Added to YB: 2023-11-29
Pitch date: 2023-11-29
TIPT [bullish]
Tiptree Inc.
-9.26%
current return
Author Info
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Company Info
Tiptree Inc. does not have significant operations. Previously, it was engaged in the provision of specialty insurance products.
Market Cap
$633.8M
Pitch Price
$18.69
Price Target
31.37 (+85%)
Dividend
1.42%
EV/EBITDA
-21.90
P/E
-17.48
EV/Sales
-382.84
Sector
Insurance
Category
growth
Show full summary:
Preliminary Screen on $TIPT
TIPT: Owns 73% of specialty insurer Fortegra (filed S-1). Fortegra GWPPE +27% CAGR since '19, 90-92% combined ratio past 7yrs vs peers 5% std dev. Serves underserved niche markets. Warburg valued Fortegra at 13.5x adj net income in '21, now $107M implies $25.37/sh for TIPT (1.73x P/B). Tiptree Capital worth $6/sh. $31.37 PT for 74% upside.
Read full article (5 min)