CODAN LIMITED (CDA)
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CDA - CODAN LIMITED

FNArena Sector : Hardware & Equipment
Year End: June
GICS Industry Group : Technology Hardware & Equipment
Index: ASX200 | ASX300 | ALL-ORDS | ALL-TECH

Codan is an Australian manufacturer and supplier of communications, metal detection and mining technology. Founded in 1959, the company listed on the ASX in 2003. Its core clientele are gold prospectors in Africa.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$13.06

23 Sep
2021

-0.080

OPEN

$13.41

-0.61%

HIGH

$13.46

404,093

LOW

$13.03

TARGET
$17.50 34.0% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
CDA: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 50.1 63.5 xxx
DPS (cps) xxx 27.0 32.0 xxx
EPS Growth xxx 41.2% 26.8% xxx
DPS Growth xxx 45.9% 18.5% xxx
PE Ratio xxx N/A 20.5 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx 53.9% 50.4% xxx

Dividend yield today if purchased 3 years ago: 8.28%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.07

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 25/08 - 16.5c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx50.1
DPS All xxxxxxxxxxxxxxx27.0
Sales/Revenue xxxxxxxxxxxxxxx437.0 M
Book Value Per Share xxxxxxxxxxxxxxx168.3
Net Operating Cash Flow xxxxxxxxxxxxxxx131.3 M
Net Profit Margin xxxxxxxxxxxxxxx20.67 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx21.13 %
Return on Equity xxxxxxxxxxxxxxx32.79 %
Return on Total Capital xxxxxxxxxxxxxxx44.00 %
Capex xxxxxxxxxxxxxxx22.9 M
Capex % of Sales xxxxxxxxxxxxxxx5.25 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx88.4 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

20/08/2021

1

Outperform

$17.50

34.00%

Codan's reported full-year underlying net profit of $97m was a 52% year-on-year increase and an 8% beat on Macquarie's forecast.

Sales were up 26% year-on-year to $437m, which the broker notes was underpinned by strength in Metal Detection sales and a step-up in the Communications and Tracking Solutions segments in the second half.

The company continued to invest in its manufacturing capacity, and while FY22 guidance has not yet been provided, Macquarie notes Codan is well placed to deliver a strong performance in the next financial year. 

The broker increases earnings per share forecasts by 3% and 2% for FY22 and FY23 respectively. 

The Outperform rating is retained and the target price increases to $17.50 from $17.00.

FORECAST
Macquarie forecasts a full year FY22 dividend of 32.00 cents and EPS of 63.50 cents.
Macquarie forecasts a full year FY23 dividend of 33.50 cents and EPS of 66.60 cents.

CDA STOCK CHART