Amber International Holding Limited American Depositary Shares (AMBR)

FairStock Score: 81/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach a business like Amber International with Graham's caution and Buffett's preference for durable economics. It runs a digital-asset wealth-management platform in Hong Kong, serving institutions and high-net-worth clients. In the second quarter of 2026, Amber reported revenue of $13.9 million and net income of $1.5 million, a 10.76% net margin—positive, but small in absolute terms for a $227.6 million market cap. The FairStock calculations at the 2026-10-13 close of $1.96 show a P/E of 98.00, P/B of 1.78, ROE of 0.74%, ROCE of 0.09%, and an EV/EBITDA of 138.41. Those are not the marks of a wide-moat compounder; low returns on capital suggest competition and limited pricing power. The balance sheet is a bright spot, with debt-to-equity of 0.01, but the Altman Z-Score of 0.77 and Piotroski F-Score of 6/9 signal fragility and only moderate financial strength. Valuation is the rub: the FairStock Graham Number is $0.31, implying a margin of safety of -532.26% at the recent price. PEG of 0.35 looks tempting only if enormous growth persists, yet the Lynch category is none because only zero years of filed results are available and three are needed. I would need much more evidence that these profits are recurring and that returns on capital can rise before calling this anything but speculative.

In plain English: Amber International runs a digital-asset wealth-management platform in Hong Kong for institutional and wealthy clients. It is currently profitable but only modestly so, with weak returns on the money invested in the business and a very short reporting history. At the recent price, the shares look expensive relative to earnings, though not extreme relative to the company's accounting value, and the stock has been volatile.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer