Helios Fairfax Partners Corporation (TSE:HFPC.U)
TSX:HFPC.U
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Helios Fairfax Partners Corporation
(TSX:HFPC.U)
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Rating:64Neutral
Price Target:―
Action:ReiteratedDate:04/04/26
The score is primarily supported by a strong, conservatively levered balance sheet and a meaningful profitability rebound in 2025, plus a low P/E valuation. Offsetting these positives, cash flow execution is a key risk as operating and free cash flow remained negative in 2024 and 2025, and technical signals were not available to confirm market momentum.
Positive Factors
Balance sheet strength
Very low leverage and sizable equity give the company durable financial flexibility to fund new investments, withstand portfolio drawdowns and avoid refinancing stress. Over a 2–6 month horizon this reduces bankruptcy and liquidity risk and supports patient, long-term capital deployment.
Negative Factors
Weak cash generation
Sustained negative operating and free cash flow undermines the company’s ability to self‑fund investments, dividends or cover expenses without asset sales or external financing. Over months this elevates liquidity and execution risk and can force suboptimal realizations or capital raises.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and sizable equity give the company durable financial flexibility to fund new investments, withstand portfolio drawdowns and avoid refinancing stress. Over a 2–6 month horizon this reduces bankruptcy and liquidity risk and supports patient, long-term capital deployment.
Read all positive factors
Helios Fairfax Partners Corporation (HFPC.U) vs. iShares MSCI Canada ETF (EWC)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)3.9
Beta (1Y)N/A
Revenue Growth-169.96%
EPS Growth79.35%
CountryCA
Employees14
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.17
Shares OutstandingN/A
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.35
Price to Sales (P/S)2.70
P/FCF Ratio-4.26
Enterprise Value/Market Cap10.00T>
Enterprise Value/Revenue3.51
Enterprise Value/Gross Profit3.61
Enterprise Value/Ebitda5.58
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
Helios Fairfax Partners Corporation Business Overview & Revenue Model
Company Description
Helios Fairfax Partners Corporation, an investment holding company, engages in the investment business. It invests in public and private equity securities and debt instruments of African businesses or other businesses with customers, suppliers, or...
How the Company Makes Money
HFPC.U makes money primarily through investment returns generated by its portfolio. This typically includes (1) realized gains when it exits investments (e.g., selling equity stakes), (2) unrealized gains or losses reflected in changes in the fair...
Helios Fairfax Partners Corporation Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
84
Very Positive
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 58.88M | -24.28M | -49.47M | -25.59M | -10.19M |
| Gross Profit | 57.27M | -26.08M | -52.84M | -29.19M | -12.89M |
| EBITDA | 36.98M | -60.67M | -64.92M | -42.98M | -27.70M |
| Net Income | 40.52M | -58.79M | -71.69M | -50.78M | -25.92M |
Balance Sheet | |||||
| Total Assets | 481.39M | 437.12M | 488.33M | 652.61M | 704.39M |
| Cash, Cash Equivalents and Short-Term Investments | 10.76M | 38.32M | 95.91M | 125.24M | 76.28M |
| Total Debt | 10.46M | 471.00K | 548.00K | 99.23M | 98.63M |
| Total Liabilities | 24.48M | 21.18M | 13.74M | 108.31M | 112.49M |
| Stockholders Equity | 456.90M | 415.94M | 474.60M | 544.31M | 591.90M |
Cash Flow | |||||
| Free Cash Flow | -37.33M | -56.25M | 55.00K | 49.83M | -85.88M |
| Operating Cash Flow | -37.33M | -55.90M | 482.00K | 49.83M | -85.88M |
| Investing Cash Flow | 0.00 | -344.00K | -427.00K | 0.00 | 0.00 |
| Financing Cash Flow | 9.95M | -297.00K | -28.86M | -305.00K | 97.41M |
Helios Fairfax Partners Corporation Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$101.78B | 33.39 | 41.10% | 3.37% | 597.75% | 50.43% | |
71 Outperform | C$16.11B | 13.28 | 13.03% | 3.59% | -1.02% | -5.65% | |
71 Outperform | C$1.06B | 2.39 | 5.72% | 0.14% | -44.78% | -95.84% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | C$8.07B | 9.04 | 7.20% | 0.36% | 2.46% | -27.48% | |
64 Neutral | ― | 3.93 | -4.35% | ― | -169.96% | 79.35% |
* Financial Sector Average
TSE:HFPC.U
Helios Fairfax Partners Corporation
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Helios Fairfax Partners Corporation Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Helios Fairfax Partners Posts Record 2025 Earnings as Portfolio and Book Value Surge
Positive
Mar 27, 2026
Helios Fairfax Partners Corporation reported record net earnings of $40.5 million for 2025, its strongest performance since inception in 2020, as book value per share rose 9.9% to $4.22 and portfolio investments expanded 17.4% to $463.7 million. M...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Helios Pushes CAB Payments Board to Cooperate as It Positions Bid as Only Deliverable Offer
Neutral
Mar 27, 2026
The Helios Consortium, backed by Helios Fairfax Partners, has launched a cash offer to acquire all the shares of CAB Payments Holdings it does not already own, proposing US$1.15 per share or a partial alternative, and says investors holding 52.7% ...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Helios Fairfax Backs $297 Million Takeover Bid for CAB Payments
Positive
Mar 2, 2026
Helios Fairfax Partners Corporation, as part of a Helios-led investor consortium, has launched a cash offer to acquire the remaining share capital of CAB Payments Holdings plc, a London-listed payments company, excluding the roughly 45% already he...
Business Operations and StrategyPrivate Placements and Financing
Helios Fairfax Expands and Extends African-Focused Credit Facility
Positive
Feb 20, 2026
Helios Fairfax Partners Corporation has amended and restated its existing secured revolving credit facility with FirstRand Bank’s Rand Merchant Bank division, increasing lender commitments to US$85 million with an option to request a further...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Helios Consortium Urges CAB Payments Investors to Back Improved Takeover Proposal
Negative
Feb 12, 2026
The Helios Consortium, led by Helios Fairfax Partners’ Helios Fund III, has been a shareholder in CAB Payments Holdings since 2016 and sees the company as a long-term investment in the cross-border payments and FX sector. It believes CAB Pay...
Business Operations and StrategyM&A Transactions
Helios Consortium Lifts Possible Bid for CAB Payments to US$1.15 a Share with Unlisted Share Option
Positive
Feb 2, 2026
The Helios Consortium, which includes Helios Fairfax Partners Corporation, has submitted an increased possible offer to acquire CAB Payments Holdings plc, proposing US$1.15 in cash per share and a partial unlisted share alternative that would allo...
Business Operations and StrategyM&A Transactions
Helios Consortium Lifts Possible Offer for CAB Payments to US$1.15 a Share
Positive
Feb 2, 2026
The Helios Consortium, which includes Helios Fairfax Partners Corporation, has put forward an increased possible offer to acquire CAB Payments Holdings plc at US$1.15 per share in cash, valuing the London-listed cross‑border payments group a...
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.