Added to YB: 2026-03-12
Pitch date: 2026-01-09
FFH.TO [bullish]
Fairfax Financial Holdings Limited
-13.86%
current return
Author Info
No bio for this author
Company Info
Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.
Market Cap
CAD 35.4B
Pitch Price
CAD 2.6K
Price Target
3.2K (+42%)
Dividend
0.91%
EV/EBITDA
6.23
P/E
7.73
EV/Sales
1.24
Sector
Insurance
Category
value
Fairfax Financial Holdings Limited - $FFH.TO
FFH.TO: Global insurer using float to finance diversified portfolio, strong India relationships. 67% premiums from post-2009 acquisitions bought at 1.7x premium, improved to 0.76x via UW discipline (107% to 91% CR). 5yr trailing ROE 15.9% vs 4.5% in 2017. 39% unlevered RoIIC, 27% incremental ROIC. CEO owns 6.7%, mgmt 9%. Trading 9x EPS vs 15x peers despite 7% EPS growth. PT C$3,225 (88% upside, 25% 5yr IRR). Risk: slower M&A/organic growth.
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