An Intrinsic Calculation For Codan Limited (ASX:CDA) Suggests It's 32% Undervalued
Apr 24
Australian (ASX) Electronic Equipment and Instruments Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies11
- 7D0.01%
- 3M33.2%
- 1Y25.8%
- YTDn/a
Over the last 7 days, the Electronic Equipment and Instruments industry has remained flat, although notably NOVONIX declined by 7.0%. The past year has been better, since the industry has gained 27% in that time. Earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the Australian Electronic Equipment and Instruments Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | AU$2.6b | AU$683.6m | -AU$27,243,110.33 | 26.5x | -96.2x | 3.8x |
| Sun, 24 Mar 2024 | AU$2.6b | AU$683.6m | -AU$27,178,362.77 | 26x | -95.7x | 3.8x |
| Tue, 20 Feb 2024 | AU$2.2b | AU$634.8m | -AU$50,710,306.13 | 22.1x | -42.4x | 3.4x |
| Thu, 18 Jan 2024 | AU$2.2b | AU$727.1m | -AU$51,213,817.00 | 20.3x | -42.4x | 3x |
| Sat, 16 Dec 2023 | AU$2.3b | AU$726.8m | -AU$49,297,941.00 | 21.1x | -46.3x | 3.1x |
| Mon, 13 Nov 2023 | AU$2.2b | AU$727.4m | -AU$53,694,428.00 | 20.5x | -41.2x | 3x |
| Wed, 11 Oct 2023 | AU$2.5b | AU$859.0m | -AU$102,244,474.00 | 20.4x | -24.4x | 2.9x |
| Fri, 08 Sep 2023 | AU$2.5b | AU$859.6m | -AU$102,546,642.00 | 20.2x | -24.7x | 3x |
| Sun, 06 Aug 2023 | AU$2.6b | AU$848.2m | -AU$103,661,503.00 | 140.1x | -25.3x | 3.1x |
| Tue, 04 Jul 2023 | AU$2.6b | AU$846.3m | -AU$101,794,997.00 | 118.4x | -25.2x | 3x |
| Thu, 01 Jun 2023 | AU$2.4b | AU$850.0m | -AU$105,569,346.00 | 111.1x | -23.1x | 2.9x |
| Sat, 29 Apr 2023 | AU$2.5b | AU$842.8m | -AU$122,240,689.00 | 113.5x | -20.3x | 2.9x |
| Mon, 27 Mar 2023 | AU$2.2b | AU$841.6m | -AU$120,722,575.00 | 115.9x | -17.8x | 2.6x |
| Wed, 22 Feb 2023 | AU$2.4b | AU$849.1m | -AU$107,983,968.00 | 101.5x | -22.6x | 2.9x |
| Fri, 20 Jan 2023 | AU$2.4b | AU$890.8m | -AU$88,784,084.00 | 87.8x | -27.1x | 2.7x |
| Sun, 18 Dec 2022 | AU$2.3b | AU$894.3m | -AU$90,870,127.00 | 88.9x | -25.3x | 2.6x |
| Tue, 15 Nov 2022 | AU$2.8b | AU$888.1m | -AU$73,119,892.00 | 86.9x | -38.2x | 3.1x |
| Thu, 13 Oct 2022 | AU$2.6b | AU$895.3m | -AU$76,526,880.00 | 100x | -33.5x | 2.9x |
| Sat, 10 Sep 2022 | AU$3.1b | AU$887.7m | -AU$72,444,710.00 | 86.7x | -42.5x | 3.5x |
| Mon, 08 Aug 2022 | AU$3.9b | AU$1.0b | -AU$49,399,997.00 | 22.5x | -79.1x | 3.8x |
| Wed, 06 Jul 2022 | AU$3.2b | AU$1.0b | -AU$49,747,022.00 | 22.5x | -63.6x | 3.1x |
| Fri, 03 Jun 2022 | AU$4.0b | AU$1.0b | -AU$47,283,520.00 | 19.6x | -83.6x | 3.9x |
| Sun, 01 May 2022 | AU$4.8b | AU$1.0b | -AU$19,208,445.00 | 22.5x | -251x | 4.8x |
| Tue, 29 Mar 2022 | AU$4.9b | AU$997.0m | -AU$5,338,335.00 | 23.8x | -923.6x | 4.9x |
| Thu, 24 Feb 2022 | AU$5.0b | AU$1.0b | AU$43.4m | 24.7x | 114.2x | 4.9x |
| Sat, 22 Jan 2022 | AU$6.9b | AU$946.2m | AU$37.1m | 16.8x | 185.7x | 7.3x |
| Mon, 20 Dec 2021 | AU$7.1b | AU$947.6m | AU$36.8m | 18.8x | 193.5x | 7.5x |
| Wed, 17 Nov 2021 | AU$7.6b | AU$945.4m | AU$37.3m | 20.8x | 204.1x | 8.1x |
| Fri, 15 Oct 2021 | AU$6.3b | AU$944.9m | AU$37.5m | 25.6x | 168.9x | 6.7x |
| Sun, 12 Sep 2021 | AU$6.3b | AU$942.0m | AU$38.1m | 27.7x | 164x | 6.6x |
| Tue, 10 Aug 2021 | AU$5.4b | AU$860.4m | AU$29.8m | 23.8x | 180.3x | 6.2x |
| Mon, 03 May 2021 | AU$5.1b | AU$829.5m | AU$15.8m | 31.6x | 323.7x | 6.2x |
Price to Earnings Ratio
323.7x
Current Industry PE
- Investors are relatively neutral on the Australian Electronic Equipment and Instruments industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 4.3x.
Past Earnings Growth
- Total earnings for the Electronic Equipment and Instruments industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 6.2% per year, which is driving profits down.
Industry Comparison
How does Australian Electronic Equipment and Instruments compare with similar industries?
| AU Market | 0.42% | |
| Tech | 1.11% | |
| Electronic Equipment and Components | -0.54% | |
| Electronic Equipment and Instruments | 0.012% | |
| Technology Distributors | -0.58% | |
| Electronic Manufacturing Services | -1.24% | |
| Electronic Components | -3.89% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CDA Codan | AU$10.94 | 1.8% +AU$34.5m | 56.1% | PE26.5x | |
| X2M X2M Connect | AU$0.051 | 18.6% +AU$2.5m | -29.2% | PS1.1x | |
| ELS Elsight | AU$0.38 | 4.1% +AU$2.3m | 13.4% | PS24.2x | |
| CT1 Constellation Technologies | AU$0.002 | 100.0% +AU$1.5m | -50.0% | PS2.8x | |
| HTG Harvest Technology Group | AU$0.023 | 4.5% +AU$806.9k | -55.8% | PS3.1x |
