Why Codan Limited (ASX:CDA) Could Be Worth Watching
Oct 02
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Australian (ASX) Tech Sector Analysis
UpdatedOct 02, 2025
DataAggregated Company Financials
Companies109
- 7D-1.1%
- 3M2.5%
- 1Y5.5%
- YTD3.2%
Over the last 7 days, the Tech industry has dropped 1.1%, driven by WiseTech Global declining 4.9%. Meanwhile, Life360 actually outperformed within the industry, gaining 5.6% in the last week. This takes the industry's 12 month performance to a gain of 5.5%. Earnings are forecast to grow by 23% annually.
Sector Valuation and Performance
Has the Australian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 03 Oct 2025 | AU$127.6b | AU$14.5b | AU$496.4m | 38x | 257x | 8.8x |
| Sun, 31 Aug 2025 | AU$129.4b | AU$14.6b | AU$474.8m | 29.6x | 272.5x | 8.9x |
| Tue, 29 Jul 2025 | AU$130.8b | AU$14.1b | AU$385.7m | 39.1x | 339.1x | 9.3x |
| Thu, 26 Jun 2025 | AU$123.3b | AU$14.0b | AU$374.4m | 40.3x | 329.3x | 8.8x |
| Sat, 24 May 2025 | AU$117.1b | AU$14.1b | AU$374.6m | 42.2x | 312.7x | 8.3x |
| Mon, 21 Apr 2025 | AU$96.7b | AU$14.0b | AU$251.1m | 37.9x | 385.1x | 6.9x |
| Wed, 19 Mar 2025 | AU$100.7b | AU$13.9b | AU$247.3m | 39x | 407.4x | 7.2x |
| Fri, 14 Feb 2025 | AU$123.9b | AU$13.7b | AU$112.4m | 54.7x | 1102x | 9.1x |
| Sun, 12 Jan 2025 | AU$121.4b | AU$13.5b | AU$55.1m | 57.3x | 2203.8x | 9x |
| Tue, 10 Dec 2024 | AU$126.5b | AU$13.5b | AU$67.6m | 64.2x | 1870.2x | 9.4x |
| Thu, 07 Nov 2024 | AU$116.6b | AU$13.2b | -AU$4,752,719.34 | 63.8x | -24523.1x | 8.8x |
| Sat, 05 Oct 2024 | AU$116.1b | AU$13.2b | AU$14.1m | 64.2x | 8205.6x | 8.8x |
| Mon, 02 Sep 2024 | AU$108.9b | AU$13.3b | AU$3.4m | 59.7x | 31569.6x | 8.2x |
| Wed, 31 Jul 2024 | AU$106.8b | AU$15.3b | -AU$333,035,040.48 | 54.3x | -320.5x | 7x |
| Fri, 28 Jun 2024 | AU$106.7b | AU$15.4b | -AU$331,344,671.97 | 49.1x | -322.1x | 6.9x |
| Sun, 26 May 2024 | AU$105.3b | AU$15.4b | -AU$349,363,078.89 | 54.2x | -301.5x | 6.8x |
| Tue, 23 Apr 2024 | AU$97.7b | AU$15.3b | -AU$648,238,246.45 | 52x | -150.7x | 6.4x |
| Thu, 21 Mar 2024 | AU$104.1b | AU$16.2b | -AU$670,032,565.92 | 54x | -155.3x | 6.4x |
| Sat, 17 Feb 2024 | AU$93.6b | AU$16.1b | -AU$1,286,247,324.33 | 43.6x | -72.7x | 5.8x |
| Mon, 15 Jan 2024 | AU$87.7b | AU$17.1b | -AU$1,595,869,066.00 | 41.2x | -55x | 5.1x |
| Wed, 13 Dec 2023 | AU$85.5b | AU$17.1b | -AU$1,603,282,025.00 | 39.9x | -53.3x | 5x |
| Fri, 10 Nov 2023 | AU$80.8b | AU$17.1b | -AU$1,671,608,016.00 | 36.7x | -48.3x | 4.7x |
| Sun, 08 Oct 2023 | AU$82.2b | AU$17.0b | -AU$1,730,340,546.00 | 41.4x | -47.5x | 4.8x |
| Tue, 05 Sep 2023 | AU$89.6b | AU$17.0b | -AU$1,726,113,546.00 | 41.9x | -51.9x | 5.3x |
| Thu, 03 Aug 2023 | AU$93.2b | AU$16.3b | -AU$1,515,161,618.00 | 33.2x | -61.5x | 5.7x |
| Sat, 01 Jul 2023 | AU$87.5b | AU$16.0b | -AU$1,547,881,821.00 | 28x | -56.5x | 5.5x |
| Mon, 29 May 2023 | AU$84.3b | AU$16.0b | -AU$1,600,225,180.00 | 27.1x | -52.7x | 5.3x |
| Wed, 26 Apr 2023 | AU$77.5b | AU$15.7b | -AU$1,549,179,095.00 | 31.3x | -50x | 4.9x |
| Fri, 24 Mar 2023 | AU$72.3b | AU$15.7b | -AU$1,529,896,676.00 | 28.7x | -47.2x | 4.6x |
| Sun, 19 Feb 2023 | AU$88.5b | AU$21.3b | -AU$787,689,524.00 | 31.7x | -112.4x | 4.2x |
| Tue, 17 Jan 2023 | AU$86.7b | AU$20.6b | -AU$941,980,658.00 | 44.7x | -92x | 4.2x |
| Thu, 15 Dec 2022 | AU$88.8b | AU$20.7b | -AU$946,733,561.00 | 51.1x | -93.7x | 4.3x |
| Sat, 12 Nov 2022 | AU$88.3b | AU$20.6b | -AU$836,815,970.00 | 49.8x | -105.5x | 4.3x |
| Mon, 10 Oct 2022 | AU$87.0b | AU$20.5b | -AU$801,036,804.00 | 43.8x | -108.6x | 4.2x |
Price to Earnings Ratio
-108.6x
Current Industry PE
- Investors are optimistic on the Australian Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 255x which is higher than its 3-year average PE of -369x.
- The 3-year average PS ratio of 6.5x is lower than the industry's current PS ratio of 8.7x.
Past Earnings Growth
- Total earnings for the Information Technology industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 11% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Australian Tech sector?
| AU Market | 0.88% | |
| Tech | -1.15% | |
| Tech Hardware | 11.11% | |
| Communications | 9.66% | |
| Semiconductors | 4.29% | |
| Electronic Equipment and Components | 1.43% | |
| Software | -1.12% | |
| IT | -2.78% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 62.0x.
- Analysts are expecting annual earnings growth of 15.1%, which is higher than its past year's earnings growth of 3.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 101% over the next 5 years.
- In contrast, the IT industry is expected to see its earnings grow by 10.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 360 Life360 | AU$53.80 | 5.6% +AU$658.9m | 179.2% | PE300.5x | |
| BVS Bravura Solutions | AU$3.35 | 31.4% +AU$358.6m | 129.5% | PE20.2x | |
| QOR Qoria | AU$0.81 | 16.4% +AU$152.9m | 106.3% | PS9.2x | |
| CDA Codan | AU$30.39 | 2.7% +AU$143.7m | 92.0% | PE53.4x | |
| NXL Nuix | AU$3.19 | 13.9% +AU$130.5m | -50.1% | PS4.8x |
