Codan (ASX:CDA) - Stock Price, News & Analysis

CDA Stock Overview

Codan Limited develops technology solutions for United Nations organizations, mining companies, security and military groups, government departments, individuals, and small-scale miners.

About the company

CDA fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	2/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 32.5% below our estimate of its fair value

Earnings are forecast to grow 15.86% per year

Risk Analysis

No risks detected for CDA from our risk checks.

Codan Limited Competitors

Dicker Data

ASX:DDR

AU$1.9b

Audinate Group

ASX:AD8

AU$1.5b

Appotronics

SHSE:688007

CN¥9.0b

Suzhou HYC TechnologyLtd

SHSE:688001

CN¥9.8b

Price History & Performance

Summary of all time highs, changes and price drops for Codan
Historical stock prices
Current Share Price	AU$10.94
52 Week High	AU$11.28
52 Week Low	AU$6.75
Beta	1.02
1 Month Change	-0.36%
3 Month Change	36.41%
1 Year Change	56.06%
3 Year Change	-39.69%
5 Year Change	233.54%
Change since IPO	710.37%

An Intrinsic Calculation For Codan Limited (ASX:CDA) Suggests It's 32% Undervalued

Apr 24

Capital Allocation Trends At Codan (ASX:CDA) Aren't Ideal

Mar 26

There's Reason For Concern Over Codan Limited's (ASX:CDA) Massive 27% Price Jump

Feb 22

Recent updates

An Intrinsic Calculation For Codan Limited (ASX:CDA) Suggests It's 32% Undervalued

Apr 24

Capital Allocation Trends At Codan (ASX:CDA) Aren't Ideal

Mar 26

There's Reason For Concern Over Codan Limited's (ASX:CDA) Massive 27% Price Jump

Feb 22

Analysts Just Made A Major Revision To Their Codan Limited (ASX:CDA) Revenue Forecasts

Feb 21

Codan (ASX:CDA) Could Easily Take On More Debt

Feb 17

Is Codan Limited (ASX:CDA) Trading At A 45% Discount?

Jan 19

Does Codan (ASX:CDA) Deserve A Spot On Your Watchlist?

Dec 20

Investors Should Be Encouraged By Codan's (ASX:CDA) Returns On Capital

Dec 06

An Intrinsic Calculation For Codan Limited (ASX:CDA) Suggests It's 33% Undervalued

Oct 05

Codan's (ASX:CDA) Upcoming Dividend Will Be Larger Than Last Year's

Aug 21

Returns On Capital Are A Standout For Codan (ASX:CDA)

Aug 13

Calculating The Fair Value Of Codan Limited (ASX:CDA)

Jul 06

Is Now The Time To Put Codan (ASX:CDA) On Your Watchlist?

Jun 03

Is Codan Limited's (ASX:CDA) 1.2% Dividend Worth Your Time?

Apr 08

A Look At The Intrinsic Value Of Codan Limited (ASX:CDA)

Mar 24

Codan (ASX:CDA) Knows How To Allocate Capital Effectively

Mar 09

Analysts Just Published A Bright New Outlook For Codan Limited's (ASX:CDA)

Feb 22

Be Sure To Check Out Codan Limited (ASX:CDA) Before It Goes Ex-Dividend

Feb 21

Shareholder Returns

	CDA	AU Electronic	AU Market
7D	1.8%	-0.5%	0.9%
1Y	56.1%	40.5%	5.7%

Return vs Industry: CDA exceeded the Australian Electronic industry which returned 40.5% over the past year.

Return vs Market: CDA exceeded the Australian Market which returned 5.7% over the past year.

Price Volatility

Is CDA's price volatile compared to industry and market?
CDA volatility
CDA Average Weekly Movement	6.1%
Electronic Industry Average Movement	9.6%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: CDA's share price has been volatile over the past 3 months.

Volatility Over Time: CDA's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1959	n/a	Alf Ianniello	www.codan.com.au

Codan Limited develops technology solutions for United Nations organizations, mining companies, security and military groups, government departments, individuals, and small-scale miners. It operates through Communications and Metal Detection segments. The Communications segment designs, develops, manufactures, and markets communication equipment that consists of DTC radio solutions for the wireless transmission of video and other data applications; and Zetron communications solutions.

Codan Limited Fundamentals Summary

How do Codan's earnings and revenue compare to its market cap?
CDA fundamental statistics
Market cap	AU$1.98b
Earnings (TTM)	AU$74.90m
Revenue (TTM)	AU$510.57m

26.5x

P/E Ratio

3.9x

P/S Ratio

Is CDA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CDA income statement (TTM)
Revenue	AU$510.57m
Cost of Revenue	AU$232.70m
Gross Profit	AU$277.87m
Other Expenses	AU$202.98m
Earnings	AU$74.90m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.41
Gross Margin	54.42%
Net Profit Margin	14.67%
Debt/Equity Ratio	25.4%

How did CDA perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

48%

Payout Ratio

CDA Stock Overview

Rewards

Risk Analysis

Codan Limited Competitors

ASX:DDR

AU$1.9b

ASX:AD8

AU$1.5b

SHSE:688007

CN¥9.0b

SHSE:688001

CN¥9.8b

Price History & Performance

Recent News & Updates

An Intrinsic Calculation For Codan Limited (ASX:CDA) Suggests It's 32% Undervalued

Now 20% undervalued

Capital Allocation Trends At Codan (ASX:CDA) Aren't Ideal

Now 21% undervalued

First half dividend of AU$0.10 announced

There's Reason For Concern Over Codan Limited's (ASX:CDA) Massive 27% Price Jump

Recent updates

An Intrinsic Calculation For Codan Limited (ASX:CDA) Suggests It's 32% Undervalued

Now 20% undervalued

Capital Allocation Trends At Codan (ASX:CDA) Aren't Ideal

Now 21% undervalued

First half dividend of AU$0.10 announced

There's Reason For Concern Over Codan Limited's (ASX:CDA) Massive 27% Price Jump

First half 2024 earnings released: EPS: AU$0.21 (vs AU$0.17 in 1H 2023)

Price target increased by 20% to AU$10.58

Investor sentiment improves as stock rises 17%

Codan Limited to Report First Half, 2024 Results on Feb 21, 2024

Now 20% undervalued

A Look At The Fair Value Of Codan Limited (ASX:CDA)

Now 21% undervalued

Codan Limited, Annual General Meeting, Oct 25, 2023

Codan's (ASX:CDA) Shareholders Will Receive A Smaller Dividend Than Last Year

Full year 2023 earnings: Revenues exceed analyst expectations

Codan Limited Announces Ordinary Fully Paid Dividend for Six Months Ended June 30, 2023, Payable on September 20, 2023

Price target increased by 11% to AU$8.28

Codan Limited to Report Fiscal Year 2023 Results on Aug 17, 2023

Codan Limited (ASX:CDA) acquired Eagle NewCo Limited from NEC Software Solutions UK Limited for AUD 22 million.

Price target increased by 14% to AU$7.32

Codan (ASX:CDA) Has A Pretty Healthy Balance Sheet

Some Investors May Be Worried About Codan's (ASX:CDA) Returns On Capital

Less than half of directors are independent

Price target increased by 11% to AU$7.17

Codan Limited Announces Ordinary Fully Paid Dividend for Six Months Ended December 31, 2022, Payable on March 10, 2023

First half 2023 earnings: EPS misses analyst expectations

Price target increased by 7.8% to AU$6.50

Codan Limited Announces Management Changes

Codan Limited Announces Management Changes

Codan Limited to Report First Half, 2023 Results on Feb 16, 2023

Codan Limited Revises Earnings Guidance for the First Half Year Ended 31 December 2022

Investor sentiment improves as stock rises 19%

Insider recently bought AU$11m worth of stock

Now 21% undervalued after recent price drop

Price target decreased to AU$6.03

Independent Non-Executive Director recently bought AU$230k worth of stock

Time To Worry? Analysts Are Downgrading Their Codan Limited (ASX:CDA) Outlook

Codan Limited Announces Peter Leahy Intents to Retire as Director

Investor sentiment deteriorated over the past week

Consensus EPS estimates fall by 11%

Price target decreased to AU$8.29

Codan (ASX:CDA) Is Aiming To Keep Up Its Impressive Returns

Investor sentiment deteriorated over the past week

Is Codan (ASX:CDA) Using Too Much Debt?

Here's Why We Think Codan (ASX:CDA) Is Well Worth Watching

Codan Limited, Annual General Meeting, Oct 26, 2022

Codan Limited Appoints Daniel Widera as Joint Company Secretary, Effective 1 September 2022

Investor sentiment deteriorated over the past week

Should You Investigate Codan Limited (ASX:CDA) At AU$7.67?

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

Codan Limited Announces Ordinary Distribution for the Period of Six Months Period Ended June 30, 2022, Payable on 7 September 2022

Peter Leahy Not Stand for Re- Election as Director of Codan

Is There An Opportunity With Codan Limited's (ASX:CDA) 50% Undervaluation?

Independent Non-Executive Director recently bought AU$108k worth of stock

Capital Investment Trends At Codan (ASX:CDA) Look Strong

These 4 Measures Indicate That Codan (ASX:CDA) Is Using Debt Safely

MD, CEO & Director recently bought AU$106k worth of stock

Investor sentiment improved over the past week