Added to YB: 2026-08-25
Pitch date: 2026-08-20
CDA.AX [neutral]
Codan Limited
Author Info
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Company Info
Codan Limited designs, develops, manufactures, and sells communications equipment and solutions, and metal detection equipment.
Market Cap
AUD 8.9B
Pitch Price
N/A
Price Target
64.00
Dividend
1.18%
EV/EBITDA
34.44
P/E
51.12
EV/Sales
10.20
Sector
Electronic Equipment, Instruments and Components
Category
growth
Codan: The Thesis Is Playing Out
CDA.AX (holding update): FY26 rev +30%, net profit +69%. DTC unmanned rev doubled to A$215m across conflict & Western regions. Comms defence rev +87% to $294m; margin 31% beat 30% target early. Won 5-yr US Army IDIQ. Risk: chip supply. $36m net cash, $400m debt capacity for M&A. IV ~$64 (~30% upside); may trim.
Read full article (3 min)