Codan (CODAF) Stock Price, News & Analysis

Company Overview

Codan Limited (OTCMKTS:CODAF) is an Australian technology company specializing in the design and manufacture of communications and detection equipment. Headquartered in Adelaide, South Australia, Codan operates through two primary business segments—detection and communications—providing hardware, software and turn-key solutions to commercial, government and humanitarian customers worldwide.

In its detection segment, Codan markets metal-detection products under the Minelab brand. These detectors serve a range of applications including gold prospecting, security screening, landmine and ordinance clearance, and archaeological exploration. Minelab systems combine advanced signal-processing algorithms with rugged, portable hardware suited to harsh environments, supporting both hobbyist and professional use cases.

Codan’s communications segment develops high-frequency (HF) and satellite communications equipment designed for remote and harsh environments. Offerings include base stations, mobile and handheld transceivers, amplifiers and networking solutions that support voice and data transmission over long distances without reliance on local infrastructure. These systems are deployed by defense forces, emergency services, NGOs and industrial operators in mining, oil and gas, and maritime sectors.

Through a global network of manufacturing facilities, sales offices and distribution partners, Codan serves customers in Australia, Asia Pacific, the Americas, Europe and Africa. The company emphasizes product reliability, after-sales support and ongoing research and development to address evolving needs in remote communications and detection technology.

Key Stats

• Today's Range: C$23.61 to C$23.61
• 50-Day Range: C$23.61 to C$27.69
• 52-Week Range: C$18.44 to C$27.69
• Volume: N/A
• Average Volume: 300 shs
• Market Capitalization: N/A
• P/E Ratio: 454.04
• Dividend Yield: 0.36%
• Price Target: N/A
• Consensus Rating: N/A

Codan Stock Analysis - MarketRank™

Codan scored higher than 5% 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: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Codan.

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 454.04, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 42.17.

Price to Earnings Ratio vs. Sector

The P/E ratio of Codan is 454.04, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 154.78.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Codan has a short interest ratio ("days to cover") of 999.99, which indicates bearish sentiment.

Change versus previous month

Short interest in Codan has recently decreased by 6.60%, 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: 0.9 / 5
• News Sentiment: N/A

News Sentiment

Codan has a news sentiment score of -0.54. 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 lower news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.

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.

CODAF Stock Analysis - Frequently Asked Questions

How have CODAF shares performed this year?

Codan's stock was trading at C$20.00 on January 1st, 2026. Since then, CODAF shares have increased by 18.1% and is now trading at C$23.61.

How do I buy shares of Codan?

Shares of CODAF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Computer and Technology
• Industry: Scientific & Technical Instruments
• 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: N/A
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: 454.04
• 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