Financials Fairfax Financial Holdings Limited

Equities

FFH

CA3039011026

Property & Casualty Insurance

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
1,486 CAD -0.02% Intraday chart for Fairfax Financial Holdings Limited -1.82% +21.57%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,581 9,242 13,058 15,039 21,681 24,776 - -
Enterprise Value (EV) 1 12,581 9,242 13,058 15,039 21,681 24,776 24,776 24,776
P/E ratio 6.72 x 54.2 x 4.03 x 13.6 x 5.32 x 7.58 x 7.3 x 9.46 x
Yield 2.13% 2.94% 2.03% 1.69% - 1.23% 1.26% 1.04%
Capitalization / Revenue 0.58 x 0.47 x 0.49 x 0.54 x - 0.75 x 0.71 x 0.68 x
EV / Revenue 0.58 x 0.47 x 0.49 x 0.54 x - 0.75 x 0.71 x 0.68 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.96 x 0.71 x 0.78 x 0.9 x - 1.03 x 0.91 x 1.05 x
Nbr of stocks (in thousands) 26,820 27,134 26,534 25,425 23,512 22,821 - -
Reference price 2 469.1 340.6 492.1 591.5 922.1 1,086 1,086 1,086
Announcement Date 2/13/20 2/11/21 2/10/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 21,533 19,795 26,468 28,050 - 33,058 34,738 36,174
EBITDA - - - - - - - -
EBIT 1 1,108 915.8 1,567 2,573 3,938 3,866 4,034 -
Operating Margin 5.14% 4.63% 5.92% 9.17% - 11.69% 11.61% -
Earnings before Tax (EBT) 1 2,233 244.1 4,393 1,712 5,908 4,622 4,643 3,357
Net income 1 2,004 218.4 3,357 1,102 4,382 3,488 3,420 2,709
Net margin 9.31% 1.1% 12.68% 3.93% - 10.55% 9.85% 7.49%
EPS 2 69.79 6.290 122.2 43.49 173.2 143.2 148.8 114.7
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 10.00 10.00 10.00 10.00 - 13.41 13.65 11.34
Announcement Date 2/13/20 2/11/21 2/10/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 6,710 6,928 5,983 5,502 6,845 9,720 - - - - - - - - -
EBITDA - - - - - - - - - - - - - - -
EBIT 1 244.7 625.8 562.4 645.3 425.1 940.1 843 913.5 967.2 1,215 1,080 896 831 1,032 -
Operating Margin 3.65% 9.03% 9.4% 11.73% 6.21% 9.67% - - - - - - - - -
Earnings before Tax (EBT) 1 698.7 1,144 248.8 -1,003 -73.7 2,540 1,769 944.6 1,491 1,703 1,376 1,303 1,083 1,213 -
Net income 1 462.4 920.3 114.3 -881.4 -75.1 - 1,238 734.4 1,069 1,328 1,047 1,014 795 887.5 -
Net margin 6.89% 13.28% 1.91% -16.02% -1.1% - - - - - - - - - -
EPS 2 16.44 33.64 4.490 -37.59 -3.650 78.33 49.38 28.80 42.26 52.87 40.55 40.09 33.10 38.26 47.08
Dividend per Share 2 - 10.00 10.00 - - - 10.00 - - - 15.00 - - - -
Announcement Date 11/4/21 2/10/22 4/28/22 7/28/22 11/3/22 2/16/23 5/11/23 8/3/23 11/2/23 2/15/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 14.6% 1.55% 22.5% 6.67% - 14.6% 13.7% 10.6%
ROA (Net income/ Total Assets) 2.97% 0.3% 4.23% 1.23% - 2.9% 2.8% 2.6%
Assets 1 67,440 72,282 79,298 89,385 - 120,264 122,143 104,192
Book Value Per Share 2 486.0 478.0 631.0 658.0 - 1,052 1,198 1,032
Cash Flow per Share - - - - - - - -
Capex - 273 354 - - - - -
Capex / Sales - 1.38% 1.34% - - - - -
Announcement Date 2/13/20 2/11/21 2/10/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
1,086 USD
Average target price
1,280 USD
Spread / Average Target
+17.94%
Consensus
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