CODAN LIMITED (CDA)
Share Price Analysis and Chart

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CDA - CODAN LIMITED

FNArena Sector : Hardware & Equipment
Year End: June
GICS Industry Group : Technology Hardware & Equipment
Debt/EBITDA: 1.04
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

$8.32

05 Dec
2023

-0.230

OPEN

$8.44

-2.69%

HIGH

$8.54

578,338

LOW

$8.20

TARGET
$8.48 1.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
CDA: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 37.5 42.7 xxx
DPS (cps) xxx 18.5 19.0 xxx
EPS Growth xxx - 32.8% 14.0% xxx
DPS Growth xxx - 33.9% 2.7% xxx
PE Ratio xxx N/A 19.6 xxx
Dividend Yield xxx N/A 2.3% xxx
Div Pay Ratio(%) xxx 49.4% 44.5% xxx

Dividend yield today if purchased 3 years ago: 1.76%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.21

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: 05/09 - ex-div 9.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx37.5
DPS All xxxxxxxxxxxxxxx18.5
Sales/Revenue xxxxxxxxxxxxxxx456.5 M
Book Value Per Share xxxxxxxxxxxxxxx224.5
Net Operating Cash Flow xxxxxxxxxxxxxxx79.9 M
Net Profit Margin xxxxxxxxxxxxxxx14.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx17.49 %
Return on Invested Capital xxxxxxxxxxxxxxx13.94 %
Return on Assets xxxxxxxxxxxxxxx10.55 %
Return on Equity xxxxxxxxxxxxxxx17.49 %
Return on Total Capital xxxxxxxxxxxxxxx18.69 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx18.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx6 M
Long Term Debt xxxxxxxxxxxxxxx119 M
Total Debt xxxxxxxxxxxxxxx125 M
Goodwill - Gross xxxxxxxxxxxxxxx264 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx24 M
Price To Book Value xxxxxxxxxxxxxxx3.58

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx49.4 M
Capex % of Sales xxxxxxxxxxxxxxx10.81 %
Cost of Goods Sold xxxxxxxxxxxxxxx238 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx127 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

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

Macquarie

30/11/2023

1

Outperform

$8.48

1.92%

Codan is set to acquire wireless broadcast systems integrator Wave Central for a $9.1m upfront payment, alongside a potential $12.1m in earnout payments over three years. The transaction is expected to complete on December 1.

Macquarie sees solid financial metrics and upside for Wave Central under Codan's ownership. It is expected to report $16m in revenue for 2023, with a 25% earnings margin.

The Outperform rating is retained and the target price decreases to $8.48 from $9.10.

FORECAST
Macquarie forecasts a full year FY24 dividend of 19.00 cents and EPS of 42.70 cents.
Macquarie forecasts a full year FY25 dividend of 19.00 cents and EPS of 52.30 cents.
Access Stockbroker Research History >

CDA STOCK CHART

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