Futu Holdings Limited

LSE:0FUT Stock Report

Market Cap: US$12.7b

Futu Holdings Valuation

Is 0FUT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0FUT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$122.62
Fair Value
21.7% undervalued intrinsic discount
14
Number of Analysts

Below Fair Value: 0FUT ($96.03) is trading below our estimate of fair value ($122.62)

Significantly Below Fair Value: 0FUT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0FUT?

Key metric: As 0FUT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0FUT. This is calculated by dividing 0FUT's market cap by their current earnings.
What is 0FUT's PE Ratio?
PE Ratio23.4x
EarningsHK$4.45b
Market CapHK$99.30b

Price to Earnings Ratio vs Peers

How does 0FUT's PE Ratio compare to its peers?

The above table shows the PE ratio for 0FUT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.5x
IGG IG Group Holdings
9.9x1.5%UK£3.6b
TCAP TP ICAP Group
20.5x21.4%UK£2.0b
AJB AJ Bell
22.4x9.1%UK£1.9b
PLUS Plus500
9.4x0.4%UK£2.1b
0FUT Futu Holdings
23.4x23.4%US$12.7b

Price-To-Earnings vs Peers: 0FUT is expensive based on its Price-To-Earnings Ratio (23.4x) compared to the peer average (15.5x).

Price to Earnings Ratio vs Industry

How does 0FUT's PE Ratio compare vs other companies in the GB Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PNIX Phoenix Digital Assets
1.3xn/aUS$35.24m
IX. i(x) Net Zero
0.1xn/aUS$8.94m
APQ APQ Global
0.5xn/aUS$6.38m
HRIP Hot Rocks Investments
1.8xn/aUS$596.50k
No more companies available in this PE range
0FUT 23.4xIndustry Avg. 11.7xNo. of Companies14PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0FUT is expensive based on its Price-To-Earnings Ratio (23.4x) compared to the UK Capital Markets industry average (11.7x).

Price to Earnings Ratio vs Fair Ratio

What is 0FUT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0FUT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.4x
Fair PE Ratio30.2x

Price-To-Earnings vs Fair Ratio: 0FUT is good value based on its Price-To-Earnings Ratio (23.4x) compared to the estimated Fair Price-To-Earnings Ratio (30.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0FUT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$96.03
US$120.88
+25.9%
15.5%US$160.30US$95.18n/a14
Jan ’26US$80.66
US$120.88
+49.9%
15.5%US$160.30US$95.18n/a14
Dec ’25US$87.18
US$117.21
+34.4%
18.9%US$160.04US$68.68n/a15
Nov ’25US$95.30
US$105.10
+10.3%
37.0%US$187.82US$50.64n/a15
Oct ’25US$104.49
US$82.50
-21.0%
13.0%US$90.79US$50.61n/a16
Sep ’25US$63.78
US$81.66
+28.0%
12.8%US$90.51US$50.68n/a16
Aug ’25US$59.62
US$84.08
+41.0%
14.2%US$99.97US$50.61n/a16
Jul ’25US$64.65
US$82.61
+27.8%
15.7%US$100.06US$50.66n/a17
Jun ’25US$75.01
US$82.47
+9.9%
15.8%US$99.88US$50.57n/a17
May ’25US$63.96
US$69.19
+8.2%
13.9%US$85.93US$48.10n/a17
Apr ’25US$54.90
US$69.19
+26.0%
14.4%US$86.01US$48.15n/a16
Mar ’25US$55.89
US$68.19
+22.0%
16.6%US$85.81US$45.87n/a16
Feb ’25US$46.88
US$68.19
+45.5%
16.6%US$85.81US$45.87n/a16
Jan ’25US$54.85
US$68.22
+24.4%
19.5%US$89.94US$40.07US$80.6616
Dec ’24US$54.73
US$68.34
+24.9%
19.5%US$90.07US$40.13US$87.1816
Nov ’24US$55.26
US$64.84
+17.3%
19.3%US$85.97US$40.00US$95.3016
Oct ’24US$58.12
US$65.17
+12.1%
20.5%US$85.99US$40.00US$104.4917
Sep ’24US$63.79
US$64.20
+0.6%
21.2%US$85.98US$33.92US$63.7817
Aug ’24US$59.81
US$59.22
-1.0%
25.2%US$86.01US$32.30US$59.6217
Jul ’24US$39.77
US$58.09
+46.1%
23.5%US$82.39US$32.14US$64.6517
Jun ’24US$38.90
US$57.62
+48.1%
23.3%US$82.42US$32.16US$75.0118
May ’24US$43.30
US$59.73
+37.9%
21.4%US$82.20US$26.82US$63.9618
Apr ’24US$52.13
US$59.66
+14.4%
21.4%US$82.20US$26.82US$54.9018
Mar ’24US$49.03
US$59.29
+20.9%
27.8%US$97.62US$26.82US$55.8918
Feb ’24US$53.76
US$58.96
+9.7%
28.6%US$97.87US$26.89US$46.8818
Jan ’24US$40.08
US$63.12
+57.5%
23.5%US$97.75US$26.97US$54.8518
Analyst Price Target
Consensus Narrative from 14 Analysts
US$119.51
Fair Value
19.7% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/24 23:50
End of Day Share Price 2025/01/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Futu Holdings Limited is covered by 25 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Emma XuBofA Global Research
Zeyu YaoChina International Capital Corporation Limited
Han PuChina International Capital Corporation Limited