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CDA · ASX

Codan Limited (ASX:CDA)

AU$12.6

 0.1 (0.8%)
ASX:Live
26/07/2024 04:10:15 PM
Near Resistance Near 52 Week High Hammer Bullish HALO Small HALO Price Momentum +7
Consensus Score
/10
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CDA Overview

CDA Health Scores

Short Term

Mean Reversion

Neutral

Trend

Neutral

Event

Neutral

Halo Model

MQV

Neutral

GARP

Strong

MQV Small

Weak

Valuation

Value

Consensus

Momentum

Price

Very Weak

Earnings

Weak

Growth

Earnings

Neutral

Dividends

Weak

Quality

Capital Efficiency

Very Weak

Balance Sheet

Neutral

About CDA

Website

Codan Limited

Telephone

61.8.8305.0311

Address

2 Second Avenue Technology Park Mawson Lakes, South Australia (SA) 5095

Description

Codan Ltd. provides electronic solutions, focusing on metal detection and communications technology. It operates through the following segments: Communications, Metal Detection, and Other. The Communications Equipment segment includes the design, development, manufacture, and marketing of communications equipment. The Metal Detection segment designs and develops metal detection equipment. The Other segment refers to the tracking solutions business and the ingoing manufacturing and sale of tracking products. The company was founded by Alastair Wood, Ian Baker Wall and Jim Irvine Bettison on July 1, 1959, and is headquartered in Mawson Lakes, Australia.

CDA Price Chart

Key Stats

Market Cap

AU$2.26B

PE

23.60

EV/EBITDA

13.5

Dividends Overview

DIV Yield

2.2%

Franking

100%

Ex Dividend Date (est.)

N/A

Market Data

52 weeks range

Low 6.75 - 12.58

Trade Value (12mth)

AU$677,695.00

1 week

3.82%

1 month

6.11%

YTD

48.28%

1 year

66.22%

All time high

19.43

Key Fundamentals

EPS 3 yr Growth

5.600%

EBITDA Margin

26.40%

Operating Cashflow

$80m

Free Cash Flow Return

16.40%

ROIC

13.90%

Interest Coverage

22.40

Quick Ratio

0.80

Other Data

Shares on Issue (Fully Dilluted)

182m

HALO Sector

Discretionary

Next Company Report Date

26-Aug-24

Ex Dividend Date (est.)

N/A

Next Dividend Pay Date (est.)

N/A

Reporting Currency

AUD

Short Sell (% of issue)

0.07

CDA Announcements

Latest Announcements

Date Announcements

06 June 24

Change of Director's Interest Notice

×

Change of Director's Interest Notice

31 May 24

Change of Director's Interest Notice

×

Change of Director's Interest Notice

07 May 24

Investor Presentation

×

Investor Presentation

21 February 24

Half Year Accounts

×

Half Year Accounts

21 February 24

FY24 Half Year Investor Presentation

×

FY24 Half Year Investor Presentation

21 February 24

Dividend/Distribution - CDA

×

Dividend/Distribution - CDA

09 February 24

Notification regarding unquoted securities - CDA

×

Notification regarding unquoted securities - CDA

06 February 24

Notification of earnings call

×

Notification of earnings call

18 December 23

Notification of cessation of securities - CDA

×

Notification of cessation of securities - CDA

29 November 23

Acquisition Announcement

×

Acquisition Announcement

10 November 23

Notification regarding unquoted securities - CDA

×

Notification regarding unquoted securities - CDA

10 November 23

Change of Director's Interest Notice

×

Change of Director's Interest Notice

25 October 23

2023 AGM Investor Presentation

×

2023 AGM Investor Presentation

25 October 23

2023 AGM - Chairman's Address and CEO's Address

×

2023 AGM - Chairman's Address and CEO's Address

25 October 23

Results of Meeting

×

Results of Meeting

20 September 23

Notice of Annual General Meeting/Proxy Form

×

Notice of Annual General Meeting/Proxy Form

20 September 23

Annual Report to shareholders

×

Annual Report to shareholders

20 September 23

Letter to Shareholders

×

Letter to Shareholders

20 September 23

Appendix 4G & Corporate Governance Statement

×

Appendix 4G & Corporate Governance Statement

05 September 23

Change of Director's Interest Notice

×

Change of Director's Interest Notice

04 September 23

Application for quotation of securities - CDA

×

Application for quotation of securities - CDA

31 August 23

Date of Annual General Meeting

×

Date of Annual General Meeting

28 August 23

Appendix 4E & Full Year Statutory Accounts

×

Appendix 4E & Full Year Statutory Accounts

28 August 23

Dividend/Distribution - CDA

×

Dividend/Distribution - CDA

28 August 23

FY23 Investor Presentation

×

FY23 Investor Presentation

CDA Fundamentals

Per Share Records

Historical data

Forecast data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.50 0.56 0.37 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.50 0.56 0.37 Lock Lock Lock
     Growth % Lock Lock Lock Lock 41.2 11.2 -32.8 Lock Lock Lock
     PE X Lock Lock Lock Lock 36.8 15.7 23.6 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 22.0 9.4 13.5 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.63 0.68 0.55 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock 0.49 -0.04 0.10 Lock Lock Lock
     Growth % Lock Lock Lock Lock 14.2 7.7 -18.8 Lock Lock Lock
     Yield % Lock Lock Lock Lock 2.7 -0.6 1.3 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.27 0.28 0.18 Lock Lock Lock
     Growth % Lock Lock Lock Lock 45.9 3.7 -33.9 Lock Lock Lock
     Yield % Lock Lock Lock Lock 1.4 3.3 2.2 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 54 50 49 Lock Lock Lock
BPS $ Lock Lock Lock Lock 1.68 2.04 2.24 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock -0.01 0.14 0.14 Lock Lock Lock
     Growth % Lock Lock Lock Lock -102.2 1,333.6 -4.4 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 181 181 181 Lock Lock Lock
Basic m Lock Lock Lock Lock 180 181 181 Lock Lock Lock

Financial Records

Historical data

Forecast data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Income Statement
Sales $m Lock Lock Lock Lock 437 506 456 Lock Lock Lock
     Growth % Lock Lock Lock Lock 25.6 15.8 -9.8 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 77 115 127 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 217 253 219 Lock Lock Lock
     Growth % Lock Lock Lock Lock 27.1 16.7 -13.6 Lock Lock Lock
     Margin % Lock Lock Lock Lock 49.6 50.0 47.9 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 50 50 52 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 159 163 121 Lock Lock Lock
     Growth % Lock Lock Lock Lock 34.7 2.1 -25.8 Lock Lock Lock
     Margin % Lock Lock Lock Lock 36.5 32.1 26.4 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 19 25 29 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 140 138 92 Lock Lock Lock
     Growth % Lock Lock Lock Lock 43.7 -1.6 -33.5 Lock Lock Lock
     Margin % Lock Lock Lock Lock 32.1 27.3 20.1 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 131 136 83 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 41 35 15 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 90 101 68 Lock Lock Lock
     Growth % Lock Lock Lock Lock 41.6 11.5 -32.7 Lock Lock Lock
     Margin % Lock Lock Lock Lock 20.7 19.9 14.8 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 131 52 80 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 23 34 49 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -183 -20 -54 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock -19 -33 -25 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 127 46 62 Lock Lock Lock
     Growth % Lock Lock Lock Lock 26.9 -64.1 35.5 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.3 0.1 0.1 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock 65 69 56 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 22 23 24 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 503 591 693 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 49 78 119 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock 34 60 102 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 199 223 287 Lock Lock Lock
Equity $m Lock Lock Lock Lock 304 368 407 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 353 446 526 Lock Lock Lock
     Growth % Lock Lock Lock Lock 28.8 26.4 18.0 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 18.0 17.0 9.8 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 29.7 27.4 16.7 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 39.0 34.1 18.7 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 25.6 25.2 13.9 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 37.2 12.9 16.4 Lock Lock Lock

Ratios Records

Historical data

Forecast data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Leverage
Interest Cover X Lock Lock Lock Lock 109.2 93.0 22.4 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock 0.2 0.4 0.8 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock 11.1 16.2 25.0 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 1.1 1.7 1.7 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 0.6 0.8 0.8 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 14.7 11.1 10.1 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 95.5 42.3 57.7 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 12.7 10.6 6.9 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 3.3 2.8 2.0 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 29.2 6.2 4.8 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 9.7 8.2 10.3 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.9 0.9 0.7 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.9 0.9 0.7 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 29.9 26.8 18.1 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 26.0 23.0 11.9 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 31.0 25.9 18.0 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 18.0 17.0 9.8 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.7 1.6 1.7 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 29.7 27.4 16.7 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 46.1 49.7 50.6 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock 13.7 13.6 8.4 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 111.4 128.7 179.6 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 28.7 34.5 52.7 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 140.0 163.2 232.4 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 70.3 52.9 63.0 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 69.7 110.3 169.3 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

N/A

DIV Yield

2.2%

Franking Level

100%

DPSg

-33.90%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
Enhanced
Strategy

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Values and Recommendations

Key Stats

Consensus Score

Lock

Recommendation

Lock

EPS 1 month Change

Lock

Quality Yield

Lock

Falling Divs over next 2

Lock

Halo Consensus Score

Lock Chart

PEG Ratio

Lock Chart

Consensus EPS Revisions

Lock Chart

Short selling

Key Stats

Percent of Issue

0.07%

Value ($M)

1

Prior Change

N/A

7 Day Change

N/A

1 Month Change

N/A

3 Month Change

0.10%

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CDA Shortsell

Frequently Asked Questions

The current share price of Codan Limited (CDA:ASX) is AU$12.6.
The 52-week high share price for Codan Limited (CDA:ASX) is AU$12.58.
The 52-week low share price for Codan Limited (CDA:ASX)? is AU$6.75.
The current TTM dividend payout for Codan Limited (CDA:ASX) is 2.20.
The last dividend payment of Codan Limited (CDA:ASX) is AU$0.11.
Codan Limited (CDA:ASX) has a franking level of 100.0%.
Codan Limited (CDA:ASX) is classified in the Discretionary.
The current P/E ratio for Codan Limited (CDA:ASX) is 23.60.
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HALO Technologies Pty Ltd ABN 54 623 830 866 is a Corporate Authorised Representative No 1261916 of Macrovue Pty Ltd ABN 98 600 022 679 AFSL 484264. Macrovue Pty Ltd is a wholly owned subsidiary of HALO Technologies Pty Ltd.