Futu Holdings Limited (FUTU) Financial Ratios
9 years of historical data (2016–2024) · Financial Services · Financial - Capital Markets
EV/EBITDA
↓
68.39
↑+1268% vs avg
5yr avg: 5.00
30Y Low0.9·High13.9
P/FCF
↑
15.18
↑+1637% vs avg
5yr avg: 0.87
30Y Low0.3·High1.7
P/B Ratio
↓
6.58
↑+1522% vs avg
5yr avg: 0.41
30Y Low0.3·High0.7
ROE
↓
20.7%
↓+7% vs avg
5yr avg: 19.4%
30Y Low9%·High32%
Debt/EBITDA
↓
1.26
↓-69% vs avg
5yr avg: 4.10
30Y Low0.7·High10.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FUTU Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Futu Holdings Limited trades at 33.9x earnings, 1229% above its 5-year average of 2.5x, sitting at the 100th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a premium of 153%. On a free-cash-flow basis, the stock trades at 15.2x P/FCF, 1637% above the 5-year average of 0.9x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $59.7B | $11.2B | $7.6B | $5.8B | $6.6B | $6.0B | $1.2B | — | — | — |
| Enterprise Value | $59.3B | $8.1B | $8.6B | $3.5B | $24.0B | $21.6B | $2.5B | — | — | — |
| P/E Ratio → | 33.86 | 2.06 | 1.79 | 2.00 | 2.35 | 4.54 | 8.06 | — | — | — |
| P/S Ratio | 34.44 | 0.82 | 0.76 | 0.77 | 0.93 | 1.81 | 1.12 | — | — | — |
| P/B Ratio | 6.58 | 0.40 | 0.31 | 0.28 | 0.31 | 0.72 | 0.46 | — | — | — |
| P/FCF | 15.18 | 0.36 | — | 1.73 | 1.11 | 0.29 | 0.64 | — | — | — |
| P/OCF | 15.10 | 0.36 | — | 1.68 | 1.10 | 0.29 | 0.60 | — | — | — |
P/E links to full P/E history page with 30-year chart
FUTU EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Futu Holdings Limited's enterprise value stands at 68.4x EBITDA, 1268% above its 5-year average of 5.0x. The Financial Services sector median is 11.4x, placing the stock at a 499% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.59 | 0.86 | 0.46 | 3.37 | 6.52 | 2.32 | — | — | — |
| EV / EBITDA | 68.39 | 1.19 | 1.66 | 0.94 | 7.25 | 13.95 | 9.70 | — | — | — |
| EV / EBIT | 70.21 | 1.22 | 1.72 | 0.98 | 7.53 | 14.70 | 13.11 | — | — | — |
| EV / FCF | — | 0.26 | — | 1.04 | 4.03 | 1.06 | 1.33 | — | — | — |
FUTU Profitability
Margins and return-on-capital ratios measuring operating efficiency
Futu Holdings Limited earns an operating margin of 48.7%, significantly above the Financial Services sector average of 21.2%. Operating margins have expanded from 46.9% to 48.7% over the past 3 years, signaling improving operational efficiency. ROE of 20.7% indicates solid capital efficiency, compared to the sector median of 9.4%. ROIC of 14.8% represents solid returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.0% | 82.0% | 84.7% | 86.9% | 83.0% | 79.0% | 73.5% | 69.2% | 65.0% | 48.2% |
| Operating Margin | 48.7% | 48.7% | 50.0% | 46.9% | 44.7% | 44.3% | 17.7% | 25.7% | 2.7% | -127.2% |
| Net Profit Margin | 40.1% | 40.1% | 42.8% | 38.4% | 39.5% | 40.0% | 15.6% | 17.1% | -2.6% | -113.2% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.7% | 20.7% | 18.8% | 14.0% | 19.2% | 24.4% | 9.1% | 31.9% | — | — |
| ROA | 4.3% | 4.3% | 4.5% | 3.0% | 3.3% | 2.9% | 0.9% | 1.0% | -0.1% | -2.2% |
| ROIC | 14.8% | 14.8% | 13.9% | 8.1% | 7.0% | 7.6% | 4.1% | 7.1% | 0.7% | -2775.8% |
| ROCE | 25.1% | 25.1% | 21.6% | 17.9% | 23.8% | 26.2% | 8.9% | 17.0% | 1.5% | -64.7% |
FUTU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Futu Holdings Limited carries a Debt/EBITDA ratio of 1.3x, which is manageable (70% below the sector average of 4.1x). The company holds a net cash position — cash of $11.7B exceeds total debt of $8.6B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.31 | 0.31 | 0.24 | 0.13 | 1.04 | 2.00 | 0.64 | 1.43 | — | — |
| Debt / EBITDA | 1.26 | 1.26 | 1.14 | 0.72 | 6.63 | 10.73 | 6.46 | 7.26 | 154.21 | — |
| Net Debt / Equity | — | -0.11 | 0.04 | -0.11 | 0.83 | 1.87 | 0.50 | 1.24 | — | — |
| Net Debt / EBITDA | -0.46 | -0.46 | 0.18 | -0.63 | 5.25 | 10.06 | 5.03 | 6.27 | 124.42 | — |
| Debt / FCF | — | -0.10 | — | -0.69 | 2.92 | 0.76 | 0.69 | 0.31 | 0.85 | 0.01 |
| Interest Coverage | — | — | — | 12.20 | 8.44 | 7.93 | 2.11 | 2.18 | 0.42 | -31.99 |
Net cash position: cash ($11.7B) exceeds total debt ($8.6B)
FUTU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.19x means Futu Holdings Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.58x to 1.19x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.19 | 1.19 | 1.32 | 0.58 | 0.55 | 1.13 | 1.13 | 1.10 | 1.08 | 1.03 |
| Quick Ratio | 1.19 | 1.19 | 1.32 | 0.58 | 0.55 | 1.13 | 1.13 | 1.10 | 1.08 | 1.03 |
| Cash Ratio | 0.09 | 0.09 | 0.07 | 0.07 | 0.05 | 0.02 | 0.02 | 0.01 | 0.04 | 0.04 |
| Asset Turnover | — | 0.09 | 0.10 | 0.08 | 0.07 | 0.05 | 0.05 | 0.05 | 0.03 | 0.02 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — |
FUTU Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Futu Holdings Limited does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 3.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.0% | 48.6% | 55.9% | 50.0% | 42.5% | 22.0% | 12.4% | — | — | — |
| FCF Yield | 6.6% | 275.2% | — | 57.9% | 90.0% | 339.9% | 156.3% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 11.4% | 53.8% | 17.9% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 11.4% | 53.8% | 17.9% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $140M | $140M | $144M | $152M | $131M | $115M | $64M | $111M | $111M |
Peer Comparison
Compare FUTU with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FUTUYou | $60B | 33.9 | 68.4 | 15.2 | 82.0% | 48.7% | 20.7% | 14.8% | 1.3 |
 TIGR | $676M | 19.3 | 3.1 | 0.8 | 65.0% | 35.6% | 10.5% | 13.8% | 1.2 |
 IBKR | $39B | 39.2 | 3.8 | 2.5 | 89.8% | 86.0% | 5.3% | 24.7% | 0.0 |
 HOOD | $71B | 38.6 | 37.8 | 43.9 | 83.3% | 46.8% | 22.0% | 7.9% | 7.1 |
 PFSI | $5B | 9.3 | 18.1 | — | 91.4% | 34.6% | 12.3% | 4.4% | 15.3 |
 SCHW | $164B | 30.8 | 18.3 | 79.9 | 75.4% | 29.6% | 13.3% | 6.0% | 4.9 |
 AMTD | $7M | 0.2 | 6.9 | 1.4 | 45.2% | 48.2% | 3.4% | 1.2% | 8.6 |
 LPL | $5B | 29.2 | 3.6 | 6.6 | 13.1% | 2.0% | 2.8% | 2.0% | 2.5 |
 RJF | $31B | 15.5 | 5.2 | 14.0 | 88.2% | 28.7% | 17.7% | 20.9% | 1.0 |
 NDAQ | $51B | 28.9 | 20.2 | 25.5 | 47.9% | 28.4% | 15.3% | 8.1% | 3.3 |
 ICE | $87B | 26.6 | 16.5 | 20.3 | 61.9% | 38.7% | 11.7% | 7.5% | 3.1 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 9 years · Updated daily
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Start ComparisonFUTU — Frequently Asked Questions
Quick answers to the most common questions about buying FUTU stock.
What is Futu Holdings Limited's P/E ratio?
Futu Holdings Limited's current P/E ratio is 33.9x. The historical average is 3.5x. This places it at the 100th percentile of its historical range.
What is Futu Holdings Limited's EV/EBITDA?
Futu Holdings Limited's current EV/EBITDA is 68.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.8x.
What is Futu Holdings Limited's ROE?
Futu Holdings Limited's return on equity (ROE) is 20.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 19.7%.
Is FUTU stock overvalued?
Based on historical data, Futu Holdings Limited is trading at a P/E of 33.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Futu Holdings Limited's profit margins?
Futu Holdings Limited has 82.0% gross margin and 48.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Futu Holdings Limited have?
Futu Holdings Limited's Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.