Assessing Codan (ASX:CDA) Valuation After Strong Half-Year Update And Metal Detection Growth

Simply Wall St.

Jan 09

Codan (ASX:CDA) has drawn fresh attention after a half-year update flagged strong metal detection demand, with that segment’s revenue up about 46% and group revenue for the first half of FY26 expected...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2602726203"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2602726203\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2602726203?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/8131000-choice2-main-header/1585186798979","is_english":true,"pubTime":"2026-01-09 17:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2602726203","market":"us","top_or_hot":-1,"title":"Assessing Codan (ASX:CDA) Valuation After Strong Half-Year Update And Metal Detection Growth","media":"Simply Wall St.","content":"<div>\n<p>Codan (ASX:CDA) has drawn fresh attention after a half-year update flagged strong metal detection demand, with that segment’s revenue up about 46% and group revenue for the first half of FY26 expected...</p>\n\n<a href=\"https://simplywall.st/stocks/au/tech/asx-cda/codan-shares/news/assessing-codan-asxcda-valuation-after-strong-half-year-upda\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Assessing Codan (ASX:CDA) Valuation After Strong Half-Year Update And Metal Detection Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAssessing Codan (ASX:CDA) Valuation After Strong Half-Year Update And Metal Detection Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-09 17:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/au/tech/asx-cda/codan-shares/news/assessing-codan-asxcda-valuation-after-strong-half-year-upda><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Codan (ASX:CDA) has drawn fresh attention after a half-year update flagged strong metal detection demand, with that segment’s revenue up about 46% and group revenue for the first half of FY26 expected...</p>\n\n<a href=\"https://simplywall.st/stocks/au/tech/asx-cda/codan-shares/news/assessing-codan-asxcda-valuation-after-strong-half-year-upda\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CDA.AU","symbol_name":"CODAN LTD","start_time":0,"source_url":"https://simplywall.st/stocks/au/tech/asx-cda/codan-shares/news/assessing-codan-asxcda-valuation-after-strong-half-year-upda","article_id":"2602726203","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/8131000-choice2-main-header/1585186798979"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/au/tech/asx-cda/codan-shares/news/assessing-codan-asxcda-valuation-after-strong-half-year-upda","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2602726203","pubTimestamp":1767951206,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Codan (ASX:CDA) has drawn fresh attention after a half-year update flagged strong metal detection demand, with that segment’s revenue up about 46% and group revenue for the first half of FY26 expected to be 29% higher.\nSee our latest analysis for Codan.\nThat upbeat half year update appears to have reset expectations, with Codan’s 1 day share price return of 16.89% and 7 day share price return of 27.12% lifting the stock to A$36.89, while a very large 3 year total shareholder return points to...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"CDA.AU":"CODAN LTD","BK7084":"电子设备和仪器"},"translate_title":"在强劲的半年更新和金属检测增长后评估Codan(ASX：CDA)估值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CDA.AU":1.5},"content_text":"Codan (ASX:CDA) has drawn fresh attention after a half-year update flagged strong metal detection demand, with that segment’s revenue up about 46% and group revenue for the first half of FY26 expected to be 29% higher. See our latest analysis for Codan. That upbeat half year update appears to have reset expectations, with Codan’s 1 day share price return of 16.89% and 7 day share price return of 27.12% lifting the stock to A$36.89, while a very large 3 year total shareholder return points to momentum that has been building over a longer period. If Codan’s move has you thinking about other potential opportunities in tech and related hardware, it could be a useful moment to look at high growth tech and AI stocks as a next step. With Codan now at A$36.89 and trading above the average analyst price target of A$31.74, the big question is whether recent strength still leaves room for upside or if the market is already pricing in future growth. AdvertisementMost Popular Narrative: 16.2% Overvalued On the most followed view, Codan's fair value sits at A$31.74 per share compared with the current A$36.89 price, setting up a clear valuation gap to unpack.  The integration of Kagwerks and DTC, development of interoperable MESH radio platforms, and the shift toward full-solution communications providers position Codan to capture higher-margin contracts, improve operating leverage, and expand its reach in large, high-growth markets (e.g., U.S., Europe), supporting margin expansion and earnings growth.  Read the complete narrative. Curious how a richer margin profile, faster top line, and a higher future earnings multiple still lead to a lower fair value than today’s price? The full narrative breaks down the growth path, profitability assumptions, and discount rate that all have to line up for that A$31.74 figure to make sense. Result: Fair Value of A$31.74 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the picture could change quickly if demand for gold detection weakens or if heavyweight rivals squeeze margins in Codan’s communications business. Find out about the key risks to this Codan narrative.  Build Your Own Codan Narrative If you look at the numbers and come to a different conclusion, or just prefer to test your own assumptions, you can build a complete Codan thesis yourself in just a few minutes with Do it your way. A good starting point is our analysis highlighting 2 key rewards investors are optimistic about regarding Codan. Looking for more investment ideas? If Codan has sharpened your focus, do not stop here. Use the Simply Wall Street Screener to quickly surface fresh stock ideas that match your style.  Zero in on value driven opportunities by checking out these 871 undervalued stocks based on cash flows that could suit a disciplined, price conscious approach. Explore emerging tech themes by scanning these 28 AI penny stocks for companies tied to artificial intelligence trends you want exposure to. Target income focused ideas with these 11 dividend stocks with yields > 3% that may help you build more reliable cash flow from your portfolio.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}