Codan Limited Logo

Codan Limited

CDA.AX

(2.5)
Stock Price

15,62 AUD

17.54% ROA

18.81% ROE

35.29x PER

Market Cap.

2.875.831.200,00 AUD

22.76% DER

1.42% Yield

14.79% 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
2003 113.100.000
2004 133.012.000 14.97%
2005 125.946.000 -5.61%
2006 117.439.000 -7.24%
2007 121.973.000 3.72%
2008 110.447.000 -10.44%
2009 133.125.000 17.04%
2010 189.321.000 29.68%
2011 170.516.000 -11.03%
2012 160.732.000 -6.09%
2013 233.836.000 31.26%
2014 132.268.000 -76.79%
2015 143.863.000 8.06%
2016 169.540.000 15.15%
2017 226.095.000 25.01%
2018 229.914.000 1.66%
2019 270.811.000 15.1%
2020 348.017.000 22.18%
2020 348.017.000 0%
2021 437.049.000 20.37%
2022 506.145.000 13.65%
2023 456.468.000 -10.88%
2024 1.138.164.000 59.89%

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
2003 0
2004 6.657.000 100%
2005 7.366.000 9.63%
2006 7.490.000 1.66%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 21.777.000 100%
2014 14.413.000 -51.09%
2015 16.428.000 12.27%
2016 22.814.000 27.99%
2017 24.718.000 7.7%
2018 31.590.000 21.75%
2019 36.240.000 12.83%
2020 0 0%
2020 46.186.000 100%
2021 37.658.000 -22.65%
2022 44.886.000 16.1%
2023 46.547.000 3.57%
2024 0 0%

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
2003 0
2004 8.851.000 100%
2005 8.282.000 -6.87%
2006 8.380.000 1.17%
2007 8.426.000 0.55%
2008 9.278.000 9.18%
2009 10.955.000 15.31%
2010 14.855.000 26.25%
2011 15.601.000 4.78%
2012 15.031.000 -3.79%
2013 19.116.000 21.37%
2014 14.464.000 -32.16%
2015 15.043.000 3.85%
2016 19.457.000 22.69%
2017 21.677.000 10.24%
2018 19.295.000 -12.35%
2019 20.830.000 7.37%
2020 21.925.000 4.99%
2020 21.925.000 0%
2021 23.151.000 5.3%
2022 36.151.000 35.96%
2023 37.128.000 2.63%
2024 0 0%

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
2003 26.800.000
2004 32.633.000 17.87%
2005 30.900.000 -5.61%
2006 20.138.000 -53.44%
2007 25.201.000 20.09%
2008 23.140.000 -8.91%
2009 29.753.000 22.23%
2010 54.548.000 45.46%
2011 49.463.000 -10.28%
2012 50.130.000 1.33%
2013 80.527.000 37.75%
2014 15.260.000 -427.7%
2015 21.737.000 29.8%
2016 32.322.000 32.75%
2017 68.468.000 52.79%
2018 59.353.000 -15.36%
2019 67.039.000 11.46%
2020 89.124.000 24.78%
2020 118.288.000 24.66%
2021 159.319.000 25.75%
2022 162.646.000 2.05%
2023 120.635.000 -34.82%
2024 240.816.000 49.91%

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
2003 113.100.000
2004 63.572.000 -77.91%
2005 60.382.000 -5.28%
2006 51.344.000 -17.6%
2007 53.682.000 4.36%
2008 50.582.000 -6.13%
2009 62.967.000 19.67%
2010 98.067.000 35.79%
2011 91.341.000 -7.36%
2012 97.431.000 6.25%
2013 143.114.000 31.92%
2014 64.476.000 -121.96%
2015 78.344.000 17.7%
2016 94.931.000 17.47%
2017 136.221.000 30.31%
2018 131.705.000 -3.43%
2019 153.333.000 14.11%
2020 196.536.000 21.98%
2020 170.616.000 -15.19%
2021 216.904.000 21.34%
2022 253.061.000 14.29%
2023 218.587.000 -15.77%
2024 564.868.000 61.3%

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
2003 11.100.000
2004 16.678.000 33.45%
2005 16.204.000 -2.93%
2006 8.488.000 -90.9%
2007 11.239.000 24.48%
2008 1.009.000 -1013.88%
2009 12.006.000 91.6%
2010 14.394.000 16.59%
2011 21.792.000 33.95%
2012 23.146.000 5.85%
2013 45.417.000 49.04%
2014 9.197.000 -393.82%
2015 12.508.000 26.47%
2016 15.495.000 19.28%
2017 43.515.000 64.39%
2018 41.575.000 -4.67%
2019 45.665.000 8.96%
2020 63.795.000 28.42%
2020 63.795.000 0%
2021 90.351.000 29.39%
2022 100.736.000 10.31%
2023 67.774.000 -48.64%
2024 173.392.000 60.91%

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
2003 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 0 0%
2021 1 0%
2022 1 0%
2023 0 0%
2024 1 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
2003 -6.900.000
2004 13.947.000 149.47%
2005 -2.077.000 771.5%
2006 -141.000 -1373.05%
2007 25.540.000 100.55%
2008 11.643.000 -119.36%
2009 16.204.000 28.15%
2010 40.065.000 59.56%
2011 12.606.000 -217.82%
2012 24.446.000 48.43%
2013 16.319.000 -49.8%
2014 8.310.000 -96.38%
2015 27.179.000 69.42%
2016 43.253.000 37.16%
2017 71.516.000 39.52%
2018 44.791.000 -59.67%
2019 57.961.001 22.72%
2020 80.990.000 28.43%
2021 108.351.000 25.25%
2022 17.561.000 -517%
2023 30.513.000 42.45%
2024 36.322.000 15.99%

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
2003 0
2004 25.120.000 100%
2005 17.008.000 -47.7%
2006 7.238.000 -134.98%
2007 28.883.000 74.94%
2008 17.060.000 -69.3%
2009 25.477.000 33.04%
2010 51.893.000 50.9%
2011 26.385.000 -96.68%
2012 40.077.000 34.16%
2013 36.282.000 -10.46%
2014 11.422.000 -217.65%
2015 30.672.000 62.76%
2016 47.911.000 35.98%
2017 75.580.000 36.61%
2018 48.218.000 -56.75%
2019 62.093.000 22.35%
2020 103.984.000 40.29%
2021 131.300.000 20.8%
2022 51.721.000 -153.86%
2023 79.877.000 35.25%
2024 65.040.000 -22.81%

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
2003 6.900.000
2004 11.173.000 38.24%
2005 19.085.000 41.46%
2006 7.379.000 -158.64%
2007 3.343.000 -120.73%
2008 5.417.000 38.29%
2009 9.273.000 41.58%
2010 11.828.000 21.6%
2011 13.779.000 14.16%
2012 15.631.000 11.85%
2013 19.963.000 21.7%
2014 3.112.000 -541.48%
2015 3.493.000 10.91%
2016 4.658.000 25.01%
2017 4.064.000 -14.62%
2018 3.427.000 -18.59%
2019 4.131.999 17.06%
2020 22.994.000 82.03%
2021 22.949.000 -0.2%
2022 34.160.000 32.82%
2023 49.364.000 30.8%
2024 28.718.000 -71.89%

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
2003 47.000.000
2004 61.286.000 23.31%
2005 68.578.000 10.63%
2006 69.234.000 0.95%
2007 70.523.000 1.83%
2008 62.044.000 -13.67%
2009 63.972.000 3.01%
2010 65.046.000 1.65%
2011 71.879.000 9.51%
2012 79.409.000 9.48%
2013 124.732.000 36.34%
2014 120.291.000 -3.69%
2015 128.255.000 6.21%
2016 138.922.000 7.68%
2017 164.995.000 15.8%
2018 188.065.000 12.27%
2019 211.213.999 10.96%
2020 247.343.000 14.61%
2021 303.610.000 18.53%
2022 367.956.000 17.49%
2023 406.335.000 9.45%
2024 446.932.000 9.08%

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
2003 90.100.000
2004 95.106.000 5.26%
2005 105.730.000 10.05%
2006 104.580.000 -1.1%
2007 94.906.000 -10.19%
2008 156.813.000 39.48%
2009 162.564.000 3.54%
2010 163.238.000 0.41%
2011 147.426.000 -10.73%
2012 170.283.000 13.42%
2013 211.538.000 19.5%
2014 212.429.000 0.42%
2015 208.669.000 -1.8%
2016 212.466.000 1.79%
2017 232.675.000 8.69%
2018 254.302.000 8.5%
2019 274.317.000 7.3%
2020 351.566.000 21.97%
2021 502.845.000 30.08%
2022 590.932.000 14.91%
2023 693.301.000 14.77%
2024 768.711.000 9.81%

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
2003 43.100.000
2004 33.820.000 -27.44%
2005 37.152.000 8.97%
2006 35.346.000 -5.11%
2007 24.383.000 -44.96%
2008 94.769.000 74.27%
2009 98.592.000 3.88%
2010 98.192.000 -0.41%
2011 75.547.000 -29.97%
2012 90.874.000 16.87%
2013 86.806.000 -4.69%
2014 92.138.000 5.79%
2015 80.315.000 -14.72%
2016 73.544.000 -9.21%
2017 67.680.000 -8.66%
2018 66.236.999 -2.18%
2019 63.103.000 -4.97%
2020 104.223.000 39.45%
2021 199.235.000 47.69%
2022 222.976.000 10.65%
2023 286.966.000 22.3%
2024 321.779.000 10.82%

Codan Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
3.04
Net Income per Share
0.45
Price to Earning Ratio
35.29x
Price To Sales Ratio
5.22x
POCF Ratio
26.98
PFCF Ratio
51.66
Price to Book Ratio
6.42
EV to Sales
5.44
EV Over EBITDA
25.43
EV to Operating CashFlow
28.16
EV to FreeCashFlow
53.84
Earnings Yield
0.03
FreeCashFlow Yield
0.02
Market Cap
2,88 Bil.
Enterprise Value
3,00 Bil.
Graham Number
4.99
Graham NetNet
-0.91

Income Statement Metrics

Net Income per Share
0.45
Income Quality
1.31
ROE
0.19
Return On Assets
0.11
Return On Capital Employed
0.19
Net Income per EBT
0.78
EBT Per Ebit
0.91
Ebit per Revenue
0.21
Effective Tax Rate
0.22

Margins

Sales, General, & Administrative to Revenue
0.04
Research & Developement to Revenue
0.03
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.49
Operating Profit Margin
0.21
Pretax Profit Margin
0.19
Net Profit Margin
0.15

Dividends

Dividend Yield
0.01
Dividend Yield %
1.42
Payout Ratio
0.45
Dividend Per Share
0.23

Operating Metrics

Operating Cashflow per Share
0.59
Free CashFlow per Share
0.31
Capex to Operating CashFlow
0.48
Capex to Revenue
0.09
Capex to Depreciation
0
Return on Invested Capital
0.16
Return on Tangible Assets
0.18
Days Sales Outstanding
63.22
Days Payables Outstanding
164.1
Days of Inventory on Hand
170.07
Receivables Turnover
5.77
Payables Turnover
2.22
Inventory Turnover
2.15
Capex per Share
0.28

Balance Sheet

Cash per Share
0,11
Book Value per Share
2,46
Tangible Book Value per Share
0.79
Shareholders Equity per Share
2.47
Interest Debt per Share
0.61
Debt to Equity
0.23
Debt to Assets
0.13
Net Debt to EBITDA
1.03
Current Ratio
1.67
Tangible Asset Value
0,14 Bil.
Net Current Asset Value
-0,06 Bil.
Invested Capital
482685000
Working Capital
0,10 Bil.
Intangibles to Total Assets
0.4
Average Receivables
0,09 Bil.
Average Payables
0,12 Bil.
Average Inventory
124720000
Debt to Market Cap
0.04

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%
2024 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. Daniel Widera L.L.B.
General Counsel & Joint Company Secretary
70
3 Mr. Michael Barton B.A., BA (Acc), CA, F.C.A.
Chief Financial Officer & Company Secretary
70
4 Ms. Marjolijn Woods
Chief Human Resource Officer
70
5 Mr. Ben Harvey B.A., M.B.A.
President & Executive GM of Minelab
70
6 Mr. Scott A. French B.Sc.
President & Executive General Manager of Zetron
70
7 Mr. Daniel Hutchinson B.Com., L.L.B.
Executive General Manager of Strategy, Corporate Development & M&A
70
8 Mr. S. Paul Sangster B.S.
President & Executive GM of Tactical Communications
70
9 Mr. Alfonso Ianniello
MD, Chief Executive Officer & Director
70

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