We’ve recently updated our valuation analysis.

Codan Valuation

Is CDA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CDA?

Other financial metrics that can be useful for relative valuation.

CDA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA5.4x
PEG Ratio-1.3x

Price to Earnings Ratio vs Peers

How does CDA's PE Ratio compare to its peers?

The above table shows the PE ratio for CDA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average59.8x
SPZ Smart Parking
93.1x43.5%AU$89.3m
DDR Dicker Data
25.6x13.5%AU$1.9b
DTI DTI Group
84.2xn/aAU$7.2m
300853 Hangzhou Shenhao TechnologyLTD
36.4xn/aCN¥3.5b
CDA Codan
7x-5.3%AU$710.2m

Price-To-Earnings vs Peers: CDA is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (59.8x).


Price to Earnings Ratio vs Industry

How does CDA's PE Ratio compare vs other companies in the Global Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a31.3%
n/an/an/a

Price-To-Earnings vs Industry: CDA is good value based on its Price-To-Earnings Ratio (7x) compared to the Global Electronic industry average (17.3x)


Price to Earnings Ratio vs Fair Ratio

What is CDA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CDA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: CDA is good value based on its Price-To-Earnings Ratio (7x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).


Share Price vs Fair Value

What is the Fair Price of CDA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CDA (A$3.92) is trading below our estimate of fair value (A$5.33)

Significantly Below Fair Value: CDA is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CDA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$3.92
AU$6.03
+53.7%
52.7%AU$13.06AU$4.10n/a6
Nov ’23AU$4.03
AU$6.03
+49.5%
52.7%AU$13.06AU$4.10n/a6
Oct ’23AU$5.67
AU$10.28
+81.2%
13.3%AU$13.06AU$8.50n/a6
Sep ’23AU$6.92
AU$10.28
+48.5%
13.3%AU$13.06AU$8.50n/a6
Aug ’23AU$8.70
AU$10.42
+19.8%
9.9%AU$11.60AU$8.50n/a5
Jul ’23AU$7.02
AU$10.42
+48.4%
9.9%AU$11.60AU$8.50n/a5
Jun ’23AU$7.89
AU$10.42
+32.1%
9.9%AU$11.60AU$8.50n/a5
May ’23AU$7.20
AU$12.06
+67.4%
10.3%AU$13.70AU$10.00n/a5
Apr ’23AU$7.11
AU$12.06
+69.6%
10.3%AU$13.70AU$10.00n/a5
Mar ’23AU$7.56
AU$12.06
+59.5%
10.3%AU$13.70AU$10.00n/a5
Feb ’23AU$9.39
AU$14.29
+52.1%
12.7%AU$16.50AU$12.10n/a5
Jan ’23AU$9.33
AU$15.40
+65.1%
8.4%AU$16.50AU$13.00n/a5
Dec ’22AU$9.76
AU$15.40
+57.8%
8.4%AU$16.50AU$13.00AU$4.055
Nov ’22AU$10.43
AU$15.40
+47.7%
8.4%AU$16.50AU$13.00AU$4.035
Oct ’22AU$12.45
AU$18.04
+44.9%
3.7%AU$19.00AU$17.12AU$5.675
Sep ’22AU$14.93
AU$18.04
+20.9%
3.7%AU$19.00AU$17.12AU$6.925
Aug ’22AU$16.86
AU$17.48
+3.7%
7.9%AU$20.00AU$15.81AU$8.705
Jul ’22AU$17.70
AU$17.48
-1.2%
7.9%AU$20.00AU$15.81AU$7.025
Jun ’22AU$18.52
AU$16.85
-9.0%
3.7%AU$17.50AU$15.81AU$7.894
May ’22AU$17.87
AU$16.85
-5.7%
3.7%AU$17.50AU$15.81AU$7.204
Apr ’22AU$15.87
AU$15.98
+0.7%
4.2%AU$16.60AU$14.86AU$7.114
Mar ’22AU$14.90
AU$15.98
+7.2%
4.2%AU$16.60AU$14.86AU$7.564
Feb ’22AU$12.00
AU$12.13
+1.1%
5.3%AU$13.00AU$11.20AU$9.394
Jan ’22AU$11.18
AU$12.13
+8.5%
5.3%AU$13.00AU$11.20AU$9.334
Dec ’21AU$10.58
AU$10.86
+2.6%
4.6%AU$11.48AU$10.25AU$9.764

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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