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Accord Financial
(TSX:ACD)
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Rating:50Neutral
Price Target:
C$0.88
▼(-1.12% Downside)
Action:Reiterated
Date:08/28/26
The score is held down primarily by deteriorating profitability (revenue down TTM and sizable net losses) and still-elevated leverage (debt-to-equity ~2.8x) despite some deleveraging. These risks are partially offset by very strong recent operating and free cash flow (~$99.5M TTM) and improving near-term technical momentum (price above 20/50DMA with positive MACD), while valuation remains unattractive/indeterminate due to negative earnings and no dividend yield data.
Positive Factors
Strong Cash Generation
Strong trailing cash generation provides liquidity to fund lending activities, absorb credit losses, and reduce reliance on external financing. The improvement in free cash flow is supportive, although consistency must be demonstrated.
Negative Factors
Revenue Contraction
Declining revenue signals weaker lending utilization, portfolio contraction, or pressure on financing activity. Sustained top-line weakness would limit operating leverage and make it harder to rebuild profitability in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Strong trailing cash generation provides liquidity to fund lending activities, absorb credit losses, and reduce reliance on external financing. The improvement in free cash flow is supportive, although consistency must be demonstrated.
Read all positive factors
Accord Financial (ACD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.75M
Dividend Yield4.84%
Average Volume (3M)2.26K
Price to Earnings (P/E)―
Beta (1Y)-0.21
Revenue Growth-40.27%
EPS Growth-602.49%
CountryCA
Employees72
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-3.98
Shares Outstanding8,558,913
10 Day Avg. Volume400
30 Day Avg. Volume2,264
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.30
Price to Sales (P/S)0.25
P/FCF Ratio2.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Accord Financial Business Overview & Revenue Model
Company Description
Accord Financial Corp., established in Toronto, Canada in 1978, provides a comprehensive suite of asset-backed financial services to industrial and commercial businesses, primarily throughout Canada and the United States. The company's core activi...
How the Company Makes Money
Accord Financial makes money primarily by earning financing income and fees from providing short-term, secured commercial funding. Its core revenue streams typically include: (1) interest/finance charges on advances and loans extended to clients, ...
Accord Financial Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
32
Negative
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.28M | 61.90M | 83.06M | 79.70M | 67.49M | 63.48M |
| Gross Profit | 43.35M | 60.92M | 30.87M | 19.93M | 35.11M | 48.21M |
| EBITDA | -1.67M | 9.91M | -2.43M | -26.49M | 3.48M | 15.79M |
| Net Income | -34.02M | -29.97M | -3.14M | -14.63M | 1.43M | 11.89M |
Balance Sheet | ||||||
| Total Assets | 165.41M | 356.70M | 413.88M | 513.48M | 491.76M | 520.11M |
| Cash, Cash Equivalents and Short-Term Investments | 5.57M | 6.99M | 16.67M | 5.91M | 11.63M | 13.84M |
| Total Debt | 110.79M | 292.38M | 313.52M | 414.05M | 368.06M | 397.94M |
| Total Liabilities | 121.72M | 302.87M | 327.20M | 424.82M | 385.15M | 416.15M |
| Stockholders Equity | 43.69M | 50.99M | 80.83M | 83.90M | 100.97M | 99.97M |
Cash Flow | ||||||
| Free Cash Flow | 99.52M | 5.88M | 60.17M | -51.35M | 31.33M | -101.73M |
| Operating Cash Flow | 99.54M | 5.91M | 60.56M | -51.12M | 31.51M | -101.65M |
| Investing Cash Flow | 47.23M | -28.00K | 60.25M | -236.00K | -175.00K | -83.25K |
| Financing Cash Flow | -148.92M | -19.86M | -108.17M | 43.19M | -37.27M | 120.37M |
Accord Financial Technical Analysis
Positive
0.89
Price Trends
0.68
Positive
0.85
Positive
1.33
Negative
Market Momentum
0.07
Negative
64.73
Neutral
73.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ACD, the sentiment is Positive. The current price of 0.89 is above the 20-day moving average (MA) of 0.80, above the 50-day MA of 0.68, and below the 200-day MA of 1.33, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 64.73 is Neutral, neither overbought nor oversold. The STOCH value of 73.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ACD.
Accord Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | C$1.03B | 12.99 | 21.12% | 3.56% | 22.39% | -10.18% | |
57 Neutral | C$31.24M | -83.33 | -1.23% | 89.29% | 23.64% | ― | |
50 Neutral | C$7.75M | -0.24 | -62.48% | 4.84% | -40.27% | -602.49% | |
42 Neutral | C$698.93M | -2.11 | -37.13% | 13.40% | 5.44% | -222.24% |
* Financial Sector Average
TSE:ACD
Accord Financial
0.91
-2.55
-73.84%
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0.26
-0.14
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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.