TIGR Stock Fair Value – UP Fintech Reports Record Earnings and Revenue of $70.1M, Surpassing Expectations by $25.92M
November 28, 2023
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UP ($NASDAQ:TIGR) Fintech Holding Ltd. The company achieved record highs on both revenue and EPS due to an increase in active accounts, as well as an increase in average daily trading volume and average commission rate. These increases were driven by the company’s efforts to expand customer services, such as providing more commission discounts and offering more products.
This revenue growth was driven by both an increase in the number of customers and an increase in the commission rate. The company’s strong performance is attributed to the increase in active customer accounts, as well as the ongoing efforts to expand customer services and improve cost control measures.
Earnings
UP FINTECH HOLDING recently released its FY2023 Q2 earning report, indicating the company achieved tremendous success in the quarter until June 30th 2021. Net income for the quarter came in at 21.51M USD, representing a 12.6% increase in total revenue when compared the the same period the previous year. Notable revenue growth was also seen over the past 3 years, with UP FINTECH HOLDING’s total revenue increasing from 60.23M USD to 66.05M USD.
Overall, UP FINTECH HOLDING reported positive earnings this quarter and has seen consistent revenue growth since the previous year. The company looks well-positioned to continue its success in the coming quarters.
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% |
Price History
UP Fintech Holding, a leading online brokerage firm in China, reported record earnings and revenue of $70.1 million for the quarter ended June 30th. On Monday, UP Fintech Holding’s stock opened at $5.2 and closed at $4.5, a drop by 8.2% from its last closing price of $4.9. The company’s rapid growth in revenue and earnings was not enough to offset investor jitters caused by the recent volatility in the stock market and the overall weak economic environment.
Despite the share price drop, analysts remain bullish about UP Fintech Holding’s future prospects. They note that the company’s strong financial performance is evidence of its ongoing commitment to increasing customer satisfaction and expanding its services. Live Quote…
Analysis – TIGR Stock Fair Value
GoodWhale has conducted an extensive analysis of UP FINTECH HOLDING’s wellbeing and our proprietary Valuation Line has come up with an intrinsic value of around $8.3 for each UP FINTECH HOLDING share. This means that the stock is currently undervalued by 45.5% since it is currently trading at $4.5. Our analysis indicates that there is potential upside to investing in UP FINTECH HOLDING stock. More…
Peers
The competition between UP Fintech Holding Ltd and its competitors is fierce. Hengtai Securities Co Ltd, Central China Securities Co Ltd, Plus500 Ltd are all major players in the industry and are all fighting for market share. UP Fintech Holding Ltd has a strong presence in the online brokerage space and is known for its innovative technology. The company is constantly launching new products and services to stay ahead of the competition.
– Hengtai Securities Co Ltd ($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
Despite this strong performance, the stock price moved down the same day, signaling that investors may have expected even better results or may be concerned about the quality of the company’s financials. Investors should take a closer look at UP Fintech Holding’s financials to gain a better understanding of its financial health and to determine whether or not it is a good investment opportunity. Factors such as the company’s current debt levels, cash flow, profitability, and growth potential should all be taken into account when making an investment decision.
Additionally, investors should assess the quality of UP Fintech Holding’s management team and their ability to execute on their stated plans for the company. By doing so, investors can better evaluate the potential rewards and risks associated with investing in UP Fintech Holding.
