AMTD IDEA Group (AMTD) stock analysis
AMTDNYSEFinance ServicesFiscal year ends December 31
Financials through fiscal 2022, year ended Dec 31, 2022Last filing: 20-F on Apr 29, 2026
$12.31−0.09 (-0.73%)
Close on Nov 12, 2026Market cap $1.18BP/E –Yield –
Margins
Share of revenue, fiscal years 2016 to 2022
Net margin
80.9%+25.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2022
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -1.9% | +4.4% | +5.8% | – | |
| Net income | +1.2% | +5.8% | +14.3% | – | |
| Free cash flow | – | -33.4% | +20.0% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2017 | FY2022 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 22.7% | |
| Return on assets | – | – | 14.8% | |
| Current ratio | – | – | 13.95 | |
| Debt to equity | – | – | 0.03 | |
| Capex to revenue | – | 0.0% | 0.0% |
Cash use needs five years of cash flow figures
Amtd Idea does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin80.9%
×Asset turnover0.18×
×Equity multiplier1.53×
=Return on equity, FY202222.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2022 | 80.9% | 0.18× | 1.53× | 22.7% |
| FY2021 | 78.4% | 0.16× | 1.45× | 18.4% |
| FY2020 | 94.8% | 0.12× | 1.28× | 14.4% |
| FY2019 | 77.9% | 0.16× | 1.62× | 19.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2022 against fiscal 2021
6of 7 tests passed in fiscal 2022. Some tests lack the figures they need.
- ProfitableNet income above zero1.11B HKD
- Cash generatingOperating cash flow above zero209.22M HKD
- Return on assets improvedROA up on the prior year10.4% → 16.6%
- Earnings backed by cashOperating cash flow above net income209.22M HKD vs 1.11B HKD
- Less leverageLong-term debt to assets fell5.8% → 1.9%
- Better liquidityCurrent ratio rose5.03 → 13.95
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.13 → 0.21
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