How to buy Codan shares

Codan Limited is a scientific & technical instruments business based in Australia. Codan shares (CDA) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Codan has a trailing 12-month revenue of around $348 million.

How to buy shares in Codan

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Codan. Find the share by name or ticker symbol: CDA. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Codan reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $N/A, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Codan. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Codan share price

Use our graph to track the performance of CDA stocks over time.

Codan shares at a glance

• Key figures

Information last updated 2020-09-25.

52-week range	AUDA$4.36 - AUDA$11.49
50-day moving average	AUDA$10.1722
200-day moving average	AUDA$7.5845
Target price	AUDA$3.42
PE ratio	30.7365
Dividend yield	AUDA$0.22 (1.99%)
Earnings per share (TTM)	AUDA$0.353

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Codan stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Codan Limited by TradingView

Is Codan under- or over-valued?

Valuing Codan stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Codan's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Codan's P/E ratio

Codan's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 31x. In other words, Codan shares trade at around 31x recent earnings.

That's comparable to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14).

Codan's EBITDA

Codan's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $102.1 million.

The EBITDA is a measure of a Codan's overall financial performance and is widely used to measure a its profitability.

Codan financials

Revenue TTM	$348 million
Operating margin TTM	28.06%
Gross profit TTM	$196.5 million
Return on assets TTM	19.5%
Return on equity TTM	27.9%
Profit margin	18.33%
Book value	1.374
Market capitalisation	$2 billion

TTM: trailing 12 months

Codan share dividends

Dividend payout ratio: 35.41% of net profits

Recently Codan has paid out, on average, around 35.41% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.99% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Codan shareholders could enjoy a 1.99% return on their shares, in the form of dividend payments. In Codan's case, that would currently equate to about A$0.22 per share.

While Codan's payout ratio might seem fairly standard, it's worth remembering that Codan may be investing much of the rest of its net profits in future growth.

The latest dividend was paid out to all shareholders who bought their shares by 26 August 2020 (the "ex-dividend date").

Codan share price volatility

Over the last 12 months, Codan's shares have ranged in value from as little as $4.36 up to $11.49. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Codan's is 0.8675. This would suggest that Codan's shares are less volatile than average (for this exchange).

Codan overview

Codan Limited develops rugged and electronics solutions for organizations, mining companies, security and military groups, and governments worldwide. It operates through three segments: Communications Equipment, Metal Detection, and Tracking Solutions. The company designs, develops, manufactures, and markets communications equipment for tactical and land mobile radios. It also designs, develops, manufactures, and markets metal detection equipment, including handheld metal detecting technologies for recreational, gold mining, and demining markets. In addition, the company engages in the design, manufacture, maintenance, and support of a range of electronic products and associated software for the mining sector. It provides tracking solutions, which enable real-time monitoring and control of mining operations, for underground hard-rock mines. Further, the company offers manufacturing and support services to the Australian defense industry. It serves its customers through a network of dealers, distributors, and agents. Codan Limited was founded in 1959 and is headquartered in Mawson Lakes, Australia.

Frequently asked questions

• What percentage of Codan is owned by insiders or institutions?

  Currently 48.129% of Codan shares are held by insiders and 10.229% by institutions.

• When does the fiscal year end for Codan?

  Codan's fiscal year ends in June.

• Where is Codan based?

  Codan's address is: Technology Park, Mawson Lakes, SA, Australia, 5095

• What is Codan's ISIN number?

  Codan's international securities identification number is: AU000000CDA3