Findev (OTCPK:TNSG.F) - Stock Price, News & Analysis

TNSG.F 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

TNSG.F fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	5/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 65.6% below our estimate of its fair value

Earnings grew by 32.7% over the past year

Risk Analysis

Does not have a meaningful market cap ($12M)

Shares are highly illiquid

Does not have meaningful revenue (CA$4M)

Dividend of 6.9% is not well covered by free cash flows

Findev Inc. Competitors

Income Opportunity Realty Investors

NYSEAM:IOR

US$68.1m

CNFinance Holdings

NYSE:CNF

US$73.6m

PMI Group

OTCPK:PMIR

US$6.8m

Onity Group

NYSE:ONIT

US$239.5m

Price History & Performance

Summary of all time highs, changes and price drops for Findev
Historical stock prices
Current Share Price	CA$0.30
52 Week High	CA$0.30
52 Week Low	CA$0.05
Beta	0.69
11 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
33 Year Change	-27.71%
5 Year Change	-13.29%
Change since IPO	-98.08%

Recent updates

Shareholder Returns

	TNSG.F	US Diversified Financial	US Market
7D	0%	1.5%	-0.5%
1Y	n/a	32.8%	32.3%

Return vs Industry: Insufficient data to determine how TNSG.F performed against the US Diversified Financial industry.

Return vs Market: Insufficient data to determine how TNSG.F performed against the US Market.

Price Volatility

Is TNSG.F's price volatile compared to industry and market?
TNSG.F volatility
TNSG.F Average Weekly Movement	n/a
Diversified Financial Industry Average Movement	5.2%
Market Average Movement	6.2%
10% most volatile stocks in US Market	15.6%
10% least volatile stocks in US Market	3.0%

Stable Share Price: TNSG.F's share price has been volatile over the past 3 months compared to the US market.

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

About the Company

Founded	Employees	CEO	Website
2004	n/a	Sruli Weinreb	findev.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?
TNSG.F fundamental statistics
Market cap	US$8.89m
Earnings (TTM)	US$1.49m
Revenue (TTM)	US$2.57m

6.0x

P/E Ratio

3.5x

P/S Ratio

Is TNSG.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TNSG.F income statement (TTM)
Revenue	CA$3.61m
Cost of Revenue	CA$0
Gross Profit	CA$3.61m
Other Expenses	CA$1.52m
Earnings	CA$2.08m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.073
Gross Margin	100.00%
Net Profit Margin	57.76%
Debt/Equity Ratio	0%

How did TNSG.F perform over the long term?

See historical performance and comparison

Dividends

6.9%

Current Dividend Yield

41%

Payout Ratio

Findev OTCPK:TNSG.F Stock Report