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
+ 1 more risk
Mediocre balance sheet and slightly 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 has not had significant price volatility in the past 3 months.
7 Day Return
CA Diversified Financial
1 Year Return
CA Diversified Financial
Return vs Industry: ACD underperformed the Canadian Diversified Financial industry which returned 16.6% over the past year.
Return vs Market: ACD underperformed the Canadian Market which returned -5.5% over the past year.
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
3 weeks ago | Simply Wall StAre Dividend Investors Making A Mistake With Accord Financial Corp. (TSE:ACD)?
2 months ago | Simply Wall StWe Wouldn't Be Too Quick To Buy Accord Financial Corp. (TSE:ACD) Before It Goes Ex-Dividend
2 months ago | Simply Wall StDon't Race Out To Buy Accord Financial Corp. (TSE:ACD) Just Because It's Going Ex-Dividend
Is Accord Financial undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ACD (CA$5.25) is trading above our estimate of fair value (CA$4.69)
Significantly Below Fair Value: ACD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ACD is good value based on its PE Ratio (42.8x) compared to the CA Diversified Financial industry average (43.1x).
PE vs Market: ACD is poor value based on its PE Ratio (42.8x) compared to the Canadian market (16x).
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 (0.5x) compared to the CA Diversified Financial industry average (0.9x).
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.
- Take a look at our analysis of ACD’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Accord Financial competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
How has Accord Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACD has high quality earnings.
Growing Profit Margin: ACD's current net profit margins (3.5%) are lower than last year (28.1%).
Past Earnings Growth Analysis
Earnings Trend: ACD's earnings have declined by 6.7% per year over the past 5 years.
Accelerating Growth: ACD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ACD had negative earnings growth (-90.2%) over the past year, making it difficult to compare to the Diversified Financial industry average (5.8%).
Return on Equity
High ROE: ACD's Return on Equity (0.4%) is considered low.
How is Accord Financial's financial position?
Financial Position Analysis
Short Term Liabilities: ACD's short term assets (CA$331.3M) exceed its short term liabilities (CA$218.3M).
Long Term Liabilities: ACD's short term assets (CA$331.3M) exceed its long term liabilities (CA$42.8M).
Debt to Equity History and Analysis
Debt Level: ACD's debt to equity ratio (252.5%) is considered high.
Reducing Debt: ACD's debt to equity ratio has increased from 147.9% to 252.5% over the past 5 years.
Debt Coverage: ACD's debt is well covered by operating cash flow (32.5%).
Interest Coverage: Insufficient data to determine if ACD's interest payments on its debt are well covered by EBIT.
What is Accord Financial current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ACD's dividend (3.81%) is higher than the bottom 25% of dividend payers in the Canadian market (1.7%).
High Dividend: ACD's dividend (3.81%) is low compared to the top 25% of dividend payers in the Canadian market (5.93%).
Stability and Growth of Payments
Stable Dividend: ACD's dividend payments have been volatile in the past 10 years.
Growing Dividend: ACD's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (261.1%), ACD's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Simon Hitzig had served as Senior Vice President of Corporate Development at Accord Financial Corp. from October 1, 2016 to October 1, 2018. He has been a Senior Vice President at Accord Financial Ltd. ...
CEO Compensation Analysis
Compensation vs Market: Simon's total compensation ($USD396.28K) is above average for companies of similar size in the Canadian market ($USD170.92K).
Compensation vs Earnings: Simon's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Independent Director||0.42yr||no data||no data|
|Founder & Chairman of the Board||11.42yrs||no data||no data|
|Independent Director||6.42yrs||CA$54.75k||no data|
|Independent Director||5.42yrs||CA$72.72k||0.10% |
|Independent Director||10.25yrs||CA$66.50k||0.11% |
Experienced Board: ACD's board of directors are considered experienced (5.9 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Accord Financial Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Accord Financial Corp.
- Ticker: ACD
- Exchange: TSX
- Founded: 1978
- Industry: Specialized Finance
- Sector: Diversified Financials
- Market Cap: CA$44.934m
- Shares outstanding: 8.56m
- Website: https://www.accordfinancial.com
Number of Employees
- Accord Financial Corp.
- 40 Eglinton Avenue East
- Suite 602
- M4P 3A2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ACD||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Sep 1988|
|ACCF.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Sep 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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/27 00:30|
|End of Day Share Price||2020/10/26 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.