Findi (AU:FND)
ASX:FND
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Findi
(Sydney:FND)
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Rating:40Underperform
Price Target:
AU$0.77
▼(-28.50% Downside)
Action:DowngradedDate:03/21/26
The score is held down primarily by weak financial performance (declining revenue, negative profitability, high leverage, and sharply deteriorating free cash flow). Technicals add further pressure as the stock trades below key moving averages with negative momentum indicators. Valuation provides limited support because the negative P/E reflects ongoing losses and no dividend yield is available.
Positive Factors
Business model serving underbanked customers
Findi's focus on physical cash access and basic financial services targets structurally underserved, cash-reliant customers. This niche creates enduring demand and high switching costs for physical distribution, supporting steady transactional revenue and long-term relevance despite digital trends.
Negative Factors
Declining revenue and compressing margins
Persistent revenue decline and a sharp fall in gross margin indicate structural pressures on pricing, costs, or transaction volumes. Negative net margin shows losses after operating costs and financing, eroding the firm's ability to reinvest and threatening long-term viability without operational improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model serving underbanked customers
Findi's focus on physical cash access and basic financial services targets structurally underserved, cash-reliant customers. This niche creates enduring demand and high switching costs for physical distribution, supporting steady transactional revenue and long-term relevance despite digital trends.
Read all positive factors
Findi (FND) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$60.00M
Dividend YieldN/A
Average Volume (3M)228.41K
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue Growth21.65%
EPS Growth-463300.00%
CountryAU
Employees692
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.38
Shares Outstanding77,923,120
10 Day Avg. Volume442,254
30 Day Avg. Volume228,407
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)3.03
Price to Sales (P/S)3.20
P/FCF Ratio1.39K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.27
Revenue Forecast (FY)AU$174.89M
Findi Business Overview & Revenue Model
Company Description
Findi Limited, through its subsidiaries, provides Fintech and ATM managed services. The company offers solutions in the fintech digital payment, e commerce, cyber security, crypto, analytics, web 3.0, and cloud services. It also, through its inter...
How the Company Makes Money
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Findi Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 91.99M | 61.06M | 62.84M | 52.13M | 4.57M | 80.00K |
| Gross Profit | 222.00K | 9.56M | 12.07M | 10.11M | -149.00K | 25.00K |
| EBITDA | 36.84M | 31.42M | 27.50M | 18.19M | -10.00K | -404.00K |
| Net Income | -33.20M | -12.48M | 4.01M | 2.44M | -1.52M | 10.40M |
Balance Sheet | ||||||
| Total Assets | 300.32M | 323.47M | 198.37M | 107.68M | 59.72M | 28.99M |
| Cash, Cash Equivalents and Short-Term Investments | 39.27M | 82.92M | 70.32M | 25.89M | 23.22M | 22.71M |
| Total Debt | 164.52M | 149.66M | 134.74M | 63.33M | 22.26M | 0.00 |
| Total Liabilities | 257.71M | 258.95M | 161.50M | 86.38M | 45.66M | 8.06M |
| Stockholders Equity | 42.62M | 64.52M | 36.52M | 21.64M | 14.83M | 20.92M |
Cash Flow | ||||||
| Free Cash Flow | -40.25M | 140.00K | 20.05M | -27.52M | -2.24M | -1.51M |
| Operating Cash Flow | 941.00K | 17.50M | 26.69M | 4.67M | -2.19M | -1.43M |
| Investing Cash Flow | -60.89M | -18.10M | -48.28M | -28.73M | -8.40M | 23.93M |
| Financing Cash Flow | 63.40M | 16.53M | 49.48M | 41.13M | -11.39M | -833.00K |
Findi Technical Analysis
Positive
1.07
Price Trends
0.82
Negative
1.14
Negative
2.17
Negative
Market Momentum
-0.01
Negative
49.56
Neutral
53.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FND, the sentiment is Positive. The current price of 1.07 is above the 20-day moving average (MA) of 0.76, above the 50-day MA of 0.82, and below the 200-day MA of 2.17, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 49.56 is Neutral, neither overbought nor oversold. The STOCH value of 53.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FND.
Findi Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$408.89M | 7.43 | 8.20% | ― | 1.06% | -30.96% | |
63 Neutral | AU$74.70M | 7.18 | 19.30% | ― | 13.74% | 70.80% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | AU$29.52M | 0.19 | 350.35% | ― | 24.46% | 24.10% | |
46 Neutral | AU$219.48M | -22.61 | -16.07% | ― | 10.79% | 46.67% | |
40 Underperform | AU$60.00M | -2.54 | -58.02% | ― | 21.65% | -463300.00% | |
40 Underperform | AU$83.40M | -11.79 | -162.45% | ― | 88.69% | 46.39% |
* Technology Sector Average
AU:FND
Findi
0.81
-3.49
-81.24%
AU:AV1
Adveritas Limited
0.09
0.01
16.25%
AU:QFE
QuickFee Ltd.
0.08
0.05
181.48%
AU:B4P
Beforepay Group Limited
1.46
0.39
36.45%
AU:WRK
Wrkr Ltd
0.12
0.06
91.67%
AU:TYR
Tyro Payments Ltd.
0.82
0.15
22.39%
Findi Corporate Events
Findi Sets Virtual Extraordinary General Meeting to Boost Shareholder Participation
Mar 19, 2026
Findi Limited has called an online-only extraordinary general meeting for 20 April 2026, giving shareholders access to the notice of meeting and explanatory memorandum via its website and the ASX announcements platform. The company is shifting tow...
Findi Calls Virtual Extraordinary General Meeting for April 2026
Mar 19, 2026
Findi Limited has called an extraordinary general meeting (EGM) of shareholders to be held virtually on 20 April 2026 at 10:00am AEST. Only shareholders registered by 7:00pm AEST on 18 April 2026 will be eligible to vote on the resolutions to be c...
Findi seeks ASX quotation for 13.7 million new shares
Mar 18, 2026
Findi Limited has applied to the Australian Securities Exchange for the quotation of 13,683,113 new ordinary fully paid shares under its existing FND code. The securities were issued on March 13, 2026, as part of previously announced transactions,...
Findi Raises A$9m in Tranche 1 Placement to Strengthen Indian Operations
Mar 18, 2026
Findi Limited has completed settlement of Tranche 1 of its A$25 million institutional placement, raising A$9 million through the issue of 13,390,613 new shares at A$0.70 each under its existing placement capacity. The funds will be used to refinan...
Findi Updates Prospectus as It Reshapes Capital Structure for Sphere Acquisition
Mar 12, 2026
Findi Limited has released a second supplementary prospectus updating its ongoing capital raising tied to the acquisition of Sphere (For Good) Holdings Pty Ltd and related share issues. The document formalises changes to the offer timetable, refle...
S&P Dow Jones Indices Revises March 2026 All Ordinaries Rebalance
Mar 10, 2026
SP Dow Jones Indices has updated the results of its March 2026 quarterly review of the All Ordinaries index, reversing earlier decisions involving African Gold Limited and American Rare Earths Limited. African Gold will no longer be added, while A...
Resources Stocks Drive March 2026 Shake-Up of S&P/ASX Indices
Mar 6, 2026
SP Dow Jones Indices has announced its March 2026 quarterly rebalance of the SP/ASX index family, triggering constituent changes across the SP/ASX 20, 50, 100, 200 and 300 indices effective before trading on March 23, 2026. The reshuffle, which in...
Findi Limited Plans Major Share and Options Issue on ASX
Mar 6, 2026
Findi Limited has notified the ASX of a proposed capital raising via a placement and related securities issue. The company plans to issue up to 35,714,286 new fully paid ordinary shares, alongside two new classes of options: 2,000,000 options exer...
Findi Cancels Nova Investment EGM After $25m Placement Shift
Mar 6, 2026
Findi Limited has cancelled the extraordinary general meeting scheduled for 31 March 2026, which was to seek shareholder approval for a strategic investment by Nova Global Opportunities Fund in its Indian subsidiary. The company is no longer proce...
Findi outlines high‑risk profile in new strategic institutional investment briefing
Mar 1, 2026
Findi has released an investor presentation outlining a strategic institutional investment and providing high‑level, summary information on its business, risks and assumptions for potential shareholders. The document emphasises that the mate...
Findi Raises A$25m to Boost TSI Control and Fund Indian Growth Push
Mar 1, 2026
Findi Limited has secured A$25 million in an institutional placement to sophisticated and institutional investors at A$0.70 per share, with the funds earmarked to refinance the balance sheet of Transaction Solutions International India and materia...
Findi Extends Capital Raising Offer and Updates Market Disclosures
Feb 27, 2026
Findi Limited has issued a supplementary prospectus to update investors on changes to its ongoing capital raising offer, primarily extending the offer’s closing date from 27 February 2026 to 16 March 2026. The revised timetable shifts the is...
Findi Requests Trading Halt Ahead of Proposed Capital Raising
Feb 26, 2026
Findi Limited has requested a trading halt in its ordinary shares on the ASX, with the suspension to remain in place until either the start of normal trading on 2 March 2026 or the release of a pending announcement. The move is designed to help th...
Findi Sets March 2026 Extraordinary Meeting, Pushes Digital Proxy Voting
Feb 24, 2026
Findi Limited, an Australia-based public company registered in Melbourne under ACN 057 335 672, continues to operate under a conventional listed-company framework, using shareholder meetings and proxy mechanisms to manage corporate governance. The...
Findi Calls March Extraordinary General Meeting, Urges Proxy Voting
Feb 24, 2026
Findi Limited has called an Extraordinary General Meeting of shareholders for 10:00 a.m. AEDT on 31 March 2026, to be held as a physical gathering at its specified Southbank, Victoria venue. The company has published the meeting notice and related...
Findi Shares to Resume Trading on ASX After Compliance Queries Resolved
Jan 29, 2026
Trading in Findi Limited (ASX: FND) securities on the Australian Securities Exchange is set to resume from the commencement of trading on Friday, 30 January 2026. The reinstatement to quotation follows ASX’s receipt of the company’s re...
Findi Defends Conservative Valuation Approach for TSI’s Planned Indian IPO
Jan 29, 2026
Findi Limited has responded to a fresh set of queries from ASX Compliance regarding the valuation assumptions underpinning the planned Indian IPO of its subsidiary TSI, detailing how it selected peer companies and valuation multiples. The company ...
Findi Appoints New Director Linked to Sphere Acquisition Equity Grant
Jan 19, 2026
Findi Limited has appointed Tineyi Matanda as a director effective 12 January 2026, according to a disclosure lodged with the ASX. At the time of appointment, Matanda holds no direct or indirect interests in Findi securities, but the company has a...
Findi Shares Voluntarily Suspended on ASX Amid Queries Over Nova Global Investment
Jan 19, 2026
Findi Limited has requested and been granted an immediate voluntary suspension of trading in its ordinary shares on the ASX, effective 19 January 2026, while it addresses queries from the exchange regarding the Nova Global Investment. The suspensi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.