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Findi
(Sydney:FND)
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Rating:41Neutral
Price Target:
AU$0.39
▼(-63.83% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak financial performance: a sharp 2026 earnings and cash-flow decline alongside significantly higher leverage and reduced equity cushion. Technicals add further pressure with the stock below key long-term moving averages and negative MACD, though RSI near oversold slightly moderates the downside signal. Valuation is not supportive because the negative P/E reflects losses and no dividend yield is available.
Positive Factors
Long-term revenue scale
Findi has demonstrated the ability to scale its revenue base substantially over several years, reaching approximately $83.0m in 2026 from a very small 2021 base. That history indicates its ATM and transaction-services platform can support meaningful expansion when operating conditions are favorable.
Negative Factors
Severe profitability deterioration
Profitability has deteriorated materially after modestly profitable 2023 and 2024 periods, with a large 2026 loss and approximately -53% net margin. This weakens internal funding capacity and raises uncertainty about whether revenue scale can translate into sustainable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-term revenue scale
Findi has demonstrated the ability to scale its revenue base substantially over several years, reaching approximately $83.0m in 2026 from a very small 2021 base. That history indicates its ATM and transaction-services platform can support meaningful expansion when operating conditions are favorable.
Read all positive factors
Findi (FND) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$40.49M
Dividend Yield311%
Average Volume (3M)0.00
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue Growth35.91%
EPS Growth-299.12%
CountryAU
Employees1,157
SectorTechnology
Sector Strength88
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-1.01
Shares Outstanding99,969,120
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.53
Price to Sales (P/S)0.42
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, engages in the development of digital payment systems in India. The company offers end-to-end transaction processing and managed services. It also provides payments and digital banking solutions through its...
How the Company Makes Money
Findi primarily makes money from fees and service revenues associated with operating an ATM network and providing related transaction services. Key revenue streams typically include: (1) ATM transaction fees earned when users withdraw cash or cond...
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 | 89.59M | 61.06M | 62.84M | 52.13M | 4.57M |
| Gross Profit | 89.59M | 9.56M | 12.07M | 10.11M | -149.00K |
| EBITDA | -3.86M | 18.89M | 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
0.41
Negative
0.42
Negative
0.67
Negative
Market Momentum
>-0.01
Negative
33.32
Neutral
>-0.01
Positive
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 0.40, above the 50-day MA of 0.41, and above the 200-day MA of 0.67, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 33.32 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$31.19M | 0.81 | 265.43% | 104.94% | -24.21% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | AU$73.89M | 8.91 | 17.63% | ― | 26.00% | 18.73% | |
56 Neutral | AU$367.85M | 16.87 | 8.60% | ― | 0.78% | 19.76% | |
50 Neutral | AU$41.06M | -20.71 | -2.86% | ― | -8.68% | 75.00% | |
42 Neutral | AU$11.52M | -0.63 | -2419.72% | ― | 49.69% | 20.65% | |
41 Neutral | AU$40.49M | -0.40 | -165.91% | 311.00% | 35.91% | -299.12% |
* Technology Sector Average
AU:FND
Findi
0.41
-2.14
-84.12%
AU:DCC
DigitalX Limited
0.03
-0.03
-50.00%
AU:QFE
QuickFee Ltd.
0.08
0.05
125.00%
AU:B4P
Beforepay Group Limited
1.45
-0.87
-37.50%
AU:W2V
WAY 2 VAT LTD
0.04
-0.06
-62.00%
AU:TYR
Tyro Payments Ltd.
0.69
-0.45
-39.21%
Findi Corporate Events
Findi to Release 1.9 Million Escrowed Shares Following Sphere Acquisition
Jul 21, 2026
Findi Limited has announced that 1,920,870 fully paid ordinary shares will be released from voluntary escrow on 12 August 2026, following its earlier acquisition of Sphere. The move increases the freely tradable share float and may affect liquidit...
Findi Seeks Voluntary Suspension as Strategic Review Delays Accounts
Jun 21, 2026
Findi Limited has requested and received a voluntary suspension of trading in its securities on the ASX, effective 22 June 2026, under Listing Rule 17.2. The suspension was sought because the company does not expect to finalise and lodge its audit...
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.