TIGR Stock Intrinsic Value – UP FINTECH HOLDING Reports Record Earnings for Q2 FY2023
September 1, 2023
🌥️Earnings Overview
On August 29 2023, UP FINTECH HOLDING ($NASDAQ:TIGR) reported their earnings results for the second quarter of FY2023 ending June 30 2023. The company witnessed a 23.5% year-on-year rise in total revenue to USD 66.0 million and a net income of USD 13.2 million, contrasting to a net loss of -0.9 million in the same period last year.
Market Price
UP FINTECH HOLDING reported its second-quarter earnings on Tuesday, which showed tremendous growth in the sector. Shares of UP FINTECH HOLDING opened at $4.0, and ended the day trading at $4.6, a 28.5% increase from the prior closing price of 3.6. This marks an all-time high for the holding company and is indicative of a strong financial quarter. The stellar results can be attributed to the company’s successful investments in the technology sector, which have enabled it to take advantage of various opportunities for growth in the rapidly changing financial markets.
Additionally, the company has shown a commitment to delivering superior services to its clients, which has earned them loyalty and trust from investors. The earnings report is extremely encouraging and bodes well for UP FINTECH HOLDING’s future prospects. The company is well-positioned to continue its impressive growth trajectory and is likely to remain one of the top players in this growing sector. 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 Intrinsic Value
At GoodWhale, we have conducted an analysis of UP FINTECH HOLDING’s financials and have calculated a fair value of the company’s share at around $8.6. This value was determined by our proprietary Valuation Line. Currently, UP FINTECH HOLDING stock is traded at $4.6, which is undervalued by 46.6%. This is a great opportunity for investors to get into the stock at a discounted rate. More…
Peers
The competition between UP Fintech Holding Ltd and its competitors is fierce. Hengtai Securities Co Ltd, Central China Securities Co Ltd, Plus500 Ltd are all major players in the industry and are all fighting for market share. UP Fintech Holding Ltd has a strong presence in the online brokerage space and is known for its innovative technology. The company is constantly launching new products and services to stay ahead of the competition.
– Hengtai Securities Co Ltd ($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 FY2023, ending June 30 2023. Total revenue rose 23.5% year-on-year to USD 66.0 million and net income was up substantially from a net loss of -0.9 million in the same period last year to USD 13.2 million. The stock price rose in reaction to the news, suggesting that investors are bullish on the company’s financial outlook. Going forward, investors should closely monitor UP FINTECH HOLDING’s financials, as well as any potential developments, to assess the company’s growth prospects and overall performance.
