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Data as of Q3 2026
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Top 4 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
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.
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 $14.3M 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 6 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 19%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 6 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 2026-10-30
How a revenue dollar becomes profit — FY2026
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 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | $136.1M 100.0% | $20.4M 100.0% | $12.0M 100.0% | $48.5M 100.0% | $42.2M 100.0% | $25.3M 100.0% |
| Selling, General & Admin | — | $58K 0.3% | — | $996K 2.1% | $741K 1.8% | $674K 2.7% |
| Operating Income | $1.1M 0.8% | $37.0M 181.0% | — | $153K 0.3% | $609K 1.4% | -$39K -0.2% |
| Interest & Investment Income | $21.8M 16.0% | $20.0M 97.9% | — | $15.9M 32.9% | $743K 1.8% | $18K 0.1% |
| Pretax Income | $98.7M 72.5% | $42.5M 207.7% | — | $45.3M 93.5% | $28.9M 68.4% | $25.3M 100.2% |
| Income Tax Expense | $1.7M 1.2% | $785K 3.8% | — | $4.5M 9.3% | $3.0M 7.2% | $3.2M 12.6% |
| Net Income | $97.0M 71.3% | $41.7M 203.8% | -$2.7M -22.3% | $40.8M 84.2% | $25.8M 61.2% | $22.1M 87.7% |
| Per Share | ||||||
| EPS (Basic) | $0.44 | $0.58 | — | $0.57 | $0.41 | $0.43 |
| EPS (Diluted) | $0.44 | $0.58 | — | $0.57 | $0.41 | $0.43 |
| Weighted Avg Shares (Basic) | 123.7M | 76.7M | — | 74.2M | 74.2M | 52.9M |
| Weighted Avg Shares (Diluted) | 123.8M | 76.8M | — | 74.2M | 74.2M | 52.9M |
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 2026-10-30
Where each multiple sits in its own 4-yr range · 8th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 4-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 37% against ROIC 19% — 18% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is 68.8% — the two diverge when buybacks or issuance move equity during the year.
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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| SG&A | 2.7 | 1.8 | 2.1 | — | 0.3 | — |
| Operating Income | -0.2 | 1.4 | 0.3 | — | 181.0 | 0.8 |
| Income Tax | 12.6 | 7.2 | 9.3 | — | 3.8 | 1.2 |
| Net Income | 87.7 | 61.2 | 84.2 | -22.3 | 203.8 | 71.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on HKD: 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.
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash of $46.4M is below short-term debt of $260.1M — relies on refinancing/operations.
Mostly short-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Ranked against 15 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WLTH | $1.6B | — | — | 4.4× | 18.2% | 89.6% | -11.5% | -6.8% | -6.8% | — | 10 |
| KEEL | $1.3B | — | — | 5.5× | 72.0% | -8.2% | -124% | -50.8% | -23.1% | — | — |
| WD | $1.2B | 21.2× | — | 1.0× | 9.0% | — | 4.6% | 3.2% | 3.2% | — | 38 |
| PWP | $1.1B | 31.3× | 14.4× | 1.5× | -14.5% | — | 4.7% | -27.9% | -27.9% | -4.2× | 19 |
| RHLD | $944M | — | 6.4× | 2.0× | 9.9% | 56.3% | -1.3% | -91.1% | -3.1% | 0.1× | 10 |
| BUR | $747M | 12.1× | — | 1.8× | -24.3% | — | 15.1% | 2.6% | 1.4% | — | 37 |
| QFIN | $629M | 1.6× | — | 0.2× | 16.8% | 84.4% | 31.1% | 24.8% | 24.8% | -0.7× | 25 |
| HKD | $522M | 3.8× | 69.4× | 3.8× | 566% | — | 71.3% | 36.8% | 18.5% | — | 2 |
| FWDI | $484M | — | — | 26.6× | -9.0% | 28.5% | -918% | -11.4% | -11.4% | — | — |
| ABTC | $484M | — | — | 2.6× | 159% | 50.3% | -82.7% | -23.0% | -23.0% | — | — |
| OPRT | $455M | 18.7× | — | 0.5× | -4.5% | — | 2.6% | 6.5% | 6.5% | — | 22 |
| WYFI | $402M | — | — | 5.1× | 66.2% | 60.2% | -31.2% | -5.1% | -4.9% | — | 15 |
| SNFCA | $238M | 7.3× | — | 0.7× | 3.0% | 98.6% | 9.3% | 7.8% | 7.8% | — | 14 |
| DGXX | $225M | — | — | 6.6× | -7.6% | -9.4% | -82.9% | -23.0% | -23.0% | — | — |
| CPSS | $222M | 12.7× | — | 0.5× | 10.4% | — | 4.4% | 6.2% | 2.4% | — | 11 |
| FUFU | $180M | — | 39.8× | 0.4× | 3.1% | 6.1% | -6.5% | -20.9% | -19.0% | -3.0× | — |
Peers = companies sharing HKD'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.
Cost of capital cannot be computed, so the spread is unknown.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2021 | not reported | -0.2% | 87.7% |
| FY2022 | not reported | 1.4% | 61.2% |
| FY2023 | not reported | 0.3% | 84.2% |
| FY2024 | not reported | not reported | -22.3% |
| FY2025 | not reported | 181.0% | 203.8% |
| FY2026 | not reported | 0.8% | 71.3% |
Leverage and buybacks account for 18 points of the 37% return on equity in FY2026. The business earns 19% on the capital it employs; the rest is balance sheet.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
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: wacc.
Free cash flow has fallen short of reported profit in 3 of the last three years.
Shares outstanding are up 134% since FY2021 — per-share cash flow has grown more slowly than the totals above, and the gap is the owners'.
Missing from our data, so excluded from this answer: share_based_compensation.
Leverage is not measurable this way for a bank.
Balance sheet at 2025-10-31. 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 $1.66, free cash flow must compound 26.72%/yr for 10 years. It has done 7.65%/yr over 4 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2022 | −4.0% | 26.7% |
| FY2023 | 51.3% | 26.7% |
| FY2025 | −73.6% | 26.7% |
| FY2026 | 250.7% | 26.7% |
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. No TTM point: the four most recent quarters do not form a usable window.
The cost of capital could not be computed for this company, so the requirement is solved at the published 10% default — a different rate would move it materially.
| Step | Amount | Running total |
|---|---|---|
| Net income | $97M | $97M |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | −$83M | $14M |
| Operating cash flow | $14M | $14M |
| Capex | −$60,000 | $14M |
| Free cash flow | $14M | $14M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2022 | 67.2% | -43.6% | -110.8 points |
| FY2023 | 14.8% | 94.5% | 79.8 points |
| FY2024 | -75.2% | -90.5% | -15.2 points |
| FY2025 | 70.4% | 611.5% | 541.0 points |
| FY2026 | 565.7% | 78.1% | -487.6 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2021 | 129.2 days | not reported | not reported | not reported |
| FY2022 | 43.6 days | not reported | not reported | not reported |
| FY2023 | 73.8 days | not reported | not reported | not reported |
| FY2024 | 28.4 days | not reported | not reported | not reported |
| FY2025 | 118.6 days | not reported | not reported | not reported |
| FY2026 | 31.7 days | not reported | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2021 | 2.9 percent |
| FY2022 | 3.8 percent |
| FY2023 | 5.2 percent |
| FY2024 | not reported |
| FY2025 | 7.4 percent |
| FY2026 | 8.7 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Below the line for 2 consecutive years to the latest.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.