COMP <GO>
HKD vs BKKT // 10Y YIELD & FRED MACRO BETA
AMTD Digital Inc. (every five of which represent two ) (Class A) (NYSE) VS. Bakkt Inc. (Class A) (NYSE) • 15-METRIC TALLY: HKD 5
— BKKT 1
■ METRIC PARITY
LAST: $1.73 (0.00%) • MKT CAP: $218.3M
macro-sensitivity
—
LAST: $5.08 (-2.87%) • MKT CAP: $229.0M
macro-sensitivity
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (HKD VS. BKKT)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | HKD | BKKT | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | — | -35.00% | — | TIE | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 6.56% | — | — | TIE | /fcf-yield <GO> |
| Operating Margin | 0.80% | -6.30% | +7.10 | HKD | /operating-margins <GO> |
| Net Profit Margin | 68.00% | -4.60% | +72.60 | HKD | /net-margins <GO> |
| Revenue Growth (YoY) | 180.00% | -32.10% | +212.10 | HKD | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | 1/9 | +4.00 | HKD | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 53.1 | 35.7 | +17.40 | HKD | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $218.3M | $229.0M | -$10.7M | BKKT | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | HKD REV | BKKT REV | HKD GROSS % | BKKT GROSS % | HKD FCF | BKKT FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $136.1M | $2.34B | — | — | $14.3M | -$153.4M |
| FY 2024 | $20.4M | $3.44B | — | — | $4.1M | -$21.2M |
| FY 2023 | $12.0M | $727.0M | — | — | — | -$60.7M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
HKD // BETA —
BKKT // BETA —