Codan Limited's (ASX:CDA) Price Is Out Of Tune With Earnings
Jun 13
Australian (ASX) Electronic Equipment and Instruments Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies10
- 7D3.6%
- 3M9.5%
- 1Y31.4%
- YTDn/a
Over the last 7 days, the Electronic Equipment and Instruments industry has risen 2.4%, driven by gains from Codan of 3.9%. In the last 12 months, the industry was up 32%. 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 Jul 2024 | AU$2.8b | AU$677.6m | -AU$19,834,455.07 | 30.3x | -141.3x | 4.1x |
| Sun, 23 Jun 2024 | AU$2.5b | AU$677.4m | -AU$18,742,996.11 | 27.5x | -134.8x | 3.7x |
| Tue, 21 May 2024 | AU$2.5b | AU$677.3m | -AU$18,271,263.85 | 25.9x | -139.5x | 3.8x |
| Thu, 18 Apr 2024 | AU$2.6b | AU$683.8m | -AU$28,274,446.55 | 25.8x | -91.8x | 3.8x |
| Sat, 16 Mar 2024 | AU$2.6b | AU$683.5m | -AU$26,567,885.72 | 25.6x | -99.2x | 3.9x |
| Mon, 12 Feb 2024 | AU$2.1b | AU$634.8m | -AU$50,852,809.30 | 22.5x | -41.7x | 3.3x |
| Wed, 10 Jan 2024 | AU$2.2b | AU$726.9m | -AU$49,598,781.00 | 20.3x | -44.8x | 3.1x |
| Fri, 08 Dec 2023 | AU$2.3b | AU$727.1m | -AU$51,108,259.00 | 20.8x | -44.5x | 3.1x |
| Sun, 05 Nov 2023 | AU$2.2b | AU$727.1m | -AU$51,799,664.00 | 20.4x | -42.8x | 3.1x |
| Tue, 03 Oct 2023 | AU$2.5b | AU$859.2m | -AU$102,396,106.00 | 19.4x | -24.6x | 2.9x |
| Thu, 31 Aug 2023 | AU$2.7b | AU$845.5m | -AU$101,703,288.00 | 20.7x | -26.3x | 3.2x |
| Sat, 29 Jul 2023 | AU$2.6b | AU$846.2m | -AU$101,720,183.00 | 145x | -25.6x | 3.1x |
| Mon, 26 Jun 2023 | AU$2.5b | AU$845.8m | -AU$101,273,472.00 | 120.8x | -24.8x | 3x |
| Wed, 24 May 2023 | AU$2.4b | AU$848.8m | -AU$102,517,811.00 | 108.7x | -23.7x | 2.9x |
| Fri, 21 Apr 2023 | AU$2.4b | AU$839.9m | -AU$118,684,557.00 | 111.1x | -20.3x | 2.9x |
| Sun, 19 Mar 2023 | AU$2.3b | AU$840.6m | -AU$119,578,789.00 | 113.6x | -19.1x | 2.7x |
| Tue, 14 Feb 2023 | AU$2.4b | AU$890.0m | -AU$88,289,505.00 | 99.9x | -27.3x | 2.7x |
| Thu, 12 Jan 2023 | AU$2.3b | AU$890.7m | -AU$88,686,148.00 | 89.6x | -26.2x | 2.6x |
| Sat, 10 Dec 2022 | AU$2.3b | AU$893.0m | -AU$90,091,533.00 | 88.6x | -25.1x | 2.5x |
| Mon, 07 Nov 2022 | AU$2.8b | AU$892.5m | -AU$75,209,362.00 | 87x | -36.7x | 3.1x |
| Wed, 05 Oct 2022 | AU$2.7b | AU$891.8m | -AU$74,422,841.00 | 100x | -36.7x | 3.1x |
| Fri, 02 Sep 2022 | AU$3.2b | AU$884.4m | -AU$73,720,795.00 | 68.5x | -43.2x | 3.6x |
| Sun, 31 Jul 2022 | AU$3.8b | AU$1.0b | -AU$48,740,266.00 | 22.5x | -78.1x | 3.7x |
| Tue, 28 Jun 2022 | AU$3.2b | AU$1.0b | -AU$48,950,007.00 | 21.4x | -66.1x | 3.2x |
| Thu, 26 May 2022 | AU$4.0b | AU$1.0b | -AU$19,306,520.00 | 19.6x | -209.5x | 4x |
| Sat, 23 Apr 2022 | AU$5.0b | AU$1.0b | -AU$18,224,135.00 | 23.5x | -273.7x | 5x |
| Mon, 21 Mar 2022 | AU$5.2b | AU$998.2m | -AU$5,670,004.00 | 24x | -916.7x | 5.2x |
| Wed, 16 Feb 2022 | AU$5.4b | AU$948.1m | AU$36.7m | 17.6x | 146x | 5.6x |
| Fri, 14 Jan 2022 | AU$7.4b | AU$946.1m | AU$37.2m | 18.3x | 199.9x | 7.9x |
| Sun, 12 Dec 2021 | AU$7.5b | AU$947.4m | AU$36.8m | 19.4x | 204.3x | 7.9x |
| Tue, 09 Nov 2021 | AU$7.4b | AU$944.4m | AU$37.6m | 20.5x | 196.7x | 7.8x |
| Thu, 07 Oct 2021 | AU$6.0b | AU$945.8m | AU$37.2m | 25x | 161.3x | 6.4x |
| Sat, 04 Sep 2021 | AU$6.1b | AU$942.0m | AU$38.1m | 29.9x | 158.9x | 6.4x |
| Mon, 02 Aug 2021 | AU$5.2b | AU$860.4m | AU$29.8m | 24.7x | 176x | 6.1x |
Price to Earnings Ratio
176x
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 4.1x.
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 7.7% per year, which is driving profits down.
Industry Comparison
How does Australian Electronic Equipment and Instruments compare with similar industries?
| AU Market | -2.20% | |
| Tech | -1.52% | |
| Electronic Equipment and Components | 0.96% | |
| Electronic Equipment and Instruments | 3.62% | |
| Electronic Components | 15.75% | |
| Electronic Manufacturing Services | 1.59% | |
| Technology Distributors | -3.94% | |
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$12.60 | 4.7% +AU$101.5m | 69.1% | PE30.5x | |
| NVX NOVONIX | AU$0.73 | 5.0% +AU$17.2m | -22.3% | PS29.3x | |
| DTI DTI Group | AU$0.01 | 11.1% +AU$447.0k | n/a | PS0.4x | |
| HYD Hydrix | AU$0.014 | 7.7% +AU$254.2k | -48.1% | PS0.3x |
