Futu Holdings Limited

NasdaqGM:FUTU Stock Report

Market Cap: US$11.4b

Futu Holdings Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 FUTU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FUTU ($80.52) is trading below our estimate of fair value ($112.24)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FUTU. This is calculated by dividing FUTU's market cap by their current earnings.
What is FUTU's PE Ratio?
PE Ratio19.4x
EarningsHK$4.45b
Market CapHK$88.71b

Price to Earnings Ratio vs Peers

How does FUTU's PE Ratio compare to its peers?

The above table shows the PE ratio for FUTU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.5x
SF Stifel Financial
17.7x13.1%US$10.9b
HLI Houlihan Lokey
36.1x15.6%US$12.1b
EVR Evercore
33x35.4%US$11.2b
FRHC Freedom Holding
23.3xn/aUS$7.9b
FUTU Futu Holdings
19.4x22.7%US$11.4b

Price-To-Earnings vs Peers: FUTU is good value based on its Price-To-Earnings Ratio (19.4x) compared to the peer average (27.5x).

Price to Earnings Ratio vs Industry

How does FUTU's PE Ratio compare vs other companies in the US Capital Markets Industry?

20 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ADX Adams Diversified Equity Fund
3.6xn/aUS$2.29b
CET Central Securities
4.4xn/aUS$1.30b
GAM General American Investors Company
4.2xn/aUS$1.20b
MUDS Mudrick Capital Acquisition Corporation II
3.4xn/aUS$401.64m
FUTU 19.4xIndustry Avg. 23.4xNo. of Companies71PE020406080100+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FUTU is good value based on its Price-To-Earnings Ratio (19.4x) compared to the US Capital Markets industry average (23.8x).

Price to Earnings Ratio vs Fair Ratio

What is FUTU'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.

FUTU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.4x
Fair PE Ratio24x

Price-To-Earnings vs Fair Ratio: FUTU is good value based on its Price-To-Earnings Ratio (19.4x) compared to the estimated Fair Price-To-Earnings Ratio (24x).

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 FUTU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$80.52
US$117.21
+45.6%
19.0%US$160.04US$68.65n/a15
Dec ’25US$87.23
US$117.21
+34.4%
19.0%US$160.04US$68.65n/a15
Nov ’25US$95.08
US$105.10
+10.5%
37.0%US$187.82US$50.64n/a15
Oct ’25US$107.54
US$82.50
-23.3%
13.0%US$90.79US$50.61n/a16
Sep ’25US$63.56
US$81.65
+28.5%
12.8%US$90.51US$50.68n/a16
Aug ’25US$59.69
US$84.08
+40.9%
14.2%US$99.97US$50.61n/a16
Jul ’25US$64.17
US$82.61
+28.7%
15.7%US$100.06US$50.66n/a17
Jun ’25US$75.14
US$82.47
+9.8%
15.8%US$99.88US$50.57n/a17
May ’25US$64.10
US$69.19
+7.9%
13.9%US$85.93US$48.10n/a17
Apr ’25US$56.70
US$69.19
+22.0%
14.4%US$86.01US$48.15n/a16
Mar ’25US$55.57
US$68.19
+22.7%
16.6%US$85.81US$45.87n/a16
Feb ’25US$46.90
US$68.19
+45.4%
16.6%US$85.81US$45.87n/a16
Jan ’25US$54.63
US$68.22
+24.9%
19.5%US$89.94US$40.07n/a16
Dec ’24US$54.43
US$68.34
+25.6%
19.5%US$90.07US$40.13US$87.2316
Nov ’24US$55.75
US$64.84
+16.3%
19.3%US$85.97US$40.00US$95.0816
Oct ’24US$57.81
US$65.17
+12.7%
20.5%US$85.99US$40.00US$107.5417
Sep ’24US$63.39
US$64.20
+1.3%
21.2%US$85.98US$33.92US$63.5617
Aug ’24US$59.88
US$59.22
-1.1%
25.2%US$86.01US$32.30US$59.6917
Jul ’24US$39.74
US$58.09
+46.2%
23.5%US$82.39US$32.14US$64.1717
Jun ’24US$38.21
US$57.62
+50.8%
23.3%US$82.42US$32.16US$75.1418
May ’24US$43.51
US$59.73
+37.3%
21.4%US$82.20US$26.82US$64.1018
Apr ’24US$51.85
US$59.66
+15.1%
21.4%US$82.20US$26.82US$56.7018
Mar ’24US$49.12
US$59.29
+20.7%
27.8%US$97.62US$26.82US$55.5718
Feb ’24US$55.98
US$58.96
+5.3%
28.6%US$97.87US$26.89US$46.9018
Jan ’24US$40.65
US$63.12
+55.3%
23.5%US$97.75US$26.97US$54.6318
Dec ’23US$60.95
US$62.02
+1.8%
14.7%US$77.63US$40.17US$54.4316

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.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 02:05
End of Day Share Price 2024/12/30 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. 12 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