There Are Reasons To Feel Uneasy About Codan's (ASX:CDA) Returns On Capital
Jan 31
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Australian (ASX) Electronic Equipment and Components Industry Analysis
UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies14
- 7D-3.6%
- 3M6.5%
- 1Y79.5%
- YTD20.6%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 3.6%, driven by a pullback from Codan of 3.5%. On the other hand Rubicon Water is actually up 11%. This takes the industry's 12 month performance to a gain of 80%. Earnings are forecast to grow by 22% annually.
Industry Valuation and Performance
Has the Australian Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 01 Feb 2026 | AU$10.7b | AU$3.4b | AU$58.7m | 66.8x | 181.5x | 3.1x |
| Tue, 30 Dec 2025 | AU$8.8b | AU$3.4b | AU$54.7m | 51x | 160.8x | 2.6x |
| Thu, 27 Nov 2025 | AU$8.9b | AU$3.4b | AU$51.5m | 54.2x | 172.6x | 2.6x |
| Sat, 25 Oct 2025 | AU$10.0b | AU$3.4b | AU$51.6m | 63x | 193.6x | 2.9x |
| Mon, 22 Sep 2025 | AU$8.5b | AU$3.4b | AU$53.2m | 52.7x | 160.3x | 2.5x |
| Wed, 20 Aug 2025 | AU$7.5b | AU$3.2b | AU$10.5m | 20.3x | 714.2x | 2.4x |
| Fri, 18 Jul 2025 | AU$6.6b | AU$3.2b | AU$19.7m | 29.9x | 333.7x | 2.1x |
| Sun, 15 Jun 2025 | AU$6.3b | AU$3.2b | AU$20.2m | 29.1x | 310.9x | 2x |
| Tue, 13 May 2025 | AU$5.8b | AU$3.2b | AU$18.0m | 26.7x | 319.2x | 1.8x |
| Thu, 10 Apr 2025 | AU$4.8b | AU$3.2b | AU$10.5m | 22.8x | 460x | 1.5x |
| Sat, 08 Mar 2025 | AU$5.6b | AU$3.2b | AU$16.0m | 25.6x | 347.8x | 1.7x |
| Mon, 03 Feb 2025 | AU$5.8b | AU$3.1b | AU$55.0m | 27.6x | 104.7x | 1.8x |
| Wed, 01 Jan 2025 | AU$5.8b | AU$3.1b | AU$55.0m | 27.5x | 105x | 1.8x |
| Fri, 29 Nov 2024 | AU$5.8b | AU$3.1b | AU$52.9m | 27x | 108.7x | 1.8x |
| Sun, 27 Oct 2024 | AU$5.8b | AU$3.1b | AU$54.2m | 26.9x | 107x | 1.8x |
| Tue, 24 Sep 2024 | AU$5.8b | AU$3.1b | AU$56.6m | 27.5x | 102x | 1.8x |
| Thu, 22 Aug 2024 | AU$5.7b | AU$3.1b | AU$61.3m | 27.1x | 92.7x | 1.8x |
| Sat, 20 Jul 2024 | AU$5.9b | AU$3.1b | AU$66.8m | 25.7x | 88.9x | 1.9x |
| Mon, 17 Jun 2024 | AU$5.8b | AU$3.1b | AU$65.9m | 24.4x | 87.9x | 1.9x |
| Wed, 15 May 2024 | AU$6.0b | AU$3.1b | AU$65.8m | 24.6x | 91.3x | 1.9x |
| Fri, 12 Apr 2024 | AU$6.5b | AU$3.1b | AU$57.7m | 25.1x | 112x | 2.1x |
| Sun, 10 Mar 2024 | AU$6.6b | AU$4.0b | AU$53.0m | 25.7x | 123.8x | 1.6x |
| Tue, 06 Feb 2024 | AU$5.4b | AU$3.9b | AU$32.7m | 24.3x | 164.1x | 1.4x |
| Thu, 04 Jan 2024 | AU$5.7b | AU$4.1b | AU$26.6m | 22x | 213.1x | 1.4x |
| Sat, 02 Dec 2023 | AU$5.7b | AU$4.1b | AU$25.3m | 23.8x | 224.6x | 1.4x |
| Mon, 30 Oct 2023 | AU$5.4b | AU$4.2b | -AU$27,888,728.00 | 21.3x | -192.9x | 1.3x |
| Wed, 27 Sep 2023 | AU$5.4b | AU$4.2b | -AU$26,287,073.00 | 21.5x | -206.7x | 1.3x |
| Fri, 25 Aug 2023 | AU$5.4b | AU$4.2b | -AU$26,499,192.00 | 19.9x | -202.5x | 1.3x |
| Sun, 23 Jul 2023 | AU$4.8b | AU$4.2b | -AU$39,333,308.00 | 19.3x | -121x | 1.1x |
| Tue, 20 Jun 2023 | AU$5.0b | AU$4.2b | -AU$36,954,427.00 | 20x | -134.4x | 1.2x |
| Thu, 18 May 2023 | AU$4.9b | AU$4.2b | -AU$67,765,278.00 | 21.3x | -72.2x | 1.2x |
| Sat, 15 Apr 2023 | AU$4.7b | AU$4.2b | -AU$64,647,833.00 | 20.4x | -72.6x | 1.1x |
| Mon, 13 Mar 2023 | AU$4.7b | AU$4.2b | -AU$61,474,593.00 | 21x | -75.8x | 1.1x |
| Wed, 08 Feb 2023 | AU$5.2b | AU$4.0b | -AU$29,958,166.00 | 61.4x | -172.5x | 1.3x |
Price to Earnings Ratio
-172.5x
Current Industry PE
- Investors are optimistic on the Australian Electronic industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 181x which is higher than its 3-year average PE of 106x.
- The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- Total earnings for the Electronic industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 4.6% 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 industry?
| AU Market | -0.40% | |
| Tech | -6.46% | |
| Electronic Equipment and Components | -3.62% | |
| Technology Distributors | -2.22% | |
| Electronic Equipment and Instruments | -3.76% | |
| Electronic Manufacturing Services | -5.65% | |
| Electronic Components | -10.23% | |
Industry PE
- Investors are most optimistic about the Technology Distributors industry, which is trading close to its 3-year average PE ratio of 22.1x.
- Analysts are expecting annual earnings growth of 8.4%, which is higher than its past year's earnings decline of 17.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Instruments industry, expecting annual earnings growth of 25% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 8.4% 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 | |
|---|---|---|---|---|---|
| RWL Rubicon Water | AU$0.20 | 10.8% +AU$4.8m | -42.3% | PS0.7x | |
| SMN Structural Monitoring Systems | AU$0.41 | 5.1% +AU$3.1m | -15.3% | PE370.4x | |
| CT1 Constellation Technologies | AU$0.003 | 50.0% +AU$1.5m | 100.0% | PE464.7x | |
| DTZ Dotz Nano | AU$0.04 | 5.3% +AU$1.4m | -57.9% | PS85.1x | |
| X2M X2M Connect | AU$0.01 | 11.1% +AU$1.0m | -54.5% | PS1.6x |
