Risk factor
Very poor trading liquidity
Profitability factor
Undervalued vs peers
About
Accordant Group Limited is a New Zealand-based firm specializing in human resources solutions, offering a comprehensive suite of recruitment and personnel placement services. Its operations are structured into two principal divisions: the AWF segment, and a second segment encompassing Madison Recruitment, Absolute IT, and JacksonStone & Partners. Under the AWF brand, the group supplies a workforce primarily for temporary roles, catering to both semi-skilled and skilled labor demands across various sectors such as infrastructure, construction, transportation, logistics, manufacturing, and primary industries. Furthermore, its Madison brand focuses on placing professional and administrative personnel, serving a diverse client base including central and local government entities, as well as businesses within the healthcare, insurance, telecommunications, and banking sectors, among others. Through JacksonStone & Partners, Accordant Group delivers executive search, permanent placement, and contracting solutions tailored for organizations in the public, private, and non-profit realms. The company also manages The Work Collective, an initiative designed to assist organizations in achieving social objectives via their talent acquisition and supply chains. Previously, the company traded as AWF Madison Group Limited, adopting its current name, Accordant Group Limited, in October 2020. Established in 1988, the company maintains its headquarters in Auckland, New Zealand.
Company Valuation
From both historical and forecast perspectives, the stock is underpriced compared to similar stocks. Specifically, the stock is neutral on EV/EBITDA, underpriced on P/FC.