Added to YB: 2024-04-16
Pitch date: 2024-04-15
FFH.TO [bullish]
Fairfax Financial Holdings Limited
+69.89%
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 the United States, Canada, the Middle East, Asia, and internationally.
Market Cap
CAD 36.4B
Pitch Price
CAD 1.4K
Price Target
2.0K (-18%)
Dividend
0.92%
EV/EBITDA
5.95
P/E
7.91
EV/Sales
1.20
Sector
Insurance
Category
value
$FFH.TO's Ongoing Buybacks Signal Confidence in Undervaluation
FFH.TO: $4B+ operating income outlook reiterated at AGM. $2B 'locked in' from interest/dividends for next 4yrs. Insurance markets softening but discipline & diversification to drive mid-single digit growth. Poseidon & Eurobank well-positioned for attractive growth. Buybacks ongoing given undervaluation. $2,000 PT based on 1.3x Q4'24E BVPS + 1x AOCI.
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