Fairfax Financial Holdings Ltd Shs Subord.Vtg
FFH: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 9,999.00 | Mqglw | Hkklyyptm |
Fairfax Closes Out the Year on a Strong Note
Fairfax finished the year on a strong note, as the company saw good performance on both the underwriting and investing sides. For the full year, book value per share increased 6%, adjusted for dividends. After reassessing our assumptions, we expect to raise our $681 fair value estimate for the no-moat company by about 7% to reflect time value and capital market movements since our last update. However, we continue to see shares as overvalued.