How to buy Codan shares
Own Codan shares in just a few minutes.
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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 in Australian Dollars. Codan has a trailing 12-month revenue of around $371.5 million. If you're looking to buy shares, check out the steps below.
How to buy shares in Codan
- 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.
- 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.
- 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.
- 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.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- 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 priceUse our graph to track the performance of CDA stocks over time.
Codan shares at a glance
|52-week range||$6.0067 - $19.43|
|50-day moving average||$17.7805|
|200-day moving average||$14.3094|
|Dividend yield||$0.215 (1.18%)|
|Earnings per share (TTM)||$0.413|
Compare share trading platforms
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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.
Codan price performance over time
|1 week (2021-06-08)||-0.71%|
|1 month (2021-05-14)||8.03%|
|3 months (2021-03-15)||15.51%|
|6 months (2020-12-15)||89.67%|
|1 year (2020-06-15)||180.83%|
|2 years (2019-06-14)||467.81%|
|3 years (2018-06-15)||522.26%|
|5 years (2016-06-15)||1,459.66%|
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 44x. In other words, Codan shares trade at around 44x recent earnings.
That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Codan's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $119.7 million.
The EBITDA is a measure of a Codan's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$371.5 million|
|Operating margin TTM||30.91%|
|Gross profit TTM||$196.5 million|
|Return on assets TTM||20.53%|
|Return on equity TTM||30.19%|
|Market capitalisation||$3.3 billion|
TTM: trailing 12 months
Codan share dividends
Dividend payout ratio: 51.19% of net profits
Recently Codan has paid out, on average, around 51.19% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.15% 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 1.15% return on their shares, in the form of dividend payments. In Codan's case, that would currently equate to about A$0.215 per share.
Codan's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 23 February 2021 (the "ex-dividend date").
Codan share price volatility
Over the last 12 months, Codan's shares have ranged in value from as little as $6.0067 up to $19.43. 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 0.5301. This would suggest that Codan's shares are less volatile than average (for this exchange).
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.
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