Codan Past Earnings Performance

Past criteria checks 2/6

Codan has been growing earnings at an average annual rate of 10.4%, while the Electronic industry saw earnings growing at 32.3% annually. Revenues have been growing at an average rate of 13% per year. Codan's return on equity is 18%, and it has net margins of 14.7%.

Key information

10.4%

Earnings growth rate

10.2%

EPS growth rate

Electronic Industry Growth	16.1%
Revenue growth rate	13.0%
Return on equity	18.0%
Net Margin	14.7%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Codan makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

CHIA:CDA Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
31 Dec 23	511	75	141	33
30 Sep 23	484	71	134	32
30 Jun 23	456	68	127	31
31 Mar 23	459	75	121	31
31 Dec 22	461	82	116	31
30 Sep 22	484	91	115	32
30 Jun 22	506	101	115	33
31 Mar 22	503	100	109	33
31 Dec 21	499	99	102	33
30 Sep 21	468	95	89	30
30 Jun 21	437	90	77	26
31 Mar 21	404	83	72	26
31 Dec 20	372	75	67	25
30 Sep 20	360	69	70	25
30 Jun 20	348	64	73	26
31 Mar 20	331	59	72	26
31 Dec 19	313	54	70	27
30 Sep 19	292	50	68	26
30 Jun 19	271	46	65	25
31 Mar 19	267	47	65	24
31 Dec 18	264	48	64	23
30 Sep 18	247	45	61	22
30 Jun 18	230	42	57	20
31 Mar 18	223	39	57	19
31 Dec 17	217	37	57	17
30 Sep 17	222	40	57	17
30 Jun 17	226	44	57	17
31 Mar 17	217	38	57	16
31 Dec 16	208	32	58	16
30 Sep 16	189	24	56	15
30 Jun 16	170	15	54	14
31 Mar 16	155	14	52	13
31 Dec 15	141	13	50	12
30 Sep 15	142	13	50	12
30 Jun 15	144	13	50	11
31 Mar 15	142	11	48	10
31 Dec 14	139	10	46	9
30 Sep 14	136	10	45	9
30 Jun 14	132	9	44	9
31 Mar 14	150	17	47	11
31 Dec 13	167	24	51	13
30 Sep 13	200	35	56	14
30 Jun 13	234	46	61	16

Quality Earnings: CDA has high quality earnings.

Growing Profit Margin: CDA's current net profit margins (14.7%) are lower than last year (17.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CDA's earnings have grown by 10.4% per year over the past 5 years.

Accelerating Growth: CDA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CDA had negative earnings growth (-8.3%) over the past year, making it difficult to compare to the Electronic industry average (-9.2%).

Return on Equity

High ROE: CDA's Return on Equity (18%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Codan Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

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

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

Full year 2023 earnings released

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

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

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

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

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Revenue & Expenses Breakdown
Beta