Futu Holdings Ltd - Understand $futu stock

$FUTU Market Cap: $3.833 Billion

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Financial Snapshot

Revenue

$9.589B

TTM

Gross Margin

88.41%

TTM

Net Earnings

$4.281B

TTM

Current Assets

$95.43B

Q4 2023

Current Liabilities

$72.43B

Q4 2023

Current Ratio

131.75%

Q4 2023

Total Assets

$97.14B

Q4 2023

Total Liabilities

$72.57B

Q4 2023

Book Value

$24.57B

Q4 2023

Cash

$4.938B

Q4 2023

P/E

0.8954

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$10.01B	$976.0M	$7.115B	$3.311B	$1.062B	$811.3M	$311.7M	$87.00M
YoY Change	925.49%	-86.28%	114.91%	211.87%	30.85%	160.28%	258.28%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$10.01B	$976.0M	$7.115B	$3.311B	$1.062B	$811.3M	$311.7M	$87.00M
Cost Of Revenue	$1.536B	$127.7M	$1.206B	$696.0M	$281.7M	$249.6M	$109.1M	$45.10M
Gross Profit	$8.472B	$848.3M	$5.909B	$2.615B	$779.9M	$561.7M	$202.6M	$41.90M
Gross Profit Margin	84.65%	86.92%	83.05%	78.98%	73.46%	69.23%	65.0%	48.16%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$2.024B	$234.2M	$1.921B	$633.7M	$329.6M	$201.9M	$98.70M	$91.00M
YoY Change	764.23%	-87.81%	203.16%	92.26%	63.25%	104.56%	8.46%
% of Gross Profit	23.89%	27.61%	32.51%	24.23%	42.26%	35.94%	48.72%	217.18%
Research & Development	$1.441B	$156.6M	$805.3M	$513.3M	$262.3M	$151.1M	$95.50M	$61.60M
YoY Change	819.84%	-80.55%	56.89%	95.69%	73.59%	58.22%	55.03%
% of Gross Profit	17.01%	18.47%	13.63%	19.63%	33.63%	26.9%	47.14%	147.02%
Depreciation & Amortization	$60.85M	$7.013M	$36.44M	$27.00M	$17.00M	$8.000M	$4.000M	$4.000M
YoY Change	767.66%	-80.75%	34.95%	58.82%	112.5%	100.0%	0.0%
% of Gross Profit	0.72%	0.83%	0.62%	1.03%	2.18%	1.42%	1.97%	9.55%
Operating Expenses	$3.465B	$390.8M	$2.726B	$1.147B	$591.9M	$353.0M	$194.3M	$152.6M
YoY Change	786.52%	-85.67%	137.7%	93.78%	67.68%	81.68%	27.33%
Operating Profit	$5.007B	$3.359B	$3.183B	$1.468B	$188.0M	$208.7M	$8.300M	-$110.7M
YoY Change	49.09%	5.52%	116.83%	680.8%	-9.92%	2414.46%	-107.5%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	$910.8M	$292.5M	$376.9M	-$300.0K	-$500.0K
YoY Change	211.37%	-22.39%	-125734.0%	-40.0%
% of Operating Profit	18.19%	8.71%	11.84%	-0.02%	-0.27%
Other Income/Expense, Net	$33.44M	-$26.96M	$2.478M	-$17.20M	-$9.500M	-$8.000M	-$4.900M	-$1.100M
YoY Change	-224.06%	-1187.81%	-114.41%	81.05%	18.75%	63.27%	345.45%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	$5.041B	$430.5M	$3.185B	$1.450B	$178.0M	$200.8M	$3.400M	-$111.7M
YoY Change	1070.92%	-86.48%	119.63%	714.78%	-11.35%	5805.88%	-103.04%
Income Tax	$748.5M	$414.0M	$375.1M	$124.8M	$12.30M	$62.30M	$11.50M	-$13.30M
% Of Pretax Income	14.85%	96.16%	11.78%	8.61%	6.91%	31.03%	338.24%
Net Earnings	$4.281B	$375.2M	$2.810B	$1.326B	$165.7M	$138.5M	-$8.100M	-$98.50M
YoY Change	1041.18%	-86.65%	112.01%	699.94%	19.64%	-1809.88%	-91.78%
Net Earnings / Revenue	42.78%	38.44%	39.5%	40.04%	15.61%	17.07%	-2.6%	-113.22%
Basic Earnings Per Share	$3.88	$2.57	$2.34	$1.28
Diluted Earnings Per Share	$3.82	$2.54	$2.304M	$1.262M	$180.5K	$159.4K	-$9.322K	-$113.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$52.56B	$55.75B	$60.57B	$43.52B	$14.90B	$11.99B	$7.552B	$3.524B
YoY Change	-5.72%	-7.96%	39.16%	192.04%	24.33%	58.73%	114.3%
Cash & Equivalents	$4.938B	$5.029B	$4.555B	$1.035B	$363.0M	$216.0M	$375.0M	$179.0M
Short-Term Investments	$3.253B	$50.72B	$1.276B	$300.0M	$94.00M	$59.00M	$0.00
Other Short-Term Assets	$191.4M	$137.8M	$75.44M	$11.00M	$12.00M	$9.000M	$4.000M	$5.000M
YoY Change	38.86%	82.72%	585.8%	-8.33%	33.33%	125.0%	-20.0%
Inventory
Prepaid Expenses
Receivables	$9.996B	$9.574B	$10.38B	$7.779B	$1.794B	$771.0M	$388.0M	$813.0M
Other Receivables	$32.68B	$26.93B	$29.69B	$298.0M	$0.00	$0.00	$7.000M	$1.000M
Total Short-Term Assets	$95.43B	$92.39B	$100.7B	$51.95B	$16.87B	$12.89B	$7.955B	$4.343B
YoY Change	3.29%	-8.25%	93.86%	208.0%	30.83%	62.06%	83.17%
Property, Plant & Equipment	$224.1M	$342.7M	$419.6M	$317.0M	$279.0M	$23.00M	$13.00M	$8.000M
YoY Change	-34.61%	-18.33%	32.37%	13.62%	1113.04%	76.92%	62.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$238.6M	$914.5M	$23.39M	$300.0M	$100.0M	$59.00M	$0.00	$2.000M
YoY Change	-73.91%	3809.08%	-92.2%	200.0%	69.49%		-100.0%
Other Assets	$1.227B	$717.1M	$375.8M	$17.00M	$2.000M	$21.00M	$16.00M	$20.00M
YoY Change	71.07%	90.81%	2110.76%	750.0%	-90.48%	31.25%	-20.0%
Total Long-Term Assets	$1.708B	$2.113B	$836.1M	$19.39B	$4.534B	$3.171B	$2.969B	$174.0M
YoY Change	-19.16%	152.77%	-95.69%	327.68%	42.98%	6.8%	1606.32%
Total Assets	$97.14B	$94.50B	$101.5B	$71.34B	$21.40B	$16.06B	$10.92B	$4.517B
YoY Change
Accounts Payable	$64.43B	$69.39B	$67.12B	$50.93B	$16.92B	$13.23B	$8.355B	$4.152B
YoY Change	-7.15%	3.39%	31.8%	200.91%	27.94%	58.32%	101.23%
Accrued Expenses	$2.098B	$1.022B	$852.7M	$697.0M	$350.0M	$83.00M	$41.00M	$16.00M
YoY Change	105.26%	19.86%	22.33%	99.14%	321.69%	102.44%	156.25%
Deferred Revenue
YoY Change
Short-Term Debt	$5.652B	$2.481B	$10.83B	$10.94B	$1.469B	$1.576B	$1.542B	$161.0M
YoY Change	127.84%	-77.09%	-1.01%	644.45%	-6.79%	2.2%	857.76%
Long-Term Debt Due		$109.4M
YoY Change
Total Short-Term Liabilities	$72.43B	$73.53B	$80.38B	$62.81B	$18.68B	$14.96B	$9.973B	$4.346B
YoY Change	-1.49%	-8.53%	27.97%	236.25%	24.83%	50.04%	129.48%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$32.00M
YoY Change							-100.0%
Other Long-Term Liabilities	$135.5M	-$4.853B	$174.0M	$82.00M	$24.00M	$18.00M	$14.00M	$8.000M
YoY Change	-102.79%	-2889.0%	112.22%	241.67%	33.33%	28.57%	75.0%
Total Long-Term Liabilities	$135.5M	-$4.853B	$174.0M	$82.00M	$24.00M	$18.00M	$14.00M	$40.00M
YoY Change	-102.79%	-2889.0%	112.22%	241.67%	33.33%	28.57%	-65.0%
Total Liabilities	$72.57B	$73.64B	$80.55B	$63.03B	$18.85B	$14.96B	$9.973B	$4.379B
YoY Change	-1.46%	-8.58%	27.8%	234.36%	25.98%	50.04%	127.75%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	1.105B	1.139B	1.201B	1.037B
Diluted Shares Outstanding	1.120B	1.151B	1.220B	1.050B
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $3.8333 Billion

About Futu Holdings Ltd

Futu Holdings Ltd. is an advanced technology company, which engages in providing fully digitalized financial services. The company employs 3,213 full-time employees The company went IPO on 2019-03-08. The firm is involved in the provision of online brokerage services and margin financing services through software and websites. The firm mainly provides investing services through its digital brokerage platform under the name of Futu NiuNiu. The Company’s service offerings include trade executions and margin financings, which allow its clients to trade securities across markets, such as stocks, warrants, options and exchange traded funds (ETFs). In addition, the Company also provides financial information and online community services.

Industry: Security Brokers, Dealers & Flotation Companies Peers: China Finance Online Co. LTD UP Fintech Holding Ltd