_oku: 860.32840635
year_end_holder_cash_plus_stock_oku: 912.70088361
required_return_on_old_holder_starting_value_oku: 912.70088361
cash_stock_return_check_difference_oku: 0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 5
assumed_settlement_date: 2041-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 54.56910084
company_distribution_to_shareholders_owner_equivalent_oku: 53.46532963
company_share_neutralization_buyback_oku: 1.10377121
company_shares_repurchased: 230000
employee_treasury_shares_delivered: 230000
end_company_shares_outstanding: 187021331
buyback_execution_intrinsic_share_price_eur: 479.90052706
old_holder_shares_before: 183574769.86068
old_holder_shares_pro_rata_tendered: 225761.397602
old_holder_tender_cash_received_oku: 1.08343014
old_holder_owner_equivalent_dividend_oku: 52.48003279
old_holder_shares_remaining_after_delivery: 183349008.46307
old_holder_fraction_after_delivery: 0.980364151419
old_holder_equity_value_at_start_of_year_oku: 860.32840635
old_holder_equity_remaining_after_delivery_oku: 879.89285797
year_end_holder_cash_plus_stock_oku: 933.45632089
required_return_on_old_holder_starting_value_oku: 933.45632089
cash_stock_return_check_difference_oku: -0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 6
assumed_settlement_date: 2042-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 55.87875927
company_distribution_to_shareholders_owner_equivalent_oku: 54.74849754
company_share_neutralization_buyback_oku: 1.13026172
company_shares_repurchased: 230000
employee_treasury_shares_delivered: 230000
end_company_shares_outstanding: 187021331
buyback_execution_intrinsic_share_price_eur: 491.41813971
old_holder_shares_before: 183349008.46307
old_holder_shares_pro_rata_tendered: 225483.754826
old_holder_tender_cash_received_oku: 1.10806807
old_holder_owner_equivalent_dividend_oku: 53.67346434
old_holder_shares_remaining_after_delivery: 183123524.70825
old_holder_fraction_after_delivery: 0.979158493467
old_holder_equity_value_at_start_of_year_oku: 879.89285797
old_holder_equity_remaining_after_delivery_oku: 899.90221849
year_end_holder_cash_plus_stock_oku: 954.6837509
required_return_on_old_holder_starting_value_oku: 954.6837509
cash_stock_return_check_difference_oku: 0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 7
assumed_settlement_date: 2043-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 57.21984949
company_distribution_to_shareholders_owner_equivalent_oku: 56.06246148
company_share_neutralization_buyback_oku: 1.157388
company_shares_repurchased: 230000
employee_treasury_shares_delivered: 230000
end_company_shares_outstanding: 187021331
buyback_execution_intrinsic_share_price_eur: 503.21217506
old_holder_shares_before: 183123524.70825
old_holder_shares_pro_rata_tendered: 225206.453498
old_holder_tender_cash_received_oku: 1.13326629
old_holder_owner_equivalent_dividend_oku: 54.89403533
old_holder_shares_remaining_after_delivery: 182898318.25475
old_holder_fraction_after_delivery: 0.977954318242
old_holder_equity_value_at_start_of_year_oku: 899.90221849
old_holder_equity_remaining_after_delivery_oku: 920.36660544
year_end_holder_cash_plus_stock_oku: 976.39390706
required_return_on_old_holder_starting_value_oku: 976.39390706
cash_stock_return_check_difference_oku: 0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 8
assumed_settlement_date: 2044-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 58.59312588
company_distribution_to_shareholders_owner_equivalent_oku: 57.40796056
company_share_neutralization_buyback_oku: 1.18516531
company_shares_repurchased: 230000
employee_treasury_shares_delivered: 230000
end_company_shares_outstanding: 187021331
buyback_execution_intrinsic_share_price_eur: 515.28926726
old_holder_shares_before: 182898318.25475
old_holder_shares_pro_rata_tendered: 224929.493196
old_holder_tender_cash_received_oku: 1.15903754
old_holder_owner_equivalent_dividend_oku: 56.14236293
old_holder_shares_remaining_after_delivery: 182673388.76155
old_holder_fraction_after_delivery: 0.976751623918
old_holder_equity_value_at_start_of_year_oku: 920.36660544
old_holder_equity_remaining_after_delivery_oku: 941.29636643
year_end_holder_cash_plus_stock_oku: 998.5977669
required_return_on_old_holder_starting_value_oku: 998.5977669
cash_stock_return_check_difference_oku: 0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 9
assumed_settlement_date: 2045-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 59.9993609
company_distribution_to_shareholders_owner_equivalent_oku: 58.78575161
company_share_neutralization_buyback_oku: 1.21360928
company_shares_repurchased: 230000
employee_treasury_shares_delivered: 230000
end_company_shares_outstanding: 187021331
buyback_execution_intrinsic_share_price_eur: 527.65620968
old_holder_shares_before: 182673388.76155
old_holder_shares_pro_rata_tendered: 224652.873501
old_holder_tender_cash_received_oku: 1.18539484
old_holder_owner_equivalent_dividend_oku: 57.41907835
old_holder_shares_remaining_after_delivery: 182448735.88805
old_holder_fraction_after_delivery: 0.975550408675
old_holder_equity_value_at_start_of_year_oku: 941.29636643
old_holder_equity_remaining_after_delivery_oku: 962.70208439
year_end_holder_cash_plus_stock_oku: 1021.30655758
required_return_on_old_holder_starting_value_oku: 1021.30655758
cash_stock_return_check_difference_oku: 0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 10
assumed_settlement_date: 2046-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 61.43934556
company_distribution_to_shareholders_owner_equivalent_oku: 60.19660965
company_share_neutralization_buyback_oku: 1.24273591
company_shares_repurchased: 230000
employee_treasury_shares_delivered: 230000
end_company_shares_outstanding: 187021331
buyback_execution_intrinsic_share_price_eur: 540.31995871
old_holder_shares_before: 182448735.88805
old_holder_shares_pro_rata_tendered: 224376.593995
old_holder_tender_cash_received_oku: 1.21235152
old_holder_owner_equivalent_dividend_oku: 58.72482715
old_holder_shares_remaining_after_delivery: 182224359.29406
old_holder_fraction_after_delivery: 0.974350670695
old_holder_equity_value_at_start_of_year_oku: 962.70208439
old_holder_equity_remaining_after_delivery_oku: 984.59458289
year_end_holder_cash_plus_stock_oku: 1044.53176156
required_return_on_old_holder_starting_value_oku: 1044.53176156
cash_stock_return_check_difference_oku: 0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

ten_year_tail_PV_holder_cash_oku

350.85328403

ten_year_tail_PV_holder_residual_stock_oku

435.47182374

ten_year_tail_PV_total_oku

786.32510777

infinite_tail_PV_analytic_oku

786.32510777

cohort_valuation_identity_difference_oku

finite_10year_plus_remaining_cohort_identity_difference_oku

-0

derived_equivalent_cash_distribution_not_Exor_actual_ex_dates

はい

convention

Illustrative annual pre-bonus owner FCFE = (k-g)*A_{t-1}; Exor ordinary cash owner-equivalent = (k-g)*E_{t-1}, share replacement buyback B_t=(q/N)*E_t. This economic cash equivalent need not equal Exor actual ordinary dividend; eventual monetizations are needed to distribute all underlying FCFE.

SBC_double_count_rule

2026-2036 IFRS SBC expense and equity credit already present in reported/forecast book equity; no second charge against 2036 balance or terminal portfolio stakes. Post-cutoff reserve alone covers future q-share compensation; buyback cash received in 2037+ is inside the tail identity and is NOT appended to 10y payout or to 2036 residual value.

economic_payout_identity

h_(t-1)*(D_t+B_t)+h_t*E_t=(1+k)*h_(t-1)*E_(t-1); h_t=h_(t-1)*(1-q/N), E_t=E_(t-1)*(1+g), B_t=(q/N)*E_t, D_t=(k-g)*E_(t-1).

discount_identity

sum_{t=1}^infinity old_holder_cash_t/(1+k)^t = h0*E0, assuming q/N and g stay fixed and k>g.

not_additional_timed_cashflows

はい

キャッシュフローの算出方法

timed_holder_cashflows_v1

期間内株主受取

29.03332908

終価

786.32510777

pv_cashflow_oku_at_coc_k

19.16123035

pv_terminal_oku_at_coc_k

317.25391958

pv_oku_at_coc_k

336.41514993

npv_oku_at_coc_k

189.20811072

irr

0.194104269117

equity_value_oku_per_start_share_at_coc

167.62820161

all_ledger_reconciliation_passed

はい

売上高

未確認

営業利益

未確認

純利益

116.26952542

equity_oku

1146.15706002

期間内の親会社利益合計（億）

826.80990535

multiple

kind

sum_of_parts_dcf

why

各投資先の持続株主CFを評価し持株会社の費用・負債・将来SBC補填を調整。

detail

内容を開く

investee_fundamental_value: 816.14019398
cash: 41.61373969
gross_holdco_debt: -35.52
other_liabilities: -0.68
overhead_cash_cost_perpetuity_reserve: -7.94232549
sbc_market_price_share_neutralization_cash_perpetuity_reserve: -16.45695196
2037_cash_opex_oku: 0.48448185
2037_equivalent_awards_per_year: 230000
2037_share_neutralization_assumed_intrinsic_market_price_eur: 436.46698674
SBC_neutralization_equity_feedback_coefficient: 0.020644616237
2037_award_share_neutralization_cost_oku: 1.00387407
sustainable_holdco_cost_of_equity: 0.085
sustainable_growth: 0.024
whole_company_net_equity_value_oku: 797.15465622
old_holder_equivalence_factor: 0.98641474604
old_holder_remaining_equity_value_oku: 786.32510777
2036_11_06_intrinsic_equity_price_per_outstanding_eur: 426.23729173
2037_company_cash_share_buyback_oku: 1.00387407
2037_old_cohort_pro_rata_tender_cash_oku: 0.99023619
2037_old_cohort_stock_remaining_after_tender_share_equivalents: 184253723.33091
2037_old_cohort_stock_value_after_anniversary_oku: 804.20667417
2037_award_shares_against_market_buyback: 230000
2037_headline_PnL_SBC_expense_versus_capital_credit: 2037 IFRS annual SBC accrual is unverified and noncash; if equity settled, P&L SBC expense and equity capital credit cancel in book NAV. Market repurchase uses cash and compensates selling shareholders; employee delivery transfers ownership; neither is a new old-holder cash outflow.
2037_cashflow_cutoff_status: post_2036-11-06; demonstration excluded from 10y timed_cashflows
2037_market_price_first_event_grown_one_year_before_buyback: はい
whole_company_pre_future_SBC_value_oku: 813.61160818
valuation_formula: V0 = A0 / (1+(awards/outstanding)*(1+terminal_growth)/(cost_of_equity-terminal_growth)); first 2037 cash buyback = awards * (V0/outstanding)*(1+terminal_growth); present value = B1/(k-g).

やや強気（確率 20.0%）

growth_shift: 0.025
growth_scale: 1.08
r_shift: -0.004
tg_shift: 0.004
invest_div_mult: 1.12
div_growth: 0.043
buyback_after2027: 1.25
buyback_initial: 3.57
new_invest_annual: 3
new_invest_return: 0.083
market_trade_growth: 0.06
cash_interest: 0.03
debt_rate: 0.027
税率: 1.00%
sell_welltec: 2027-03-31
welltec_sale_mult: 1.04
cash_dvd_base: 0.49
sbc_shares_annual: 250000
sbc_expense_annual: 0.28
equity_issuance_2030_oku: 0
terminal_coc: 0.09
holdco_terminal_g: 0.022

確率の根拠

投資先の成長・持株会社の資金配分・事業リスクについての分析上の確率仮定。

このシナリオの数値・キャッシュフローを開く →

中立（確率 40.0%）

growth_shift: 0
growth_scale: 1
r_shift: 0
tg_shift: 0
invest_div_mult: 1
div_growth: 0.027
buyback_after2027: 1
buyback_initial: 3.57
new_invest_annual: 2.5
new_invest_return: 0.075
market_trade_growth: 0.038
cash_interest: 0.025
debt_rate: 0.028
税率: 1.30%
sell_welltec: 2027-03-31
welltec_sale_mult: 1
cash_dvd_base: 0.49
sbc_shares_annual: 275000
sbc_expense_annual: 0.28
equity_issuance_2030_oku: 0
terminal_coc: 0.095
holdco_terminal_g: 0.02

確率の根拠

投資先の成長・持株会社の資金配分・事業リスクについての分析上の確率仮定。

このシナリオの数値・キャッシュフローを開く →

やや弱気（確率 20.0%）

growth_shift: -0.032
growth_scale: 0.88
r_shift: 0.008
tg_shift: -0.006
invest_div_mult: 0.79
div_growth: 0.006
buyback_after2027: 0.5
buyback_initial: 2.1
new_invest_annual: 1.25
new_invest_return: 0.065
market_trade_growth: 0
cash_interest: 0.02
debt_rate: 0.037
税率: 1.70%
sell_welltec: 2028-09-29
welltec_sale_mult: 0.92
cash_dvd_base: 0.39
sbc_shares_annual: 330000
sbc_expense_annual: 0.34
equity_issuance_2030_oku: 3
terminal_coc: 0.106
holdco_terminal_g: 0.016

確率の根拠

投資先の成長・持株会社の資金配分・事業リスクについての分析上の確率仮定。

このシナリオの数値・キャッシュフローを開く →

弱気（確率 8.0%）

growth_shift: -0.09
growth_scale: 0.75
r_shift: 0.02
tg_shift: -0.013
invest_div_mult: 0.49
div_growth: -0.025
buyback_after2027: 0
buyback_initial: 1.07
new_invest_annual: 0.5
new_invest_return: 0.035
market_trade_growth: -0.035
cash_interest: 0.015
debt_rate: 0.046
税率: 2.50%
sell_welltec: 未確認
welltec_sale_mult: 未確認
cash_dvd_base: 0.24
sbc_shares_annual: 400000
sbc_expense_annual: 0.43
equity_issuance_2030_oku: 10
terminal_coc: 0.125
holdco_terminal_g: 0.009

確率の根拠

投資先の成長・持株会社の資金配分・事業リスクについての分析上の確率仮定。

このシナリオの数値・キャッシュフローを開く →

金額の単位

億EUR (EUR 100 million)

分析基準とデータ

価格・単価

73.35

株価基準日

2026-11-06

株数

200691260

株価の出所

https://markets.ft.markitdigital.com/data/equities/tearsheet/historical?s=EXO%3AAEX

株数の出所

https://exor.com/system/files/2026/document-documents/Exor%20Press%20Release%20-%20W45-26%20Buyback.pdf

detail

内容を開く

価格・単価

内容を開く

値: 73.35
currency: EUR
市場: Euronext Amsterdam
日付: 2026-11-06
price_type: closing_price
状態: market_quote_verified_secondary
source_id: quote_exor

株数

内容を開く

issued_ordinary: 207779752
special_voting_shares_no_ordinary_economics: 117997914
treasury_ordinary: 7088492
effective_outstanding: 200691260
weighted_average_2026_1h_thousand: 202403
share_date: 2026-11-02_weekly_update_covers_trades_through_2026-10-30
share_date_status: last_published_proxy_not_exact_2026_11_06
unverified_nov_2_to_nov_6_buybacks: cannot quantify with Nov6 cutoff; not assumed executed from future announcements
shares_method: 207,779,752 - 7,088,492 = 200,691,260; special voting shares excluded

entry_initial_cohort_mcap_oku

147.20703921

reference_ifrs

内容を開く

ifrs_parent_profit: -11.22
nav_parent_equity: 320.09
total_assets_gav: 357.68
sbc_ifrs_expense: 0.14
sbc_equity_reserve_credit: 0.14
reported_note_debt: 35.07
gross_debt: 36.91
holder_shares_jun30: 202735001
出典: exor_h1

parent_NAV_proxy_asof_oku

343.27135658

parent_NAV_proxy_per_outstanding_share_eur

171.04449719

parent_NAV_proxy_method

Mark public investments to Nov6 shares × closing price / ECB FX. Exor June private/other/Lingotto stale proxy. Adjust July divestment, FX payable, buyback, Iveco offer receivable; parent NAV is estimated, not verified Nov6 IFRS.

starting_asset_values_oku

内容を開く

CNH: 37.99092274
Christian Louboutin: 5.5
Clarivate: 1.41038987
Ferrari: 141.1979597
Institut Merieux: 6.8
Iveco settlement receivable: 10.56752352
Juventus: 4.30216888
Lingotto LP interests: 44.49
Other assets incl bioMerieux: 21.31
Philips: 50.81540254
Stellantis: 18.0662857
Tag Holding: 2.4
The Economist Group: 4.06
Via Transportation: 4.77070364
Welltec: 4.73

starting_cash_oku

21.06

starting_iveco_tender_receivable_oku

10.56752352

starting_holdco_notes_oku

35.07

starting_financial_liabilities_oku

0.45

starting_gross_holdco_debt_oku

35.52

starting_other_liabilities_oku

0.68

baseline_rollforward_events

内容を開く

日付: 2026-06-30
item: Published latest IFRS parent NAV
net_asset_value_oku: 320.09
状態: verified
出典: exor_h1

内容を開く

日付: 2026-07-01
item: €139m FX liability settled in cash: no NAV change
delta_cash_oku: -1.39
delta_financial_liability_oku: -1.39
delta_nav_oku: 0
状態: inferred timing from H1 subsequent note; cash and liability both assumed settled

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日付: 2026-07
item: Lifenet stake sold: remove H1 €209m investment, receive amount equal carrying value
delta_private_assets_oku: -2.09
delta_cash_oku: 2.09
delta_nav_oku: 0
状態: transaction verified; exact proceeds vs carrying unconfirmed therefore no assumed capital gain
出典: exor_h1_release

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日付: 2026-09-23_to_2026-10-30
item: First €125m buyback + €18m executed second tranche
delta_cash_oku: -1.43
delta_treasury_shares: 2043741
implied_difference_vs_gross_shares_bought: -6375
delta_nav_oku: -1.43
状態: two tranches verified, net treasury move has 6375 other delivery or movements unverified; bridge uses released ending number
出典: buyback

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日付: 2026-10-30_to_2026-11-13
item: Iveco offer EUR14.40 per share; basis assumes receivable, NOT both receivable and cash
delta_iveco_shares: -73385580
delta_tender_receivable_oku: 10.56752352
delta_june_book_iveco_oku: -10.21
delta_valuation_oku: 0.35752352
状態: conditional Exor own acceptance/settlement timing not confirmed; total tender settlement completed initial 2026-10-30 and alternative 2026-11-13
出典: iveco_tender

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日付: 2026-11-06
item: Seven major listed stakes repriced to Nov6 spot; private values, Lingotto and other assets stale June30
delta_listed_mark_oku: 24.25383306
状態: market_quote_from_secondary_and_stock_counts_from_exor; no postcutoff company reporting
出典: exor_h1

known_pre_cutoff_dividend_not_forward_CF

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ex_date: 2026-05-25
payment_date: 2026-05-27
per_share_eur: 0.49
source_id: exor_agm
included_in_forward_timed_cashflows: いいえ

sensitivity_to_june_stale_illiquid_marks

illustrative_other_Lingotto_private_marks_down_15pct_NAV_change_oku: -13.3935
not_an_observed_market_price: はい

market_to_proxy_NAV_discount

0.571164222

fundamental_exit_not_based_on_discount_convergence

はい

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分析に使用した資料

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