# AMTD Digital Inc. (every five of which represent two) (HKD) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Financial Services / Consumer Lending. Price $1.61, market value $506 million.

## Valuation
- **P/E (trailing): 10.1×** (5-yr avg 9.0×, 3-yr avg 6.1×). AMTD Digital Inc. (every five of which represent two) trades at 10.1× trailing earnings, close to its own five-year average of 9.0×. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 3.7×**. Each dollar of revenue is priced at 3.7×.
- **Price / book: 1.8×**. The shares trade at 1.8× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 84.6×**. Enterprise value is 84.6× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 2.8%** (5-yr avg 2.7%). Free cash flow equals 2.8% of the market value, in line with its five-year average of 2.7%.
- **Earnings yield: 9.9%**. The inverse of the P/E: 9.9% of the price is earned each year.

## Profitability
- **Operating margin: 0.8%**. 0.8% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 71.3%**. 71.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 36.8%**. 36.8% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 0.2%**. Return on all capital, debt included, is 0.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 10.2%**. Each dollar of assets produces 10.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 565.7%** (3-yr 41.1%/yr, 5-yr 40.1%/yr). Revenue grew 565.7% over the last year, against 40.1% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -24.1%** (3-yr -8.3%/yr, 5-yr 0.5%/yr). Earnings per share fell 24.1%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -2.6%/yr**. Free cash flow has compounded at -2.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: $46 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. AMTD Digital Inc. (every five of which represent two) does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -44.7%** (YTD 28.3%, 3-mo 0.0%). The shares are down 44.7% over twelve months including dividends.
- **From 52-week high: -33.4%** (27.8% above the low). Trading 33% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 0.99** (volatility 93%). Beta of 0.99 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HKD · Page: https://foliofundamentals.com/stocks/hkd

Not investment advice.