| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
FDI Stock Overview
Findev Inc., real estate finance company, provides real estate financing secured by investment properties and real estate developments in Canada.
Findev Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$0.51 |
| 52 Week High | CA$0.56 |
| 52 Week Low | CA$0.40 |
| Beta | 0.45 |
| 1 Month Change | 6.25% |
| 3 Month Change | 13.33% |
| 1 Year Change | -5.56% |
| 3 Year Change | 8.51% |
| 5 Year Change | 0% |
| Change since IPO | -90.29% |
Recent News & Updates
Findev (CVE:FDI) Has Announced A Dividend Of CA$0.0075
Findev Inc. ( CVE:FDI ) will pay a dividend of CA$0.0075 on the 15th of April. Based on this payment, the dividend...
Findev (CVE:FDI) Will Pay A Dividend Of CA$0.0075
Findev Inc. ( CVE:FDI ) will pay a dividend of CA$0.0075 on the 14th of January. This makes the dividend yield 6.1...
Findev's (CVE:FDI) Dividend Will Be CA$0.0075
The board of Findev Inc. ( CVE:FDI ) has announced that it will pay a dividend of CA$0.0075 per share on the 15th of...
Findev (CVE:FDI) Is Due To Pay A Dividend Of CA$0.0075
The board of Findev Inc. ( CVE:FDI ) has announced that it will pay a dividend of CA$0.0075 per share on the 15th of...
Shareholder Returns
| FDI | CA Mortgage | CA Market | |
|---|---|---|---|
| 7D | 0% | 1.7% | 1.9% |
| 1Y | -5.6% | -23.2% | -1.1% |
Return vs Industry: FDI exceeded the Canadian Mortgage industry which returned -20.8% over the past year.
Return vs Market: FDI underperformed the Canadian Market which returned -2% over the past year.
Price Volatility
| FDI volatility | |
|---|---|
| FDI Average Weekly Movement | n/a |
| Mortgage Industry Average Movement | 3.2% |
| Market Average Movement | 10.8% |
| 10% most volatile stocks in CA Market | 19.4% |
| 10% least volatile stocks in CA Market | 4.3% |
Stable Share Price: Insufficient data to determine FDI's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine FDI's volatility change over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | n/a | Sruli Weinreb | https://findev.ca |
Findev Inc., real estate finance company, provides real estate financing secured by investment properties and real estate developments in Canada. It targets real estate projects that include condominiums, purpose-built rentals, townhouses, low-rise/subdivisions, and retail developments. The company was formerly known as TransGaming Inc. and changed its name to Findev Inc. in October 2016.
Findev Fundamentals Summary
| FDI fundamental statistics | |
|---|---|
| Market Cap | CA$14.61m |
| Earnings (TTM) | CA$5.38m |
| Revenue (TTM) | CA$2.79m |
2.7x
P/E Ratio0.6x
P/B RatioIs FDI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FDI income statement (TTM) | |
|---|---|
| Revenue | CA$2.79m |
| Cost of Revenue | CA$0 |
| Gross Profit | CA$2.79m |
| Other Expenses | -CA$2.59m |
| Earnings | CA$5.38m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.19 |
| Gross Margin | 100.00% |
| Net Profit Margin | 193.03% |
| Debt/Equity Ratio | 0.0% |
How did FDI perform over the long term?
See historical performance and comparisonDividends
5.9%
Current Dividend Yield16%
Payout RatioDoes FDI pay a reliable dividends?
See FDI dividend history and benchmarks| Findev dividend dates | |
|---|---|
| Ex Dividend Date | Sep 28 2022 |
| Dividend Pay Date | Oct 21 2022 |
| Days until Ex dividend | 47 days |
| Days until Dividend pay date | 70 days |
Does FDI pay a reliable dividends?
See FDI dividend history and benchmarksValuation
Is FDI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FDI?
Other financial metrics that can be useful for relative valuation.
| What is FDI's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CA$14.61m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 5.1x |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does FDI's PE Ratio compare to its peers?
| FDI PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 10.4x | ||
TII Terra Firma Capital | 7.8x | n/a | CA$31.0m |
MKP MCAN Mortgage | 8x | 6.7% | CA$510.7m |
FC Firm Capital Mortgage Investment | 13.8x | n/a | CA$421.0m |
AI Atrium Mortgage Investment | 12x | 2.6% | CA$512.1m |
FDI Findev | 2.7x | n/a | CA$14.6m |
Price-To-Earnings vs Peers: FDI is good value based on its Price-To-Earnings Ratio (2.7x) compared to the peer average (10.4x).
Price to Earnings Ratio vs Industry
How does FDI's PE Ratio compare vs other companies in the North American Mortgage Industry?
Price-To-Earnings vs Industry: FDI is good value based on its Price-To-Earnings Ratio (2.7x) compared to the Canadian Mortgage industry average (7.9x)
Price to Earnings Ratio vs Fair Ratio
What is FDI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 2.7x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FDI's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of FDI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FDI (CA$0.51) is trading below our estimate of fair value (CA$1.52)
Significantly Below Fair Value: FDI is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Future Growth
How is Findev forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
12.1%
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Findev has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Discover growth companies
- Examine whether Findev is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Findev competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Findev performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
33.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FDI has a high level of non-cash earnings.
Growing Profit Margin: FDI's current net profit margins are higher than last year (87%).
Past Earnings Growth Analysis
Earnings Trend: FDI has become profitable over the past 5 years, growing earnings by 33.5% per year.
Accelerating Growth: FDI's earnings growth over the past year (162.7%) exceeds its 5-year average (33.5% per year).
Earnings vs Industry: FDI earnings growth over the past year (162.7%) exceeded the Mortgage industry 4%.
Return on Equity
High ROE: FDI's Return on Equity (23.1%) is considered high.
Discover strong past performing companies
Financial Health
How is Findev's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
1/6Financial Health Score 1/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FDI's Assets to Equity ratio (1x) is low.
Allowance for Bad Loans: Insufficient data to determine if FDI has a sufficient allowance for bad loans.
Low Risk Liabilities: FDI reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.
Loan Level: Insufficient data to determine if FDI has an appropriate level of Loans to Assets ratio.
Low Risk Deposits: FDI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Level of Bad Loans: Insufficient data to determine if FDI has an appropriate level of bad loans.
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Dividend
What is Findev current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
5.88%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FDI's dividend (5.88%) is higher than the bottom 25% of dividend payers in the Canadian market (1.93%).
High Dividend: FDI's dividend (5.88%) is in the top 25% of dividend payers in the Canadian market (5.39%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FDI has been paying a dividend for less than 10 years.
Growing Dividend: FDI has only been paying a dividend for 6 years, and since then payments have not increased.
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (16%), FDI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
5.9yrs
Average board tenure
CEO
Sruli Weinreb (42 yo)
5.92yrs
Tenure
CA$90,000
Compensation
Mr. Yisroel Weinreb, also known as Sruli, is the Founder and Managing Partner at Plaza Capital Ltd. He is the Co-Founder of Novamind Inc. and has served as its Director since December 22, 2020 and serves a...
CEO Compensation Analysis
Compensation vs Market: Sruli's total compensation ($USD70.52K) is below average for companies of similar size in the Canadian market ($USD186.28K).
Compensation vs Earnings: Sruli's compensation has been consistent with company performance over the past year.
Board Members
Experienced Board: FDI's board of directors are considered experienced (5.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Findev Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Findev Inc.
- Ticker: FDI
- Exchange: TSXV
- Founded: NaN
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Implied Market Cap: CA$14.610m
- Shares outstanding: 28.65m
- Website: https://findev.ca
Location
- Findev Inc.
- 10 Wanless Avenue
- Suite 201
- Toronto
- Ontario
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/10 00:00 |
| End of Day Share Price | 2022/08/10 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.