Accord Financial (TSE:ACD)
TSX:ACD
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Accord Financial
(TSX:ACD)
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Rating:43Neutral
Price Target:
C$1.00
▼(-43.18% Downside)
Action:Upgraded
Date:05/17/26
The score is primarily held down by weak financial performance—materially deteriorated profitability and high leverage with negative returns—despite improved recent cash generation. Technicals add further pressure as price remains below key moving averages with negative MACD. Valuation is only modestly supportive because the negative P/E reflects current losses and dividend yield is unavailable.
Positive Factors
Secured, asset-backed lending model
Accord’s core business is asset-based lending and receivables factoring secured by client assets. That collateral-backed model reduces loss severity versus unsecured lending, supports tighter underwriting, and provides a structural advantage in credit recovery over the next several months.
Negative Factors
High leverage and weakened equity
Debt levels of roughly 4–6x equity materially constrain financial flexibility. High leverage increases sensitivity to credit losses and interest-cost shocks, while declining equity and negative ROE elevate the risk that capital ratios will be pressured in a sustained downturn.
Read all positive and negative factors
Positive Factors
Negative Factors
Secured, asset-backed lending model
Accord’s core business is asset-based lending and receivables factoring secured by client assets. That collateral-backed model reduces loss severity versus unsecured lending, supports tighter underwriting, and provides a structural advantage in credit recovery over the next several months.
Read all positive factors
Accord Financial (ACD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$10.36M
Dividend YieldN/A
Average Volume (3M)1.39K
Price to Earnings (P/E)―
Beta (1Y)0.13
Revenue Growth-31.13%
EPS Growth-527.57%
CountryCA
Employees82
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-3.75
Shares Outstanding8,558,913
10 Day Avg. Volume610
30 Day Avg. Volume1,394
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., through its subsidiaries, provides asset-based financial services to industrial and commercial enterprises primarily in Canada and the United States. The company is involved in the asset-based lending, which entails financi...
How the Company Makes Money
Accord Financial makes money primarily by earning financing-related income on the capital it advances to clients. Key revenue streams include: (1) interest income and/or finance charges on loans and advances made under its asset-based lending and ...
Accord Financial Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
22
Negative
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 61.90M | 83.06M | 79.70M | 67.49M | 63.48M |
| Gross Profit | 60.92M | 30.87M | 19.93M | 35.11M | 48.21M |
| EBITDA | 9.91M | -2.43M | -26.49M | 3.48M | 15.79M |
| Net Income | -29.97M | -3.14M | -14.63M | 1.43M | 11.89M |
Balance Sheet | |||||
| Total Assets | 356.70M | 413.88M | 513.48M | 491.76M | 520.11M |
| Cash, Cash Equivalents and Short-Term Investments | 6.99M | 16.67M | 5.91M | 11.63M | 13.84M |
| Total Debt | 292.38M | 313.52M | 414.05M | 368.06M | 397.94M |
| Total Liabilities | 302.87M | 327.20M | 424.82M | 385.15M | 416.15M |
| Stockholders Equity | 50.99M | 80.83M | 83.90M | 100.97M | 99.97M |
Cash Flow | |||||
| Free Cash Flow | 5.88M | 60.17M | -51.35M | 31.33M | -101.73M |
| Operating Cash Flow | 5.91M | 60.56M | -51.12M | 31.51M | -101.65M |
| Investing Cash Flow | -28.00K | 60.25M | -236.00K | -175.00K | -83.25K |
| Financing Cash Flow | -19.86M | -108.17M | 43.19M | -37.27M | 120.37M |
Accord Financial Technical Analysis
Negative
1.76
Price Trends
1.48
Negative
1.65
Negative
2.33
Negative
Market Momentum
-0.06
Positive
35.02
Neutral
2.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ACD, the sentiment is Negative. The current price of 1.76 is above the 20-day moving average (MA) of 1.35, above the 50-day MA of 1.48, and below the 200-day MA of 2.33, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 35.02 is Neutral, neither overbought nor oversold. The STOCH value of 2.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | C$836.03M | 6.47 | 21.55% | 3.01% | 24.26% | -7.76% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
55 Neutral | C$31.14M | -27.42 | -3.32% | ― | -50.97% | ― | |
43 Neutral | C$10.36M | -0.92 | -8.15% | ― | -31.13% | -527.57% | |
41 Neutral | C$584.27M | -2.97 | 18.88% | 4.48% | 9.99% | -205.90% |
* Financial Sector Average
TSE:ACD
Accord Financial
1.21
-1.95
-61.71%
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0.39
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-3.00%
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Accord Financial Corporate Events
Business Operations and StrategyM&A Transactions
Accord Financial Sells U.S. Loan Portfolio as It Refocuses on Canada and Cuts Debt
Positive
Mar 14, 2026
Accord Financial has sold a portion of the loan portfolio held by its U.S. subsidiary, generating gross proceeds of about $8.4 million that will be used to reduce its primary banking facility and further pay down debt. The deal follows additional ...
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.