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FFXD

Fairfax India Holdings OTCPK:FFXD.F Stock Report

Last Price

US$11.05

Market Cap

US$1.5b

7D

0.3%

1Y

-24.5%

Updated

11 Aug, 2022

Data

Company Financials +
FFXD.F fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends0/6

FFXD.F Stock Overview

Fairfax India Holdings Corporation, an investment holding company, engages in the investment activities in India.

Fairfax India Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Fairfax India Holdings
Historical stock prices
Current Share PriceUS$11.05
52 Week HighUS$15.00
52 Week LowUS$9.94
Beta1.01
1 Month Change0.57%
3 Month Change-0.87%
1 Year Change-24.50%
3 Year Change-6.33%
5 Year Change-35.36%
Change since IPO0.90%

Recent News & Updates

Shareholder Returns

FFXD.FUS Capital MarketsUS Market
7D0.3%2.8%1.3%
1Y-24.5%-15.4%-11.7%

Return vs Industry: FFXD.F underperformed the US Capital Markets industry which returned -16% over the past year.

Return vs Market: FFXD.F underperformed the US Market which returned -11.6% over the past year.

Price Volatility

Is FFXD.F's price volatile compared to industry and market?
FFXD.F volatility
FFXD.F Average Weekly Movement4.3%
Capital Markets Industry Average Movement0.5%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: FFXD.F is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FFXD.F's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20149Chandran Ratnaswamihttps://www.fairfaxindia.ca

Fairfax India Holdings Corporation, an investment holding company, engages in the investment activities in India. It 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. The company was incorporated in 2014 and is headquartered in Toronto, Canada.

Fairfax India Holdings Fundamentals Summary

How do Fairfax India Holdings's earnings and revenue compare to its market cap?
FFXD.F fundamental statistics
Market CapUS$1.54b
Earnings (TTM)US$446.00k
Revenue (TTM)US$37.16m

3,454x

P/E Ratio

41.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FFXD.F income statement (TTM)
RevenueUS$37.16m
Cost of RevenueUS$0
Gross ProfitUS$37.16m
Other ExpensesUS$36.71m
EarningsUS$446.00k

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.0032
Gross Margin100.00%
Net Profit Margin1.20%
Debt/Equity Ratio18.5%

How did FFXD.F perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FFXD.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FFXD.F?

Other financial metrics that can be useful for relative valuation.

FFXD.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue56.2x
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does FFXD.F's PB Ratio compare to its peers?

FFXD.F PB Ratio vs Peers
The above table shows the PB ratio for FFXD.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.3x
AMK AssetMark Financial Holdings
1.4x16.9%US$1.5b
VRTS Virtus Investment Partners
2xn/aUS$1.6b
VCTR Victory Capital Holdings
1.9x30.2%US$2.0b
PX P10
3.7x63.4%US$1.4b
FFXD.F Fairfax India Holdings
0.6xn/aUS$1.5b

Price-To-Book vs Peers: FFXD.F is good value based on its Price-To-Book Ratio (0.6x) compared to the peer average (2.3x).


Price to Earnings Ratio vs Industry

How does FFXD.F's PE Ratio compare vs other companies in the US Capital Markets Industry?

Price-To-Book vs Industry: FFXD.F is expensive based on its Price-To-Book Ratio (0.6x) compared to the US Capital Markets industry average (-20.7x)


Price to Book Ratio vs Fair Ratio

What is FFXD.F's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FFXD.F PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.6x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate FFXD.F's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of FFXD.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FFXD.F ($11.05) is trading below our estimate of fair value ($54.36)

Significantly Below Fair Value: FFXD.F is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-14.1%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if FFXD.F's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if FFXD.F's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if FFXD.F's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FFXD.F's revenue is expected to decline over the next 3 years (-14.1% per year).

High Growth Revenue: FFXD.F's revenue is forecast to decline over the next 3 years (-14.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FFXD.F's Return on Equity is forecast to be high in 3 years time


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Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FFXD.F has high quality earnings.

Growing Profit Margin: FFXD.F's current net profit margins (1.2%) are lower than last year (75%).


Past Earnings Growth Analysis

Earnings Trend: FFXD.F's earnings have grown by 8% per year over the past 5 years.

Accelerating Growth: FFXD.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FFXD.F had negative earnings growth (-99.9%) over the past year, making it difficult to compare to the Capital Markets industry average (53.6%).


Return on Equity

High ROE: FFXD.F's Return on Equity (0.02%) is considered low.


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Financial Health

How is Fairfax India Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FFXD.F's short term assets ($95.4M) exceed its short term liabilities ($50.3M).

Long Term Liabilities: FFXD.F's short term assets ($95.4M) do not cover its long term liabilities ($566.0M).


Debt to Equity History and Analysis

Debt Level: FFXD.F's net debt to equity ratio (15.9%) is considered satisfactory.

Reducing Debt: FFXD.F's debt to equity ratio has increased from 0.2% to 18.5% over the past 5 years.

Debt Coverage: FFXD.F's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: FFXD.F's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FFXD.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent 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 recent payouts.


Stability and Growth of Payments

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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FFXD.F has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.0yrs

Average management tenure


CEO

Chandran Ratnaswami (73 yo)

no data

Tenure

US$2,185,550

Compensation

Mr. Chandran Ponnaiah Ratnaswami, B.E. (Civil), MBA, is Nominee Director at National Commodities Management Services Limited. He is Non-Executive Director at Chemplast Sanmar Limited since April 26, 2021....


CEO Compensation Analysis

Compensation vs Market: Chandran's total compensation ($USD2.19M) is below average for companies of similar size in the US market ($USD5.44M).

Compensation vs Earnings: Chandran's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: FFXD.F's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: FFXD.F's board of directors are considered experienced (7.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: FFXD.F insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Fairfax India Holdings Corporation's 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
  • Implied Market Cap: US$1.538b
  • Shares outstanding: 139.15m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.