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Accord Financial TSX:ACD Stock Report

Last Price


Market Cap







17 May, 2022


Company Financials
ACD fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance4/6
Financial Health2/6

ACD Stock Overview

Accord Financial Corp., through its subsidiaries, provides asset-based financial services to industrial and commercial enterprises primarily in Canada and the United States.

Accord Financial Competitors













Price History & Performance

Summary of all time highs, changes and price drops for Accord Financial
Historical stock prices
Current Share PriceCA$8.50
52 Week HighCA$9.05
52 Week LowCA$8.02
1 Month Change-1.73%
3 Month Change1.80%
1 Year Change-4.81%
3 Year Change-14.14%
5 Year Change-3.74%
Change since IPO1,033.24%

Recent News & Updates

Shareholder Returns

ACDCA Diversified FinancialCA Market

Return vs Industry: ACD exceeded the Canadian Diversified Financial industry which returned -8.9% over the past year.

Return vs Market: ACD underperformed the Canadian Market which returned 4.3% over the past year.

Price Volatility

Is ACD's price volatile compared to industry and market?
ACD volatility
ACD Average Weekly Movement2.9%
Diversified Financial Industry Average Movement5.9%
Market Average Movement9.8%
10% most volatile stocks in CA Market16.7%
10% least volatile stocks in CA Market4.2%

Stable Share Price: ACD is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ACD's weekly volatility (3%) has been stable over the past year.

About the Company

1978103Simon Hitzig

Accord Financial Corp., through its subsidiaries, provides asset-based financial services to industrial and commercial enterprises primarily in Canada and the United States. The company is involved in the asset-based lending, which entails financing or purchasing receivables on a recourse basis, as well as financing other tangible assets, such as inventory and equipment; and provision of lease and equipment, working capital, and film and media production financing, as well as credit guarantees and collection services. It also offers factoring and credit investigation services; and supply chain financing for importers.

Accord Financial Fundamentals Summary

How do Accord Financial's earnings and revenue compare to its market cap?
ACD fundamental statistics
Market CapCA$72.32m
Earnings (TTM)CA$12.44m
Revenue (TTM)CA$49.30m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACD income statement (TTM)
Cost of RevenueCA$0
Gross ProfitCA$49.30m
Other ExpensesCA$36.86m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)1.45
Gross Margin100.00%
Net Profit Margin25.23%
Debt/Equity Ratio347.2%

How did ACD perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is Accord Financial undervalued compared to its fair value and its price relative to the market?

Valuation Score


Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ACD (CA$8.5) is trading below our estimate of fair value (CA$23.1)

Significantly Below Fair Value: ACD is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: ACD is good value based on its PE Ratio (5.8x) compared to the Canadian Diversified Financial industry average (8.2x).

PE vs Market: ACD is good value based on its PE Ratio (5.8x) compared to the Canadian market (11.4x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ACD's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: ACD is good value based on its PB Ratio (0.7x) compared to the CA Diversified Financial industry average (1.4x).

Future Growth

How is Accord Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Accord Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Accord Financial performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ACD has a high level of non-cash earnings.

Growing Profit Margin: ACD's current net profit margins (25.2%) are higher than last year (21.5%).

Past Earnings Growth Analysis

Earnings Trend: ACD's earnings have grown by 3.4% per year over the past 5 years.

Accelerating Growth: ACD's earnings growth over the past year (40.1%) exceeds its 5-year average (3.4% per year).

Earnings vs Industry: ACD earnings growth over the past year (40.1%) exceeded the Diversified Financial industry 18.4%.

Return on Equity

High ROE: ACD's Return on Equity (12.8%) is considered low.

Financial Health

How is Accord Financial's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ACD's short term assets (CA$463.5M) exceed its short term liabilities (CA$237.5M).

Long Term Liabilities: ACD's short term assets (CA$463.5M) exceed its long term liabilities (CA$143.3M).

Debt to Equity History and Analysis

Debt Level: ACD's net debt to equity ratio (340.8%) is considered high.

Reducing Debt: ACD's debt to equity ratio has increased from 107.1% to 347.2% over the past 5 years.

Debt Coverage: ACD's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if ACD's interest payments on its debt are well covered by EBIT.

Balance Sheet


What is Accord Financial current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ACD's dividend (3.53%) is higher than the bottom 25% of dividend payers in the Canadian market (1.88%).

High Dividend: ACD's dividend (3.53%) is low compared to the top 25% of dividend payers in the Canadian market (4.99%).

Stability and Growth of Payments

Stable Dividend: ACD's dividend payments have been volatile in the past 10 years.

Growing Dividend: ACD's dividend payments have not increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (15.4%), ACD's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: ACD is paying a dividend but the company has no free cash flows.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Simon Hitzig





Mr. Simon Hitzig has been a President, Chief Executive Officer and Director at Accord Financial Corp. since October 1, 2018. He also serves as a Secretary at Accord Financial Corp. He served as Senior Vice...

CEO Compensation Analysis

Compensation vs Market: Simon's total compensation ($USD385.38K) is above average for companies of similar size in the Canadian market ($USD170.43K).

Compensation vs Earnings: Simon's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: ACD's management team is considered experienced (2.2 years average tenure).

Board Members

Experienced Board: ACD's board of directors are considered experienced (3.6 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: ACD insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Accord Financial Corp.'s employee growth, exchange listings and data sources

Key Information

  • Name: Accord Financial Corp.
  • Ticker: ACD
  • Exchange: TSX
  • Founded: 1978
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Implied Market Cap: CA$72.323m
  • Shares outstanding: 8.56m
  • Website:

Number of Employees


  • Accord Financial Corp.
  • 40 Eglinton Avenue East
  • Suite 602
  • Toronto
  • Ontario
  • M4P 3A2
  • Canada


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/17 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.