Findi (AU:FND)
ASX:FND
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Findi
(Sydney:FND)
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Rating:38Underperform
Price Target:
AU$0.57
â–¼(-46.45% Downside)
Action:Reiterated
Date:05/30/26
The score is held down primarily by deteriorating financial performance (large loss, negative operating/free cash flow) and elevated balance-sheet leverage with a reduced equity cushion. Technicals also point to a sustained downtrend (below key moving averages, negative MACD), while valuation support is limited due to losses (negative P/E) and no dividend yield data.
Positive Factors
Transaction-based revenue model
A transaction-fee business tied to an ATM and agent network creates recurring per-use revenue that scales with transaction volumes. This model benefits from network effects and predictable unit economics, supporting durable cash-flow potential as payment volume grows over time.
Negative Factors
Elevated financial leverage
Very high debt relative to a thin equity base materially raises refinancing and solvency risk. Over a 2–6 month horizon this limits strategic flexibility, increases interest burden vulnerability, and amplifies downside from any operational shortfalls or slower revenue recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Transaction-based revenue model
A transaction-fee business tied to an ATM and agent network creates recurring per-use revenue that scales with transaction volumes. This model benefits from network effects and predictable unit economics, supporting durable cash-flow potential as payment volume grows over time.
Read all positive factors
Findi (FND) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$60.98M
Dividend YieldN/A
Average Volume (3M)228.41K
Price to Earnings (P/E)―
Beta (1Y)0.86
Revenue Growth35.91%
EPS Growth-299.12%
CountryAU
Employees692
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.82
Shares Outstanding99,969,120
10 Day Avg. Volume442,254
30 Day Avg. Volume228,407
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.53
Price to Sales (P/S)0.45
P/FCF Ratio-0.74
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
Findi primarily makes money by monetizing transactions conducted across its cash access and payments network. Key revenue streams typically include fees and commissions linked to ATM usage (e.g., interchange/transaction fees for cash withdrawals a...
Findi Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
24
Negative
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 82.98M | 61.06M | 62.84M | 52.13M | 4.57M |
| Gross Profit | 0.00 | 9.56M | 12.07M | 10.11M | -149.00K |
| EBITDA | -3.86M | 31.42M | 27.50M | 18.19M | -10.00K |
| Net Income | -44.16M | -12.48M | 4.01M | 2.44M | -1.52M |
Balance Sheet | |||||
| Total Assets | 280.69M | 323.47M | 198.37M | 107.68M | 59.72M |
| Cash, Cash Equivalents and Short-Term Investments | 38.20M | 82.92M | 70.32M | 25.89M | 23.22M |
| Total Debt | 154.61M | 149.66M | 134.74M | 63.33M | 22.26M |
| Total Liabilities | 256.05M | 258.95M | 161.50M | 86.38M | 45.66M |
| Stockholders Equity | 24.64M | 64.52M | 36.52M | 21.64M | 14.83M |
Cash Flow | |||||
| Free Cash Flow | -50.60M | 140.00K | 20.05M | -27.52M | -2.24M |
| Operating Cash Flow | -22.01M | 17.50M | 26.69M | 4.67M | -2.19M |
| Investing Cash Flow | -42.85M | -18.10M | -48.28M | -28.73M | -8.40M |
| Financing Cash Flow | 28.67M | 16.53M | 49.48M | 41.13M | -11.39M |
Findi Technical Analysis
Negative
1.07
Price Trends
0.74
Negative
0.87
Negative
1.71
Negative
Market Momentum
-0.06
Positive
42.54
Neutral
29.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FND, the sentiment is Negative. The current price of 1.07 is above the 20-day moving average (MA) of 0.66, above the 50-day MA of 0.74, and below the 200-day MA of 1.71, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 42.54 is Neutral, neither overbought nor oversold. The STOCH value of 29.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$470.12M | 18.43 | 10.65% | ― | -0.38% | -18.37% | |
67 Neutral | AU$64.74M | 7.83 | 19.44% | ― | 17.41% | 78.27% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | AU$25.69M | 0.75 | 350.35% | ― | 4.71% | ― | |
46 Neutral | AU$179.58M | -44.28 | -16.07% | ― | 20.17% | -16.67% | |
40 Underperform | AU$72.28M | -13.58 | -162.45% | ― | 69.31% | 51.59% | |
38 Underperform | AU$60.98M | -1.14 | -58.02% | ― | 35.91% | -299.12% |
* Technology Sector Average
AU:FND
Findi
0.61
-3.81
-86.20%
AU:AV1
Adveritas Limited
0.08
-0.02
-17.02%
AU:QFE
QuickFee Ltd.
0.07
0.05
294.12%
AU:B4P
Beforepay Group Limited
1.30
-0.10
-7.14%
AU:WRK
Wrkr Ltd
0.09
0.03
50.00%
AU:TYR
Tyro Payments Ltd.
0.89
-0.02
-2.21%
Findi Corporate Events
Findi lifts revenue 36% but books heavy loss amid India integration and capital delays
May 29, 2026
Findi Limited reported preliminary unaudited revenue of $83.0 million for the year ended 31 March 2026, a 36% increase over the prior year, while delivering $7.5 million in underlying EBITDA but a statutory net loss attributable to members of $52....
Findi names new director and discloses related shareholding
May 28, 2026
Findi Limited has appointed Andrew Grover as a director effective 21 May 2026, formalising his role on the company’s board under ASX listing rule disclosure requirements. The company reported that Grover holds no shares in his own name at th...
Findi strengthens board with ASX tech leader Andrew Grover
May 21, 2026
Findi Limited has appointed Andrew Grover as an independent non-executive director, adding more than 25 years of experience in founding, scaling and governing high-growth technology companies. Grover, who is executive chairman of AI-driven cardiac...
Findi director Nicholas Smedley lifts stake through placement and option grants
May 8, 2026
Findi Limited has disclosed a change in the indirect interests of director Nicholas Smedley, who has increased his holdings through More Capital Holdings Pty Ltd following share and option issuances. Smedley acquired 720,000 fully paid ordinary sh...
Findi Issues Cleansing Prospectus to Lift Trading Restrictions on New Shares
May 1, 2026
Findi Limited has issued a cleansing prospectus for a small offer of 1,000 shares at A$0.70 each, scheduled to close on 15 May 2026, aimed at facilitating the on-market trading of its securities. The company characterises the securities as specula...
Findi Seeks ASX Quotation for 22 Million Newly Issued Shares
May 1, 2026
Findi Limited has applied for quotation on the ASX of 22,045,995 ordinary fully paid shares under the ticker FND, with an issue date of May 1, 2026. The application, lodged as a new announcement, formalizes the move to have these already issued se...
Findi Shareholders Back All Resolutions at Extraordinary General Meeting
Apr 20, 2026
Findi Limited reported that all resolutions put to shareholders at its extraordinary general meeting on 20 April 2026 were passed by poll. Investors approved the ratification and issuance of various options and placement shares, including tranches...
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...
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.