AMTD IDEA Group Class A (HKB) AI Stock Analysis

• Market Cap: S$1.44B
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): 22.1
• Beta (1Y): 0.30
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SG
• Employees: 214
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.14
• Shares Outstanding: 242,765,730
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: -0.05
• Price to Book (P/B): 0.11
• Price to Sales (P/S): 3.27
• P/FCF Ratio: 34.29
• 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: 58 Neutral
• Price Target: S$3.50 ▼(-2.78% Downside)

The overall stock score of 58 reflects a mix of strong revenue growth and efficient operations, but concerns over the sustainability of high profit margins and cash flow stability weigh heavily. Technical indicators suggest the stock is overbought with no recent price movement, and the high P/E ratio indicates potential overvaluation. The lack of earnings call data and corporate events further limits the assessment.

Positive Factors

Revenue Growth

Significant revenue growth indicates robust market expansion and effective business strategies, enhancing long-term competitive positioning.

Low Leverage

Low leverage enhances financial stability, providing flexibility for future investments and reducing risk during economic downturns.

Management Confidence

Management's commitment through lock-up agreements underscores confidence in strategic direction, reassuring investors of sustained growth potential.

Negative Factors

Sustainability of Profit Margins

Unusually high profit margins may face pressure from market competition or regulatory changes, challenging long-term profitability.

Cash Flow Concerns

Declining free cash flow growth raises concerns about liquidity and the ability to fund operations or investments without external financing.

Return on Equity

Low return on equity indicates potential inefficiencies in generating returns from shareholders' investments, impacting long-term value creation.

AMTD IDEA Group Class A Business Overview & Revenue Model

Company Description

AMTD IDEA Group, an investment holding company, provides capital market solutions in China, Hong Kong, Europe, the United States, and internationally. The company operates through Capital Market Solutions, Digital Solutions and Other Services, Media and Entertainment Services, Hotel Operations, Hospitality and VIP Services, and Strategic Investments segments. The Capital Market Solutions segment raises funds through equity and debt financing, private placements, and debt issuances; provides financial advisory services, such as domestic and cross border advisory services for merger and acquisitions; and offers asset management products and services. The Digital Solutions and Other Services segment provides investor communication, investor relations, and corporate communication services to institutional and corporate clients, as well as digital financial solution services. The Media and Entertainment Services segment offers print and digital advertising campaigns, licensing, value-added marketing services comprising branded content, video production, social media activation, event creation, and experiential marketing services. The Hotel Operations, Hospitality and VIP Services segment engages in hotel investments, hotel operations, hospitality, and VIP services. The Strategic Investment segment engages in proprietary investments and management of global investment portfolio, including listed and unlisted equity shares investments and movie income right investments. The company was formerly known as AMTD International Inc. AMTD IDEA Group was founded in 2003 and is based in Paris, France. The company operates as a subsidiary of AMTD Group Inc.

How the Company Makes Money

AMTD IDEA Group generates revenue through multiple streams, primarily from investment banking services, where it advises clients on mergers and acquisitions, capital raising, and other financial transactions. Additionally, the company earns income from asset management services, including managing investment funds and portfolios for institutional and retail clients. The company may also receive fees for advisory services in corporate finance and strategic consulting. Significant partnerships with technology firms and financial institutions enhance its service offerings and expand its market reach, contributing to its revenue growth. Furthermore, the company benefits from a growing demand for digital financial solutions, positioning it to capture emerging opportunities in the fintech sector.

AMTD IDEA Group Class A Financial Statement Overview

Summary

AMTD IDEA Group Class A demonstrates strong revenue growth and efficient operations, but the sustainability of its high profit margins is questionable. The balance sheet is stable with low leverage, though returns on equity are modest. Cash flow metrics reveal potential liquidity concerns, with a significant drop in free cash flow growth. Overall, the company is expanding but faces challenges in maintaining its profitability and cash flow stability.

Income Statement

The company shows strong revenue growth with a 92.97% increase in the latest year, indicating robust expansion. However, the net profit margin is exceptionally high at 94.40%, which may not be sustainable. The EBIT and EBITDA margins are also high, suggesting efficient operations, but such margins are atypical and warrant further investigation for sustainability.

Balance Sheet

The debt-to-equity ratio is low at 0.18, indicating conservative leverage, which is a positive sign for financial stability. However, the return on equity is modest at 3.21%, suggesting limited efficiency in generating returns from equity. The equity ratio is healthy, reflecting a solid capital structure.

Cash Flow

The company experienced a significant decline in free cash flow growth at -74.18%, which is concerning. The operating cash flow to net income ratio is low at 0.036, indicating potential issues in converting income into cash. However, the free cash flow to net income ratio is nearly 1, showing that free cash flow closely matches net income.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	54.07M	122.72M	22.42M	177.64M	141.51M
Gross Profit	24.45M	157.25M	21.51M	177.47M	141.25M
EBITDA	75.49M	168.52M	155.74M	172.90M	131.91M
Net Income	51.04M	142.99M	18.23M	157.22M	146.92M
Balance Sheet
Total Assets	2.07B	1.49B	1.06B	857.67M	1.36B
Cash, Cash Equivalents and Short-Term Investments	87.86M	120.23M	138.16M	67.49M	58.56M
Total Debt	283.49M	96.55M	457.24K	16.13M	14.99M
Total Liabilities	369.89M	193.02M	58.25M	115.17M	103.47M
Stockholders Equity	1.59B	1.29B	969.74M	740.50M	1.25B
Cash Flow
Free Cash Flow	5.15M	39.91M	26.80M	55.76M	257.19M
Operating Cash Flow	5.16M	39.98M	26.80M	55.76M	257.21M
Investing Cash Flow	-45.34M	-266.97M	-73.88M	-46.00M	-461.96M
Financing Cash Flow	-17.34M	209.35M	117.52M	-854.11K	164.39M

AMTD IDEA Group Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
S41	71 Outperform	S$1.18B	14.15	4.02%	4.87%	-10.51%	-15.79%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TCU	66 Neutral	S$287.99M	26.71	20.94%	3.13%	5.17%	-2.09%
U10	66 Neutral	S$2.56B	11.96	10.50%	4.63%	7.87%	-4.03%
YF8	64 Neutral	S$1.34B	4.13	8.61%	3.76%	-9.47%	131.72%
HKB	58 Neutral	S$1.44B	22.13	―	―	―	―

AMTD IDEA Group Class A Corporate Events

TGE Boosts Hospitality Portfolio With Global Hotel Acquisitions After NYSE Debut

The Generation Essentials Group (TGE), a subsidiary of AMTD Digital and listed in both New York and London, reported a strong 2025 marked by rapid expansion in its hospitality operations following its June de‑SPAC business combination with Black Spade Acquisition II Co and subsequent NYSE listing. The company executed three sale and purchase agreements to acquire hotels in strategically important cities in New York, Australia and Malaysia, which on a pro forma basis lifted total assets by 24.6% to about US$1.6 billion and net assets by 29.8% to roughly US$1.1 billion over six months, underscoring its growing scale in global hospitality pending completion of the deals under customary closing conditions and signaling a strengthening of its asset base and competitive position within AMTD’s broader premium assets and hospitality ecosystem.

The most recent analyst rating on (SG:HKB) stock is a Hold with a S$3.50 price target. To see the full list of analyst forecasts on AMTD IDEA Group Class A stock, see the SG:HKB Stock Forecast page.

AMTD IDEA Posts Triple-Digit Revenue Growth and Expands L’Officiel Brand Into Global Coffee Chain

AMTD IDEA Group reported a roughly 150% surge in revenue and a 63.7% increase in total net income to US$68.8 million for the first half of 2025, underpinned by strong performance across its diversified businesses and gains from financial assets. The group’s hospitality arm saw revenue jump over 60% to US$12.7 million, while total assets reached US$2.193 billion and net asset value stood at US$1.799 billion, reflecting a strengthening balance sheet. The launch of the L’Officiel Coffee concept in Tokyo’s Omotesando district marked the company’s first major extension of its L’Officiel media IP into lifestyle retail, with plans to open 15–20 coffee shops globally over the next three years, signaling a push to monetize its brand portfolio and deepen engagement with consumers. Management highlighted the successful listing of its first sponsored SPAC, TGE Value Creative Solutions Corp, as another growth lever, emphasizing ongoing diversification and future value creation for stakeholders across media, hospitality, and financial services platforms.

The most recent analyst rating on (SG:HKB) stock is a Hold with a S$3.50 price target. To see the full list of analyst forecasts on AMTD IDEA Group Class A stock, see the SG:HKB Stock Forecast page.