Futu Holdings Stock Fair Value Calculation – FUTU HOLDINGS Reports Q2 Earnings Results for FY2023 as of June 30 2023
August 31, 2023
🌥️Earnings Overview
FUTU HOLDINGS ($NASDAQ:FUTU) reported their second quarter earnings results for the fiscal year ending 2023 on August 24th, 2023. Total revenue for the quarter was HKD 2110.3 million, a 37.1% increase year-over-year. Net income also saw an impressive 74.5% surge compared to the same quarter of last year, coming in at HKD 1119.7 million.
Share Price
FUTU HOLDINGS reported their earnings results for the quarter ending in June 30 2023 on Thursday, revealing a 1.2% increase in stock prices from their prior closing rate of 48.8. The company’s stock opened at $48.1 and closed at $49.4, resulting in somewhat stronger-than-expected returns. Overall, FUTU HOLDINGS’ robust performance during the quarter has been met with positive reception by investors and analysts alike. The company has consistently been able to benefit from its expansive platform and its ever-growing customer base, and these earnings results prove that FUTU HOLDINGS is well on its way to achieving long-term success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Futu Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 7.99k | 4.03k | 50.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Futu Holdings. More…
| Operations | Investing | Financing |
| 3.47k | 93.86 | -7.01k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Futu Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 104.38k | 81.96k | 160.57 |
Key Ratios Snapshot
Some of the financial key ratios for Futu Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 82.4% | – | – |
| FCF Margin | ROE | ROA |
| 42.4% | 13.2% | 2.8% |
Analysis – Futu Holdings Stock Fair Value Calculation
GoodWhale has conducted an analysis of FUTU HOLDINGS‘ wellbeing, and we have determined the fair value of FUTU HOLDINGS to be around $101.9. This price was determined through our proprietary Valuation Line. Currently, FUTU HOLDINGS is trading at $49.4 which is undervalued by 51.5%. This was a great opportunity for investors to buy FUTU HOLDINGS at a discount. More…
Peers
The competition between Futu Holdings Ltd and its competitors, Excalibur Global Financial Holdings Ltd, TOP Financial Group Ltd, and Interactive Brokers Group Inc, is fierce. As these companies strive to provide the best services and products to their customers, they must constantly be looking for new ways to stay ahead of the competition. Each company brings unique strengths and weaknesses to the table, making the competition even more dynamic.
– Excalibur Global Financial Holdings Ltd ($SEHK:08350)
Excalibur Global Financial Holdings Ltd is a financial services company with a market capitalization of 120M as of 2022. The company provides a range of services, including asset management, investment banking, and wealth management. Despite the company’s impressive portfolio of services, its Return on Equity (ROE) has been negative, registering -166.06%. This suggests that the company has not been able to generate sufficient profits to cover its investments. The company’s negative ROE may be caused by a number of factors, including a lack of liquidity or an overly aggressive investment strategy. Moving forward, Excalibur Global Financial Holdings Ltd will need to focus on increasing its profitability if it is to remain competitive in a highly competitive market.
– TOP Financial Group Ltd ($NASDAQ:TOP)
Top Financial Group Ltd is a publicly listed financial services provider based in Hong Kong. Founded in 1972, the company provides a range of services including retail banking, wealth management, corporate finance, online banking and securities trading to their customers. As of 2022, the company has a market capitalization of 164.38M and a return on equity (ROE) of 25.13%. The company’s market cap indicates its current share price multiplied by the total number of outstanding shares and provides a measure of the size of the company. The high ROE indicates that Top Financial Group is utilizing its resources efficiently and effectively to generate income. This is a strong indicator of the company’s financial health and performance in the market.
– Interactive Brokers Group Inc ($NASDAQ:IBKR)
Interactive Brokers Group Inc is a global electronic trading and financial services company. Founded in 1977, the company’s brokerage operations are supported by a network of 19 international subsidiaries and offer customers direct access to stocks, options, futures, forex, bonds, and funds worldwide from a single IBKR integrated account. As of 2022, the company has a market capitalization of 7.15 billion and a Return on Equity of 44.51%. This impressive market cap and high ROE reflect the company’s commitment to delivering superior value to its customers. Interactive Brokers Group Inc is a global leader in the electronic trading of securities and commodities, providing innovative technology and services to both retail and institutional investors.
Summary
Investors in FUTU HOLDINGS should be pleased with their second quarter of FY2023 earnings results, as the company continues to experience strong growth. Total revenue saw a 37.1% year-over-year increase, reaching HKD 2110.3 million. Net income was also significantly increased by 74.5% compared to the same period a year ago, reaching HKD 1119.7 million. This is a positive sign that FUTU HOLDINGS is continuing to expand its business and deliver good results for its investors.
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