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Home CompaniesCodan Ltd

Codan Ltd

Technology Scientific & Technical Instruments
PortfolioPortfolio WatchlistWatchlist
Company price
54.49 AUD -1.63 ( 2.90%)
Last update at 2026-11-06T05:32:00Z
VOLUME
910670
Market Cap
10231.91M
P/E
58.46

Momentum Score

…

Codan Limited engages in the design, development, manufacture, and sale of communications equipment and solutions, and metal detection equipment. It operates in two segments, Communications and Metal Detection. The Communications segment designs, develops, manufactures, and markets communication equipment, such as DTC and Zetron. The Metal Detection segment designs, develops, manufactures, and markets metal detection equipment, such as handheld metal detecting technologies for recreational, gold mining, demining, and military markets. The company sells its products to United Nations organizations, security and military agencies, government departments, major corporates as well as individual consumers and small-scale miners in Australia, Oceania, Europe, Americas, Asia, Africa, and the Middle East. Codan Limited was incorporated in 1959 and is headquartered in Mawson Lakes, Australia.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
53.00
Low
55.50
High
52 Week Price Range
24.88
Low
70.14
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Codan Limited is an Australian electronics company that makes communications equipment, metal detectors and mine-site safety systems for defence, humanitarian, mining and consumer customers worldwide. Long-term growth drivers include defence and humanitarian demand for resilient communications, increased adoption of mine-safety and tracking technologies and recurring aftermarket sales in emerging markets, which may support steady revenue.

Key risks include cyclicality in mining and defence procurement, competitive pressures, and supply-chain and currency volatility that could pressure margins.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
56.12
Dividend Yield
0.81%
Revenue TTM
874.96M
Revenue Per Share
4.82
Gross Profit TTM
518.60M
Debt / Equity
0.09
ROE
30.94%
Net Debt
6.68M
ROCE
35.07%
Diluted EPS TTM
0.96

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax 236.23M 133.90M 104.49M 82.64M 135.67M
Minority interest - - 0.09M 0.04M 0.21M
Net income 175.18M 103.49M 81.39M 67.77M 100.74M
Selling general administrative - 61.64M 48.12M 37.13M 36.15M
Selling and marketing expenses - 131.05M 106.68M 89.69M 78.86M
Gross profit 466.15M 378.75M 305.23M 249.44M 286.35M
Reconciled depreciation - 37.73M 33.09M 28.87M 24.60M
Ebit 242.41M 146.56M 114.01M 91.76M 139.00M
Ebitda 287.22M 155.64M 147.10M 120.62M 163.60M
Depreciation and amortization 44.81M 9.08M 33.09M 28.87M 24.60M
Operating income 242.41M 125.33M 95.90M 91.77M 138.05M
Other operating expenses 632.56M 548.90M 454.56M 368.50M 368.74M
Interest expense 8.59M 12.35M 9.44M 9.12M 1.72M
Tax provision - 30.41M 23.19M 14.91M 35.14M
Interest income - 0.28M - 0.05M 0.01M
Net interest income - -12.72M -10.90M -10.34M -2.40M
Income tax expense 61.05M 30.41M 23.19M 14.91M 35.14M
Total revenue 874.97M 674.23M 550.46M 456.47M 506.14M
Total operating expenses 223.75M 253.43M 209.32M 186.54M 172.90M
Cost of revenue 408.81M 295.47M 245.23M 207.03M 219.80M
Total other income expense net -6.17M 8.57M 8.59M 1.21M 0.02M
Net income from continuing ops - 103.49M 81.30M 67.73M 100.53M
Net income applicable to common shares - 103.49M 81.39M 67.77M 100.74M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 908.93M 904.80M 768.71M 693.30M 590.93M
Intangible assets 195.30M 17.67M - 10.40M 9.95M
Other current assets 24.16M 25.72M 12.83M 7.70M 7.59M
Total liab 300.51M 380.98M 321.78M 286.97M 222.98M
Total stockholder equity 608.42M 523.83M 447.39M 406.33M 367.96M
Deferred long term liab - - - 108.17M 92.26M
Other current liab 134.01M 125.21M 69.47M 91.45M 80.49M
Common stock 60.34M 53.62M 50.32M 49.20M 47.06M
Capital stock - 53.62M - 49.20M 47.06M
Retained earnings 473.37M 421.74M 304.20M 258.71M 234.47M
Other liab - - - 29.20M 23.13M
Good will 315.26M 323.50M 291.86M 263.58M 240.42M
Other assets - - - 0.60M 92.26M
Cash 50.73M 39.73M 19.70M 23.66M 22.61M
Total current liabilities 217.71M 194.04M 155.40M 138.36M 122.20M
Current deferred revenue 36.73M - 29.68M -5.99M -4.59M
Net debt 6.68M 121.00M 121.34M 101.73M 59.63M
Short term debt 7.60M 7.53M 6.69M 5.99M 4.59M
Short long term debt total 57.42M 160.74M 141.05M 125.39M 82.24M
Other stockholder equity - - - -366.89M -340.51M
Property plant equipment - - - 76.26M 44.80M
Total current assets 324.50M 322.77M 258.91M 234.29M 203.50M
Net tangible assets - - - 132.36M 117.58M
Net receivables 94.87M 116.62M 95.35M 71.02M 59.77M
Long term debt - 118.00M - 75.38M 52.00M
Inventory 154.74M 140.70M 131.03M 121.40M 102.49M
Accounts payable 39.37M 61.29M 49.56M 46.91M 41.70M
Accumulated other comprehensive income 74.71M 48.47M 92.86M 98.42M 86.43M
Non currrent assets other 1.83M 167.23M 143.36M 0.60M -
Non current assets total 584.43M 582.04M 509.81M 459.01M 387.44M
Capital lease obligations - 42.74M - 50.01M 30.24M
Long term debt total - - - 119.40M 77.65M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments - -98.06M -87.96M -53.93M -19.75M
Change to liabilities - - - 12.49M -7.17M
Total cashflows from investing activities -63.30M -98.06M -87.96M -53.93M -19.75M
Net borrowings - 22.88M 19.75M 18.02M 20.68M
Total cash from financing activities -174.07M -28.66M -22.43M -25.45M -32.68M
Change to operating activities - - - -3.94M -0.48M
Net income 175.18M 103.49M 81.39M 67.77M 100.74M
Change in cash 11.00M 20.03M -3.96M 1.05M 0.25M
Begin period cash flow 39.73M 19.70M 23.66M 22.61M 22.36M
End period cash flow 50.73M 39.73M 19.70M 23.66M 22.61M
Total cash from operating activities 249.34M 146.64M 106.45M 79.88M 51.72M
Depreciation 44.81M 37.73M 33.09M 12.57M 12.59M
Other cashflows from investing activities - -53.77M -40.60M -4.56M 14.41M
Dividends paid 64.56M -44.48M -36.26M 43.48M 53.36M
Change to inventory 7.58M -14.54M 15.97M -18.91M -39.72M
Change to account receivables 4.49M 1.90M -17.20M -10.30M -24.47M
Other cashflows from financing activities -6.50M - -5.91M 52.52M 28.00M
Change to netincome - - - 3.90M -1.78M
Capital expenditures 8.81M 8.62M 50.78M 19.37M 6.59M
Change in working capital 18.35M -20.74M -10.19M -29.22M -64.18M
Stock based compensation - 1.65M 0.80M 0.74M 0.98M
Other non cash items 11.00M 24.50M 2.17M -0.47M -61.60M
Free cash flow 240.53M 138.02M 55.67M 60.51M 45.13M

Peer Comparison*

Sector: Technology Industry: Scientific & Technical Instruments

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
CDA
Codan Ltd		 -1.63
2.90%		 54.49 58.46 36.76 11.69 17.92 12.47 38.25
CAT
Catapult Group International Ltd		 -0.06
1.60%		 3.68 - 49.02 8.40 3.56 5.03 46.83
OIL
Optiscan Imaging Ltd		 0.01
6.45%		 0.17 - 10.82 44.85 8.28 320.51 -12.11
IKE
Ikegps Group Ltd		 0.01
0.74%		 0.68 - - 4.96 6.72 5.61 -3.62
SMN
Structural Monitoring Systems Plc		 0.01
4.48%		 0.35 33.50 3.23 1.62 2.22 1.60 10.59

Profile*

Codan Ltd

Codan Limited engages in the design, development, manufacture, and sale of communications equipment and solutions, and metal detection equipment. It operates in two segments, Communications and Metal Detection. The Communications segment designs, develops, manufactures, and markets communication equipment, such as DTC and Zetron. The Metal Detection segment designs, develops, manufactures, and markets metal detection equipment, such as handheld metal detecting technologies for recreational, gold mining, demining, and military markets. The company sells its products to United Nations organizations, security and military agencies, government departments, major corporates as well as individual consumers and small-scale miners in Australia, Oceania, Europe, Americas, Asia, Africa, and the Middle East. Codan Limited was incorporated in 1959 and is headquartered in Mawson Lakes, Australia.

Technology Park, Mawson Lakes, SA, Australia, 5095

61 8 8305 0311

https://codan.com.au

Name Title Year Born
Mr. Alfonso Ianniello MD, CEO & Director 1973
Mr. Michael Barton B.A., C.A., BA (Acc), CA CFO & Company Sec. NA
Mr. Peter D. Charlesworth Exec. Gen. Mang. of Minelab & Codan Defense NA
Mr. Scott A. French Exec. Gen. Mang. of Land Mobile Radio NA
Ms. Kayi Li Mang. of Investor Relations NA
Mr. Daniel Widera Joint Company Sec. NA
Mr. Michael Barton B.A., BA (Acc), CA, F.C.A. CFO & Company Secretary NA
Mr. Scott A. French Executive General Manager of Zetron NA
Ms. Kayi Li Manager of Investor Relations NA
Mr. Daniel Hutchinson Executive General Manager of Strategy, Corporate Development & M&A NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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