Professional
Added to YB: 2024-08-05
Pitch date: 2024-04-21
FIH-U.TO [bullish]
Fairfax India Holdings Corporation
+15.4%
current return
Author Info
Tidefall Capital is a concentrated, unconstrained investment fund manager that attempts to compound its capital at an attractive rate of return by focusing exclusively on our best ideas. We employ a value based investment framework where we focus on buying securities that we believe are trading for less than their intrinsic value and sell when this discount has closed. Visit their website.
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
$14.81
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
64.82
EV/Sales
14.85
Sector
Capital Markets
Category
value
Tidefall Capital Portfolio Holding: Fairfax India Holdings Corporation
FIH-U.TO: Fairfax India's 64% BIAL stake undervalued at $1.5B (9.5x FCF). BIAL: Air India hub, pax to 90M in <10yrs. Sydney comp: $17B sale (49x earnings). FFH: Float/share $1525, $2.15B interest income. Conservative bonds = recession optionality. FFH at 1x '24 BV, 6.7x P/E. Portfolio 15% earnings yield vs S&P500 4%.
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