Stock Analysis Report

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Executive Summary

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

Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Accord Financial's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: ACD is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ACD's weekly volatility (5%) has been stable over the past year.

Market Performance

7 Day Return




CA Diversified Financial


CA Market

1 Year Return




CA Diversified Financial


CA Market

Return vs Industry: ACD underperformed the Canadian Diversified Financial industry which returned 15.3% over the past year.

Return vs Market: ACD underperformed the Canadian Market which returned 1.8% over the past year.

Shareholder returns

7 Day4.3%0.6%0.8%
30 Day31.1%7.7%10.5%
90 Day18.0%22.9%9.7%
1 Year-21.0%-23.8%19.5%17.2%5.7%2.0%
3 Year-16.2%-25.2%40.0%29.2%13.9%2.9%
5 Year-15.6%-30.4%15.4%-17.0%58.5%34.3%

Long-Term Price Volatility Vs. Market

How volatile is Accord Financial's share price compared to the market and industry in the last 5 years?

Simply Wall St News


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


Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: ACD (CA$6.96) is trading above our estimate of fair value (CA$4.65)

Significantly Below Fair Value: ACD is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: ACD is unprofitable, so we can't compare its PE Ratio to the XN Diversified Financial industry average.

PE vs Market: ACD is unprofitable, so we can't compare its PE Ratio to the Canadian market.

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 (1.1x).

Next Steps

Future Growth

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


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.

Next Steps

Past Performance

How has Accord Financial performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ACD is currently unprofitable.

Growing Profit Margin: ACD is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: ACD is unprofitable, and losses have increased over the past 5 years at a rate of 12.9% per year.

Accelerating Growth: Unable to compare ACD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ACD is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (30.5%).

Return on Equity

High ROE: ACD has a negative Return on Equity (-2.18%), as it is currently unprofitable.

Next Steps

Financial Health

How is Accord Financial's financial position?

Financial Position Analysis

Short Term Liabilities: ACD's short term assets (CA$357.1M) exceed its short term liabilities (CA$238.6M).

Long Term Liabilities: ACD's short term assets (CA$357.1M) exceed its long term liabilities (CA$48.0M).

Debt to Equity History and Analysis

Debt Level: ACD's debt to equity ratio (281.6%) is considered high.

Reducing Debt: ACD's debt to equity ratio has increased from 135.2% to 281.6% over the past 5 years.

Debt Coverage: ACD's debt is not well covered by operating cash flow (15.4%).

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

Balance Sheet

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ACD's dividend (2.87%) is higher than the bottom 25% of dividend payers in the Canadian market (1.6%).

High Dividend: ACD's dividend (2.87%) is low compared to the top 25% of dividend payers in the Canadian market (5.29%).

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 fallen over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: ACD is paying a dividend but the company is unprofitable.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


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


Average board tenure


Simon Hitzig





Mr. Simon Hitzig had served as Senior Vice President of Corporate Development at Accord Financial Corp. from October 1, 2016 to October 1, 2018. He has been a Senior Vice President at Accord Financial Ltd....

CEO Compensation Analysis

Compensation vs Market: Simon's total compensation ($USD408.98K) is above average for companies of similar size in the Canadian market ($USD166.86K).

Compensation vs Earnings: Simon's compensation has increased whilst the company is unprofitable.

Board Members

Simon Hitzig
CA$ 1.4m
Jean Holley
Independent Director0.58yrno datano data
Ken Hitzig
Founder & Chairman of the Board11.58yrsno datano data
David Beutel
Independent Director6.58yrsCA$54.75kno data
Gary Prager
Independent Director5.58yrsCA$72.72k0.10%
CA$ 60.8k
Stephen Warden
Independent Director10.42yrsCA$66.50k0.11%
CA$ 61.5k


Average Tenure


Average Age

Experienced Board: ACD's board of directors are considered experienced (6.1 years average tenure).


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

Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 company bio, 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
  • Market Cap: CA$58.457m
  • Shares outstanding: 8.56m
  • Website: https://www.accordfinancial.com

Number of Employees


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


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACDTSX (The Toronto Stock Exchange)YesCommon SharesCACADSep 1988
ACCF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988


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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/04 23:44
End of Day Share Price2020/12/04 00:00
Annual Earnings2019/12/31

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.