Accordant Group Limited (AGL) AI Stock Analysis

Accordant Group Limited

(NZX:AGL)

Select Model

Rating:38Underperform

Price Target:NZD 0.15▼(-4.61% Downside)

Action:initiatedcoverage

Date:10/05/26

Weak financial performance with declining revenue, persistent losses, and elevated leverage is the dominant factor. Severely overbought technical conditions add near-term caution while negative valuation metrics due to unprofitability further constrain the score.

Positive Factors

Revenue RecoveryThe return to revenue growth in 2026 indicates that demand and client activity improved after two weaker years. If this recovery persists, it can rebuild operating scale, support better utilization of the recruitment platform, and provide a foundation for restoring profitability.

Negative Factors

Persistent Net LossesThree consecutive years of net losses indicate that the company has not yet restored durable earnings power. Persistent losses reduce retained capital, limit flexibility for investment, and make the recent operational improvement less proven as a sustainable turnaround.

Accordant Group Limited (AGL) vs. SPDR S&P 500 ETF (SPY)

Market Cap: NZD 10.22M
Dividend Yield: ―
Average Volume (3M): 3,083
Price to Earnings (P/E): -2.5
Beta (1Y): 0.67
Revenue Growth: 8.31%
EPS Growth: ―
Country: NZ
Employees: 22
Sector: General
Sector Strength: 55
Industry: Staffing & Employment Services

Accordant Group Limited Business Overview & Revenue Model

Company Description

Accordant Group Limited is a New Zealand-based firm specializing in human resources solutions, offering a comprehensive suite of recruitment and personnel placement services. Its operations are structured into two principal divisions: the AWF segment...

Accordant Group Limited Financial Statement Overview

Summary

Revenue declined sharply from 227M peak to 165M with ongoing net losses; balance sheet shows debt rising to 41M against equity of 18M and debt-to-equity above 2.3; cash flow recovered modestly to 1.6M but remains well below prior peaks.

Income Statement

32Negative

Balance Sheet

25Negative

Cash Flow

40Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	165.13M	165.13M	165.24M	212.38M	227.37M	221.51M
Gross Profit	163.42M	163.42M	164.01M	16.46M	225.19M	219.13M
EBITDA	3.53M	3.53M	2.96M	-2.55M	9.37M	10.73M
Net Income	-2.11M	-2.11M	-2.88M	-10.01M	1.98M	3.00M
Balance Sheet
Total Assets	77.82M	77.82M	73.18M	78.21M	94.88M	91.42M
Cash, Cash Equivalents and Short-Term Investments	174.00K	174.00K	2.98M	2.09M	1.95M	4.97M
Total Debt	41.33M	41.33M	37.17M	33.47M	31.31M	25.76M
Total Liabilities	59.90M	59.90M	53.24M	55.58M	60.29M	54.72M
Stockholders Equity	17.92M	17.92M	19.95M	22.64M	34.59M	36.70M
Cash Flow
Free Cash Flow	1.45M	1.45M	-846.00K	2.08M	3.98M	9.86M
Operating Cash Flow	1.63M	1.63M	-648.00K	2.31M	4.71M	10.48M
Investing Cash Flow	48.00K	48.00K	-108.00K	-230.00K	-6.44M	-1.98M
Financing Cash Flow	-4.48M	-4.48M	1.64M	-1.95M	-1.29M	-5.33M

Accordant Group Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.15

Price Trends

50DMA0.17Negative

100DMA0.17Negative

200DMA0.19Negative

Market Momentum

MACD-0.01Positive

RSI1.56Positive

STOCH61.95Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:AGL, the sentiment is Negative. The current price of 0.15 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.17, and below the 200-day MA of 0.19, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 1.56 is Positive, neither overbought nor oversold. The STOCH value of 61.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NZ:AGL.

Accordant Group Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

NZ:AGL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NZ:TAH	70Outperform	NZD 41.81M	15.00	―	3.83%	21.56%	18.96%
NZ:PHL	63Neutral	NZD 36.33M	0.03	―	―	29.55%	-11.97%
NZ:RAD	56Neutral	NZD 110.55M	11.71	―	4.34%	14.16%	34.82%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
NZ:AGL	38Underperform	NZD 10.36M	-2.48	―	―	8.31%	―

* General Sector Average

Performance Comparison

NZ:AGL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
NZ:AGL	Accordant Group Limited	0.15	-0.13	-45.71%
NZ:PHL	Promisia Healthcare Limited	0.67	0.17	34.00%
NZ:TAH	Third Age Health Services Limited	4.18	-0.52	-11.04%
NZ:RAD	Radius Residential Care Ltd	0.39	0.04	10.80%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 05, 2026

Accordant Group Limited AI Stock Analysis