Codan (CDA.AX) Stock Price

Currency:

Codan Price

🇦🇺ASX·CLOSED

36.48AUD

Market closed

Today +/-

-0.65 AUD

Today %

-1.77 %

Codan (CDA.AX) — ISIN AU000000CDA3. The Codan stock price was 36.48 AUD in 2026. Revenue was 816.25 M AUD. Earnings were 145.82 M AUD. P/E ratio was 45.59. Codan operates in the Information technology sector.

Codan stock price

Ex-Dividend

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Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Codan over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Codan stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Codan's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Codan Stock Price History

Date	Codan Price
3/6/2026	36.48 AUD
3/5/2026	37.13 AUD
2/26/2026	36.24 AUD
2/25/2026	34.29 AUD
2/24/2026	34.52 AUD
2/23/2026	34.63 AUD
2/20/2026	34.30 AUD
2/19/2026	34.68 AUD
2/18/2026	34.53 AUD
2/17/2026	34.27 AUD
2/16/2026	34.39 AUD
2/13/2026	34.30 AUD

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Codan Revenue, EBIT, Net Income

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Revenue

EBIT

Net Income

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Codan Income Statement, Balance Sheet, Cash Flow Statement

Last updated Mar 14, 2026, 5:22 AM

REVENUE (B AUD)

REVENUE GROWTH (%)

GROSS MARGIN (%)

GROSS INCOME (M AUD)

NET INCOME (M AUD)

NET INCOME GROWTH (%)

DIVIDEND (AUD)DIV. (AUD)

DIVIDEND GROWTH (%)DIV. GROWTH (%)

SHARES (M)

DOCUMENTS

2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e	2027e	2028e	2029e	2030e	2031e
0.09	0.11	0.1	0.11	0.14	0.13	0.12	0.12	0.11	0.13	0.19	0.17	0.16	0.23	0.13	0.14	0.17	0.23	0.23	0.27	0.35	0.44	0.51	0.46	0.55	0.67	0.82	0.91	1	1.04	1.15	1.34
–	26.44	-5.45	8.65	21.24	-8.03	-7.14	3.42	-9.92	21.10	43.18	-10.58	-5.33	45.63	-43.35	8.33	18.18	33.73	1.33	17.90	28.89	25.57	15.79	-9.88	20.61	22.55	21.07	11.52	10.11	3.69	10.49	16.38
48.28	45.45	45.19	47.79	49.64	47.62	43.59	43.80	45.87	46.97	51.85	53.25	60.62	61.37	48.48	54.55	55.62	60.18	57.21	56.67	56.32	55.61	56.52	54.61	55.45	56.08	46.32	41.54	37.72	36.38	32.93	28.29
42	50	47	54	68	60	51	53	50	62	98	90	97	143	64	78	94	136	131	153	196	243	286	249	305	378	378	378	378	378	378	378
8	9	10	11	16	16	8	11	1	12	14	21	23	45	9	12	15	43	41	45	63	90	100	67	81	103	145	172	197	206	237	258
–	12.50	11.11	10.00	45.45	–	-50.00	37.50	-90.91	1,100.00	16.67	50.00	9.52	95.65	-80.00	33.33	25.00	186.67	-4.65	9.76	40.00	42.86	11.11	-33.00	20.90	27.16	40.78	18.62	14.53	4.57	15.05	8.86
-	-	-	-	-	-	0.09	0.09	0.09	0.09	0.11	0.13	0.14	0.19	0.04	0.05	0.09	0.10	0.12	0.13	0.26	0.39	0.40	0.26	0.32	0.41	0.46	0.70	0.80	-	-	-
–	–	–	–	–	–	–	–	–	–	22.22	18.18	7.69	35.71	-78.95	25.00	80.00	11.11	20.00	8.33	100.00	50.00	2.56	-35.00	23.08	28.12	12.20	52.17	14.29	–	–	–
162	162	162	162	150.4	162	162	162	162	162.7	165.4	164.7	165.2	176	177.9	177.99	178.13	179.52	179.98	178.99	179.87	181.26	181.31	181.4	181.82	182.23	182.23	182.23	182.23	182.23	182.23	182.23
–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Codan generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Codan retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Codan's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Codan has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Codan's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

ASSETS

CASH BALANCE (M AUD)

RECEIVABLES (M AUD)

OTHER RECEIVABLES (M AUD)OTHER REC. (M AUD)

INVENTORIES (M AUD)

OTHER CURRENT ASSETS (M AUD)OTHER CURRENT LIAB. (M AUD)

CURRENT ASSETS (M AUD)

TANGIBLE ASSETS (M AUD)

LONG-TERM INVESTMENTS (k AUD)LONG-T. INVEST. (k AUD)

LONG-TERM RECEIVABLES (M AUD)LONG-T. REC. (M AUD)

INTANGIBLE ASSETS (M AUD)INTANGIBLE ASSETS (M AUD)

GOODWILL (M AUD)

OTHER NON-CURRENT ASSETS (M AUD)OTHER NON-CURRENT ASSETS (M AUD)

NON-CURRENT ASSETS (M AUD)

TOTAL ASSETS (M AUD)

LIABILITIES

COMMON STOCK (M AUD)

ADDITIONAL PAID-IN CAPITAL (M AUD)

RETAINED EARNINGS (M AUD)

OTHER EQUITY (M AUD)OTHER EQUITY (M AUD)

UNREALIZED GAINS/LOSSES (M AUD)UNREAL. GAINS/LOSSES (M AUD)

EQUITY (M AUD)

LIABILITIES (M AUD)

PROVISIONS (M AUD)

OTHER SHORT-TERM LIABILITIES (M AUD)OTHER SHORT-TERM LIAB. (M AUD)

SHORT-TERM DEBTS (M AUD)SHORT-TERM DEBTS (M AUD)

SHORT-TERM PORTION OF LONG-TERM DEBTS (M AUD)LONG-TERM DEBT PORTION (M AUD)

SHORT-TERM RECEIVABLES (M AUD)SHORT-TERM REC. (M AUD)

LONG-TERM LIABILITIES (M AUD)LONG-T. LIAB. (M AUD)

DEFERRED TAXES (M AUD)

OTHER LIABILITIES (M AUD)OTHER LIAB. (M AUD)

LONG-TERM LIABILITIES (M AUD)LONG-T. LIABILITIES (M AUD)

DEBT (M AUD)

TOTAL CAPITAL (M AUD)

2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025

2.1	3.9	6.4	5.8	11.1	1.5	1.3	5.9	5.4	13.9	21.7	8.6	23.1	8.6	13	7.16	14.33	21.42	27.71	37.52	92.83	22.36	22.61	23.66	19.7	39.73
15.6	15.5	15	14.7	13.7	22.3	21.6	15.4	17.5	15.3	11.5	13.2	22	20.8	21.6	20.21	19.05	20.27	29.54	18.83	24.7	34.94	57.99	69.19	89.09	92.09
0	0.5	0.1	0	0.7	0.5	1.1	0.3	1.3	1.4	1	1.5	0.9	0.6	1.7	0.7	0.33	0.33	0.34	0.51	0.96	0.15	2.55	2.19	6.26	4.79
10.7	15.3	9.8	10.9	12.2	15.4	17.3	14.1	18.4	14.2	25.1	23.3	12	43.3	31.3	31.31	28.48	31.24	31.59	37.54	34.67	70.83	107.72	126.4	131.03	165.23
0.9	1.6	0.9	10.3	4.9	1.7	1.3	1.8	3.3	2.1	1.8	1.9	3.9	2.3	1.8	1.59	6.5	7.03	6.22	8.11	4.35	28.64	12.62	12.85	12.83	20.93
29.3	36.8	32.2	41.7	42.6	41.4	42.6	37.5	45.9	46.9	61.1	48.5	61.9	75.6	69.4	60.97	68.69	80.3	95.4	102.51	157.5	156.91	203.5	234.29	258.91	322.77
17.9	18.7	18.1	17.3	16.6	23.9	19.6	17.8	25	23.2	21.1	20.7	18.2	19.9	20.1	16.02	10.8	11.99	12.49	14.13	39.54	44.75	44.8	76.26	74.59	73.64
0	0	100	100	100	100	100	100	100	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.15	2.55	2.19	0	0
6.8	9.4	10.4	10.5	12.9	17.8	21.4	18.6	16.3	18.9	22.4	24.3	27.4	32.9	40.5	48.16	49.7	57.87	63.44	73.4	70.71	85.22	102.22	118.57	142.16	183.07
19.7	18.5	17.4	21.3	19.5	19.2	20.9	20.9	69.4	73.5	58.5	54	62.7	83.1	82.4	83.53	83.27	82.53	82.98	84.28	83.82	216.68	240.42	263.58	291.86	323.5
2.6	2.5	2.8	3	3.5	3.3	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.6	1.2	1.83
47	49.1	48.8	52.2	52.6	64.3	62	57.4	110.8	115.7	102.1	99	108.3	135.9	143	147.7	143.77	152.38	158.9	171.81	194.07	346.79	389.99	461.2	509.81	582.04
76.3	85.9	81	93.9	95.2	105.7	104.6	94.9	156.7	162.6	163.2	147.5	170.2	211.5	212.4	208.67	212.47	232.68	254.3	274.32	351.57	503.7	593.48	695.49	768.71	904.81

3.5	3.5	3.5	3.5	23	23	23.7	23.7	23.7	24.8	25.3	24.6	24.8	41.9	41.6	41.86	42.61	43.93	42.72	43.76	44.75	45.84	47.06	49.2	50.32	53.62
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
15.8	17.9	21.7	29.5	38.2	45.5	45.5	46.8	38.4	38.4	41.3	49.1	57.5	82.6	76.7	83.74	92.17	117.95	142.07	160.76	197.73	249.66	296.38	319.19	363.82	423.06
0	0	0	0	0	0	0	0	0	0.7	-1.6	-1.9	-2.9	0.3	2	2.66	4.06	3.02	3.16	6.57	4.91	7.99	24.19	37.58	32.34	47.15
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
19.3	21.4	25.2	33	61.2	68.5	69.2	70.5	62.1	63.9	65	71.8	79.4	124.8	120.3	128.26	138.83	164.9	187.95	211.09	247.38	303.5	367.64	405.97	446.48	523.83
9.5	12.3	14.2	15.1	15.1	20.2	15.1	12.7	18.1	17.4	27.4	26.4	35.9	27.6	23.4	25.1	30.28	36.62	45.73	43.95	47.04	105.58	92.54	82.52	96.75	130.47
0	0	0	0	0	0	0	0	0	0	2.6	2.6	2.9	6.3	5	5.29	5.1	5.57	5.85	6.24	6.24	9.77	10.14	10.09	10.32	11.96
3.8	4.1	7.5	15.3	11.9	5.5	3.4	5.3	5.8	4.1	11.1	6.7	7	17.3	1.5	1.55	3.82	17.73	8.12	3.64	13.88	20.2	14.93	39.77	41.65	44.08
2.1	0	0	0	0	1.1	1.4	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
13.5	11.5	8.2	5.4	0.3	2.3	11.5	2.4	0	0	0	0	0.1	0.2	0	0.04	0.01	0	0	0	3.78	6.95	4.59	5.99	6.69	7.53
28.9	27.9	29.9	35.8	27.3	29.1	31.4	20.4	23.9	21.5	41.1	35.7	45.9	51.4	29.9	31.97	39.21	59.92	59.7	53.83	70.94	142.51	122.2	138.36	155.4	194.04
23.9	32	20.4	19.1	0.3	0	0.1	0	67.6	73	52.1	34.2	39.2	33.6	59.9	42.51	26.92	0	0	0	26.78	49.17	77.65	119.4	134.36	153.2
2.4	3.1	3.7	4.1	4.1	5.5	1.7	1.9	0.5	1	1.6	2.2	1.2	0.3	1.6	5.2	6.81	7.24	5.99	8.08	4.73	7.02	9.48	7.32	8.25	10.37
1.8	1.7	1.8	2.1	2.1	2.4	2.2	2.1	2.8	3	3.5	3.5	4.5	1.5	0.7	0.64	0.61	0.52	0.54	1.19	1.78	1.25	13.65	21.89	23.77	23.37
28.1	36.8	25.9	25.3	6.5	7.9	4	4	70.9	77	57.2	39.9	44.9	35.4	62.2	48.35	34.34	7.76	6.54	9.27	33.29	57.44	100.78	148.61	166.38	186.94
57	64.7	55.8	61.1	33.8	37	35.4	24.4	94.8	98.5	98.3	75.6	90.8	86.8	92.1	80.32	73.54	67.68	66.24	63.1	104.22	199.95	222.98	286.97	321.78	380.98
76.3	86.1	81	94.1	95	105.5	104.6	94.9	156.9	162.4	163.3	147.4	170.2	211.6	212.4	208.57	212.38	232.58	254.18	274.19	351.61	503.44	590.61	692.94	768.26	904.81

Details

Balance Sheet

ⓘ

What Is the Balance Sheet?

The balance sheet is a financial snapshot of Codan at a specific point in time. It follows the fundamental equation: Assets = Liabilities + Shareholders' Equity. Unlike the income statement (which covers a period), the balance sheet tells you what the company owns, what it owes, and what belongs to shareholders at a given date.

Assets

Current assets (cash, receivables, inventory) can be converted to cash within 12 months and indicate short-term liquidity. Non-current assets (property, equipment, intangible assets, goodwill) represent long-term investments. A high proportion of cash and short-term investments gives Codan financial flexibility to weather downturns, fund acquisitions, or return capital to shareholders.

Liabilities

Current liabilities (accounts payable, short-term debt) are obligations due within one year. Non-current liabilities (long-term debt, pension obligations) are due further out. Key ratio to watch: the debt-to-equity ratio (Total Debt ÷ Shareholders' Equity). A ratio below 1.0 is generally healthy, meaning the company is funded more by equity than debt. Highly leveraged companies amplify both gains and losses.

Shareholders' Equity

Equity is the residual value belonging to shareholders after all debts are paid. It includes retained earnings (accumulated profits not paid out as dividends) and paid-in capital. Rising equity year over year is a positive sign — it means Codan is building book value. Declining equity, especially when driven by losses or heavy share buybacks funded by debt, warrants closer scrutiny.

Key Ratios to Derive

From the balance sheet, you can calculate the current ratio (current assets ÷ current liabilities; above 1.5 is comfortable), book value per share (equity ÷ shares outstanding), and return on equity (net income ÷ equity; above 15 % is strong). Tracking these ratios over time reveals whether Codan is strengthening or weakening its financial position.

NET INCOME (M AUD)

DEPRECIATION AND AMORTIZATION M AUDDEPRECIATION (M AUD)

DEFERRED TAXES (M AUD)

CHANGES IN WORKING CAPITAL (M AUD)CHANGES IN WORKING CAPITAL (M AUD)

NON-CASH ITEM (M AUD)

PAID INTEREST (M AUD)

PAID TAXES (M AUD)

Net Cash Flow from Operating Activities (M AUD)NET CASH FLOW FROM OPERATING ACTIVITIES (M AUD)

CAPITAL EXPENDITURES (M AUD)

CASH FLOW FROM INVESTING ACTIVITIES (M AUD)CASH FLOW FROM INVESTING ACTIVITIES (M AUD)

CASH FLOW FROM OTHER INVESTING ACTIVITIES (M AUD)CASH FLOW FROM OTHER INVESTING ACTIVITIES (M AUD)

INTEREST INCOME AND EXPENSES (M AUD)

NET DEBT CHANGE (M AUD)NET DEBT CHANGE (M AUD)

Net change in equity (M AUD)NET CHANGE IN EQUITY (M AUD)

CASH FLOW FROM FINANCING ACTIVITIES (M AUD)CASH FLOW FROM FINANCING ACTIVITIES (M AUD)

OTHER ITEMS OF FINANCING CASH FLOWS (AUD)CASH FLOW FROM OTHER FINANCING ACTIVITIES (AUD)

TOTAL DIVIDENDS PAID (M AUD)

NET CHANGE IN CASH FLOW (M AUD)

FREE CASH FLOW (M AUD)

SHARE-BASED COMPENSATION (M AUD)

2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	90	100	67	0	0
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7	12	12	0	0
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	6	0	4	0	1
-2	-2	-2	-1	0	0	0	0	-2	-4	-3	-3	-3	-1	-2	-2	-2	0	0	0	0	-1	-1	-5	-9	-12
-2	-4	-4	-3	-6	-7	-5	-2	-4	-3	-2	-11	-10	-10	-12	0	0	-1	-22	-20	-17	-36	-38	-10	-20	-24
8	9	27	21	25	17	7	28	17	25	51	26	40	36	11	30	47	75	48	62	103	131	51	79	106	146
-4	-4	-6	-6	-11	-19	-7	-3	-5	-9	-11	-13	-15	-19	-18	-18	-18	-23	-22	-25	-22	-22	-34	-49	-50	-62
-3	-4	-6	-10	-7	-20	-7	-3	-72	-13	-11	-7	-12	-42	-18	-13	-18	-23	-22	-25	-19	-182	-19	-53	-87	-98
0	0	0	-3	3	-1	0	0	-66	-4	0	5	2	-22	0	5	0	0	0	0	3	-159	14	-4	-37	-35
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
6	6	-14	-3	-23	1	9	-9	65	5	-21	-16	1	-5	26	-17	-15	-26	0	0	-2	19	20	18	13	15
0	0	0	0	18	0	0	0	0	1	0	0	0	16	0	0	0	0	0	0	0	0	0	0	0	0
-3	-1	-17	-10	-12	-7	0	-19	54	-3	-32	-31	-12	-9	11	-23	-22	-44	-19	-26	-29	-19	-32	-25	-22	-28
-	-	-	-1.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
-10	-7	-2	-6	-7	-8	-9	-10	-10	-10	-11	-13	-14	-20	-15	-5	-7	-17	-19	-26	-26	-38	-53	-43	-36	-44
14	20	35	25	37	13	12	37	23	42	65	27	68	34	30	27	57	84	77	92	177	98	91	97	132	202
4.67	4.95	20.22	14.3	13.95	-2.08	-0.14	25.54	11.64	16.21	40.06	12.61	24.45	16.32	-7.42	11.87	29.49	51.92	25.75	36.42	80.99	108.35	17.56	30.51	55.67	84.21
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

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Codan Stock Quarterly Figures

REVENUE (M AUD)

REVENUE GROWTH (%)

GROSS MARGIN (%)

GROSS INCOME (M AUD)

NET INCOME (M AUD)

NET INCOME GROWTH (%)

DIVIDEND (AUD)DIV. (AUD)

DIVIDEND GROWTH (%)DIV. GROWTH (%)

SHARES (M)

2003 Q2	2003 Q4	2004 Q2	2004 Q4	2005 Q2	2005 Q4	2006 Q2	2006 Q4	2007 Q2	2007 Q4	2008 Q2	2008 Q4	2009 Q2	2009 Q4	2010 Q2	2010 Q4	2011 Q2	2011 Q4	2012 Q2	2012 Q4	2013 Q2	2013 Q4	2014 Q2	2014 Q4	2015 Q2	2015 Q4	2016 Q2	2016 Q4	2017 Q2	2017 Q4	2018 Q2	2018 Q4	2019 Q2	2019 Q4	2020 Q2	2020 Q4	2021 Q2	2021 Q4	2022 Q2	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q2	2024 Q4	2025 Q2	2025 Q4	2026 Q2e	2026 Q4e	2027 Q2e	2027 Q4e
53	59	63	74	61	64	56	60	62	59	49	60	71	61	89	99	83	85	63	97	128	105	61	71	68	75	65	104	103	122	94	135	128	142	170	177	194	242	256	249	105	211	122	244	265	284	305	368	397	428	425	462
–	11.32	6.78	17.46	-17.57	4.92	-12.50	7.14	3.33	-4.84	-16.95	22.45	18.33	-14.08	45.90	11.24	-16.16	2.41	-25.88	53.97	31.96	-17.97	-41.90	16.39	-4.23	10.29	-13.33	60.00	-0.96	18.45	-22.95	43.62	-5.19	10.94	19.72	4.12	9.60	24.74	5.79	-2.73	-57.83	100.95	-42.18	100.00	8.61	7.17	7.39	20.66	7.88	7.81	-0.70	8.71
47.17	49.15	46.03	51.35	45.90	48.44	41.07	45.00	43.55	42.37	42.86	46.67	47.89	44.26	51.69	51.52	51.81	55.29	60.32	59.79	61.72	60.95	50.82	45.07	52.94	56.00	53.85	56.73	61.17	59.02	57.45	57.04	57.03	55.63	55.29	57.63	53.61	57.02	57.03	55.82	55.24	55.45	53.28	53.69	55.09	55.99	56.39	55.98	51.89	48.13	48.47	44.59
25	29	29	38	28	31	23	27	27	25	21	28	34	27	46	51	43	47	38	58	79	64	31	32	36	42	35	59	63	72	54	77	73	79	94	102	104	138	146	139	58	117	65	131	146	159	172	206	206	206	206	206
5	6	7	8	8	8	4	4	6	4	4	-3	6	5	13	0	14	7	9	13	26	18	4	4	5	6	6	9	22	21	15	25	22	23	30	33	41	49	50	50	15	30	18	36	38	43	46	57	71	78	75	86
–	20.00	16.67	14.29	–	–	-50.00	–	50.00	-33.33	–	-175.00	-300.00	-16.67	160.00	–	–	-50.00	28.57	44.44	100.00	-30.77	-77.78	–	25.00	20.00	–	50.00	144.44	-4.55	-28.57	66.67	-12.00	4.55	30.43	10.00	24.24	19.51	2.04	–	-70.00	100.00	-40.00	100.00	5.56	13.16	6.98	23.91	24.56	9.86	-3.85	14.67
-	-	-	-	-	-	-	-	-	-	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.21	-	0.13	-	-	-	-	-	-	-	-	-
–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
142.8	185.5	146.3	159	162	162.1	162	162	162	162	161.5	162.6	162	163.3	164.1	166.6	164.1	165.3	164.1	166.2	173.3	178.8	176.9	178.8	177	179	177.1	177.1	177.2	181.83	177.78	182.18	180.05	179.39	180.97	179.84	181.09	181.32	181.21	181.42	180.8	180.8	182	182	182	181.63	181.99	182.48	182.48	182.48	182.48	182.48

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Income Statement Key Figures

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Revenue and Revenue Growth

Gross Margin

EBIT and EBIT Margin

Net Income and Earnings Per Share (EPS)

Shares Outstanding

Analyst Estimates

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Codan stock margins

The Codan margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Codan. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Codan.

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Gross margin

EBIT margin

Profit margin

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Codan Stock Sales Revenue, EBIT, Earnings per Share

The Codan earnings per share therefore indicates how much revenue Codan has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Sales per Share

EBIT per share

Earnings per Share

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Codan business model

Codan Limited is an Australian company specializing in the development and production of radio communication systems and metal detectors. The company was founded in Adelaide, Australia in 1959 and initially focused on developing radio communication systems for agriculture and other industries. In the 1980s, Codan expanded into markets outside of Australia and began offering a wider range of products. Today, the company has branches in North America, Europe, the Middle East, and Africa, and is one of the leading providers of radio communication systems and metal detectors worldwide. Codan's business model is focused on manufacturing high-quality and reliable devices for communication and metal detection. The company produces devices for professional use, such as for government agencies, military, commercial companies, as well as for the leisure sector. Codan's divisions can be divided into two main categories: communication systems and metal detectors. In the field of communication systems, the company offers a variety of devices including two-way radios, data radios, satellite communication devices, and transmission systems. These devices are typically custom-made according to customer requirements. In the metal detector sector, Codan is a global leader and offers a wide range of professional-grade products including ground search devices, hand detectors, security detectors, and probes. Codan's metal detectors are used in various fields including archaeology, mining, security, and search and rescue operations. In addition to the aforementioned divisions, Codan also offers services such as repair, maintenance, and technical support to ensure that customers receive the best possible service at all times. Some of Codan's product highlights include the Codan NGT series HF two-way radios, which offer a wide range of advanced features including dynamic noise suppression, one-button operation, and full encryption capability. Another product line from Codan is the MT series of metal detectors, which are known for their high sensitivity, lightweight design, and ease of use. In summary, Codan Limited is a leading company specializing in the development and manufacturing of radio communication systems and metal detectors, catering to both professional and leisure sectors. With a wide range of products and services, as well as highly skilled employees, Codan aims to provide customers with the best and most reliable devices at all times.

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Codan SWOT Analysis

Strengths

Codan Ltd possesses several key strengths that contribute to its success:

Strong market position: Codan Ltd has established itself as a leader in its industry, enjoying a strong market presence.
Diverse product offerings: The company offers a wide range of products, catering to various customer needs and preferences.
Effective supply chain management: Codan Ltd has a well-developed supply chain system, ensuring timely delivery of products and reducing operational costs.
Innovation and technology: The company invests heavily in research and development, allowing it to develop innovative products and stay ahead of competitors.

Weaknesses

Despite its strengths, Codan Ltd also faces certain weaknesses that pose challenges:

Dependence on key markets: The company heavily relies on specific markets, making it vulnerable to economic fluctuations and regulatory changes in those regions.
Limited brand recognition: Codan Ltd may struggle to compete with well-established brands that have higher brand awareness and customer loyalty.
Narrow geographic reach: The company's operations are concentrated in a few regions, limiting its access to potential markets and growth opportunities in other areas.
Relatively high production costs: Codan Ltd's production costs are comparatively higher, impacting its ability to offer competitive pricing.

Opportunities

Several opportunities exist for Codan Ltd to further expand and improve its business:

Growing demand for innovative technology: As the demand for advanced technology increases, Codan Ltd can capitalize on this trend by developing new solutions and expanding its product portfolio.
Expansion into new markets: By entering new geographic markets, Codan Ltd can tap into untapped customer segments and diversify its revenue streams.
Strategic partnerships: Collaborating with complementary businesses or forming partnerships can enhance Codan Ltd's capabilities and market reach.
Increasing emphasis on cybersecurity: With the rise in cyber threats, Codan Ltd can leverage its expertise to offer cybersecurity solutions, catering to the growing market needs.

Threats

Several external factors pose threats to Codan Ltd's business and may hinder its growth:

Intense competition: The industry Codan Ltd operates in is highly competitive, with the presence of numerous players vying for market share.
Economic downturns: Economic fluctuations and recessions can adversely impact consumer spending, affecting demand for Codan Ltd's products.
Technological advancements by competitors: Competitors introducing superior technology can potentially undermine Codan Ltd's market position.
Changing regulatory landscape: Evolving regulations and compliance requirements can increase operational costs and limit Codan Ltd's flexibility.

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Codan Eulerpool Fair Value

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Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

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Codan historical P/E ratio, EBIT multiple, and P/S ratio

Details

Historical Valuation Multiples

ⓘ

Price-to-Earnings Ratio (P/E)

The P/E ratio divides Codan's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates Codan's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots Codan's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if Codan grows earnings faster than its peers.

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Codan annual returns

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Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

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Codan shares outstanding

The number of shares was Codan in 2025 — This indicates how many shares 182.235 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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Number of stocks

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Codan Dividend History

22 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments

20250.41AUD↑ 26.7%2×

Feb 28, 20250.18AUD↑ 4.2%1/2

Sep 2, 20250.23AUD↑ 28.0%2/2

20240.32AUD↑ 21.6%2×

20230.26AUD↓ 33.9%2×

20220.4AUD↑ 3.7%2×

20210.39AUD↑ 45.9%2×

20200.26AUD↑ 105.6%2×

20190.13AUD↑ 5.9%2×

20180.12AUD↑ 21.4%2×

20170.1AUD↑ 16.7%2×

20160.09AUD↑ 71.4%2×

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Codan dividend history and estimates

In 2025, Codan paid a dividend amounting to 0.41 AUD. Dividend means that Codan distributes a portion of its profits to its owners.

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Dividend

Dividend (Estimate)

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Codan dividend payout ratio

In 2025, Codan had a payout ratio of 73.76%. The payout ratio indicates the percentage of the company's profits that Codan distributes as dividends.

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Payout ratio

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Unfortunately, there are currently no price targets and forecasts available for Codan.

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Codan Earnings Estimates

Date	EPS estimate	Revenue Estimate	Quarterly report
2/14/2024	0.21AUD	253.01 MAUD	2024 Q2
8/16/2023	0.19AUD	222.28 MAUD	2023 Q4
2/15/2023	0.15AUD	205.03 MAUD	2023 Q2
8/18/2022	0.28AUD	252.73 MAUD	2022 Q4
2/17/2022	0.27AUD	289.28 MAUD	2022 Q2
8/19/2021	0.29AUD	259.64 MAUD	2021 Q4
2/18/2021	0.23AUD	187.42 MAUD	2021 Q2
8/20/2020	0.18AUD	164.94 MAUD	2020 Q4
2/20/2020	0.17AUD	172.85 MAUD	2020 Q2
8/26/2019	0.13AUD	131.54 MAUD	2019 Q4
2/20/2019	0.12AUD	113.07 MAUD	2019 Q2
8/24/2018	0.13AUD	128.14 MAUD	2018 Q4
8/31/2017	0.13AUD	118.7 MAUD	2017 Q4

EESG©

Eulerpool ESG Scorecard© for the Codan stock

74/100

Environment

Social

Governance

Environment

Scope 1 - Direct Emissions1,485

Scope 2 - Indirect emissions from purchased energy1,037

Scope 3 - Indirect emissions within the value chain51,835

Total CO₂ emissions2,522

CO₂ reduction strategy

Coal energy

Nuclear power

Animal experiments

Fur & Leather—

Pesticides—

Palm Oil—

Tobacco

Genetically modified organisms

Climate concept—

Sustainable forestry—

Recycling regulations

Environmentally friendly packaging

Hazardous substances

Fuel consumption and efficiency

Water consumption and efficiency

Social

Percentage of female employees24

Percentage of women in management—

Percentage of Asian employees—

Share of Asian management—

Percentage of Hispanic/Latino employees—

Hispano/Latino Management share—

Percentage of Black employees—

Black Management Share—

Percentage of white employees—

White Management Share—

Adult content

Alcohol

Weapons—

Firearms

Gambling

Military contracts

Human rights concept

Privacy concept—

Occupational health and safety

Catholic

Governance (Corporate Governance)

Environmental reporting

Stakeholder Engagement

Call Back Policies

Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

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Codan shareholders

%	Name	Stocks	Change	Date
19.10075%	Estate of Ian Baker Wall	34,808,151		8/22/2024
10.29584%	Dareel Pty. Ltd.	18,762,576		8/22/2024
3.63682%	Kynola Pty. Ltd.	6,627,548		8/22/2024
3.51428%	Starform Pty. Ltd.	6,404,224		8/22/2024
1.95469%	Bettison (Andrew)	3,562,124		8/22/2024
1.67943%	The Vanguard Group, Inc.	3,060,507		7/31/2025
1.31698%	Heard (Michael Kenneth)	2,400,000		8/22/2024
1.21829%	Vanguard Investments Australia Ltd.	2,220,148	+2,860	6/30/2025
1.00098%	Dimensional Fund Advisors, L.P.	1,824,140	+22,736	7/31/2025
0.85059%	Norges Bank Investment Management (NBIM)	1,550,073	-127,910	12/31/2024
0.84690%	DFA Australia Ltd.	1,543,353		6/30/2025
0.79522%	BetaShares Capital Ltd.	1,449,167	+39,216	7/31/2025
0.77381%	BlackRock Institutional Trust Company, N.A.	1,410,154	+42,152	7/31/2025
0.76827%	Uhrig (John A.)	1,400,048	+35,200	8/22/2024
0.60760%	Cedara Pty. Ltd.	1,107,254		8/22/2024
0.60760%	Rosevine Pty. Ltd.	1,107,254		8/22/2024
0.56191%	Bettison (Giles)	1,024,000	-5,485	8/22/2024
0.50766%	Eley Griffiths Group Pty. Ltd.	925,130	+210,397	4/30/2025
0.50469%	Pendal Group Limited	919,724		3/31/2024
0.43899%	Warren Glen Pty. Ltd.	800,000		8/22/2024
0.41132%	Pinara Group Pty. Ltd.	749,564	+749,564	8/22/2024
0.21822%	BlackRock Investment Management (Australia) Ltd.	397,680	-15,889	6/30/2025
0.20704%	Macquarie Investment Management Global Ltd.	377,296	+4,233	12/31/2024
0.18311%	Florida State Board of Administration	333,688	+38,674	3/31/2025
0.16139%	State Street Global Advisors Australia Ltd.	294,104	-2,403	6/30/2025
0.15690%	Mellon Investments Corporation	285,922	-12,365	7/31/2025
0.14045%	California Public Employees' Retirement System	255,942	+36,708	6/30/2024
0.11079%	VanEck Australia Pty Ltd.	201,889	-15,717	3/31/2025
0.10205%	Charles Schwab Investment Management, Inc.	185,969	+344	7/31/2025
0.09936%	Dimensional Fund Advisors, Ltd.	181,077		6/30/2025
0.09004%	MLC Asset Management	164,082	-740	3/31/2025
0.08605%	Nuveen LLC	156,810	-2,391	4/30/2025
0.07251%	Barton (Michael)	132,130	-71,945	6/30/2024
0.07014%	BlackRock Investment Management (UK) Ltd.	127,824		4/30/2025
0.06791%	Barclay (Graeme Rodger Crawford)	123,752		2/26/2025
0.05730%	California State Teachers Retirement System	104,419	-7,222	6/30/2024
0.05667%	Sangster (Paul)	103,268	+17,536	6/30/2024
0.05119%	BlackRock Advisors (UK) Limited	93,283	+968	7/31/2025
0.04739%	Geode Capital Management, L.L.C.	86,357	+5,451	6/30/2025
0.04243%	BlackRock Asset Management Canada Limited	77,331		7/31/2025
0.04163%	UBS Asset Management (UK) Ltd.	75,873		4/30/2025
0.03921%	UBS Fund Management (Switzerland) AG	71,447	-1,983	5/31/2025
0.03591%	Mackenzie Investments	65,437	+12,855	3/31/2025
0.03319%	French (Scott)	60,484	+22,058	6/30/2024
0.03059%	State Street Global Advisors (US)	55,739	+206	7/31/2025
0.02431%	Handelsbanken Kapitalförvaltning AB	44,304		6/30/2025
0.02256%	Ianniello (Alfonzo)	41,120		11/8/2024
0.02151%	Parametric Portfolio Associates LLC	39,191		5/31/2025
0.01899%	State Street Global Advisors (UK) Ltd.	34,612		7/31/2025
0.01852%	Zürcher Kantonalbank (Asset Management)	33,750		6/30/2025
0.01851%	Mercer Global Investments Management Ltd	33,738		4/30/2024
0.01716%	Teachers Advisors, LLC	31,275		6/30/2025
0.01536%	Gramp (Kathryn Joy)	28,000		2/26/2025
0.01527%	AXA Investment Managers UK Ltd.	27,835	-17,745	6/30/2025
0.01403%	RAM Active Investments S.A.	25,560	-15,141	6/30/2025
0.01236%	KLP Kapitalforvaltning AS	22,523		4/30/2025
0.01187%	MLC Investments Limited	21,627	-284	3/31/2025
0.01070%	Mackay-Cruise (Heith)	19,500		2/26/2025
0.01070%	Tredje AP Fonden	19,493	+19,493	12/31/2024
0.01004%	Thrivent Asset Management, LLC	18,304	+18,304	5/31/2025
0.00968%	CI Global Asset Management	17,644	+438	7/31/2025
0.00906%	Legal & General Investment Management Ltd.	16,519		6/30/2025
0.00823%	BlackRock (Luxembourg) S.A.	15,004		3/31/2025
0.00713%	Adam-Gedge (Sarah Elizabeth)	13,000		2/26/2025
0.00712%	AllianceBernstein L.P.	12,971		6/30/2025
0.00664%	Connor, Clark & Lunn Investment Management Ltd.	12,101	+3,547	3/31/2025
0.00476%	LLB Asset Management AG	8,671		6/30/2025
0.00463%	Pictet Asset Management Ltd.	8,435		2/28/2025
0.00462%	UBS Asset Management Switzerland AG	8,418		7/31/2025
0.00355%	Northern Trust Investments, Inc.	6,464	+202	7/31/2025
0.00323%	State Street Global Advisors Ireland Limited	5,882		11/30/2024
0.00308%	UBS Asset Management (Switzerland)	5,621		4/30/2025
0.00283%	Lazard Asset Management, L.L.C.	5,162	-9,723	6/30/2025
0.00263%	DWS Investment GmbH	4,794		7/31/2025
0.00243%	BlackRock International Ltd.	4,430	+1,218	7/31/2025
0.00238%	Harris Associates L.P.	4,339		6/30/2025
0.00160%	Global X Management (AUS) Limited	2,919	+2,574	9/30/2024
0.00153%	Victory Capital Management Inc.	2,783	-27,810	6/30/2025
0.00140%	Dimensional Fund Advisors Canada ULC	2,543		3/31/2025
0.00123%	HSBC Global Asset Management (UK) Limited	2,246		6/30/2025
0.00118%	Invesco Capital Management LLC	2,150	+8	6/30/2025
0.00082%	BIMB Investment Management Berhad	1,500	+1,500	4/30/2025
0.00082%	Milliman Financial Risk Management, LLC	1,490		7/31/2025
0.00076%	Harvey (Ben)	1,389	+1,389	6/30/2024
0.00021%	TD Asset Management Inc.	388	+388	12/31/2024
0.00013%	American Century Investment Management, Inc.	230	-937	7/31/2025
0.00010%	Segall Bryant & Hamill, LLC	174		5/31/2025
0.00006%	FIL Investment Management (Hong Kong) Limited	111	+11	6/30/2025
%	Velten Asset Management GmbH		-3,913	5/31/2025
%	Maybank Asset Management Singapore Pte. Ltd.		-55,247	6/30/2025
%	T. Bailey Asset Management Ltd.		-59,668	3/31/2024
%	First Trust Advisors L.P.		-1,955	4/30/2025
%	Hillsdale Investment Management Inc.		-5,670	5/31/2025
%	SEI Investments Canada		-11,379	3/31/2025
%	Acadian Asset Management LLC		-12,192	1/31/2025
%	Schroder Investment Management Ltd. (SIM)		-4,659	9/30/2024
%	AXA Investment Managers Paris		-57,784	2/28/2025
%	PGGM Vermogensbeheer B.V.		-152,357	12/31/2024
%	Wellington Management Company, LLP		-115,040	6/30/2025
%	Eaton Vance Management		-6,016	11/30/2024

...

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Codan Executives and Management Board

Mr. Alfonzo Ianniello

(51)

Chief Executive Officer, Managing Director, Executive Director · since 2022

Compensation1.47 MAUD

Compensation1.47 M AUD

Mr. Scott French

President and Executive General Manager of Zetron

1.32 MAUD

Compensation1.32 M AUD

Mr. Paul Sangster

President and Executive General Manager - Tactical Communications

1.27 MAUD

Compensation1.27 M AUD

Mr. Ben Harvey

President and Executive General Manager - Minelab

899,265AUD

Compensation899,265 AUD

Mr. Michael Barton

Chief Financial Officer, Company Secretary

661,025AUD

Compensation661,025 AUD

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Codan Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite

28 companies

#	Name	1M	3M	6M	1Y	2Y
1	Dell Technolges C	-0,29	0,35	0,80	0,87	0,88
2	JVCKENWOOD	-0,07	-0,22	-0,30	0,88	0,71
3	BK Technologies	0,07	0,17	-0,26	0,79	0,65
4	Comtech Telecom	-0,01	0,50	0,90	0,69	0,65
5	T-Mobile US	0,20	-0,03	-0,71	0,67	0,63

#	Name	1M	3M	6M	1Y	2Y
1	ORBCOMM Inc. Supplier	0,31	0,03	-0,53	-0,92	—
2	Sydney Airport	0,30	-0,47	-0,85	-0,92	—
3	Etherstack CDIs	-0,14	-0,38	0,51	0,94	—
4	Exelon	0,42	-0,28	-0,86	-0,90	-0,43
5	Lockheed Martin	0,01	-0,34	-0,90	-0,40	-0,31

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Codan Research

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Most common questions regarding Codan

The main competitors of Codan Ltd in the market include major players such as Motorola Solutions Inc., Harris Corporation, and Icom Incorporated. These companies operate in the same industry as Codan Ltd, manufacturing and providing innovative communication solutions and equipment. By consistently delivering high-quality products and services, Codan Ltd remains competitive in the market and strives to differentiate itself through technological advancements and customer-centric approach.

Codan Ltd is an Australian company based in Melbourne that has been successfully operating in the fields of communication, security, and entertainment for over 60 years. They have evolved from being a simple producer of radios to a leading provider of secure and robust communication and security solutions that support employees in their work and can save lives. Codan operates in three business areas: electronics, metal processing, and security. In the electronics sector, they offer wireless communication solutions and high-frequency (HF) systems for military and civilian applications. These high-tech radios are designed for durability and can handle various challenges, from the desert to the Arctic. Codan also provides HF antennas and accessories, mobile and stationary transceiver units, automatic tuning systems, and power supply units. In the metal processing sector, Codan produces metal alloys and components for various industries, including mining, aviation, and defense. They specialize in manufacturing alloys and components that have high strength and corrosion resistance and can be used in demanding environments. This includes alloys and components used in airplanes, satellites, and rockets. The security business area includes a variety of products, including security systems, alarm systems, and surveillance cameras. Codan's goal is to solve customers' security-related challenges from A to Z - from planning and installation of security systems, deploying personnel and technology, to maintenance and remote monitoring. They offer customized solutions for a wide range of industries, from banks to gold mines. Codan has strengthened its position in core business areas through acquisitions and is continuously looking for new opportunities to expand its portfolio. Recently, they announced the acquisition of the Diversified Communications Group (DCG), a leading provider of digital radio and networking solutions, to strengthen their position in the wireless communication solutions sector. Codan focuses on high-quality products, customer-centric service, sustainable business practices, and innovative technologies. The company has received numerous awards for successful innovation and sustainable value creation. Codan remains at the forefront of the industry and looks towards a successful future.

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Fair ValuePRO

33.2 AUD

Over-/UndervaluationPRO

18.0% undervalued

Expected Return

23.26 %

Sector

Information technology

Industry

Electronic Equipment and Instruments

Number of shares

182,234,500

Employees

450

Revenue per Employee

1.5 M AUD

Revenue growth Ø5 years

9.06 %

EBIT growth Ø5 years

0.88 %

Net Income growth Ø5 years

2.75 %

Website codan.com.au

Country

Australia 🇦🇺

Currency

AUD

Initial public offering

Nov 27, 2003

ISIN

AU000000CDA3

Cusip

Q2595M100

Sedol

6712611

Market capitalization

6.23 B AUDMid Cap

52-Week Range

34.27–37.13AUD

Codan Directors Dealings

Quality Investing

Details

9 / 10

Sales growth (10Y) > 5%

Revenue growth (3Y) > 5 %

EBIT growth (10Y) > 5%

EBIT growth (3Y) > 5 %

Net debt < 4x EBIT

Profitable since 10Y+

EBIT Drawdown (10Y) < 50%

Return on Equity (ROE) > 15%

ROCE > 15%

Return Expectation > 10%

PEG

6.41

P/E ratio

64.24

P/Ee 2026

45.59

P/Ee 2027

38.56

P/Ee 2028

33.63

P/Ee 2029

32.25

P/Ee 2030

27.98

P/S

9.86

P/Se

8.14

EV/EBIT

43.32

P/B Ratio

11.89

ROE (Return on Equity)

19.76 %

ROA (Return on Assets)

11.44 %

ROCE (Return on Capital Employed)

27.99 %

ROIC (Return on Invested Capital)

16.05 %

Gross Margin

56.18 %

EBIT Margin

21.75 %

Net Margin

15.35 %

EPS (Earnings Per Share)

0.57 AUD

Net Debt / EBIT

0.83

Debt/Equity

0.31

Dividend

0.41 AUD

Dividend yield

1.12 %

Est. Dividend Yield

0.63 %

Payout Ratio

73.76 %

Dividend growth Ø5Y

1.09 %

Dividend payments per year

Dividend paid since

20 years+

Dividend not reduced since

2 years

Dividend increased since

2 years

Dividend withholding tax

30 %

Last updated Mar 14, 2026, 5:22 AM

Codan Peer Group

Catapult Sports Ltd

NOVONIX Ltd

Harvest Technology Group Ltd

Redflex Holdings Ltd

Seeing Machines Ltd

Ava Risk Group Ltd

Codan Ticker

ASX · CDA.AXPNK · CODAF

Codan FIGI

CDA:AU · BBG000C0YHF4CDA:AT · BBG000C0YHP3CDA:AH · BBG002F3HF37CODAF:US · BBG003CG2W56CODAF:PQ · BBG003CG2WL8CODAF:UV · BBG003CG2WN6CDAAUD:XS · BBG0185PFX83CDAAUD:X2 · BBG0185PFX92CDAAUD:XH · BBG0185PFXC8CDAAUD:XF · BBG0185PFXF5CDAAUD:XE · BBG0185PFXH3CDAAUD:XJ · BBG0185PFXJ1CDAAUD:XL · BBG0185PFXK9CDAAUD:XG · BBG0185PFXL8CDAAUD:XO · BBG0185PFXM7CDAAUD:XA · BBG0185PFXR2CDAAUD:E1 · BBG0185PFXS1CDAAUD:XT · BBG0185PFXT0CDAAUD:XW · BBG0185PFXV7CDAAUD:XU · BBG0185PFXW6CDAAUD:XV · BBG0185PFXY4CDAAUD:XM · BBG0185PFXZ3CDAAUD:XQ · BBG0185PFY09CDAAUD:XX · BBG0185PFY18CDAAUD:XZ · BBG0185PFY27CDAAUD:X1 · BBG0185PFY45CDAAUD:EU · BBG0185PFY72

All fundamentals about Codan

Our stock analysis for Codan Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Codan Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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