Futong Technology Development Holdings (HKSE:00465) Scaled Net Operating Assets: 0.14 (As of Dec. 2025)


HKSE:00465 Futong Technology Development Holdings Ltd HKSE:00465
26 GF Score
Price HK$3.65
GF Value HK$0.20
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Futong Technology Development Holdings Scaled Net Operating Assets?

Futong Technology Development Holdings HKSE:00465 -1.62% 26 Scaled Net Operating Assets is 0.14 as of Dec. 2025. GuruFocus rates HKSE:00465 with a GF Score™ of 26/100 and a GF Value™ of HK$0.20 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Futong Technology Development Holdings's operating assets for the quarter that ended in Dec. 2025 was HK$99.8 Mil. Futong Technology Development Holdings's operating liabilities for the quarter that ended in Dec. 2025 was HK$58.8 Mil. Futong Technology Development Holdings's Total Assets for the quarter that ended in Jun. 2025 was HK$300.7 Mil. Therefore, Futong Technology Development Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.14.


Futong Technology Development Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Futong Technology Development Holdings's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Futong Technology Development Holdings Scaled Net Operating Assets Chart

Futong Technology Development Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.26 0.15 0.13 0.13

Futong Technology Development Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 0.19 0.14 0.14 0.14

HKSE:00465 vs IBM, ACN, FISV: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, Futong Technology Development Holdings's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Futong Technology Development Holdings Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Futong Technology Development Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Futong Technology Development Holdings's Scaled Net Operating Assets falls into.


HKSE:00465
26GF Score
Futong Technology Development Holdings Ltd HKSE:00465
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Futong Technology Development Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Futong Technology Development Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(99.822-58.762)/327.058
=0.13

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=263.331 - 163.509
=99.822

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=61.931 - 1.641 - 1.528
=58.762

Futong Technology Development Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(99.822-58.762)/300.686
=0.14

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=263.331 - 163.509
=99.822

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=61.931 - 1.641 - 1.528
=58.762

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.14 mean?
Futong Technology Development Holdings (HKSE:00465) has a Scaled Net Operating Assets of 0.14 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Futong Technology Development Holdings and its competitors.
Is Futong Technology Development Holdings' Scaled Net Operating Assets too high?
Futong Technology Development Holdings' current Scaled Net Operating Assets is 0.14. Overall, Futong Technology Development Holdings has a GF Score™ of 26/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Futong Technology Development Holdings' Scaled Net Operating Assets compare to IBM and ACN?
Futong Technology Development Holdings' Scaled Net Operating Assets of 0.14 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Software company?
A good Scaled Net Operating Assets depends on the Software industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Futong Technology Development Holdings and its competitors. Futong Technology Development Holdings's current Scaled Net Operating Assets is 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Futong Technology Development Holdings stock overvalued right now?
Based on GuruFocus' analysis, Futong Technology Development Holdings (HKSE:00465) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.20, compared to a current price of HK$3.65 — trading 1725% above its estimated fair value. The current Scaled Net Operating Assets is 0.14. Futong Technology Development Holdings' overall GF Score™ is 26/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Futong Technology Development Holdings (HKSE:00465), the current Scaled Net Operating Assets is 0.14 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Futong Technology Development Holdings (HKSE:00465) Overvalued in 2026?

Based on GuruFocus' analysis, Futong Technology Development Holdings stock appears to be overvalued. The current stock price of HK$3.65 is trading 1725% above its estimated GF Value™ of HK$0.20. GuruFocus considers Futong Technology Development Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:00465:

  • Scaled Net Operating Assets: 0.14
  • GF Value™: HK$0.20 vs. price of HK$3.65 (1725% above fair value)
  • GF Score™: 26/100 with 3 warning signs

No single metric tells the full story. See the HKSE:00465 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Futong Technology Development Holdings Business Description

Address No. 26 Chaowai Street, Units B1901 on level 19 and B2001 on level 20 of Tower B, Chaowaimen Office Center, Chaoyang District, Beijing, CHN
Futong Technology Development Holdings Ltd is an enterprise digital transformation services provider in China. It uses technologies such as cloud computing and AI to provide enterprise customers with digital products, solutions, and professional IT services. The Group's two key product offerings are Cloud Intelligence and Data Intelligence. Maximum revenue is derived from Cloud Intelligence product offerings, which include its proprietary cloud-computing products, including CloudScape, CloudOne, CloudShare, CloudObs, and CloudAtlas. The Data Intelligence products include Voice of Customer, IntelligenceCore Data Workshop, and IntelligenceCore AI Agent Management Platform, among others, integrating AI technology into the different business scenarios of customers in various industries.
26GF Score

Get the complete analysis for HKSE:00465

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$3.65
Price
HK$0.20
GF Value