Findev Inc
Findev Inc., a real estate finance company, provides real estate financing secured by investment properties and real estate developments in Canada. It targets real estate projects that include condominiums, purpose-built rentals, townhouses, low-rise/subdivisions, and retail developments. The company was formerly known as TransGaming Inc. and changed its name to Findev Inc. in October 2016. Finde… Read more
Findev Inc (TNSGF) - Net Assets
Latest net assets as of September 2025: $24.86 Million USD
Based on the latest financial reports, Findev Inc (TNSGF) has net assets worth $24.86 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.42 Million) and total liabilities ($563.24K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $24.86 Million |
| % of Total Assets | 97.78% |
| Annual Growth Rate | 24.55% |
| 5-Year Change | 43.67% |
| 10-Year Change | 1408.21% |
| Growth Volatility | 291.6 |
Findev Inc - Net Assets Trend (2008–2024)
This chart illustrates how Findev Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Findev Inc (2008–2024)
The table below shows the annual net assets of Findev Inc from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $26.53 Million | +7.01% |
| 2023-12-31 | $24.79 Million | +4.81% |
| 2022-12-31 | $23.65 Million | +2.82% |
| 2021-12-31 | $23.00 Million | +24.59% |
| 2020-12-31 | $18.46 Million | +37.85% |
| 2019-12-31 | $13.39 Million | +10.27% |
| 2018-12-31 | $12.15 Million | -4.35% |
| 2017-12-31 | $12.70 Million | +12.45% |
| 2016-12-31 | $11.29 Million | +542.07% |
| 2015-12-31 | $1.76 Million | +15.73% |
| 2014-12-31 | $1.52 Million | -60.94% |
| 2013-12-31 | $3.89 Million | +119.67% |
| 2012-12-31 | $1.77 Million | -25.71% |
| 2011-12-31 | $2.38 Million | -60.11% |
| 2010-12-31 | $5.98 Million | -37.26% |
| 2009-12-31 | $9.53 Million | +1104.32% |
| 2008-12-31 | $791.02K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Findev Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2059579700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $34.47 Million | 129.97% |
| Other Components | $12.65 Million | 47.68% |
| Total Equity | $26.53 Million | 100.00% |
Findev Inc Competitors by Market Cap
The table below lists competitors of Findev Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chosun Welding Pohang Co. Ltd.
KQ:120030
|
$719.74K |
|
ITRON - Dusseldorf Stock Exchang
DU:IT6
|
$719.86K |
|
Integrated Ventures Inc
OTCQB:INTV
|
$720.36K |
|
HTC Purenergy Inc.
V:HTC
|
$720.58K |
|
Zamp S.A.
SA:ZAMP3
|
$718.92K |
|
BURGENLAND HOLDING
BE:BH4
|
$718.80K |
|
Anatara Lifesciences Ltd
AU:ANR
|
$718.75K |
|
ONEOK (ONK.SG)
STU:ONK
|
$718.41K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Findev Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,788,785 to 26,525,365, a change of 1,736,580 (7.0%).
- Net income of 2,596,004 contributed positively to equity growth.
- Dividend payments of 859,424 reduced retained earnings.
- Other comprehensive income decreased equity by 18,703,138.
- Other factors increased equity by 18,703,138.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.60 Million | +9.79% |
| Dividends Paid | $859.42K | -3.24% |
| Other Comprehensive Income | $-18.70 Million | -70.51% |
| Other Changes | $18.70 Million | +70.51% |
| Total Change | $- | 7.01% |
Book Value vs Market Value Analysis
This analysis compares Findev Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.05x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $0.86 | $0.05 | x |
| 2013-12-31 | $1.45 | $0.05 | x |
| 2014-12-31 | $0.46 | $0.05 | x |
| 2016-12-31 | $0.88 | $0.05 | x |
| 2017-12-31 | $0.44 | $0.05 | x |
| 2018-12-31 | $0.42 | $0.05 | x |
| 2019-12-31 | $0.47 | $0.05 | x |
| 2020-12-31 | $0.64 | $0.05 | x |
| 2021-12-31 | $0.80 | $0.05 | x |
| 2022-12-31 | $0.83 | $0.05 | x |
| 2023-12-31 | $0.87 | $0.05 | x |
| 2024-12-31 | $0.93 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Findev Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.79%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 71.87%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.03x
- Recent ROE (9.79%) is above the historical average (-9.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.00% | 0.00% | 1.74x | 2.25x | $-79.10K |
| 2009 | 0.00% | 0.00% | 0.35x | 1.14x | $-952.64K |
| 2010 | 0.00% | 0.00% | 0.69x | 1.27x | $-597.73K |
| 2011 | 0.00% | 0.00% | 0.64x | 4.03x | $-238.44K |
| 2012 | -112.23% | -19.65% | 1.37x | 4.17x | $-2.17 Million |
| 2013 | -94.32% | -100.42% | 0.41x | 2.26x | $-4.06 Million |
| 2014 | -194.03% | -101.40% | 0.61x | 3.14x | $-3.10 Million |
| 2015 | 226.76% | 205.57% | 0.65x | 1.69x | $3.81 Million |
| 2016 | -64.59% | -2322.63% | 0.03x | 1.06x | $-8.42 Million |
| 2017 | 8.81% | 90.52% | 0.10x | 1.02x | $-150.59K |
| 2018 | 9.08% | 85.46% | 0.10x | 1.01x | $-112.10K |
| 2019 | 9.42% | 82.03% | 0.11x | 1.02x | $-77.27K |
| 2020 | 10.46% | 86.78% | 0.12x | 1.01x | $84.90K |
| 2021 | 23.48% | 202.87% | 0.11x | 1.01x | $3.10 Million |
| 2022 | 6.37% | 49.50% | 0.13x | 1.01x | $-858.12K |
| 2023 | 8.05% | 58.36% | 0.14x | 1.01x | $-482.49K |
| 2024 | 9.79% | 71.87% | 0.13x | 1.03x | $-56.53K |
Industry Comparison
This section compares Findev Inc's net assets metrics with peer companies in the Mortgage Finance industry.
Industry Context
- Industry: Mortgage Finance
- Average net assets among peers: $854,818,960
- Average return on equity (ROE) among peers: -13.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Findev Inc (TNSGF) | $24.86 Million | 0.00% | 0.02x | $718.98K |
| Atrium Mortgage Investment Corporation (AMIVF) | $482.21 Million | 10.68% | 0.82x | $339.62 Million |
| AVVAA World Health Care Products Inc (AVVH) | $-41.07K | 0.00% | 0.00x | $16.78 |
| Better Home & Finance Holding Company (BETR) | $15.42 Million | 64.09% | 22.39x | $351.94 Million |
| Eastside Distilling, Inc. (BLNE) | $1.58 Million | -256.44% | 0.29x | $50.97 Million |
| Dominion Lending Centres Inc (BRLGF) | $157.84 Million | -4.27% | 1.04x | $184.06 Million |
| CNFinance Holdings Ltd (CNF) | $6.11 Billion | 1.07% | 1.36x | $38.54 Million |
| Mr. Cooper Group Inc (COOP) | $882.60 Million | 10.81% | 9.17x | $13.29 Billion |
| Dominion Resources Black Warrior Trust (DOMR) | $11.00 Million | 38.58% | 0.01x | $0.99 |
| DVL Inc (DVLN) | $7.57 Million | 6.67% | 5.00x | $18.05 Million |
| ECN Capital Corp. (ECNNF) | $879.03 Million | -1.68% | 0.96x | $1.32 Billion |