Added to YB: 2024-06-24
Pitch date: 2024-06-12
TIPT [bullish]
Tiptree Inc.
+9.48%
current return
Author Info
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Company Info
Tiptree Inc., through its subsidiaries, provides specialty insurance products and related services in the United States and Europe.
Market Cap
$727.0M
Pitch Price
$16.63
Price Target
42.70 (+138%)
Dividend
1.25%
EV/EBITDA
4.71
P/E
16.75
EV/Sales
0.58
Sector
Insurance
Category
value
Tiptree Inc. - $TIPT
TIPT: Holding co valued at $16.09 vs $25.7 SOTP est. Fortegra (96% rev) valued at 16x P/E ($1.48B for TIPT's 73%). Add Tiptree Capital at book & deduct PV of bloated corp costs. 60% upside, 165% if Fortegra sold & TIPT liquidated. Catalyst: Fortegra exit in 2-3 yrs.
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