Added to YB: 2025-01-17
Pitch date: 2025-01-13
TIPT [bullish]
Tiptree Inc.
-13.19%
current return
Author Info
Sophon Capital Management is a solo analyst with experience both on the buyside (at a Tiger Grand Cub, long/short hedge fund) and on the sell-side (covering Internet at a Wall Street investment bank) who is scouring the public markets for compounding machines and hidden assets. Sign up for the newsletter.
Company Info
Tiptree Inc. does not have significant operations. Previously, it was engaged in the provision of specialty insurance products.
Market Cap
$595.8M
Pitch Price
$19.11
Price Target
23.06 (+39%)
Dividend
1.53%
EV/EBITDA
-19.86
P/E
-15.13
EV/Sales
-865.49
Sector
Insurance
Category
special_situation
Trade idea #7: U.S. insurer trading at steep discount to conservative SOTP - Tiptree Inc.
TIPT: Fortegra (97% of rev) exploring sale via Barclays, BofA, KBW. 2 failed IPOs. 40% YoY adj. net income growth. Warburg invested at 13.5x earnings for 24% stake. Mgmt est. $23.06/share at 13.5x. Upside case: 16x multiple. Downside: 10x. Current price $18.78. Hidden value opportunity.
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