WallStSmart

AMTD Digital Inc. (HKD)vsSAP SE ADR (SAP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SAP SE ADR generates 26939% more annual revenue ($36.80B vs $136.10M). HKD leads profitability with a 40.2% profit margin vs 19.5%. HKD trades at a lower P/E of 8.4x. HKD earns a higher WallStSmart Score of 73/100 (B).

HKD

Strong Buy

73

out of 100

Grade: B

Growth: 5.3Profit: 9.0Value: 8.3Quality: 2.5
Piotroski: 1/9Altman Z: 1.04

SAP

Buy

58

out of 100

Grade: C

Growth: 5.3Profit: 8.5Value: 7.3Quality: 8.0
Piotroski: 6/9Altman Z: 3.09
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

HKDUndervalued (+82.2%)

Margin of Safety

+82.2%

Fair Value

$8.42

Current Price

$1.52

$6.90 discount

UndervaluedFair: $8.42Overvalued
SAPSignificantly Overvalued (-88.8%)

Margin of Safety

-88.8%

Fair Value

$104.04

Current Price

$168.95

$64.91 premium

UndervaluedFair: $104.04Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HKD6 strengths · Avg: 9.5/10
P/E RatioValuation
8.4x10/10

Attractively priced relative to earnings

Profit MarginProfitability
40.2%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
60.5%10/10

Strong operational efficiency at 60.5%

EPS GrowthGrowth
81.0%10/10

Earnings expanding 81.0% YoY

Return on EquityProfitability
25.4%9/10

Every $100 of equity generates 25 in profit

Price/BookValuation
1.8x8/10

Reasonable price relative to book value

SAP6 strengths · Avg: 8.8/10
Market CapQuality
$217.55B10/10

Mega-cap, among the largest globally

Altman Z-ScoreHealth
3.0910/10

Safe zone — low bankruptcy risk

Debt/EquityHealth
0.189/10

Conservative balance sheet, low leverage

PEG RatioValuation
0.798/10

Growing faster than its price suggests

Operating MarginProfitability
29.2%8/10

Strong operational efficiency at 29.2%

Free Cash FlowQuality
$1.09B8/10

Generating 1.1B in free cash flow

Areas to Watch

HKD4 concerns · Avg: 3.0/10
Revenue GrowthGrowth
3.4%4/10

3.4% revenue growth

Market CapQuality
$477.70M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

Altman Z-ScoreHealth
1.042/10

Distress zone — elevated risk

SAP2 concerns · Avg: 4.0/10
P/E RatioValuation
26.3x4/10

Moderate valuation

Revenue GrowthGrowth
3.3%4/10

3.3% revenue growth

Comparative Analysis Report

WallStSmart Research

Bull Case : HKD

The strongest argument for HKD centers on P/E Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 40.2% and operating margin at 60.5%.

Bull Case : SAP

The strongest argument for SAP centers on Market Cap, Altman Z-Score, Debt/Equity. Profitability is solid with margins at 19.5% and operating margin at 29.2%. PEG of 0.79 suggests the stock is reasonably priced for its growth.

Bear Case : HKD

The primary concerns for HKD are Revenue Growth, Market Cap, Piotroski F-Score. Debt-to-equity of 14.09 is elevated, increasing financial risk.

Bear Case : SAP

The primary concerns for SAP are P/E Ratio, Revenue Growth.

Key Dynamics to Monitor

HKD carries more volatility with a beta of 2.09 — expect wider price swings.

HKD is growing revenue faster at 3.4% — sustainability is the question.

SAP generates stronger free cash flow (1.1B), providing more financial flexibility.

Monitor SOFTWARE - APPLICATION industry trends, competitive dynamics, and regulatory changes.

Bottom Line

HKD scores higher overall (73/100 vs 58/100), backed by strong 40.2% margins. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

AMTD Digital Inc.

TECHNOLOGY · SOFTWARE - APPLICATION · USA

AMTD Digital Inc. designs and develops a digital platform to provide financial, media, content and marketing, and investment solutions.

SAP SE ADR

TECHNOLOGY · SOFTWARE - APPLICATION · USA

SAP SE is a global enterprise application software company. The company is headquartered in Walldorf, Germany.

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