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AMTD Digital, Inc. Sponsored ADR
(NYSE:HKD)
Select Model
Select Model
Rating:46Neutral
Price Target:
$1.50
▲(7.91% Upside)
Action:Reiterated
Date:08/06/26
The score is held down primarily by weak and highly volatile financial performance, including steep revenue contraction, large swings in leverage/assets, and questions around profitability sustainability. Technicals provide a moderate offset with prices trending above key moving averages and mildly positive momentum, while valuation is somewhat supportive due to a low P/E.
Positive Factors
Ecosystem-driven business model
AMTD Digital’s SpiderNet ecosystem and full-suite digital solutions create a structural advantage for cross-selling and customer stickiness. Over months this supports recurring contract opportunities with institutional clients, enabling multi-channel revenue capture and strategic partnerships that bolster long-term resilience.
Negative Factors
Sharp revenue contraction
Sustained top-line decline over consecutive years weakens scale economics and the firm’s ability to invest in product, sales, and retention. A shrinking revenue base increases reliance on asset-related or one-off gains to sustain profitability and raises structural risk to growth visibility over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Ecosystem-driven business model
AMTD Digital’s SpiderNet ecosystem and full-suite digital solutions create a structural advantage for cross-selling and customer stickiness. Over months this supports recurring contract opportunities with institutional clients, enabling multi-channel revenue capture and strategic partnerships that bolster long-term resilience.
Read all positive factors
AMTD Digital, Inc. Sponsored ADR (HKD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$505.99M
Dividend YieldN/A
Average Volume (3M)434.72K
Price to Earnings (P/E)9.1
Beta (1Y)1.54
Revenue Growth119.46%
EPS Growth-22.10%
CountryUS
Employees166
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding197,023,250
10 Day Avg. Volume221,988
30 Day Avg. Volume434,722
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)3.49
Price to Sales (P/S)15.70
P/FCF Ratio64.71
Enterprise Value/Market Cap2.14
Enterprise Value/Revenue42.71
Enterprise Value/Gross Profit24.18
Enterprise Value/Ebitda33.39
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
AMTD Digital, Inc. Sponsored ADR Business Overview & Revenue Model
Company Description
AMTD Digital Inc., through its subsidiaries, provides digital solutions; media and entertainment services; and hotel operations, hospitality, and very important person (VIP) services in China, Hong Kong, Europe, the Americas and Southeast Asia. Th...
How the Company Makes Money
AMTD Digital’s revenue model is described around providing digital solutions and services within its ecosystem; however, publicly available, company-specific detail sufficient to break out a reliable, detailed set of revenue streams (e.g., clear s...
AMTD Digital, Inc. Sponsored ADR Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
32
Negative
Cash Flow
41
Neutral
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.31M | 59.04M | 23.45M | 49.90M | 33.06M | 198.38M |
| Gross Profit | 44.70M | 38.77M | 18.39M | 43.75M | 23.19M | 15.98M |
| EBITDA | 32.37M | 118.48M | 58.43M | 31.25M | 47.79M | 224.78M |
| Net Income | 63.70M | 54.70M | 44.44M | 63.88M | 42.05M | 215.72M |
Balance Sheet | ||||||
| Total Assets | 537.46M | 955.36M | 502.93M | 537.31M | 483.46M | 3.22B |
| Cash, Cash Equivalents and Short-Term Investments | 141.43M | 54.35M | 73.69M | 141.43M | 162.91M | 112.49M |
| Total Debt | 98.79M | 324.70M | 321.68M | 65.54M | 119.57M | 0.00 |
| Total Liabilities | 159.29M | 351.70M | 344.17M | 159.25M | 140.53M | 118.19M |
| Stockholders Equity | 386.94M | 265.79M | 18.47M | 386.83M | 337.08M | 3.08B |
Cash Flow | ||||||
| Free Cash Flow | 39.96M | 14.33M | 525.38K | 20.81M | 15.50M | 80.38M |
| Operating Cash Flow | 39.99M | 14.39M | 545.82K | 20.84M | 15.50M | 80.42M |
| Investing Cash Flow | -67.38M | -31.14M | -9.71M | -38.84M | -119.49M | -385.56M |
| Financing Cash Flow | -7.43M | 2.27M | -4.60M | -593.90K | 243.46M | 0.00 |
AMTD Digital, Inc. Sponsored ADR Technical Analysis
Positive
1.39
Price Trends
1.65
Positive
1.66
Positive
1.61
Positive
Market Momentum
<0.01
Negative
60.86
Neutral
71.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HKD, the sentiment is Positive. The current price of 1.39 is below the 20-day moving average (MA) of 1.61, below the 50-day MA of 1.65, and below the 200-day MA of 1.61, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.86 is Neutral, neither overbought nor oversold. The STOCH value of 71.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HKD.
AMTD Digital, Inc. Sponsored ADR Risk Analysis
AMTD Digital, Inc. Sponsored ADR disclosed 82 risk factors in its most recent earnings report. AMTD Digital, Inc. Sponsored ADR reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Our operating results are subject to seasonal fluctuations. Q3, 2025
2.
We may not be able to realize anticipated synergies or strategic benefits from acquired targets, which could prevent us from achieving our business objectives. Q3, 2025
3.
Acquired business combination targets may underperform or fail to meet expectations, adversely affecting our business and reputation. Q3, 2025
AMTD Digital, Inc. Sponsored ADR Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $754.15M | 45.95 | 6.97% | ― | 6.88% | 26.04% | |
68 Neutral | $771.33M | 82.14 | 16.65% | ― | 18.15% | 331.16% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $974.74M | -24.73 | -14.77% | ― | 15.24% | 61.14% | |
57 Neutral | $520.36M | -20.87 | -30.94% | ― | 16.80% | 21.61% | |
55 Neutral | $385.00M | -18.69 | -12.77% | ― | 18.84% | 94.41% | |
46 Neutral | $505.99M | 9.15 | 20.58% | ― | 119.46% | -22.10% |
* Technology Sector Average
HKD
AMTD Digital, Inc. Sponsored ADR
1.67
0.00
0.00%
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AMTD Digital, Inc. Sponsored ADR Corporate Events
AMTD Digital Subsidiary TGE Launches US$10 Million Buyback and Two-Year Insider Lock-Up
Jun 18, 2026
On June 17, 2026, The Generation Essentials Group, a subsidiary of AMTD Digital Inc., announced that its board had approved a share repurchase program of up to US$10 million of its ordinary shares to be funded from existing cash, with purchases to...
AMTD Digital Expands London Hospitality and Cultural Footprint With Hornsey Hotel Purchase and Town Hall Deal
Jun 2, 2026
AMTD Group, AMTD IDEA Group, AMTD Digital Inc. and The Generation Essentials Group reported that AMTD IDEA has completed the acquisition of the Dao by Dorsett Hornsey Hotel in Crouch End, London, for about US$30 million, without using external fin...
AMTD Digital’s TGE Unit Expands Hospitality Portfolio With Ritz-Carlton Perth Deal
May 29, 2026
On May 29, 2026, AMTD Digital’s subsidiary The Generation Essentials Group completed the acquisition of a 50% interest in The Ritz-Carlton, Perth, in Australia for US$72 million, implying a property valuation of about US$201 million. The 205...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.