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
|Historical stock prices|
|Current Share Price||CA$8.50|
|52 Week High||CA$9.05|
|52 Week Low||CA$8.02|
|1 Month Change||-1.73%|
|3 Month Change||1.80%|
|1 Year Change||-4.81%|
|3 Year Change||-14.14%|
|5 Year Change||-3.74%|
|Change since IPO||1,033.24%|
Recent News & Updates
|ACD||CA Diversified Financial||CA 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.
|ACD Average Weekly Movement||2.9%|
|Diversified Financial Industry Average Movement||5.9%|
|Market Average Movement||9.8%|
|10% most volatile stocks in CA Market||16.7%|
|10% least volatile stocks in CA Market||4.2%|
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
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
|ACD fundamental statistics|
Is ACD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ACD income statement (TTM)|
|Cost of Revenue||CA$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.45|
|Net Profit Margin||25.23%|
How did ACD perform over the long term?See historical performance and comparison
3.5%Current Dividend Yield
Is Accord Financial undervalued compared to its fair value and its price relative to the market?
Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
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).
How is Accord Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
How has Accord Financial performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
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.
How is Accord Financial's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
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$143.3M).
Debt to Equity History and Analysis
Debt Level: ACD's net debt to equity ratio (340.8%) is considered high.
Reducing Debt: ACD's debt to equity ratio has increased from 107.1% to 347.2% over the past 5 years.
Debt Coverage: ACD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ACD's interest payments on its debt are well covered by EBIT.
What is Accord Financial current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ACD's dividend (3.53%) is higher than the bottom 25% of dividend payers in the Canadian market (1.88%).
High Dividend: ACD's dividend (3.53%) is low compared to the top 25% of dividend payers in the Canadian market (4.99%).
Stability and Growth of Payments
Stable Dividend: ACD's dividend payments have been volatile in the past 10 years.
Growing Dividend: ACD's dividend payments have not increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (15.4%), ACD's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: ACD is paying a dividend but the company has no free cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Simon Hitzig has been a President, Chief Executive Officer and Director at Accord Financial Corp. since October 1, 2018. He also serves as a Secretary at Accord Financial Corp. He served as Senior Vice...
CEO Compensation Analysis
Compensation vs Market: Simon's total compensation ($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.
Experienced Management: ACD's management team is considered experienced (2.2 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Accord Financial Corp.'s employee growth, exchange listings and data sources
- 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: https://www.accordfinancial.com
Number of Employees
- Accord Financial Corp.
- 40 Eglinton Avenue East
- Suite 602
- M4P 3A2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/17 00:00|
|End of Day Share Price||2022/05/17 00:00|
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.