company background image
CF

Canaccord Genuity GroupTSX:CF Stock Report

Last Price

CA$15.15

Market Cap

CA$1.4b

7D

-2.1%

1Y

28.4%

Updated

19 Jan, 2022

Data

Company Financials +
CF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance6/6
Financial Health4/6
Dividends2/6

CF Stock Overview

Canaccord Genuity Group Inc., a full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients.

Canaccord Genuity Group Competitors

IGM Financial

TSX:IGM

CA$11.4b

Houlihan Lokey

NYSE:HLI

US$7.1b

Evercore

NYSE:EVR

US$5.5b

CI Financial

TSX:CIX

CA$5.0b

Price History & Performance

Summary of all time highs, changes and price drops for Canaccord Genuity Group
Historical stock prices
Current Share PriceCA$15.15
52 Week HighCA$16.62
52 Week LowCA$10.88
Beta1.24
1 Month Change3.20%
3 Month Change7.83%
1 Year Change28.39%
3 Year Change154.20%
5 Year Change253.15%
Change since IPO41.06%

Recent News & Updates

Shareholder Returns

CFCA Capital MarketsCA Market
7D-2.1%-5.7%-0.6%
1Y28.4%36.5%17.7%

Return vs Industry: CF underperformed the Canadian Capital Markets industry which returned 39.7% over the past year.

Return vs Market: CF exceeded the Canadian Market which returned 18.2% over the past year.

Price Volatility

Is CF's price volatile compared to industry and market?
CF volatility
CF Average Weekly Movement4.2%
Capital Markets Industry Average Movement7.0%
Market Average Movement9.8%
10% most volatile stocks in CA Market17.6%
10% least volatile stocks in CA Market3.7%

Stable Share Price: CF is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CF's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19502,430Dan Daviauhttps://www.canaccordgenuity.com

Canaccord Genuity Group Inc., a full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services.

Canaccord Genuity Group Fundamentals Summary

How do Canaccord Genuity Group's earnings and revenue compare to its market cap?
CF fundamental statistics
Market CapCA$1.42b
Earnings (TTM)CA$291.95m
Revenue (TTM)CA$2.21b

4.9x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CF income statement (TTM)
RevenueCA$2.21b
Cost of RevenueCA$190.17m
Gross ProfitCA$2.02b
ExpensesCA$1.73b
EarningsCA$291.95m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 09, 2022

Earnings per share (EPS)3.10
Gross Margin91.39%
Net Profit Margin13.22%
Debt/Equity Ratio14.9%

How did CF perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

10%

Payout Ratio

Valuation

Is Canaccord Genuity Group undervalued compared to its fair value and its price relative to the market?

4.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CF (CA$15.15) is trading above our estimate of fair value (CA$10.79)

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


Price To Earnings Ratio

PE vs Industry: CF is good value based on its PE Ratio (4.9x) compared to the Canadian Capital Markets industry average (9.6x).

PE vs Market: CF is good value based on its PE Ratio (4.9x) compared to the Canadian market (13.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CF is good value based on its PB Ratio (1.5x) compared to the CA Capital Markets industry average (1.8x).


Future Growth

How is Canaccord Genuity Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-6.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CF's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if CF's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CF's revenue is expected to decline over the next 3 years (-6.5% per year).

High Growth Revenue: CF's revenue is forecast to decline over the next 3 years (-6.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CF's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Canaccord Genuity Group performed over the past 5 years?

69.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CF has high quality earnings.

Growing Profit Margin: CF's current net profit margins (13.2%) are higher than last year (7.2%).


Past Earnings Growth Analysis

Earnings Trend: CF has become profitable over the past 5 years, growing earnings by 69.1% per year.

Accelerating Growth: CF's earnings growth over the past year (197%) exceeds its 5-year average (69.1% per year).

Earnings vs Industry: CF earnings growth over the past year (197%) exceeded the Capital Markets industry 26.2%.


Return on Equity

High ROE: CF's Return on Equity (25.2%) is considered high.


Financial Health

How is Canaccord Genuity Group's financial position?


Financial Position Analysis

Short Term Liabilities: CF's short term assets (CA$7.2B) exceed its short term liabilities (CA$6.3B).

Long Term Liabilities: CF's short term assets (CA$7.2B) exceed its long term liabilities (CA$270.5M).


Debt to Equity History and Analysis

Debt Level: CF has more cash than its total debt.

Reducing Debt: CF's debt to equity ratio has increased from 7.7% to 14.9% over the past 5 years.

Debt Coverage: CF's debt is well covered by operating cash flow (474.1%).

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


Balance Sheet


Dividend

What is Canaccord Genuity Group current dividend yield, its reliability and sustainability?

1.98%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CF's dividend (1.98%) is higher than the bottom 25% of dividend payers in the Canadian market (1.59%).

High Dividend: CF's dividend (1.98%) is low compared to the top 25% of dividend payers in the Canadian market (4.61%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.6%), CF's dividend payments are thoroughly 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.


Next Steps

Management

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

6.3yrs

Average management tenure


CEO

Dan Daviau (56 yo)

6.25yrs

Tenure

CA$13,024,643

Compensation

Mr. Daniel Joseph Daviau, also known as Dan, has been the Chief Executive Officer and President of Canaccord Genuity Group Inc., since October 1, 2015. Mr. Daviau has been the Chief Executive Officer of Ca...


CEO Compensation Analysis

Compensation vs Market: Dan's total compensation ($USD10.41M) is above average for companies of similar size in the Canadian market ($USD1.10M).

Compensation vs Earnings: Dan's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CF's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: CF's board of directors are considered experienced (6.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CF insiders have only sold shares 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

Canaccord Genuity Group Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Canaccord Genuity Group Inc.
  • Ticker: CF
  • Exchange: TSX
  • Founded: 1950
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Implied Market Cap: CA$1.425b
  • Shares outstanding: 94.06m
  • Website: https://www.canaccordgenuity.com

Number of Employees


Location

  • Canaccord Genuity Group Inc.
  • Pacific Centre
  • Suite 2200
  • Vancouver
  • British Columbia
  • V7Y 1H2
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:42
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.