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5-day change | 1st Jan Change | ||
10.71 AUD | +1.04% | -2.55% | +25.26% |
Feb. 21 | Codan Shares Rise Nearly 11% as H1 FY24 Revenue Grows 26%, Profit Jumps | MT |
Feb. 21 | Transcript : Codan Limited, H1 2024 Earnings Call, Feb 21, 2024 |
Summary
- The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
- The company presents an interesting fundamental situation from a short-term investment perspective.
Strengths
- The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
- The company returns high margins, thereby supporting business profitability.
- Over the past year, analysts have regularly revised upwards their sales forecast for the company.
- Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
- Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
- The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.
- Consensus analysts have strongly revised their opinion of the company over the past 12 months.
- Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
- Analysts' price targets are all relatively close, reflecting good visibility on the company's valuation.
Weaknesses
- With a 2024 P/E ratio at 24.36 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
- The company's enterprise value to sales, at 3.66 times its current sales, is high.
- In relation to the value of its tangible assets, the company's valuation appears relatively high.
- The valuation of the company is particularly high given the cash flows generated by its activity.
Ratings chart - Surperformance
Chart ESG Refinitiv
Sector: Electronic Equipment & Parts
1st Jan change | Capi. | Investor Rating | ESG Refinitiv | |
---|---|---|---|---|
+25.26% | 1.26B | C | ||
+11.65% | 109B | C | ||
-4.71% | 28.24B | B- | ||
+11.79% | 22.19B | B+ | ||
-13.60% | 18.29B | C | ||
-7.70% | 17.4B | C+ | ||
+14.41% | 16.08B | C+ | ||
-9.98% | 11.55B | A | ||
-2.45% | 10.45B | B | ||
-2.81% | 9.65B | B |
Financials
Valuation
Momentum
Consensus
Business Predictability
Environment
Governance
Controversy
Technical analysis
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- Ratings Codan Limited