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.

CDA fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 2.7% below our estimate of its fair value

Earnings have grown 22.2% per year over the past 5 years

Risk Analysis

Earnings are forecast to decline by an average of 5.3% per year for the next 3 years

High level of non-cash earnings

Dividend of 6.33% is not well covered

My Notes

New

Notes are coming soon

Codan Limited Competitors

Smart Parking

ASX:SPZ

AU$88.9m

Dicker Data

ASX:DDR

AU$2.0b

DTI Group

ASX:DTI

AU$7.2m

AnHui Wanyi Science and Technology

SHSE:688600

CN¥3.7b

Price History & Performance

Summary of all time highs, changes and price drops for Codan
Historical stock prices
Current Share Price	AU$4.39
52 Week High	AU$10.04
52 Week Low	AU$3.64
Beta	0.79
1 Month Change	11.70%
3 Month Change	-10.59%
1 Year Change	-47.61%
3 Year Change	-44.08%
5 Year Change	92.54%
Change since IPO	560.15%

Recent updates

Shareholder Returns

	CDA	AU Electronic	AU Market
7D	3.5%	0.5%	1.5%
1Y	-47.6%	-50.1%	-0.3%

Return vs Industry: CDA exceeded the Australian Electronic industry which returned -50.1% over the past year.

Return vs Market: CDA underperformed the Australian Market which returned -0.3% over the past year.

Price Volatility

Is CDA's price volatile compared to industry and market?
CDA volatility
CDA Average Weekly Movement	7.9%
Electronic Industry Average Movement	8.2%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	15.9%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: CDA is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: CDA's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1959	n/a	Alf Ianniello	https://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 MIMO MESH; 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$800.76m
Earnings (TTM)	AU$100.74m
Revenue (TTM)	AU$506.15m

7.9x

P/E Ratio

1.6x

P/S Ratio

Is CDA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CDA income statement (TTM)
Revenue	AU$506.15m
Cost of Revenue	AU$219.80m
Gross Profit	AU$286.35m
Other Expenses	AU$185.61m
Earnings	AU$100.74m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.56
Gross Margin	56.57%
Net Profit Margin	19.90%
Debt/Equity Ratio	14.1%

How did CDA perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

50%

Payout Ratio

CDA Stock Overview

Rewards

Risk Analysis

Codan Limited Competitors

ASX:SPZ

AU$88.9m

ASX:DDR

AU$2.0b

ASX:DTI

AU$7.2m

SHSE:688600

CN¥3.7b

Price History & Performance

Recent News & Updates

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

Recent updates

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

Price Volatility

About the Company

Codan Limited Fundamentals Summary

7.9x

1.6x

Earnings & Revenue

Dividends

6.3%

50%