Fairfax India SV USF (TSE:FIH.U)
TSX:FIH.U
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Fairfax India SV USF
(TSX:FIH.U)
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Rating:60Neutral
Price Target:―
Action:ReiteratedDate:03/09/26
The score is driven primarily by mixed financial performance: a strong, conservatively levered balance sheet is offset by volatile results and, most importantly, negative operating/free cash flow in 2024–2025 that weakens earnings quality. Valuation is supportive due to an extremely low P/E, while technical signals cannot be assessed because indicators were not provided.
Positive Factors
Conservative balance sheet
Low leverage and a large equity base provide durable financial flexibility: the company can hold illiquid positions through market cycles, withstand temporary mark-to-market losses, and access balance-sheet capacity to support follow-on investments or opportunistic purchases without stressing solvency.
Negative Factors
Weak cash generation
Two consecutive years of negative operating and free cash flow indicate earnings are not being converted into cash. This raises durable liquidity risk, may force asset sales to fund operations or investments, and undermines the firm's ability to deploy capital without increasing funding activity.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a large equity base provide durable financial flexibility: the company can hold illiquid positions through market cycles, withstand temporary mark-to-market losses, and access balance-sheet capacity to support follow-on investments or opportunistic purchases without stressing solvency.
Read all positive factors
Fairfax India SV USF (FIH.U) vs. iShares MSCI Canada ETF (EWC)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)4.1
Beta (1Y)N/A
Revenue Growth-85.14%
EPS Growth-80.02%
CountryCA
Employees10
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)2.54
Shares OutstandingN/A
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.55
Price to Sales (P/S)15.27
P/FCF Ratio-53.61
Enterprise Value/Market Cap10.00T>
Enterprise Value/Revenue9.80
Enterprise Value/Gross Profit11.48
Enterprise Value/Ebitda4.07
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Fairfax India SV USF Business Overview & Revenue Model
Company Description
Fairfax India Holdings Corporation, an investment holding company, engages in the investment activities in India. It invests in public and private equity securities and debt instruments in India and Indian businesses, or other businesses with cust...
How the Company Makes Money
Fairfax India makes money through capital appreciation and income generation from its investment portfolio. The company invests in a diverse range of Indian businesses, gaining profits primarily from the appreciation of its equity stakes and divid...
Fairfax India SV USF Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
76
Positive
Cash Flow
42
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 111.14M | 59.65M | 490.09M | 234.97M | 567.57M |
| Gross Profit | 68.24M | 34.65M | 465.09M | 209.97M | 542.26M |
| EBITDA | 568.73M | 26.21M | 451.90M | 195.97M | 533.53M |
| Net Income | 417.71M | -41.17M | 371.77M | 191.44M | 494.51M |
Balance Sheet | |||||
| Total Assets | 4.04B | 3.63B | 3.82B | 3.37B | 3.58B |
| Cash, Cash Equivalents and Short-Term Investments | 8.10M | 59.32M | 174.62M | 147.45M | 30.38M |
| Total Debt | 497.96M | 498.35M | 497.83M | 497.31M | 496.79M |
| Total Liabilities | 813.46M | 673.52M | 736.76M | 608.80M | 681.91M |
| Stockholders Equity | 3.07B | 2.83B | 2.96B | 2.64B | 2.77B |
Cash Flow | |||||
| Free Cash Flow | -31.66M | -103.44M | 66.61M | 152.34M | 61.09M |
| Operating Cash Flow | -31.66M | -103.44M | 66.61M | 152.34M | 61.09M |
| Investing Cash Flow | -9.18M | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -10.62M | -8.42M | -37.25M | -35.58M | -51.30M |
Fairfax India SV USF Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | C$1.34B | 5.04 | 9.85% | 3.01% | 11.23% | 30.44% | |
71 Outperform | C$1.01B | 2.39 | 5.72% | 0.14% | -44.78% | -95.84% | |
69 Neutral | C$366.50M | 5.47 | 13.92% | 1.43% | -73.34% | 40.59% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | C$848.06M | 6.05 | 9.23% | ― | 22.33% | -25.06% | |
66 Neutral | C$366.50M | 5.47 | 19.86% | 1.47% | -73.34% | 40.59% | |
60 Neutral | ― | 4.06 | 1.97% | ― | -85.14% | -80.02% |
* Financial Sector Average
TSE:FIH.U
Fairfax India SV USF
―
―
―
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Fairfax India SV USF Corporate Events
Business Operations and StrategyStock BuybackFinancial DisclosuresPrivate Placements and Financing
Fairfax India Swings to Profit on Strong Investment Gains and Expands Indian Portfolio
Positive
Feb 20, 2026
Fairfax India reported a sharp turnaround for 2025, posting net earnings of $410.5 million, or $3.05 per diluted share, versus a loss a year earlier, as book value per share rose 9.4% to $22.94 on strong gains from key Indian investments. Results ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.