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Canaccord Genuity (TSE:CF)
TSX:CF
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Canaccord Genuity (CF) AI Stock Analysis

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TSE:CF

Canaccord Genuity

(TSX:CF)

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Neutral 55 (OpenAI - 5.2)
Rating:55Neutral
Price Target:
C$14.50
▼(-0.21% Downside)
Action:Reiterated
Date:08/10/26
Overall score reflects a tug-of-war between improving operating momentum (strong earnings-call quarter, margin improvement guidance, and record client assets) and weaker underlying financial statements (ongoing TTM net loss, negative margins/ROE, and higher leverage). Technicals are broadly neutral and valuation is constrained by losses despite a moderate dividend yield.
Positive Factors
Broad-Based Revenue Growth
Growth across wealth management and capital markets reduces reliance on one revenue stream. Continued expansion in advisory, investment banking and wealth services could support stronger operating leverage over the next several months.
Negative Factors
Persistent Net Losses and Negative Returns
Reported losses and negative shareholder returns indicate that recent adjusted improvement has not yet translated into durable GAAP profitability. Thin operating margins leave earnings vulnerable if transaction activity or market conditions weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad-Based Revenue Growth
Growth across wealth management and capital markets reduces reliance on one revenue stream. Continued expansion in advisory, investment banking and wealth services could support stronger operating leverage over the next several months.
Read all positive factors

Canaccord Genuity (CF) vs. iShares MSCI Canada ETF (EWC)

Canaccord Genuity Business Overview & Revenue Model

Company Description
Canaccord Genuity Group Inc. functions as a diversified financial services enterprise, delivering a broad spectrum of investment products, along with specialized investment banking and brokerage solutions, to a diverse clientele including institut...
How the Company Makes Money
Canaccord Genuity makes money primarily by earning fees and commissions across investment banking/capital markets, brokerage/trading-related activities, and wealth management. (1) Investment banking and capital markets: The firm earns advisory fee...

Canaccord Genuity Earnings Call Summary

Earnings Call Date:Aug 06, 2026
(Q1-2027)
|
% Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call presented a strong operational and financial quarter with significant revenue and profitability gains, record client assets, and effective expense discipline. Growth was broad-based across wealth management and capital markets with particularly large percentage increases in advisory, investment banking, and Australian revenue following the Wilsons integration. Notable risks include an elevated compensation ratio driven by share-based accruals, the divestiture-related reduction in principal trading revenue, structural weakness and limited new-issue activity in the U.K. capital markets, and the timing uncertainty of future deal flow. Management emphasized liquidity, strategic optionality, employee alignment and a new dividend, indicating confidence despite market sensitivity.
Positive Updates
Strong Firm-Wide Revenue Growth
Firm-wide revenue rose 29% year-over-year to $577 million, driven by broad-based strength across wealth management and capital markets.
Negative Updates
Elevated Compensation Ratio
Firm-wide compensation ratio was elevated at 62% for the quarter, primarily reflecting the fair value charge on share-based payment awards; excluding this charge the ratio would have been 59.5%.
Read all updates
Q1-2027 Updates
Negative
Strong Firm-Wide Revenue Growth
Firm-wide revenue rose 29% year-over-year to $577 million, driven by broad-based strength across wealth management and capital markets.
Read all positive updates
Company Guidance
Guidance: management said the firm is “comfortably on track” to deliver a low single‑digit improvement in firm‑wide pretax operating margin this fiscal year, while pursuing positive net inflows, higher fee‑based assets and greater scale in wealth management and expecting gradually improving financing and advisory activity in capital markets (though timing remains sensitive to market conditions). They pointed to Q1 results underpinning this outlook: firm‑wide revenue +29% YoY to $577M, adjusted net income +120% to $57M, adjusted diluted EPS $0.36 (+177%), adjusted pretax net income +128% and a pretax operating margin improvement of 5.7 percentage points. Cost discipline was highlighted with non‑compensation expenses down $4M to $142M (25% of revenue vs 33% a year ago) even as the compensation ratio was elevated at 62% (59.5% ex‑PSU charge). Business‑specific metrics supporting the plan include wealth revenue $305M (+26%), average book per adviser +37% to $428M, record client assets $160B (+28%); capital markets revenue $261M (+30%), adjusted pretax income $37M and margin 14.3% (+11.5pp), investment banking +40% and advisory +123% (U.S. advisory $57M, +162%). The company closed the quarter with $1.2B cash, $817M working capital, approved a $0.10 quarterly dividend, and noted employee ownership at 14.31% (15.33% as‑converted), all of which support liquidity and strategic optionality.

Canaccord Genuity Financial Statement Overview

Summary
Mixed fundamentals. Revenue is improving and cash generation is positive (TTM operating cash flow ~$205M; TTM free cash flow ~$190M), but overall profitability remains the key drag with negative TTM net income (-$93.4M) and a ~-5.9% net margin. Leverage has risen (total debt ~$1.40B vs equity ~$0.78B; ~1.05x debt-to-equity) and ROE is negative (~-12.7%), reducing flexibility in a cyclical capital markets business.
Income Statement
42
Neutral
Balance Sheet
48
Neutral
Cash Flow
55
Neutral
BreakdownTTMMar 2026Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue2.36B2.24B1.77B1.51B2.05B2.01B
Gross Profit1.82B1.98B634.09M477.44M694.99M657.64M
EBITDA253.72M199.54M260.45M88.08M453.35M449.46M
Net Income-93.41M-132.87M-17.50M-90.10M246.31M263.79M
Balance Sheet
Total Assets7.21B7.78B6.72B6.30B7.25B7.63B
Cash, Cash Equivalents and Short-Term Investments1.66B2.59B1.90B1.72B2.84B2.92B
Total Debt1.40B816.43M770.83M433.86M285.09M348.83M
Total Liabilities5.99B6.57B5.36B4.90B5.83B6.52B
Stockholders Equity781.05M780.61M959.79M1.05B1.18B1.11B
Cash Flow
Free Cash Flow190.20M872.67M396.40M-612.77M248.59M1.09B
Operating Cash Flow204.52M881.35M475.61M-584.42M263.25M1.10B
Investing Cash Flow-196.02M100.90M-151.12M-288.11M-202.00M-86.13M
Financing Cash Flow-103.23M-138.99M-9.82M71.22M-142.86M-117.64M

Canaccord Genuity Technical Analysis

Technical Analysis Sentiment
Positive
Last Price14.53
Price Trends
50DMA
14.58
Positive
100DMA
13.60
Positive
200DMA
12.65
Positive
Market Momentum
MACD
-0.02
Negative
RSI
56.03
Neutral
STOCH
67.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CF, the sentiment is Positive. The current price of 14.53 is above the 20-day moving average (MA) of 14.45, below the 50-day MA of 14.58, and above the 200-day MA of 12.65, indicating a bullish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 56.03 is Neutral, neither overbought nor oversold. The STOCH value of 67.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CF.

Canaccord Genuity Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
C$178.36M40.335.77%-10.69%23.60%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
55
Neutral
C$1.48B-14.18-17.40%2.42%32.06%-63.54%
46
Neutral
C$89.08M-22.43-5.04%-63.35%-113.24%
42
Neutral
C$2.22M-1.1679.27%41.89%
42
Neutral
C$2.25M-1.01-92.13%-16.24%17.37%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:CF
Canaccord Genuity
14.67
4.77
48.18%
TSE:CXI
Currency Exchange International
29.26
6.84
30.51%
TSE:RICH
Raffles Financial Group
2.85
0.00
0.00%
TSE:PNP
Pinetree Capital
9.75
-4.27
-30.46%
TSE:DELX
DelphX Capital Markets
0.01
-0.05
-83.33%
TSE:FRNT
FRNT Financial, Inc.
0.06
-0.31
-83.78%

Canaccord Genuity Corporate Events

Business Operations and StrategyShareholder Meetings
Canaccord Genuity Shareholders Back Board, Auditor and Pay Approach at AGM
Positive
Aug 7, 2026
Canaccord Genuity Group Inc., a TSX-listed independent financial services firm, operates in wealth management and capital markets, providing investment solutions, brokerage and investment banking services to clients across North America, Europe, A...
Business Operations and StrategyDividendsFinancial Disclosures
Canaccord Genuity posts surging profit and record client assets in Q1 fiscal 2027
Positive
Aug 6, 2026
Canaccord Genuity Group Inc. reported a strong start to fiscal 2027, with first-quarter adjusted revenue rising 28.8% to $577.4 million and net income before taxes more than doubling, driven by improved operating leverage and robust performance in...
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: Aug 10, 2026