Codan Limited Logo

Codan Limited

CDA.AX

(2.5)
Stock Price

15,58 AUD

16.16% ROA

18.16% ROE

22.68x PER

Market Cap.

1.533.933.360,00 AUD

30.86% DER

2.19% Yield

14.67% NPM

Codan Limited Stock Analysis

Codan Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Codan Limited Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (30%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 ROA

The stock's ability to make a lot of money from its assets shows that it is very profitable, making it a good choice for people who want to invest and make a lot of money.

3 DER

The stock has a minimal amount of debt (22%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

4 Dividend

Investors can trust the company's impressive dividend track record, consistently distributing dividends over the past five years, showcasing a strong commitment to rewarding shareholders.

5 Assets Growth

This company's revenue has shown remarkable growth over the past three years, making it an excellent choice for seeking a consistently prosperous investment.

6 Buffet Intrinsic Value

Warren Buffett's formula suggests that the company's stock is undervalued (43), making it an appealing investment prospect with its intrinsic value surpassing the current market price.

7 PBV

The stock's elevated P/BV ratio (4.05x) raises concerns about its overvaluation, making it an imprudent choice for investors seeking value.

8 Revenue Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

9 Net Profit Growth

This company's net profit has remained stagnant over the past five years, indicating a lack of growth and making it a less favorable investment option.

10 Graham Number

The Graham number calculation reveals that this company's stock price is potentially inflated, implying that it may not be a desirable investment option.

11 Dividend Growth

The company's dividend growth has remained flat for the past three years, offering no indication of improved returns and making it a less advantageous investment opportunity.

Codan Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Codan Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Sell
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Codan Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Codan Limited Revenue
Year Revenue Growth
2002 113.100.000
2003 133.012.000 14.97%
2004 125.946.000 -5.61%
2005 117.439.000 -7.24%
2006 121.973.000 3.72%
2007 110.447.000 -10.44%
2008 133.125.000 17.04%
2009 189.321.000 29.68%
2010 170.516.000 -11.03%
2011 160.732.000 -6.09%
2012 233.836.000 31.26%
2013 132.268.000 -76.79%
2014 143.863.000 8.06%
2015 169.540.000 15.15%
2016 226.095.000 25.01%
2017 229.914.000 1.66%
2018 270.811.000 15.1%
2019 348.017.000 22.18%
2020 348.017.000 0%
2020 437.049.000 20.37%
2021 506.145.000 13.65%
2022 489.304.000 -3.44%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Codan Limited Research and Development Expenses
Year Research and Development Expenses Growth
2002 0
2003 6.657.000 100%
2004 7.366.000 9.63%
2005 7.490.000 1.66%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 1.753.000 100%
2016 0 0%
2017 0 0%
2018 36.240.000 100%
2019 46.186.000 21.53%
2020 0 0%
2020 37.658.000 100%
2021 44.886.000 16.1%
2022 61.846.000 27.42%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Codan Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2002 0
2003 8.851.000 100%
2004 8.282.000 -6.87%
2005 8.380.000 1.17%
2006 8.426.000 0.55%
2007 9.278.000 9.18%
2008 10.955.000 15.31%
2009 14.855.000 26.25%
2010 15.601.000 4.78%
2011 15.031.000 -3.79%
2012 19.116.000 21.37%
2013 14.464.000 -32.16%
2014 15.043.000 3.85%
2015 19.457.000 22.69%
2016 21.677.000 10.24%
2017 19.295.000 -12.35%
2018 20.830.000 7.37%
2019 21.925.000 4.99%
2020 21.925.000 0%
2020 23.151.000 5.3%
2021 36.151.000 35.96%
2022 41.430.000 12.74%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Codan Limited EBITDA
Year EBITDA Growth
2002 26.800.000
2003 32.633.000 17.87%
2004 30.900.000 -5.61%
2005 20.138.000 -53.44%
2006 25.201.000 20.09%
2007 23.140.000 -8.91%
2008 29.753.000 22.23%
2009 54.548.000 45.46%
2010 49.463.000 -10.28%
2011 50.130.000 1.33%
2012 80.527.000 37.75%
2013 23.705.000 -239.7%
2014 29.044.000 18.38%
2015 31.201.000 6.91%
2016 76.262.000 59.09%
2017 70.838.000 -7.66%
2018 78.988.000 10.32%
2019 117.255.000 32.64%
2020 89.124.000 -31.56%
2020 153.318.000 41.87%
2021 163.601.000 6.29%
2022 104.595.000 -56.41%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Codan Limited Gross Profit
Year Gross Profit Growth
2002 113.100.000
2003 63.572.000 -77.91%
2004 60.382.000 -5.28%
2005 51.344.000 -17.6%
2006 53.682.000 4.36%
2007 50.582.000 -6.13%
2008 62.967.000 19.67%
2009 98.067.000 35.79%
2010 91.341.000 -7.36%
2011 97.431.000 6.25%
2012 143.114.000 31.92%
2013 64.476.000 -121.96%
2014 78.344.000 17.7%
2015 94.931.000 17.47%
2016 136.221.000 30.31%
2017 131.705.000 -3.43%
2018 153.333.000 14.11%
2019 196.536.000 21.98%
2020 196.536.000 0%
2020 243.138.000 19.17%
2021 286.349.000 15.09%
2022 263.538.000 -8.66%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Codan Limited Net Profit
Year Net Profit Growth
2002 11.100.000
2003 16.678.000 33.45%
2004 16.204.000 -2.93%
2005 8.488.000 -90.9%
2006 11.239.000 24.48%
2007 1.009.000 -1013.88%
2008 12.006.000 91.6%
2009 14.394.000 16.59%
2010 21.792.000 33.95%
2011 23.146.000 5.85%
2012 45.417.000 49.04%
2013 9.197.000 -393.82%
2014 12.508.000 26.47%
2015 15.495.000 19.28%
2016 43.515.000 64.39%
2017 41.575.000 -4.67%
2018 45.665.000 8.96%
2019 63.795.000 28.42%
2020 63.795.000 0%
2020 90.351.000 29.39%
2021 100.736.000 10.31%
2022 73.716.000 -36.65%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Codan Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2002 0
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2020 1 0%
2021 1 0%
2022 0 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Codan Limited Free Cashflow
Year Free Cashflow Growth
2002 -6.900.000
2003 13.947.000 149.47%
2004 -2.077.000 771.5%
2005 -141.000 -1373.05%
2006 25.540.000 100.55%
2007 11.643.000 -119.36%
2008 16.204.000 28.15%
2009 40.065.000 59.56%
2010 12.606.000 -217.82%
2011 24.446.000 48.43%
2012 16.319.000 -49.8%
2013 -7.422.000 319.87%
2014 11.870.000 162.53%
2015 29.491.000 59.75%
2016 51.916.000 43.19%
2017 -44.922.000 215.57%
2018 56.869.000 178.99%
2019 99.759.000 42.99%
2020 126.917.000 21.4%
2021 45.133.000 -181.21%
2022 25.506.000 -76.95%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Codan Limited Operating Cashflow
Year Operating Cashflow Growth
2002 0
2003 25.120.000 100%
2004 17.008.000 -47.7%
2005 7.238.000 -134.98%
2006 28.883.000 74.94%
2007 17.060.000 -69.3%
2008 25.477.000 33.04%
2009 51.893.000 50.9%
2010 26.385.000 -96.68%
2011 40.077.000 34.16%
2012 36.282.000 -10.46%
2013 11.422.000 -217.65%
2014 30.672.000 62.76%
2015 47.911.000 35.98%
2016 75.580.000 36.61%
2017 -22.453.000 436.61%
2018 62.093.000 136.16%
2019 103.984.000 40.29%
2020 131.300.000 20.8%
2021 51.721.000 -153.86%
2022 29.973.500 -72.56%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Codan Limited Capital Expenditure
Year Capital Expenditure Growth
2002 6.900.000
2003 11.173.000 38.24%
2004 19.085.000 41.46%
2005 7.379.000 -158.64%
2006 3.343.000 -120.73%
2007 5.417.000 38.29%
2008 9.273.000 41.58%
2009 11.828.000 21.6%
2010 13.779.000 14.16%
2011 15.631.000 11.85%
2012 19.963.000 21.7%
2013 18.844.000 -5.94%
2014 18.802.000 -0.22%
2015 18.420.000 -2.07%
2016 23.664.000 22.16%
2017 22.469.000 -5.32%
2018 5.224.000 -330.11%
2019 4.225.000 -23.64%
2020 4.383.000 3.6%
2021 6.588.000 33.47%
2022 4.467.500 -47.47%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Codan Limited Equity
Year Equity Growth
2002 47.000.000
2003 61.286.000 23.31%
2004 68.578.000 10.63%
2005 69.234.000 0.95%
2006 70.523.000 1.83%
2007 62.044.000 -13.67%
2008 63.972.000 3.01%
2009 65.046.000 1.65%
2010 71.879.000 9.51%
2011 79.409.000 9.48%
2012 124.732.000 36.34%
2013 120.291.000 -3.69%
2014 128.453.000 6.35%
2015 139.012.000 7.6%
2016 165.087.000 15.79%
2017 188.065.000 12.22%
2018 211.086.000 10.91%
2019 247.383.000 14.67%
2020 303.610.000 18.52%
2021 367.956.000 17.49%
2022 406.335.000 9.45%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Codan Limited Assets
Year Assets Growth
2002 90.100.000
2003 95.106.000 5.26%
2004 105.730.000 10.05%
2005 104.580.000 -1.1%
2006 94.906.000 -10.19%
2007 156.813.000 39.48%
2008 162.564.000 3.54%
2009 163.238.000 0.41%
2010 147.426.000 -10.73%
2011 170.283.000 13.42%
2012 211.538.000 19.5%
2013 212.429.000 0.42%
2014 208.668.000 -1.8%
2015 212.466.000 1.79%
2016 232.675.000 8.69%
2017 254.302.000 8.5%
2018 274.317.000 7.3%
2019 351.566.000 21.97%
2020 503.559.000 30.18%
2021 590.932.000 14.79%
2022 693.301.000 14.77%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Codan Limited Liabilities
Year Liabilities Growth
2002 43.100.000
2003 33.820.000 -27.44%
2004 37.152.000 8.97%
2005 35.346.000 -5.11%
2006 24.383.000 -44.96%
2007 94.769.000 74.27%
2008 98.592.000 3.88%
2009 98.192.000 -0.41%
2010 75.547.000 -29.97%
2011 90.874.000 16.87%
2012 86.806.000 -4.69%
2013 92.138.000 5.79%
2014 80.314.000 -14.72%
2015 73.544.000 -9.21%
2016 67.680.000 -8.66%
2017 66.237.000 -2.18%
2018 63.103.000 -4.97%
2019 104.223.000 39.45%
2020 199.949.000 47.88%
2021 222.976.000 10.33%
2022 286.966.000 22.3%

Codan Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
2.51
Net Income per Share
0.37
Price to Earning Ratio
22.68x
Price To Sales Ratio
3.36x
POCF Ratio
19.24
PFCF Ratio
24.81
Price to Book Ratio
3.78
EV to Sales
3.58
EV Over EBITDA
16.78
EV to Operating CashFlow
20.48
EV to FreeCashFlow
26.45
Earnings Yield
0.04
FreeCashFlow Yield
0.04
Market Cap
1,53 Bil.
Enterprise Value
1,64 Bil.
Graham Number
4.33
Graham NetNet
-0.82

Income Statement Metrics

Net Income per Share
0.37
Income Quality
1.18
ROE
0.18
Return On Assets
0.1
Return On Capital Employed
0.17
Net Income per EBT
0.81
EBT Per Ebit
0.9
Ebit per Revenue
0.2
Effective Tax Rate
0.19

Margins

Sales, General, & Administrative to Revenue
0.08
Research & Developement to Revenue
0.1
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.48
Operating Profit Margin
0.2
Pretax Profit Margin
0.18
Net Profit Margin
0.15

Dividends

Dividend Yield
0.02
Dividend Yield %
2.19
Payout Ratio
0.64
Dividend Per Share
0.19

Operating Metrics

Operating Cashflow per Share
0.44
Free CashFlow per Share
0.34
Capex to Operating CashFlow
-0.23
Capex to Revenue
-0.04
Capex to Depreciation
-1.44
Return on Invested Capital
0.13
Return on Tangible Assets
0.16
Days Sales Outstanding
56.79
Days Payables Outstanding
82.71
Days of Inventory on Hand
214.04
Receivables Turnover
6.43
Payables Turnover
4.41
Inventory Turnover
1.71
Capex per Share
-0.1

Balance Sheet

Cash per Share
0,13
Book Value per Share
2,24
Tangible Book Value per Share
0.73
Shareholders Equity per Share
2.24
Interest Debt per Share
0.69
Debt to Equity
0.31
Debt to Assets
0.18
Net Debt to EBITDA
1.04
Current Ratio
1.69
Tangible Asset Value
0,13 Bil.
Net Current Asset Value
-0,05 Bil.
Invested Capital
0.31
Working Capital
0,10 Bil.
Intangibles to Total Assets
0.4
Average Receivables
0,04 Bil.
Average Payables
0,05 Bil.
Average Inventory
121401000
Debt to Market Cap
0.08

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Codan Limited Dividends
Year Dividends Growth
2004 0
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

Codan Limited Profile

About Codan Limited

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. The Metal Detection segment designs, develops, manufactures, and markets metal detection equipment, such as handheld metal detecting technologies for recreational, gold mining, demining, and military markets. The company sells its products through a network of dealers, distributors, and agents in Australia, Canada, Denmark, the United Kingdom, the United States, Brazil, India, Ireland, Mexico, Singapore, the United Arab Emirates, and internationally. Codan Limited was incorporated in 1959 and is headquartered in Mawson Lakes, Australia.

CEO
Mr. Alfonso Ianniello
Employee
450
Address
Technology Park
Mawson Lakes, 5095

Codan Limited Executives & BODs

Codan Limited Executives & BODs
# Name Age
1 Ms. Kayi Li
Manager of Investor Relations
70
2 Mr. Alfonso Ianniello
MD, Chief Executive Officer & Director
70
3 Mr. Scott A. French
Executive General Manager of Zetron
70
4 Ms. Marjolijn Woods
Chief Human Resource Officer
70
5 Mr. Daniel Widera L.L.B.
Joint Company Secretary
70
6 Mr. Michael Barton B.A., BA (Acc), CA, F.C.A.
Chief Financial Officer & Company Secretary
70
7 Mr. Daniel Hutchinson
Executive General Manager of Strategy, Corporate Development & M&A
70

Codan Limited Competitors

Data#3 Limited Logo
Data#3 Limited

DTL.AX

(3.2)
Pro Medicus Limited Logo
Pro Medicus Limited

PME.AX

(4.0)
Technology One Limited Logo
Technology One Limited

TNE.AX

(3.2)
Breville Group Limited Logo
Breville Group Limited

BRG.AX

(3.2)