AMTD Digital Inc. (HKD) 10-Year Financial Performance & Capital Metrics

HKD • • Industrial / General

TechnologyApplication SoftwareFinancial Technology & PaymentsDigital Banking Platforms

AboutAMTD Digital Inc. designs and develops a digital platform to provide financial, media, content and marketing, and investment solutions. It offers digital banking and insurance technology platforms for consumers and small and medium-sized enterprises; and SpiderNet ecosystem, a platform to enhance their investor communication, investor relations, and corporate communication to enhance their valuation. The company's platform monitors portfolio companies, such as tracking of business and technology development, competitive landscape, latest technological trends, and economic risks, and financial analysis. The company was incorporated in 2019 and is based in Central, Hong Kong. AMTD Digital Inc. operates as a subsidiary of AMTD IDEA GroupShow more

Revenue $23M -94.0%
EBITDA $18M -94.4%
Net Income $44M -91.1%
EPS (Diluted) 0.23 -91.2%
Gross Margin 78.43% -10.5%
EBITDA Margin 75.73% -6.9%
Operating Margin 51.67% -31.7%
Net Margin 189.54% +48.1%
ROE 2.85% -90.1%
ROIC 0.59% -95.8%
Debt/Equity 1.62 +521.6%
Interest Coverage 1.17

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 17.4% free cash flow margin
✓Healthy 5Y average net margin of 119.9%

✗Weaknesses

✗Profits declining 21.7% over 5 years
✗Weak Piotroski F-Score: 2/9
✗Weak momentum: RS Rating 16 (bottom 16%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 32.5% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-32.52%

3Y-58.63%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-21.73%

3Y-40.94%

TTM-

EPS CAGR

10Y-

5Y-23.19%

3Y-43.27%

TTM-

ROCE

10Y Avg7.54%

5Y Avg6.42%

3Y Avg6.16%

Latest0.73%

Peer Comparison

Digital Banking Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GWREGuidewire Software, Inc.	14.12B	166.09	205.05	22.64%	7.23%	6%	2.09%	0.49
DAVEDave Inc.	2.34B	192.06	45.84	33.96%	29.87%	50.37%	5.33%	0.41
INTUIntuit Inc.	154.33B	554.58	40.57	15.63%	21.19%	21.31%	3.94%	0.34
CCBCoastal Financial Corporation	1.72B	113.69	34.98	30.92%	7.84%	10.04%	14.54%	0.12
SPNSSapiens International Corporation N.V.	2.43B	43.45	33.68	5.4%	11.4%	12.2%	2.97%	0.13
SSNCSS&C Technologies Holdings, Inc.	21B	86.05	28.68	6.89%	13.86%	12.2%	6.32%	1.09
TBBKThe Bancorp, Inc.	3.09B	70.39	16.41	16.11%	30.63%	29.28%	7.2%	0.16
CWANClearwater Analytics Holdings, Inc.	6.98B	24.19	14.40	22.72%	61.25%	19.6%	0.99%	0.07

Profit & Loss

	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Oct 2023	Oct 2024
Sales/Revenue+	14.55M	167.52M	196.05M	331.23M	33.07M	390.51M	23.45M
Revenue Growth %	-	10.51%	0.17%	0.69%	-0.9%	10.81%	-0.94%
Cost of Goods Sold+	9.17M	15.17M	48.08M	72.92M	9.87M	48.11M	5.06M
COGS % of Revenue	0.63%	0.09%	0.25%	0.22%	0.3%	0.12%	0.22%
Gross Profit+	5.38M	152.36M	25.25M	125.37M	23.2M	342.4M	18.39M
Gross Margin %	0.37%	0.91%	0.13%	0.38%	0.7%	0.88%	0.78%
Gross Profit Growth %	-	27.3%	-0.83%	3.96%	-0.81%	13.76%	-0.95%
Operating Expenses+	16.59M	29.66M	8.56M	95.32M	6.68M	46.97M	6.28M
OpEx % of Revenue	1.14%	0.18%	0.04%	0.29%	0.2%	0.12%	0.27%
Selling, General & Admin	4.19M	6.69M	7.4M	3.53M	13.41M	46.97M	575K
SG&A % of Revenue	0.29%	0.04%	0.04%	0.01%	0.41%	0.12%	0.02%
Research & Development	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-
Other Operating Expenses	12.4M	22.97M	1.15M	91.79M	-6.74M	0	5.7M
Operating Income+	521.95K	144.02M	133.4M	224.78M	14.63M	295.43M	12.12M
Operating Margin %	0.04%	0.86%	0.68%	0.68%	0.44%	0.76%	0.52%
Operating Income Growth %	-	274.93%	-0.07%	0.69%	-0.93%	19.19%	-0.96%
EBITDA+	-7	0	138.3M	231.42M	16.62M	317.53M	17.76M
EBITDA Margin %	0%	-	0.71%	0.7%	0.5%	0.81%	0.76%
EBITDA Growth %	-	1%	-	0.67%	-0.93%	18.11%	-0.94%
D&A (Non-Cash Add-back)	-521.95K	-144.02M	4.9M	6.64M	1.99M	22.1M	5.64M
EBIT	152.21K	18.8M	125.21M	218.14M	45.82M	222.49M	52.79M
Net Interest Income+	22.31K	0	18K	743K	14.75M	87.41M	9.69M
Interest Income	22.31K	0	18K	743K	15.95M	87.41M	20.02M
Interest Expense	0	0	0	0	1.2M	0	10.33M
Other Income/Expense	2.3M	-120.53M	63.18M	1.77M	30M	217.54M	30.34M
Pretax Income+	22.15M	182.02M	196.49M	226.52M	44.63M	512.98M	42.46M
Pretax Margin %	1.52%	1.09%	1%	0.68%	1.35%	1.31%	1.81%
Income Tax+	606.94K	23.71M	24.64M	3.03M	4.49M	31.16M	785K
Effective Tax Rate %	0.79%	0.83%	0.91%	0.95%	0.94%	0.97%	1.05%
Net Income+	17.6M	151.34M	178.09M	215.72M	41.74M	499.88M	44.44M
Net Margin %	1.21%	0.9%	0.91%	0.65%	1.26%	1.28%	1.9%
Net Income Growth %	-	7.6%	0.18%	0.21%	-0.81%	10.98%	-0.91%
Net Income (Continuing)	2.75M	20.43M	171.93M	202.77M	40.14M	481.82M	41.67M
Discontinued Operations	-1	0	0	0	0	0	0
Minority Interest	27.11M	0	25.22M	19.73M	63.16M	-68.6M	140.29M
EPS (Diluted)+	0.10	0.86	1.32	1.26	0.22	2.61	0.23
EPS Growth %	-	7.96%	0.53%	-0.05%	-0.83%	10.86%	-0.91%
EPS (Basic)	0.10	0.86	1.32	1.26	0.23	2.61	0.23
Diluted Shares Outstanding	185.05M	177.03M	132.32M	169.02M	185.52M	191.64M	191.64M
Basic Shares Outstanding	185.05M	177M	132.32M	168.95M	185.4M	191.51M	191.51M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Oct 2023	Oct 2024
Total Current Assets+	5.71B	3.39B	2.66B	2.98B	319.5M	3.53B	84.55M
Cash & Short-Term Investments	341.04M	196.18M	416.4M	15.82M	162.96M	141.48M	40.69M
Cash Only	5.76M	196.18M	416.4M	112.49M	153.72M	1.06B	28.57M
Short-Term Investments	335.28M	0	0	0	9.24M	1.96M	12.12M
Accounts Receivable	681.57M	408.26M	284.38M	2.56B	16.69M	7.31M	51.66M
Days Sales Outstanding	17.09K	889.52	529.44	2.82K	184.22	6.83	804.12
Inventory	0	0	0	0	134.02M	0	0
Days Inventory Outstanding	-	-	-	-	4.96K	-	-
Other Current Assets	40.29M	2.78B	1.95B	396.75M	5.2M	3.37B	-9.37M
Total Non-Current Assets+	183.52M	208.67M	408.79M	245.3M	342.17M	680.28M	418.38M
Property, Plant & Equipment	0	0	155.28K	125.54K	238.6M	544.57M	274.45M
Fixed Asset Turnover	-	-	1262.55x	2638.45x	0.14x	0.72x	0.09x
Goodwill	0	0	58.67M	58.67M	0	0	0
Intangible Assets	0	0	40.41M	35.03M	136K	2.18M	119.25M
Long-Term Investments	183.52M	208.67M	293.94M	150.1M	103.26M	133.52M	24.68M
Other Non-Current Assets	0	0	15.61M	1.37M	175K	0	0
Total Assets+	5.89B	3.59B	3.07B	3.22B	661.68M	4.21B	502.93M
Asset Turnover	0.00x	0.05x	0.06x	0.10x	0.05x	0.09x	0.05x
Asset Growth %	-	-0.39%	-0.15%	0.05%	-0.79%	5.36%	-0.88%
Total Current Liabilities+	5.77B	2.3B	135.78M	13.65M	139.54M	1.25B	162.64M
Accounts Payable	125.69K	6.58K	14K	10K	493K	1.59M	1.59M
Days Payables Outstanding	5	0.16	0.11	0.05	18.24	12.06	114.76
Short-Term Debt	0	2.23B	0	0	119.61M	773.12M	83.37M
Deferred Revenue (Current)	0	0	0	1000K	1000K	0	1000K
Other Current Liabilities	5.03B	-221.47M	116.53M	847K	1.46M	472.91M	0
Current Ratio	0.99x	1.48x	19.58x	218.03x	2.29x	2.83x	0.52x
Quick Ratio	0.99x	1.48x	19.58x	218.03x	1.33x	2.83x	0.52x
Cash Conversion Cycle	-	-	-	-	5.12K	-	-
Total Non-Current Liabilities+	0	0	38.08M	11.08M	1.03M	0	181.53M
Long-Term Debt	0	0	0	0	0	0	174.22M
Capital Lease Obligations	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	5.65M
Other Non-Current Liabilities	0	-3.26M	38.08M	11.08M	0	0	1.65M
Total Liabilities	5.77B	2.3B	173.92M	107.09M	140.57M	1.25B	344.17M
Total Debt+	5.77B	2.23B	0	0	119.61M	773.12M	257.78M
Net Debt	5.76B	2.03B	-416.4M	-112.49M	-34.11M	-282.06M	229.21M
Debt / Equity	47.22x	1.75x	-	-	0.23x	0.26x	1.62x
Debt / EBITDA	-	-	-	-	7.20x	2.43x	14.52x
Net Debt / EBITDA	-	-	-3.01x	-0.49x	-2.05x	-0.89x	12.91x
Interest Coverage	-	-	-	-	12.24x	-	1.17x
Total Equity+	122.1M	1.27B	2.89B	3.1B	521.1M	2.96B	158.76M
Equity Growth %	-	9.43%	1.27%	0.07%	-0.83%	4.68%	-0.95%
Book Value per Share	0.66	7.20	21.86	18.36	2.81	15.44	0.83
Total Shareholders' Equity	95M	1.27B	369.37M	3.08B	457.95M	3.03B	18.47M
Common Stock	95M	37.99K	7K	54.92K	8K	62.6K	8K
Retained Earnings	0	151.34M	0	548.93M	111.7M	1.13B	199.97M
Treasury Stock	0	0	0	0	-52.23M	-408.75M	-635.23M
Accumulated OCI	0	129.07M	369.36M	96.74M	510.17M	-1.96B	-327.93M
Minority Interest	27.11M	0	25.22M	19.73M	63.16M	-68.6M	140.29M

Cash Flow

	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Oct 2023	Oct 2024
Cash from Operations+	24.55M	213.72M	83M	80.42M	15.5M	334.29M	4.25M
Operating CF Margin %	1.69%	1.28%	0.42%	0.24%	0.47%	0.86%	0.18%
Operating CF Growth %	-	7.7%	-0.61%	-0.03%	-0.81%	20.57%	-0.99%
Net Income	17.6M	151.34M	178.09M	215.72M	41.74M	499.88M	42.46M
Depreciation & Amortization	0	0	4.9M	6.64M	1.99M	22.55M	5.64M
Stock-Based Compensation	0	0	931.71K	8.93M	244K	1.3M	86K
Deferred Taxes	0	0	0	0	0	0	0
Other Non-Cash Items	-13.77M	52.7M	-42.75M	-196.6M	-26.24M	-545.86M	-43.6M
Working Capital Changes	20.73M	9.68M	-58.17M	45.74M	-2.23M	356.42M	-341K
Change in Receivables	-4.25M	6.02M	-58.4M	30.08M	-4.27M	-2.66M	-823K
Change in Inventory	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	173K	0	691K
Cash from Investing+	-3.07B	-674.4M	128.33M	-385.56M	-119.49M	-563.26M	-75.53M
Capital Expenditures	0	0	-170.81K	-47.08K	-2K	-266.06K	-159K
CapEx % of Revenue	-	-	0%	0%	0%	0%	0.01%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	-3.07B	-674.4M	107.74M	-385.51M	-175.98M	-593.3M	-83.56M
Cash from Financing+	2.68B	651.1M	7.9M	0	243.46M	-62.12M	-35.81M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	2.68B	535.22M	4.41M	0	-742K	-62.12M	-53.81M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	24.55M	213.72M	82.83M	80.38M	15.5M	334.03M	4.09M
FCF Margin %	1.69%	1.28%	0.42%	0.24%	0.47%	0.86%	0.17%
FCF Growth %	-	7.7%	-0.61%	-0.03%	-0.81%	20.55%	-0.99%
FCF per Share	0.13	1.21	0.63	0.48	0.08	1.74	0.02
FCF Conversion (FCF/Net Income)	1.40x	1.41x	0.47x	0.37x	0.37x	0.67x	0.10x
Interest Paid	0	0	0	0	0	52.82M	0
Taxes Paid	0	0	0	0	0	0	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	14.41%	21.68%	8.55%	7.2%	2.3%	28.72%	2.85%
Return on Invested Capital (ROIC)	0.01%	2.35%	3.46%	6.17%	0.63%	14%	0.59%
Gross Margin	37%	90.95%	12.88%	37.85%	70.16%	87.68%	78.43%
Net Margin	120.94%	90.34%	90.84%	65.13%	126.22%	128.01%	189.54%
Debt / Equity	47.22x	1.75x	-	-	0.23x	0.26x	1.62x
Interest Coverage	-	-	-	-	12.24x	-	1.17x
FCF Conversion	1.40x	1.41x	0.47x	0.37x	0.37x	0.67x	0.10x
Revenue Growth	-	1051.15%	17.03%	68.95%	-90.02%	1081.01%	-94%

Revenue by Geography

	2022	2023
HONG KONG	196.07M	31.74M
HONG KONG Growth	-	-83.81%
CANADA	-	1.11M
CANADA Growth	-	-
SINGAPORE	884K	223K
SINGAPORE Growth	-	-74.77%

Frequently Asked Questions

Valuation & Price

AMTD Digital Inc. (HKD) has a price-to-earnings (P/E) ratio of 6.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

AMTD Digital Inc. (HKD) reported $89.5M in revenue for fiscal year 2025. This represents a 515% increase from $14.6M in 2019.

AMTD Digital Inc. (HKD) saw revenue decline by 94.0% over the past year.

Yes, AMTD Digital Inc. (HKD) is profitable, generating $160.3M in net income for fiscal year 2025 (189.5% net margin).

Dividend & Returns

AMTD Digital Inc. (HKD) has a return on equity (ROE) of 2.9%. This is below average, suggesting room for improvement.

AMTD Digital Inc. (HKD) generated $101.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

AMTD Digital Inc. (HKD) 10-Year Financial Performance & Capital Metrics

HKD • • Industrial / General

TechnologyApplication SoftwareFinancial Technology & PaymentsDigital Banking Platforms

Revenue $23M -94.0%
EBITDA $18M -94.4%
Net Income $44M -91.1%
EPS (Diluted) 0.23 -91.2%
Gross Margin 78.43% -10.5%
EBITDA Margin 75.73% -6.9%
Operating Margin 51.67% -31.7%
Net Margin 189.54% +48.1%
ROE 2.85% -90.1%
ROIC 0.59% -95.8%
Debt/Equity 1.62 +521.6%
Interest Coverage 1.17

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 17.4% free cash flow margin
✓Healthy 5Y average net margin of 119.9%

✗Weaknesses

✗Profits declining 21.7% over 5 years
✗Weak Piotroski F-Score: 2/9
✗Weak momentum: RS Rating 16 (bottom 16%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 32.5% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-32.52%

3Y-58.63%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-21.73%

3Y-40.94%

TTM-

EPS CAGR

10Y-

5Y-23.19%

3Y-43.27%

TTM-

ROCE

10Y Avg7.54%

5Y Avg6.42%

3Y Avg6.16%

Latest0.73%

Peer Comparison

Digital Banking Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GWREGuidewire Software, Inc.	14.12B	166.09	205.05	22.64%	7.23%	6%	2.09%	0.49
DAVEDave Inc.	2.34B	192.06	45.84	33.96%	29.87%	50.37%	5.33%	0.41
INTUIntuit Inc.	154.33B	554.58	40.57	15.63%	21.19%	21.31%	3.94%	0.34
CCBCoastal Financial Corporation	1.72B	113.69	34.98	30.92%	7.84%	10.04%	14.54%	0.12
SPNSSapiens International Corporation N.V.	2.43B	43.45	33.68	5.4%	11.4%	12.2%	2.97%	0.13
SSNCSS&C Technologies Holdings, Inc.	21B	86.05	28.68	6.89%	13.86%	12.2%	6.32%	1.09
TBBKThe Bancorp, Inc.	3.09B	70.39	16.41	16.11%	30.63%	29.28%	7.2%	0.16
CWANClearwater Analytics Holdings, Inc.	6.98B	24.19	14.40	22.72%	61.25%	19.6%	0.99%	0.07

Profit & Loss

	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Oct 2023	Oct 2024
Sales/Revenue+	14.55M	167.52M	196.05M	331.23M	33.07M	390.51M	23.45M
Revenue Growth %	-	10.51%	0.17%	0.69%	-0.9%	10.81%	-0.94%
Cost of Goods Sold+	9.17M	15.17M	48.08M	72.92M	9.87M	48.11M	5.06M
COGS % of Revenue	0.63%	0.09%	0.25%	0.22%	0.3%	0.12%	0.22%
Gross Profit+	5.38M	152.36M	25.25M	125.37M	23.2M	342.4M	18.39M
Gross Margin %	0.37%	0.91%	0.13%	0.38%	0.7%	0.88%	0.78%
Gross Profit Growth %	-	27.3%	-0.83%	3.96%	-0.81%	13.76%	-0.95%
Operating Expenses+	16.59M	29.66M	8.56M	95.32M	6.68M	46.97M	6.28M
OpEx % of Revenue	1.14%	0.18%	0.04%	0.29%	0.2%	0.12%	0.27%
Selling, General & Admin	4.19M	6.69M	7.4M	3.53M	13.41M	46.97M	575K
SG&A % of Revenue	0.29%	0.04%	0.04%	0.01%	0.41%	0.12%	0.02%
Research & Development	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-
Other Operating Expenses	12.4M	22.97M	1.15M	91.79M	-6.74M	0	5.7M
Operating Income+	521.95K	144.02M	133.4M	224.78M	14.63M	295.43M	12.12M
Operating Margin %	0.04%	0.86%	0.68%	0.68%	0.44%	0.76%	0.52%
Operating Income Growth %	-	274.93%	-0.07%	0.69%	-0.93%	19.19%	-0.96%
EBITDA+	-7	0	138.3M	231.42M	16.62M	317.53M	17.76M
EBITDA Margin %	0%	-	0.71%	0.7%	0.5%	0.81%	0.76%
EBITDA Growth %	-	1%	-	0.67%	-0.93%	18.11%	-0.94%
D&A (Non-Cash Add-back)	-521.95K	-144.02M	4.9M	6.64M	1.99M	22.1M	5.64M
EBIT	152.21K	18.8M	125.21M	218.14M	45.82M	222.49M	52.79M
Net Interest Income+	22.31K	0	18K	743K	14.75M	87.41M	9.69M
Interest Income	22.31K	0	18K	743K	15.95M	87.41M	20.02M
Interest Expense	0	0	0	0	1.2M	0	10.33M
Other Income/Expense	2.3M	-120.53M	63.18M	1.77M	30M	217.54M	30.34M
Pretax Income+	22.15M	182.02M	196.49M	226.52M	44.63M	512.98M	42.46M
Pretax Margin %	1.52%	1.09%	1%	0.68%	1.35%	1.31%	1.81%
Income Tax+	606.94K	23.71M	24.64M	3.03M	4.49M	31.16M	785K
Effective Tax Rate %	0.79%	0.83%	0.91%	0.95%	0.94%	0.97%	1.05%
Net Income+	17.6M	151.34M	178.09M	215.72M	41.74M	499.88M	44.44M
Net Margin %	1.21%	0.9%	0.91%	0.65%	1.26%	1.28%	1.9%
Net Income Growth %	-	7.6%	0.18%	0.21%	-0.81%	10.98%	-0.91%
Net Income (Continuing)	2.75M	20.43M	171.93M	202.77M	40.14M	481.82M	41.67M
Discontinued Operations	-1	0	0	0	0	0	0
Minority Interest	27.11M	0	25.22M	19.73M	63.16M	-68.6M	140.29M
EPS (Diluted)+	0.10	0.86	1.32	1.26	0.22	2.61	0.23
EPS Growth %	-	7.96%	0.53%	-0.05%	-0.83%	10.86%	-0.91%
EPS (Basic)	0.10	0.86	1.32	1.26	0.23	2.61	0.23
Diluted Shares Outstanding	185.05M	177.03M	132.32M	169.02M	185.52M	191.64M	191.64M
Basic Shares Outstanding	185.05M	177M	132.32M	168.95M	185.4M	191.51M	191.51M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Oct 2023	Oct 2024
Total Current Assets+	5.71B	3.39B	2.66B	2.98B	319.5M	3.53B	84.55M
Cash & Short-Term Investments	341.04M	196.18M	416.4M	15.82M	162.96M	141.48M	40.69M
Cash Only	5.76M	196.18M	416.4M	112.49M	153.72M	1.06B	28.57M
Short-Term Investments	335.28M	0	0	0	9.24M	1.96M	12.12M
Accounts Receivable	681.57M	408.26M	284.38M	2.56B	16.69M	7.31M	51.66M
Days Sales Outstanding	17.09K	889.52	529.44	2.82K	184.22	6.83	804.12
Inventory	0	0	0	0	134.02M	0	0
Days Inventory Outstanding	-	-	-	-	4.96K	-	-
Other Current Assets	40.29M	2.78B	1.95B	396.75M	5.2M	3.37B	-9.37M
Total Non-Current Assets+	183.52M	208.67M	408.79M	245.3M	342.17M	680.28M	418.38M
Property, Plant & Equipment	0	0	155.28K	125.54K	238.6M	544.57M	274.45M
Fixed Asset Turnover	-	-	1262.55x	2638.45x	0.14x	0.72x	0.09x
Goodwill	0	0	58.67M	58.67M	0	0	0
Intangible Assets	0	0	40.41M	35.03M	136K	2.18M	119.25M
Long-Term Investments	183.52M	208.67M	293.94M	150.1M	103.26M	133.52M	24.68M
Other Non-Current Assets	0	0	15.61M	1.37M	175K	0	0
Total Assets+	5.89B	3.59B	3.07B	3.22B	661.68M	4.21B	502.93M
Asset Turnover	0.00x	0.05x	0.06x	0.10x	0.05x	0.09x	0.05x
Asset Growth %	-	-0.39%	-0.15%	0.05%	-0.79%	5.36%	-0.88%
Total Current Liabilities+	5.77B	2.3B	135.78M	13.65M	139.54M	1.25B	162.64M
Accounts Payable	125.69K	6.58K	14K	10K	493K	1.59M	1.59M
Days Payables Outstanding	5	0.16	0.11	0.05	18.24	12.06	114.76
Short-Term Debt	0	2.23B	0	0	119.61M	773.12M	83.37M
Deferred Revenue (Current)	0	0	0	1000K	1000K	0	1000K
Other Current Liabilities	5.03B	-221.47M	116.53M	847K	1.46M	472.91M	0
Current Ratio	0.99x	1.48x	19.58x	218.03x	2.29x	2.83x	0.52x
Quick Ratio	0.99x	1.48x	19.58x	218.03x	1.33x	2.83x	0.52x
Cash Conversion Cycle	-	-	-	-	5.12K	-	-
Total Non-Current Liabilities+	0	0	38.08M	11.08M	1.03M	0	181.53M
Long-Term Debt	0	0	0	0	0	0	174.22M
Capital Lease Obligations	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	5.65M
Other Non-Current Liabilities	0	-3.26M	38.08M	11.08M	0	0	1.65M
Total Liabilities	5.77B	2.3B	173.92M	107.09M	140.57M	1.25B	344.17M
Total Debt+	5.77B	2.23B	0	0	119.61M	773.12M	257.78M
Net Debt	5.76B	2.03B	-416.4M	-112.49M	-34.11M	-282.06M	229.21M
Debt / Equity	47.22x	1.75x	-	-	0.23x	0.26x	1.62x
Debt / EBITDA	-	-	-	-	7.20x	2.43x	14.52x
Net Debt / EBITDA	-	-	-3.01x	-0.49x	-2.05x	-0.89x	12.91x
Interest Coverage	-	-	-	-	12.24x	-	1.17x
Total Equity+	122.1M	1.27B	2.89B	3.1B	521.1M	2.96B	158.76M
Equity Growth %	-	9.43%	1.27%	0.07%	-0.83%	4.68%	-0.95%
Book Value per Share	0.66	7.20	21.86	18.36	2.81	15.44	0.83
Total Shareholders' Equity	95M	1.27B	369.37M	3.08B	457.95M	3.03B	18.47M
Common Stock	95M	37.99K	7K	54.92K	8K	62.6K	8K
Retained Earnings	0	151.34M	0	548.93M	111.7M	1.13B	199.97M
Treasury Stock	0	0	0	0	-52.23M	-408.75M	-635.23M
Accumulated OCI	0	129.07M	369.36M	96.74M	510.17M	-1.96B	-327.93M
Minority Interest	27.11M	0	25.22M	19.73M	63.16M	-68.6M	140.29M

Cash Flow

	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Oct 2023	Oct 2024
Cash from Operations+	24.55M	213.72M	83M	80.42M	15.5M	334.29M	4.25M
Operating CF Margin %	1.69%	1.28%	0.42%	0.24%	0.47%	0.86%	0.18%
Operating CF Growth %	-	7.7%	-0.61%	-0.03%	-0.81%	20.57%	-0.99%
Net Income	17.6M	151.34M	178.09M	215.72M	41.74M	499.88M	42.46M
Depreciation & Amortization	0	0	4.9M	6.64M	1.99M	22.55M	5.64M
Stock-Based Compensation	0	0	931.71K	8.93M	244K	1.3M	86K
Deferred Taxes	0	0	0	0	0	0	0
Other Non-Cash Items	-13.77M	52.7M	-42.75M	-196.6M	-26.24M	-545.86M	-43.6M
Working Capital Changes	20.73M	9.68M	-58.17M	45.74M	-2.23M	356.42M	-341K
Change in Receivables	-4.25M	6.02M	-58.4M	30.08M	-4.27M	-2.66M	-823K
Change in Inventory	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	173K	0	691K
Cash from Investing+	-3.07B	-674.4M	128.33M	-385.56M	-119.49M	-563.26M	-75.53M
Capital Expenditures	0	0	-170.81K	-47.08K	-2K	-266.06K	-159K
CapEx % of Revenue	-	-	0%	0%	0%	0%	0.01%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	-3.07B	-674.4M	107.74M	-385.51M	-175.98M	-593.3M	-83.56M
Cash from Financing+	2.68B	651.1M	7.9M	0	243.46M	-62.12M	-35.81M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	2.68B	535.22M	4.41M	0	-742K	-62.12M	-53.81M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	24.55M	213.72M	82.83M	80.38M	15.5M	334.03M	4.09M
FCF Margin %	1.69%	1.28%	0.42%	0.24%	0.47%	0.86%	0.17%
FCF Growth %	-	7.7%	-0.61%	-0.03%	-0.81%	20.55%	-0.99%
FCF per Share	0.13	1.21	0.63	0.48	0.08	1.74	0.02
FCF Conversion (FCF/Net Income)	1.40x	1.41x	0.47x	0.37x	0.37x	0.67x	0.10x
Interest Paid	0	0	0	0	0	52.82M	0
Taxes Paid	0	0	0	0	0	0	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	14.41%	21.68%	8.55%	7.2%	2.3%	28.72%	2.85%
Return on Invested Capital (ROIC)	0.01%	2.35%	3.46%	6.17%	0.63%	14%	0.59%
Gross Margin	37%	90.95%	12.88%	37.85%	70.16%	87.68%	78.43%
Net Margin	120.94%	90.34%	90.84%	65.13%	126.22%	128.01%	189.54%
Debt / Equity	47.22x	1.75x	-	-	0.23x	0.26x	1.62x
Interest Coverage	-	-	-	-	12.24x	-	1.17x
FCF Conversion	1.40x	1.41x	0.47x	0.37x	0.37x	0.67x	0.10x
Revenue Growth	-	1051.15%	17.03%	68.95%	-90.02%	1081.01%	-94%

Revenue by Geography

	2022	2023
HONG KONG	196.07M	31.74M
HONG KONG Growth	-	-83.81%
CANADA	-	1.11M
CANADA Growth	-	-
SINGAPORE	884K	223K
SINGAPORE Growth	-	-74.77%

Frequently Asked Questions

Valuation & Price

AMTD Digital Inc. (HKD) has a price-to-earnings (P/E) ratio of 6.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

AMTD Digital Inc. (HKD) reported $89.5M in revenue for fiscal year 2025. This represents a 515% increase from $14.6M in 2019.

AMTD Digital Inc. (HKD) saw revenue decline by 94.0% over the past year.

Yes, AMTD Digital Inc. (HKD) is profitable, generating $160.3M in net income for fiscal year 2025 (189.5% net margin).

Dividend & Returns

AMTD Digital Inc. (HKD) has a return on equity (ROE) of 2.9%. This is below average, suggesting room for improvement.

AMTD Digital Inc. (HKD) generated $101.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.