Last C$9.19 CAD
Change Today +0.04 / 0.44%
Volume 700.0
ACD On Other Exchanges
Symbol
Exchange
Toronto
As of 1:15 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

accord financial corp (ACD) Snapshot

Open
C$9.15
Previous Close
C$9.15
Day High
C$9.20
Day Low
C$9.15
52 Week High
01/29/14 - C$10.75
52 Week Low
12/19/13 - C$7.57
Market Cap
76.3M
Average Volume 10 Days
916.1
EPS TTM
C$0.74
Shares Outstanding
8.3M
EX-Date
05/13/14
P/E TM
12.4x
Dividend
C$0.32
Dividend Yield
3.49%
Current Stock Chart for ACCORD FINANCIAL CORP (ACD)

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accord financial corp (ACD) Details

Accord Financial Corp., through its subsidiaries, provides asset-based financial services to industrial and commercial enterprises primarily in Canada and the United States. Its services include factoring, financing, credit investigation and guarantees, credit protection, and collection services, as well as supply chain financing for importers. The company is involved in recourse factoring, which entails financing or purchasing accounts receivable on a recourse basis; and asset-based lending, including financing tangible assets, such as inventory and equipment, and purchase order financing. Accord Financial Corp. is also engaged in non-recourse factoring, which provides credit guarantees and collection services on a non-recourse basis generally without financing; financing and management of international receivables; and equipment lease finance operations. It serves customers operating in various industries, including apparel, financial and professional services, newspaper, leasing, food processing, transportation, chemicals, electronics, oilfield services, telecommunications, textiles, furniture, sporting goods, footwear, floor coverings, printing, and industrial products. The company was founded in 1978 and is headquartered in Toronto, Canada.

94 Employees
Last Reported Date: 03/31/14
Founded in 1978

accord financial corp (ACD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $364.1K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: C$222.0K
Vice-President and President of Accord Financ...
Total Annual Compensation: C$314.4K
Vice President, President of Accord Financial...
Total Annual Compensation: C$254.9K
Compensation as of Fiscal Year 2013.

accord financial corp (ACD) Key Developments

Accord Financial Corp. Reports Financial Results for the First Quarter Ended March 31, 2014

Accord Financial Corp. reported financial results for the first quarter ended March 31, 2014. Net earnings declined by CAD 449,063 or 36% to CAD 796,965 in the first quarter of 2014 compared to the CAD 1,246,028 earned in the first quarter of 2013. Net earnings declined as a result of an increase in general and administrative expenses, a higher provision for credit and loan losses, increased interest expense, and business acquisition costs related to the acquisition of Varion Capital Corp. on January 31, 2014. Earnings per basic and diluted share decreased to 10 cents compared to 15 cents last year. Adjusted net earnings totaled CAD 1,234,659 in the first quarter of 2014, 2% below the CAD 1,265,939 earned in the first quarter of 2013. Adjusted EPS basic and diluted were 15 cents, the same as in last year's first quarter. Revenue rose by 11% to CAD 6,616,225 in the current quarter compared to CAD 5,947,217 last year. Revenue increased on higher funds employed and factoring volume.

Accord Financial Declares Quarterly Dividend, Payable on June 2, 2014

Accord Financial Corp. announced that its Board of Directors has declared a regular quarterly dividend of $0.08 per share, payable June 2, 2014 to shareholders of record at the close of business on May 15, 2014.

Accord Financial Corp., Annual General Meeting, May 07, 2014

Accord Financial Corp., Annual General Meeting, May 07, 2014., at 16:15 US Eastern Standard Time. Location: Toronto Board of Trade. Agenda: To receive the audited consolidated financial statements of the company for the fiscal year ended December 31, 2013, together with the auditors report thereon; to elect directors of the company; to appoint KPMG LLP as auditors of the company and to authorize the company's directors, through their audit committee, to fix the remuneration to be paid to the auditors; and to transact such other business as may properly come before the meeting or any adjournment thereof.

 

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Industry Analysis

ACD

Industry Average

Valuation ACD Industry Range
Price/Earnings 12.8x
Price/Sales 3.3x
Price/Book 1.4x
Price/Cash Flow 12.5x
TEV/Sales NM Not Meaningful
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