AMTD Digital Inc. (HKD) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of AMTD Digital Inc. stock $1.31, price $1.40, that is 6.5% below the price, quality 42 out of 100. Rating: fairly valued. Calculated from audited financials with 20 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
52‑month range $1.27 – $1,679 · fair‑value band $0.9906 – $1.99 · the $1.40 price screens above the $1.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow AMTD Digital in your weekly email
Every Wednesday you see whether AMTD Digital is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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.
Show moreShow less
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.
Stock analysis
AMTD Digital Inc. (HKD) currently trades at $1.40, while our model-based Fair Value estimate is $1.31, so the stock looks roughly fairly valued today (gap 7.0%).
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of $8.80 per share, and 9 of the 20 models we run sit above the $1.40 price.
Bear case: the Asset-Based group reads lowest at $0.3100, and 11 of the 20 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $0.9906 (bear) to $1.99 (bull), the price of $1.40 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
AMTD Digital Inc. reported revenue of $59.0M in FY2026 versus $198M in FY2022, a compound −26.1%/yr. Reported net income was $54.7M in FY2026, compounding −29.0%/yr from FY2022.
Key figures
Market cap $531M Small · P/E ratio 10.6 · P/S ratio 3.90 · EPS (TTM) $0.1600 · Net margin 40.2% · Return on equity 25.4% · Return on assets (EBIT) 2.9% (5-year average) · Operating margin 60.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (medium confidence).
What moves the price
The share trades about 27% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −7%, HKD screens richer than that median.
Fair Value models
Bear$0.9906Fair Value $1.31Bull$1.99
Price $1.40 · Downside -6.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then ($0.0842 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income$0.8400$1.11$1.6969
FCF DCF$0.2000$0.3600$0.820067
Owner Earnings$1.79$3.59$6.6267
All 20 models by family
DCF Models
FCF DCF$0.2000$0.3600$0.820067
Owner Earnings$1.79$3.59$6.6267
5Y Revenue Exit$0.0300$0.1600$0.420056
5Y EBITDA Exit$0.2100$0.5200$1.1263
5Y P/E Exit$2.17$5.73$10.6761
10Y Revenue Exit$0.0900$0.3300$0.440059
10Y EBITDA Exit$0.2000$0.6400$1.3857
10Y P/E Exit$1.36$4.05$8.6353
Earnings-Based
Graham-Dodd$1.18$8.25$11.5857
Lynch FV$4.26$6.09$7.9255
PEG = 1.0$4.26$6.09$7.9251
Multiples
P/E Multiple$3.66$4.87$6.0961
P/S Multiple$0.4400$0.5800$0.730055
P/B Multiple$2.10$2.80$3.5053
EV/EBITDAn/a$0.1000$0.250060
Asset-Based
NCAV (Graham)$0.2300$0.3100$0.470052
Growth DCF
Growth DCF$0.1800$0.4000$0.750067
Rev-Margin DCF$0.0500$0.2200$0.560057
Economic Profit
Residual Income$0.8400$1.11$1.6969
Growth Earnings
Growth-Adj P/E$6.16$8.80$11.4462
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−32.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−32.9%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.64% → 16%
⚠ Revenue per share shrinking 27.5%/yr over ~5Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+37.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +34.5% a year for the price.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 630 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−6.5% · Below median
Profitability
Return on equity (12 months)25.4% · Top 25%
Return on assets5.7% · Above median
Net margin (12 months)40.2% · Top 25%
Operating margin (12 months)60.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)340.9% · Top 25%
Balance sheet
Debt / equity0.67× · Highest 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "AMTD Digital Inc. Fair Value". https://www.fairvalue-calculator.com/stock/HKD
Frequently asked questions
Is AMTD Digital Inc. (HKD) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $1.31 versus a price of $1.40, about 7% lower (fairly valued).
What is the fair value of HKD?
Our model-based fair value for AMTD Digital Inc. is $1.31 (as of Nov 8, 2026), built from audited fundamentals. The current price: $1.40.
What is the quality score of HKD?
AMTD Digital Inc. has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for AMTD Digital Inc. (HKD)?
Our model-based price target is the fair value of $1.31 (as of Nov 8, 2026) from 20 valuation models. Cautious scenario $0.9906, optimistic scenario $1.99. It is a calculation from audited fundamentals, not an analyst target.
What is the AMTD Digital Inc. stock forecast for 2026?
Our models put fair value at $1.31, about 7% lower versus a price of $1.40 (fairly valued). Cautious scenario $0.9906, optimistic scenario $1.99. The calculation is refreshed regularly with new filings.
What is the revenue of AMTD Digital Inc. (HKD)?
AMTD Digital Inc. reported trailing-twelve-month revenue of about $136M (latest available figure, as of Nov 8, 2026).
What growth is priced into AMTD Digital Inc. (HKD)?
For today's price to be fair in a discounted-cash-flow model, AMTD Digital Inc. would have to grow free cash flow by +37.7 % per year for five years (discount rate 13.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -21.3 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of HKD use?
Our models discount AMTD Digital Inc. at 13.7 %: a base by market capitalisation (small), damped by beta 1.96, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AMTD Digital Inc. that is +37.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.7 %) and the same formula as our fair value.
How much growth has AMTD Digital Inc. (HKD) delivered so far?
Over the past 5 years revenue at AMTD Digital Inc. grew -21.3 % a year. The price currently implies free-cash-flow growth of +37.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AMTD Digital Inc. (HKD) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into AMTD Digital Inc. (+37.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AMTD Digital Inc. (HKD)?
The free-cash-flow yield on the price is 3.26 %: that much free cash flow AMTD Digital Inc. produces per unit of market value. When it exceeds the discount rate of our models (13.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AMTD Digital Inc. (HKD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AMTD Digital Inc. it is $1.31 per share (as of Nov 8, 2026), against a price of $1.40. It is the blended result of 20 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is AMTD Digital Inc. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, HKD trades above its calculated fair value: price $1.40, fair value $1.31, a gap of about −7% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HKD?
No. The price is what the market pays today ($1.40); the fair value is what the company's own numbers justify ($1.31). For AMTD Digital Inc. the two are $0.0910 per share apart. That gap is exactly why we show both numbers side by side.
How much is AMTD Digital Inc. worth?
The market values AMTD Digital Inc. at about $531M (market capitalisation, as of Nov 8, 2026). Per share that is $1.40; our models calculate a fair value of $1.31 per share.
What do the bullish and bearish scenarios say about HKD?
Our models span a range for AMTD Digital Inc.: cautious scenario $0.9906, base $1.31, optimistic $1.99 per share (as of Nov 8, 2026, price $1.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HKD?
AMTD Digital Inc. trades at a price-to-earnings ratio of 10.6 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $1.31 is built from several models across several years. Other multiples: P/B 2.0, P/S 3.9, EV/EBITDA 6.9.
How solid is the balance sheet of AMTD Digital Inc. (HKD)?
Balance-sheet figures for AMTD Digital Inc. (as of Nov 8, 2026): return on equity 25.4%, debt of 0.67 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is HKD from its 52-week high?
AMTD Digital Inc. trades at $1.40, about 27% below its 52-week high of $1.91 and 10% above the low of $1.27 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $1.31 is for.
Which stocks are comparable to AMTD Digital Inc.?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AMTD Digital Inc. stock attractive at the current price?
The data as of Nov 8, 2026: price $1.40, calculated fair value $1.31 (−7%), Quality Score 42/100, from 20 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HKD calculated?
We run AMTD Digital Inc. through 20 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $1.31 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. AMTD Digital Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AMTD Digital Inc. (HKD)?
The closing price on Nov 6, 2026 was $1.40. Our model-based fair value is $1.31, about 7% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AMTD Digital Inc. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($0.9906 to $1.99) leaves room in how you read the outcome.
Key figures of AMTD Digital Inc.
How large is the market capitalisation of AMTD Digital Inc. (HKD)?
The market capitalisation of AMTD Digital Inc. is $531M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AMTD Digital Inc. (HKD)?
The price-to-sales ratio of AMTD Digital Inc. is 3.90 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AMTD Digital Inc. (HKD)?
Earnings per share at AMTD Digital Inc. are $0.1600 (price ÷ EPS = P/E 10.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of AMTD Digital Inc. (HKD)?
The net margin of AMTD Digital Inc. is 40.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AMTD Digital Inc. (HKD)?
The return on equity (ROE) of AMTD Digital Inc. is 25.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AMTD Digital Inc. (HKD)?
On an EBIT basis the return on assets of AMTD Digital Inc. is 2.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AMTD Digital Inc. (HKD)?
The operating margin of AMTD Digital Inc. is 60.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AMTD Digital Inc. (HKD)?
Revenue at AMTD Digital Inc. is growing +341% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AMTD Digital Inc. (HKD)?
Earnings per share at AMTD Digital Inc. are growing +81.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AMTD Digital Inc. (HKD) carry?
The net debt of AMTD Digital Inc. is $278M (fiscal year 2026, ≈ 19.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch AMTD Digital Inc. in the live analysis
One click puts AMTD Digital Inc. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 8, 2026