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Canaccord Genuity Group

TSX:CF
Snowflake Description

Established dividend payer with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CF
TSX
CA$379M
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Canaccord Genuity Group Inc., a full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • Canaccord Genuity Group has significant price volatility in the past 3 months.
CF Share Price and Events
7 Day Returns
22.2%
TSX:CF
2%
CA Capital Markets
6.4%
CA Market
1 Year Returns
-32.9%
TSX:CF
-19.2%
CA Capital Markets
-25.5%
CA Market
CF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Canaccord Genuity Group (CF) 22.2% -19.8% -16.9% -32.9% -17.8% -42.9%
CA Capital Markets 2% -24% -26.2% -19.2% -20% -21.3%
CA Market 6.4% -22.6% -26.8% -25.5% -23.5% -17.4%
1 Year Return vs Industry and Market
  • CF underperformed the Capital Markets industry which returned -19.2% over the past year.
  • CF underperformed the Market in Canada which returned -25.5% over the past year.
Price Volatility
CF
Industry
5yr Volatility vs Market

CF Value

 Is Canaccord Genuity Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Canaccord Genuity Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Canaccord Genuity Group.

TSX:CF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CA$6.10 * 6.9%
CA$0.42
Book Value of Equity per Share Median Book Value from the past 5 years. CA$6.10
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:CF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.752 (1 + (1- 26.5%) (89.36%))
1.164
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (1.164 * 5.44%)
7.77%

Discounted Cash Flow Calculation for TSX:CF using Excess Returns Model Model

The calculations below outline how an intrinsic value for Canaccord Genuity Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

TSX:CF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.9% – 7.77%) * CA$6.10)
CA$-0.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$-0.05 / (7.77% - 1.44%)
CA$-0.82
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$6.10 + CA$-0.82
CA$5.28
TSX:CF Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$5.28
Current discount Discount to share price of CA$4.02
= -1 x (CA$4.02 - CA$5.28) / CA$5.28
23.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Canaccord Genuity Group is available for.
Intrinsic value
24%
Share price is CA$4.02 vs Future cash flow value of CA$5.28
Current Discount Checks
For Canaccord Genuity Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Canaccord Genuity Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Canaccord Genuity Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Canaccord Genuity Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Canaccord Genuity Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:CF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$0.54
TSX:CF Share Price ** TSX (2020-03-27) in CAD CA$4.02
Canada Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 7.37x
Canada Market PE Ratio Median Figure of 500 Publicly-Listed Companies 10.58x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Canaccord Genuity Group.

TSX:CF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:CF Share Price ÷ EPS (both in CAD)

= 4.02 ÷ 0.54

7.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canaccord Genuity Group is overvalued based on earnings compared to the CA Capital Markets industry average.
  • Canaccord Genuity Group is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Canaccord Genuity Group's expected growth come at a high price?
Raw Data
TSX:CF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 39 Publicly-Listed Capital Markets Companies 1.81x
Canada Market PEG Ratio Median Figure of 235 Publicly-Listed Companies 0.71x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Canaccord Genuity Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Canaccord Genuity Group's assets?
Raw Data
TSX:CF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$6.84
TSX:CF Share Price * TSX (2020-03-27) in CAD CA$4.02
Canada Capital Markets Industry PB Ratio Median Figure of 157 Publicly-Listed Capital Markets Companies 0.82x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 0.99x
TSX:CF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:CF Share Price ÷ Book Value per Share (both in CAD)

= 4.02 ÷ 6.84

0.59x

* Primary Listing of Canaccord Genuity Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canaccord Genuity Group is good value based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess Canaccord Genuity Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Canaccord Genuity Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CF Future Performance

 How is Canaccord Genuity Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
32.2%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Canaccord Genuity Group expected to grow at an attractive rate?
  • Canaccord Genuity Group's earnings growth is expected to exceed the low risk savings rate of 1.4%.
Growth vs Market Checks
  • Canaccord Genuity Group's earnings growth is expected to exceed the Canada market average.
  • Canaccord Genuity Group's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:CF Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:CF Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 32.2%
TSX:CF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.6%
North America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
North America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:CF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:CF Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 1,298 1
2021-03-31 1,271 135 3
2020-03-31 1,211 -456 3
2020-03-30
TSX:CF Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,158 -163 53
2019-09-30 1,185 -226 63
2019-06-30 1,214 -32 63
2019-03-31 1,165 42 56
2018-12-31 1,202 369 42
2018-09-30 1,182 367 44
2018-06-30 1,078 250 23
2018-03-31 1,004 244 3
2017-12-31 956 183 44
2017-09-30 856 245 13
2017-06-30 859 336 19
2017-03-31 866 237 27

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Canaccord Genuity Group's earnings are expected to grow significantly at over 20% yearly.
  • Canaccord Genuity Group's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:CF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Canaccord Genuity Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CF Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31
2021-03-31 0.78 0.78 0.78 1.00
2020-03-31 0.57 0.57 0.57 1.00
2020-03-30
TSX:CF Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 0.54
2019-09-30 0.64
2019-06-30 0.64
2019-03-31 0.58
2018-12-31 0.44
2018-09-30 0.47
2018-06-30 0.25
2018-03-31 0.04
2017-12-31 0.47
2017-09-30 0.14
2017-06-30 0.20
2017-03-31 0.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Canaccord Genuity Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Canaccord Genuity Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Canaccord Genuity Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CF Past Performance

  How has Canaccord Genuity Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Canaccord Genuity Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Canaccord Genuity Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Canaccord Genuity Group's 1-year earnings growth is less than its 5-year average (27.6% vs 51.7%)
  • Canaccord Genuity Group's earnings growth has exceeded the CA Capital Markets industry average in the past year (27.6% vs -9.4%).
Earnings and Revenue History
Canaccord Genuity Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Canaccord Genuity Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CF Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,158.38 53.46 862.12
2019-09-30 1,184.55 63.41 876.74
2019-06-30 1,213.98 62.83 901.15
2019-03-31 1,165.11 56.24 870.33
2018-12-31 1,202.03 41.91 925.18
2018-09-30 1,181.61 43.89 909.03
2018-06-30 1,077.61 23.50 846.60
2018-03-31 1,004.44 3.43 803.92
2017-12-31 956.22 43.79 724.05
2017-09-30 856.23 12.93 668.84
2017-06-30 859.43 18.54 672.93
2017-03-31 865.61 27.03 674.20
2016-12-31 796.54 -24.82 659.78
2016-09-30 770.67 -375.31 663.39
2016-06-30 767.97 -374.20 660.56
2016-03-31 777.58 -370.46 664.85
2015-12-31 808.44 -374.95 671.41
2015-09-30 792.22 -50.02 653.32
2015-06-30 837.20 -32.73 676.53
2015-03-31 867.34 -25.06 695.47
2014-12-31 887.75 27.71 694.43
2014-09-30 951.65 66.45 716.02
2014-06-30 897.60 48.95 687.77
2014-03-31 838.89 39.65 648.09
2013-12-31 803.41 20.82 634.06
2013-09-30 802.35 14.30 637.06
2013-06-30 806.41 0.05 642.35
2013-03-31 781.82 -28.54 645.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Canaccord Genuity Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Canaccord Genuity Group used its assets less efficiently than the CA Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Canaccord Genuity Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Canaccord Genuity Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Canaccord Genuity Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CF Health

 How is Canaccord Genuity Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Canaccord Genuity Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Canaccord Genuity Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Canaccord Genuity Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Canaccord Genuity Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 16.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Canaccord Genuity Group Company Filings, last reported 2 months ago.

TSX:CF Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 853.58 224.68 1,472.13
2019-09-30 837.95 227.72 1,217.29
2019-06-30 841.98 224.90 2,002.03
2019-03-31 878.36 209.86 1,511.24
2018-12-31 841.50 209.93 1,639.95
2018-09-30 800.06 242.42 1,552.06
2018-06-30 834.83 147.52 1,365.11
2018-03-31 854.92 136.02 1,332.06
2017-12-31 778.36 133.94 1,107.09
2017-09-30 733.74 157.26 1,012.54
2017-06-30 754.36 64.10 1,106.98
2017-03-31 776.64 89.22 1,462.00
2016-12-31 745.25 75.34 891.42
2016-09-30 736.92 56.57 968.60
2016-06-30 745.57 97.38 1,009.03
2016-03-31 758.65 29.91 993.08
2015-12-31 800.69 36.49 970.20
2015-09-30 1,139.85 36.36 1,106.35
2015-06-30 1,139.55 15.00 1,301.84
2015-03-31 1,127.82 35.26 1,170.45
2014-12-31 1,117.56 15.00 1,358.00
2014-09-30 1,156.94 15.00 1,331.72
2014-06-30 1,139.11 15.00 1,587.12
2014-03-31 1,183.59 15.00 1,507.50
2013-12-31 1,131.51 100.08 1,501.61
2013-09-30 1,094.99 98.43 1,289.42
2013-06-30 1,080.87 99.19 1,807.20
2013-03-31 1,065.33 81.14 1,415.35
  • Canaccord Genuity Group's level of debt (26.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.4% vs 26.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Canaccord Genuity Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Canaccord Genuity Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Canaccord Genuity Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CF Dividends

 What is Canaccord Genuity Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.96%
Current annual income from Canaccord Genuity Group dividends. Estimated to be 5.37% next year.
If you bought CA$2,000 of Canaccord Genuity Group shares you are expected to receive CA$179 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Canaccord Genuity Group's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.73%).
  • Canaccord Genuity Group's dividend is above the markets top 25% of dividend payers in Canada (8.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:CF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 4.9%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:CF Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.26 1.00
2021-03-31 0.21 2.00
2020-03-31 0.20 2.00
2020-03-30
TSX:CF Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-02-05 0.360 7.627
2019-11-06 0.360 7.398
2019-08-06 0.360 6.891
2019-06-05 0.200 3.572
2019-02-13 0.150 2.601
2018-11-14 0.150 2.456
2018-08-01 0.150 2.184
2018-06-06 0.150 2.093
2018-02-07 0.040 0.620
2017-11-07 0.040 0.753
2017-08-03 0.040 0.874
2017-06-02 0.040 0.723
2017-02-09 0.000 0.000
2016-11-01 0.000 0.000
2016-08-03 0.000 0.000
2016-06-01 0.000 0.000
2016-02-11 0.000 0.000
2015-11-05 0.200 4.380
2015-08-04 0.200 3.573
2015-06-02 0.200 2.685
2015-02-04 0.200 2.987
2014-11-05 0.200 2.611
2014-08-06 0.200 1.806
2014-06-04 0.200 1.624
2014-02-06 0.200 2.299
2013-11-06 0.200 3.071
2013-08-06 0.200 3.036
2013-05-21 0.200 3.278
2013-02-07 0.200 3.052
2012-05-23 0.400 7.322
2012-02-08 0.400 4.853
2011-11-10 0.400 4.848
2011-08-03 0.400 4.182
2011-05-17 0.400 3.118
2011-02-10 0.300 2.087
2010-11-03 0.200 1.504
2010-08-05 0.200 1.920
2010-05-19 0.200 2.198
2010-02-04 0.200 1.983
2009-11-05 0.200 1.909
2009-08-06 0.000 0.000
2009-05-26 0.000 0.000
2009-05-20 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Canaccord Genuity Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Canaccord Genuity Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Canaccord Genuity Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Canaccord Genuity Group has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CF Management

 What is the CEO of Canaccord Genuity Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dan Daviau
COMPENSATION CA$11,103,652
AGE 54
TENURE AS CEO 4.4 years
CEO Bio

Mr. Daniel Joseph Daviau, also known as Dan, has been the Chief Executive Officer and President of Canaccord Genuity Group Inc., since Ocotber 1, 2015. Mr. Daviau served as the Chief Executive Officer of North American Capital Markets at Canaccord Genuity Group Inc. Mr. Daviau served as the President at Canaccord Genuity Inc. and Canaccord Genuity Securities LLC at Canaccord Financial Inc. from June 2012 to October 1, 2015. Mr. Daviau oversees all aspects of Canaccord's capital markets businesses in the US. Based in New York, his initial tasks are focused on maximizing Canaccord's position in this important market through highly targeted growth initiatives and broad-based expense management programs. Mr. Daviau served as Managing Director and Head of Canadian Investment Banking at Canaccord Financial Inc. He Co-Founded Genuity Capital Markets in Toronto, Ontario and served as its Principal and Head of Equity Capital Markets. He served as Legal Counsel of DDS Wireless International Inc. since June 2004 He served at CIBC World Markets from 1992 to 2004 as Head of CIBC World Markets' Technology Investment Banking Group in Canada. He served at as Co-Head of Investment Banking at Canaccord Genuity Inc. from 2001 to 2004. from 1999 to 2001. He joined Canaccord in 2010 through the Canaccord Genuity Securities LLC's acquisition of Genuity Capital Markets, which he co-founded in 2005. He served as Co-Head of Investment Banking and Head of Technology, Media and Telecom at CIBC. Mr. Daviau has 24 years of investment banking experience. He served at with CIBC World Markets since 1992. Prior to 1992, he was a Lawyer with Goodmans LLP. Mr. Daviau has a wide range of experience in financial transactions including equity offerings as well as mergers and acquisitions. He has been Director of Canaccord Genuity Limited since November 2, 2016. He has been a Director of Canaccord Genuity Group Inc., since October 01, 2015. He served as a Director of DDS Wireless International Inc. from June 11, 2004 to March 15, 2010. He served as a Director of DDS Wireless International Inc. from June 11, 2004 to March 15, 2010. In 2004, Mr. Daviau was recognized as one of Canada's Top 40 under 40, honoring the top 40 Canadians, who have reached a significant level of success in their respective fields and was a Member of the Young President' Organization. Mr. Daviau holds an MBA from York University, an LL.B from Osgoode Hall/York University and a B.A. in Mathematics and Statistics from the University of Western Ontario.

CEO Compensation
  • Dan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dan's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Canaccord Genuity Group management team in years:

4.4
Average Tenure
56
Average Age
  • The tenure for the Canaccord Genuity Group management team is about average.
Management Team

David Kassie

TITLE
Executive Chairman
COMPENSATION
CA$4M
AGE
63

Dan Daviau

TITLE
CEO, President & Director
COMPENSATION
CA$11M
AGE
54
TENURE
4.4 yrs

Don MacFayden

TITLE
Executive VP & CFO
COMPENSATION
CA$2M
TENURE
3 yrs

Jeff Barlow

TITLE
President of Canaccord Genuity LLC (U.S.)
COMPENSATION
CA$6M
TENURE
4.4 yrs

David Esfandi

TITLE
Chief Executive Officer of Canaccord Genuity Wealth Management (UK & Europe)
COMPENSATION
CA$5M
TENURE
2.9 yrs

Pat Burke

TITLE
President of Capital Markets - Canaccord Genuity Corporation (Canada)
COMPENSATION
CA$4M
TENURE
4.4 yrs

Michel Perera

TITLE
Chief Investment Officer
TENURE
2.8 yrs

Olivier Dardel

TITLE
Head of Paris Office

George Henry Garnett

TITLE
Director of Corporate Finance
AGE
29

Stuart Raftus

TITLE
Executive VP
COMPENSATION
CA$3M
AGE
58
TENURE
4.4 yrs
Board of Directors Tenure

Average tenure and age of the Canaccord Genuity Group board of directors in years:

7.9
Average Tenure
64
Average Age
  • The tenure for the Canaccord Genuity Group board of directors is about average.
Board of Directors

David Kassie

TITLE
Executive Chairman
COMPENSATION
CA$4M
AGE
63
TENURE
7.9 yrs

Dan Daviau

TITLE
CEO, President & Director
COMPENSATION
CA$11M
AGE
54
TENURE
4.4 yrs

Stephen Massey

TITLE
Chairman of the Canaccord Genuity Wealth - UK
AGE
62

Terry Lyons

TITLE
Lead Independent Director
COMPENSATION
CA$391K
AGE
69

Mike Harris

TITLE
Independent Director
COMPENSATION
CA$127K
AGE
74
TENURE
16.2 yrs

Chuck Bralver

TITLE
Independent Director
COMPENSATION
CA$124K
AGE
67
TENURE
10 yrs

Dipesh Shah

TITLE
Independent Director
COMPENSATION
CA$123K
AGE
64
TENURE
8.2 yrs

Merri Jones

TITLE
Independent Director
COMPENSATION
CA$77K
AGE
68
TENURE
1.6 yrs

Sally Tennant

TITLE
Director
AGE
63
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • Canaccord Genuity Group individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
10. Feb 20 Sell Mark Whaling Individual 10. Feb 20 10. Feb 20 -15,000 CA$5.30 CA$-79,530
10. Feb 20 Sell Jeffrey Barlow Individual 10. Feb 20 10. Feb 20 -60,000 CA$5.28 CA$-316,800
26. Aug 19 Sell David Esfandi Individual 08. Aug 19 13. Aug 19 -31,120 CA$5.26 CA$-163,499
X
Management checks
We assess Canaccord Genuity Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Canaccord Genuity Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CF News

Simply Wall St News

How Much Of Canaccord Genuity Group Inc. (TSE:CF) Do Insiders Own?

See our latest analysis for Canaccord Genuity Group TSX:CF Ownership Summary, August 19th 2019 What Does The Institutional Ownership Tell Us About Canaccord Genuity Group? … We can see that Canaccord Genuity Group does have institutional investors; and they hold 26% of the stock. … Insider Ownership Of Canaccord Genuity Group The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Does Market Volatility Impact Canaccord Genuity Group Inc.'s (TSE:CF) Share Price?

(TSE:CF), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … The fact that this is well below 1 indicates that its share price movements haven't historically been very sensitive to overall market volatility. … What this means for you: The Canaccord Genuity Group doesn't usually show much sensitivity to the broader market.

Simply Wall St -

Is Now The Time To Look At Buying Canaccord Genuity Group Inc. (TSE:CF)?

The stock’s ratio of 9.91x is currently trading slightly below its industry peers’ ratio of 10.97x, which means if you buy Canaccord Genuity Group today, you’d be paying a reasonable price for it. … And if you believe Canaccord Genuity Group should be trading in this range, then there isn’t much room for the share price grow beyond where it’s currently trading. … Furthermore, Canaccord Genuity Group’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta.

Simply Wall St -

If You Like EPS Growth Then Check Out Canaccord Genuity Group (TSE:CF) Before It's Too Late

See our latest analysis for Canaccord Genuity Group How Fast Is Canaccord Genuity Group Growing Its Earnings Per Share? … Canaccord Genuity Group maintained stable EBIT margins over the last year, all while growing revenue 16% to CA$1.2b. … The good news, alongside the insider buying, for Canaccord Genuity Group bulls is that insiders (collectively) have a meaningful investment in the stock.

Simply Wall St -

Here's What We Think About Canaccord Genuity Group Inc.'s (TSE:CF) CEO Pay

First, this article will compare CEO compensation with compensation at similar sized companies. … Check out our latest analysis for Canaccord Genuity Group How Does Dan Daviau's Compensation Compare With Similar Sized Companies? … We compared total CEO remuneration at Canaccord Genuity Group Inc.

Simply Wall St -

Does Canaccord Genuity Group Inc.'s (TSE:CF) CEO Pay Compare Well With Peers?

Check out our latest analysis for Canaccord Genuity Group How Does Dan Daviau's Compensation Compare With Similar Sized Companies? … With a total shareholder return of 33% over three years, Canaccord Genuity Group Inc. … We compared the total CEO remuneration paid by Canaccord Genuity Group Inc., and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Is Canaccord Genuity Group Inc. (TSE:CF) A Smart Choice For Dividend Investors?

Dividend paying stocks like Canaccord Genuity Group Inc. … While Canaccord Genuity Group's 3.0% dividend yield is not the highest, we think its lengthy payment history is quite interesting. … Dividend Growth Potential With a relatively unstable dividend, it's even more important to evaluate if earnings per share (EPS) are growing - it's not worth taking the risk on a dividend getting cut, unless you might be rewarded with larger dividends in future. Earnings have grown at around 5.4% a year for the past five years, which is better than seeing them shrink! A low payout ratio and strong historical earnings growth suggests Canaccord Genuity Group has been effectively reinvesting in its business. We think this generally bodes well for its dividend prospects. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Does The Canaccord Genuity Group Inc. (TSE:CF) Share Price Tend To Follow The Market?

(TSE:CF), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility).

Simply Wall St -

Read This Before Selling Canaccord Genuity Group Inc. (TSE:CF) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Canaccord Genuity Group Inc. … Canaccord Genuity Group Insider Transactions Over The Last Year. … As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

Simply Wall St -

Do Insiders Own Lots Of Shares In Canaccord Genuity Group Inc. (TSE:CF)?

If you want to know who really controls Canaccord Genuity Group Inc. … Canaccord Genuity Group is a smaller company with a market capitalization of CA$568m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Canaccord Genuity Group

Simply Wall St -

CF Company Info

Description

Canaccord Genuity Group Inc., a full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government 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, and trading services. The Canaccord Genuity Wealth Management segment provides brokerage services and investment advice to retail or institutional clients. The company has operations in Canada, the United Kingdom, Europe, Dubai, Australia, the United States, and internationally. The company was founded in 1950 and is headquartered in Vancouver, Canada.

Details
Name: Canaccord Genuity Group Inc.
CF
Exchange: TSX
Founded: 1950
CA$378,860,747
94,243,967
Website: http://www.canaccordgenuity.com
Address: Canaccord Genuity Group Inc.
609 Granville Street,
Suite 2200,
Vancouver,
British Columbia, V7Y 1H2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CF Common Shares The Toronto Stock Exchange CA CAD 30. Jun 2004
OTCPK CCOR.F Common Shares Pink Sheets LLC US USD 30. Jun 2004
DB C6U Common Shares Deutsche Boerse AG DE EUR 30. Jun 2004
LSE 0RLV Common Shares London Stock Exchange GB EUR 30. Jun 2004
TSX CF.PRC CUM5YR 1ST PFD-C The Toronto Stock Exchange CA CAD 10. Apr 2012
TSX CF.PRA CUM5YR 1ST PFD A The Toronto Stock Exchange CA CAD 23. Jun 2011
Number of employees
Current staff
Staff numbers
2,316
Canaccord Genuity Group employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 01:18
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/02/27
Last earnings filing: 2020/02/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.