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Insufficient data to determine institutional momentum.
Data as of Q2 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Top 9 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
A reverse discounted cash flow is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $17.1M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 5 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Insufficient data. Current ROIC on all capital: 3%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 5 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-08
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $101.2M 100.0% | $80.5M 100.0% | $130.9M 100.0% | $175.2M 100.0% | $179.8M 100.0% |
| Selling, General & Admin | $4.6M 4.6% | $4.6M 5.7% | $4.6M 3.5% | $3.8M 2.2% | $3.1M 1.7% |
| Interest Expense | $12.7M 12.6% | $13.4M 16.7% | $8.2M 6.3% | $859K 0.5% | $1.6M 0.9% |
| Interest & Investment Income | $737K 0.7% | $251K 0.3% | $5.5M 4.2% | $6.6M 3.7% | — |
| Pretax Income | $68.8M 68.0% | $55.2M 68.6% | $157.7M 120.5% | $173.9M 99.3% | $171.2M 95.2% |
| Income Tax Expense | $1.6M 1.5% | $1.6M 2.0% | $4.3M 3.3% | $13.4M 7.7% | $14.1M 7.8% |
| Net Income | $67.3M 66.4% | $53.6M 66.6% | $153.4M 117.2% | $160.5M 91.6% | $157.2M 87.4% |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-10-08
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 5% against ROIC 3% — 1% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| SG&A | 1.7 | 2.2 | 3.5 | 5.7 | 4.6 |
| Income Tax | 7.8 | 7.7 | 3.3 | 2.0 | 1.5 |
| Net Income | 87.4 | 91.6 | 117.2 | 66.6 | 66.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AMTD: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Leverage ratios is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $51.1M is below the $83.2M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (20-F).
Interest expense isn't separately reported — often netted into “other income (expense), net.” Effective rate ~2.3% on $562.3M of debt.
Cash of $51.1M is below short-term debt of $270.2M — relies on refinancing/operations.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Ranked against 33 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AXP | $208.1B | 20.0× | — | 5.0× | 6.4% | — | 26.2% | 32.4% | 11.9% | — | 2,932 |
| COIN | $45.4B | 38.6× | 24.9× | 6.3× | 9.4% | — | 17.6% | 8.5% | 5.9% | -3.0× | 1,102 |
| BMNP | $23.0B | 7.4× | 50.6× | — | 84.1% | 5.1% | — | 4.0% | 4.0% | -1.1× | — |
| SOFI | $20.2B | 40.0× | — | 32.5× | 23.1% | 1.7% | 77.7% | 4.6% | 3.9% | — | 916 |
| CHYM | $11.0B | — | — | 5.0× | 30.7% | 88.0% | -46.2% | -72.1% | -72.1% | — | 272 |
| HUT | $9.8B | — | — | 41.7× | 44.8% | 54.2% | -96.2% | -15.9% | -15.9% | — | 417 |
| WULF | $6.8B | — | — | 40.4× | 20.3% | 39.2% | -393% | -471% | -20.4% | — | 493 |
| CIFR | $5.6B | — | — | 25.0× | 48.0% | 63.7% | -367% | -102% | -23.1% | — | 462 |
| DAVE | $4.5B | 26.1× | 22.9× | 8.1× | 59.7% | — | 35.3% | 55.5% | 55.5% | -0.4× | 336 |
| GPGI | $3.6B | — | — | 60.1× | -85.8% | 48.1% | -227% | -55.9% | -55.9% | — | 192 |
| CLSK | $2.7B | — | 5.0× | 3.6× | 102% | 55.2% | 47.6% | 16.8% | 12.9% | 0.9× | 411 |
| UPST | $2.4B | 53.8× | 52.3× | 2.3× | 64.0% | — | 5.1% | 6.7% | 2.0% | 17.4× | 366 |
| KEEL | $1.9B | — | — | 8.5× | 72.0% | -8.2% | -124% | -50.8% | -23.1% | — | — |
| WLTH | $1.7B | — | — | 4.7× | 18.2% | 89.6% | -11.5% | -6.8% | -6.8% | — | 137 |
| PGY | $1.5B | 19.6× | 4.4× | 1.2× | 26.1% | 42.4% | 6.3% | 17.0% | 17.0% | -0.8× | — |
| WD | $1.2B | 21.0× | — | 1.0× | 9.0% | — | 4.6% | 3.2% | 3.2% | — | 259 |
| PWP | $1.2B | 32.3× | 15.0× | 1.6× | -14.5% | — | 4.7% | -27.9% | -27.9% | -4.2× | 161 |
| RHLD | $909M | — | 6.1× | 2.0× | 9.9% | 56.3% | -1.3% | -91.1% | -3.1% | 0.1× | 120 |
| BUR | $755M | 12.3× | — | 1.8× | -24.3% | — | 15.1% | 2.6% | 1.4% | — | 237 |
| QFIN | $741M | 1.9× | 0.1× | 0.3× | 16.8% | 84.4% | 31.1% | 24.8% | 24.8% | -0.7× | 156 |
| WYFI | $612M | — | — | 7.7× | 66.2% | 60.2% | -31.2% | -5.1% | -4.9% | — | 127 |
| ABTC | $564M | — | — | 3.0× | 159% | 50.3% | -82.7% | -23.0% | -23.0% | — | 126 |
| FWDI | $548M | — | — | 30.1× | -9.0% | 28.5% | -918% | -11.4% | -11.4% | — | 3 |
| HKD | $534M | 3.9× | 70.6× | 3.9× | 566% | — | 71.3% | 36.8% | 18.5% | — | 17 |
| OPRT | $398M | 16.3× | — | 0.4× | -4.5% | — | 2.6% | 6.5% | 6.5% | — | 132 |
| AMTD | $47M | — | — | 0.5× | 25.8% | — | 66.4% | 4.9% | 3.5% | — | 9 |
Peers = companies sharing AMTD's sector (Finance Services) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
No positive operating income in the last three years, so there is no return on capital to compare against its cost.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2021 | not reported | not reported | 87.4% |
| FY2022 | not reported | not reported | 91.6% |
| FY2023 | not reported | not reported | 117.2% |
| FY2024 | not reported | not reported | 66.6% |
| FY2025 | not reported | not reported | 66.4% |
Return on equity (5%) and return on invested capital (3%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: positive EBIT.
Free cash flow has fallen short of reported profit in 3 of the last three years.
Only 4 profitable years available, so the average is shorter than the five the threshold assumes.
Missing from our data, so excluded from this answer: share_based_compensation.
Leverage is not measurable this way for a bank.
Ladder as of 2025-12-31 (20-F); cash from the 2025-12-31 balance sheet; FCF from FY2025.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
At $0.58, free cash flow must compound 11.76%/yr for 10 years. It has done -13.73%/yr over 3 years, though across a reporting-basis change.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2023 | 49.9% | 11.8% |
| FY2024 | −87.1% | 11.8% |
| FY2025 | 231.8% | 11.8% |
The achieved growth rate spans a reporting-basis change in FY2023, so part of it measures the restatement rather than the business.
| Step | Amount | Running total |
|---|---|---|
| Net income | $67M | $67M |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | −$49M | $18M |
| Operating cash flow | $18M | $18M |
| Capex | −$746,000 | $17M |
| Free cash flow | $17M | $17M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2022 | -2.6% | 116.9% | 119.5 points |
| FY2023 | -25.3% | -77.0% | -51.8 points |
| FY2024 | -38.5% | 27.2% | 65.8 points |
| FY2025 | 25.8% | 1.2% | -24.6 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2021 | 22.5 days | not reported | not reported | not reported |
| FY2022 | 50.1 days | not reported | not reported | not reported |
| FY2023 | 15.4 days | not reported | not reported | not reported |
| FY2024 | 31.9 days | not reported | not reported | not reported |
| FY2025 | 25.7 days | not reported | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2021 | not reported |
| FY2022 | 12.6 percent |
| FY2023 | 7.6 percent |
| FY2024 | 2.3 percent |
| FY2025 | 2.1 percent |