Futu Holdings Ltd - ADR
FUTU
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+ FollowMarket Cap$14.52B
Close$
Earnings Call Q4 2025
March 12, 2026 - AI Summary
Strong Client Acquisition Growth: Futu added over 950,000 net funded accounts in 2025, surpassing its full-year guidance by 19%. Total funded accounts reached approximately 3.4 million, marking a 40% year-over-year increase. The company aims to add 800,000 net new funded accounts in 2026, expecting continued growth in established markets like Hong Kong and Malaysia.
Robust Financial Performance: In Q4 2025, total revenues surged to HKD 6.4 billion, up 45% year-over-year, with full-year revenue growing by 68% to HKD 22.8 billion. Net income rose by 80% year-over-year to HKD 3.4 billion, benefiting from strong brokerage income and interest revenue driven by higher trading volumes and margin financing.
Challenges in Market Conditions: The fourth quarter experienced a downturn in client growth in Hong Kong, attributed to a significant pullback in the local stock market. Trading activity showed a decline in Hong Kong stock trading volume by 31% quarter-over-quarter, with investor sentiment affected by volatility in Chinese technology stocks.
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$303.63
215.6% upside
Current Fair Value
215.6% upsideUndervalued by 215.6% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $14.52 Billion |
|---|---|
| Enterprise Value | $20.54 Billion |
| Dividend Yield | $2.60 (2.50%) |
| Earnings per Share | $81.28 |
| Beta | 0.51 |
| Outstanding Shares | 140,181,658 |
Return
| Return on Equity | 24.39% |
|---|---|
| Return on Assets | 4.08% |
| Return on Invested Capital | 35.32% |
Valuation & Multiples
| P/E Ratio | 11.38 |
|---|---|
| PEG | -18.86 |
| Price to Sales | 0.56 |
| Price to Book Ratio | 0.33 |
| Enterprise Value to Revenue | 0.86 |
| Enterprise Value to EBIT | 1.39 |
| Enterprise Value to Net Income | 2 |
| Total Debt to Enterprise | 1.1 |
| Debt to Equity | 0.55 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
May 28, 2026
EPS Estimate
$2.89
Average shareholder expectationRevenue Estimate
$761.35 M
Average shareholder expectationNext Earnings Call
Expected Date
June 4, 2026
EPS Estimate
$2.91
Average shareholder expectationRevenue Estimate
$761.35 M
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 1.3646▲ 40.80% |
|---|---|
| Total Calls | 1,673,349▼ 67.25% |
| Total Puts | 2,283,400▼ 53.29% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 29.62%▼ 0.32% |
|---|---|
| Total Invested | $5.61B▼ 18.05% |
| Investors Holding | 396▼ 48.00% |
ESG Score
No data