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    Canaccord Genuity Group (TSX:CF) Climbed, But What Is Behind The Latest Attention?

    Simply Wall St·08/28/2026 20:29:07
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    Canaccord Genuity Group (TSX:CF) plans to redeem all of its Cumulative 5-Year Rate Reset First Preferred Shares, Series A, on October 1, 2026, in a cash transaction totaling about CA$113.5 million.

    Set against this preferred share redemption plan, Canaccord Genuity Group’s common stock has been firming up, with a 1-day share price return of 3.13% and 7-day share price return of 5.03% at CA$14.82. Momentum has generally been positive, reflected in a 90-day share price return of 13.30%, a year to date share price return of 33.75%, and a 1-year total shareholder return of 51.25%. This points to investors reassessing both the company’s risk profile and future prospects as its capital structure evolves.

    Spot similar capital structure reset stories and potential momentum setups by scanning our hand picked 13 high quality undervalued stocks alongside Canaccord Genuity Group.

    After a 51.25% 1 year total return and a planned CA$113.5 million preferred share redemption, Canaccord Genuity Group now asks for fresh money at a different risk profile. Does that price still favour new buyers?

    Price to Sales for Canaccord Genuity Group: Is the low multiple justified?

    On simple P/S maths, Canaccord Genuity Group looks cheap. The stock last closed at CA$14.82 while trading on a P/S ratio of 0.7x, which is below both peers and the wider Canadian capital markets industry.

    The P/S ratio compares the company’s market value to its annual revenue. For a diversified investment dealer like Canaccord Genuity Group, this is a common way for investors to benchmark what the market is currently willing to pay for each dollar of sales, especially when earnings are volatile or negative.

    Here, the contrast is clear. The current 0.7x P/S ratio screens as good value relative to the Canadian Capital Markets industry average of 3.1x and also looks low next to the peer average of 3.6x. It also sits below an estimated fair P/S level of 4.9x, which is the level the market could move toward if sentiment and fundamentals lined up with that benchmark.

    To see how that gap between the current P/S and the fair ratio is calculated and what it implies for Canaccord Genuity Group, check the Explore the SWS fair ratio for Canaccord Genuity Group.

    Result: Price-to-Sales of 0.7x (UNDERVALUED)

    However, investors still face real questions around Canaccord Genuity Group’s recent net income loss of CA$104.82 million and the different risk profile following the preferred share redemption.

    Find out about the key risks to this Canaccord Genuity Group narrative.

    Next Steps

    With both risks and rewards in play for Canaccord Genuity Group, it makes sense to review the full picture yourself and act promptly. You can start by weighing the 1 key reward and 3 important warning signs.

    Looking for more investment ideas beyond Canaccord Genuity Group?

    If you stop with Canaccord Genuity Group, you could miss other stocks that better fit your goals. Take a few minutes to scan these focused ideas today.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.