Overview Dividends

(FUTU) Futu Holdings - Ratings and Ratios

Exchange: NASDAQ • Country: Hong Kong • Currency: USD • Type: Common Stock • ISIN: US36118L1061

Securities Brokerage, Digital Platform, Wealth Management, Fund Distribution

Investment Banking & Brokerage
Market Cap in USD: 22,989m
IPO / Inception: 2019-03-08
Return 12m vs S&P 500: 65.1%

EPS (Earnings per Share)

EPS (Earnings per Share) of FUTU over the last years for every Quarter: "2020-12": 4.03, "2021-03": 8.14, "2021-06": 3.58, "2021-09": 4.14, "2021-12": 3.44, "2022-03": 4.18, "2022-06": 4.79, "2022-09": 5.67, "2022-12": 7.39, "2023-03": 8.98, "2023-06": 8.51, "2023-09": 8.33, "2023-12": 6.83, "2024-03": 8.04, "2024-06": 1.1081, "2024-09": 9.97, "2024-12": 13.93, "2025-03": 19.68, "2025-06": 18.86, "2025-09": 23.399,
EPS CAGR: 66.74%
EPS Trend: 17.3%
Last SUE: 2.19
Qual. Beats: 3

Revenue

Revenue of FUTU over the last years for every Quarter: 2020-12: 1186.444, 2021-03: 2204.603, 2021-06: 1576.858, 2021-09: 1731.05, 2021-12: 1602.809, 2022-03: 1641.004, 2022-06: 1746.724, 2022-09: 1945.58, 2022-12: 2280.719, 2023-03: 2499.853, 2023-06: 2484.888, 2023-09: 2650.415, 2023-12: 2102.478, 2024-03: 2592.459, 2024-06: 3128.986, 2024-09: 3436.132, 2024-12: 3919.196, 2025-03: 4694.637, 2025-06: 5310.89, 2025-09: 6402.9,
Rev. CAGR: 44.68%
Rev. Trend: 95.7%
Last SUE: 0.30
Qual. Beats: 0

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 51.8%
Value at Risk 5%th 77.3%
Relative Tail Risk -9.23%
Reward TTM
Sharpe Ratio 1.28
Alpha 66.66
CAGR/Max DD 1.52
Character TTM
Hurst Exponent 0.519
Beta 1.570
Beta Downside 2.099
Drawdowns 3y
Max DD 40.61%
Mean DD 15.68%
Median DD 15.15%

Description: FUTU Futu Holdings December 19, 2025

Futu Holdings Ltd (NASDAQ:FUTU) operates a digital brokerage and wealth-management platform, primarily through its Futubull and Moomoo apps, offering securities, derivatives, margin financing, and a broad suite of investment products (mutual funds, private funds, bonds, structured products) to retail clients in Hong Kong and overseas.

Founded in 2007 and headquartered in Admiralty, Hong Kong, the company also runs the NiuNiu Community-a user-generated forum for market discussion-and provides market-data services under the Money Plus brand.

Key recent metrics (FY 2023): revenue of roughly US$1.2 billion, a 28 % YoY increase; net profit of US$380 million, up 35 %; and a registered user base exceeding 20 million, with active monthly users growing at ~15 % YoY. These figures reflect continued demand for low-cost, app-first brokerage services in a market where retail trading volumes in China and Southeast Asia are expanding at 10-12 % annually (base-rate).

Sector drivers include rising disposable income among younger investors, the gradual liberalization of cross-border capital flows between Mainland China and Hong Kong, and a competitive shift toward zero-commission models that pressure traditional brokerage margins.

For a deeper quantitative assessment, you may find ValueRays analyst tools useful.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (9.82b TTM) > 0 and > 6% of Revenue (6% = 1.22b TTM)
FCFTA 0.13 (>2.0%) and ΔFCFTA 17.14pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 161.0% (prev 231.6%; Δ -70.64pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.13 (>3.0%) and CFO 31.00b > Net Income 9.82b (YES >=105%, WARN >=100%)
Net Debt (2.91b) to EBITDA (9.93b) ratio: 0.29 <= 3.0 (WARN <= 3.5)
Current Ratio 1.16 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (141.4m) change vs 12m ago 0.98% (target <= -2.0% for YES)
Gross Margin 85.29% (prev 81.32%; Δ 3.97pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 10.51% (prev 7.85%; Δ 2.66pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 63.85 (EBITDA TTM 9.93b / Interest Expense TTM 190.3m) >= 6 (WARN >= 3)

Altman Z'' 1.72

(A) 0.13 = (Total Current Assets 238.86b - Total Current Liabilities 206.14b) / Total Assets 243.38b
(B) 0.09 = Retained Earnings (Balance) 22.60b / Total Assets 243.38b
(C) 0.06 = EBIT TTM 12.15b / Avg Total Assets 193.42b
(D) 0.11 = Book Value of Equity 22.58b / Total Liabilities 206.58b
Total Rating: 1.72 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 83.91

1. Piotroski 6.0pt
2. FCF Yield 17.47%
3. FCF Margin data missing
4. Debt/Equity 0.37
5. Debt/Ebitda 0.29
6. ROIC - WACC (= 12.90)%
7. RoE 30.67%
8. Rev. Trend 95.68%
9. EPS Trend 17.31%

What is the price of FUTU shares?

As of December 28, 2025, the stock is trading at USD 165.19 with a total of 402,378 shares traded.
Over the past week, the price has changed by +0.32%, over one month by -2.60%, over three months by -4.43% and over the past year by +91.80%.

Is FUTU a buy, sell or hold?

Futu Holdings has received a consensus analysts rating of 4.53. Therefore, it is recommended to buy FUTU.
  • Strong Buy: 10
  • Buy: 3
  • Hold: 2
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the FUTU price?

Issuer Target Up/Down from current
Wallstreet Target Price 227.9 37.9%
Analysts Target Price 227.9 37.9%
ValueRay Target Price 217.8 31.8%

FUTU Fundamental Data Overview December 25, 2025

Market Cap HKD = 178.75b (22.99b USD * 7.7753 USD.HKD)
P/E Trailing = 18.4492
P/E Forward = 11.9904
P/S = 1.2095
P/B = 4.9187
Beta = 0.19
Revenue TTM = 20.33b HKD
EBIT TTM = 12.15b HKD
EBITDA TTM = 9.93b HKD
Long Term Debt = 592.3m HKD (from capitalLeaseObligations, last quarter)
Short Term Debt = 13.21b HKD (from shortTermDebt, last quarter)
Debt = 13.63b HKD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.91b HKD (from netDebt column, last quarter)
Enterprise Value = 176.47b HKD (178.75b + Debt 13.63b - CCE 15.91b)
Interest Coverage Ratio = 63.85 (Ebit TTM 12.15b / Interest Expense TTM 190.3m)
FCF Yield = 17.47% (FCF TTM 30.83b / Enterprise Value 176.47b)
FCF Margin = 151.7% (FCF TTM 30.83b / Revenue TTM 20.33b)
Net Margin = 48.30% (Net Income TTM 9.82b / Revenue TTM 20.33b)
Gross Margin = 85.29% ((Revenue TTM 20.33b - Cost of Revenue TTM 2.99b) / Revenue TTM)
Gross Margin QoQ = 87.60% (prev 87.37%)
Tobins Q-Ratio = 0.73 (Enterprise Value 176.47b / Total Assets 243.38b)
Interest Expense / Debt = 1.62% (Interest Expense 220.4m / Debt 13.63b)
Taxrate = 16.44% (633.1m / 3.85b)
NOPAT = 10.15b (EBIT 12.15b * (1 - 16.44%))
Current Ratio = 1.16 (Total Current Assets 238.86b / Total Current Liabilities 206.14b)
Debt / Equity = 0.37 (Debt 13.63b / totalStockholderEquity, last quarter 36.45b)
Debt / EBITDA = 0.29 (Net Debt 2.91b / EBITDA 9.93b)
Debt / FCF = 0.09 (Net Debt 2.91b / FCF TTM 30.83b)
Total Stockholder Equity = 32.01b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.03% (Net Income 9.82b / Total Assets 243.38b)
RoE = 30.67% (Net Income TTM 9.82b / Total Stockholder Equity 32.01b)
RoCE = 37.27% (EBIT 12.15b / Capital Employed (Equity 32.01b + L.T.Debt 592.3m))
RoIC = 23.96% (NOPAT 10.15b / Invested Capital 42.37b)
WACC = 11.06% (E(178.75b)/V(192.38b) * Re(11.80%) + D(13.63b)/V(192.38b) * Rd(1.62%) * (1-Tc(0.16)))
Discount Rate = 11.80% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.84%
[DCF Debug] Terminal Value 67.45% ; FCFE base≈30.83b ; Y1≈33.59b ; Y5≈42.31b
Fair Price DCF = 4435 (DCF Value 420.32b / Shares Outstanding 94.8m; 5y FCF grow 10.19% → 3.0% )
EPS Correlation: 17.31 | EPS CAGR: 66.74% | SUE: 2.19 | # QB: 3
Revenue Correlation: 95.68 | Revenue CAGR: 44.68% | SUE: 0.30 | # QB: 0
EPS next Quarter (2026-03-31): EPS=26.71 | Chg30d=+5.643 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=88.19 | Chg30d=+11.534 | Revisions Net=+8 | Growth EPS=+13.0% | Growth Revenue=+8.0%

Additional Sources for FUTU Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle