CODAN LIMITED
stock AU:CDA (SYDNEY)

Watch List

  • Exchange: SYDNEY
  • Sector: Industrial Goods
  • Industry: Electronic Equipment
  • Market Cap: Small (687.36M)
  • Data in AUD
  • EPS: 0.41
  • Current PE: 9.47
  • BVPS: 7.82
  • Price/BVPS:
  • Dividend: 0.22 / 5.8%
  • Hist Grade: B (71.06)
  • YOY Grade: C (63.65)
  • Debt/FCF: 1.14
  • ROIC: 18.5%
  • PEG: 0.75
  • PEGY: 0.52
  • Value Price: 3.70
  • MOS Price: 1.85
  • MOS %:
  • Graham Number: 8.52
  • Graham MOS %:
  • IRT: 5.38

Market Price

Price is unknown

Stock Analyzer Tutorials

S2O Stock Analyzer - General Info

General Info


type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

S2O Stock Analyzer - Financial Statements

Financial Statements


type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

S2O Stock Analyzer - Growth Grade and Financial Ratios

Growth Grade and Financial Ratios


type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

S2O Stock Analyzer - Value Price

Value Price


type: video (mp4); length: 6:03

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

S2O Stock Analyzer - Price Charts

Price Charts


type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

  • Exchange: SYDNEY
  • Sector: Industrial Goods
  • Industry: Electronic Equipment
  • Market Cap: Small (687.36M)
  • Inst. Ownership: 9.74%
  • Insider Ownership: 45.88%
  • Full Time Employees: 450
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.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement


 

Cash Flow Statement


 

Balance Sheet


 

Liquidity Ratios

Current Ratio

 

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

 

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

 

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

 

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

 

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC

 

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name Jun '12 Jun '13 Jun '14 Jun '15 Jun '16 Jun '17 Jun '18 Jun '19 Jun '20 Jun '21 Jun '22
Equity (BVPS) 0.45
0.65
0.68
0.71
0.74
0.87
0.95
1.09
1.27
1.48
growth rate 44.4% 4.6% 4.4% 4.2% 17.6% 9.2% 14.7% 16.5% 16.5%
Earnings BIT 38.07
65.00
11.04
17.27
27.51
62.12
54.08
63.57
97.64
140.29
138.05
growth rate 70.7% -83.0% 56.5% 59.3% 125.8% -12.9% 17.5% 53.6% 43.7% -1.6%
Avg.PE 8.92
5.83
15.19
12.86
14.20
12.77
13.51
18.74
27.68
36.32
7.25
growth rate -34.6% 160.6% -15.3% 10.4% -10.1% 5.8% 38.7% 47.7% 31.2% -80.0%
ROA 14.57
23.79
4.34
5.94
7.36
19.55
17.07
17.28
20.39
21.13
growth rate 63.3% -81.8% 36.9% 23.9% 165.6% -12.7% 1.2% 18.0% 3.6%
ROE 30.60
44.50
7.51
10.06
11.59
28.62
23.54
22.86
27.82
32.80
growth rate 45.4% -83.1% 34.0% 15.2% 146.9% -17.8% -2.9% 21.7% 17.9%
ROIC 22.53
33.77
7.17
8.22
10.23
29.05
23.76
22.88
24.52
28.42
growth rate 49.9% -78.8% 14.6% 24.5% 184.0% -18.2% -3.7% 7.2% 15.9%
Cur. Ratio 1.35
1.47
2.32
1.91
1.75
1.34
1.60
1.90
2.22
1.10
growth rate 8.9% 57.8% -17.7% -8.4% -23.4% 19.4% 18.8% 16.8% -50.5%
Quick Ratio 1.00
0.58
1.17
0.86
0.85
0.70
0.96
1.05
1.67
0.40
growth rate -42.0% 101.7% -26.5% -1.2% -17.7% 37.1% 9.4% 59.1% -76.1%
Leverage 2.14
1.70
1.77
1.62
1.53
1.41
1.35
1.30
1.42
1.66
growth rate -20.6% 4.1% -8.5% -5.6% -7.8% -4.3% -3.7% 9.2% 16.9%
Balance Sheet Jun '12 Jun '13 Jun '14 Jun '15 Jun '16 Jun '17 Jun '18 Jun '19 Jun '20 Jun '21 Jun '22
Acct.Receivable 23.00
22.00
23.52
20.94
19.38
20.82
29.88
20.18
27.16
38.70
65.77
growth rate -4.4% 6.9% -11.0% -7.4% 7.5% 43.5% -32.5% 34.6% 42.5% 69.9%
Acct.Payable 15.00
14.00
11.67
11.94
9.66
18.92
25.69
22.63
21.55
42.42
41.71
growth rate -6.7% -16.6% 2.3% -19.1% 95.9% 35.8% -11.9% -4.8% 96.9% -1.7%
Cur.Assets 62.00
76.00
69.43
60.97
68.69
80.30
95.40
102.51
157.50
152.48
203.50
growth rate 22.6% -8.7% -12.2% 12.7% 16.9% 18.8% 7.5% 53.7% -3.2% 33.5%
Total Assets 170.00
212.00
212.43
208.67
212.47
232.68
254.30
274.32
351.57
502.85
590.93
growth rate 24.7% 0.2% -1.8% 1.8% 9.5% 9.3% 7.9% 28.2% 43.0% 17.5%
Cash 23.00
9.00
13.03
7.16
14.33
21.42
27.71
37.52
92.83
22.36
22.61
growth rate -60.9% 44.8% -45.1% 100.3% 49.5% 29.4% 35.4% 147.4% -75.9% 1.1%
Inventory 12.00
43.00
31.30
31.31
28.48
31.03
31.59
36.70
32.61
62.77
102.49
growth rate 258.3% -27.2% 0.0% -9.0% 9.0% 1.8% 16.2% -11.2% 92.5% 63.3%
Cur.Liabilities 47.00
51.00
29.91
31.97
39.21
59.92
59.70
53.83
70.94
137.53
122.20
growth rate 8.5% -41.4% 6.9% 22.6% 52.8% -0.4% -9.8% 31.8% 93.9% -11.2%
Liabilities 91.00
87.00
92.14
80.32
73.54
67.68
66.24
63.10
104.22
199.24
222.98
growth rate -4.4% 5.9% -12.8% -8.4% -8.0% -2.1% -4.7% 65.2% 91.2% 11.9%
LT Debt 39.00
34.00
59.90
42.49
26.92
24.00
52.00
growth rate -12.8% 76.2% -29.1% -36.6% -2.3% 116.7%
Equity 79.40
124.70
120.29
128.35
139.01
165.09
188.18
211.34
247.30
303.61
367.96
growth rate 57.1% -3.5% 6.7% 8.3% 18.8% 14.0% 12.3% 17.0% 22.8% 21.2%
Common Shares 164.00
176.00
177.00
179.00
178.00
180.00
188.18
211.34
44.75
45.84
47.06
growth rate 7.3% 0.6% 1.1% -0.6% 1.1% 4.6% 12.3% -78.8% 2.5% 2.7%
Cash Flow Statement Jun '12 Jun '13 Jun '14 Jun '15 Jun '16 Jun '17 Jun '18 Jun '19 Jun '20 Jun '21 Jun '22
Capital Expenditures 2.00
4.00
3.11
3.49
4.66
4.06
3.43
4.13
3.76
4.14
6.09
growth rate 100.0% -22.2% 12.2% 33.4% -12.8% -15.7% 20.6% -9.0% 10.1% 47.1%
Cash Dividends 14.80
20.30
15.04
5.31
7.08
12.41
14.25
15.23
22.50
38.81
53.36
growth rate 37.2% -25.9% -64.7% 33.4% 75.2% 14.9% 6.9% 47.7% 72.5% 37.5%
Cash From OA 40.00
36.00
11.42
30.67
47.91
75.58
48.22
62.09
103.98
131.30
51.72
growth rate -10.0% -68.3% 168.5% 56.2% 57.8% -36.2% 28.8% 67.5% 26.3% -60.6%
FCF per Share 0.07
0.27
-0.14
0.08
0.08
0.29
0.10
0.22
0.36
0.51
growth rate 285.7% -100.0% 100.0% 0.0% 262.5% -65.5% 120.0% 63.6% 41.7%
FCF 24.00
16.00
-7.00
12.00
29.00
52.00
26.00
36.00
81.00
108.00
45.63
growth rate -33.3% -100.0% 100.0% 141.7% 79.3% -50.0% 38.5% 125.0% 33.3% -57.8%
Income Statement Jun '12 Jun '13 Jun '14 Jun '15 Jun '16 Jun '17 Jun '18 Jun '19 Jun '20 Jun '21 Jun '22
Sales 161.00
234.00
132.27
143.86
169.54
226.10
229.91
270.81
348.02
437.05
506.15
growth rate 45.3% -43.5% 8.8% 17.9% 33.4% 1.7% 17.8% 28.5% 25.6% 15.8%
Op.Income 29.00
65.00
11.04
17.27
27.51
62.12
54.08
63.57
97.64
140.29
138.05
growth rate 124.1% -83.0% 56.5% 59.3% 125.8% -12.9% 17.5% 53.6% 43.7% -1.6%
IBT 38.10
63.50
10.27
16.18
19.43
59.48
53.19
63.30
89.02
130.81
135.67
growth rate 66.7% -83.8% 57.6% 20.0% 206.2% -10.6% 19.0% 40.6% 47.0% 3.7%
Net Income 29.00
45.00
9.20
12.51
15.50
43.52
41.58
45.67
63.80
90.35
100.74
growth rate 55.2% -79.6% 36.0% 23.9% 180.8% -4.5% 9.8% 39.7% 41.6% 11.5%
EPS 0.14
0.26
0.05
0.07
0.08
0.24
0.23
0.25
0.35
0.49
growth rate 85.7% -80.8% 40.0% 14.3% 200.0% -4.2% 8.7% 40.0% 40.0%
Gross Profit 97.00
143.00
64.48
78.34
94.93
136.22
131.71
153.33
196.54
243.14
286.35
growth rate 47.4% -54.9% 21.5% 21.2% 43.5% -3.3% 16.4% 28.2% 23.7% 17.8%
R&D 9.33
11.09
13.75
17.28
20.36
24.76
25.92
26.23
33.29
growth rate 18.9% 24.0% 25.7% 17.8% 21.6% 4.7% 1.2% 26.9%

Quarterly Statements

Item Name Jun '21 Sep '21 Dec '21 Mar '22 Jun '22
Earnings BIT 39.55
34.53
34.53
34.49
34.49
growth rate -12.7% 0.0% -0.1% 0.0%
Balance Sheet Jun '21 Sep '21 Dec '21 Mar '22 Jun '22
Acct.Receivable 39.47
64.46
64.46
65.77
65.77
growth rate 63.3% 0.0% 2.0% 0.0%
Acct.Payable 42.42
84.71
84.71
41.71
41.71
growth rate 99.7% 0.0% -50.8% 0.0%
Cur.Assets 156.91
179.71
179.71
203.50
203.50
growth rate 14.5% 0.0% 13.2% 0.0%
Total Assets 503.56
546.91
546.91
590.93
590.93
growth rate 8.6% 0.0% 8.1% 0.0%
Cash 22.36
10.65
10.65
22.61
22.61
growth rate -52.4% 0.0% 112.4% 0.0%
Inventory 66.43
85.83
85.83
102.49
102.49
growth rate 29.2% 0.0% 19.4% 0.0%
Cur.Liabilities 142.51
114.12
114.12
122.20
122.20
growth rate -19.9% 0.0% 7.1% 0.0%
Liabilities 199.95
215.95
215.95
222.98
222.98
growth rate 8.0% 0.0% 3.3% 0.0%
LT Debt 24.00
58.50
58.50
52.00
52.00
growth rate 143.8% 0.0% -11.1% 0.0%
Equity 303.72
331.00
331.00
367.96
367.96
growth rate 9.0% 0.0% 11.2% 0.0%
Common Shares 45.84
47.06
47.06
47.06
47.06
growth rate 2.7% 0.0% 0.0% 0.0%
Cash Flow Statement Jun '21 Sep '21 Dec '21 Mar '22 Jun '22
Capital Expenditures 1.38
1.33
1.33
1.71
1.71
growth rate -3.7% 0.0% 28.2% 0.0%
Cash Dividends 9.48
14.92
14.92
11.76
11.76
growth rate 57.5% 0.0% -21.2% 0.0%
Cash From OA 40.76
-6.45
-6.45
32.31
32.31
growth rate -100.0% 0.0% 100.0% 0.0%
FCF 39.37
-7.78
-7.78
30.60
30.60
growth rate -100.0% 0.0% 100.0% 0.0%
Income Statement Jun '21 Sep '21 Dec '21 Mar '22 Jun '22
Sales 121.29
128.38
128.38
124.70
124.70
growth rate 5.8% 0.0% -2.9% 0.0%
Op.Income 39.55
34.53
34.53
34.49
34.49
growth rate -12.7% 0.0% -0.1% 0.0%
IBT 35.15
34.60
34.60
33.23
33.23
growth rate -1.6% 0.0% -4.0% 0.0%
Net Income 24.53
25.01
25.01
25.36
25.36
growth rate 1.9% 0.0% 1.4% 0.0%
Gross Profit 69.25
73.49
73.49
69.68
69.68
growth rate 6.1% 0.0% -5.2% 0.0%
R&D 7.65
8.99
8.99
7.65
7.65
growth rate 17.5% 0.0% -14.9% 0.0%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

B (71.06)

YOY Growth Grade:

C (63.65)

Click on buttons above for detailed yearly growth rates.

Market Ratios

  • Dividend Yield: 5.8%

  • Beta: 0.99

    Beta of 0.9850 suggests that the asset is volatile as the rest of the market (fairly priced).

  • PE: 9.47

  • EY: 10.6%

  • PEG: 0.75

    PEG Ratio of 0.75 suggests that stock is underpriced.

  • PEGY: 0.52

    PEGY Ratio of 0.52 suggests that stock is underpriced.

  • Price/BVPS:

Profitability Ratios

  • ROE: 32.8%

    Return on Equity (ROE) of 32.8% suggests that a company is doing well.

  • ROS: 27.3%

    The value of Return on Sales depends on the business and/or industry. Usually the higher ratio the better.

  • ROA: 23.0%

    Return on Assets (ROA). Low ratio usually means poor performance, or ineffective use of assets by management. High ratio usually means good performance.

  • ROI: 36.9%

    Return on Investment (ROI) of 36.9% suggests that a company is doing well.

  • ROIC: 18.5%

    Return on Invested Capital (ROIC) of 18.5% suggests that a company is doing well.

Liquidity Ratios

  • Current Ratio: 1.67

    Current Ratio of 1.67 suggests that a company may not be able to pay off bills as rapidly as it should.

  • Quick Ratio: 0.72

    Quick Ratio of 0.72 suggests that a company may not be able to pay off bills as rapidly as it should.

  • Cash Turnover: 6.23

    Turnover Of Cash Ratio of 6.23 suggests that a company may be vulnerable to creditors. As a result it may be unable to pay wages or utility bills.

  • Equity Ratio: 62.3%

    Equity Ratio of 62.3% suggests that a large percent of the company's assets financed by shareholder equity, which is good.

  • Debt/Equity: 60.6%

    Debt to Equity Ratio of 60.6% suggests that a company is doing well.

  • Debt/FCF: 1.14

    Debt/FCF of 1.14 suggests that a company is doing well and can pay off its long term debt within three years.

Efficiency Ratios

  • Avg Collection Period: 47.43

    Average Collection Period of 47.43 days suggests that a company is doing well.

  • Inventory Turnover: 2.14

    Inventory Turnover Ratio of 2.14 suggests a large inventory, a never-out-of-stock situation, perhaps some obsolete items, or it could indicate poor liquidity and possible overstocking of items.

  • Cash Flow Ratio: 4.03

    Cash Flow Ratio of 4.03 suggests a company is doing OK, but lower inventory is generally viewed as a positive trend.

  • Profit Margin: 19.9%

Value Price

PE and EPS

Historical Current Forward
PE 9.20 9.47 5.76
EPS / Growth 18.3% 0.41 12.6%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 17.7%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 12.6% 16.2% 16.2%
Future PE 5.76 8.05 15.80
Future EPS 1.35 1.86 1.86
Value Price
MOS %		 1.93
3.70
7.25
MOS Price 0.96 1.85 3.63
IRT

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

  • Graham Number: 8.52
  • Graham MOS:

Price Chart

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