Valuation
26% of the score
100median 13
Futu Holdings Limited is valued at 1x its operating profit, including debt: cheap enough for full points.
25x
20x
15x
10x
6x
1x
Full points at 6x or less, none from 25xfull points
FUTUFutu Holdings Limited
$112.28-39% 1Y
$112.28
$89.7652 weeks$195.90
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 88 out of 100, Strong
Strong. Futu Holdings Limited scores higher than 99% of the 1,794 companies Ryufin scores.
Carried by valuation and return on capital, held back by cycle position.
Financial Services median 58 · all companies 50
Return on capital
18% of the score
100median 34
Over 5 years the business earned 36% a year after tax on the capital it uses.
2%
8%
15%
25%
36%
None at 2% or less, full points from 25%full points
5 years agolatest 62%
Return on new capital
16% of the score
100median 49
For every dollar of operating profit earned over 6 years, yearly profit grew by 24 cents. New capital earned 89%, and 27% of profit went back into the business.
-5%
12%
24%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
66median 64
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countUp 1.5% a year over 5 years: new shares
445%
-3%
1.5%
0 pointsfull points
Assets against salesAssets grew 26% a year, sales 47%
10012%
-2%
-21%
0 pointsfull points
Cycle position
12% of the score
38median 62
Today's operating margin of 62% is 1.33x its normal 46%: above its usual level. Normal is half the 9 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
1.3x
A trough earns points, a peak costs themfull points
9 years agonow 62%
Balance sheet
8% of the score
100median 50
What the debt weighs against the profit that has to carry it.
Interest coverOperating profit covers interest 16x
1001.5x
12x
15.5x
0 pointsfull points
Earnings quality
6% of the score
100median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 3.11x profit over 3 years
1000.7x
1x
1.3x
3.1x
0 pointsfull points
AccrualsCash ran ahead of profit by 15.2% of assets
1008%
0%
-8%
-15%
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there.
Capital Markets
Ranks #1 of 10 by RyuScore