CODAN LIMITED (CDA)
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CDA - CODAN LIMITED

FNArena Sector : Hardware & Equipment
Year End: June
GICS Industry Group : Technology Hardware & Equipment
Index: 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

$4.02

05 Dec
2022

0.040

OPEN

$3.97

1.01%

HIGH

$4.05

385,455

LOW

$3.93

TARGET
$4.10 2.0% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
CDA: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx 55.7 32.9 xxx
DPS (cps) xxx 28.0 12.0 xxx
EPS Growth xxx 11.2% - 40.9% xxx
DPS Growth xxx 3.7% - 57.1% xxx
PE Ratio xxx N/A 11.9 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 50.3% 36.5% xxx

Dividend yield today if purchased 3 years ago: 4.44%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

7.14

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 - ex-div 15c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx55.7
DPS All xxxxxxxxxxxxxxx28.0
Sales/Revenue xxxxxxxxxxxxxxx506.1 M
Book Value Per Share xxxxxxxxxxxxxxx203.6
Net Operating Cash Flow xxxxxxxxxxxxxxx51.7 M
Net Profit Margin xxxxxxxxxxxxxxx19.90 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx29.98 %
Return on Invested Capital xxxxxxxxxxxxxxx25.22 %
Return on Assets xxxxxxxxxxxxxxx18.41 %
Return on Equity xxxxxxxxxxxxxxx29.98 %
Return on Total Capital xxxxxxxxxxxxxxx34.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-7.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
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Sentiment Indicator

0.0

No. Of Recommendations

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

Macquarie

27/10/2022

3

Downgrade to Neutral from Outperform

$4.10

1.99%

A guidance update from Codan has disappointed Macquarie's expectations, with the company targeting first half net profits of $25-30m. Guidance was well below what the broker had expected, largely driven by the Metal Detection segment which is yet to stabilise.

The company is anticipating first half sales from Metal Detection of $75-80m, compared to $138m in the previous comparable period. The Communications segment expects a more positive $123-135m for the period, compared to $118m in the previous comparable period. 

The rating is downgraded to Neutral from Outperform and the target price decreases to $4.10 from $9.75.

FORECAST
Macquarie forecasts a full year FY23 dividend of 12.00 cents and EPS of 32.90 cents.
Macquarie forecasts a full year FY24 dividend of 17.00 cents and EPS of 38.00 cents.

CDA STOCK CHART