Fairfax India Holdings Corporation (FFXDF)
Fairfax India Holdings Corporation (FIH.U:CA) Shareholder/Analyst Call Transcript
Fairfax India Holdings Corporation (FIH.U:CA) Shareholder/Analyst Call Transcript
Fairfax India: I Am Buying On Bangalore Bounce
FIHU offers unique India exposure, led by the Watsa family, but has lagged India ETFs long-term due to high fees and volatility. Recent performance has improved, driven by the BIAL stake increase and its first-ever operating profit, now over half of FIHU's assets. Despite 10% long-term book value growth, recent years saw declines and negative cash flow, with book value now below 2021 levels.
Fairfax India Holdings: Trading Close To Book Value
Fairfax India Holdings Corporation trades at a 15% discount on its book value, which is quite typical for holding companies. The valuation of BIAL is said to be conservative by management, trading at 9.5x free cash flows, lower than other airport operators in the West. Though some discount is required for the Indian market on BIAL.
