Codan (CDA.AX) Stock Price

Codan Price

🇦🇺ASX·CLOSED
43.08AUD
Market closed
Today +/-
Today %

Codan (CDA.AX) Stock | ISIN AU000000CDA3 | WKN A0DJ8C. The current Codan stock price is 43.08 AUD (2026). Revenue is 816.25 M AUD. Net income is 145.82 M AUD. The P/E ratio is 53.84. Market capitalization is 7.85 B AUD. Codan operates in the Information technology sector.

Codan stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Codan over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Codan stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Codan's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Codan Stock Price History
DateCodan Price
Access this data via the Eulerpool API

Codan Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
117.3 M AUD
12.1 M AUD
8.5 M AUD
Jan 1, 2007
121.6 M AUD
17.3 M AUD
11.2 M AUD
Jan 1, 2008
109.9 M AUD
15.6 M AUD
1 M AUD
Jan 1, 2009
132.4 M AUD
21.5 M AUD
12 M AUD
Jan 1, 2010
189.3 M AUD
43.8 M AUD
14.4 M AUD
Jan 1, 2011
169.6 M AUD
34.9 M AUD
21.8 M AUD
Jan 1, 2012
160.7 M AUD
44.7 M AUD
23.1 M AUD
Jan 1, 2013
233.8 M AUD
67.1 M AUD
45.4 M AUD
Jan 1, 2014
132.3 M AUD
11.4 M AUD
9.2 M AUD
Jan 1, 2015
143.86 M AUD
17.27 M AUD
12.51 M AUD
Jan 1, 2016
169.54 M AUD
30.02 M AUD
15.5 M AUD
Jan 1, 2017
226.1 M AUD
62.12 M AUD
43.52 M AUD
Jan 1, 2018
229.91 M AUD
54.08 M AUD
41.58 M AUD
Jan 1, 2019
270.81 M AUD
63.57 M AUD
45.67 M AUD
Jan 1, 2020
348.02 M AUD
97.84 M AUD
63.8 M AUD

Codan Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 10, 2026, 1:17 PM
 
REVENUE (M AUD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M AUD)
NET INCOME (M AUD)
NET INCOME GROWTH (%)
DIV. (AUD)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Codan generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Codan retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Codan's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Codan has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Codan's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Codan stock margins

The Codan margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Codan. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Codan.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
43.65 %
10.32 %
7.25 %
Jan 1, 2007
43.83 %
14.23 %
9.21 %
Jan 1, 2008
45.59 %
14.19 %
0.91 %
Jan 1, 2009
46.98 %
16.24 %
9.06 %
Jan 1, 2010
51.82 %
23.14 %
7.61 %
Jan 1, 2011
53.3 %
20.58 %
12.85 %
Jan 1, 2012
60.61 %
27.82 %
14.37 %
Jan 1, 2013
61.21 %
28.7 %
19.42 %
Jan 1, 2014
48.75 %
8.62 %
6.95 %
Jan 1, 2015
54.46 %
12.01 %
8.69 %
Jan 1, 2016
55.99 %
17.71 %
9.14 %
Jan 1, 2017
60.25 %
27.47 %
19.25 %
Jan 1, 2018
57.28 %
23.52 %
18.08 %
Jan 1, 2019
56.62 %
23.47 %
16.86 %
Jan 1, 2020
56.47 %
28.11 %
18.33 %

Codan Stock Revenue, EBIT, Earnings per Share

The Codan earnings per share therefore indicates how much revenue Codan has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2006
0.72 AUD
0.07 AUD
0.05 AUD
Jan 1, 2007
0.75 AUD
0.11 AUD
0.07 AUD
Jan 1, 2008
0.68 AUD
0.1 AUD
0.01 AUD
Jan 1, 2009
0.81 AUD
0.13 AUD
0.07 AUD
Jan 1, 2010
1.14 AUD
0.26 AUD
0.09 AUD
Jan 1, 2011
1.03 AUD
0.21 AUD
0.13 AUD
Jan 1, 2012
0.97 AUD
0.27 AUD
0.14 AUD
Jan 1, 2013
1.33 AUD
0.38 AUD
0.26 AUD
Jan 1, 2014
0.74 AUD
0.06 AUD
0.05 AUD
Jan 1, 2015
0.81 AUD
0.1 AUD
0.07 AUD
Jan 1, 2016
0.95 AUD
0.17 AUD
0.09 AUD
Jan 1, 2017
1.26 AUD
0.35 AUD
0.24 AUD
Jan 1, 2018
1.28 AUD
0.3 AUD
0.23 AUD
Jan 1, 2019
1.51 AUD
0.36 AUD
0.26 AUD
Jan 1, 2020
1.93 AUD
0.54 AUD
0.35 AUD

Codan business model & stock analysis

Codan Limited is an Australian company specializing in the development and production of radio communication systems and metal detectors. The company was founded in Adelaide, Australia in 1959 and initially focused on developing radio communication systems for agriculture and other industries. In the 1980s, Codan expanded into markets outside of Australia and began offering a wider range of products. Today, the company has branches in North America, Europe, the Middle East, and Africa, and is one of the leading providers of radio communication systems and metal detectors worldwide. Codan's business model is focused on manufacturing high-quality and reliable devices for communication and metal detection. The company produces devices for professional use, such as for government agencies, military, commercial companies, as well as for the leisure sector. Codan's divisions can be divided into two main categories: communication systems and metal detectors. In the field of communication systems, the company offers a variety of devices including two-way radios, data radios, satellite communication devices, and transmission systems. These devices are typically custom-made according to customer requirements. In the metal detector sector, Codan is a global leader and offers a wide range of professional-grade products including ground search devices, hand detectors, security detectors, and probes. Codan's metal detectors are used in various fields including archaeology, mining, security, and search and rescue operations. In addition to the aforementioned divisions, Codan also offers services such as repair, maintenance, and technical support to ensure that customers receive the best possible service at all times. Some of Codan's product highlights include the Codan NGT series HF two-way radios, which offer a wide range of advanced features including dynamic noise suppression, one-button operation, and full encryption capability. Another product line from Codan is the MT series of metal detectors, which are known for their high sensitivity, lightweight design, and ease of use. In summary, Codan Limited is a leading company specializing in the development and manufacturing of radio communication systems and metal detectors, catering to both professional and leisure sectors. With a wide range of products and services, as well as highly skilled employees, Codan aims to provide customers with the best and most reliable devices at all times.

Codan SWOT Analysis

Strengths

Codan Ltd possesses several key strengths that contribute to its success:

  • Strong market position: Codan Ltd has established itself as a leader in its industry, enjoying a strong market presence.
  • Diverse product offerings: The company offers a wide range of products, catering to various customer needs and preferences.
  • Effective supply chain management: Codan Ltd has a well-developed supply chain system, ensuring timely delivery of products and reducing operational costs.
  • Innovation and technology: The company invests heavily in research and development, allowing it to develop innovative products and stay ahead of competitors.

Weaknesses

Despite its strengths, Codan Ltd also faces certain weaknesses that pose challenges:

  • Dependence on key markets: The company heavily relies on specific markets, making it vulnerable to economic fluctuations and regulatory changes in those regions.
  • Limited brand recognition: Codan Ltd may struggle to compete with well-established brands that have higher brand awareness and customer loyalty.
  • Narrow geographic reach: The company's operations are concentrated in a few regions, limiting its access to potential markets and growth opportunities in other areas.
  • Relatively high production costs: Codan Ltd's production costs are comparatively higher, impacting its ability to offer competitive pricing.

Opportunities

Several opportunities exist for Codan Ltd to further expand and improve its business:

  • Growing demand for innovative technology: As the demand for advanced technology increases, Codan Ltd can capitalize on this trend by developing new solutions and expanding its product portfolio.
  • Expansion into new markets: By entering new geographic markets, Codan Ltd can tap into untapped customer segments and diversify its revenue streams.
  • Strategic partnerships: Collaborating with complementary businesses or forming partnerships can enhance Codan Ltd's capabilities and market reach.
  • Increasing emphasis on cybersecurity: With the rise in cyber threats, Codan Ltd can leverage its expertise to offer cybersecurity solutions, catering to the growing market needs.

Threats

Several external factors pose threats to Codan Ltd's business and may hinder its growth:

  • Intense competition: The industry Codan Ltd operates in is highly competitive, with the presence of numerous players vying for market share.
  • Economic downturns: Economic fluctuations and recessions can adversely impact consumer spending, affecting demand for Codan Ltd's products.
  • Technological advancements by competitors: Competitors introducing superior technology can potentially undermine Codan Ltd's market position.
  • Changing regulatory landscape: Evolving regulations and compliance requirements can increase operational costs and limit Codan Ltd's flexibility.

Codan Eulerpool Fair Value

Codan historical P/E ratio, EBIT multiple, and P/S ratio

Codan annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Codan shares outstanding

The number of shares was Codan in 2025 — This indicates how many shares 182.235 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
162 M base_Shares
Jan 1, 2007
162 M base_Shares
Jan 1, 2008
162 M base_Shares
Jan 1, 2009
162.7 M base_Shares
Jan 1, 2010
165.4 M base_Shares
Jan 1, 2011
164.7 M base_Shares
Jan 1, 2012
165.2 M base_Shares
Jan 1, 2013
176 M base_Shares
Jan 1, 2014
177.9 M base_Shares
Jan 1, 2015
177.99 M base_Shares
Jan 1, 2016
178.13 M base_Shares
Jan 1, 2017
179.52 M base_Shares
Jan 1, 2018
179.98 M base_Shares
Jan 1, 2019
178.99 M base_Shares
Jan 1, 2020
179.87 M base_Shares

Codan Dividend History

22 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
20250.41AUD 26.7%
Feb 28, 20250.18AUD 4.2%1/2
Sep 2, 20250.23AUD 28.0%2/2
20240.32AUD 21.6%
20230.26AUD 33.9%
20220.4AUD 3.7%
20210.39AUD 45.9%
20200.26AUD 105.6%
20190.13AUD 5.9%
20180.12AUD 21.4%
20170.1AUD 16.7%
20160.09AUD 71.4%

Codan dividend history and estimates

In 2025, Codan paid a dividend amounting to 0.41 AUD. Dividend means that Codan distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2006
0.09 AUD
0 AUD
Jan 1, 2007
0.09 AUD
0 AUD
Jan 1, 2008
0.09 AUD
0 AUD
Jan 1, 2009
0.09 AUD
0 AUD
Jan 1, 2010
0.11 AUD
0 AUD
Jan 1, 2011
0.13 AUD
0 AUD
Jan 1, 2012
0.14 AUD
0 AUD
Jan 1, 2013
0.19 AUD
0 AUD
Jan 1, 2014
0.04 AUD
0 AUD
Jan 1, 2015
0.05 AUD
0 AUD
Jan 1, 2016
0.09 AUD
0 AUD
Jan 1, 2017
0.1 AUD
0 AUD
Jan 1, 2018
0.12 AUD
0 AUD
Jan 1, 2019
0.13 AUD
0 AUD
Jan 1, 2020
0.26 AUD
0 AUD

Codan dividend payout ratio

In 2025, Codan had a payout ratio of 73.76%. The payout ratio indicates the percentage of the company's profits that Codan distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
171.43 %
Jan 1, 2007
132.65 %
Jan 1, 2008
928.57 %
Jan 1, 2009
132.65 %
Jan 1, 2010
126.98 %
Jan 1, 2011
98.9 %
Jan 1, 2012
104.4 %
Jan 1, 2013
71.43 %
Jan 1, 2014
85.71 %
Jan 1, 2015
71.12 %
Jan 1, 2016
98.52 %
Jan 1, 2017
41.25 %
Jan 1, 2018
52.57 %
Jan 1, 2019
50.4 %
Jan 1, 2020
74.51 %
Price targets and forecasts for Codan are not yet available.

Codan Earnings Estimates

Codan Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
2/14/20240.21AUD253.01 MAUD2024 Q2
8/16/20230.19AUD222.28 MAUD2023 Q4
2/15/20230.15AUD205.03 MAUD2023 Q2
8/18/20220.28AUD252.73 MAUD2022 Q4
2/17/20220.27AUD289.28 MAUD2022 Q2
8/19/20210.29AUD259.64 MAUD2021 Q4
2/18/20210.23AUD187.42 MAUD2021 Q2
8/20/20200.18AUD164.94 MAUD2020 Q4
2/20/20200.17AUD172.85 MAUD2020 Q2
8/26/20190.13AUD131.54 MAUD2019 Q4

EESG©

Eulerpool ESG Scorecard© for the Codan stock

74/100
65
Environment
90
Social
67
Governance
E

Environment

20
Scope 1 - Direct Emissions1,485
Scope 2 - Indirect emissions from purchased energy1,037
Scope 3 - Indirect emissions within the value chain51,835
Total CO₂ emissions2,522
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees24
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Codan shareholder structure

% Name
19.10075%
Estate of Ian Baker Wall
Estate of Ian Baker Wall
10.29584%
Dareel Pty. Ltd.
Dareel Pty. Ltd.
3.63682%
Kynola Pty. Ltd.
Kynola Pty. Ltd.
3.51428%
Starform Pty. Ltd.
Starform Pty. Ltd.
1.95469%
Bettison (Andrew)
Bettison (Andrew)
1.67943%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.31698%
Heard (Michael Kenneth)
Heard (Michael Kenneth)
1.21829%
Vanguard Investments Australia Ltd.
Vanguard Investments Australia Ltd.
1.00098%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
0.85059%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
...

Codan Executives and Management Board

AI

Mr. Alfonzo Ianniello

(51)

Chief Executive Officer, Managing Director, Executive Director · since 2022

Compensation1.47 M AUD
SF

Mr. Scott French

President and Executive General Manager of Zetron

Compensation1.32 M AUD
PS

Mr. Paul Sangster

President and Executive General Manager - Tactical Communications

Compensation1.27 M AUD
BH

Mr. Ben Harvey

President and Executive General Manager - Minelab

Compensation899,265 AUD
MB

Mr. Michael Barton

Chief Financial Officer, Company Secretary

Compensation661,025 AUD

Codan Supply Chain

Frequently asked questions about Codan

The main competitors of Codan Ltd in the market include major players such as Motorola Solutions Inc., Harris Corporation, and Icom Incorporated. These companies operate in the same industry as Codan Ltd, manufacturing and providing innovative communication solutions and equipment. By consistently delivering high-quality products and services, Codan Ltd remains competitive in the market and strives to differentiate itself through technological advancements and customer-centric approach.

All fundamentals and in-depth analysis of Codan

Our stock analysis for Codan Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Codan Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.