Accordant Group Limited provides recruitment and staffing services in New Zealand.
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$1.90|
|52 Week High||NZ$1.26|
|52 Week Low||NZ$1.90|
|1 Month Change||5.56%|
|3 Month Change||15.15%|
|1 Year Change||32.87%|
|3 Year Change||7.35%|
|5 Year Change||-19.15%|
|Change since IPO||26.67%|
Recent News & Updates
Is Accordant Group (NZSE:AGL) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Should You Be Adding Accordant Group (NZSE:AGL) To Your Watchlist Today?
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
|AGL||NZ Professional Services||NZ Market|
Return vs Industry: AGL underperformed the NZ Professional Services industry which returned 34.4% over the past year.
Return vs Market: AGL exceeded the NZ Market which returned 1.9% over the past year.
Stable Share Price: AGL is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: AGL's weekly volatility (5%) has been stable over the past year.
About the Company
Accordant Group Limited provides recruitment and staffing services in New Zealand. It provides semi-skilled and skilled, primarily temporary staffing services under the AWF brand to construction, infrastructure development, manufacturing, food processing, timber processing, and waste management sectors. The company also offers white collar recruitment services under the Madison brand to clients in central and local government businesses, as well as in health, insurance, telecommunication, banking, and other industries.
Accordant Group Fundamentals Summary
|AGL fundamental statistics|
Is AGL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AGL income statement (TTM)|
|Cost of Revenue||NZ$206.67m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.18|
|Net Profit Margin||3.02%|
How did AGL perform over the long term?See historical performance and comparison
4.3%Current Dividend Yield
Is Accordant Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AGL (NZ$1.9) is trading below our estimate of fair value (NZ$34.32)
Significantly Below Fair Value: AGL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AGL is good value based on its PE Ratio (10.4x) compared to the Oceanic Professional Services industry average (20.3x).
PE vs Market: AGL is good value based on its PE Ratio (10.4x) compared to the NZ market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AGL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AGL is good value based on its PB Ratio (1.6x) compared to the XO Professional Services industry average (3.7x).
How is Accordant Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Commercial Services 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 Accordant Group 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 Accordant Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AGL has a large one-off gain of NZ$27.6M impacting its March 31 2021 financial results.
Growing Profit Margin: AGL's current net profit margins (3%) are higher than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: AGL's earnings have declined by 9.5% per year over the past 5 years.
Accelerating Growth: AGL's earnings growth over the past year (131.5%) exceeds its 5-year average (-9.5% per year).
Earnings vs Industry: AGL earnings growth over the past year (131.5%) exceeded the Professional Services industry 9.5%.
Return on Equity
High ROE: AGL's Return on Equity (15.5%) is considered low.
How is Accordant Group's financial position?
Financial Position Analysis
Short Term Liabilities: AGL's short term assets (NZ$25.2M) do not cover its short term liabilities (NZ$25.4M).
Long Term Liabilities: AGL's short term assets (NZ$25.2M) exceed its long term liabilities (NZ$24.4M).
Debt to Equity History and Analysis
Debt Level: AGL's debt to equity ratio (37.5%) is considered satisfactory.
Reducing Debt: AGL's debt to equity ratio has reduced from 60.2% to 37.5% over the past 5 years.
Debt Coverage: AGL's debt is well covered by operating cash flow (146%).
Interest Coverage: Insufficient data to determine if AGL's interest payments on its debt are well covered by EBIT.
What is Accordant Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AGL's dividend (4.32%) is higher than the bottom 25% of dividend payers in the NZ market (2.44%).
High Dividend: AGL's dividend (4.32%) is low compared to the top 25% of dividend payers in the NZ market (4.8%).
Stability and Growth of Payments
Stable Dividend: AGL's dividend payments have been volatile in the past 10 years.
Growing Dividend: AGL's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.4%), AGL's dividend payments are 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 management tenure
Mr. Jason Cherrington is Chief Executive Officer of Accordant Group Limited from June 21, 2021. He brings significant experience in developing and growing market-leading brands both globally and more rece...
Experienced Management: AGL's management team is considered experienced (3.3 years average tenure).
Experienced Board: AGL's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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.
Accordant Group Limited's employee growth, exchange listings and data sources
- Name: Accordant Group Limited
- Ticker: AGL
- Exchange: NZSE
- Founded: 1988
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Market Cap: NZ$64.236m
- Shares outstanding: 33.81m
- Website: https://www.accordant.nz
Number of Employees
- Accordant Group Limited
- 51 Shortland Street
- Level 6
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 15:45|
|End of Day Share Price||2021/10/19 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.