(FUTU) Futu Holdings - NASDAQ
Sector: Financial Services | Industry: Capital Markets | Exchange: NASDAQ (USA) | Market Cap: 13.725m USD | Total Return: -19.8% in 12m
Avg Turnover: 285M
EPS Trend: 81.9%
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-headquartered digital brokerage and wealth management platform founded in 2007 and listed on NASDAQ since March 2019. It operates a dual-brand digital ecosystem through its Futubull and Moomoo platforms, offering retail and institutional clients securities and derivatives trading, margin financing, fund distribution, market data, and a social-investing community called NiuNiu.
Its wealth management offering, distributed under the Money Plus brand, gives clients access to mutual funds, private funds, bonds, and structured products. The companys business model is characteristic of Asias online brokers, which monetize primarily through trading commissions, margin lending interest, and asset-based fees on wealth management products, while leveraging low-cost digital platforms to serve cross-border retail investors.
- Net interest income surges on elevated Hong Kong rates
- Singapore and US expansion diversifies Hong Kong revenue base
- Hong Kong regulators tighten scrutiny on mainland client onboarding
| 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 82.05%; Δ 5.69% > 0.5%) |
| Asset Turnover: 11.25% > 50% (prev 8.40%; Δ 2.85% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT 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: 0.20 (Book Value of Equity 41.2b / Total Liabilities 205b) |
| Altman-Z'' = 2.01 = BBB |
| DSRI: 0.83 (Receivables 102b/77.8b, Revenue 24.0b/15.2b) |
| GMI: 0.94 (GM 82.05% / 87.74%) |
| 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 = -2.85 (Cap -4..+1) = A |
As of June 26, 2026, the stock is trading at USD 98.12 with a total of 1,928,904 shares traded. Over the past week, the price has changed by +1.53%, over one month by -8.90%, over three months by -29.09% and over the past year by -19.82%.
Current recommended Stop Loss: 90.40 (which is 7.9% or 1.2 ATR below the current price).
Futu Holdings has received a consensus analysts rating of 4.63. Therefore, it is recommended to buy FUTU.
- StrongBuy: 14
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 161.9 | 65% |
Market Cap HKD = 108b (13.7b USD * 7.8398 USD.HKD)
P/E Trailing = 10.8057
P/E Forward = 8.15
P/S = 0.6153
P/B = 2.6112
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 = 107b HKD (108b + Debt 23.1b - CCE 23.6b)
Interest Coverage Ratio = unknown (Ebit TTM 14.9b / Interest Expense TTM 0.0)
EV/FCF = 2.63x (Enterprise Value 107b / FCF TTM 40.7b)
FCF Yield = 38.05% (FCF TTM 40.7b / Enterprise Value 107b)
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 = 0.43 (Enterprise Value 107b / Total Assets 246b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 23.1b)
Taxrate = 19.86% (2.48b / 12.5b)
NOPAT = 12.0b (EBIT 14.9b * (1 - 19.86%))
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 = 19.04% (NOPAT 12.0b / Invested Capital 62.8b)
WACC = 10.29% (E(108b)/V(131b) * Re(12.50%) + D(23.1b)/V(131b) * Rd(0.0%) * (1-Tc(0.20)))
Discount Rate = 12.50% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.88 | Cagr: 0.82%
[DCF] Terminal Value 71.96% ; FCFF base≈36.8b ; Y1≈42.2b ; Y5≈62.0b
[DCF] Fair Price = 7.27k (EV 695b - Net Debt -538.3m = Equity 696b / Shares 95.8m; r=10.29% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 81.92 | EPS CAGR: 49.31% | 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=25.85 | Chg30d=N/A | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=30.24 | Chg30d=-3.61% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=71.14 | Chg30d=-25.43% | Revisions=-67% | GrowthEPS=-13.7% | GrowthRev=+3.4%
EPS next Year (2027-12-31): EPS=95.86 | Chg30d=-11.90% | Revisions=-69% | GrowthEPS=+34.8% | GrowthRev=+8.0%
[Analyst] Revisions Ratio: -69%