stocktools
fair-value calculator // DCF · reverse DCF · GrahamFREE

What’s a stock actually worth?

Three classic estimates — a two-stage DCF, a reverse DCF, and the Graham number — computed from a company’s own SEC filings, with every assumption editable and every input shown. The opposite of a proprietary “fair value” you can’t check.

hkd · AMTD Digital Inc.Full workspace →
FAIR-VALUE RANGE
—
CURRENT PRICE
$1.72
TWO-STAGE DCF
—
8% growth for 10y, 2.5% terminal, 9% discount
GRAHAM NUMBERBenjamin Graham's ceiling for a cautious buyer: the highest share price his 1949 rule allows, at 15 times earnings and 1.5 times book value combined. A yardstick, not a forecast.
—
√(22.5 × EPS × book value/share)
REVERSE DCF
—
FCF growth the current price implies for 10y.
YOUR ASSUMPTIONS — TWEAK ANYTHING
Plain English for every number above. One AI generation, or free if someone already asked about these numbers.
THE INPUTS — FROM HKD’S FILINGS, FY ENDING 2025-10-31
Free cash flow $14.3MShares —Diluted EPS —Book value/share —

Per-share inputs withheld: it files no share count to check the ADS ratio read from its filings (960,000) against.

Estimates, not targets. The DCF treats free cash flow as cash flow to equity and divides by shares (the common retail shortcut — it skips net debt and a full WACC), so it’s a sanity-check, not a valuation opinion. All inputs are from HKD’s SEC filings; change any assumption above and the numbers update live. Educational only — not investment advice.

your saved valuations // stale when a newer filing changes an input

Loading your saved valuations…

A DCF is only as good as its assumptions — that’s exactly why every one here is yours to change. We treat free cash flow as cash flow to equity and divide by shares (the common retail shortcut; it skips net debt and a full WACC), so treat the output as a sanity-check range, not a valuation opinion. Inputs from SEC filings. Educational only — not investment advice.