Codan Ltd CDA

Morningstar Rating
A$67.66 +0.17 (0.25%)
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Company Report

Price vs Fair Value

CDA is trading at a LOCK|K!HCm!H premium.
Price
A$67.49
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Growth in emergency call center software is underpinned by the US government’s next-generation 911 software mandate, requiring upgrades of old technology and increasing the value of the addressable market.

Bears

Metal detection sales are exposed to cyclicality, with a pullback from customers at low points in the economic cycle.

Trading Information

Previous Close Price
A$67.49
Day Range
A$66.82–68.98
52-Week Range
A$25.18–70.14
Bid/Ask
A$67.64 / A$67.66
Shares Outstanding
182.32M
Market Cap
A$12.34B
Volume/Avg
183,308 / 649,051

Key Statistics

Price/Earnings (Normalized)
68.59
Price/Sales
14.09
Dividend Yield (Trailing)
0.72%
Dividend Yield (Forward)
0.72%
Dividend Payment Schedule
Mar, Sep
Total Yield
0.72%

Company Profile

Codan designs and sells communications products and metal detection devices. Its global customer base includes military, security, emergency responders, broadcasters, government, humanitarian organizations, utilities, and mining. Earnings are skewed to its communications business. This business provides command center technology used to coordinate public transport, emergency services, utilities, and broadcasting. Codan also produces lightweight radios suitable for attaching to drones. In metal detection, it produces hand-held metal detection devices, sold to organizations and individuals such as gold prospectors and hobbyist treasure hunters. Customers also use this equipment for safety and security. About half of group revenue comes from North America, and one-fourth from Europe.
Sector
Technology
Industry
Scientific & Technical Instruments
Stock Style Box
Mid Growth
Total Number of Employees
730

Competitors

Valuation

Metric
CDA
LMT
MSI
Price/Earnings (Normalized)
68.5917.8627.28
Price/Book Value
20.1713.2627.83
Price/Sales
14.091.526.15
Price/Cash Flow
49.4412.6923.95
Price/Earnings
CDA
LMT
MSI

Financial Strength

Metric
CDA
LMT
MSI
Quick Ratio
0.640.970.78
Current Ratio
1.491.191.10
Interest Coverage
37.977.687.19
Quick Ratio
CDA
LMT
MSI

Profitability

Metric
CDA
LMT
MSI
Return on Assets (Normalized)
19.28%10.94%14.85%
Return on Equity (Normalized)
31.09%95.35%115.76%
Return on Invested Capital (Normalized)
26.13%26.61%25.93%
Return on Assets
CDA
LMT
MSI

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