(FUTU) Futu Holdings - Overview
Sector: Financial Services | Industry: Capital Markets | Exchange: NASDAQ (USA) | Market Cap: 14.590m USD | Total Return: 0.7% in 12m
Avg Turnover: 412M
EPS Trend: 83.1%
Qual. Beats: -1
Rev. Trend: 96.5%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Futu Holdings Limited is a Hong Kong-based financial technology firm providing digitized securities brokerage and wealth management services through its primary platforms, Futubull and Moomoo. The company facilitates equity and derivative trading, margin financing, and the distribution of diverse investment products, including mutual funds and bonds via its Money Plus brand. Additionally, it operates the NiuNiu Community to integrate social networking with real-time financial data and market information.
The digital brokerage sector relies heavily on high-frequency trading volumes and interest income generated from margin lending to drive revenue growth. Futu’s business model leverages a proprietary technology stack to lower customer acquisition costs compared to traditional brick-and-mortar investment banks. For a deeper analysis of these operational metrics, ValueRay offers comprehensive data tools. This integration of community-driven insights and low-latency execution serves both retail and institutional clients across international markets.
- Trading volume fluctuations impact commission income and market data service revenue
- Expansion into international markets like Japan and Malaysia reduces China regulatory risk
- Interest rate volatility affects margin financing income and cash balance yield spreads
- Wealth management asset growth under Money Plus brand diversifies long-term revenue streams
- Client acquisition costs and marketing spend directly influence quarterly operating profit margins
| Net Income: 10.0b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.17 > 0.02 and ΔFCF/TA -0.53 > 1.0 |
| NWC/Revenue: 151.8% < 20% (prev 174.0%; Δ -22.18% < -1%) |
| CFO/TA 0.17 > 3% & CFO 40.8b > Net Income 10.0b |
| Net Debt (-538.3m) to EBITDA (15.2b): -0.04 < 3 |
| Current Ratio: 1.18 > 1.5 & < 3 |
| Outstanding Shares: last quarter (141.7m) vs 12m ago 0.62% < -2% |
| Gross Margin: 87.74% > 18% (prev 0.82%; Δ 8.69k% > 0.5%) |
| Asset Turnover: 11.25% > 50% (prev 8.40%; Δ 2.85% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
| A: 0.15 (Total Current Assets 241b - Total Current Liabilities 204b) / Total Assets 246b |
| B: 0.11 (Retained Earnings 26.8b / Total Assets 246b) |
| C: 0.07 (EBIT TTM 14.9b / Avg Total Assets 213b) |
| D: 0.13 (Book Value of Equity 27.1b / Total Liabilities 205b) |
| Altman-Z'' = 1.94 = BBB |
| DSRI: 0.83 (Receivables 102b/77.8b, Revenue 24.0b/15.2b) |
| GMI: 0.94 (GM 87.74% / 82.05%) |
| AQI: 0.95 (AQ_t 0.02 / AQ_t-1 0.02) |
| SGI: 1.58 (Revenue 24.0b / 15.2b) |
| TATA: -0.12 (NI 10.0b - CFO 40.8b) / TA 246b) |
| Beneish M = -2.97 (Cap -4..+1) = A |
As of June 02, 2026, the stock is trading at USD 102.85 with a total of 3,655,468 shares traded.
Over the past week, the price has changed by +14.58%,
over one month by -33.58%,
over three months by -30.16% and
over the past year by +0.74%.
Futu Holdings has received a consensus analysts rating of 4.53. Therefore, it is recommended to buy FUTU.
- StrongBuy: 10
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 191.1 | 85.8% |
Market Cap HKD = 114b (14.6b USD * 7.8356 USD.HKD)
P/E Trailing = 11.4994
P/E Forward = 8.6655
P/S = 0.6541
P/B = 2.775
Revenue TTM = 24.0b HKD
EBIT TTM = 14.9b HKD
EBITDA TTM = 15.2b HKD
Long Term Debt = 395.6m HKD (estimated: total debt 22.5b - short term 22.1b)
Short Term Debt = 22.1b HKD (from shortTermDebt, last quarter)
Debt = 23.1b HKD (from shortLongTermDebtTotal, last quarter) + Leases 600.5m
Net Debt = -538.3m HKD (calculated: Debt 23.1b - CCE 23.6b)
Enterprise Value = 114b HKD (114b + Debt 23.1b - CCE 23.6b)
Interest Coverage Ratio = unknown (Ebit TTM 14.9b / Interest Expense TTM 0.0)
EV/FCF = 2.79x (Enterprise Value 114b / FCF TTM 40.7b)
FCF Yield = 35.80% (FCF TTM 40.7b / Enterprise Value 114b)
FCF Margin = 169.6% (FCF TTM 40.7b / Revenue TTM 24.0b)
Net Margin = 41.83% (Net Income TTM 10.0b / Revenue TTM 24.0b)
Gross Margin = 87.74% ((Revenue TTM 24.0b - Cost of Revenue TTM 2.94b) / Revenue TTM)
Gross Margin QoQ = 87.20% (prev 88.68%)
Tobins Q-Ratio = 0.46 (Enterprise Value 114b / Total Assets 246b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 23.1b)
Taxrate = 42.21% (607.0m / 1.44b)
NOPAT = 8.63b (EBIT 14.9b * (1 - 42.21%))
Current Ratio = 1.18 (Total Current Assets 241b / Total Current Liabilities 204b)
Debt / Equity = 0.56 (Debt 23.1b / totalStockholderEquity, last quarter 41.2b)
Debt / EBITDA = -0.04 (Net Debt -538.3m / EBITDA 15.2b)
Debt / FCF = -0.01 (Net Debt -538.3m / FCF TTM 40.7b)
Total Stockholder Equity = 37.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.71% (Net Income 10.0b / Total Assets 246b)
RoE = 26.62% (Net Income TTM 10.0b / Total Stockholder Equity 37.7b)
RoCE = 39.15% (EBIT 14.9b / Capital Employed (Equity 37.7b + L.T.Debt 395.6m))
RoIC = 13.52% (NOPAT 8.63b / Invested Capital 63.8b)
WACC = 10.38% (E(114b)/V(137b) * Re(12.48%) + D(23.1b)/V(137b) * Rd(0.0%) * (1-Tc(0.42)))
Discount Rate = 12.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.88 | Cagr: 0.82%
[DCF] Terminal Value 71.69% ; FCFF base≈36.8b ; Y1≈42.2b ; Y5≈62.0b
[DCF] Fair Price = 7.18k (EV 687b - Net Debt -538.3m = Equity 687b / Shares 95.8m; r=10.38% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 83.07 | EPS CAGR: 51.70% | SUE: -4.0 | # QB: -1
Revenue Correlation: 96.52 | Revenue CAGR: 46.52% | SUE: -0.18 | # QB: 0
EPS current Quarter (2026-06-30): EPS=28.58 | Chg30d=-3.08% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=31.37 | Chg30d=-2.37% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=69.55 | Chg30d=-27.63% | Revisions=-50% | GrowthEPS=-15.6% | GrowthRev=+11.4%
EPS next Year (2027-12-31): EPS=102.77 | Chg30d=-4.38% | Revisions=-33% | GrowthEPS=+47.8% | GrowthRev=+10.1%
[Analyst] Revisions Ratio: -50%