Futu Holdings Limited Sponsored ADR (FUTU) vs XP Inc. (XP)

Futu Holdings Limited Sponsored ADR and XP Inc. are both Capital Markets companies. Futu Holdings Limited Sponsored ADR and XP Inc. are of similar size ($10.6B and $10.5B). XP Inc. trades at the lower P/E: 10.6× against 10.9×. Futu Holdings Limited Sponsored ADR grew revenue faster over the last twelve months: 44.5% against 18.2%. Futu Holdings Limited Sponsored ADR has the higher net margin (43.0% vs 27.8%) and the lower return on invested capital (0.00% vs 20.5%). Across the 21 metrics below, Futu Holdings Limited Sponsored ADR leads on 12 and XP Inc. on 9.

Valuation

Metric FUTU XP Capital Markets median
P/E 10.92 10.63 15.78
P/S 4.67 2.91 2.32
P/B 3.10 2.14 1.89
Price to free cash flow 1.82 4.47 6.25
EV/EBITDA n/m 7.28 8.87
EV/Sales (0.67) 2.58 2.28
Earnings yield 9.15% 9.41% (3.77%)
Free cash flow yield 55.07% 22.36% (1.49%)

Profitability

Metric FUTU XP Capital Markets median
Gross margin 87.43% 100.00% 62.80%
Operating margin 61.96% 33.63% 0.00%
Net margin 42.96% 27.84% (0.55%)
Free cash flow margin 0.00% 65.15% 0.00%
Return on equity 30.88% 22.76% 0.00%
Return on assets 4.56% 1.37% 0.00%
Return on invested capital 0.00% 20.52% 0.00%

Growth

Metric FUTU XP Capital Markets median
Revenue growth (TTM) 44.52% 18.17% 21.02%
EPS growth (last fiscal year) 105.79% 13.73% —
Revenue growth, 5-year CAGR 47.04% 15.82% 18.16%
Net income growth, 5-year CAGR 53.49% 18.11% 0.00%

Health

Metric FUTU XP Capital Markets median
Debt to equity 0.40 0.07 0.08
Current ratio 1.13 4.80 1.51
Net debt to EBITDA (7.93) (1.52) (0.24)

Dividend

Metric FUTU XP Capital Markets median
Dividend yield — 3.47% 2.20%
Payout ratio 0.00 0.00 0.00

Size

Metric FUTU XP Capital Markets median
Market cap 10.52b 10.61b 724.58m

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