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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.
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| 52-week range | $6.27 - $18.8817 |
|---|---|
| 50-day moving average | $7.1444 |
| 200-day moving average | $9.5265 |
| Target price | $10.75 |
| PE ratio | 13.6264 |
| Dividend yield | $0.295 (3.82%) |
| Earnings per share (TTM) | $0.546 |
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.
Historical closes compared with the last close of A$6.97
| 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% |
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 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% |
| Profit margin | 19.84% |
| Book value | 1.833 |
| Market capitalisation | $1.3 billion |
TTM: trailing 12 months
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").
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.
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