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

$6.82

17 May
2022

-0.280

OPEN

$7.05

-3.94%

HIGH

$7.13

845,932

LOW

$6.74

TARGET
$11.60 70.1% 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 56.6 xxx
DPS (cps) xxx 27.0 28.5 xxx
EPS Growth xxx 41.2% 13.0% xxx
DPS Growth xxx 45.9% 5.6% xxx
PE Ratio xxx N/A 12.0 xxx
Dividend Yield xxx N/A 4.2% xxx
Div Pay Ratio(%) xxx 53.9% 50.4% xxx

Dividend yield today if purchased 3 years ago: 8.26%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.98

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: 23/02 - ex-div 13c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 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 Capital Employed xxxxxxxxxxxxxxx32.79 %
Return on Invested Capital xxxxxxxxxxxxxxx28.82 %
Return on Assets xxxxxxxxxxxxxxx21.13 %
Return on Equity xxxxxxxxxxxxxxx32.79 %
Return on Total Capital xxxxxxxxxxxxxxx44.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx88.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

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

Macquarie

18/02/2022

1

Outperform

$11.60

70.09%

Ahead of Codan's first half result release the company has pre-reported revenue and profit of $257m and $50m respectively, but Macquarie notes the company is yet to provide full year guidance. 

Performance from Codan's recent acquisitions were a highlight, with DTC and Zetron ahead of targets. DTC reported earnings of $10m in the first half on a full year target of $14m, while Zetron's $6m first half earnings compares to an $8m full year target. 

DTC and Zetron are due to ship $36m and $22m in the second half respectively, and Codan is confident in the ability to significantly grow future profitability. 

The Outperform rating is retained and the target price decreases to $11.60 from $12.10. 

FORECAST
Macquarie forecasts a full year FY22 dividend of 28.50 cents and EPS of 56.60 cents.
Macquarie forecasts a full year FY23 dividend of 29.50 cents and EPS of 58.80 cents.

CDA STOCK CHART