ACCORD FINANCIAL chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 5.47
Dividend & Yield0.30C$ (3.75%)
Beta 1.8
Market capitalization 67.62M
Operating cash flow -32.98M
ESG Scores unknown

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 financing or purchasing receivables on a recourse basis, as well as financing other tangible assets, such as inventory and equipment; and provision of lease and equipment, working capital, and film and media production financing, as well as credit guarantees and collection services. It also offers factoring and credit investigation services; and supply chain financing for importers. The company serves customers operating in manufacturing, retail, services, wholesale, import and export, lending, apparel and textile, food and beverage, and construction sectors. Accord Financial Corp. was founded in 1978 and is based in Toronto, Canada.

Sector: Financial Services - Industry: Credit Services

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 272.84k -3.17M 4.02M 1.35M
Total Cashflows From Investing Activities -501.27k -176.36k -43.47k -83.25k
Net Borrowings 101.67M 41.01M -19.41M 123.51M
Total Cash From Financing Activities 99.62M 37.94M -21.91M 120.37M
Change To Operating Activities -107.86M -53.64M 15.91M -117.81M
Issuance Of Stock 18k 160.34k
Net Income 10.36M 6.44M 416.63k 11.89M
Change In Cash 3.89M -9.57M -1.23M 18.6M
Effect Of Exchange Rate -882.8k 229.69k -2.65M -42.1k
Total Cash From Operating Activities -94.34M -47.56M 23.37M -101.65M
Depreciation 688.74k 1.03M 1.02M 836.34k
Change To Account Receivables
Other Cashflows From Financing Activities 924.25k -181.21k -181.39k -1.43M
Change To Netincome 2.2M 1.78M 2.01M 2.09M
Capital Expenditures -501.27k -176.36k -43.47k -83.25k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 11.33M 6.92M -4.06M 14.95M
Net Income 10.36M 6.44M 416.63k 11.89M
Selling General Administrative 23.52M 26.15M 25.66M 30.53M
Gross Profit 36.31M 37.93M 31.37M 49.15M
Ebit
Operating Income 11.28M 4.8M -2.18M 16.84M
Interest Expense
Income Tax Expense 104k 1.58M -4.67M 1.73M
Total Revenue 36.31M 37.93M 31.37M 49.15M
Cost Of Revenue
Total Other Income ExpenseNet 49.52k 2.12M -1.89M -1.89M
Net Income From Continuing Ops 11.23M 5.34M 607.77k 13.22M
Net Income Applicable To Common Shares 10.36M 6.44M 416.63k 11.89M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 278.6M 309.85M 291.15M 416.15M
Total Stockholder Equity 89.82M 92.51M 89.85M 99.97M
Other Current Liabilities 129.08k 337.76k 1.58M 2.29M
Total Assets 373.78M 406.21M 384.91M 520.11M
Common Stock 8.11M 9.48M 9.45M 9.45M
Other Current Assets 46.88k 6.97M 1.51M 10.47M
Retained Earnings 71.56M 74.99M 73.12M 83.3M
Treasury Stock 9.07M 6.72M 6.08M 6.13M
Cash 16.35M 6.78M 5.55M 13.84M
Total Current Liabilities 242.63M 258.9M 243.64M 240.67M
Other Stockholder Equity 9.07M 6.72M 6.08M 6.13M
Property, Plant, and Equipment 923.08k 2.34M 1.66M 1.27M
Total Current Assets 352.37M 383.38M 362.93M 497.31M
Net Tangible Assets 71.67M 75.42M 73.35M 83.71M
Net Receivables 335.98M 369.63M 355.87M 473M
Accounts Payable 13.78M 8.53M 13.19M 15.12M


Insider Transactions

Here are the insider transactions of stock shares related to ACCORD FINANCIAL:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Jang (James Chadwick)Acquisition or disposition under a purchase/ownership plan at price 6.56 per share.I2022-09-01Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)181
Jang (James Chadwick)Acquisition or disposition under a purchase/ownership plan at price 6.99 per share.I2022-06-01Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)175
Spivak (David Jason CPA)D2022-04-01Director of Issuer
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.90 per share.D2022-03-22Director of Issuer500
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.91 per share.D2022-03-22Director of Issuer500
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.85 per share.D2022-03-21Director of Issuer1.4k
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.87 per share.D2022-03-21Director of Issuer7.6k
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.78 per share.D2022-03-16Director of Issuer2k
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.89 per share.D2022-03-15Director of Issuer1k
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.91 per share.D2022-03-14Director of Issuer100
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.98 per share.D2022-03-14Director of Issuer300
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.92 per share.D2022-03-14Director of Issuer600
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.93 per share.D2022-03-14Director of Issuer300
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.97 per share.D2022-03-14Director of Issuer700
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.87 per share.D2022-03-11Director of Issuer1.8k
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.81 per share.D2022-03-11Director of Issuer1.7k
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.85 per share.D2022-03-11Director of Issuer200
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.86 per share.D2022-03-11Director of Issuer1.3k
Jang (James Chadwick)Acquisition or disposition under a purchase/ownership plan at price 7.02 per share.I2022-03-01Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)172
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.65 per share.D2021-12-31Director of Issuer500
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.64 per share.D2021-12-31Director of Issuer500
Hitzig, Simon JonathanAcquisition or disposition in the public market at price 6.62 per share.D2021-12-31Director of Issuer1k
Jang (James Chadwick)Acquisition or disposition under a purchase/ownership plan at price 6.55 per share.I2021-12-01Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)121

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to ACCORD FINANCIAL. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on ACCORD FINANCIAL

Here is the result of two systematic investment strategies applied to ACCORD FINANCIAL. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on ACCORD FINANCIAL

The following chart shows the equity curve of the two systematic investment strategies applied to ACCORD FINANCIAL:

ACCORD FINANCIAL automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 2.82% on the backtest period.

Performance at glance

Performance

2.82 %

Latent gain

56.12 C$

Invested capital

1992.38 C$

Annualized return

0.59 %
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Momentum strategy results on ACCORD FINANCIAL

This is the result of two momentum investment strategies applied to ACCORD FINANCIAL. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on ACCORD FINANCIAL

The following chart shows all the entries opened by the momentum investment system on ACCORD FINANCIAL:

ACCORD FINANCIAL momentum entries
  • The first momentum investment strategy would give 7.34% of return on ACCORD FINANCIAL. That represents 421.51C$ of latent gain with 5740.99C$ of employed capital.
  • The second momentum investment strategy would give 8.25% of return on ACCORD FINANCIAL. That represents 227.39C$ of latent gain with 2756.11C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

7.34 %

Latent gain

421.51 C$

Invested capital

5740.99 C$

Annualized return

-0.61 %
Performance at glance (2Q Momentum)

Performance

8.25 %

Latent gain

227.39 C$

Invested capital

2756.11 C$

Annualized return

1.9 %

Momentum equity curve on ACCORD FINANCIAL

The following chart shows the equity curve of the two momentum strategies applied to ACCORD FINANCIAL:

ACCORD FINANCIAL momentum equity

Note: the dividends potentially given by ACCORD FINANCIAL are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on ACCORD FINANCIAL

The following chart shows the employed capital evolution of the two momentum strategies on ACCORD FINANCIAL since the beginning:

ACCORD FINANCIAL

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on ACCORD FINANCIAL

Buy the dip entry openings on ACCORD FINANCIAL

ACCORD FINANCIAL

The performance achieved by the robo-advisor on ACCORD FINANCIAL is -1.73%. That represents -17.2$ of latent gain with 994.7C$ of employed capital. The following chart shows ACCORD FINANCIAL stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of ACCORD FINANCIAL, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-1.73 %

Latent gain

-17.2 C$

Invested capital

994.7 C$

Annualized return

-0.61 %

Equity curve of the strategy applied to ACCORD FINANCIAL

The following chart shows the result of the investment strategy applied to ACCORD FINANCIAL:

ACCORD FINANCIAL

Note: the dividends potentially given by ACCORD FINANCIAL are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on ACCORD FINANCIAL

The following chart shows the employed capital evolution since the beginning of the investment strategy on ACCORD FINANCIAL:

ACCORD FINANCIAL

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on ACCORD FINANCIAL

In this section, I will compare the three previous investment strategies applied to ACCORD FINANCIAL.

Equity curve comparison on ACCORD FINANCIAL

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

ACCORD FINANCIAL investment strategy comparison

Employed capital comparison on ACCORD FINANCIAL

ACCORD FINANCIAL investment comparison

Performance comparison on ACCORD FINANCIAL

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 2.82% 56.12C$ 1992.38C$ 0.59%
Momentum 1 quarter 7.34% 421.51C$ 5740.99C$ 1.6%
Momentum 2 quarters 8.25% 227.39C$ 2756.11C$ 1.9%
Non-directional -1.73% -17.2C$ 994.7C$ -0.61%
Annualized return comparison

Automatic investment

0.59 %

Momentum 1Q

1.9 %

Momentum 2Q

1.9 %

Non-directional

-0.61 %

Correlated stocks

Here are the most positively and negatively correlated stocks with ACCORD FINANCIAL:

Positive correlations

Most correlated stocks this year

  • ACCORD FINANCIAL

  • Most correlated stocks last 3 months

  • ACCORD FINANCIAL

  • Note: The algorithm computes the probability of correlation between ACCORD FINANCIAL and the other stocks. There may be false positives or some missing correlated stocks. If the price of ACCORD FINANCIAL does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name ACCORD FINANCIAL
    Country Canada
    City Toronto
    Address 40 Eglinton Avenue East
    Phone 800 967 0015
    Website www.accordfinancial.com
    FullTime employees
    Industry Credit Services
    Sector Financial Services
    Exchange XTSE
    Ticker ACD.XTSE
    Market

    ACCORD FINANCIAL ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown