Futu Holdings Stock Fair Value – FUTU HOLDINGS Reveals Q2 FY2023 Financial Results on August 24th
August 27, 2023
🌥️Earnings Overview
On August 24 2023, FUTU HOLDINGS ($NASDAQ:FUTU) released its financial results for the second quarter of FY2023, ending June 30 2023. Total revenue was HKD 2110.3 million, a growth of 37.1% compared to the same period in the prior year. Net income also increased year over year, reaching HKD 1119.7 million – a 74.5% increase.
Price History
On Thursday, August 24th, FUTU HOLDINGS revealed its financial results for the second quarter of FY2023. The stock opened at $48.1 and closed at $49.4, up by 1.2% from the previous closing price of $48.8. This marks an impressive jump in quarterly revenue for the company, which has been undergoing rapid expansion. This was driven by strong international demand for the company’s products and services, as well as a successful cost-reduction strategy.
FUTU HOLDINGS has also made significant investments in its research and development efforts, particularly in the fields of artificial intelligence and blockchain technology. This focus on innovation has allowed the company to stay ahead of the competition and remain a leader in its industry. As such, the company appears well-positioned to continue delivering strong financial performance in the future. 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
GoodWhale’s proprietary Valuation Line, which measures fundamentals to determine intrinsic value, suggests that the intrinsic value of FUTU HOLDINGS is around $102.0. This indicates that the stock is currently undervalued, as it is trading at $49.4. This means that FUTU HOLDINGS is being traded 51.6% below its fair market value. With GoodWhale, investors can analyze FUTU HOLDINGS’s fundamentals and make an informed decision about whether it is a good investment opportunity. More…
Peers
The competition between Futu Holdings Ltd and its competitors, Excalibur Global Financial Holdings Ltd, TOP Financial Group Ltd, and Interactive Brokers Group Inc, is fierce. As these companies strive to provide the best services and products to their customers, they must constantly be looking for new ways to stay ahead of the competition. Each company brings unique strengths and weaknesses to the table, making the competition even more dynamic.
– Excalibur Global Financial Holdings Ltd ($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
Futu Holdings had a strong performance in the 2nd quarter of FY2023, reporting total revenue of HKD 2110.3 million, a 37.1% increase compared to the same period last year. Net income was even more impressive, rising 74.5% year over year to HKD 1119.7 million. This result indicates that the company is well-positioned to continue its growth trajectory. Investors should be encouraged by Futu Holdings’ solid earnings and the potential for further upside in the future.
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