Canaccord Genuity (CF) AI Stock Analysis

• Market Cap: C$1.38B
• Dividend Yield: 2.96%
• Average Volume (3M): 124.26K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.24
• Revenue Growth: 14.59%
• EPS Growth: -4520.50%
• Country: CA
• Employees: 2,892
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 0.36
• Shares Outstanding: 102,734,160
• 10 Day Avg. Volume: 176,685
• 30 Day Avg. Volume: 124,263
• PEG Ratio: 0.84
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.55
• P/FCF Ratio: -21.21
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$16.48
• Price Target Upside: 21.06% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 1.06
• Revenue Forecast (FY): C$2.10B

• Rating: 57 Neutral
• Price Target: C$13.50 ▼(-0.81% Downside)
• Action: Reiterated Date: 02/20/26
• Date: Action: Reiterated 02/20/26

The score is held back primarily by weak financial performance (ongoing net losses and sharply higher leverage), partially offset by strong recent cash flow and favorable technical momentum (price above key moving averages with positive MACD). Valuation is mixed: a moderate dividend helps, but the negative P/E reflects loss-making results.

Positive Factors

Strong operating and free cash flow

Material TTM operating cash flow and FCF provide durable internal funding that supports underwriting, advisor payouts and working capital. Strong cash generation reduces near-term refinancing needs, gives management flexibility to invest or weather capital-markets cycles despite reported net losses.

Revenue rebound and improved gross margin

A recent revenue rebound coupled with substantially improved gross margin indicates better top-line traction and unit economics. If sustained, this combination supports operating leverage and the ability to convert fee-based growth into more durable operating profits across wealth and capital-markets businesses.

Diversified capital-markets and wealth model

The firm's mix of advisory/underwriting, institutional brokerage and recurring AUM fees creates complementary revenue streams. Recurring wealth-management fees temper capital-markets cyclicality, while capital-markets activity delivers episodic upside—structural diversification that supports steadier cash over time.

Negative Factors

Elevated leverage

A sharp rise to ~2.33x debt-to-equity materially increases financial risk for a market-facing firm. Higher leverage magnifies earnings volatility, raises interest and refinancing pressures, and constrains capital allocation flexibility, leaving the company more exposed in prolonged market downturns.

Persistent net losses and weak returns

Ongoing net losses and negative returns on equity erode retained capital and limit the firm's ability to reinvest or support dividends. For a cyclical capital-markets business, persistent unprofitability undermines stakeholder confidence and raises the bar for management to prove sustainable profitability.

Historically uneven cash flows

Despite recent strong FCF, prior material outflows show cash generation is volatile. This unevenness risks that current cash strength is temporary; planning for advisor compensation, deal pipelines and debt service may be disrupted if market activity weakens, increasing refinancing or liquidity risk.

Canaccord Genuity Business Overview & Revenue Model

Company Description

Canaccord Genuity Group Inc., a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries. The company operates in North America, the United Kingdom, Europe, Asia, Australia, and the Middle East. Canaccord Genuity Group Inc. was founded in 1950 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Canaccord Genuity generates revenue through multiple streams. The primary sources include investment banking fees from advisory services and underwriting activities, which involve raising capital for companies through public offerings and private placements. Additionally, the firm earns commissions and trading revenues from its capital markets division, where it facilitates buying and selling of securities for clients. The wealth management segment contributes by charging management fees on assets under management and earning performance fees based on investment returns. Strategic partnerships with other financial institutions and clients also enhance revenue opportunities, particularly in cross-border transactions and collaborative investment strategies. Overall, the firm benefits from a diversified revenue model, which helps mitigate risks associated with fluctuations in market conditions.

Canaccord Genuity Financial Statement Overview

Summary

Mixed fundamentals: revenue rebounded and margins improved, and recent operating/free cash flow is strong, but net losses persist and leverage rose sharply (elevated debt-to-equity), reducing earnings stability and increasing financial risk.

Income Statement

TTM (Trailing-Twelve-Months) revenue rebounded (+9.9%), and gross margin improved meaningfully (~51%), but profitability is the key issue: the company posted a sizable net loss (net margin ~-9.9%) despite positive operating profit. Results have been volatile over the last few years (strong profitability in 2021–2022, then losses in 2023 and near-breakeven in 2024–2025 annual), which lowers confidence in earnings stability.

Balance Sheet

Leverage has risen sharply in the most recent period: TTM (Trailing-Twelve-Months) debt-to-equity is elevated (~2.33x) versus more moderate levels in prior annual periods (~0.24x–0.61x). Equity remains positive, but the TTM return on equity is deeply negative due to losses, and higher leverage increases sensitivity to market/earnings swings for a capital-markets business.

Cash Flow

Cash generation is a relative bright spot: TTM (Trailing-Twelve-Months) operating cash flow (~$544M) and free cash flow (~$531M) are strong, with very large free-cash-flow growth versus the prior period provided. However, cash flow has been highly uneven historically (material cash outflows in 2023 and 2024 annual), and the current cash strength is occurring alongside net losses, which warrants caution on durability.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	2.08B	1.77B	1.51B	2.05B	2.01B	1.22B
Gross Profit	1.07B	634.09M	477.44M	694.99M	657.64M	401.59M
EBITDA	119.03M	260.45M	88.08M	453.35M	449.46M	189.16M
Net Income	-205.29M	-17.50M	-90.10M	246.31M	263.79M	86.49M
Balance Sheet
Total Assets	6.61B	6.72B	6.30B	7.25B	7.63B	5.96B
Cash, Cash Equivalents and Short-Term Investments	2.30B	1.90B	1.72B	2.84B	2.92B	1.93B
Total Debt	1.39B	770.83M	433.86M	285.09M	348.83M	334.39M
Total Liabilities	5.50B	5.36B	4.90B	5.83B	6.52B	5.03B
Stockholders Equity	694.35M	959.79M	1.05B	1.18B	1.11B	928.62M
Cash Flow
Free Cash Flow	531.31M	396.40M	-612.77M	248.59M	1.09B	362.31M
Operating Cash Flow	544.35M	475.61M	-584.42M	263.25M	1.10B	368.67M
Investing Cash Flow	-65.18M	-151.12M	-288.11M	-202.00M	-86.13M	-49.92M
Financing Cash Flow	10.01M	-9.82M	71.22M	-142.86M	-117.64M	-147.34M

Canaccord Genuity Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.61
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: 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 13.61 is above the 20-day moving average (MA) of 12.55, above the 50-day MA of 11.96, and above the 200-day MA of 10.80, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 72.06 is Negative, neither overbought nor oversold. The STOCH value of 69.46 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CXI	76 Outperform	C$166.74M	12.08	7.24%	―	-4.76%	-40.05%
PNP	70 Outperform	C$93.64M	3.30	38.03%	―	294.30%	49.60%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CF	57 Neutral	C$1.38B	-6.15	-29.66%	2.96%	14.59%	-4520.50%
FRNT	47 Neutral	C$10.64M	-3.12	-66.57%	―	-51.53%	3.62%
DELX	45 Neutral	C$10.47M	-3.90	―	―	―	51.76%

Canaccord Genuity Corporate Events

Canaccord Genuity Sets February Dates for Q3 2026 Results Release and Investor Call

Canaccord Genuity Group Inc. will release its third quarter fiscal 2026 financial results and supplementary information after the close of Canadian markets on February 13, 2026, followed by a conference call and webcast on February 17, 2026. The company is providing multiple access points for investors, analysts, and other stakeholders to review the results and participate in the call, including a live webcast, regional dial-in numbers, and an archived replay available for one month, underscoring its efforts to maintain transparent communication and engagement with the market ahead of its latest quarterly disclosure.

The most recent analyst rating on (TSE:CF) stock is a Hold with a C$11.00 price target. To see the full list of analyst forecasts on Canaccord Genuity stock, see the TSE:CF Stock Forecast page.

Canaccord Genuity Expands U.S. Renewable Energy Advisory With Carbon Reduction Capital Acquisition

Canaccord Genuity Group Inc. has acquired U.S.-based Carbon Reduction Capital, LLC, a prominent advisor specializing in M&A, project finance, and capital raising across the renewable energy spectrum, including wind, solar, storage, carbon capture and broader energy transition segments. The deal strengthens Canaccord Genuity’s advisory and capital markets capabilities in high-growth sustainable energy sectors and establishes a new Energy Transformation group within its U.S. Sustainability – Energy and Industrial Transformation investment banking platform, led by CRC-IB partners. By integrating CRC-IB’s track record of more than 400 transactions worth about US$91 billion with Canaccord’s global M&A and equity capital markets franchise, the firm aims to expand its U.S. and international market share in renewable energy advisory, offering enhanced services to public and private companies and financial sponsors in commercial and industrial markets.

The most recent analyst rating on (TSE:CF) stock is a Hold with a C$11.00 price target. To see the full list of analyst forecasts on Canaccord Genuity stock, see the TSE:CF Stock Forecast page.