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AMTD

AMTD IDEA GROUP
CIK 0001769731 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
81.8
composite ยท 3 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-05 ยท FY 2025-12-31 ยท TRIGGERED100.0

Tax arbitrage

ETR 2.3% vs 21% statutory โ€” gap persistent across 3 of 3 years
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-29) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.0228,
    "2024-12-31": 0.0297,
    "2023-12-31": 0.0274
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.1872,
    "2024-12-31": 0.1803,
    "2023-12-31": 0.1826
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1769731/000121390026049333/0001213900-26-049333-index.htm",
    "form": "20-F",
    "filed": "2026-04-29"
  }
}
P-01 ยท FY 2025-12-31 ยท ELEVATED44.7

Earnings quality

Beneish M-Score -1.98 in the elevated zone
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-29) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -1.976,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.804,
    "GMI": 1,
    "AQI": 1.917,
    "SGI": 1.258,
    "DEPI": 0.738,
    "SGAI": 1,
    "LVGI": 0.96,
    "TATA": 0.021
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": 0.0226,
  "inputs": {
    "revenue_t": 101215000,
    "revenue_t1": 80457000,
    "total_assets_t": 2300314000,
    "net_income_t": 67251000,
    "cfo_t": 17835000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1769731/000121390026049333/0001213900-26-049333-index.htm",
    "form": "20-F",
    "filed": "2026-04-29"
  }
}
P-12 ยท FY 2025-12-31 ยท CLEAN18.8

Restatement predictor

F-Score 0.56 โ€” at or below the population base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-29) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.564,
  "probability": 0.00209,
  "components": {
    "rsst": 0.0226,
    "drec": 0,
    "dinv": null,
    "soft": 0.8413,
    "dcs": 0.257,
    "droa": 0.0034,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1769731/000121390026049333/0001213900-26-049333-index.htm",
    "form": "20-F",
    "filed": "2026-04-29"
  }
}