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Findi (AU:FND)
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Findi (FND) AI Stock Analysis

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AU:FND

Findi

(Sydney:FND)

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Underperform 39 (OpenAI - 4o)
Rating:39Underperform
Price Target:
AU$1.50
▼(-8.54% Downside)
Findi's overall stock score is significantly impacted by its poor financial performance, which is the most critical factor. The company's declining revenue, negative profitability, high leverage, and severe cash flow issues are major concerns. Additionally, technical analysis indicates a bearish trend with oversold conditions, and the valuation is unattractive due to a negative P/E ratio and lack of dividends. These factors collectively result in a low overall stock score.
Positive Factors
Business Model
The subscription-based model provides a stable and predictable revenue stream, enhancing long-term financial stability and customer retention.
Strategic Partnerships
Partnerships with major platforms expand market reach and customer base, fostering revenue growth and competitive positioning in the e-commerce sector.
Product Innovation
Utilizing AI for search solutions positions Findi as an innovator, potentially driving demand and differentiation in the competitive tech landscape.
Negative Factors
Revenue Decline
A decline in revenue indicates challenges in maintaining sales momentum, which can impact long-term growth and market competitiveness.
High Leverage
High leverage poses financial risks, limiting flexibility and increasing vulnerability to economic downturns, affecting long-term financial health.
Cash Flow Issues
Severe cash flow issues can lead to liquidity problems, affecting the company's ability to invest in growth opportunities and meet financial obligations.

Findi (FND) vs. iShares MSCI Australia ETF (EWA)

Findi Business Overview & Revenue Model

Company DescriptionFindi 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 interest in TSI India, provides e-surveillance; end-to-end ATM managed services to various banks in India; power management; and payment solutions for utilities, telcos, and insurance companies in India. The company was formerly known as Vortiv Limited. Findi Limited was incorporated in 1992 and is based in Melbourne, Australia.
How the Company Makes MoneyFindi generates revenue primarily through a subscription-based model, where e-commerce platforms and retailers pay for access to its search technology and analytics tools. Additionally, the company earns money from transaction fees on sales facilitated through its platform, contributing to its overall earnings. Strategic partnerships with major e-commerce platforms and retailers further enhance Findi's visibility and customer base, allowing the company to expand its reach and increase its revenue streams. Advertising services, where brands can promote their products through Findi's search results, also provide a supplementary source of income.

Findi Financial Statement Overview

Summary
Findi faces significant financial challenges across all verticals. The income statement reflects declining revenue and profitability, with negative net income margins. The balance sheet is burdened by high leverage, posing financial risks. Cash flow analysis indicates severe cash generation issues, raising concerns about liquidity. Overall, the company needs to address these financial weaknesses to improve its financial health.
Income Statement
35
Negative
Findi's income statement shows declining revenue with a negative growth rate of -8.21% in the latest year, indicating challenges in maintaining sales momentum. The gross profit margin has decreased significantly from 25.13% to 15.65%, reflecting increased cost pressures or pricing challenges. The net profit margin has turned negative at -20.44%, highlighting profitability issues. Despite a relatively strong EBITDA margin of 51.45%, the overall profitability is concerning due to the negative net income.
Balance Sheet
45
Neutral
The balance sheet reveals a high debt-to-equity ratio of 2.32, indicating significant leverage which could pose financial risk. The return on equity is negative at -19.35%, reflecting poor returns for shareholders. However, the equity ratio stands at 19.94%, suggesting a moderate level of equity financing relative to total assets. Overall, the financial stability is weakened by high leverage and negative returns.
Cash Flow
30
Negative
Cash flow analysis shows a dramatic decline in free cash flow growth at -98.90%, indicating severe cash generation issues. The operating cash flow to net income ratio is low at 0.13, suggesting inefficiencies in converting income to cash. The free cash flow to net income ratio is also weak at 0.01, highlighting challenges in generating cash from operations. These factors point to potential liquidity concerns.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue76.26M61.06M62.84M52.13M4.57M80.00K
Gross Profit47.02M9.56M12.07M10.11M-149.00K25.00K
EBITDA47.42M31.42M27.50M18.19M-10.00K-404.00K
Net Income-16.32M-12.48M4.01M2.44M-1.52M10.40M
Balance Sheet
Total Assets323.47M323.47M198.37M107.68M59.72M28.99M
Cash, Cash Equivalents and Short-Term Investments82.92M82.92M70.32M25.89M23.22M22.71M
Total Debt149.66M149.66M134.74M63.33M22.26M0.00
Total Liabilities258.95M258.95M161.50M86.38M45.66M8.06M
Stockholders Equity64.52M64.52M36.52M21.64M14.83M20.92M
Cash Flow
Free Cash Flow140.00K140.00K20.05M-27.52M-2.24M-1.51M
Operating Cash Flow17.50M17.50M26.69M4.67M-2.19M-1.43M
Investing Cash Flow-32.39M-18.10M-48.28M-28.73M-8.40M23.93M
Financing Cash Flow30.84M16.53M49.48M41.13M-11.39M-833.00K

Findi Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price1.64
Price Trends
50DMA
2.27
Negative
100DMA
3.00
Negative
200DMA
3.67
Negative
Market Momentum
MACD
-0.19
Negative
RSI
39.28
Neutral
STOCH
39.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FND, the sentiment is Neutral. The current price of 1.64 is below the 20-day moving average (MA) of 1.64, below the 50-day MA of 2.27, and below the 200-day MA of 3.67, indicating a bearish trend. The MACD of -0.19 indicates Negative momentum. The RSI at 39.28 is Neutral, neither overbought nor oversold. The STOCH value of 39.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:FND.

Findi Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
AU$136.94M19.5919.30%13.74%70.80%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
58
Neutral
AU$566.19M31.568.20%1.06%-30.96%
52
Neutral
AU$247.01M-81.25-19.83%10.79%46.67%
50
Neutral
AU$43.54M-9.13-60.86%24.46%24.10%
41
Neutral
€134.01M-16.29-485.99%88.69%46.39%
39
Underperform
€122.06M-9.61-74.16%21.65%-510200.00%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:FND
Findi
1.64
-3.87
-70.27%
AU:AV1
Adveritas Limited
0.14
0.04
40.00%
AU:QFE
QuickFee Ltd.
0.06
0.02
50.00%
AU:B4P
Beforepay Group Limited
2.67
1.13
73.38%
AU:WRK
Wrkr Ltd
0.12
0.06
100.00%
AU:TYR
Tyro Payments Ltd.
1.03
0.12
13.19%

Findi Corporate Events

Findi Limited Reports Robust Growth in ATM Franchises and Digital Transactions
Nov 2, 2025

Findi Limited has reported significant growth in its White Label ATM franchise sales, doubling the number of franchises to 1,123 by the end of October 2025. This rapid expansion is supported by potential partnerships with large-scale channel partners in India, which could further accelerate their ATM footprint. Concurrently, Findi’s Bankit digital platform achieved a record annualized Gross Transaction Value of A$5.26 billion, reflecting strong consumer adoption of digital financial services. The platform’s merchant network also expanded, adding 2,244 new merchants in October. This dual growth in physical and digital channels underscores Findi’s strategy to enhance its presence in India’s financial services landscape, with the aim of becoming a Payments bank.

The most recent analyst rating on (AU:FND) stock is a Sell with a A$2.00 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.

Findi Limited Announces New Securities Issuance
Oct 21, 2025

Findi Limited has announced a new issuance of securities, which includes 543,478 performance shares and 978,261 ordinary fully paid shares. This proposed issuance is set to take place on December 22, 2025, and is part of a placement or other type of issue. The announcement indicates Findi’s strategic move to potentially enhance its capital structure, which could impact its market positioning and stakeholder interests.

The most recent analyst rating on (AU:FND) stock is a Sell with a A$2.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.

Findi Acquires Sphere to Bolster Market Position
Oct 21, 2025

Findi has announced its acquisition of Sphere, which is expected to enhance its operational capabilities and strengthen its market position in the financial services industry. This strategic move is anticipated to have significant implications for the company’s operations and its stakeholders, potentially increasing its competitive edge in the market.

The most recent analyst rating on (AU:FND) stock is a Sell with a A$2.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.

Findi Secures New Debt Facility and Acquires Sphere to Boost Growth
Oct 21, 2025

Findi Limited has announced a series of strategic initiatives to bolster its financial position and operational capabilities. The company has secured a new A$30 million debt facility to replace existing notes and unlock restricted cash, which will support its expansion plans in India, including the rollout of the BC Max branch program and the Brown Label ATM network. Additionally, Findi is set to acquire Sphere, a company specializing in bank-grade loyalty, rewards, and ESG technology, which will enhance its ecosystem and create new revenue opportunities. The acquisition will also strengthen Findi’s ESG credentials ahead of its planned Indian IPO. Despite facing some operational challenges in the first half of FY26, Findi expects a strong rebound in the second half, with significant growth in revenue and EBITDA projected.

The most recent analyst rating on (AU:FND) stock is a Sell with a A$2.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.

Findi Limited Addresses ASX Price Query Amid Social Media Controversy
Oct 9, 2025

Findi Limited, a company listed on the ASX, has responded to a price query from the ASX regarding the recent fluctuations in its share price and trading volume. The company stated that it is not aware of any undisclosed information that could explain the recent trading activity. However, it acknowledged that false and misleading comments were made by a former Vice Chairman of its Indian subsidiary on social media, and legal action will be pursued. Findi confirmed its compliance with ASX Listing Rules and that the board has authorized the responses provided.

The most recent analyst rating on (AU:FND) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.

Findi Limited to Announce FY26 Guidance and IPO Plans
Oct 8, 2025

Findi Limited, listed on the ASX under the ticker FND, has announced plans to provide a comprehensive market update by the end of October 2025. This update will cover guidance for the fiscal year 2026, progress on the integration of its recent acquisitions in India, and details regarding its strategy and planning for an upcoming IPO. The announcement signifies Findi’s active steps towards expanding its operations and enhancing its market positioning, which could have significant implications for its stakeholders.

The most recent analyst rating on (AU:FND) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.

Findi Limited Secures Key Resolutions at Annual General Meeting
Aug 28, 2025

Findi Limited announced the successful passage of all resolutions at its annual general meeting, including a special resolution for a 10% placement facility. The approval of these resolutions, particularly the placement facility, positions the company for potential growth and expansion, impacting its market strategy and stakeholder interests positively.

The most recent analyst rating on (AU:FND) stock is a Buy with a A$11.39 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.

Findi Limited Advances Towards Becoming a Comprehensive Payments Bank
Aug 28, 2025

Findi Limited has made significant strides in its transformation into a comprehensive payments bank, marked by strategic acquisitions and partnerships in India. The company is preparing for the IPO of its Indian subsidiary, Transaction Solutions International, and has launched initiatives like co-branded BC Max Centres and expanded its ATM network, enhancing its reach in semi-urban and rural areas. These efforts are expected to drive growth and strengthen Findi’s position in the financial services industry, with anticipated stronger earnings and further expansion plans in 2026.

The most recent analyst rating on (AU:FND) stock is a Buy with a A$11.39 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.

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.

Disclaimer

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.Date of analysis: Nov 13, 2025