Professional
Added to YB: 2024-04-11
Pitch date: 2024-04-09
FIH-U.TO [bullish]
Fairfax India Holdings Corporation
+14.44%
current return
Author Info
No bio for this author
Company Info
Fairfax India Holdings Corporation operates as an investment holding company 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 and dependent in India.
Market Cap
$2.2B
Pitch Price
$14.89
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
64.82
EV/Sales
14.85
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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