Financials Codan Limited

Equities

CDA

AU000000CDA3

Electronic Equipment & Parts

Delayed Australian S.E. 09:52:39 2024-04-17 pm EDT 5-day change 1st Jan Change
10.62 AUD -0.38% Intraday chart for Codan Limited -2.39% +24.21%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 621.9 1,276 3,255 1,259 1,455 1,933 - -
Enterprise Value (EV) 1 584.4 1,210 3,281 1,288 1,506 1,998 1,978 1,947
P/E ratio 13.7 x 20.1 x 36.2 x 12.5 x 21.4 x 24.5 x 20.3 x 17.3 x
Yield 3.75% 2.61% 1.5% 4.02% 2.3% 1.76% 2.04% 2.39%
Capitalization / Revenue 2.3 x 3.67 x 7.45 x 2.49 x 3.19 x 3.56 x 3.22 x 2.96 x
EV / Revenue 2.16 x 3.48 x 7.51 x 2.55 x 3.3 x 3.68 x 3.3 x 2.98 x
EV / EBITDA 7.44 x 10.3 x 20.7 x 7.95 x 12.9 x 14.3 x 12.1 x 10.4 x
EV / FCF 16 x 14.2 x 30.2 x 71.3 x 47.3 x 37 x 27.4 x 22.4 x
FCF Yield 6.23% 7.02% 3.31% 1.4% 2.11% 2.7% 3.65% 4.46%
Price to Book - 5.16 x 10.7 x 3.42 x 3.58 x 4.36 x 3.85 x 3.34 x
Nbr of stocks (in thousands) 179,228 179,993 180,506 180,884 181,168 181,316 - -
Reference price 2 3.470 7.090 18.03 6.960 8.030 10.66 10.66 10.66
Announcement Date 8/25/19 8/19/20 8/18/21 8/17/22 8/27/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 270.8 348 437 506.1 456.5 543.1 599.8 653.5
EBITDA 1 78.6 117.8 158.8 162 116.8 139.7 163.3 186.5
EBIT 1 63.4 89.6 139.8 137.4 88 112.8 134.3 155.5
Operating Margin 23.41% 25.75% 31.99% 27.15% 19.28% 20.76% 22.4% 23.8%
Earnings before Tax (EBT) 1 63.3 89.02 130.8 135.7 82.6 95.94 126 148.2
Net income 1 45.7 63.8 90.2 100.5 67.7 78.06 95.16 112
Net margin 16.88% 18.33% 20.64% 19.86% 14.83% 14.37% 15.86% 17.14%
EPS 2 0.2530 0.3530 0.4980 0.5560 0.3750 0.4351 0.5240 0.6170
Free Cash Flow 1 36.42 84.97 108.6 18.06 31.85 53.93 72.27 86.87
FCF margin 13.45% 24.42% 24.85% 3.57% 6.98% 9.93% 12.05% 13.29%
FCF Conversion (EBITDA) 46.33% 72.13% 68.38% 11.15% 27.27% 38.61% 44.26% 46.59%
FCF Conversion (Net income) 79.68% 133.19% 120.4% 17.97% 47.04% 69.09% 75.94% 77.57%
Dividend per Share 2 0.1300 0.1850 0.2700 0.2800 0.1850 0.1872 0.2170 0.2550
Announcement Date 8/25/19 8/19/20 8/18/21 8/17/22 8/27/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 171 177 194.5 242.6 256.8 249.4 211.8 244.7 265.9 242.6
EBITDA 1 54 63.8 69.3 89.5 83.1 78.9 55.2 61.6 - 55
EBIT - 45.9 60.7 - - - - - - -
Operating Margin - 25.93% 31.21% - - - - - - -
Earnings before Tax (EBT) - 45.61 60.52 70.3 69.2 66.46 39.5 43.1 49.8 -
Net income 30.4 33.39 41.29 48.91 50.01 50.52 30.92 36.78 - -
Net margin 17.78% 18.86% 21.23% 20.16% 19.48% 20.26% 14.6% 15.03% - -
EPS 0.1680 0.1850 0.2280 0.2700 0.2760 0.2800 0.1710 0.2040 - -
Dividend per Share 2 0.0750 0.1100 0.1050 0.1650 0.1300 0.1500 0.0900 0.0950 - 0.1050
Announcement Date 2/19/20 8/19/20 2/17/21 8/18/21 2/16/22 8/17/22 2/15/23 8/27/23 2/20/24 -
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 26.8 29.4 51.7 65.4 45 13.8
Net Cash position 1 37.5 66.1 - - - - - -
Leverage (Debt/EBITDA) - - 0.1688 x 0.1814 x 0.4428 x 0.468 x 0.2756 x 0.0739 x
Free Cash Flow 1 36.4 85 109 18.1 31.8 53.9 72.3 86.9
ROE (net income / shareholders' equity) 22.9% 27.8% 36% 30% 17.5% 18.6% 20.3% 21.4%
ROA (Net income/ Total Assets) 17.3% 20.4% 22.8% 18.4% 10.6% 13.6% 15.2% 16.6%
Assets 1 264.5 312.9 396.4 546.9 641.4 574 628.1 674.6
Book Value Per Share 2 - 1.370 1.680 2.040 2.240 2.440 2.770 3.190
Cash Flow per Share 2 0.3400 0.5700 0.7200 0.2900 0.4400 0.5500 0.6800 0.7800
Capex 1 20.5 19 22.7 33.7 48 44.6 47.6 49.7
Capex / Sales 7.55% 5.46% 5.2% 6.65% 10.52% 8.21% 7.94% 7.61%
Announcement Date 8/25/19 8/19/20 8/18/21 8/17/22 8/27/23 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
10.66 AUD
Average target price
10.58 AUD
Spread / Average Target
-0.80%
Consensus
  1. Stock Market
  2. Equities
  3. CDA Stock
  4. Financials Codan Limited