Futu Holdings Ltd - ADR
FUTU - Insider Information
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+ FollowMarket Cap$13.8B
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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
210.1% upside
Current Fair Value
210.1% upsideUndervalued by 210.1% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $13.80 Billion |
|---|---|
| Enterprise Value | $23.63 Billion |
| Annual dividend | $2.60 |
| Dividend yield | 2.64% |
| Earnings per Share | $81.28 |
| Beta | 0.38 |
| Outstanding Shares | 138,739,229 |
Return
| Return on Equity | 28.60% |
|---|---|
| Return on Assets | 3.80% |
| Return on Invested Capital | 6.16% |
Valuation & Multiples
| P/E Ratio | 9.67 |
|---|---|
| PEG | 23.14 |
| Price to Sales | 0.53 |
| Price to Book Ratio | 0.35 |
| Enterprise Value to Revenue | 0.91 |
| Enterprise Value to EBIT | 1.45 |
| Enterprise Value to Net Income | 2 |
| Total Debt to Enterprise | 1.2 |
| Debt to Equity | 0.73 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 20, 2026
EPS Estimate
$2.98
Consensus analyst estimateRevenue Estimate
$786.07 M
Consensus analyst estimateNext Earnings Call
Expected Date
November 17, 2026
EPS Estimate
$3.27
Consensus analyst estimateRevenue Estimate
$826.31 M
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 163.05% |
|---|---|
| Total Calls | 300▼ 99.99% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 1.37%▼ 30.51% |
|---|---|
| Total Invested | $210.53M▼ 94.98% |
| Investors Holding | 82▼ 280.00% |