Codan (CODAF) Stock Price, News & Analysis

Company Overview

Codan Limited is an Australian technology company that develops communications and metal-detection products for customers worldwide. Its businesses serve a range of markets, including mining, government, military and public safety, humanitarian organizations, agriculture, and consumer recreation.

Through its Minelab business, Codan produces metal detectors used for gold prospecting, treasure hunting, landmine clearance, and security applications. Minelab products are sold internationally and are designed for both professional and recreational users.

Codan’s communications operations develop radio and related communications systems, including high-frequency (HF) radio solutions, tactical communications equipment, and products for remote and infrastructure-limited environments. Founded in Australia in 1959, the company is headquartered in Adelaide and distributes its products through international operations and sales networks.

Key Stats

• Today's Range: C$47.58 to C$47.58
• 50-Day Range: C$23.61 to C$47.58
• 52-Week Range: C$18.44 to C$47.58
• Volume: N/A
• Average Volume: 300 shs
• Market Capitalization: N/A
• P/E Ratio: 914.91
• Dividend Yield: 0.18%
• Price Target: N/A
• Consensus Rating: Buy

Codan Stock Analysis - MarketRank™

Codan scored higher than 32% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.7 / 5
• Analyst Rating: Buy

Consensus Rating

Codan has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on no strong buy ratings, 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Codan has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Codan is 914.91, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 39.00.

Price to Earnings Ratio vs. Sector

The P/E ratio of Codan is 914.91, which means that it is trading at a more expensive P/E ratio than the Technology sector average P/E ratio of about 81.01.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Codan has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Codan has recently decreased by 43.87%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Codan is a leading dividend payer. It pays a dividend yield of 4.22%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Codan does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Codan is 163.46%. Payout ratios above 75% are not desirable because they may not be sustainable.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.63

News Sentiment

Codan has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Codan this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.1 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Codan insiders have not sold or bought any company stock.

Percentage Held by Institutions

4.70% of the stock of Codan is held by institutions.

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Technology
• Industry: Electronic Equipment, Instruments & Components
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:CODAF
• CIK: N/A
• Web: www.codan.com.au
• Phone: 61 8 8305 0311
• Fax: N/A
• Employees: 1,000
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: 914.91
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A