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.

Risks

  • Tiptree is not covered by any analysts.

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

2.8%

NasdaqCM:TIPT

0.5%

US Insurance

0.9%

US Market


1 Year Return

2.0%

NasdaqCM:TIPT

8.8%

US Insurance

0.3%

US Market

TIPT underperformed the Insurance industry which returned 8.3% over the past year.

TIPT outperformed the Market in United States of America which returned -0.5% over the past year.


Share holder returns

TIPTIndustryMarket
7 Day2.8%0.5%0.9%
30 Day6.2%-1.8%-1.9%
90 Day7.2%2.0%1.6%
1 Year4.5%2.0%11.5%8.8%2.6%0.3%
3 Year34.9%26.8%45.8%34.8%41.0%31.8%
5 Year0.4%-8.4%66.3%46.6%55.2%38.0%

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 based on future cash flows and its price relative to the stock market?

42.64x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Tiptree to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Tiptree to establish if it is available at substantial discount.


Price Based on Earnings

Tiptree is overvalued based on earnings compared to the US Insurance industry average.

Tiptree is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Tiptree, we can't assess if its growth is good value.


Price Based on Value of Assets

Tiptree is good value based on assets compared to the US Insurance industry average.


Next Steps

  • Explore potentially undervalued companies in the Insurance industry.

Future Growth

How is Tiptree expected 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 Estimates


Future Annual Growth Analysis

Unable to determine if Tiptree is high growth as no revenue estimate data is available.

Tiptree's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Tiptree's revenue growth to the United States of America market average as no estimate data is available.

Tiptree's earnings growth is expected to exceed the United States of America market average.

Tiptree's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Tiptree will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Tiptree's year on year earnings growth rate has been positive over the past 5 years.

Tiptree has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Tiptree has become profitable in the last year making it difficult to compare the US Insurance industry average.


Return on Equity

Tiptree has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Tiptree used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.


Return on Capital Employed

Tiptree has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

  • Explore strong past performing companies in the Insurance industry.

Financial Health

How is Tiptree's financial position?


Financial Position Analysis

Tiptree's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Tiptree's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Tiptree's level of debt (72.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (54.7% vs 72.9% today).

Debt is not well covered by operating cash flow (16.7%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.3x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 3.3x debt.


Next Steps

Dividend

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

2.40%

Current Dividend Yield


Dividend Yield and Payments Analysis

Tiptree's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Tiptree's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Jonathan Ilany (66yo)

4.5yrs

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

Jonathan's remuneration is higher than average for companies of similar size in United States of America.

Jonathan's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.3yrs

Average Tenure

57yo

Average Age

The tenure for the Tiptree management team is about average.


Board Age and Tenure

5.2yrs

Average Tenure

62.5yo

Average Age

The tenure for the Tiptree board of directors is about average.


Insider Trading

More shares have been bought than sold by Tiptree individual insiders in the past 3 months.


Recent Insider Transactions

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: 4.1yrs
    • Compensation: US$934.38k
  • Michael Barnes (52yo)

    Executive Chairman of the Board

    • Tenure: 9.0yrs
    • Compensation: US$1.28m
  • Julia Wyatt (61yo)

    Chief Operating Officer

    • Tenure: 3.6yrs
    • Compensation: US$850.10k
  • Jonathan Ilany (66yo)

    CEO & Director

    • Tenure: 4.5yrs
    • Compensation: US$2.16m
  • Neil Rifkind (53yo)

    VP, General Counsel & Secretary

    • Tenure: 6.1yrs
    • Compensation: US$934.38k
  • Tim Schott (49yo)

    Principal Accounting Officer

    • Tenure: 0.0yrs
    • Compensation: US$923.57k
  • Scott McKinney

    Director of Financial Planning & Analysis and Investor Relations

    • Tenure: 0.0yrs

Board Members

  • John Mack (72yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$166.36k
  • Michael Barnes (52yo)

    Executive Chairman of the Board

    • Tenure: 9.0yrs
    • Compensation: US$1.28m
  • Bradley Smith (62yo)

    Director

    • Tenure: 6.1yrs
    • Compensation: US$151.36k
  • Lesley Goldwasser (57yo)

    Lead Director

    • Tenure: 3.0yrs
    • Compensation: US$151.36k
  • Jonathan Ilany (66yo)

    CEO & Director

    • Tenure: 4.5yrs
    • Compensation: US$2.16m
  • Paul Friedman (63yo)

    Director

    • Tenure: 3.0yrs
    • 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$230.809m
  • 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 Analysis2019/08/19 23:59
End of Day Share Price2019/08/19 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.