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Fairfax India Holdings

OTCPK:FFXD.F
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FFXD.F
OTCPK
$2B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Fairfax India Holdings Corporation, an investment holding company, engages in investment activities in India. The last earnings update was 45 days ago. More info.


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FFXD.F Share Price and Events
7 Day Returns
0.4%
OTCPK:FFXD.F
0.1%
US Capital Markets
-0.3%
US Market
1 Year Returns
-16.3%
OTCPK:FFXD.F
-7.4%
US Capital Markets
7%
US Market
FFXD.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fairfax India Holdings (FFXD.F) 0.4% 0.5% 6.8% -16.3% 26% -
US Capital Markets 0.1% 5.6% 3.5% -7.4% 53.5% 71.2%
US Market -0.3% 2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • FFXD.F underperformed the Capital Markets industry which returned -7.4% over the past year.
  • FFXD.F underperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
FFXD.F
Industry
5yr Volatility vs Market

FFXD.F Value

 Is Fairfax India Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fairfax India Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fairfax India Holdings.

OTCPK:FFXD.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $13.08 * 6.3%
$0.83
Book Value of Equity per Share Median Book Value from the past 5 years. $13.08
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:FFXD.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.727 (1 + (1- 26.5%) (25.44%))
0.908
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.908 * 5.96%)
8.14%

Discounted Cash Flow Calculation for OTCPK:FFXD.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for Fairfax India Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:FFXD.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.3% – 8.14%) * $13.08)
$-0.24
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.24 / (8.14% - 2.73%)
$-4.40
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $13.08 + $-4.40
$8.67
OTCPK:FFXD.F Discount to Share Price
Calculation Result
Value per share (USD) From above. $8.67
Current discount Discount to share price of $14.09
= -1 x ($14.09 - $8.67) / $8.67
-62.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Fairfax India Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fairfax India Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fairfax India Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:FFXD.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.63
OTCPK:FFXD.F Share Price ** OTCPK (2019-04-18) in USD $14.09
United States of America Capital Markets Industry PE Ratio Median Figure of 87 Publicly-Listed Capital Markets Companies 30.77x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fairfax India Holdings.

OTCPK:FFXD.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:FFXD.F Share Price ÷ EPS (both in USD)

= 14.09 ÷ 0.63

22.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fairfax India Holdings is good value based on earnings compared to the US Capital Markets industry average.
  • Fairfax India Holdings is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Fairfax India Holdings's expected growth come at a high price?
Raw Data
OTCPK:FFXD.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
35.3%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 2.67x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Fairfax India Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Fairfax India Holdings's assets?
Raw Data
OTCPK:FFXD.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $13.86
OTCPK:FFXD.F Share Price * OTCPK (2019-04-18) in USD $14.09
United States of America Capital Markets Industry PB Ratio Median Figure of 170 Publicly-Listed Capital Markets Companies 7.11x
United States of America Market PB Ratio Median Figure of 5,184 Publicly-Listed Companies 1.91x
OTCPK:FFXD.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:FFXD.F Share Price ÷ Book Value per Share (both in USD)

= 14.09 ÷ 13.86

1.02x

* Primary Listing of Fairfax India Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fairfax India Holdings is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Fairfax India Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Fairfax India Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FFXD.F Future Performance

 How is Fairfax India Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Fairfax India Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
35.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fairfax India Holdings expected to grow at an attractive rate?
  • Fairfax India Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Fairfax India Holdings's earnings growth is expected to exceed the United States of America market average.
  • Fairfax India Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:FFXD.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:FFXD.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 35.3%
OTCPK:FFXD.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 37.6%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:FFXD.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:FFXD.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 525 1
2019-12-31 563 1
OTCPK:FFXD.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 201 -93 96
2018-09-30 282 -142 141
2018-06-30 79 -425 -6
2018-03-31 454 -394 332
2017-12-31 624 -797 453
2017-09-30 514 -783 367
2017-06-30 651 -511 486
2017-03-31 344 -754 256
2016-12-31 135 -43 108
2016-09-30 153 -45 126
2016-06-30 102 72 78
2016-03-31 71 261 38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fairfax India Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Fairfax India Holdings's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:FFXD.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Fairfax India Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FFXD.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
OTCPK:FFXD.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.63
2018-09-30 0.93
2018-06-30 -0.04
2018-03-31 2.25
2017-12-31 3.10
2017-09-30 2.70
2017-06-30 3.88
2017-03-31 2.22
2016-12-31 1.01
2016-09-30 1.18
2016-06-30 0.73
2016-03-31 0.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Fairfax India Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Fairfax India Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fairfax India Holdings has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FFXD.F Past Performance

  How has Fairfax India Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fairfax India Holdings's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Fairfax India Holdings's year on year earnings growth rate was positive over the past 5 years.
  • Fairfax India Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Fairfax India Holdings's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Fairfax India Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fairfax India Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FFXD.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 201.37 96.43 37.99
2018-09-30 281.76 141.42 65.29
2018-06-30 78.54 -5.91 38.57
2018-03-31 453.79 332.33 102.38
2017-12-31 623.95 452.51 143.92
2017-09-30 514.04 366.87 111.42
2017-06-30 650.78 486.42 133.57
2017-03-31 344.07 256.09 64.47
2016-12-31 135.34 107.83 17.49
2016-09-30 152.61 126.19 15.78
2016-06-30 102.33 78.11 14.84
2016-03-31 70.90 37.67 13.36
2015-12-31 58.68 40.94 10.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Fairfax India Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fairfax India Holdings used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Fairfax India Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fairfax India Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fairfax India Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FFXD.F Health

 How is Fairfax India Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fairfax India Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fairfax India Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Fairfax India Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fairfax India Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fairfax India Holdings Company Filings, last reported 3 months ago.

OTCPK:FFXD.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,117.95 547.23 21.24
2018-09-30 2,014.38 545.84 30.21
2018-06-30 2,056.21 544.46 141.21
2018-03-31 2,229.67 400.00 26.42
2017-12-31 2,132.46 400.00 40.73
2017-09-30 1,996.66 400.00 38.78
2017-06-30 2,075.59 0.00 31.28
2017-03-31 1,796.69 0.00 37.20
2016-12-31 1,075.45 223.77 174.39
2016-09-30 1,114.79 222.40 196.39
2016-06-30 1,033.16 0.00 104.09
2016-03-31 1,015.17 0.00 336.86
2015-12-31 1,013.33 0.00 62.61
  • Fairfax India Holdings's level of debt (25.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Fairfax India Holdings's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess Fairfax India Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fairfax India Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FFXD.F Dividends

 What is Fairfax India Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Fairfax India Holdings dividends.
If you bought $2,000 of Fairfax India Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Fairfax India Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fairfax India Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:FFXD.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:FFXD.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Fairfax India Holdings has not reported any payouts.
  • Unable to verify if Fairfax India Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Fairfax India Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Fairfax India Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Fairfax India Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fairfax India Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fairfax India Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FFXD.F Management

 What is the CEO of Fairfax India Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chandran Ratnaswami
COMPENSATION $3,165,520
AGE 69
CEO Bio

Mr. Chandran Ponnaiah Ratnaswami, B.E. (Civil), MBA, serves as Managing Director of Hamblin Watsa Investment Counsel Ltd. At Hamblin Watsa, Mr. Ratnaswami is responsible for portfolio investments in Asia. Mr. Ratnaswami serves as the Chief Executive Officer and Director of Fairfax India Holdings Corporation. He has 26 years of experience in the field of investment management. He joined Hamblin Watsa in 1994 as Director of International Investments. He was the Owner and President of an industrial distribution company and a senior executive at a large multinational consumer packaged food company. He serves as Vice Chairman of Thai Reinsurance Public Company Limited since August 31, 2017. Mr. Ratnaswami has been a Non-Executive Director of Thomas Cook India Limited since August 22, 2012. He has been an Additional Director at Kempegowda International Airport Limited since March 2017. He has been a Director of Fairfax India Holdings Corporation since 2015. He has been a Director of ZoomerMedia Ltd since October 26, 2010. He has been a Director of Thai Reinsurance Public Company Limited since February 2012. He has been a Director of Ridley Inc. since December 2008. He served as a Non-Executive Director at ICICI Lombard General Insurance Company Limited until July 2, 2017. He has been Non-Executive Director at IIFL Holdings Limited since May 15, 2012. He served as a Director of MS First Capital Insurance Ltd.(formerly, First Capital Insurance Limited). He serves as a Director of Fairbridge Capital in India. He serves as Independent Director at Zoomermedia Limited. He has been a Non-Executive Director at Quess Corp Limited since January 18, 2016. Mr. Ratnaswami serves as the Chairman of Lansing United Church in Toronto, Canada. Mr. Ratnsaswami serves on the board of directors National Collateral Management Services Private Limited, Sanmar Engineering Services Limited, Bangalore International Airport Limited. He also serves as a director of a number of insurance and non-insurance companies in India and abroad. He holds a B.Tech in Civil Engineering from Indian Institute of Technology, Madras, India and a Masters degree in Business Administration from the Rotman School of Management, University of Toronto, Canada.

CEO Compensation
  • Chandran's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Chandran's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Fairfax India Holdings management team in years:

2.7
Average Tenure
54.5
Average Age
  • The tenure for the Fairfax India Holdings management team is about average.
Management Team

Chandran Ratnaswami

TITLE
CEO & Director
COMPENSATION
$3M
AGE
69

Jennifer Allen

TITLE
Chief Financial Officer
COMPENSATION
$882K
AGE
48
TENURE
2.7 yrs

Amy Tan

TITLE
CEO of FIH Mauritius Investments Ltd & FIH Private Investments Ltd
COMPENSATION
$252K
AGE
43

John Varnell

TITLE
Vice President of Corporate Affairs
COMPENSATION
$552K
AGE
61
TENURE
2.7 yrs

V. Watsa

TITLE
Founder & Chairman
AGE
68

Keir Hunt

TITLE
General Counsel & Corporate Secretary
AGE
37
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the Fairfax India Holdings board of directors in years:

4.3
Average Tenure
66
Average Age
  • The tenure for the Fairfax India Holdings board of directors is about average.
Board of Directors

Chandran Ratnaswami

TITLE
CEO & Director
COMPENSATION
$3M
AGE
69
TENURE
4.3 yrs

V. Watsa

TITLE
Founder & Chairman
AGE
68
TENURE
4.3 yrs

Tony Griffiths

TITLE
Lead Director
COMPENSATION
$30K
AGE
87

Alan Horn

TITLE
Independent Director
COMPENSATION
$30K
AGE
66
TENURE
4.3 yrs

Chris Hodgson

TITLE
Independent Director
COMPENSATION
$30K
AGE
56
TENURE
4.3 yrs

Deepak Parekh

TITLE
Independent Director
COMPENSATION
$80K
AGE
74
TENURE
4.3 yrs

Sumit Maheshwari

TITLE
Director
AGE
36
TENURE
0.7 yrs

Lauren Templeton

TITLE
Independent Director
COMPENSATION
$113K
AGE
41
TENURE
0.7 yrs

Gopalakrishnan Soundarajan

TITLE
Director
AGE
55
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
31. Mar 19 Buy David Bonham Individual 27. Sep 18 27. Sep 18 500 $14.86 $7,430
17. Dec 18 Sell The Bradstreet Family Foundation,Endowment Arm Company 13. Dec 18 13. Dec 18 -14,000 $13.73 $-192,220
17. Dec 18 Buy Brian Bradstreet Individual 13. Dec 18 13. Dec 18 14,000 $13.73 $192,220
03. Oct 18 Buy David Bonham Individual 27. Sep 18 27. Sep 18 500 $14.86 $7,430
21. Sep 18 Buy Brian Bradstreet Individual 18. Sep 18 18. Sep 18 28,500 $14.98 $426,663
X
Management checks
We assess Fairfax India Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fairfax India Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FFXD.F News

Simply Wall St News

FFXD.F Company Info

Description

Fairfax India Holdings Corporation, an investment holding company, engages in investment activities in India. The company invests in public and private equity securities and debt instruments in India and Indian businesses, or other businesses with customers, suppliers, or business primarily conducted in, or dependent on, India. It also offers grain procurement, testing, storage, and collateral management solutions. The company was founded in 2014 and is headquartered in Toronto, Canada. Fairfax India Holdings Corporation is a subsidiary of Fairfax Financial Holdings Limited.

Details
Name: Fairfax India Holdings Corporation
FFXD.F
Exchange: OTCPK
Founded: 2014
$2,150,806,514
152,631,481
Website: http://www.fairfaxindia.ca
Address: Fairfax India Holdings Corporation
95 Wellington Street West,
Suite 800,
Toronto,
Ontario, M5J 2N7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK FFXD.F Subordinate Voting Shares Pink Sheets LLC US USD 12. Mar 2015
TSX FIH.U Subordinate Voting Shares The Toronto Stock Exchange CA USD 12. Mar 2015
BMV FIHU N Subordinate Voting Shares Bolsa Mexicana de Valores MX MXN 12. Mar 2015
Number of employees
Current staff
Staff numbers
12
Fairfax India Holdings employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 00:33
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/01
Last earnings filing: 2019/03/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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