Amtd Idea Group is a US-listed company in the diversified financial services industry. Its financial year ends in December.
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $101m, up 25.8% on a year earlier, against a decline of 38.5% a quarter earlier.
Our model value for Amtd Idea Group is under review, so past values are not shown until it is resolved.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Amtd Idea Group's trailing-twelve-month revenue grew 25.8% year on year, with a free-cash-flow margin of 16.9%. Where it stands out: net margin of 66.4% ranks 2 of 14 diversified financial services companies we cover.
Current signal Free cash flow diverging from earnings: TTM free cash flow grew 231.8% while net income grew 25.5%: a 206pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for AMTD from the sources we follow. See filings →
No model value for Amtd Idea Group at the moment. Current status: no valuation model gives a value we can rate yet. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Amtd Idea Group as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 8.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.72 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$840 ~$1100–$2800 | Left out: out of range vs price (43.82x) |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$4600 ~$3000–$7100 | Left out: out of range vs price (239.05x) |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$4300 ~$3600–$5300 | Left out: out of range vs price (225.08x) |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$100 ~$1600–$8000 | Left out: out of range vs price (5.34x) |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Amtd Idea Group with asset managers, brokers and exchanges in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
No analyst estimates are published for Amtd Idea Group: too few analysts cover it.
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Dec 2020 | $39.60 | $67.24 | +69.8% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| AMTD | −52% | −86% | −67% | −33% | −18% | −81% |
| Industry peers (median) | +8% | −80% | −41% | −47% | −14% | −33% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| AMTD | 8% | 17% | 25% | 33% | 58% | 36% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| AMTD | −60% | −94% | −72% | −43% | −33% | −81% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since August 5, 2019: 100% from August 5, 2019 to November 2, 2026. Getting back needed a 63226% gain, and the shares have not yet recovered.
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY21 Q4 | $179.8M |
| FY22 Q4 | $175.2M |
| FY23 Q4 | $130.9M |
| FY24 Q4 | $80.5M |
| FY25 Q4 | $101.2M |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY22 Q4 | -2.6% |
| FY23 Q4 | -25.3% |
| FY24 Q4 | -38.5% |
| FY25 Q4 | 25.8% |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY21 Q4 | 31.1% |
| FY22 Q4 | 15.2% |
| FY23 Q4 | 30.5% |
| FY24 Q4 | 6.4% |
| FY25 Q4 | 16.9% |
| Fiscal year | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Income | |||||||||
| Revenue | 133 | 92 | 154 | 144 | 180 | 175 | 131 | 80 | 101 |
| Net income | 73 | 60 | 120 | 137 | 157 | 160 | 153 | 54 | 67 |
| Growth (year on year) | |||||||||
| Revenue | — | −30.4% | +66.6% | −6.2% | +24.7% | −2.6% | −25.3% | −38.5% | +25.8% |
| Net income | — | −18.1% | +100.5% | +14.1% | +15.0% | +2.1% | −4.4% | −65.1% | +25.5% |
| Margins | |||||||||
| Net margin | 55.0% | 64.7% | 77.9% | 94.8% | 87.4% | 91.6% | 117.2% | 66.6% | 66.4% |
| Free-cash-flow margin | 8.1% | 10.9% | 58.9% | 178.3% | 31.1% | 15.2% | 30.5% | 6.4% | 16.9% |
| Cash flow | |||||||||
| Cash from operations | 11 | 10 | 91 | 257 | 56 | 27 | 40 | 5 | 18 |
| Capital spending | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Free cash flow | 11 | 10 | 91 | 257 | 56 | 27 | 40 | 5 | 17 |
| Balance sheet | |||||||||
| Cash | 11 | 16 | 98 | 59 | 67 | 138 | 120 | 63 | 51 |
| Total debt | — | — | 0 | 30 | 50 | 21 | 166 | 551 | 562 |
| Net debt (negative = net cash) | −11 | −16 | −98 | −29 | −18 | −118 | 45 | 488 | 511 |
| Last 12 months unless stated | AMTD | HKD | BMNR | BCG | VIP | ZNB | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $101m | $136m | $61m | $192m | $51m | $28m | $28m |
| Revenue growth, last 12 months | 25.8% | 565.7% | >999% | 8.3% | −14.1% | 225.0% | 30.9% |
| Revenue growth, 3-year average | — | — | 409.8% | — | −9.1% | — | −9.1% |
| Revenue growth, latest quarter | — | — | >999% | 12.1% | −73.7% | — | 25.1% |
| Gross margin | — | — | 84.4% | — | — | −18.6% | 25.7% |
| Operating margin | — | 0.8% | <−999% | — | −24.0% | −66.0% | −148.1% |
| Operating margin, 3-year average | — | — | <−999% | — | −19.2% | — | −144.9% |
| Net margin | 66.4% | 71.3% | <−999% | 2.2% | 1.0% | −555.2% | −65.5% |
| Cash from operations / revenue | 17.6% | 10.6% | −479.0% | 3.0% | −39.7% | −24.5% | −13.4% |
| Free-cash-flow margin | 16.9% | 10.5% | −481.4% | 2.9% | −57.9% | −58.9% | −30.5% |
| Free-cash-flow margin, 3-year average | — | — | −157.5% | 1.5% | −49.1% | — | −35.7% |
| Stock pay / revenue | — | 0.4% | 64.5% | 0.5% | 1.9% | 2.3% | 2.1% |
| Change in share count | — | 61.1% | 3.2% | — | 26.1% | >999% | 18.8% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 25.8% | 36.0% | 8 of 14 |
| Change in growth rate Growth | +64.3pp | +2.3pp | 4 of 14 |
| Net margin Profitability | 66.4% | -31.4% | 2 of 14 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Morgan Stanley | $205,374 | 213K | 81.6% | 0.0% |
| Renaissance Technologies LLC | $16,175 | 17K | 6.4% | ▼ 42.3% |
| Susquehanna International Group, LLP | $11,262 | 12K | 4.5% | ▼ 69.2% |
| Gamma Investing LLC | $10,707 | 11K | 4.3% | ▼ 69.6% |
| Osaic Holdings, Inc. | $3,592 | 4K | 1.4% | 0.0% |
| Sbi Securities Co., Ltd. | $2,559 | 3K | 1.0% | ▼ 6.6% |
| UBS Group AG | $1,207 | 1K | 0.5% | ▼ 8.2% |
| Rhumbline Advisers | $384 | 0K | 0.2% | 0.0% |
| BNP Paribas Financial Markets | $289 | 0K | 0.1% | 0.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Amtd Idea Group's complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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