Posts in category All News
Shrem Infra Invest Pvt standalone net profit rises 255.69% in the March 2024 quarter (26-06-2024)
Supreme Infrastructure India reports consolidated net loss of Rs 326.26 crore in the March 2024 quarter (26-06-2024)
Nvidia short sellers make $5 billion from three-day selloff, data shows (26-06-2024)
Steady dollar sends yen to the brink of 160 (26-06-2024)
IPO screener: Akme Fintrade India IPO lists today after being oversubscribed 55.12 times (26-06-2024)
Oil edges lower after industry group reports jump in US stockpiles (26-06-2024)
Fairfax India – an alternative to nifty (26-06-2024)
Hi all,
I recently did a deep-dive on Fairfax India based on the 2023 annual report.
The current asset base looks good and conservatively valued:
However, the fee structure still seems to be a drag on returns. Based on a DCF, the stock looks fairly valued at the moment. I’ve used a 12% discount rate, so the stock should still give around 12% returns going forward with low probability of permanent capital loss.
Link to calculations: Fairfax India valuation (OpenSourceInvestor) - Google Sheets
The full deep-dive and details can be found here: link.
Let me know if I’ve missed anything or you have any differing opinions. Thanks!
Disc: I have a small tracking position for now. Will monitor the stock going forward.
Thanks,
Sharad
OpenSourceInvestor @ Substack