Huize: Fundamentals Remain Intact, Undervalued With The Recent Sell-Off

Ivy Global Insights
2.3K Followers

Summary

  • HUIZ's fundamentals remain intact, H1 2021 total gross written premium was RMB2.06 billion, +72.7% YoY, and total operating revenue was RMB950 million, which nearly doubled YoY.
  • HUIZ is traded at its all-time low of $2.18 vs. $13.85 52-week-high. This is about 0.5x TTM P/S, vs. SelectQuote's 2.5x TTM P/S.
  • HUIZ is undervalued, especially with the recent selloff.

Broker / insurer holds an umbrella to protect parents e.g. father, mother, a child, a house and a sedan car
William_Potter/iStock via Getty Images

Huize (NASDAQ: HUIZ) is a leading digital insurance product and service platform for new generation consumers, the well-educated, tech-savvy, and digital-native cohort, in China. HUIZ operates as an independent intermediary platform with a two-sided network. As of Q2 2021, it has partnered with 88 insurer partners, a

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The mission of IGI (Ivy Global Insights) is to relentlessly search for growth stocks in the broader technology sector, and provide differentiated investment insights to the SA community.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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