AMTD IDEA Group (AMTD) vs Royalty Management Holding Corporation (RMCO)

AMTD IDEA Group and Royalty Management Holding Corporation are both Asset Management companies. Royalty Management Holding Corporation is the larger, with a market value of $39.2M against $30.1M — 1.3× the size. Royalty Management Holding Corporation has negative trailing earnings, so its P/E is not meaningful; AMTD IDEA Group trades at 0.7×. AMTD IDEA Group grew revenue faster over the last twelve months: 150.9% against 133.5%. AMTD IDEA Group has the higher net margin (87.8% vs −14.5%) and the higher return on invested capital (0.00% vs −1.41%). Across the 18 metrics below, AMTD IDEA Group leads on 15 and Royalty Management Holding Corporation on 3.

Valuation

Metric AMTD RMCO Asset Management median
P/E 0.69 n/m 14.62
P/S 0.05 6.42 2.97
P/B 0.01 3.56 0.94
Price to free cash flow n/m n/m 8.93
EV/EBITDA n/m n/m 10.32
EV/Sales 0.45 6.40 5.72
Earnings yield 145.88% (2.45%) 4.53%
Free cash flow yield 0.00% (1.00%) 4.65%

Profitability

Metric AMTD RMCO Asset Management median
Gross margin 0.00% 11.15% 100.00%
Operating margin 0.00% (5.05%) 33.03%
Net margin 87.76% (14.52%) 13.53%
Free cash flow margin 0.00% (6.42%) 12.44%
Return on equity 0.00% (7.81%) 4.83%
Return on assets 0.00% (5.32%) 1.57%
Return on invested capital 0.00% (1.41%) 3.04%

Growth

Metric AMTD RMCO Asset Management median
Revenue growth (TTM) 150.88% 133.52% 6.97%
EPS growth (last fiscal year) (5.64%) (557.89%) —
Revenue growth, 5-year CAGR (2.98%) — 12.13%
Net income growth, 5-year CAGR (21.23%) 0.00% 0.00%

Health

Metric AMTD RMCO Asset Management median
Debt to equity 0.11 0.01 0.42
Current ratio 13.51 1.41 1.28
Net debt to EBITDA 0.00 0.68 1.06

Dividend

Metric AMTD RMCO Asset Management median
Dividend yield — — 6.92%
Payout ratio 0.00 0.00 0.77

Size

Metric AMTD RMCO Asset Management median
Market cap 30.13m 39.22m 721.34m

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