How to buy Codan (CDA) shares
Learn how to easily invest in Codan shares.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Codan 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 $499.3 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 ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as 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. Look into dollar-cost averaging to spread out your risk, 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 on your investment. Congratulations, you own a part of Codan. Optimise your portfolio by tracking how your stock and 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 affect your stock.
Codan stock price (ASX:CDA)Use our graph to track the performance of CDA stocks over time.
Codan shares at a glance
|52-week range||$6.27 - $18.8817|
|50-day moving average||$7.1444|
|200-day moving average||$9.5265|
|Dividend yield||$0.295 (3.82%)|
|Earnings per share (TTM)||$0.546|
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. However, this is not a recommendation. 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 (2022-06-02)||-8.65%|
|1 month (2022-05-12)||4.81%|
|3 months (2022-03-11)||-1.97%|
|6 months (2021-12-10)||-28.22%|
|1 year (2021-06-11)||-62.45%|
|2 years (2020-06-12)||4.50%|
|3 years (2019-06-12)||113.80%|
|5 years (2017-06-09)||183.33%|
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 14x. In other words, Codan shares trade at around 14x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Codan's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $151.6 million (£0.0 million).
The EBITDA is a measure of a Codan's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$499.3 million|
|Operating margin TTM||29.67%|
|Gross profit TTM||$243.1 million|
|Return on assets TTM||20.04%|
|Return on equity TTM||33.06%|
|Market capitalisation||$1.3 billion|
TTM: trailing 12 months
Codan share dividends
Dividend payout ratio: 50% of net profits
Recently Codan has paid out, on average, around 50% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.82% 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 3.82% return on their shares, in the form of dividend payments. In Codan's case, that would currently equate to about A$0.295 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 22 February 2022 (the "ex-dividend date").
Codan share price volatility
Over the last 12 months, Codan's shares have ranged in value from as little as $6.27 up to $18.8817. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Codan's is 0.6567. This would suggest that Codan's shares are less volatile than average (for this exchange).
Codan Limited develops technology solutions for United Nations organizations, mining companies, security and military groups, government departments, individuals, and small-scale miners. The company operates through Communications Equipment and Metal Detection segments. The Communications segment designs, develops, manufactures, and markets communication equipment that consists 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, Ireland, Mexico, Singapore, the United Arab Emirates, and internationally. Codan Limited was founded in 1959 and is headquartered in Mawson Lakes, Australia.
Codan in the news
Frequently asked questions
More guides on Finder
How to invest in the Chalkos Metals Limited IPO
Everything we know about the Chalkos Metals Limited IPO, plus information on how to buy in.
How to buy Cluey (CLU) shares
Steps to owning and managing Cluey shares.
How to buy Koba Resources (KOB) shares
Steps to owning and managing Koba Resources shares.
How to buy Rincon Resources (RCR) shares
Steps to owning and managing Rincon Resource shares.
How to buy Payright (PYR) shares
Steps to owning and managing Payright shares.
How to invest in the Iltani Resources IPO
Everything we know about the Iltani Resources IPO, plus information on how to buy in.
Bloom Impact Investing app review
Bloom Impact Investing offers exclusively climate impact investing, with direct climate action being the goal.
How to buy Kingfisher Mining (KFM) shares
Steps to owning and managing Kingfisher Mining shares.
How to invest in the Botala Energy IPO
Everything we know about the Botala Energy IPO, plus information on how to buy in.
How to buy Pacific Edge (PEB) shares
Steps to owning and managing Pacific Edge shares.
Ask an Expert