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Findev TSXV:FDI Stock Report

Last Price

CA$0.54

Market Cap

CA$15.5m

7D

25.6%

1Y

61.2%

Updated

17 Dec, 2024

Data

Company Financials

Findev Inc.

TSXV:FDI Stock Report

Market Cap: CA$15.5m

FDI Stock Overview

A real estate finance company, provides real estate financing secured by investment properties and real estate developments in the Greater Toronto Area, Canada. More details

FDI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends2/6

Rewards

Trading at 59.1% below our estimate of its fair value

Earnings grew by 56% over the past year

Risk Analysis

Does not have a meaningful market cap (CA$15M)

Does not have meaningful revenue (CA$4M)

Dividend of 5.56% is not well covered by free cash flows


My Notes

Capture your thoughts, links and company narrative

Findev Inc. Competitors

Terra Firma Capital

TSXV:TII

CA$41.0m

Firm Capital Mortgage Investment

TSX:FC

CA$449.6m

Dominion Lending Centres

TSX:DLCG

CA$379.0m

Atrium Mortgage Investment

TSX:AI

CA$530.5m

Price History & Performance

Summary of share price highs, lows and changes for Findev
Historical stock prices
Current Share PriceCA$0.54
52 Week HighCA$0.60
52 Week LowCA$0.34
Beta0.76
1 Month Change25.58%
3 Month Change31.71%
1 Year Change61.19%
3 Year Change3.85%
5 Year Change38.46%
Change since IPO-89.71%

Recent News & Updates

Findev (CVE:FDI) Will Pay A Dividend Of CA$0.0075

Jul 05
Findev (CVE:FDI) Will Pay A Dividend Of CA$0.0075

Findev's (CVE:FDI) Dividend Will Be CA$0.0075

Jun 16
Findev's (CVE:FDI) Dividend Will Be CA$0.0075

Findev (CVE:FDI) Is Due To Pay A Dividend Of CA$0.0075

Apr 29
Findev (CVE:FDI) Is Due To Pay A Dividend Of CA$0.0075

Recent updates

Findev (CVE:FDI) Will Pay A Dividend Of CA$0.0075

Jul 05
Findev (CVE:FDI) Will Pay A Dividend Of CA$0.0075

Findev's (CVE:FDI) Dividend Will Be CA$0.0075

Jun 16
Findev's (CVE:FDI) Dividend Will Be CA$0.0075

Findev (CVE:FDI) Is Due To Pay A Dividend Of CA$0.0075

Apr 29
Findev (CVE:FDI) Is Due To Pay A Dividend Of CA$0.0075

Findev (CVE:FDI) Is Due To Pay A Dividend Of CA$0.0075

Apr 15
Findev (CVE:FDI) Is Due To Pay A Dividend Of CA$0.0075

Improved Earnings Required Before Findev Inc. (CVE:FDI) Stock's 30% Jump Looks Justified

Jan 18
Improved Earnings Required Before Findev Inc. (CVE:FDI) Stock's 30% Jump Looks Justified

Findev (CVE:FDI) Is Paying Out A Dividend Of CA$0.0075

Dec 28
Findev (CVE:FDI) Is Paying Out A Dividend Of CA$0.0075

Findev (CVE:FDI) Has Announced A Dividend Of CA$0.0075

Dec 13
Findev (CVE:FDI) Has Announced A Dividend Of CA$0.0075

Findev (CVE:FDI) Will Pay A Dividend Of CA$0.0075

Sep 29
Findev (CVE:FDI) Will Pay A Dividend Of CA$0.0075

Findev (CVE:FDI) Has Announced A Dividend Of CA$0.0075

Aug 28
Findev (CVE:FDI) Has Announced A Dividend Of CA$0.0075

Findev (CVE:FDI) Is Due To Pay A Dividend Of CA$0.0075

Jun 30
Findev (CVE:FDI) Is Due To Pay A Dividend Of CA$0.0075

Findev (CVE:FDI) Will Pay A Dividend Of CA$0.0075

May 11
Findev (CVE:FDI) Will Pay A Dividend Of CA$0.0075

Findev (CVE:FDI) Has Announced A Dividend Of CA$0.0075

Jan 01
Findev (CVE:FDI) Has Announced A Dividend Of CA$0.0075

Findev (CVE:FDI) Will Pay A Dividend Of CA$0.0075

Sep 30
Findev (CVE:FDI) Will Pay A Dividend Of CA$0.0075

Findev's (CVE:FDI) Dividend Will Be CA$0.0075

Jul 29
Findev's (CVE:FDI) Dividend Will Be CA$0.0075

Findev (CVE:FDI) Is Due To Pay A Dividend Of CA$0.0075

Jul 01
Findev (CVE:FDI) Is Due To Pay A Dividend Of CA$0.0075

This Is Why We Think Findev Inc.'s (CVE:FDI) CEO Might Get A Pay Rise Approved By Shareholders

Jun 24
This Is Why We Think Findev Inc.'s (CVE:FDI) CEO Might Get A Pay Rise Approved By Shareholders

Findev (CVE:FDI) Will Pay A Dividend Of CA$0.0075

Jun 06
Findev (CVE:FDI) Will Pay A Dividend Of CA$0.0075

Be Sure To Check Out Findev Inc. (CVE:FDI) Before It Goes Ex-Dividend

Mar 20
Be Sure To Check Out Findev Inc. (CVE:FDI) Before It Goes Ex-Dividend

Findev Inc. (CVE:FDI) Passed Our Checks, And It's About To Pay A CA$0.0075 Dividend

Dec 25
Findev Inc. (CVE:FDI) Passed Our Checks, And It's About To Pay A CA$0.0075 Dividend

Shareholder Returns

FDICA Diversified FinancialCA Market
7D25.6%0.1%-1.9%
1Y61.2%11.3%17.8%

Return vs Industry: FDI exceeded the Canadian Diversified Financial industry which returned 13.6% over the past year.

Return vs Market: FDI exceeded the Canadian Market which returned 19.1% over the past year.

Price Volatility

Is FDI's price volatile compared to industry and market?
FDI volatility
FDI Average Weekly Movement8.9%
Diversified Financial Industry Average Movement4.4%
Market Average Movement8.1%
10% most volatile stocks in CA Market17.5%
10% least volatile stocks in CA Market2.9%

Stable Share Price: FDI has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: Insufficient data to determine FDI's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/aSruli Weinrebfindev.ca

Findev Inc., a real estate finance company, provides real estate financing secured by investment properties and real estate developments in the Greater Toronto Area, Canada. It targets real estate projects that include condominiums, townhouses, purpose-built rentals, 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 Inc. Fundamentals Summary

How do Findev's earnings and revenue compare to its market cap?
FDI fundamental statistics
Market capCA$15.47m
Earnings (TTM)CA$2.29m
Revenue (TTM)CA$3.71m

6.8x

P/E Ratio

4.2x

P/S Ratio

Is FDI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FDI income statement (TTM)
RevenueCA$3.71m
Cost of RevenueCA$0
Gross ProfitCA$3.71m
Other ExpensesCA$1.42m
EarningsCA$2.29m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.08
Gross Margin100.00%
Net Profit Margin61.72%
Debt/Equity Ratio0%

How did FDI perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

38%

Payout Ratio

Does FDI pay a reliable dividends?

See FDI dividend history and benchmarks
When do you need to buy FDI by to receive an upcoming dividend?
Findev dividend dates
Ex Dividend DateDec 20 2024
Dividend Pay DateJan 16 2025
Days until Ex dividend1 day
Days until Dividend pay date28 days

Does FDI pay a reliable dividends?

See FDI dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/17 14:25
End of Day Share Price 2024/12/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Findev Inc. is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dushan BatrovicEight Capital
Ralph GarceaGlobal Maxfin Capital
Damian WojcichowskyJacob Securities Inc.