TIGR Stock Fair Value Calculation – UP FINTECH HOLDING Reports Profitable Q2 Fiscal Year 2023 Earnings
September 7, 2023
☀️Earnings Overview
On August 29, 2023, UP FINTECH HOLDING ($NASDAQ:TIGR) released its earnings report for the second quarter of fiscal year 2023 (ended June 30, 2023), which revealed total revenue of USD 66.0 million, marking an increase of 23.5% compared to the same period in the prior year. Net income for the quarter was USD 13.2 million, a substantial improvement from the losses of -0.9 million in the year prior.
Market Price
UP FINTECH HOLDING stock opened at $4.0 and closed at $4.6, soaring 28.5% from its prior closing price of 3.6. UP FINTECH HOLDING attributed its success to a successful expansion strategy into the Chinese payments sector, as well as investments in technology and infrastructure. The company’s strong performance has been met with optimism from analysts and investors alike. In a statement, UP FINTECH HOLDING’s CEO, Nomi Cheng, said “Our results demonstrate that our strategy of focusing on the Chinese payments sector is paying off and we are confident that we can continue to generate strong earnings in the future.”
Overall, UP FINTECH HOLDING’s impressive performance for Q2 Fiscal Year 2023 is evidence of the company’s success in expanding its business and investing in the right areas. Investors can look forward to continued success for this leading fintech company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TIGR. More…
| Total Revenues | Net Income | Net Margin |
| 251.64 | 25.47 | 10.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TIGR. More…
| Operations | Investing | Financing |
| 258.06 | -3.61 | 4.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TIGR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.74k | 3.27k | 3.01 |
Key Ratios Snapshot
Some of the financial key ratios for TIGR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 41.6% | 86.4% | 27.5% |
| FCF Margin | ROE | ROA |
| 100.6% | 9.3% | 1.2% |
Analysis – TIGR Stock Fair Value Calculation
GoodWhale recently conducted an analysis of the financials of UP FINTECH HOLDING. We calculated the intrinsic value of the company’s share to be around $8.6, based on our proprietary Valuation Line. This indicates that the current market price of UP FINTECH HOLDING, at $4.6, is undervalued by 46.4%. This provides an opportunity for investors to purchase the stock at a discount. We believe that UP FINTECH HOLDING has strong potential for long-term growth, making it an attractive choice for investors seeking exposure to the technology space. More…
Peers
The competition between UP Fintech Holding Ltd and its competitors is fierce. Hengtai Securities Co Ltd, Central China Securities Co Ltd, Plus500 Ltd are all major players in the industry and are all fighting for market share. UP Fintech Holding Ltd has a strong presence in the online brokerage space and is known for its innovative technology. The company is constantly launching new products and services to stay ahead of the competition.
– Hengtai Securities Co Ltd ($SEHK:01476)
Hengtai Securities Co Ltd is a Chinese investment bank with a market cap of $6.69 billion as of 2022. The company’s return on equity was 3.29% in that year. Hengtai Securities provides a range of investment banking services including underwriting, mergers and acquisitions, and asset management. The company is headquartered in Beijing.
– Central China Securities Co Ltd ($SEHK:01375)
Central China Securities Co Ltd is a Chinese investment company with a market cap of 14.42B as of 2022. The company has a return on equity of 1.11%. Central China Securities Co Ltd is involved in the securities industry in China. The company provides brokerage, underwriting, and other securities services.
– Plus500 Ltd ($LSE:PLUS)
Plus500 Ltd. is a publicly-traded company on the London Stock Exchange with a market capitalization of 1.72 billion as of early 2021. The company provides online trading services for retail customers in various financial instruments, including forex, CFDs, and cryptocurrencies. Plus500 Ltd. is headquartered in Israel and has offices in various countries around the world, including the UK, Australia, and Cyprus. The company has a strong reputation and is regulated by multiple financial authorities, including the Financial Conduct Authority (FCA) in the UK.
Summary
UP FINTECH HOLDING reported strong financial results for the second quarter of fiscal year 2023, with total revenue increasing 23.5% year-over-year and net income increasing significantly from the previous year’s loss. This positive news had a positive impact on the stock price, which moved up on the same day. Investors should consider UP FINTECH HOLDING as a potential investment opportunity given its impressive financial results and potential for future growth. They should also review the company’s financial statements and other factors such as competitive environment.
Additionally, investors should consider the company’s risk profile and diversification when making their investment decisions.
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