tiprankstipranks
Trending News
More News >
Codan Limited (CODAF)
OTHER OTC:CODAF

Codan Limited (CODAF) AI Stock Analysis

Compare
16 Followers

Top Page

Positive Factors
Demand
The order book increased substantially, reflecting strong demand and successful integrations of recent acquisitions.
Financial Performance
The result for the six months was better than expected at the EBIT line, with significant sales growth.
Strategic Growth
The company has demonstrated expertise in stimulating its markets with ongoing product releases and successful acquisitions.
Negative Factors
Market Competition
Metal Detection is benefiting from market share gains supported by expansion of distribution points and continued product development.
Military Spending
Tactical Communications is supported by a favourable military spending environment and general industry tailwinds.

Codan Limited (CODAF) vs. SPDR S&P 500 ETF (SPY)

Codan Limited Business Overview & Revenue Model

Company DescriptionCodan Limited develops technology solutions for United Nations organizations, mining companies, security and military groups, government departments, individuals, and small-scale miners. It operates through Communications and Metal Detection segments. The Communications segment designs, develops, manufactures, and markets communication equipment that consists of 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, India, Ireland, Mexico, Singapore, the United Arab Emirates, and internationally. Codan Limited was incorporated in 1959 and is headquartered in Mawson Lakes, Australia.
How the Company Makes Money

Codan Limited Financial Statement Overview

Summary
Codan Limited exhibits strong financial health with consistent revenue growth and robust profitability margins. The balance sheet shows controlled leverage and solid equity positions, while cash flow performance highlights efficient cash management and conversion. The company is well-positioned in its industry with a stable financial foundation.
Income Statement
85
Very Positive
Codan Limited demonstrated strong revenue growth, increasing by 20.59% from the previous year. The Gross Profit Margin stands at 55.45% and the Net Profit Margin is at 14.78%, indicating good profitability. EBIT and EBITDA margins were also healthy at 17.42% and 26.73%, respectively, suggesting efficient operations.
Balance Sheet
78
Positive
The company's Debt-to-Equity Ratio increased to 0.32, which remains reasonable but indicates rising leverage. Return on Equity (ROE) was strong at 18.19%, reflecting effective use of equity capital. The Equity Ratio of 58.21% suggests a solid equity base supporting its asset structure.
Cash Flow
80
Positive
Codan Limited's Free Cash Flow grew by 82.43%, showcasing robust cash generation. The Operating Cash Flow to Net Income Ratio was 1.31, reflecting good cash earnings quality. The Free Cash Flow to Net Income Ratio was high at 0.68, indicating effective conversion of earnings into cash flow.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
590.16M550.46M456.47M506.14M437.05M348.02M
Gross Profit
331.54M305.23M218.59M253.06M216.90M170.62M
EBIT
126.23M95.90M91.77M138.05M140.29M97.64M
EBITDA
135.03M147.10M120.64M162.65M159.32M118.29M
Net Income Common Stockholders
89.39M81.39M67.77M100.74M90.35M63.80M
Balance SheetCash, Cash Equivalents and Short-Term Investments
27.87M19.70M23.66M22.61M22.36M92.83M
Total Assets
890.14M768.71M693.30M590.93M502.85M351.57M
Total Debt
198.77M141.05M125.39M82.24M56.12M30.55M
Net Debt
170.90M121.34M101.73M59.63M33.76M-62.28M
Total Liabilities
391.90M321.78M286.97M222.98M199.24M104.22M
Stockholders Equity
498.67M447.39M406.70M368.28M303.72M247.30M
Cash FlowFree Cash Flow
94.97M55.67M30.51M17.56M108.35M80.99M
Operating Cash Flow
105.28M106.45M79.88M51.72M131.30M103.98M
Investing Cash Flow
-101.12M-87.96M-53.93M-19.75M-182.72M-19.01M
Financing Cash Flow
-1.03M-22.43M-25.45M-32.68M-19.00M-29.98M

Codan Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$2.16B32.5619.85%1.53%
62
Neutral
$11.81B10.34-7.44%2.91%7.41%-7.93%
$879.78M61.25-0.70%
DED0D
€835.04M16.8431.26%5.99%
AUOCL
76
Outperform
AU$1.79B55.7936.92%1.39%7.00%19.41%
AUXRF
70
Outperform
AU$224.86M23.6318.04%2.44%6.00%10.26%
AUZMM
41
Neutral
AU$4.28M-174.80%-50.78%45.67%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CODAF
Codan Limited
10.59
3.39
47.08%
DRSHF
DroneShield Limited
1.01
0.12
13.48%
DE:D0D
Dicker Data Limited
4.48
-0.90
-16.73%
AU:XRF
XRF Scientific Limited
1.60
0.32
25.00%
AU:OCL
Objective Corporation Limited
18.74
6.96
59.08%
AU:ZMM
ZIMI Ltd
0.01
0.00
0.00%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.