Stock fact sheet · data as of
AMTD Digital Inc. (HKD): fair value, margin of safety and Wheel Score
Ticker symbol HKD · Technology · Software - Application · France · ADR · Blend
HKD is an American depositary share (ADR): the US listing of AMTD Digital Inc., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.
Is HKD undervalued?
AMTD Digital Inc. (HKD) closed at 1.49 on 5 Nov 2026, close to the GLS average fair value of 1.49 (exactly at fair value). 3 of the 8 models that produced a number sit above the price, 5 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.
There is a wide gap between DCF (0.1698) and Graham Number (4.55). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for HKD, so the nightly engine files it under Blend (value score 56, growth score 58, out of 100).
Nine valuation models for HKD
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 0.1698 | -89% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 4.55 | +205% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 2.81 | +88% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 0.6963 | -53% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.5095 | -66% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 0.6610 | -56% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 0.5749 | -61% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 1.93 | +30% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.0635 | -104% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
AMTD Digital Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 3.3/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 9.3%, ROE 20.6%, ROA 5.7% - with debt at 1.22 times equity and negative free cash flow.
AMTD Digital Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 9.3% |
|---|---|---|---|
| GLS Moat | 3.3 / 10 | ROE | 20.6% |
| Debt / equity | 1.22 | ROA | 5.7% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 14: No options
No options are listed on AMTD Digital Inc. in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 14, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 221k shares a day on a market cap of $712M, with a beta of 1.95 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that weak.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades right at our fair value |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Fails | 12.3 years to repay its debt (over 3) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $712M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 1.49 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 0% above fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | moat 3.3/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Weak | beta 1.95, $712M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
AMTD Digital Inc. reports earnings on 18 Nov 2026 - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Application
The 12 companies below are the closest to AMTD Digital Inc. by market cap within the Software - Application industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| VTEX Vtex | 4.19 | 5.90 | +29% | 43Weak | $705M |
| BKSY BlackSky Technology Inc. | 16.77 | - | - | 15Weak | $686M |
| PUBM PubMatic, Inc. | 16.36 | 18.75 | +13% | 35Weak | $745M |
| DCBO Docebo Inc. | 30.89 | 42.57 | +27% | 45Weak | $771M |
| SMWB Similarweb Ltd. | 8.81 | 7.70 | -14% | 27Weak | $772M |
| SPT Sprout Social, Inc. | 10.78 | 19.06 | +43% | 45Weak | $653M |
| MNTN MNTN, Inc Class A | 10.37 | 25.02 | +59% | 33Weak | $776M |
| PAR PAR Technology Corporation | 19.00 | - | - | 25Weak | $786M |
| YALA Yalla Group Limited | 5.64 | 16.39 | +66% | 46Weak | $856M |
| MITK Mitek Systems, Inc. | 19.09 | 19.51 | +2% | 39Weak | $861M |
| DSP Viant Technology Inc. | 13.14 | 24.24 | +46% | 41Weak | $874M |
| DJCO Daily Journal Corporation | 662.97 | 346.86 | -91% | 16No options | $914M |
Scan the whole market the same way
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Start free See the Sunday ScanQuestions about HKD
Is HKD undervalued right now?
Not meaningfully: at 1.49 the stock trades within a few percent of the GLS average fair value of 1.49 (exactly at fair value, data as of 5 Nov 2026).
What is the Wheel Score of HKD and what does it mean?
HKD has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for HKD?
1.49 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does AMTD Digital Inc. report earnings next?
The next earnings report is due on 18 Nov 2026, 13 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does HKD have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on HKD, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.
Is HKD an ADR?
Yes. HKD is an American depositary share (ADR): the US listing of AMTD Digital Inc., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.