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, Market Data

Investment Banking & Brokerage
Market Cap in USD: 22,488m

IPO / Inception: 2019-03-08
Return 12m vs S&P 500: 75.0%

EPS (Earnings per Share)

EPS CAGR: 66.74%
EPS Trend: 58.8%

Last SUE: 2.19
Qual. Beats: 3

Revenue

Rev. CAGR: 46.05%
Rev. Trend: 95.5%

Last SUE: 0.30
Qual. Beats: 0

Dividends

Dividend Yield	1.18%
Yield on Cost 5y	4.64%
Yield CAGR 5y	0.00%
Payout Consistency	100.0%
Payout Ratio	2.6%

Risk via 10d forecast
Volatility	62.4%
Value at Risk 5%th	94.7%
Relative Tail Risk	-7.81%

Reward TTM
Sharpe Ratio	1.37
Alpha	84.60
CAGR/Max DD	0.89

Character TTM
Hurst Exponent	0.481
Beta	1.530
Beta Downside	2.122

Drawdowns 3y
Max DD	47.59%
Mean DD	20.92%
Median DD	21.21%

Description: FUTU Futu Holdings October 16, 2025

Futu Holdings Ltd (NASDAQ:FUTU) operates as a digital securities brokerage and wealth-management platform, serving Hong Kong and international clients via its Futubull and Moomoo apps. The firm offers online trading in equities, derivatives, margin financing, and a suite of investment products-including mutual funds, private funds, bonds, and structured products-while also providing market data, community forums (NiuNiu), and financial information services.

Key recent data points: (1) FY2023 revenue grew ~45% YoY to US$1.2 billion, driven by a 38% increase in active client accounts, now exceeding 12 million; (2) average revenue per user (ARPU) rose to US$100, reflecting higher margin-financing utilization; and (3) the broader Asian fintech brokerage market is expanding at a ~15% CAGR, propelled by rising retail investor participation and favorable regulatory reforms in mainland China and Hong Kong.

For a deeper quantitative dive, you may find ValueRay’s analytics platform useful for evaluating FUTU’s valuation and risk metrics.

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 239.7%; Δ -78.68pp) (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 80.68%; Δ 4.62pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 10.51% (prev 7.59%; Δ 2.92pp) >=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

(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) 85.97

1. Piotroski 6.0pt

2. FCF Yield 17.86%

3. FCF Margin data missing

4. Debt/Equity 0.37

5. Debt/Ebitda 0.29

6. ROIC - WACC (= 13.06)%

7. RoE 30.67%

8. Rev. Trend 95.45%

9. EPS Trend 58.85%

What is the price of FUTU shares?

As of November 28, 2025, the stock is trading at USD 169.60 with a total of 935,992 shares traded.
Over the past week, the price has changed by +10.28%, over one month by -6.83%, over three months by -7.79% and over the past year by +101.09%.

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	225.7	33.1%
Analysts Target Price	225.7	33.1%
ValueRay Target Price	204.9	20.8%

FUTU Fundamental Data Overview November 23, 2025

Market Cap HKD = 174.91b (22.49b USD * 7.7778 USD.HKD)
P/E Trailing = 18.0469
P/E Forward = 11.9904
P/S = 1.1832
P/B = 4.5721
Beta = 0.171
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 = 172.63b HKD (174.91b + Debt 13.63b - CCE 15.91b)
Interest Coverage Ratio = 63.85 (Ebit TTM 12.15b / Interest Expense TTM 190.3m)
FCF Yield = 17.86% (FCF TTM 30.83b / Enterprise Value 172.63b)
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 = 0.71 (Enterprise Value 172.63b / 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 = 10.91% (E(174.91b)/V(188.54b) * Re(11.65%) + D(13.63b)/V(188.54b) * Rd(1.62%) * (1-Tc(0.16)))
Discount Rate = 11.65% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -81.65 | Cagr: -1.40%
[DCF Debug] Terminal Value 67.89% ; FCFE base≈30.83b ; Y1≈33.59b ; Y5≈42.31b
Fair Price DCF = 4513 (DCF Value 427.72b / Shares Outstanding 94.8m; 5y FCF grow 10.19% → 3.0% )
EPS Correlation: 58.85 | EPS CAGR: 66.74% | SUE: 2.19 | # QB: 3
Revenue Correlation: 95.45 | Revenue CAGR: 46.05% | SUE: 0.30 | # QB: 0

Additional Sources for FUTU Stock

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