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Codan Limited (CDA.AX)
AUD42.19
-0.06 (-0.14%)
AU ASX Technology Hardware, Equipment & Parts
Address
Technology Park 5095
Mawson Lakes, SA, AU
Mawson Lakes, SA, AU
CEO
Alfonso Ianniello
Website
codan.com.au
IPO
2003-11-26
ISIN AU000000CDA3
Also trades on
Australian Securities Exchange · CDA.AX (AUD)
Other OTC · CODAF (USD)
Description
Codan Limited designs and develops sophisticated technological solutions for a diverse clientele, including global organizations like the United Nations, various mining enterprises (from large-scale operations to individual prospectors), security and defense forces, government bodies, and private users. The company operates through two core business units: Communications and Metal Detection. Its Communications division is dedicated to the engineering, manufacturing, and commercialization of communication equipment, featuring offerings such as MIMO MESH, DTC radio systems for wireless video and data transmission, and Zetron communication solutions. The Metal Detection segment focuses on innovating, producing, and distributing metal detection devices, which include handheld technologies utilized for recreational purposes, gold exploration, humanitarian demining, and military applications. Codan's products are marketed and sold internationally via a wide-reaching network of dealers, distributors, and agents, with a presence in countries like Australia, Canada, Denmark, the United Kingdom, the United States, Brazil, India, Ireland, Mexico, Singapore, and the United Arab Emirates, among other global markets. Founded in 1959, Codan Limited is headquartered in Mawson Lakes, Australia.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
AUD42.19
-0.06 (-0.14%)
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Volume Profile
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Liquidity & share structure
Average Volume
507.0K
Beta
1.40
Float Shares
111.27M
Free Float %
61.2%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +3.95% | +5.31% | +2.33% | +20.11% | +38.25% | +50.02% | +136.94% | +499.86% | +128.44% | +4,000.96% | +3,777.27% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
42.19
DCF (Unlevered)
9.41
-77.7%
DCF (Levered)
8.91
-78.9%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
50% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 5 | +1 |
| Hold | 4 | 0 |
| Sell | 1 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
16.04
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
-
Revenue growth Hardware, Equipment & Parts: +10.0%+22.5% ★ Q4'25: +48.0% (vs Q4'23)
-
EPS growth Hardware, Equipment & Parts: +20.2%+26.7% ★ Q4'25: +85.7% (vs Q4'23)
-
FCF margin FCF growth · Hardware, Equipment & Parts: +27.1%+12.4% Q4'25: +12.5% (vs Q4'23)
-
EBIT margin Hardware, Equipment & Parts: +8.7%+21.7% ★ Q4'25: +25.4% (vs Q4'23)
-
ROIC Hardware, Equipment & Parts: +5.7%+17.6% ★ Q4'25: +41.6% (vs Q4'23)
-
Share dilution Hardware, Equipment & Parts: +0.0%+0.2% Q4'25: +0.3% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Hardware, Equipment & Parts: -0.70×1.03× Q4'25: 0.46× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Jun 2004 actual |
Jun 2005 actual |
Jun 2006 actual |
Jun 2007 actual |
Jun 2008 actual |
Jun 2009 actual |
Jun 2010 actual |
Jun 2011 actual |
Jun 2012 actual |
Jun 2013 actual |
Jun 2014 actual |
Jun 2015 actual |
Jun 2016 actual |
Jun 2017 actual |
Jun 2018 actual |
Jun 2019 actual |
Jun 2020 actual |
Jun 2021 actual |
Jun 2022 actual |
Jun 2023 actual |
Jun 2024 actual |
Jun 2025 actual |
Jun 2026 9 Rev. Ana. 7 EPS Ana. |
Jun 2027 9 Rev. Ana. 8 EPS Ana. |
Jun 2028 8 Rev. Ana. 6 EPS Ana. |
Jun 2029 6 Rev. Ana. 3 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
133.01M
est: 136.06M (-2.2%)
|
125.95M
est: 138.58M (-9.1%)
|
117.44M
est: 116.30M (+1.0%)
|
121.97M
est: 128.29M (-4.9%)
|
110.45M
est: 123.47M (-10.5%)
|
133.13M
est: 150.33M (-11.4%)
|
189.32M
est: 185.42M (+2.1%)
|
170.52M
est: 169.71M (+0.5%)
|
160.73M
est: 173.52M (-7.4%)
|
233.84M
est: 246.59M (-5.2%)
|
132.27M
est: 142.81M (-7.4%)
|
143.86M
est: 138.70M (+3.7%)
|
169.54M
est: 165.65M (+2.3%)
|
226.10M
est: 220.45M (+2.6%)
|
229.91M
est: 223.94M (+2.7%)
|
270.81M
est: 257.40M (+5.2%)
|
348.02M
est: 334.44M (+4.1%)
|
437.05M
est: 430.14M (+1.6%)
|
506.15M
est: 517.76M (-2.2%)
|
456.47M
est: 457.00M (-0.1%)
|
550.46M
est: 539.88M (+2.0%)
|
674.23M
est: 649.81M (+3.8%)
|
849.31M
835.67M – 900.20M
+30.7% YoY
|
949.98M
912.89M – 1.05B
+11.9% YoY
|
1.05B
1.05B – 1.06B
+10.9% YoY
|
1.15B
1.12B – 1.25B
+9.2% YoY
|
| EBITDA |
32.63M
est: 39.41M (-17.2%)
|
30.90M
est: 24.04M (+28.6%)
|
20.14M
est: 18.97M (+6.2%)
|
24.28M
est: 12.80M (+89.8%)
|
13.44M
est: 15.21M (-11.6%)
|
28.50M
est: 4.38M (+550.2%)
|
39.15M
est: 19.24M (+103.5%)
|
49.03M
est: 23.16M (+111.7%)
|
53.69M
est: 30.26M (+77.4%)
|
77.06M
est: 50.31M (+53.2%)
|
15.26M
est: 36.54M (-58.2%)
|
21.74M
est: 10.07M (+115.9%)
|
32.32M
est: 19.10M (+69.2%)
|
74.43M
est: 26.33M (+182.7%)
|
70.46M
est: 59.39M (+18.6%)
|
78.79M
est: 62.92M (+25.2%)
|
118.29M
est: 81.99M (+44.3%)
|
159.32M
est: 95.29M (+67.2%)
|
162.65M
est: 103.97M (+56.4%)
|
120.64M
est: 110.05M (+9.6%)
|
147.10M
est: 117.18M (+25.5%)
|
155.64M
est: 188.91M (-17.6%)
|
246.00M
242.05M – 260.74M
+30.2% YoY
|
275.16M
264.41M – 303.61M
+11.9% YoY
|
305.02M
302.72M – 307.31M
+10.9% YoY
|
333.03M
323.63M – 360.65M
+9.2% YoY
|
| EBIT |
24.52M
est: 33.18M (-26.1%)
|
22.67M
est: 24.04M (-5.7%)
|
12.40M
est: 18.97M (-34.6%)
|
17.39M
est: 12.80M (+35.9%)
|
5.80M
est: 15.30M (-62.1%)
|
22.22M
est: 4.38M (+406.9%)
|
28.86M
est: 19.36M (+49.0%)
|
33.71M
est: 23.16M (+45.6%)
|
41.55M
est: 30.26M (+37.3%)
|
65.67M
est: 58.98M (+11.3%)
|
11.04M
est: 36.77M (-70.0%)
|
17.27M
est: 10.07M (+71.5%)
|
27.51M
est: 18.99M (+44.9%)
|
60.46M
est: 26.34M (+129.6%)
|
54.02M
est: 59.39M (-9.0%)
|
63.68M
est: 62.89M (+1.3%)
|
97.64M
est: 81.98M (+19.1%)
|
140.29M
est: 95.47M (+46.9%)
|
138.05M
est: 104.17M (+32.5%)
|
91.77M
est: 110.26M (-16.8%)
|
113.40M
est: 117.40M (-3.4%)
|
146.57M
est: 129.04M (+13.6%)
|
207.11M
203.78M – 219.52M
+60.5% YoY
|
231.66M
222.61M – 255.61M
+11.9% YoY
|
256.80M
254.86M – 258.73M
+10.9% YoY
|
280.38M
272.47M – 303.64M
+9.2% YoY
|
| Net Income |
16.68M
est: 19.79M (-15.7%)
|
16.20M
est: 17.01M (-4.7%)
|
8.49M
est: 13.59M (-37.6%)
|
11.24M
est: 9.38M (+19.9%)
|
1.01M
est: 10.78M (-90.6%)
|
12.01M
est: 1.22M (+886.0%)
|
14.39M
est: 14.80M (-2.7%)
|
21.79M
est: 13.18M (+65.3%)
|
23.15M
est: 22.29M (+3.8%)
|
45.42M
est: 32.83M (+38.4%)
|
9.20M
est: 26.29M (-65.0%)
|
12.51M
est: 8.99M (+39.1%)
|
15.50M
est: 14.67M (+5.6%)
|
43.52M
est: 21.01M (+107.1%)
|
41.58M
est: 43.45M (-4.3%)
|
45.67M
est: 49.15M (-7.1%)
|
63.80M
est: 59.14M (+7.9%)
|
90.35M
est: 68.42M (+32.1%)
|
100.74M
est: 74.65M (+34.9%)
|
67.77M
est: 67.77M (+0.0%)
|
81.39M
est: 81.39M (+0.0%)
|
103.49M
est: 103.49M (+0.0%)
|
170.16M
169.48M – 171.66M
+64.4% YoY
|
197.17M
182.74M – 211.09M
+15.9% YoY
|
224.54M
206.06M – 243.81M
+13.9% YoY
|
257.94M
248.48M – 285.75M
+14.9% YoY
|
| SGA |
31.91M
est: 33.94M (-6.0%)
|
28.81M
est: 32.49M (-11.3%)
|
31.00M
est: 24.17M (+28.3%)
|
28.44M
est: 34.20M (-16.8%)
|
28.64M
est: 27.33M (+4.8%)
|
34.61M
est: 34.82M (-0.6%)
|
46.00M
est: 42.68M (+7.8%)
|
47.19M
est: 42.10M (+12.1%)
|
45.02M
est: 48.26M (-6.7%)
|
61.15M
est: 63.95M (-4.4%)
|
44.11M
est: 35.38M (+24.7%)
|
50.30M
est: 43.11M (+16.7%)
|
53.62M
est: 59.01M (-9.1%)
|
56.85M
est: 69.29M (-18.0%)
|
57.27M
est: 56.76M (+0.9%)
|
64.99M
est: 67.71M (-4.0%)
|
72.98M
est: 84.17M (-13.3%)
|
76.61M
est: 78.27M (-2.1%)
|
115.02M
est: 85.40M (+34.7%)
|
126.82M
est: 90.39M (+40.3%)
|
154.80M
est: 96.24M (+60.8%)
|
192.69M
est: 162.71M (+18.4%)
|
211.88M
208.48M – 224.58M
+30.2% YoY
|
237.00M
227.74M – 261.50M
+11.9% YoY
|
262.71M
260.74M – 264.69M
+10.9% YoY
|
286.84M
278.75M – 310.63M
+9.2% YoY
|
| EPS |
0.11
est: 0.11 (+1.3%)
|
0.10
est: 0.12 (-14.1%)
|
0.05
est: 0.06 (-8.6%)
|
0.07
est: 0.07 (-5.8%)
|
0.01
est: 0.06 (-89.9%)
|
0.07
est: 0.08 (-6.5%)
|
0.09
est: 0.19 (-53.3%)
|
0.13
est: 0.15 (-10.6%)
|
0.14
est: 0.16 (-11.7%)
|
0.26
est: 0.26 (-0.4%)
|
0.05
est: 0.05 (+3.0%)
|
0.07
est: 0.08 (-8.2%)
|
0.09
est: 0.11 (-21.6%)
|
0.25
est: 0.26 (-2.7%)
|
0.23
est: 0.21 (+9.4%)
|
0.26
est: 0.24 (+7.3%)
|
0.35
est: 0.35 (-0.3%)
|
0.50
est: 0.48 (+4.3%)
|
0.56
est: 0.56 (-0.2%)
|
0.37
est: 0.36 (+3.4%)
|
0.45
est: 0.44 (+2.4%)
|
0.57
est: 0.55 (+3.0%)
|
0.93
0.93 – 0.94
+68.9% YoY
|
1.08
1.00 – 1.16
+15.2% YoY
|
1.23
1.13 – 1.34
+14.7% YoY
|
1.42
1.36 – 1.57
+14.6% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-28 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-27 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-26 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-25 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-22 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-21 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-20 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-19 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-18 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-15 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-14 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-13 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-12 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-11 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-08 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-07 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-06 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-05 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-04 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-05-01 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-30 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-29 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-28 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-27 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-24 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-23 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-22 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-21 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-20 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-17 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-16 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-15 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
187.14M
OE per share TTM
1.03
Owner's Yield
2.41%
Maintenance CapEx ratio
13.60%
Maint CapEx / Avg PPE
11.3%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 84 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Bancreek Global Select ETF BCGS | 3.16% | 1.20M | 0.80% |
| 2 | Bancreek International Large Cap ETF BCIL | 3.16% | 956.1K | 0.80% |
| 3 | iShares S&P/ASX Small Ordinaries ETF ISO.AX | 1.78% | 1.56M | 0.55% |
| 4 | NYLI International Small-Mid Cap Equity ETF NISM | 1.08% | 271.3K | 0.70% |
| 5 | iShares Edge MSCI Australia Multifactor ETF AUMF.AX | 0.89% | 875.6K | 0.30% |
| 6 | Vanguard MSCI Australian Small Companies Index ETF VSO.AX | 0.85% | 6.77M | 0.30% |
| 7 | VanEck - MSCI Australian Sustainable Equity ETF GRNV.AX | 0.64% | 1.04M | 0.35% |
| 8 | BetaShares - Australian Ex-20 Portfolio Diversifier ETF EX20.AX | 0.47% | 2.16M | 0.25% |
| 9 | BetaShares - Geared Australian Equities Complex ETF GEAR.AX | 0.41% | 1.79M | 0.78% |
| 10 | iShares Defense Industrials Act IDEF | 0.21% | 8.66M | 0.55% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
325.7K
Shares Outstanding
181.88M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Alfonso Ianniello | MD, Chief Executive Officer & Director | 2M | male |
| Ben Harvey | President & Executive GM of Minelab | 1M | male |
| S. Paul Sangster | President & Executive General Manager of DTC | 1M | male |
| Scott A. French | President & Executive General Manager of Zetron | 1M | male |
| Michael Barton | Chief Financial Officer & Company Secretary | 841.1K | male |
| Kayi Li | Manager of Investor Relations & Deputy CFO | — | female |
| Marjolijn Woods | Chief Human Resource Officer | — | female |
| Pieter Guichelaar | Chief Operating Officer | — | male |
| Daniel Widera | General Counsel & Joint Company Secretary | — | male |
| Daniel Hutchinson | Executive General Manager of Strategy, Corporate Development & M&A | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for CDA.AX
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
