Professional
Added to YB: 2024-04-11
Pitch date: 2024-04-09
FIH-U.TO [bullish]
Fairfax India Holdings Corporation
+10.81%
current return
Author Info
No bio for this author
Company Info
Fairfax India Holdings Corporation, together with its subsidiaries, operates as an investment holding company in India.
Market Cap
$2.2B
Pitch Price
$14.89
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
5.42
EV/Sales
4.49
Sector
Capital Markets
Category
value
East 72 Dynasty Trust New Portfolio Holding: Fairfax India Holdings Corporation
FIH-U.TO: Specialist holding co w/ $3.82B assets, $500M debt. $1.6B stake in BIAL airport - 64% ownership implying $2.5B equity value. BIAL expanding to 90M pax capacity by 2037. Regulated aero revs to jump in FY25. Strong non-aero rev growth expected. Trading at 27% discount to NAV, implies entry EV/EBITDA of 10.2x based on FY26e. Reasonable vs global peers. IPO potential post FY27 tariff decision.
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