Codan Ltd
Codan Limited develops technology solutions for United Nations organizations, security and military agencies, government departments, corporates, individuals consumers, and small-scale miners. It operates through Communications and Metal Detection segments. The Communications segment designs, develops, manufactures, and markets communication equipment that consists of DTC radio solutions for the … Read more
Codan Ltd (CDA) - Net Assets
Latest net assets as of June 2025: AU$523.83 Million AUD
Based on the latest financial reports, Codan Ltd (CDA) has net assets worth AU$523.83 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$904.80 Million) and total liabilities (AU$380.98 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$523.83 Million |
| % of Total Assets | 57.89% |
| Annual Growth Rate | 14.11% |
| 5-Year Change | 72.53% |
| 10-Year Change | 277.07% |
| Growth Volatility | 19.27 |
Codan Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Codan Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Codan Ltd (2000–2025)
The table below shows the annual net assets of Codan Ltd from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$523.83 Million | +17.21% |
| 2024-06-30 | AU$446.93 Million | +9.99% |
| 2023-06-30 | AU$406.33 Million | +10.43% |
| 2022-06-30 | AU$367.96 Million | +21.19% |
| 2021-06-30 | AU$303.61 Million | +22.75% |
| 2020-06-30 | AU$247.34 Million | +17.11% |
| 2019-06-30 | AU$211.21 Million | +12.31% |
| 2018-06-30 | AU$188.06 Million | +13.98% |
| 2017-06-30 | AU$165.00 Million | +18.77% |
| 2016-06-30 | AU$138.92 Million | +8.23% |
| 2015-06-30 | AU$128.35 Million | +6.70% |
| 2014-06-30 | AU$120.29 Million | -3.56% |
| 2013-06-30 | AU$124.73 Million | +57.08% |
| 2012-06-30 | AU$79.41 Million | +10.48% |
| 2011-06-30 | AU$71.88 Million | +10.50% |
| 2010-06-30 | AU$65.05 Million | +1.68% |
| 2009-06-30 | AU$63.97 Million | +3.11% |
| 2008-06-30 | AU$62.04 Million | -12.02% |
| 2007-06-30 | AU$70.52 Million | +1.86% |
| 2006-06-30 | AU$69.23 Million | +0.96% |
| 2005-06-30 | AU$68.58 Million | +11.90% |
| 2004-06-30 | AU$61.29 Million | +30.40% |
| 2003-06-30 | AU$47.00 Million | +86.75% |
| 2002-06-30 | AU$25.17 Million | +17.85% |
| 2001-06-30 | AU$21.36 Million | +10.58% |
| 2000-06-30 | AU$19.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Codan Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2576.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$421.74 Million | 80.51% |
| Common Stock | AU$53.62 Million | 10.24% |
| Other Comprehensive Income | AU$48.47 Million | 9.25% |
| Total Equity | AU$523.83 Million | 100.00% |
Codan Ltd Competitors by Market Cap
The table below lists competitors of Codan Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kalmar
HE:KALMAR
|
$2.18 Billion |
|
Alarm.com Holdings Inc
NASDAQ:ALRM
|
$2.18 Billion |
|
Advanced Echem Materials Company Limited
TWO:4749
|
$2.18 Billion |
|
UCloud Technology Co Ltd
SHG:688158
|
$2.18 Billion |
|
Beijing GeoEnviron Engineering
SHG:603588
|
$2.18 Billion |
|
Retail Opportunity Investments
NASDAQ:ROIC
|
$2.18 Billion |
|
CSI Solar Co. Ltd. A
SHG:688472
|
$2.17 Billion |
|
Chongqing Zhifei Bio Products
SHE:300122
|
$2.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Codan Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 447,386,000 to 523,827,000, a change of 76,441,000 (17.1%).
- Net income of 103,493,000 contributed positively to equity growth.
- Dividend payments of 44,483,000 reduced retained earnings.
- Other comprehensive income decreased equity by 44,395,000.
- Other factors increased equity by 61,826,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$103.49 Million | +19.76% |
| Dividends Paid | AU$44.48 Million | -8.49% |
| Other Comprehensive Income | AU$-44.40 Million | -8.48% |
| Other Changes | AU$61.83 Million | +11.8% |
| Total Change | AU$- | 17.09% |
Book Value vs Market Value Analysis
This analysis compares Codan Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 11.85x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 117.43x to 11.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-06-30 | AU$0.29 | AU$34.06 | x |
| 2004-06-30 | AU$0.41 | AU$34.06 | x |
| 2005-06-30 | AU$0.42 | AU$34.06 | x |
| 2006-06-30 | AU$0.43 | AU$34.06 | x |
| 2007-06-30 | AU$0.44 | AU$34.06 | x |
| 2008-06-30 | AU$0.38 | AU$34.06 | x |
| 2009-06-30 | AU$0.39 | AU$34.06 | x |
| 2010-06-30 | AU$0.39 | AU$34.06 | x |
| 2011-06-30 | AU$0.44 | AU$34.06 | x |
| 2012-06-30 | AU$0.48 | AU$34.06 | x |
| 2013-06-30 | AU$0.71 | AU$34.06 | x |
| 2014-06-30 | AU$0.68 | AU$34.06 | x |
| 2015-06-30 | AU$0.72 | AU$34.06 | x |
| 2016-06-30 | AU$0.78 | AU$34.06 | x |
| 2017-06-30 | AU$0.92 | AU$34.06 | x |
| 2018-06-30 | AU$1.05 | AU$34.06 | x |
| 2019-06-30 | AU$1.17 | AU$34.06 | x |
| 2020-06-30 | AU$1.37 | AU$34.06 | x |
| 2021-06-30 | AU$1.68 | AU$34.06 | x |
| 2022-06-30 | AU$2.03 | AU$34.06 | x |
| 2023-06-30 | AU$2.24 | AU$34.06 | x |
| 2024-06-30 | AU$2.46 | AU$34.06 | x |
| 2025-06-30 | AU$2.87 | AU$34.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Codan Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.35%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.73x
- Recent ROE (19.76%) is below the historical average (23.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 41.60% | 9.23% | 1.14x | 3.95x | AU$6.10 Million |
| 2001 | 43.07% | 8.33% | 1.29x | 4.03x | AU$7.06 Million |
| 2002 | 40.85% | 9.87% | 1.29x | 3.22x | AU$7.76 Million |
| 2003 | 23.62% | 9.81% | 1.26x | 1.92x | AU$6.40 Million |
| 2004 | 27.21% | 12.54% | 1.40x | 1.55x | AU$10.55 Million |
| 2005 | 23.63% | 12.87% | 1.19x | 1.54x | AU$9.35 Million |
| 2006 | 12.26% | 7.23% | 1.12x | 1.51x | AU$1.56 Million |
| 2007 | 15.94% | 9.21% | 1.29x | 1.35x | AU$4.19 Million |
| 2008 | 1.63% | 0.91% | 0.70x | 2.53x | AU$-5.20 Million |
| 2009 | 18.77% | 9.02% | 0.82x | 2.54x | AU$5.61 Million |
| 2010 | 22.13% | 7.60% | 1.16x | 2.51x | AU$7.89 Million |
| 2011 | 30.32% | 12.78% | 1.16x | 2.05x | AU$14.60 Million |
| 2012 | 29.15% | 14.40% | 0.94x | 2.14x | AU$15.21 Million |
| 2013 | 36.41% | 19.42% | 1.11x | 1.70x | AU$32.94 Million |
| 2014 | 7.65% | 6.95% | 0.62x | 1.77x | AU$-2.83 Million |
| 2015 | 9.74% | 8.69% | 0.69x | 1.63x | AU$-327.40K |
| 2016 | 11.15% | 9.14% | 0.80x | 1.53x | AU$1.59 Million |
| 2017 | 26.36% | 19.25% | 0.97x | 1.41x | AU$27.01 Million |
| 2018 | 22.09% | 18.08% | 0.90x | 1.35x | AU$22.76 Million |
| 2019 | 21.61% | 16.86% | 0.99x | 1.30x | AU$24.53 Million |
| 2020 | 25.80% | 18.33% | 0.99x | 1.42x | AU$39.06 Million |
| 2021 | 29.75% | 20.67% | 0.87x | 1.66x | AU$59.98 Million |
| 2022 | 27.35% | 19.90% | 0.86x | 1.60x | AU$63.91 Million |
| 2023 | 16.66% | 14.85% | 0.66x | 1.70x | AU$27.10 Million |
| 2024 | 18.19% | 14.79% | 0.72x | 1.72x | AU$36.65 Million |
| 2025 | 19.76% | 15.35% | 0.75x | 1.73x | AU$51.11 Million |
Industry Comparison
This section compares Codan Ltd's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $3,756,724
- Average return on equity (ROE) among peers: -242.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Codan Ltd (CDA) | AU$523.83 Million | 41.60% | 0.73x | $2.18 Billion |
| Dorsavi Ltd (DVL) | $2.84 Million | -53.52% | 0.40x | $5.92 Million |
| HYDRIX Ltd (HYD) | $3.53 Million | -138.38% | 0.18x | $1.40 Million |
| Ikegps Group Ltd (IKE) | $10.64 Million | -100.86% | 0.15x | $45.21 Million |
| Optiscan Imaging Ltd (OIL) | $1.67 Million | -176.71% | 0.60x | $22.46 Million |
| Orexplore Technologies Ltd (OXT) | $8.03 Million | -101.94% | 0.26x | $1.03 Million |
| Shekel Brainweigh Ltd (SBW) | $2.18 Million | -414.34% | 14.73x | $834.78K |
| Structural Monitoring Systems Plc (SMN) | $2.54 Million | -954.08% | 0.27x | $26.58 Million |
| X2M Connect Ltd (X2M) | $-1.36 Million | 0.00% | 0.00x | $2.05 Million |