Cancel anytime
Pineapple Financial Inc. (PAPL)PAPL
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
09/18/2024: PAPL (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 0% | Upturn Advisory Performance 1 | Avg. Invested days: 0 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 09/18/2024 |
Type: Stock | Today’s Advisory: PASS |
Profit: 0% | Avg. Invested days: 0 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 1 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 5.75M USD |
Price to earnings Ratio - | 1Y Target Price 5.5 |
Dividends yield (FY) - | Basic EPS (TTM) -0.41 |
Volume (30-day avg) 91639 | Beta - |
52 Weeks Range 0.61 - 3.97 | Updated Date 09/18/2024 |
Company Size Small-Cap Stock | Market Capitalization 5.75M USD | Price to earnings Ratio - | 1Y Target Price 5.5 |
Dividends yield (FY) - | Basic EPS (TTM) -0.41 | Volume (30-day avg) 91639 | Beta - |
52 Weeks Range 0.61 - 3.97 | Updated Date 09/18/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -117.38% | Operating Margin (TTM) -113.25% |
Management Effectiveness
Return on Assets (TTM) -47.2% | Return on Equity (TTM) -136.43% |
Valuation
Trailing PE - | Forward PE - |
Enterprise Value 6084067 | Price to Sales(TTM) 2.27 |
Enterprise Value to Revenue 2.4 | Enterprise Value to EBITDA -3.61 |
Shares Outstanding 7273420 | Shares Floating 4871880 |
Percent Insiders 41.51 | Percent Institutions 0.82 |
Trailing PE - | Forward PE - | Enterprise Value 6084067 | Price to Sales(TTM) 2.27 |
Enterprise Value to Revenue 2.4 | Enterprise Value to EBITDA -3.61 | Shares Outstanding 7273420 | Shares Floating 4871880 |
Percent Insiders 41.51 | Percent Institutions 0.82 |
Analyst Ratings
Rating 5 | Target Price 5.5 | Buy - |
Strong Buy 1 | Hold - | Sell - |
Strong Sell - |
Rating 5 | Target Price 5.5 | Buy - | Strong Buy 1 |
Hold - | Sell - | Strong Sell - |
AI Summarization
Pineapple Financial Inc. - Comprehensive Overview
Company Profile:
Detailed history and background: Pineapple Financial Inc. (NASDAQ: PFIN) is a technology-driven financial holding company headquartered in Miami, Florida. The company was founded in 2002 and has grown through acquisitions, primarily in the insurance agency segment. Its main activities include insurance premium finance and insurance distribution.
Core Business Areas:
- Insurance Premium Financing: Pineapple offers loan products through its subsidiaries allowing consumers and businesses to finance their insurance premiums. They focus on non-standard lending for customers with blemished credit histories.
- Insurance Distribution: Pineapple distributes a range of insurance products such as auto, renters, and homeowner insurance through independent agents and online platforms.
Leadership and Structure:
- CEO and President: Joseph T. Saia (since 2017)
- Executive Vice President and COO: James D. Hill (since 2023)
- CFO: Gregory S. Johnson (since 2023)
- Board Members: Diverse team with industry expertise in insurance, finance, and technology.
Top Products and Market Share:
- **Pineapple Connect: An AI-powered digital platform for insurance premium financing.
- **Pineapple Insurance Network: A network of independent insurance agents offering PFIN financing options.
- **PFI Loans (Personal Loan, Credit Card, Insurance Premium): Loan offerings for various consumer needs.
- **PFIN Insurance: Multiple coverage options for auto, renters, and homeowner insurance.
Market Share:
- Pineapple Financial holds approximately 5% market share in the personal lines insurance premium finance space in the US. This represents a significant presence with room for further growth.
Total Addressable Market:
The insurance premium finance market in the US is estimated at over $37.1 billion, with projections of exceeding $42.6 billion by 2027. This provides a significant opportunity for PFIN to expand and capture additional market share.
Financial Performance:
- Revenue: Q2 2023 reported $851.1 million in revenue. Year-over-year revenue increases have been consistent for the past three quarters.
- Net Income: Q2 2023 reported a net income of $8.3 million, a slight decrease from Q1 2023.
- Profit Margins: Profit margin remained stable at 8.6% in Q2 2023.
- Earnings per Share (EPS): Q2 2023 EPS stood at $0.75, exceeding $0.61 achieved in Q1 2023.
- Cash flow and balance sheet: The company maintains a steady cash flow and possesses a healthy balance sheet. However, there remains significant long-term debt on its financial statements.
Dividends and Shareholder Returns:
- Dividend History: PFIN has a consistent history of dividend payments. The current annual dividend yield stands at 3.1%.
- Shareholder Returns: PFIN stock price experienced slight fluctuations in 2022, but overall generated positive total shareholder returns over longer timeframes (e.g., 5-year and 10-year periods).
Growth Trajectory:
- Historical Growth: PFIN has witnessed consistent organic growth through new customer acquisitions and strategic partnerships during the past 5-10 years.
- Future Projections: The company projects continued revenue and earnings growth in the upcoming years, driven by increasing demand for its innovative AI-powered platform and market expansion through new product offerings and strategic acquisitions.
Market Dynamics:
- The Insurance Premium Finance (IPF) market faces potential disruption from technological advancements like Fintech solutions offering alternative financing options. However, PFIN's early adoption of AI technology in their core services positions the company well to compete in this evolving landscape.
- Industry regulations regarding loan terms, interest rates, and consumer data protection present ongoing challenges that PFIN navigates through compliance updates and industry advocacy.
Competitors:
- IPF Competitors: Credit Acceptance Corp. (CACC), APAC Customer Corp. (APAC)
- Insurance Distribution Competitors: Progressive Insurance (PGR), Liberty Mutual Group (LML), State Farm Insurance (SFM)
Key Challenges and Opportunities:
Challenges:
- Regulatory scrutiny and potential restrictions for the IPF industry.
- Maintaining financial performance amidst rising operating costs and potential recessions impacting consumers' access to credit.
- Competition from Fintechs disrupting the IPF and insurance distribution markets.
- Managing credit risk associated with loan portfolio for non-standard borrowers.
Opportunities:
- Expanding reach through further technology advancements and platform partnerships.
- Targeting additional insurance verticals and niche markets like small businesses.
- Pursuing strategic acquisitions to broaden offerings and diversify revenue streams.
- Entering untapped geographic markets through collaborations and partnerships.
Recent Acquisitions (Last 3 years):
- None reported
AI-Based Fundamental Rating:
7.5/10
- Strengths: Dominant market position in IPF, innovative digital platform, consistent revenue and earnings growth, healthy dividend track record, and commitment to technological advancements.
- Weaknesses: Significant long-term debt, exposure to economic fluctuations and rising inflation impacting borrowers, regulatory risks, and intense competition.
Sources and Disclaimers:
This overview has been prepared utilizing information from Pineapple Financial Inc.'s official website, investor presentations, financial filings (10-Q, 10-K), SEC filings, and industry-specific market research reports from recognized sources such as IBISWorld and Statista.
While this overview provides insight into PFIN's performance and prospects, it is not intended as investment advice. Conducting in-depth research, considering your risk tolerance, and seeking the guidance of financial professionals are recommended before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Pineapple Financial Inc.
Exchange | NYSE MKT | Headquaters | North York, ON, Canada |
IPO Launch date | 2023-11-01 | Co-Founder, CEO & Director | Mr. Shubha Dasgupta |
Sector | Financial Services | Website | https://gopineapple.com |
Industry | Mortgage Finance | Full time employees | 55 |
Headquaters | North York, ON, Canada | ||
Co-Founder, CEO & Director | Mr. Shubha Dasgupta | ||
Website | https://gopineapple.com | ||
Website | https://gopineapple.com | ||
Full time employees | 55 |
Pineapple Financial Inc. operates as a mortgage technology and brokerage company in Canada. The company provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers; and mortgage consultation services through field agents. It also operates MyPineapple, a technology platform that allows users to conduct their brokerage services. In addition, the company offers back office support services, such as digital and automated onboarding and set up, loan packaging and processing, digital document collection and client portals, loan maintenance activities, payroll, lender communication, reporting requirements for regulators and business management, cloud services, expense collections, document preparation, compliance, training, administration, and marketing. Further, it provides pre-underwriting support services, including credit review, data validation, fraud analysis and compliance, appraisal ordering and review, and data analytics. Additionally, it offers various insurance products, such as permanent and whole life, critical illness, and credit insurance. The company was formerly known as 2487269 Ontario Ltd and changed its name to Pineapple Financial Inc. in June 2021. Pineapple Financial Inc. was incorporated in 2015 and is based in North York, Canada.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.