Company Valuation: Findev Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 14.04 13.46 11.75 10.74 15.18 12.03
Change - -4.08% -12.77% -8.54% 41.33% -20.75%
Enterprise Value (EV) 1 13.75 13.18 11.46 10.46 14.88 11.66
Change - -4.11% -13.08% -8.72% 42.27% -21.66%
P/E 7.27x 2.49x 8.2x 5.38x 5.89x -1.8x
PBR 0.76x 0.59x 0.5x 0.43x 0.57x 0.63x
PEG - 0x -0.1x 0.1x 0.2x 0x
Capitalization / Revenue 6.31x 5.06x 3.86x 3.14x 4.2x 5.59x
EV / Revenue 6.18x 4.95x 3.76x 3.06x 4.12x 5.42x
EV / EBITDA - - - - - -
EV / EBIT 6.88x 5.41x 4.1x 3.32x 4.4x -1.95x
EV / FCF 2,257x -1,078x 30.9x -70.4x 37.5x 1.01x
FCF Yield 0.04% -0.09% 3.24% -1.42% 2.67% 99.3%
Dividend per Share 2 0.03 0.03 0.03 0.03 0.03 0.03
Rate of return 6.12% 6.38% 7.32% 8% 5.66% 7.14%
EPS 2 0.0674 0.1885 0.05 0.0697 0.09 -0.233
Distribution rate 44.5% 15.9% 60% 43% 33.3% -12.9%
Net sales 1 2.225 2.662 3.045 3.421 3.612 2.151
EBITDA - - - - - -
EBIT 1 1.997 2.438 2.798 3.15 3.384 -5.982
Net income 1 1.931 5.4 1.507 1.996 2.596 -6.674
Net Debt 1 -0.288 -0.2804 -0.2862 -0.2825 -0.3015 -0.3743
Reference price 2 0.4900 0.4700 0.4100 0.3750 0.5300 0.4200
Nbr of stocks (in thousands) 28,647 28,647 28,647 28,647 28,647 28,647
Announcement Date 03/05/21 20/04/22 28/04/23 19/04/24 31/03/25 01/05/26
1CAD in Million2CAD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.92x - - 0.54% 6.59B
-132x - - 23.41% 238M
Average -56.04x 11.98% 3.42B
Weighted average by Cap. 14.62x 1.34%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA