AMTD Digital Inc. (HKD)
Technology · NYQ
Fundamentals
Valuation and ratings
AMTD Digital Inc. trades at USD1.59, which is 123% below the USD3.54 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 79 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 8.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About AMTD Digital Inc.
AMTD Digital Inc., through its subsidiaries, provides digital solutions; media and entertainment services; and hotel operations, hospitality, and very important person (VIP) services in China, Hong Kong, Europe, the Americas, and Southeast Asia. The company offers cross-market and intelligent digital solutions services for retail and corporate clients; and insurance brokerage services. It also provides fashion, arts, and luxury media advertising and marketing services; print and digital advertising campaigns and marketing services; and sells printed and digital publications, as well as operates in the movie production sector. In addition, the company offers customer-centric VIP services, such as hotels and serviced apartments, food and beverages, and club membership services. Further, it holds whole building properties. Digital Inc. was incorporated in 2019 and is headquartered in Paris, France.
HKD passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
1 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$143.2K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is AMTD Digital Inc. (HKD) undervalued?
Against our discounted cash flow estimate of USD3.54, HKD at USD1.59 is 123% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own HKD?
1 of the institutions we track reported a position in HKD in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is HKD's P/E ratio?
HKD trades at 8.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
The full research page for HKD, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.