Codan (CHIA: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 20.2% below our estimate of its fair value

Earnings are forecast to grow 15.87% 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$1.6b

Appotronics

SHSE:688007

CN¥8.3b

Suzhou HYC TechnologyLtd

SHSE:688001

CN¥9.2b

Price History & Performance

Summary of all time highs, changes and price drops for Codan
Historical stock prices
Current Share Price	AU$10.82
52 Week High	AU$11.09
52 Week Low	AU$6.10
Beta	1.02
1 Month Change	2.85%
3 Month Change	32.11%
1 Year Change	68.80%
3 Year Change	-39.96%
5 Year Change	239.18%
Change since IPO	1,527.07%

Recent updates

Shareholder Returns

	CDA	AU Electronic	AU Market
7D	0.4%	-2.5%	-2.8%
1Y	68.8%	41.5%	4.0%

Return vs Industry: CDA exceeded the Australian Electronic industry which returned 42.9% 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	9.9%
Market Average Movement	9.0%
10% most volatile stocks in AU Market	17.4%
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$1.96b
Earnings (TTM)	AU$74.90m
Revenue (TTM)	AU$510.57m

25.4x

P/E Ratio

3.7x

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

1.9%

Current Dividend Yield

48%

Payout Ratio

CDA Stock Overview

Rewards

Risk Analysis

Codan Limited Competitors

ASX:DDR

AU$1.9b

ASX:AD8

AU$1.6b

SHSE:688007

CN¥8.3b

SHSE:688001

CN¥9.2b

Price History & Performance

Recent News & Updates

Now 20% undervalued

Now 20% undervalued

First half dividend of AU$0.10 announced

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

Investor sentiment improves as stock rises 16%

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

Recent updates

Now 20% undervalued

Now 20% undervalued

First half dividend of AU$0.10 announced

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

Investor sentiment improves as stock rises 16%

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

Now 21% undervalued

Codan Limited, Annual General Meeting, Oct 25, 2023

Full year 2023 earnings released

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

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.

Less than half of directors are independent

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

First half 2023 earnings released: EPS: AU$0.17 (vs AU$0.28 in 1H 2022)

Codan Limited Announces Management Changes

Codan Limited Announces Management Changes

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

Investor sentiment improves as stock rises 19%

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

Insider recently bought AU$11m worth of stock

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

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

Codan Limited Announces Peter Leahy Intents to Retire as Director

Investor sentiment deteriorated over the past week

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

Full year 2022 earnings released: EPS: AU$0.56 (vs AU$0.50 in FY 2021)

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

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

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

Investor sentiment improved over the past week

MD, CEO & Director recently bought AU$182k worth of stock

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Codan Limited Announces Ordinary Fully Paid Dividend for Six Months Ended December 31, 2021, Payable on March 10, 2022

Codan Limited Provides Earnings Guidance for the First Half of 2022

Independent Non-Executive Director recently bought AU$50k worth of stock

Independent Chairman recently bought AU$80k worth of stock

Investor sentiment deteriorated over the past week

Full year 2021 earnings released: EPS AU$0.50 (vs AU$0.35 in FY 2020)

Caterpillar Holdings Australia Pty. Ltd. competed the acquisition of Minetec Pty. Ltd. from Codan Limited (ASX:CDA).

MD, CEO & Executive Director recently sold AU$2.5m worth of stock

Caterpillar Holdings Australia Pty. Ltd. agreed to acquire Minetec Pty. Ltd. from Codan Limited (ASX:CDA) for approximately $14 million.

Codan Limited (ASX:CDA) completed the acquisition of Domo Tactical Communications, Inc from Marlin Equity Partners, LLC.

First half 2021 earnings released: EPS AU$0.23 (vs AU$0.17 in 1H 2020)

Revenue beats expectations

New 90-day high: AU$13.48

Codan Limited (ASX:CDA) entered into an agreement to acquire Domo Tactical Communications, Inc from a Private Equity company for approximately $100 million.

Codan Limited, Annual General Meeting, Oct 27, 2021

Investor sentiment improved over the past week

New 90-day low: AU$9.92

New 90-day low: AU$10.00

New 90-day high: AU$11.88

Earnings released

New 90-day high - AU$8.96

Shareholder Returns