AMTD Digital Inc.
HKD · Finance Services · EDGAR filings ↗
Grade
B73Diversified Asian digital/media holding company with headline-strong returns, though profitability leans heavily on non-operating fair-value gains.
Strengths
- Top-decile ROA 10.2% (95th pct) and ROE 36.8% (89th pct); net margin 71% (94th pct) and revenue growth 5.7x (94th pct)
- Positive FCF and FCF margin (79th pct), an unusual strength in this peer set
Risks
- Operating margin only 0.8% — reported net margin is driven by investment fair-value gains, not core operations
- High debt/equity 1.66 (88th pct), near-term debt maturities, controlling-shareholder conflicts and opaque multi-vertical structure
Key metrics
Operating margin
0.8%
Net margin
71.3%
Return on equity
36.8%
Return on assets
10.2%
ROIC
0.1%
Revenue growth (QoQ)
565.7%
Net-income growth
132.7%
Debt / equity
1.7×
Net debt / EBITDA
36.9×
Current ratio
1.9×
Free cash flow
$14M
EBITDA
$11M
Tangible book value
$144M
Cash & investments
$46M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-02-27 | 2025-10-31 | 0001213900-26-021555 ↗ |
| 20-F | 2025-02-28 | 2024-10-31 | 0001213900-25-018782 ↗ |
| 20-F | 2024-07-16 | 2023-10-31 | 0001213900-24-061838 ↗ |
| 20-F | 2023-08-23 | 2023-04-30 | 0001193125-23-219240 ↗ |
| 20-F | 2022-08-30 | 2022-04-30 | 0001193125-22-234204 ↗ |