Added to YB: 2024-06-24
Pitch date: 2024-06-12
TIPT [bullish]
Tiptree Inc.
+0.41%
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
$595.8M
Pitch Price
$16.57
Price Target
42.70 (+152%)
Dividend
1.53%
EV/EBITDA
-19.86
P/E
-15.13
EV/Sales
-865.49
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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