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	6/6
Dividends	3/6

Rewards

Trading at 56.8% below our estimate of its fair value

Earnings grew by 56% over the past year

Risk Analysis

Shares are highly illiquid

Does not have a meaningful market cap ($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

Income Opportunity Realty Investors

NYSEAM:IOR

US$74.4m

CNFinance Holdings

NYSE:CNF

US$61.7m

PMI Group

OTCPK:PMIR

US$518.6k

Onity Group

NYSE:ONIT

US$267.5m

Price History & Performance

Summary of share price highs, lows and changes for Findev
Historical stock prices
Current Share Price	CA$0.35
52 Week High	CA$0.35
52 Week Low	CA$0.05
Beta	0.76
1 Month Change	15.10%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	-13.55%
5 Year Change	17.41%
Change since IPO	-97.79%

Recent updates

Shareholder Returns

	TNSG.F	US Diversified Financial	US Market
7D	0%	0.07%	0.1%
1Y	n/a	25.1%	26.1%

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	6.3%
10% most volatile stocks in US Market	16.7%
10% least volatile stocks in US Market	3.1%

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$10.81m
Earnings (TTM)	US$1.60m
Revenue (TTM)	US$2.59m

6.8x

P/E Ratio

4.2x

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$3.71m
Cost of Revenue	CA$0
Gross Profit	CA$3.71m
Other Expenses	CA$1.42m
Earnings	CA$2.29m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.08
Gross Margin	100.00%
Net Profit Margin	61.72%
Debt/Equity Ratio	0%

How did TNSG.F perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

38%

Payout Ratio

Does TNSG.F pay a reliable dividends?

See TNSG.F dividend history and benchmarks

When do you need to buy TNSG.F by to receive an upcoming dividend?
Findev dividend dates
Ex Dividend Date	Dec 20 2024
Dividend Pay Date	Jan 16 2025
Days until Ex dividend	1 day
Days until Dividend pay date	28 days

Does TNSG.F pay a reliable dividends?

See TNSG.F dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/18 18:08
End of Day Share Price	2024/11/29 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analyst	Institution
Dushan Batrovic	Eight Capital
Ralph Garcea	Global Maxfin Capital
Damian Wojcichowsky	Jacob Securities Inc.

Findev OTCPK:TNSG.F Stock Report