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
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

$18.12

15 Apr
2021

0.860

OPEN

$17.35

4.98%

HIGH

$18.19

1,047,452

LOW

$17.34

TARGET
$17.00 -6.2% downside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
CDA: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 35.5 49.7 xxx
DPS (cps) xxx 18.5 25.0 xxx
EPS Growth xxx 39.0% 40.1% xxx
DPS Growth xxx 32.1% 35.1% xxx
PE Ratio xxx N/A 36.6 xxx
Dividend Yield xxx N/A 1.4% xxx
Div Pay Ratio(%) xxx 52.2% 50.3% xxx

Dividend yield today if purchased 3 years ago: 7.49%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.02

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: 24/02 - 10.5c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx35.5
DPS All xxxxxxxxxxxxxxx18.5
Sales/Revenue xxxxxxxxxxxxxxx348 M

EPS Basic

DPS All

Sales/Revenue

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

06/04/2021

1

Outperform

$17.00

-6.18%

Codan has acquired Zetron for US$45m. Macquarie considers the acquisition a good strategic move as it adds scale in a complementary segment with an attractive end market.

Meanwhile, GPX6000 has been launched and the broker notes Codan has previously entered a strong upgrade cycle post the launch of a major new gold detector.

The share price has run hard yet Macquarie is positive about the prospect of new products and potential for additional revenue synergies from acquisitions. Outperform retained. Target rises to $17.00 from $16.20.

FORECAST
Macquarie forecasts a full year FY21 dividend of 25.00 cents and EPS of 49.70 cents.
Macquarie forecasts a full year FY22 dividend of 31.00 cents and EPS of 61.80 cents.

CDA STOCK CHART