(FUTU) Futu Holdings - Overview
Stock: Securities Brokerage, Digital Platform, Wealth Management, Fund Distribution
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 53.5% |
| Relative Tail Risk | -10.8% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.03 |
| Alpha | 44.77 |
| Character TTM | |
|---|---|
| Beta | 1.505 |
| Beta Downside | 1.968 |
| Drawdowns 3y | |
|---|---|
| Max DD | 40.61% |
| CAGR/Max DD | 1.17 |
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 |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 17.14 > 1.0 |
| NWC/Revenue: 161.0% < 20% (prev 231.6%; Δ -70.64% < -1%) |
| CFO/TA 0.13 > 3% & CFO 31.00b > Net Income 9.82b |
| Net Debt (2.91b) to EBITDA (9.93b): 0.29 < 3 |
| Current Ratio: 1.16 > 1.5 & < 3 |
| Outstanding Shares: last quarter (141.4m) vs 12m ago 0.98% < -2% |
| Gross Margin: 85.29% > 18% (prev 0.81%; Δ 8448 % > 0.5%) |
| Asset Turnover: 10.51% > 50% (prev 7.85%; Δ 2.66% > 0%) |
| Interest Coverage Ratio: 63.85 > 6 (EBITDA TTM 9.93b / Interest Expense TTM 190.3m) |
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 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) |
| Altman-Z'' Score: 1.72 = BBB |
Beneish M -2.68
| DSRI: 0.86 (Receivables 95.02b/61.27b, Revenue 20.33b/11.26b) |
| GMI: 0.95 (GM 85.29% / 81.32%) |
| AQI: 1.02 (AQ_t 0.02 / AQ_t-1 0.02) |
| SGI: 1.81 (Revenue 20.33b / 11.26b) |
| TATA: -0.09 (NI 9.82b - CFO 31.00b) / TA 243.38b) |
| Beneish M-Score: -2.68 (Cap -4..+1) = A |
What is the price of FUTU shares?
Over the past week, the price has changed by +0.57%, over one month by -1.63%, over three months by -14.30% and over the past year by +62.26%.
Is FUTU a buy, sell or hold?
- StrongBuy: 10
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the FUTU price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 228.6 | 40.6% |
| Analysts Target Price | 228.6 | 40.6% |
| ValueRay Target Price | 201.8 | 24.1% |
FUTU Fundamental Data Overview January 25, 2026
P/E Trailing = 18.1222
P/E Forward = 15.949
P/S = 1.1841
P/B = 4.8242
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 = 173.56b HKD (175.84b + Debt 13.63b - CCE 15.91b)
Interest Coverage Ratio = 63.85 (Ebit TTM 12.15b / Interest Expense TTM 190.3m)
EV/FCF = 5.63x (Enterprise Value 173.56b / FCF TTM 30.83b)
FCF Yield = 17.76% (FCF TTM 30.83b / Enterprise Value 173.56b)
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 173.56b / 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 = 5.08% (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 = 10.73% (E(175.84b)/V(189.47b) * Re(11.46%) + D(13.63b)/V(189.47b) * Rd(1.62%) * (1-Tc(0.16)))
Discount Rate = 11.46% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.84%
[DCF Debug] Terminal Value 70.33% ; FCFF base≈30.83b ; Y1≈33.59b ; Y5≈42.21b
Fair Price DCF = 4966 (EV 473.56b - Net Debt 2.91b = Equity 470.65b / Shares 94.8m; r=10.73% [WACC]; 5y FCF grow 10.19% → 2.90% )
EPS Correlation: 6.25 | EPS CAGR: -38.28% | SUE: -4.0 | # QB: 0
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=88.98 | Chg30d=+0.791 | Revisions Net=+8 | Growth EPS=+13.5% | Growth Revenue=+8.9%