CDA · ASX

Codan Limited (ASX:CDA)

AU$15.89

 0.12 (0.761%)
ASX:Live
21/11/2024 04:10:42 PM
Hammer Bearish HALO Small HALO Ords HALO Dividend Growth HALO Capital Efficiency +5
Consensus Score
/10
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CDA Overview

CDA Health Scores

Short Term

Mean Reversion

Neutral

Trend

Neutral

Event

Very Weak

Halo Model

MQV

Weak

GARP

Strong

MQV Small

Weak

Valuation

Value

Consensus

Momentum

Price

Weak

Earnings

Weak

Growth

Earnings

Strong

Dividends

Very 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. engages in the provision of electronic solutions, focusing on metal detection and communications technology. It operates through the following segments: Communications, Metal Detection, and Other. The Communications segment includes the design, development, manufacture, and marketing of communications equipment. The Metal Detection segment focuses on the designs, development, manufacture, and marketing of metal detection equipment. The Other segment refers to the tracking solutions business and the ongoing 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$2.88B

PE

29.40

EV/EBITDA

16.8

Dividends Overview

DIV Yield

1.6%

Franking

100%

Ex Dividend Date (est.)

03-Sep-24

Market Data

52 weeks range

Low 7.86 - 16.43

Trade Value (12mth)

AU$933,069.00

1 week

0.96%

1 month

-1.31%

YTD

87.07%

1 year

92.32%

All time high

19.43

Key Fundamentals

EPS 3 yr Growth

-10.20%

EBITDA Margin

26.80%

Operating Cashflow

$106m

Free Cash Flow Return

19.20%

ROIC

14.70%

Interest Coverage

15.50

Quick Ratio

0.80

Other Data

Shares on Issue (Fully Dilluted)

182m

HALO Sector

Discretionary

Next Company Report Date

01-Sep-25

Ex Dividend Date (est.)

03-Sep-24

Next Dividend Pay Date (est.)

18-Sep-24

Reporting Currency

AUD

Short Sell (% of issue)

0.14

CDA Announcements

Latest Announcements

Date Announcements

15 November 24

Notification regarding unquoted securities - CDA

×

Notification regarding unquoted securities - CDA

08 November 24

Notification regarding unquoted securities - CDA

×

Notification regarding unquoted securities - CDA

08 November 24

Change of Director's Interest Notice

×

Change of Director's Interest Notice

23 October 24

2024 AGM Chair's Address and CEO's Address

×

2024 AGM Chair's Address and CEO's Address

23 October 24

Results of Meeting

×

Results of Meeting

25 September 24

Acquisition Announcement

×

Acquisition Announcement

25 September 24

Acquisition Solutions Overview

×

Acquisition Solutions Overview

20 September 24

Notice of Annual General Meeting/Proxy Form

×

Notice of Annual General Meeting/Proxy Form

20 September 24

Annual Report to shareholders

×

Annual Report to shareholders

20 September 24

Appendix 4G & Corporate Governance Statement

×

Appendix 4G & Corporate Governance Statement

20 September 24

Letter to Shareholders

×

Letter to Shareholders

18 September 24

Virgin Money UK PLC to be removed from the S&P/ASX 200 Index

×

Virgin Money UK PLC to be removed from the S&P/ASX 200 Index

02 September 24

Application for quotation of securities - CDA

×

Application for quotation of securities - CDA

02 September 24

Application for quotation of securities - CDA

×

Application for quotation of securities - CDA

02 September 24

Change of Director's Interest Notice

×

Change of Director's Interest Notice

29 August 24

Date of Annual General Meeting

×

Date of Annual General Meeting

22 August 24

Full Year Statutory Accounts

×

Full Year Statutory Accounts

22 August 24

Dividend/Distribution - CDA

×

Dividend/Distribution - CDA

22 August 24

FY24 Investor Presentation

×

FY24 Investor Presentation

06 August 24

Notification of Earnings Call

×

Notification of Earnings Call

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

CDA Fundamentals

Per Share Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.56 0.37 0.45 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.56 0.37 0.45 Lock Lock Lock
     Growth % Lock Lock Lock Lock 11.2 -32.8 20.0 Lock Lock Lock
     PE X Lock Lock Lock Lock 15.7 23.6 29.4 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 9.4 13.5 16.8 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.68 0.55 0.64 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock -0.04 0.10 0.33 Lock Lock Lock
     Growth % Lock Lock Lock Lock 7.7 -18.8 16.0 Lock Lock Lock
     Yield % Lock Lock Lock Lock -0.6 1.3 2.7 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.28 0.18 0.22 Lock Lock Lock
     Growth % Lock Lock Lock Lock 3.7 -33.9 21.6 Lock Lock Lock
     Yield % Lock Lock Lock Lock 3.3 2.2 1.6 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 50 49 50 Lock Lock Lock
BPS $ Lock Lock Lock Lock 2.04 2.24 2.47 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 0.14 0.14 0.07 Lock Lock Lock
     Growth % Lock Lock Lock Lock 1,333.6 -4.4 -45.6 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 181 181 182 Lock Lock Lock
Basic m Lock Lock Lock Lock 181 181 181 Lock Lock Lock

Financial Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Income Statement
Sales $m Lock Lock Lock Lock 506 456 550 Lock Lock Lock
     Growth % Lock Lock Lock Lock 15.8 -9.8 20.6 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 115 127 155 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 253 219 269 Lock Lock Lock
     Growth % Lock Lock Lock Lock 16.7 -13.6 23.2 Lock Lock Lock
     Margin % Lock Lock Lock Lock 50.0 47.9 48.9 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 50 52 51 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 163 121 148 Lock Lock Lock
     Growth % Lock Lock Lock Lock 2.1 -25.8 22.3 Lock Lock Lock
     Margin % Lock Lock Lock Lock 32.1 26.4 26.8 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 25 29 33 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 138 92 114 Lock Lock Lock
     Growth % Lock Lock Lock Lock -1.6 -33.5 24.7 Lock Lock Lock
     Margin % Lock Lock Lock Lock 27.3 20.1 20.8 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 136 83 104 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 35 15 23 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 101 68 81 Lock Lock Lock
     Growth % Lock Lock Lock Lock 11.5 -32.7 20.1 Lock Lock Lock
     Margin % Lock Lock Lock Lock 19.9 14.8 14.8 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 52 80 106 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 34 49 51 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -20 -54 -88 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock -33 -25 -22 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 46 62 96 Lock Lock Lock
     Growth % Lock Lock Lock Lock -64.1 35.5 55.8 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.1 0.1 0.2 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock 69 56 49 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 23 24 20 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 591 693 769 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 78 119 134 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock 60 102 121 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 223 287 322 Lock Lock Lock
Equity $m Lock Lock Lock Lock 368 407 447 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 446 526 582 Lock Lock Lock
     Growth % Lock Lock Lock Lock 26.4 18.0 10.6 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 17.0 9.8 10.6 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 27.4 16.7 18.2 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 34.1 18.7 20.4 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 25.2 13.9 14.7 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 12.9 16.4 19.2 Lock Lock Lock

Ratios Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Leverage
Interest Cover X Lock Lock Lock Lock 93.0 22.4 15.5 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock 0.4 0.8 0.8 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock 16.2 25.0 27.1 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 1.7 1.7 1.7 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 0.8 0.8 0.8 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 11.1 10.1 7.6 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 42.3 57.7 68.5 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 10.6 6.9 6.6 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 2.8 2.0 2.2 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 6.2 4.8 5.3 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 8.2 10.3 9.0 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.9 0.7 0.7 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.9 0.7 0.7 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 26.8 18.1 19.0 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 23.0 11.9 13.6 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 25.9 18.0 22.2 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 17.0 9.8 10.6 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.6 1.7 1.7 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 27.4 16.7 18.2 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 49.7 50.6 49.9 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock 13.6 8.4 9.1 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 128.7 179.6 167.1 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 34.5 52.7 55.3 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 163.2 232.4 222.3 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 52.9 63.0 61.6 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 110.3 169.3 160.7 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

03-Sep-24

DIV Yield

1.6%

Franking Level

100%

DPSg

21.60%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
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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

0.14%

Value ($M)

4

Prior Change

N/A

7 Day Change

N/A

1 Month Change

0.10%

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$15.89.
The 52-week high share price for Codan Limited (CDA:ASX) is AU$16.43.
The 52-week low share price for Codan Limited (CDA:ASX)? is AU$7.86.
The current TTM dividend payout for Codan Limited (CDA:ASX) is 1.60.
The last dividend payment of Codan Limited (CDA:ASX) is AU$0.12.
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 29.40.
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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.