NasdaqCM:TIPT

Stock Analysis Report

Executive Summary

Tiptree Inc., through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States.

Snowflake

Fundamentals

Moderate growth potential with questionable track record.


Similar Companies

Share Price & News

How has Tiptree's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.1%

TIPT

0.5%

US Insurance

1.3%

US Market


1 Year Return

22.0%

TIPT

15.0%

US Insurance

5.9%

US Market

Return vs Industry: TIPT exceeded the US Insurance industry which returned 15% over the past year.

Return vs Market: TIPT exceeded the US Market which returned 5.9% over the past year.


Shareholder returns

TIPTIndustryMarket
7 Day-1.1%0.5%1.3%
30 Day0.7%-1.5%-1.9%
90 Day13.6%-3.3%-1.8%
1 Year25.0%22.0%17.8%15.0%8.3%5.9%
3 Year32.1%24.1%42.1%31.2%45.6%36.2%
5 Year4.4%-4.8%74.2%53.4%66.1%47.9%

Price Volatility Vs. Market

How volatile is Tiptree's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tiptree undervalued compared to its fair value and its price relative to the market?

45.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate TIPT's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate TIPT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: TIPT is poor value based on its PE Ratio (46x) compared to the Insurance industry average (15.6x).

PE vs Market: TIPT is poor value based on its PE Ratio (46x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate TIPT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TIPT is good value based on its PB Ratio (0.6x) compared to the US Insurance industry average (1.2x).


Next Steps

  • Explore potentially undervalued companies in the Insurance industry.

Future Growth

How is Tiptree forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TIPT's forecast earnings growth (28.3% per year) is above the savings rate (2.7%).

Earnings vs Market: TIPT's earnings (28.3% per year) are forecast to grow faster than the US market (14.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if TIPT's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if TIPT's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if TIPT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Tiptree performed over the past 5 years?

18.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TIPT has become profitable over the past 5 years, growing earnings by 18.7% per year.

Accelerating Growth: TIPT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TIPT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (3.1%).


Return on Equity

High ROE: TIPT's Return on Equity (1.8%) is considered low.


Return on Assets

ROA vs Industry: TIPT's Return on Assets is below or equal to the Insurance industry average last year.


Return on Capital Employed

ROCE Improving: TIPT has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Tiptree's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: TIPT has a low level of unsold assets or inventory.

Debt Coverage by Assets: TIPT's debt is covered by short term assets (assets are 3.344970x debt).


Financial Institutions Analysis

Asset Level: TIPT's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if TIPT has a sufficient allowance for bad loans.

Low Risk Liabilities: TIPT reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if TIPT has an acceptable proportion of non-loan assets held.

Low Risk Deposits: TIPT has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if TIPT has an appropriate level of bad loans.


Next Steps

Dividend

What is Tiptree's current dividend yield, its reliability and sustainability?

2.22%

Current Dividend Yield


Dividend Yield vs Market

company2.2%marketbottom25%1.5%markettop25%3.8%industryaverage2.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: TIPT's dividend (2.22%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: TIPT's dividend (2.22%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: TIPT's dividend payments have been volatile in the past 10 years.

Growing Dividend: TIPT's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (95.7%), TIPT's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Tiptree's salary, the management and board of directors tenure and is there insider trading?

4.5yrs

Average management tenure


CEO

Jonathan Ilany (66yo)

4.7yrs

Tenure

US$2,160,054

Compensation

Mr. Jonathan Ilany has been the Chief Executive Officer of Tiptree Financial Inc. since November 10, 2015 and served as its Co-Chief Executive Officer since February 23, 2015 until November 10, 2015. Mr. I ...


CEO Compensation Analysis

Compensation vs. Market: Jonathan's total compensation ($USD2.16M) is about average for companies of similar size in the US market ($USD1.18M).

Compensation vs Earnings: Jonathan's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.5yrs

Average Tenure

57yo

Average Age

Experienced Management: TIPT's management team is considered experienced (4.5 years average tenure).


Board Age and Tenure

5.3yrs

Average Tenure

62.5yo

Average Age

Experienced Board: TIPT's board of directors are considered experienced (5.3 years average tenure).


Insider Trading

Insider Buying: TIPT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$91,49927 Aug 19
Michael Barnes
EntityIndividual
Role
Chairman of the Board
Executive Chairman of the Board
Shares13,806
Max PriceUS$6.74
BuyUS$117,35919 Jun 19
Michael Barnes
EntityIndividual
Role
Chairman of the Board
Executive Chairman of the Board
Shares18,044
Max PriceUS$6.53
BuyUS$73,54017 Jun 19
Michael Barnes
EntityIndividual
Role
Chairman of the Board
Executive Chairman of the Board
Shares11,533
Max PriceUS$6.40
BuyUS$11,85404 Jun 19
Jonathan Ilany
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares1,950
Max PriceUS$6.08
BuyUS$26,68509 May 19
Jonathan Ilany
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares4,500
Max PriceUS$5.93
BuyUS$20,25410 Dec 18
Jonathan Ilany
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares3,800
Max PriceUS$5.33

Ownership Breakdown


Management Team

  • Sandra Bell (61yo)

    Chief Financial Officer

    • Tenure: 4.3yrs
    • Compensation: US$934.38k
  • Michael Barnes (52yo)

    Executive Chairman of the Board

    • Tenure: 9.2yrs
    • Compensation: US$1.28m
  • Julia Wyatt (61yo)

    Chief Operating Officer

    • Tenure: 3.8yrs
    • Compensation: US$850.10k
  • Jonathan Ilany (66yo)

    CEO & Director

    • Tenure: 4.7yrs
    • Compensation: US$2.16m
  • Neil Rifkind (53yo)

    VP, General Counsel & Secretary

    • Tenure: 6.3yrs
    • Compensation: US$934.38k
  • Tim Schott (49yo)

    Principal Accounting Officer

    • Tenure: 0yrs
    • Compensation: US$923.57k
  • Scott McKinney

    Director of Financial Planning & Analysis and Investor Relations

    • Tenure: 0yrs

Board Members

  • John Mack (72yo)

    Director

    • Tenure: 4.4yrs
    • Compensation: US$166.36k
  • Michael Barnes (52yo)

    Executive Chairman of the Board

    • Tenure: 9.2yrs
    • Compensation: US$1.28m
  • Bradley Smith (62yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: US$151.36k
  • Lesley Goldwasser (57yo)

    Lead Director

    • Tenure: 3.2yrs
    • Compensation: US$151.36k
  • Jonathan Ilany (66yo)

    CEO & Director

    • Tenure: 4.7yrs
    • Compensation: US$2.16m
  • Paul Friedman (63yo)

    Director

    • Tenure: 3.2yrs
    • Compensation: US$161.36k

Company Information

Tiptree Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tiptree Inc.
  • Ticker: TIPT
  • Exchange: NasdaqCM
  • Founded: 2007
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$248.777m
  • Shares outstanding: 34.55m
  • Website: https://www.tiptreeinc.com

Number of Employees


Location

  • Tiptree Inc.
  • 299 Park Avenue
  • 13th Floor
  • New York
  • New York
  • 10171
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TIPTNasdaqCM (Nasdaq Capital Market)YesClass A Common StockUSUSDJun 2007

Biography

Tiptree Inc., through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. The company provides credit protection insurance, warranty and service contr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:55
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.