Futu Holdings Ltd. (FUTU) intrinsic value & 10-year financials
Futu Holdings Ltd. (FUTU) has a Graham intrinsic value of $333.15 per share. Over the last 10 fiscal years revenue grew 65.8% a year to $10.6B, with an average return on invested capital of 11.7%.
- Graham intrinsic value
- $333.15
- Revenue (FY2025)
- $10.6B
- Revenue growth (10-yr CAGR)
- 65.8%
- ROIC (10-yr avg)
- 11.7%
- Free cash flow (FY2025)
- $40.7B
FUTU 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $10.6B | $11.3B | $10.03 | $40.7B | 133.2% | 50.3% |
| FY2024 | $6.0B | $5.4B | $4.86 | $30.8B | 109.5% | 30.9% |
| FY2023 | $3.9B | $4.3B | $3.82 | -$6.4B | 126.9% | 23.9% |
| FY2022 | $4.0B | $2.9B | $2.54 | $3.4B | 83.8% | 18.1% |
| FY2021 | $3.9B | $2.8B | $2.30 | $5.9B | 81.4% | 23.4% |
| FY2020 | $2.0B | $1.3B | $1.26 | $20.4B | 72.9% | 17.8% |
| FY2019 | $511.4M | $165.7M | $0.16 | $1.9B | 34.9% | 13.9% |
| FY2018 | $408.0M | $138.5M | $0.07 | $4.5B | 49.2% | -72.3% |
| FY2017 | $184.9M | -$8.1M | -$0.14 | $1.8B | 1.8% | -0.8% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Futu Holdings Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Futu Holdings Ltd has earned high returns on invested capital, averaging 27.4% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Futu Holdings Ltd capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Futu Holdings Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $333.15 per share.