Fairfax Earnings: Solid Quarter Despite Investment Losses
Fairfax Financial reported a strong underlying third quarter, but reported results were dinged by mark-to-market losses on the fixed-income portfolio.
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 Financial Holdings Limited: Financial Results For The Third Quarter
Fairfax Announces Successful Completion of Sale of Eurolife Life Insurance Operations to Eurobank
Fairfax Announces Conference Call
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
Trading Information
- Previous Close Price
- CA$2,705.83
- Day Range
- CA$2,675.02–2,780.72
- 52-Week Range
- CA$2,066.16–2,788.03
- Bid/Ask
- CA$2,700.00 / CA$2,875.00
- Shares Outstanding
- 20.75M
- Market Cap
- CA$62.04B
- Volume/Avg
- 79,482 / 53,960
Key Statistics
- Price/Earnings (Normalized)
- 10.13
- Price/Sales
- 1.58
- Dividend Yield (Trailing)
- 0.75%
- Dividend Yield (Forward)
- 0.75%
- Dividend Payment Schedule
- Jan
- Total Yield
- 7.29%
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) | 10.13 | 14.05 | 15.82 |
Price/Book Value | 1.56 | 1.31 | 2.97 |
Price/Sales | 1.58 | 1.53 | 2.04 |
Price/Cash Flow | — | 12.06 | 15.82 |
Price/Earnings
FFH
MKL
WRB
Financial Strength
Metric | FFH | MKL | WRB |
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | 8.16 | 12.41 | 19.45 |
Quick Ratio
No chart available
Profitability
Metric | FFH | MKL | WRB |
|---|---|---|---|
Return on Assets (Normalized) | 4.69% | 2.63% | 4.30% |
Return on Equity (Normalized) | 20.07% | 9.93% | 19.73% |
Return on Invested Capital (Normalized) | 12.70% | 8.56% | 16.04% |
Return on Assets
FFH
MKL
WRB
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United States