$Tiger Brokers(TIGR)$ if tiger can have a recurring profit at 25 million per quarter, it's annual profit will be 100 million and at 20x, it's implied market valuation should be at least 2 billion USD, which is at least 10 USD and above..
It's latest non gaap profit for 3q2024 is 20 million USD and revenue hits over 100 million for the first time since it was founded!
Undoubtedly, tiger brokers has to further scale up to gain users and get more funded deposits.
Then again, Robinhood at 140 billion USD customer deposits whereas tiger brokers are around 40 billion USD for its customers deposits.
Robinhood market cap is at 30 billion USD whereas tiger brokers is at 1.2 billion USD. At only 3.5x customer deposits as compared to tiger brokers customers deposits, market cap of robinhood is almost 28 times that of tiger brokers. Either Robinhood market cap should come down or tiger brokers will go up.
Tiger brokers should have around 500 million cash on its books after it's recent fundraising exercise.
As always, this should not be construed as any investment or trading advice.
$Robinhood(HOOD)$ $Futu Holdings Limited(FUTU)$ $Interactive Brokers(IBKR)$
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