profit from every A$100 of sales.
A$0A$100
Codan
A$54.62-2.59% today
+79.3% in 1 year
1-year low A$26.931-year high A$68.51
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay A$96.22 for every A$1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Codan sold, what it kept, and what it did with the cash.
Sales went from A$506 million in 2022 to A$674 million in 2025, with A$103 million of profit last year.
SalesProfit
Codan handed back 53% of the cash it generated last year.
A$44M
Free cash flow 2025A$84M
Bought back its own shares–
Paid as dividendsA$44M
Cash vs. debtA$40M vs. A$161M
Codan vs. similar companies
Codan grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from A$100 of sales | Sales growth a year | Price per A$1 of profit |
|---|---|---|---|
| Codan | 96.2× · Very expensive | ||
 Keyence | 45.4× · Expensive | ||
 Garmin | 32.8× · Expensive | ||
 Keysight Technologies | 59.6× · Expensive | ||
 Coherent | 53.4× · Expensive |
AI analysis
An AI analyst reads Codan's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 506 | 456 | 550 | 674 | |
| 286 | 249 | 305 | 379 | |
| 113 | 63 | 81 | 109 | |
| 162 | 121 | 146 | 183 | |
| 101 | 68 | 81 | 103 | |
| 0.56 | 0.37 | 0.45 | 0.57 | |
| 56.6% | 54.6% | 55.4% | 56.2% | |
| 22.4% | 13.8% | 14.8% | 16.1% | |
| 19.9% | 14.8% | 14.8% | 15.3% |
Balance sheet
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 591 | 693 | 769 | 905 |
| Cash | 23 | 24 | 20 | 40 |
| Total debt | 82 | 125 | 141 | 161 |
| Total liabilities | 223 | 287 | 322 | 381 |
| 368 | 406 | 447 | 524 | |
| 181 | 181 | 182 | 182 | |
| 21.4% | 12.1% | 13.5% | 14.8% | |
| 27.4% | 16.7% | 18.2% | 19.8% |
Cash flow
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| – | – | – | – | |
| 7 | 19 | 51 | 62 | |
| 45 | 61 | 56 | 84 | |
| Dividends paid | 53 | 43 | 36 | 44 |
| – | – | – | – | |
| – | – | – | – |
Valuation
- 96.2×
- –
- 134.71
- 16.4×
- 14.8×
- 118.3×
- 55.2×
- 0.8%
- 1.0%
- 0.4%
Profitability
- 56.2%
- 16.1%
- 15.3%
- –
- 25.3%
- 16.4%
- –
- –
- –
- –
Growth
- +10.0%
- +0.7%
- –
- –
- +0.3%
Financial health
- 0.0×
- 0.09
- –
- 56.5×
- 1.49
- –
- –
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 8%of 964
Top 28%of 972
Bottom 11%of 730
Top 50%of 977
Bottom 31%of 981
0.4%of the share price, paid each year
On $1,000 invested$4a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
43.0% of its profit
Room to growStretchedMore than it earns: 52.8%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
49No pass
Benjamin Graham
36No pass
Philip Fisher
43No pass
Peter Lynch
24No pass
Joel Greenblatt
10No pass
Charlie Munger
51No pass
Terry Smith
43No pass
Questions about Codan
Is Codan a good stock to buy?
A solid business, priced as if everything goes right. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Codan AI analysis
What does Codan do?
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. It is in Scientific & Technical Instruments, based in Mawson Lakes, SA, Australia.
Does Codan pay a dividend?
Yes. At today's price the dividend is 0.4% a year, about 43% of its yearly profit. In 2025 it paid out A$44.5 million in dividends.
Is Codan stock halal?
Yes. Codan passes our halal screen: its business is permitted and its debt is 2% of its market value, under the 30% limit. How we check
How has Codan stock done over the past year?
Up 79.3% over the past twelve months, to A$54.62. It traded between A$26.93 and A$68.51 and is 20.3% below its high.
Who are Codan's competitors?
The largest listed companies in the same industry are Keyence, Garmin, Keysight Technologies and Coherent. The peers table on this page compares their profit, growth and price with Codan's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.