FDCTech

FDCT

Financial - Capital Markets · Financial Services

Price

$3.85

+0.00 (+0.00%)

Market Cap

$16.3M

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Share count rising — dilution

+391.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 861K (2021) → 4.2M (2025)

FDCTech, Inc. is a small financial technology company that builds software for the foreign exchange (forex) and capital markets industry. Its core products include trading platforms, customer relationship management tools, and back-office systems sold mainly to brokers, trading firms, and financial institutions. The company operates in a niche corner of fintech focused on helping smaller brokers run their businesses more efficiently.

FDCTech earns money primarily through software licenses and service fees, giving it a recurring revenue component that helps explain its relatively healthy gross margins. The company is very small, with a market cap near zero, and operates mainly in emerging markets where forex brokers are growing in number. Its main competitive advantage is its focused product suite tailored specifically for forex brokers, but its tiny size makes it vulnerable to larger fintech competitors with more resources. The key risk is customer concentration — losing even a handful of clients could meaningfully hurt revenue given how small the business currently is.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+154.6% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

>+1,000% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

72.2%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$37M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

FDCTech grew revenue 155% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

76.4%

Premium pricing power — 76.4% gross margin

Operating Margin

45.1%

Excellent — 45.1% operating margin

ROCE

19.9%

Strong — 19.9% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales YoY

+66.5%

Fast-growing sales (66.5% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion

-5%

Weak — only -5% of profit becomes cash

FCF Margin

-2.0%

Burning cash (-2.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.03

Conservative — low debt load (0.03)

Interest Cover

84.12x

Comfortably covers interest (84.1x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

131.0x

Expensive — P/E 131.0

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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