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Findev Inc., a 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 Inc. was incorporated in 2004 and is based in Toronto, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public filings and company disclosures for Findev Inc (FDI.V) are limited, so its exact core business and operations are not well-documented in widely available sources. As a venture‑exchange listed issuer it appears positioned as an early‑stage company that may benefit investors seeking exposure to small‑cap growth while lacking an established revenue track record and reporting history.
Key investment risks include low trading liquidity, potential need for external financing with dilution risk, limited disclosure and transparency, and operational and regulatory uncertainty typical of early‑stage issuers.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Income before tax | 3.35M | 2.97M | 2.24M | 2.39M | 1.93M |
| Net income | 2.60M | 2.00M | 1.51M | 5.40M | 1.93M |
| Selling general administrative | 0.26M | 0.30M | 0.28M | 0.26M | 0.27M |
| Gross profit | 3.61M | 3.42M | 3.04M | 2.66M | - |
| Ebit | - | - | - | 2.44M | 2.00M |
| Ebitda | - | - | 2.24M | 2.39M | 1.93M |
| Operating income | 3.35M | 3.11M | 2.76M | 2.40M | 1.95M |
| Interest expense | - | 0.00M | 0.00M | 0.00M | 0.00M |
| Tax provision | 0.75M | 0.98M | 0.74M | -3.01M | - |
| Net interest income | -0.00M | -0.00M | -0.00M | -0.00M | -0.00M |
| Income tax expense | - | - | - | -3.01M | - |
| Total revenue | 3.61M | 3.42M | 3.04M | 2.66M | 2.23M |
| Total operating expenses | 0.26M | 0.31M | 0.28M | 0.26M | 0.27M |
| Cost of revenue | 0.00M | 0.00M | 0.00M | 0.00M | - |
| Total other income expense net | - | -0.14M | -0.52M | -0.01M | -0.02M |
| Net income from continuing ops | 2.60M | 2.00M | 1.51M | 5.40M | 1.93M |
| Net income applicable to common shares | - | - | - | 5.40M | 1.93M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 27.19M | 25.10M | 23.95M | 23.29M | 18.73M |
| Total liab | 0.66M | 0.32M | 0.30M | 0.28M | 0.27M |
| Total stockholder equity | 26.53M | 24.79M | 23.65M | 23.00M | 18.46M |
| Other current liab | - | - | - | 0.21M | 0.21M |
| Common stock | - | - | - | 34.47M | 34.47M |
| Capital stock | 34.47M | 34.47M | 34.47M | 34.47M | 34.47M |
| Retained earnings | -20.60M | -22.33M | -23.47M | -24.12M | -28.66M |
| Other assets | - | - | - | 3.01M | - |
| Cash | 0.30M | 0.28M | 0.29M | 0.28M | 0.29M |
| Total current liabilities | 0.66M | 0.32M | 0.30M | 0.28M | 0.27M |
| Total current assets | 27.19M | 23.80M | 21.67M | 20.27M | 18.73M |
| Net tangible assets | - | - | - | 23.00M | 18.46M |
| Short term investments | 26.02M | - | - | - | - |
| Net receivables | - | - | - | 19.99M | 18.42M |
| Accounts payable | 0.06M | 0.04M | 0.05M | 0.04M | 0.02M |
| Non current assets total | 0.00M | 1.30M | 2.28M | 3.01M | 0.00M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Change to liabilities | - | - | - | 0.02M | 0.01M |
| Total cash from financing activities | -0.86M | -0.86M | -0.86M | -0.86M | -0.86M |
| Change to operating activities | - | - | - | 0.02M | -0.00M |
| Net income | 2.60M | 2.00M | 1.51M | 5.40M | 1.93M |
| Change in cash | 0.02M | -0.00M | 0.01M | -0.01M | -0.17M |
| Begin period cash flow | 0.28M | 0.29M | 0.28M | 0.29M | 0.46M |
| End period cash flow | 0.30M | 0.28M | 0.29M | 0.28M | 0.29M |
| Total cash from operating activities | 0.88M | 0.86M | 0.87M | 0.85M | 0.69M |
| Dividends paid | -0.86M | -0.86M | 0.86M | 0.86M | 0.86M |
| Change to account receivables | - | - | - | - | 0.04M |
| Change to netincome | - | - | - | -4.58M | -1.29M |
| Capital expenditures | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in working capital | 0.04M | 0.02M | 0.02M | 0.03M | 0.05M |
| Other non cash items | -2.76M | -2.31M | -1.90M | -1.61M | -1.24M |
| Free cash flow | 0.88M | 0.86M | 0.87M | 0.85M | 0.69M |
Sector: Financial Services Industry: Mortgage Finance
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FDI Findev Inc |
0.02 8.00% |
0.27 | - | 61.35 | 28.58 | 0.46 | 3.16 | 3.43 |
| BCF Builders Capital Mortgage Corp |
- -% |
9.90 | 8.03 | - | 6.29 | 1.01 | 11.05 | - |
Findev Inc., a 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 Inc. was incorporated in 2004 and is based in Toronto, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Sruli Weinreb | CEO & Director | 1980 |
| Mr. Claude Ayache | Chief Financial Officer | 1963 |
| Mr. Claude Ayache CMA, CPA | Chief Financial Officer | 1963 |
| Mr. Yisroel Weinreb | CEO & Director | 1980 |
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