(TIGR) Up Fintech Holding - Overview
Sector: Financial Services | Industry: Capital Markets | Exchange: NASDAQ (USA) | Market Cap: 1.043m USD | Total Return: -50.8% in 12m
Avg Turnover: 16.5M
EPS Trend: 90.6%
Qual. Beats: 0
Rev. Trend: 98.4%
Qual. Beats: 1
Warnings
Earnings expected to drop: P/E 6.3 → Forward 15.0
Fakeout Below Avwap Earnings
Tailwinds
No distinct edge detected
UP Fintech Holding Limited, operating under the Tiger Brokers brand, is a Singapore-based online brokerage serving a global client base with a focus on Chinese investors. The company utilizes its proprietary Tiger Trade platform to facilitate trading in equities, options, warrants, and futures across multiple international exchanges. Its business model integrates a full suite of financial services, including margin financing, securities lending, asset management, and IPO underwriting.
The firm operates within the digital brokerage sector, which relies on high-frequency transaction volume and interest income from margin lending to drive revenue. As a technology-driven intermediary, UP Fintech also provides institutional services such as Employee Stock Ownership Plan (ESOP) management and fund structuring. For deeper insights into these revenue streams, investors can explore the analytical tools available on ValueRay.
Founded in 2014, the company has expanded its regulatory footprint to include licenses in Singapore, the United States, and New Zealand. This multi-jurisdictional approach allows the firm to capture cross-border capital flows while offering localized value-added services like investor education and community engagement platforms.
- International expansion in Singapore and SE Asia offsets PRC regulatory restrictions
- Commission revenue sensitivity to US and Hong Kong market trading volumes
- Margin financing income depends on global interest rate cycles and leverage
- Regulatory compliance costs in multiple jurisdictions impact net profit margins
- Growth in institutional asset management and ESOP services diversifies revenue streams
| Net Income: 186.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 1.14 > 1.0 |
| NWC/Revenue: 1.20k% < 20% (prev 191.1%; Δ 1.01k% < -1%) |
| CFO/TA 0.16 > 3% & CFO 1.32b > Net Income 186.2m |
| Net Debt (-854.5m) to EBITDA (311.6m): -2.74 < 3 |
| Current Ratio: 68.82 > 1.5 & < 3 |
| Outstanding Shares: last quarter (187.9m) vs 12m ago 11.25% < -2% |
| Gross Margin: 82.74% > 18% (prev 0.71%; Δ 8.20k% > 0.5%) |
| Asset Turnover: 8.58% > 50% (prev 5.72%; Δ 2.86% > 0%) |
| Interest Coverage Ratio: 3.88 > 6 (EBITDA TTM 311.6m / Interest Expense TTM 77.5m) |
| A: 0.97 (Total Current Assets 8.12b - Total Current Liabilities 118.0m) / Total Assets 8.23b |
| B: 0.03 (Retained Earnings 208.4m / Total Assets 8.23b) |
| C: 0.04 (EBIT TTM 300.4m / Avg Total Assets 7.77b) |
| D: 0.03 (Book Value of Equity 233.5m / Total Liabilities 7.36b) |
| Altman-Z'' = 6.76 = AAA |
| DSRI: 0.64 (Receivables 3.84b/3.79b, Revenue 666.6m/418.5m) |
| GMI: 0.86 (GM 82.74% / 71.42%) |
| AQI: 1.68 (AQ_t 0.01 / AQ_t-1 0.01) |
| SGI: 1.59 (Revenue 666.6m / 418.5m) |
| TATA: -0.14 (NI 186.2m - CFO 1.32b) / TA 8.23b) |
| Beneish M = -2.76 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at USD 5.84 with a total of 4,822,949 shares traded.
Over the past week, the price has changed by -29.22%,
over one month by -37.98%,
over three months by -43.45% and
over the past year by -50.79%.
Up Fintech Holding has received a consensus analysts rating of 4.14. Therefore, it is recommended to buy TIGR.
- StrongBuy: 4
- Buy: 1
- Hold: 1
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 12.4 | 111.8% |
P/E Forward = 14.9925
P/S = 1.9353
P/B = 1.2025
Revenue TTM = 666.6m USD
EBIT TTM = 300.4m USD
EBITDA TTM = 311.6m USD
Long Term Debt = 51.0m USD (from longTermDebt, last fiscal year)
Short Term Debt = 118.0m USD (from shortTermDebt, last quarter)
Debt = 184.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 11.0m
Net Debt = -854.5m USD (calculated: Debt 184.1m - CCE 1.04b)
Enterprise Value = 188.0m USD (1.04b + Debt 184.1m - CCE 1.04b)
Interest Coverage Ratio = 3.88 (Ebit TTM 300.4m / Interest Expense TTM 77.5m)
EV/FCF = 1.06x (Enterprise Value 188.0m / FCF TTM 176.8m)
FCF Yield = 94.01% (FCF TTM 176.8m / Enterprise Value 188.0m)
FCF Margin = 26.52% (FCF TTM 176.8m / Revenue TTM 666.6m)
Net Margin = 27.93% (Net Income TTM 186.2m / Revenue TTM 666.6m)
Gross Margin = 82.74% ((Revenue TTM 666.6m - Cost of Revenue TTM 115.1m) / Revenue TTM)
Gross Margin QoQ = 93.72% (prev 93.72%)
Tobins Q-Ratio = 0.02 (Enterprise Value 188.0m / Total Assets 8.23b)
Interest Expense / Debt = 42.10% (Interest Expense 77.5m / Debt 184.1m)
Taxrate = 16.19% (8.80m / 54.4m)
NOPAT = 251.8m (EBIT 300.4m * (1 - 16.19%))
Current Ratio = 1.14 (Total Current Assets 8.12b / Total Current Liabilities 7.12b)
Debt / Equity = 0.21 (Debt 184.1m / totalStockholderEquity, last quarter 865.5m)
Debt / EBITDA = -2.74 (Net Debt -854.5m / EBITDA 311.6m)
Debt / FCF = -4.83 (Net Debt -854.5m / FCF TTM 176.8m)
Total Stockholder Equity = 823.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.40% (Net Income 186.2m / Total Assets 8.23b)
RoE = 22.60% (Net Income TTM 186.2m / Total Stockholder Equity 823.7m)
RoCE = 34.34% (EBIT 300.4m / Capital Employed (Equity 823.7m + L.T.Debt 51.0m))
RoIC = 3.19% (NOPAT 251.8m / Invested Capital 7.91b)
WACC = 16.76% (E(1.04b)/V(1.23b) * Re(13.49%) + D(184.1m)/V(1.23b) * Rd(42.10%) * (1-Tc(0.16)))
Discount Rate = 13.49% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 80.90 | Cagr: 8.71%
[DCF] Terminal Value 55.49% ; FCFF base≈135.7m ; Y1≈155.6m ; Y5≈229.0m
[DCF] Fair Price = 12.91 (EV 1.37b - Net Debt -854.5m = Equity 2.22b / Shares 172.0m; r=16.76% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 90.63 | EPS CAGR: 97.61% | SUE: 0.34 | # QB: 0
Revenue Correlation: 98.39 | Revenue CAGR: 45.17% | SUE: 2.76 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.18 | Chg30d=-2.88% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=1.05 | Chg30d=+5.05% | Revisions=+0% | GrowthEPS=+3.4% | GrowthRev=+9.6%
EPS next Year (2027-12-31): EPS=1.15 | Chg30d=-0.52% | Revisions=-14% | GrowthEPS=+10.2% | GrowthRev=+8.8%
[Analyst] Revisions Ratio: -20%