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TIGR
ACCE-researched

UP Fintech Holding Ltd American Depositary Share representing fifteen Class A Ordinary Shares (TIGR) fair value

Financial Services · Capital Markets · NASDAQ · United States
$4.04-0.49%
Market cap $730MNext earnings 2026-12-03Updated Oct 20, 2026
Add earnings to calendarGoogle
Our verdict
Trades 36% below our fair value
Price
$4.04
Model fair valueConfidence: good
$6.33
Model range
$6.08 to $6.63
Fair value $6.33
Price $4.04
2 models fit UP Fintech Holding Ltd American Depositary Share representing fifteen Class A Ordinary Shares and they agree: 2 of 2 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Large discount(i)Bronze54
Valued as an asset manager: P/E comparison and Residual income.
ACCE opinionUP Fintech Holding Ltd American Depositary Share representing fifteen Class A Ordinary Shares (TIGR)
Fair value (2 models)
$6.33
ACCE price target
$4.60
Rating
Undervalued
Horizon
12 months
Fair value published on 20 Oct 2026, 16:04 CEST; previously $6.16 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 18 Oct 2026, 00:00 CEST; previously $7.50 since 17 Aug 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 16:04 CEST.
Price used: $4.04 at the close on 23 Oct 2026, 22:00 CEST.
Models: P/E comparison and Residual income.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
36.2% below
+56.7% to fair value
ACCE score
67
out of 100
Analysts
91% buy
11 covering
P/E
7.5x
forward 15.0x
1-year return
-60.2%
Dividend yield
0.00%

UP Fintech Holding Ltd American Depositary Share representing fifteen Class A Ordinary Shares in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

UP Fintech runs the Tiger Brokers platform, an online brokerage serving retail and institutional clients in Asia and beyond, with its trading app, margin lending and wealth management products sitting on top of a single trading infrastructure. The structural case rests on that scale: an 87.2% gross margin and a 35.3% operating margin show a business where incremental trading volume costs very little to serve. Revenue growth of 32.4% is the number to test, since it signals the platform is still adding clients and assets faster than the market is pricing in. The stock trades at 8.0 times trailing earnings but 15.0 times forward, which means the market expects earnings to roughly halve in multiple terms only if the growth delivers, so the gap between those two ratios is the first thing to model. A 13.6% return on equity is respectable rather than exceptional for a capital-light broker, and with no index membership the stock sits outside the flows that tend to support larger names, which cuts both ways. A score of 65/100 and a market cap near $775M make it a candidate for a deeper look, provided the work centers on client asset growth and trading-volume sensitivity to market conditions.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
  • high
    Earnings collapse vs revenue growth
    Revenue up 32.4% YoY but earnings down 33.3%. Suggests margin compression or one-time charges eroding profitability despite top-line strength.
  • high
    ACCE score deterioration
    Score fell 7 points in 90 days (73 to 66). Momentum pillar at 17/100 signals recent negative momentum despite valuation appeal.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Five-year revenue growth of 39.5% per year demonstrates sustained expansion in a competitive brokerage market.
  • Net margin of 18.4% and ROE of 13.6% show the business converts revenue into shareholder returns efficiently.
Why it could disappoint
  • Latest earnings missed expectations by 12.5%, signaling operational headwinds or guidance misses.
  • Share count diluted 10.8% last fiscal year, eroding per-share value despite absolute profit growth.
  • Year-over-year revenue growth slowed to 32.4% from five-year average of 39.5%, indicating deceleration.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Dec 3, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where TIGR's valuation models land
Price
$4.04
Model fair value
$6.33
Model range
$6.08 to $6.63
Fair value $6.33
Price $4.04
The price is below the whole model range.
Model
Fair value
Upside
P/E comparison
Residual income
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish91% buy · 11 covering analysts
● Strong buy 8● Buy 2● Hold 0● Sell 0● Strong sell 1
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
-0.2%
1 month
-14.2%
3 months
-14.6%
6 months
-41.8%
YTD
-57.7%
1 year
-60.2%

SEC filings

Recent ACCE blog coverage

  • $TIGR Posts 45.8% Revenue Jump, EPS Up 66.4%
    UP Fintech $TIGR reported strong Q results: revenue up 45.8% YoY, EPS up 66.4% YoY. ACCE score sits at 78/100 with shares at $5.11.
    2026-06-02

Recommendation history, last 12 months

DateTypeNewPreviousPrice
20 Oct 2026, 16:04 CESTRatingUndervaluedfirst publication$4.06
20 Oct 2026, 16:04 CESTFair value$6.33$6.16$4.06
18 Oct 2026, 00:00 CESTACCE price target$4.60$7.50$4.05
16 Oct 2026, 00:00 CESTFair value$6.16$6.39$4.20
11 Oct 2026, 00:00 CESTFair value$6.39$7.62$4.45
7 Oct 2026, 00:00 CESTFair value$7.62$7.42$4.40
1 Oct 2026, 00:00 CESTFair value$7.42$7.51$4.55
29 Sept 2026, 00:00 CESTFair value$7.51$7.64$4.64
12 Sept 2026, 00:00 CESTFair value$7.64$7.79$4.90
8 Sept 2026, 00:00 CESTFair value$7.79$7.97$5.08

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth64Value100Quality87Momentum17Total67
Valuation
Trailing P/E
7.5x
Forward P/E
15.0x
PEG
0.00
P/B
0.95x
EV / Revenue
0.3x
Book value/sh
$4.96
Enterprise value
$238M
Profitability
ROE
13.6%
FCF yield
179.57%
ROIC
13.5%
Health and risk
Debt / equity
0.20
Dividend yield
0.00%
Beta
0.41

Price

-60.7% · 1Y

Ask anything about TIGR

Answered from UP Fintech Holding Ltd American Depositary Share representing fifteen Class A Ordinary Shares fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 67% of peers
low 0.0x7.5xhigh 45.7x
ROEbetter than 33% of peers
low -1212%14%high 28%
Div yieldbetter than 50% of peers
low 0.0%0.0%high 2.7%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
TIGR UP Fintech Holding Ltd American Depositary Share representing fifteen Class A Ordinary Shares$4.04$636% below7.5x13.6%8767
BYMA.BA Bolsas y Mercados Argentinos SAARS 242.75--9.7x27.5%10075
PAMPA.SN PAMPA INVESTMENTS S.A.CLP 8.85---0.0%1628
HUB.AX HUB24 LimitedA$66.79A$19256% above45.7x22.2%9557
FIGR Figure Technology Solutions Inc. Class A Common Stock$24.04$1831% above27.3x26.1%9663
BGC BGC Group Inc. Class A Common Stock$11.89$926% above29.7x15.9%6268
WULF TeraWulf Inc. Common Stock$11.32----1211.8%2918

Sector report card

Where TIGR ranks against its sector peers on each metric.

Computing percentiles…
  • PR Newswire•Sep 17, 2026
    Tiger Brokers Singapore Named Best Personal Investment Platform at the Euromoney Awards for Excellence 2026
  • GlobeNewswire•Aug 17, 2026
    UP Fintech Holding Limited to Report Second Quarter 2026 Financial Results on August 26, 2026
  • PR Newswire•Jul 22, 2026
    Tiger Brokers Named Among CNBC's World's Top FinTech Companies 2026 for Second Consecutive Year
5 more press releases · full archive on Investor+.INVESTOR
4 filings of 40
April 2026
Apr 24
20-FForeign annualPeriod 2025-12-31
View on SEC →
March 2026
Mar 19
Form 4Insider transactionPeriod 2026-03-19
View on SEC →
Mar 19
6-KForeign current reportPeriod 2026-03-19
View on SEC →
1 more filings + AI summaries on Investor+.INVESTOR