Fairfax: Buying the Indian Government's Stake in IDBI Bank
Fairfax announced it has been selected to acquire the Indian government's 61% stake in IDBI Bank for USD 5.6 billion.
Fairfax Financial Holdings Ltd Shs Subord.Vtg FFH
Bulls Say, Bears Say
Bulls
Fairfax's large gains during the financial crisis highlight the massive returns that Watsa's unorthodox investing style is capable of generating.
Bears
Fairfax will post poor results and could destroy significant value if the company's investment views don't pan out.
News
-
Fairfax Declared “Strategic Buyer” in Auction to Acquire Interest in IDBI Bank; Plans to Contribute Digit Insurance and IIFL Capital to IDBI Bank
-
Fairfax Financial Buying Majority Stake in India's IDBI Bank
-
Canada's Westons in $8.9 Billion Deal to Buy British Pharmacy Chain Boots — Update
-
Wittington Investments in $8.9 Billion Deal to Buy British Pharmacy Chain Boots
-
Fairfax Partners With Wittington Investments in Acquisition of Boots
-
Fairfax Partners with Wittington Investments in Acquisition of The Boots Group
-
Intention to Make a Normal Course Issuer Bid for Subordinate Voting Shares and Preferred Shares
-
Fairfax Announces Quarterly Dividend On Series K Preferred Shares
Trading Information
- Previous Close Price
- CA$2,455.83
- Day Range
- CA$2,420.00–2,493.35
- 52-Week Range
- CA$2,066.16–2,700.00
- Bid/Ask
- CA$2,309.26 / CA$2,500.00
- Shares Outstanding
- 22.37M
- Market Cap
- CA$55.69B
- Volume/Avg
- 72,251 / 53,283
Key Statistics
- Price/Earnings (Normalized)
- 8.82
- Price/Sales
- 1.36
- Dividend Yield (Trailing)
- 0.83%
- Dividend Yield (Forward)
- 0.83%
- Dividend Payment Schedule
- Jan
- Total Yield
- 8.67%
Company Profile
Fairfax Financial Holdings provides reinsurance and property and casualty insurance in Canada, the United States, and other international markets. The company also has some noninsurance operations such as restaurants. Fairfax has been led by Prem Watsa, its chair and CEO, since its formation in 1985.
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Stock Style Box
- Large Value
- Total Number of Employees
- 57,050
- Website
- https://www.fairfax.ca
Competitors
Valuation
|
Metric
|
FFH
|
MKL
|
WRB
|
|---|---|---|---|
Price/Earnings (Normalized) | 8.82 | 17.56 | 15.49 |
Price/Book Value | 1.44 | 1.22 | 2.87 |
Price/Sales | 1.36 | 1.41 | 1.97 |
Price/Cash Flow | — | 10.12 | 15.73 |
Price/Earnings
FFH
MKL
WRB
Financial Strength
|
Metric
|
FFH
|
MKL
|
WRB
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | 8.40 | 15.52 | 20.01 |
Quick Ratio
No chart available
Profitability
|
Metric
|
FFH
|
MKL
|
WRB
|
|---|---|---|---|
Return on Assets (Normalized) | 4.84% | 3.39% | 4.31% |
Return on Equity (Normalized) | 20.69% | 12.77% | 19.65% |
Return on Invested Capital (Normalized) | 13.11% | 10.78% | 15.96% |
Return on Assets
FFH
MKL
WRB
Insurance - Property & Casualty Industry Comparables
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Chubb Ltd
CB
| LOCK|$@ldty | LOCK|t^>B | $137B | |||
| Progressive Corp
PGR
| LOCK|%>#&%<@n | LOCK|W%>&& | $128B | |||
| The Travelers Companies Inc
TRV
| LOCK|p&NWg?& | LOCK|q&@k | $83B | |||
| Allstate Corp
ALL
| LOCK|r!dz>h | LOCK|>Kd | $63B | |||
| MS&AD Insurance Group Holdings Inc
MSADF
| — | LOCK|nm> | $46B | |||
| MS&AD Insurance Group Holdings Inc ADR
MSADY
| — | LOCK|L#? | $46B | |||
| The People's Insurance Co (Group) of China Ltd ADR
PINXY
| — | LOCK|dB | $45B | |||
| The People's Insurance Co (Group) of China Ltd Class H
PINXF
| — | LOCK|f@# | $45B | |||
| WR Berkley Corp
WRB
| LOCK|$#!txW#V | LOCK|w%FV | $28B | |||
| Markel Group Inc
MKL
| LOCK|$g>hcP | LOCK|!h> | $23B |
United States