Accord Financial Corp. (T:ACD)
Business Focus: Corporate Financial Services (NEC)
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Latest 10 SEDI filings for ACD within the last 6 months
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Company News
Nov 14, 2023 17:45 ET
Accord Announces Third Quarter Financial Results
Accord Financial Corp. (“Accord” or the “Company”) (TSX – ACD) today released its financial results for the third quarter ended September 30, 2023. The financial figures presented in this release are reported in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards.
Aug 15, 2023 16:00 ET
Accord Financial Confirms Amendments to Convertible Debentures
Accord Financial Corp. (“Accord” or the “Company”) (TSX – ACD) announced the following amendments (the “Amendments”) to its 7% convertible unsecured subordinated debentures issued on December 18, 2018 and due December 31, 2023 (the “Debentures”) are effective today:
Valuation Ratios
Industry
Sector
Beta
1.48
--
--
Price to Sales - TTM
0.48
3.98
4.09
Price to Book - most recent quarter
0.39
1.77
1.32
Price to Cash Flow per share - TTM
--
10.80
8.59
Price to Free Cash Flow per share - TTM
--
12.33
15.73
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Oct 15, 2023 | 25 | 0 |
| Jun 30, 2023 | 100 | -1,500 |
| Jun 15, 2023 | 1,600 | 1,300 |
Business Summary
| Sector: Financials | Industry: Corporate Financial Services |
Accord Financial Corp. is a Canada-based commercial finance company. The Company operates six finance companies in North America, namely, Accord Financial Inc. (AFIC), Accord Financial Canada Corp. (AFCC) and Accord Financial Ltd. (AFL) in Canada, and Accord Financial, Inc. (AFIU), BondIt Media Capital (BondIt) and Accord CapX LLC (doing business as Accord Equipment Finance (AEF), in the United States. The Company's business principally involves asset-based lending by AFIC and AFIU, which entails financing or purchasing receivables on a recourse basis, as well as financing other tangible assets, such as inventory and equipment; equipment financing by AEF and AFCC. AFCC also provides working capital financing to small businesses through its Accord Small Business Finance (ASBF) subsidiary; film and media production financing by BondIt; and credit protection and receivables management services by AFL, which principally involves providing credit guarantees and collection services.
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