Intrinsic value of Fairfax Financial Holdings Limited Subor - FFH

Previous Close

$624.00

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$624.00

 
Intrinsic value

$461.15

 
Up/down potential

-26%

 
Rating

sell

 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of FFH stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 14.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  3.82
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  0
  12,961
  13,259
  13,600
  13,983
  14,406
  14,872
  15,378
  15,926
  16,517
  17,151
  17,829
  18,553
  19,323
  20,142
  21,011
  21,931
  22,906
  23,937
  25,026
  26,176
  27,389
  28,669
  30,017
  31,438
  32,935
  34,511
  36,170
  37,915
  39,751
  41,683
Variable operating expenses, $m
 
  12,153
  12,428
  12,741
  13,094
  13,484
  13,912
  14,378
  14,883
  15,427
  16,010
  16,414
  17,080
  17,789
  18,543
  19,343
  20,191
  21,088
  22,037
  23,040
  24,098
  25,215
  26,393
  27,635
  28,943
  30,321
  31,772
  33,299
  34,906
  36,596
  38,374
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  12,985
  12,153
  12,428
  12,741
  13,094
  13,484
  13,912
  14,378
  14,883
  15,427
  16,010
  16,414
  17,080
  17,789
  18,543
  19,343
  20,191
  21,088
  22,037
  23,040
  24,098
  25,215
  26,393
  27,635
  28,943
  30,321
  31,772
  33,299
  34,906
  36,596
  38,374
Operating income, $m
  -279
  808
  832
  859
  889
  923
  960
  1,000
  1,043
  1,090
  1,141
  1,415
  1,472
  1,534
  1,599
  1,668
  1,741
  1,818
  1,900
  1,986
  2,078
  2,174
  2,275
  2,382
  2,495
  2,614
  2,739
  2,871
  3,009
  3,155
  3,308
EBITDA, $m
  -20
  1,179
  1,206
  1,237
  1,272
  1,310
  1,352
  1,399
  1,448
  1,502
  1,560
  1,621
  1,687
  1,757
  1,832
  1,911
  1,995
  2,083
  2,177
  2,276
  2,381
  2,491
  2,607
  2,730
  2,859
  2,995
  3,139
  3,289
  3,448
  3,615
  3,791
Interest expense (income), $m
  292
  341
  388
  444
  509
  581
  661
  749
  845
  949
  1,060
  1,180
  1,308
  1,445
  1,591
  1,746
  1,910
  2,084
  2,268
  2,463
  2,669
  2,886
  3,116
  3,357
  3,612
  3,881
  4,164
  4,462
  4,775
  5,105
  5,453
Earnings before tax, $m
  -749
  467
  444
  414
  380
  342
  298
  251
  198
  142
  80
  235
  164
  88
  8
  -78
  -169
  -266
  -368
  -477
  -591
  -712
  -840
  -975
  -1,117
  -1,267
  -1,425
  -1,591
  -1,766
  -1,950
  -2,144
Tax expense, $m
  -216
  126
  120
  112
  103
  92
  81
  68
  54
  38
  22
  63
  44
  24
  2
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -692
  341
  324
  302
  278
  249
  218
  183
  145
  103
  59
  171
  120
  65
  6
  -78
  -169
  -266
  -368
  -477
  -591
  -712
  -840
  -975
  -1,117
  -1,267
  -1,425
  -1,591
  -1,766
  -1,950
  -2,144

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  58,616
  59,729
  61,103
  62,673
  64,436
  66,389
  68,533
  70,867
  73,393
  76,115
  79,036
  82,161
  85,496
  89,046
  92,819
  96,823
  101,067
  105,558
  110,308
  115,327
  120,625
  126,217
  132,113
  138,329
  144,877
  151,774
  159,036
  166,680
  174,723
  183,185
  192,085
Adjusted assets (=assets-cash), $m
  58,616
  59,729
  61,103
  62,673
  64,436
  66,389
  68,533
  70,867
  73,393
  76,115
  79,036
  82,161
  85,496
  89,046
  92,819
  96,823
  101,067
  105,558
  110,308
  115,327
  120,625
  126,217
  132,113
  138,329
  144,877
  151,774
  159,036
  166,680
  174,723
  183,185
  192,085
Revenue / Adjusted assets
  0.000
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
Average production assets, $m
  2,703
  2,761
  2,824
  2,897
  2,978
  3,069
  3,168
  3,276
  3,392
  3,518
  3,653
  3,798
  3,952
  4,116
  4,290
  4,475
  4,671
  4,879
  5,099
  5,331
  5,575
  5,834
  6,106
  6,394
  6,696
  7,015
  7,351
  7,704
  8,076
  8,467
  8,878
Working capital, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total debt, $m
  6,441
  7,323
  8,386
  9,602
  10,966
  12,478
  14,137
  15,944
  17,899
  20,006
  22,267
  24,686
  27,267
  30,015
  32,935
  36,034
  39,319
  42,795
  46,471
  50,356
  54,457
  58,785
  63,349
  68,159
  73,228
  78,566
  84,187
  90,103
  96,329
  102,878
  109,767
Total liabilities, $m
  45,348
  46,230
  47,293
  48,509
  49,873
  51,385
  53,044
  54,851
  56,806
  58,913
  61,174
  63,593
  66,174
  68,922
  71,842
  74,941
  78,226
  81,702
  85,378
  89,263
  93,364
  97,692
  102,256
  107,066
  112,135
  117,473
  123,094
  129,010
  135,236
  141,785
  148,674
Total equity, $m
  13,268
  13,499
  13,809
  14,164
  14,562
  15,004
  15,488
  16,016
  16,587
  17,202
  17,862
  18,568
  19,322
  20,124
  20,977
  21,882
  22,841
  23,856
  24,930
  26,064
  27,261
  28,525
  29,858
  31,262
  32,742
  34,301
  35,942
  37,670
  39,487
  41,400
  43,411
Total liabilities and equity, $m
  58,616
  59,729
  61,102
  62,673
  64,435
  66,389
  68,532
  70,867
  73,393
  76,115
  79,036
  82,161
  85,496
  89,046
  92,819
  96,823
  101,067
  105,558
  110,308
  115,327
  120,625
  126,217
  132,114
  138,328
  144,877
  151,774
  159,036
  166,680
  174,723
  183,185
  192,085
Debt-to-equity ratio
  0.485
  0.540
  0.610
  0.680
  0.750
  0.830
  0.910
  1.000
  1.080
  1.160
  1.250
  1.330
  1.410
  1.490
  1.570
  1.650
  1.720
  1.790
  1.860
  1.930
  2.000
  2.060
  2.120
  2.180
  2.240
  2.290
  2.340
  2.390
  2.440
  2.480
  2.530
Adjusted equity ratio
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226
  0.226

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -692
  341
  324
  302
  278
  249
  218
  183
  145
  103
  59
  171
  120
  65
  6
  -78
  -169
  -266
  -368
  -477
  -591
  -712
  -840
  -975
  -1,117
  -1,267
  -1,425
  -1,591
  -1,766
  -1,950
  -2,144
Depreciation, amort., depletion, $m
  259
  371
  374
  378
  383
  387
  393
  399
  405
  412
  419
  206
  215
  224
  233
  243
  254
  265
  277
  290
  303
  317
  332
  347
  364
  381
  400
  419
  439
  460
  483
Funds from operations, $m
  5,146
  711
  698
  681
  660
  637
  611
  582
  550
  515
  478
  378
  335
  288
  239
  165
  85
  -1
  -91
  -187
  -288
  -395
  -508
  -628
  -753
  -886
  -1,025
  -1,172
  -1,327
  -1,490
  -1,662
Change in working capital, $m
  3,446
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from operations, $m
  1,700
  1,000
  698
  681
  660
  637
  611
  582
  550
  515
  478
  378
  335
  288
  239
  165
  85
  -1
  -91
  -187
  -288
  -395
  -508
  -628
  -753
  -886
  -1,025
  -1,172
  -1,327
  -1,490
  -1,662
Maintenance CAPEX, $m
  0
  -147
  -150
  -153
  -157
  -162
  -167
  -172
  -178
  -184
  -191
  -199
  -206
  -215
  -224
  -233
  -243
  -254
  -265
  -277
  -290
  -303
  -317
  -332
  -347
  -364
  -381
  -400
  -419
  -439
  -460
New CAPEX, $m
  -281
  -58
  -63
  -73
  -81
  -90
  -99
  -108
  -117
  -126
  -135
  -144
  -154
  -164
  -174
  -185
  -196
  -208
  -220
  -232
  -245
  -258
  -273
  -287
  -303
  -319
  -336
  -353
  -372
  -391
  -411
Cash from investing activities, $m
  -2,257
  -205
  -213
  -226
  -238
  -252
  -266
  -280
  -295
  -310
  -326
  -343
  -360
  -379
  -398
  -418
  -439
  -462
  -485
  -509
  -535
  -561
  -590
  -619
  -650
  -683
  -717
  -753
  -791
  -830
  -871
Free cash flow, $m
  -557
  795
  484
  454
  421
  385
  345
  302
  255
  205
  152
  35
  -26
  -91
  -159
  -253
  -355
  -462
  -576
  -696
  -823
  -957
  -1,098
  -1,247
  -1,403
  -1,569
  -1,742
  -1,925
  -2,118
  -2,320
  -2,533
Issuance/(repayment) of debt, $m
  1,821
  882
  1,063
  1,215
  1,365
  1,512
  1,659
  1,807
  1,955
  2,107
  2,261
  2,419
  2,581
  2,748
  2,921
  3,099
  3,284
  3,476
  3,676
  3,884
  4,101
  4,328
  4,564
  4,811
  5,069
  5,338
  5,621
  5,916
  6,225
  6,549
  6,889
Issuance/(repurchase) of shares, $m
  501
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  2,452
  882
  1,063
  1,215
  1,365
  1,512
  1,659
  1,807
  1,955
  2,107
  2,261
  2,419
  2,581
  2,748
  2,921
  3,099
  3,284
  3,476
  3,676
  3,884
  4,101
  4,328
  4,564
  4,811
  5,069
  5,338
  5,621
  5,916
  6,225
  6,549
  6,889
Total cash flow (excl. dividends), $m
  1,844
  1,677
  1,548
  1,670
  1,786
  1,897
  2,004
  2,108
  2,211
  2,312
  2,413
  2,454
  2,555
  2,657
  2,761
  2,846
  2,930
  3,014
  3,100
  3,188
  3,278
  3,371
  3,466
  3,564
  3,665
  3,770
  3,878
  3,991
  4,108
  4,229
  4,356
Retained Cash Flow (-), $m
  631
  -231
  -310
  -355
  -398
  -441
  -484
  -527
  -571
  -615
  -660
  -706
  -754
  -802
  -853
  -905
  -959
  -1,015
  -1,073
  -1,134
  -1,198
  -1,264
  -1,333
  -1,405
  -1,480
  -1,559
  -1,641
  -1,727
  -1,818
  -1,912
  -2,011
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  1,446
  1,237
  1,315
  1,387
  1,455
  1,519
  1,581
  1,640
  1,697
  1,752
  1,747
  1,801
  1,855
  1,909
  1,941
  1,971
  1,999
  2,027
  2,054
  2,081
  2,107
  2,133
  2,159
  2,185
  2,211
  2,237
  2,263
  2,290
  2,317
  2,344
Discount rate, %
 
  8.20
  8.61
  9.04
  9.49
  9.97
  10.47
  10.99
  11.54
  12.12
  12.72
  13.36
  14.02
  14.73
  15.46
  16.24
  17.05
  17.90
  18.79
  19.73
  20.72
  21.76
  22.84
  23.99
  25.19
  26.45
  27.77
  29.16
  30.61
  32.15
  33.75
PV of cash for distribution, $m
 
  1,337
  1,049
  1,014
  965
  905
  836
  762
  684
  606
  529
  440
  373
  311
  255
  203
  159
  122
  91
  67
  48
  34
  23
  15
  10
  6
  4
  2
  1
  1
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, and internationally. It operates through Insurance and Reinsurance, Runoff, and Other segments. The company underwrites specialty insurance and reinsurance; and owns and operates a network of premium dining restaurants and holiday resorts. In addition, it is involved in the sale of animal nutrition; provision of pet medical insurance and database services, and specialized human resources services; retail of tableware and gifts, and home improvement goods, as well as sporting goods and sports apparel; and provision of integrated travel and travel-related financial services. The company was formerly known as Markel Financial Holdings Limited and changed its name to Fairfax Financial Holdings Limited in 1987. Fairfax Financial Holdings Limited was founded in 1951 and is headquartered in Toronto, Canada.

FINANCIAL RATIOS  of  Fairfax Financial Holdings Limited Subor (FFH)

Valuation Ratios
P/E Ratio -20.1
Price to Sales 1.1
Price to Book 1.1
Price to Tangible Book
Price to Cash Flow 8.2
Price to Free Cash Flow 9.8
Growth Rates
Sales Growth Rate 3.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 3.3%
Cap. Spend. - 3 Yr. Gr. Rate 34%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 48.5%
Total Debt to Equity 48.5%
Interest Coverage -2
Management Effectiveness
Return On Assets -0.8%
Ret/ On Assets - 3 Yr. Avg. 2%
Return On Total Capital -3.6%
Ret/ On T. Cap. - 3 Yr. Avg. 4.8%
Return On Equity -5.1%
Return On Equity - 3 Yr. Avg. 6.3%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin -1.6%
EBITDA Margin - 3 Yr. Avg. 11.9%
Operating Margin -2.2%
Oper. Margin - 3 Yr. Avg. 9.5%
Pre-Tax Margin -5.9%
Pre-Tax Margin - 3 Yr. Avg. 8.2%
Net Profit Margin -5.4%
Net Profit Margin - 3 Yr. Avg. 5.8%
Effective Tax Rate 28.8%
Eff/ Tax Rate - 3 Yr. Avg. 18.3%
Payout Ratio -53%

FFH stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the FFH stock intrinsic value calculation we used $12707 million for the last fiscal year's total revenue generated by Fairfax Financial Holdings Limited Subor. The default revenue input number comes from 2016 income statement of Fairfax Financial Holdings Limited Subor. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our FFH stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 8.2%, whose default value for FFH is calculated based on our internal credit rating of Fairfax Financial Holdings Limited Subor, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Fairfax Financial Holdings Limited Subor.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of FFH stock the variable cost ratio is equal to 93.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for FFH stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.3% for Fairfax Financial Holdings Limited Subor.

Corporate tax rate of 27% is the nominal tax rate for Fairfax Financial Holdings Limited Subor. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the FFH stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for FFH are equal to 21.3%.

Life of production assets of 18.4 years is the average useful life of capital assets used in Fairfax Financial Holdings Limited Subor operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for FFH is equal to 0%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $13268 million for Fairfax Financial Holdings Limited Subor - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 23.537 million for Fairfax Financial Holdings Limited Subor is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Fairfax Financial Holdings Limited Subor at the current share price and the inputted number of shares is $14.7 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
IFC Intact Financi 93.51 116.95  buy
MFC Manulife Finan 23.94 6,537.64  str.buy
GWO Great-West Lif 36.72 94.88  str.buy
SLF Sun Life Finan 48.21 205.60  str.buy
Stock chart of FFH Financial statements of FFH
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.