Company Valuation: Tiptree Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 168.8 468.8 501.7 696.8 773 691
Change - 177.67% 7.02% 38.87% 10.94% -10.6%
Enterprise Value (EV) 1 501.7 752.6 293.2 703.1 972.9 742.8
Change - 50.02% -61.04% 139.79% 38.38% -23.64%
P/E -5.83x 12.7x -59.4x 56.8x 16.1x 19.7x
PBR 0.46x 1.23x 1.27x 1.67x 1.7x 1.36x
PEG - -0x 0x -0x 0x -0.7x
Capitalization / Revenue 0.21x 0.39x 0.37x 0.42x 0.38x -671x
EV / Revenue 0.62x 0.63x 0.22x 0.43x 0.48x -721x
EV / EBITDA 31.2x 5.82x 4.05x 5.13x 4.71x -15.9x
EV / EBIT -337x 7.17x 5.93x 6.19x 5.26x -15.4x
EV / FCF 4.85x 2.92x 0.96x 11.3x 13.3x -40.2x
FCF Yield 20.6% 34.2% 104% 8.88% 7.5% -2.49%
Dividend per Share 2 0.16 0.16 0.16 0.2 0.24 0.24
Rate of return 3.19% 1.16% 1.16% 1.05% 1.15% 1.31%
EPS 2 -0.8611 1.088 -0.2329 0.3337 1.299 0.9259
Distribution rate -18.6% 14.7% -68.7% 59.9% 18.5% 25.9%
Net sales 1 814.7 1,202 1,363 1,649 2,043 -1.03
EBITDA 1 16.09 129.4 72.42 137 206.7 -46.79
EBIT 1 -1.489 104.9 49.45 113.6 185 -48.24
Net income 1 -29.16 38.13 -8.274 13.95 53.37 34.93
Net Debt 1 332.8 283.8 -208.5 6.286 199.9 51.8
Reference price 2 5.02 13.83 13.84 18.96 20.86 18.27
Nbr of stocks (in thousands) 33,635 33,900 36,253 36,750 37,056 37,824
Announcement Date 3/11/21 3/14/22 3/8/23 2/29/24 3/3/25 3/9/26
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 633M
11.87x1.23x5.32x2.44% 16.78B
7.71x14.82x - -.--% 15B
29.89x7.41x14.95x2.43% 12.61B
Average 16.49x 7.82x 10.14x 1.62% 11.25B
Weighted average by Cap. 15.58x 7.58x 9.45x 1.61%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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