Fairfax India Holdings
Market Cap
US$1.7b
Last Updated
2019/10/20 00:24 UTC
Data Sources
Company Financials +
Executive Summary
Fairfax India Holdings Corporation, an investment holding company, engages in investment activities in India.
Snowflake
Fundamentals
High growth potential and overvalued.
Share Price & News
How has Fairfax India Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.7%
FFXD.F
1.7%
US Capital Markets
0.4%
US Market
1 Year Return
-12.0%
FFXD.F
2.4%
US Capital Markets
6.9%
US Market
Return vs Industry: FFXD.F underperformed the US Capital Markets industry which returned 2.4% over the past year.
Return vs Market: FFXD.F underperformed the US Market which returned 6.9% over the past year.
Shareholder returns
| FFXD.F | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.7% | 1.7% | 0.4% |
| 30 Day | -6.0% | -3.1% | -1.1% |
| 90 Day | -13.1% | -2.3% | -0.5% |
| 1 Year | -12.0%-12.0% | 4.7%2.4% | 9.3%6.9% |
| 3 Year | 1.5%1.5% | 51.1%42.6% | 45.8%36.4% |
| 5 Year | n/a | 75.7%59.6% | 62.9%45.1% |
Price Volatility Vs. Market
How volatile is Fairfax India Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Financially Sounds Stocks Selling At A Discount1 year ago | Simply Wall St
Financially Sounds Stocks Selling At A Discount1 year ago | Simply Wall St
Best Cheap Stocks To Buy NowValuation
Is Fairfax India Holdings undervalued compared to its fair value and its price relative to the market?
59.73x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: FFXD.F ($11.37) is trading above our estimate of fair value ($8.54)
Significantly Undervalued: FFXD.F is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FFXD.F is poor value based on its PE Ratio (59.7x) compared to the Capital Markets industry average (39.4x).
PE vs Market: FFXD.F is poor value based on its PE Ratio (59.7x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate FFXD.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FFXD.F is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.5x).
Next Steps
Future Growth
How is Fairfax India Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
37.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FFXD.F's forecast earnings growth (37% per year) is above the savings rate (2.7%).
Earnings vs Market: FFXD.F's earnings (37% per year) are forecast to grow faster than the US market (14.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FFXD.F's revenue (44.4% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: FFXD.F's revenue (44.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if FFXD.F's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Fairfax India Holdings performed over the past 5 years?
-2.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: FFXD.F's earnings have declined by -2.4% per year over the past 5 years.
Accelerating Growth: FFXD.F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FFXD.F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (31.1%).
Return on Equity
High ROE: FFXD.F's Return on Equity (1.4%) is considered low.
Return on Assets
ROA vs Industry: FFXD.F has a higher Return on Assets than the Capital Markets industry average last year.
Return on Capital Employed
ROCE Improving: FFXD.F's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Fairfax India Holdings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: FFXD.F has a low level of unsold assets or inventory.
Debt Coverage by Assets: FFXD.F's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: FFXD.F's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if FFXD.F has a sufficient allowance for bad loans.
Low Risk Liabilities: FFXD.F reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if FFXD.F has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FFXD.F has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if FFXD.F has an appropriate level of bad loans.
Next Steps
Dividend
What is Fairfax India Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate FFXD.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FFXD.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if FFXD.F's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FFXD.F's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FFXD.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Fairfax India Holdings's salary, the management and board of directors tenure and is there insider trading?
3.2yrs
Average management tenure
CEO
Chandran Ratnaswami (70yo)
0yrs
Tenure
US$3,165,520
Compensation
Mr. Chandran Ponnaiah Ratnaswami, B.E. (Civil), MBA, serves as Managing Director of Hamblin Watsa Investment Counsel Ltd. At Hamblin Watsa, Mr. Ratnaswami is responsible for portfolio investments in Asia. ...
CEO Compensation Analysis
Compensation vs. Market: Chandran's total compensation ($USD3.17M) is about average for companies of similar size in the US market ($USD4.00M).
Compensation vs Earnings: Chandran's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.2yrs
Average Tenure
62yo
Average Age
Experienced Management: FFXD.F's management team is considered experienced (3.2 years average tenure).
Board Age and Tenure
4.8yrs
Average Tenure
67yo
Average Age
Experienced Board: FFXD.F's board of directors are considered experienced (4.8 years average tenure).
Insider Trading
Insider Buying: FFXD.F insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 2,250 |
| Max Price | US$11.76 |
| Entity | Individual |
| Shares | 5,500 |
| Max Price | US$12.14 |
| Entity | Company |
| Shares | 20,000 |
| Max Price | US$9.87 |
| Entity | Company |
| Shares | 14,000 |
| Max Price | US$13.73 |
| Entity | Individual |
| Shares | 14,000 |
| Max Price | US$13.73 |
Ownership Breakdown
Management Team
V. Watsa (69yo)
Founder & Chairman
- Tenure: 4.8yrs
John Varnell (62yo)
Vice President of Corporate Affairs
- Tenure: 3.2yrs
- Compensation: US$551.59k
Chandran Ratnaswami (70yo)
CEO & Director
- Tenure: 0yrs
- Compensation: US$3.17m
Amy Tan (44yo)
CEO of FIH Mauritius Investments Ltd & FIH Private Investments Ltd
- Tenure: 0yrs
- Compensation: US$251.83k
Keir Hunt (38yo)
General Counsel & Corporate Secretary
- Tenure: 3.2yrs
Amy Sherk
Chief Financial Officer
- Tenure: 0.2yrs
Board Members
Alan Horn (67yo)
Independent Director
- Tenure: 4.8yrs
- Compensation: US$30.00k
Deepak Parekh (75yo)
Independent Director
- Tenure: 4.8yrs
- Compensation: US$80.00k
Tony Griffiths (88yo)
Lead Director
- Tenure: 0yrs
- Compensation: US$30.00k
V. Watsa (69yo)
Founder & Chairman
- Tenure: 4.8yrs
Chris Hodgson (57yo)
Independent Director
- Tenure: 4.8yrs
- Compensation: US$30.00k
Chandran Ratnaswami (70yo)
CEO & Director
- Tenure: 0yrs
- Compensation: US$3.17m
Lauren Templeton (42yo)
Independent Director
- Tenure: 1.2yrs
- Compensation: US$112.50k
Sumit Maheshwari (37yo)
Director
- Tenure: 1.2yrs
Gopalakrishnan Soundarajan (56yo)
Director
- Tenure: 0.6yrs
Company Information
Fairfax India Holdings Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Fairfax India Holdings Corporation
- Ticker: FFXD.F
- Exchange: OTCPK
- Founded: 2014
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$1.730b
- Shares outstanding: 152.15m
- Website: https://www.fairfaxindia.ca
Number of Employees
Location
- Fairfax India Holdings Corporation
- 95 Wellington Street West
- Suite 800
- Toronto
- Ontario
- M5J 2N7
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FIH.U | TSX (The Toronto Stock Exchange) | Yes | Subordinate Voting Shares | CA | USD | Mar 2015 |
| FFXD.F | OTCPK (Pink Sheets LLC) | Yes | Subordinate Voting Shares | US | USD | Mar 2015 |
| FIHU N | BMV (Bolsa Mexicana de Valores) | Yes | Subordinate Voting Shares | MX | MXN | Mar 2015 |
Biography
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 I ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/20 00:24 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.