Futu Holdings Limited
Find Ratings ReportsFUTU HOLDINGS LIMITED's gross profit margin for the third quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its subsector. FUTU HOLDINGS LIMITED has average liquidity. Currently, the Quick Ratio is 1.30 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 16.84% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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Income Statement | Q3 FY23 | Q3 FY22 |
---|---|---|
Net Sales ($mil) | 338.9 | 247.73 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | 205.72 | 128.74 |
Net Income ($mil) | 139.58 | 96.09 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 6629.06 | 7588.8 |
Total Assets ($mil) | 12340.76 | 12487.06 |
Total Debt ($mil) | 666.85 | 861.23 |
Equity ($mil) | 3004.7 | 2571.54 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 94.39 | 91.09 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | 60.7 | 51.97 |
Sales Turnover | 0.1 | 0.07 |
Return on Assets | 4.53 | 2.51 |
Return on Equity | 18.61 | 12.22 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 1.3 | 1.24 |
Debt/Capital | 0.18 | 0.25 |
Interest Expense | 36.9 | 5.69 |
Interest Coverage | 5.57 | 22.62 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 139.66 | 150.38 |
Div / share | 0.0 | 0.0 |
EPS | 1.0 | 0.68 |
Book value / share | 21.52 | 17.1 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1591970.0 | 1756930.0 |
HOLD. FUTU HOLDINGS LIMITED's P/E ratio indicates a significant discount compared to an average of 49.70 for the Securities, Commodity Contracts, Financial Investm subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 2.62 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 3.54. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, FUTU HOLDINGS LIMITED proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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FUTU 14.21 | Peers 49.70 | FUTU NA | Peers 29.90 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. FUTU is trading at a significant discount to its peers. |
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures. Ratio not available. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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FUTU 1.35 | Peers 19.20 | FUTU 0.01 | Peers 1.61 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. FUTU is trading at a significant discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. FUTU trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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FUTU 2.62 | Peers 3.54 | FUTU 84.65 | Peers 71.14 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. FUTU is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. FUTU is expected to have an earnings growth rate that exceeds its peers. |
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Price/Sales |
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Sales Growth |
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FUTU 6.19 | Peers 5.47 | FUTU 43.93 | Peers 38.40 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. FUTU is trading at a premium to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. FUTU has a sales growth rate that exceeds its peers. |
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