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Canaccord Genuity (TSE:CF)
:CF
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Canaccord Genuity
(OTC:CF)
Rating:68Neutral
Price Target:
C$11.50
▲(3.88%Upside)
Canaccord Genuity (CF) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.13B
Dividend Yield3.08%
Average Volume (3M)150.97K
Price to Earnings (P/E)164.2
Beta (1Y)1.01
Revenue Growth19.63%
EPS Growth-10.57%
CountryCA
Employees2,892
SectorFinancial
Sector Strength81
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.12
Shares Outstanding102,529,366
10 Day Avg. Volume154,758
30 Day Avg. Volume150,965
Financial Highlights & Ratios
PEG Ratio-9.70
Price to Book (P/B)1.11
Price to Sales (P/S)0.00
P/FCF Ratio1.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$13.00Price Target Upside17.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Canaccord Genuity Business Overview & Revenue Model
Company DescriptionCanaccord 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 MoneyCanaccord Genuity generates revenue primarily through its two main divisions: Wealth Management and Capital Markets. In Wealth Management, the company earns money by providing financial advisory services, investment products, and portfolio management to individual and institutional clients, which generate fees based on assets under management and transactional activities. In Capital Markets, revenue is derived from underwriting services, advisory fees from mergers and acquisitions, and commissions from trading activities. The company's earnings are further supported by strategic partnerships with other financial institutions and a focus on high-growth sectors, which enhance its ability to attract and retain clients globally.
Canaccord Genuity Earnings Call Summary
Earnings Call Date:Jun 04, 2025
(Q4-2025)
| % Change Since: 22.56%|
Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong revenue growth and successful expansion activities, particularly in Wealth Management. However, the company faces challenges with elevated expenses, regulatory matters, and increased debt. The positive revenue and growth achievements are somewhat balanced by these ongoing issues.Q4-2025 Updates
Positive Updates
Record Quarterly Revenue
The company delivered its highest quarterly revenue in the past 11 quarters, driven by strong performance in the Wealth Management division and advisory fee contributions from Capital Markets.
Firm-wide Revenue Growth
Firm-wide revenue reached $1.8 billion for fiscal 2025, a 20% increase compared to the previous year and the strongest result since 2022.
Wealth Management Success
Client assets in Wealth Management grew to a record $120 billion, with new records set in each region. The division's adjusted pretax net income rose 22% year-over-year to $41 million for the fourth quarter.
Capital Markets Advisory Strength
The Advisory segment delivered its strongest quarterly revenue of the fiscal year, helping lift the revenue contribution from Capital Markets to its strongest result in three years.
U.K. Wealth Management Acquisitions
Completed three acquisitions in the U.K. & Crown Dependencies, enhancing financial planning offerings and extending presence across onshore and offshore markets.
Negative Updates
Elevated Non-Compensation Expenses
Firm-wide non-compensation expenses remained high, totaling $149 million for the quarter and $581 million for the year, representing increases of 24% and 19%, respectively.
Regulatory Matter Impact
Profitability in Capital Markets was negatively impacted by elevated non-compensation expenses, primarily due to professional fees and provisions related to a U.S. regulatory matter.
Debt Increase
The company's debt increased quarter-over-quarter, partially due to the Brooks Macdonald acquisition and the convertible debt coming on in fiscal 2024.
Company Guidance
During Canaccord Genuity Group Inc.'s fiscal 2025 fourth quarter results call, the company reported its highest quarterly revenue in the past 11 quarters, achieving firm-wide revenue of $1.8 billion for the fiscal year—a 20% increase compared to the previous year. The Wealth Management division saw client assets grow to a record $120 billion, supported by acquisitions and recruitment. Adjusted pretax net income for the Wealth Management division rose 22% year-over-year to $41 million. The Capital Markets division also reported strong results, with advisory revenue reaching $90 million for the quarter, marking its strongest quarterly performance of the fiscal year. However, firm-wide non-compensation expenses were elevated, totaling $149 million in the fourth quarter. The adjusted diluted earnings per share for the fiscal year was $0.61, a 53% increase year-over-year. The company is focusing on cost discipline and anticipates margin improvements, aiming for single-digit growth in the upcoming fiscal year.Canaccord Genuity Financial Statement Overview
Summary
Canaccord Genuity is experiencing mixed financial performance. While revenue and cash flow have improved, profitability issues remain a concern due to negative net income. The balance sheet shows increased leverage, which poses risks in a volatile market.Income Statement
The company's revenue has shown volatility with a decrease from 2022 to 2024, followed by an increase in 2025. Gross profit margins have remained relatively stable, while EBIT and EBITDA margins have decreased over recent years, indicating pressure on operating efficiencies. The net profit margin has turned negative in recent years, highlighting profitability challenges.55
Neutral
Balance Sheet
The company's debt-to-equity ratio has increased, indicating higher financial leverage, which could pose risks if not managed well. However, the equity ratio remains stable, suggesting a balanced asset financing strategy. Return on equity has turned negative, reflecting profitability issues and impacting the balance sheet strength.60
Neutral
Cash Flow
The cash flow analysis reveals an improvement in operating cash flow in 2025 after a negative trend in previous years. Free cash flow has turned positive, indicating better cash management and potential for reinvestment. However, the operating cash flow to net income ratio remains a concern due to negative net income.70
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.77B | 1.48B | 1.51B | 2.05B | 2.01B |
| Gross Profit | 634.09M | 535.65M | 477.44M | 694.99M | 657.64M |
| EBITDA | 260.45M | 226.46M | 209.68M | 468.68M | 460.66M |
| Net Income | -17.50M | -13.16M | -90.10M | 246.31M | 263.79M |
Balance Sheet | |||||
| Total Assets | 6.72B | 6.13B | 6.30B | 7.25B | 7.63B |
| Cash, Cash Equivalents and Short-Term Investments | 1.90B | 1.43B | 1.72B | 2.84B | 2.92B |
| Total Debt | 770.83M | 604.75M | 433.86M | 285.09M | 348.83M |
| Total Liabilities | 5.36B | 4.77B | 4.90B | 5.83B | 6.52B |
| Stockholders Equity | 959.79M | 995.64M | 1.05B | 1.18B | 1.11B |
Cash Flow | |||||
| Free Cash Flow | 396.40M | -38.56M | -612.77M | 248.59M | 1.09B |
| Operating Cash Flow | 475.61M | -12.88M | -584.42M | 263.25M | 1.10B |
| Investing Cash Flow | -151.12M | -32.79M | -288.11M | -202.00M | -12.53M |
| Financing Cash Flow | -9.82M | -110.60M | 71.22M | -142.86M | -191.23M |
Canaccord Genuity Technical Analysis
Positive
11.07
Price Trends
9.67
Positive
8.96
Positive
9.27
Positive
Market Momentum
0.42
Negative
68.40
Neutral
77.13
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 11.07 is above the 20-day moving average (MA) of 10.41, above the 50-day MA of 9.67, and above the 200-day MA of 9.27, indicating a bullish trend. The MACD of 0.42 indicates Negative momentum. The RSI at 68.40 is Neutral, neither overbought nor oversold. The STOCH value of 77.13 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 (67)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | C$159.11M | 4.86 | 44.03% | ― | 461.24% | 82.98% | |
70 Outperform | $10.67B | 31.80 | -23.34% | ― | ― | -82.47% | |
69 Neutral | C$122.33M | 23.32 | 5.85% | ― | -0.24% | -46.22% | |
68 Neutral | C$1.13B | 164.20 | -1.78% | 3.08% | 19.63% | -10.57% | |
67 Neutral | $16.86B | 11.82 | 9.77% | 3.72% | 12.02% | -8.27% | |
56 Neutral | C$174.11M | 56.15 | 5.61% | ― | -9.36% | ― |
* Financial Sector Average
Performance Comparison
TSE:CF
Canaccord Genuity
11.07
2.35
26.95%
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Canaccord Genuity Corporate Events
Business Operations and StrategyFinancial Disclosures
Canaccord Genuity Reports Strong Fiscal 2025 Results with Record Revenue Growth
Positive
Jun 4, 2025
Canaccord Genuity Group Inc. reported strong financial results for the fourth quarter and fiscal year 2025, with notable revenue growth in wealth management and capital markets. Despite a decrease in net income before taxes in the fourth quarter, the company achieved a significant year-over-year increase in fiscal 2025 revenue, driven by record performances in its global wealth management operations. The company remains optimistic about improving activity levels in capital markets and aims to enhance operating margins through cost-efficiency efforts.
The most recent analyst rating on (TSE:CF) stock is a Buy with a C$13.00 price target. To see the full list of analyst forecasts on Canaccord Genuity stock, see the TSE:CF Stock Forecast page.
Financial Disclosures
Canaccord Genuity to Release Q4 and Fiscal 2025 Results
Neutral
May 22, 2025
Canaccord Genuity Group Inc. announced it will release its fourth quarter and fiscal 2025 financial results after the Canadian markets close on June 4, 2025. A conference call to discuss these results is scheduled for June 5, 2025, and will be accessible via live webcast and telephone. This announcement provides stakeholders with an opportunity to gain insights into the company’s financial performance and strategic direction, potentially impacting investor decisions and market perceptions.
The most recent analyst rating on (TSE:CF) stock is a Buy with a C$11.25 price target. To see the full list of analyst forecasts on Canaccord Genuity stock, see the TSE:CF Stock Forecast page.
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.