AMTD Digital, Inc. Sponsored ADR (HKD) AI Stock Analysis

• Market Cap: $500.07M
• Dividend Yield: N/A
• Average Volume (3M): 434.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.23
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 196
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): N/A
• Shares Outstanding: 197,023,250
• 10 Day Avg. Volume: 221,988
• 30 Day Avg. Volume: 434,722
• PEG Ratio: -0.15
• Price to Book (P/B): 32.66
• Price to Sales (P/S): 25.73
• P/FCF Ratio: 147.64
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $1.50 ▼(-21.05% Downside)

AMTD Digital, Inc. faces significant financial challenges, including declining revenue and high leverage, which are the most impactful factors on its stock score. Technical analysis shows mixed signals, with potential for short-term recovery. The lack of valuation metrics adds uncertainty to the stock's pricing. Addressing financial stability and growth is crucial for improving the stock's outlook.

AMTD Digital, Inc. Sponsored ADR Business Overview & Revenue Model

Company Description

AMTD Digital, Inc. is a leading digital solutions provider based in Hong Kong, specializing in financial services, technology, and digital media. The company operates within the fintech sector, offering a diverse range of products and services, including digital banking, asset management, and investment advisory services. AMTD Digital aims to leverage innovative technology to enhance the financial experience for its clients while promoting digital transformation across industries.

How the Company Makes Money

AMTD Digital generates revenue through multiple streams, primarily focusing on its financial technology services. The company earns money by providing digital banking solutions that include account management, payment processing, and lending services, which may involve fees and interest income. Additionally, AMTD Digital engages in asset management, collecting management fees and performance-based incentives from the funds it manages. Strategic partnerships with other financial institutions and technology companies enhance its service offerings and expand its customer base, contributing significantly to its earnings. The increasing demand for digital financial services in the Asia-Pacific region further drives the company's growth and revenue potential.

AMTD Digital, Inc. Sponsored ADR Financial Statement Overview

Summary

AMTD Digital, Inc. faces challenges with declining revenue and high leverage, which could impact its financial stability. Despite strong profitability margins, the significant drop in cash flow growth and high debt levels pose risks. The company needs to address revenue growth and leverage to improve its financial health.

Income Statement

The income statement shows a significant decline in revenue growth rate at -15.69% for the latest period, indicating potential challenges in maintaining sales momentum. Despite this, the company maintains strong profitability with a high net profit margin of 189.54% and a robust EBIT margin of 225.12%. However, the declining revenue trend poses a risk to future profitability.

Balance Sheet

The balance sheet reveals a concerning debt-to-equity ratio of 13.96, indicating high leverage and potential financial risk. The return on equity is relatively low at 2.41%, suggesting inefficient use of equity capital. The equity ratio stands at 3.67%, reflecting a low proportion of equity in the company's asset base, which could be a risk factor in volatile markets.

Cash Flow

The cash flow statement shows a significant decline in free cash flow growth at -80.86%, raising concerns about cash generation capabilities. The operating cash flow to net income ratio is low at 0.03, indicating potential issues in converting income into cash. However, the free cash flow to net income ratio is strong at 96.25%, suggesting that the company is still able to generate cash relative to its net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	27.81M	23.45M	390.51M	33.07M	331.23M	196.05M
Gross Profit	18.63M	18.39M	342.40M	23.20M	125.37M	25.25M
EBITDA	7.44M	58.43M	244.59M	47.81M	224.78M	130.11M
Net Income	62.58M	44.44M	499.88M	41.74M	215.72M	178.09M
Balance Sheet
Total Assets	719.80M	502.93M	4.21B	661.68M	3.22B	3.07B
Cash, Cash Equivalents and Short-Term Investments	141.48M	40.69M	141.48M	162.96M	15.82M	416.40M
Total Debt	65.56M	257.78M	773.12M	119.61M	0.00	0.00
Total Liabilities	159.30M	344.17M	1.25B	140.57M	107.09M	173.92M
Stockholders Equity	510.63M	18.47M	3.03B	457.95M	3.08B	369.37M
Cash Flow
Free Cash Flow	21.34M	4.09M	334.03M	15.50M	80.38M	82.83M
Operating Cash Flow	21.36M	4.25M	334.29M	15.50M	80.42M	83.00M
Investing Cash Flow	-35.99M	-75.53M	-563.26M	-119.49M	-385.56M	128.33M
Financing Cash Flow	-3.97M	-35.81M	-62.12M	243.46M	0.00	7.90M

AMTD Digital, Inc. Sponsored ADR Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HKD, the sentiment is Neutral. The current price of 1.9 is above the 20-day moving average (MA) of 1.84, above the 50-day MA of 1.81, and below the 200-day MA of 2.01, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 50.61 is Neutral, neither overbought nor oversold. The STOCH value of 5.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HKD.

AMTD Digital, Inc. Sponsored ADR Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MITK	73 Outperform	$416.76M	27.71	6.94%	―	6.98%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
DSP	59 Neutral	$541.38M	255.95	5.20%	―	30.92%	―
APPS	54 Neutral	$661.57M	―	-46.87%	―	6.82%	75.26%
CRNC	51 Neutral	$402.01M	―	-16.63%	―	-31.20%	95.56%
WEAV	51 Neutral	$502.28M	-14.87	-44.64%	―	17.34%	-8.35%
HKD	45 Neutral	$500.07M	―	―	―	―	―

AMTD Digital, Inc. Sponsored ADR Corporate Events

AMTD Digital Reports Over 1000% Revenue Surge in Half-Year Results

AMTD Digital Inc. announced an impressive 1,085.9% increase in revenue for the six months ending April 30, 2025, compared to the same period in 2024. This surge was driven by the consolidation of The Generation Essentials Group (TGE) and growth in its hospitality and media segments. The company’s total assets reached US$899.1 million, while net assets amounted to US$548.0 million. The integration of TGE has significantly bolstered AMTD’s media and entertainment segment, contributing to a substantial increase in fashion, arts, and luxury media advertising income. The company also reported a 172.4% growth in hotel operations and hospitality services income. These results reflect AMTD Digital’s strategic development and resilience, positioning it for future opportunities and expansion in various sectors.

The Generation Essentials Group Reports 160% Revenue Surge in H1 2025

On October 20, 2025, The Generation Essentials Group reported a significant financial performance for the first half of 2025, with a 160% increase in revenue compared to the same period in 2024. The company’s hospitality arm saw a 60.3% revenue growth, and the non-GAAP adjusted net income surged over 70% to US$61.0 million. TGE completed a business combination with Black Spade Acquisition II Co., resulting in a one-off share-based payment expense of US$58.9 million. Despite this, the company maintained a strong financial position, with total assets amounting to US$1.25 billion. TGE also launched its first L’Officiel Coffee in Japan, with plans to expand globally, highlighting its commitment to growth in the media, entertainment, and hospitality sectors.

AMTD Digital’s Subsidiary Completes Business Combination and Proposes New Initiatives

On August 19, 2025, The Generation Essentials Group, a subsidiary of AMTD Digital Inc., announced the completion of a business combination with Black Spade Acquisition II Co, marking a significant step in its business expansion and acquisition strategy. Additionally, AMTD Digital, along with AMTD IDEA and TGE, proposed a crypto conversion program and announced a long-term commitment from their executive directors and core management, indicating a strategic focus on strengthening their market position and operational stability.