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CODA

Coda Octopus Group NasdaqCM:CODA Stock Report

Last Price

US$4.97

Market Cap

US$54.0m

7D

0.4%

1Y

-44.5%

Updated

14 Aug, 2022

Data

Company Financials +
CODA fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance2/6
Financial Health6/6
Dividends0/6

CODA Stock Overview

Coda Octopus Group, Inc., together with its subsidiaries, develops and sells underwater technologies and equipment for 3D imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa.

Coda Octopus Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Coda Octopus Group
Historical stock prices
Current Share PriceUS$4.97
52 Week HighUS$9.90
52 Week LowUS$4.75
Beta1.33
1 Month Change0.81%
3 Month Change-0.40%
1 Year Change-44.53%
3 Year Change-50.84%
5 Year Change8.99%
Change since IPO-52.67%

Recent News & Updates

Jun 21

Coda Octopus Stock Will Be A Buy Again, But A Bit Later

As the addressable market expands and the innovation base grows, CODA has every chance of doubling or tripling its market capitalization. In my opinion, however, the company's valuation is still too high to reflect the current market difficulties. I remain a bull internally, but I do not recommend new potential investors to open positions at current prices. In my opinion, CODA stock becomes a "buy" at around $3.5 per share.

Jun 15
This Broker Just Slashed Their Coda Octopus Group, Inc. (NASDAQ:CODA) Earnings Forecasts

This Broker Just Slashed Their Coda Octopus Group, Inc. (NASDAQ:CODA) Earnings Forecasts

The latest analyst coverage could presage a bad day for Coda Octopus Group, Inc. ( NASDAQ:CODA ), with the covering...

Shareholder Returns

CODAUS ElectronicUS Market
7D0.4%2.3%3.2%
1Y-44.5%-12.2%-10.2%

Return vs Industry: CODA underperformed the US Electronic industry which returned -12.2% over the past year.

Return vs Market: CODA underperformed the US Market which returned -10.2% over the past year.

Price Volatility

Is CODA's price volatile compared to industry and market?
CODA volatility
CODA Average Weekly Movement5.0%
Electronic Industry Average Movement7.5%
Market Average Movement7.7%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: CODA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CODA's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199495Annmarie Gaylehttps://www.codaoctopusgroup.com

Coda Octopus Group, Inc., together with its subsidiaries, develops and sells underwater technologies and equipment for 3D imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa. The company operates through two segments, Marine Engineering Business and Marine Technology Business. It sells technology solutions to the subsea and underwater markets.

Coda Octopus Group Fundamentals Summary

How do Coda Octopus Group's earnings and revenue compare to its market cap?
CODA fundamental statistics
Market CapUS$53.97m
Earnings (TTM)US$3.44m
Revenue (TTM)US$21.73m

15.7x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CODA income statement (TTM)
RevenueUS$21.73m
Cost of RevenueUS$6.83m
Gross ProfitUS$14.90m
Other ExpensesUS$11.46m
EarningsUS$3.44m

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.32
Gross Margin68.55%
Net Profit Margin15.83%
Debt/Equity Ratio0.0%

How did CODA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CODA 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 CODA?

Other financial metrics that can be useful for relative valuation.

CODA 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/EBITDA7.1x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

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

CODA PE Ratio vs Peers
The above table shows the PE ratio for CODA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average33.8x
RSKI.A George Risk Industries
8.6xn/aUS$56.8m
CRAW.A Crawford United
21.5x59.8%US$75.1m
AATC Autoscope Technologies
53.2xn/aUS$26.8m
SOTK Sono-Tek
51.9xn/aUS$82.1m
CODA Coda Octopus Group
15.7x42.1%US$54.0m

Price-To-Earnings vs Peers: CODA is good value based on its Price-To-Earnings Ratio (15.7x) compared to the peer average (33.8x).


Price to Earnings Ratio vs Industry

How does CODA's PE Ratio compare vs other companies in the US Electronic Industry?

Price-To-Earnings vs Industry: CODA is good value based on its Price-To-Earnings Ratio (15.7x) compared to the US Electronic industry average (15.8x)


Price to Earnings Ratio vs Fair Ratio

What is CODA'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.

CODA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.7x
Fair PE Ratio25.2x

Price-To-Earnings vs Fair Ratio: CODA is good value based on its Price-To-Earnings Ratio (15.7x) compared to the estimated Fair Price-To-Earnings Ratio (25.2x).


Share Price vs Fair Value

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

Below Fair Value: CODA ($4.97) is trading below our estimate of fair value ($23.57)

Significantly Below Fair Value: CODA 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?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Coda Octopus Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


42.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CODA's forecast earnings growth (42.1% per year) is above the savings rate (1.9%).

Earnings vs Market: CODA's earnings (42.1% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: CODA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CODA's revenue (24.6% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: CODA's revenue (24.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CODA's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Coda Octopus Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CODA has high quality earnings.

Growing Profit Margin: CODA's current net profit margins (15.8%) are lower than last year (27.3%).


Past Earnings Growth Analysis

Earnings Trend: CODA's earnings have grown by 2.5% per year over the past 5 years.

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

Earnings vs Industry: CODA had negative earnings growth (-38.6%) over the past year, making it difficult to compare to the Electronic industry average (26.1%).


Return on Equity

High ROE: CODA's Return on Equity (8.3%) is considered low.


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Financial Health

How is Coda Octopus Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CODA's short term assets ($34.5M) exceed its short term liabilities ($3.2M).

Long Term Liabilities: CODA's short term assets ($34.5M) exceed its long term liabilities ($137.9K).


Debt to Equity History and Analysis

Debt Level: CODA is debt free.

Reducing Debt: CODA has no debt compared to 5 years ago when its debt to equity ratio was 65.7%.

Debt Coverage: CODA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CODA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Coda Octopus Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CODA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CODA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CODA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CODA's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CODA has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

Annmarie Gayle (55 yo)

10.92yrs

Tenure

US$405,000

Compensation

Ms. Annmarie Gayle, LL B, LLM, has been the Chief Executive Officer of Coda Octopus Group, Inc. since September 2011 and as its Chairman of the Board since March 2017. Ms. Gayle is also Chief Executive Off...


CEO Compensation Analysis

Compensation vs Market: Annmarie's total compensation ($USD405.00K) is below average for companies of similar size in the US market ($USD759.99K).

Compensation vs Earnings: Annmarie's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CODA's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: CODA's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Coda Octopus Group, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Coda Octopus Group, Inc.
  • Ticker: CODA
  • Exchange: NasdaqCM
  • Founded: 1994
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: US$53.966m
  • Shares outstanding: 10.86m
  • Website: https://www.codaoctopusgroup.com

Number of Employees


Location

  • Coda Octopus Group, Inc.
  • 3300 South Hiawassee Road
  • Suite 104-105
  • Orlando
  • Florida
  • 32835-6350
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/04/30
Annual Earnings2021/10/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.