Codan Ltd (CDA) - Net Assets

Latest as of June 2025: AU$523.83 Million AUD ≈ $370.64 Million USD

Based on the latest financial reports, Codan Ltd (CDA) has net assets worth AU$523.83 Million AUD (≈ $370.64 Million USD) 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 ≈ $640.21 Million USD) and total liabilities (AU$380.98 Million ≈ $269.57 Million USD). 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. Read debt load of Codan Ltd for a breakdown of total debt and financial obligations.

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. Also explore Codan Ltd balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Codan Ltd (2000–2025)

The table below shows the annual net assets of Codan Ltd from 2000 to 2025. For live valuation and market cap data, see market cap of Codan Ltd.

Year Net Assets Change
2025-06-30 AU$523.83 Million
≈ $370.64 Million		 +17.21%
2024-06-30 AU$446.93 Million
≈ $316.23 Million		 +9.99%
2023-06-30 AU$406.33 Million
≈ $287.51 Million		 +10.43%
2022-06-30 AU$367.96 Million
≈ $260.35 Million		 +21.19%
2021-06-30 AU$303.61 Million
≈ $214.82 Million		 +22.75%
2020-06-30 AU$247.34 Million
≈ $175.01 Million		 +17.11%
2019-06-30 AU$211.21 Million
≈ $149.45 Million		 +12.31%
2018-06-30 AU$188.06 Million
≈ $133.07 Million		 +13.98%
2017-06-30 AU$165.00 Million
≈ $116.74 Million		 +18.77%
2016-06-30 AU$138.92 Million
≈ $98.30 Million		 +8.23%
2015-06-30 AU$128.35 Million
≈ $90.82 Million		 +6.70%
2014-06-30 AU$120.29 Million
≈ $85.11 Million		 -3.56%
2013-06-30 AU$124.73 Million
≈ $88.26 Million		 +57.08%
2012-06-30 AU$79.41 Million
≈ $56.19 Million		 +10.48%
2011-06-30 AU$71.88 Million
≈ $50.86 Million		 +10.50%
2010-06-30 AU$65.05 Million
≈ $46.02 Million		 +1.68%
2009-06-30 AU$63.97 Million
≈ $45.26 Million		 +3.11%
2008-06-30 AU$62.04 Million
≈ $43.90 Million		 -12.02%
2007-06-30 AU$70.52 Million
≈ $49.90 Million		 +1.86%
2006-06-30 AU$69.23 Million
≈ $48.99 Million		 +0.96%
2005-06-30 AU$68.58 Million
≈ $48.52 Million		 +11.90%
2004-06-30 AU$61.29 Million
≈ $43.36 Million		 +30.40%
2003-06-30 AU$47.00 Million
≈ $33.26 Million		 +86.75%
2002-06-30 AU$25.17 Million
≈ $17.81 Million		 +17.85%
2001-06-30 AU$21.36 Million
≈ $15.11 Million		 +10.58%
2000-06-30 AU$19.31 Million
≈ $13.67 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
Grupo Financiero Galicia S.A
F:GF4
 $5.58 Billion
Wuxi Taclink Optoelectronics Technology Co. Ltd. A
SHG:688205
 $5.58 Billion
Rhythm Pharmaceuticals Inc
NASDAQ:RYTM
 $5.59 Billion
Melisron
TA:MLSR
 $5.59 Billion
KBC Ancora
BR:KBCA
 $5.58 Billion
Granite Construction Incorporated
NYSE:GVA
 $5.57 Billion
Bank of Suzhou
SHE:002966
 $5.57 Billion
Core Scientific, Inc. Common Stock
NASDAQ:CORZ
 $5.57 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: 15.07x
  • 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 149.39x to 15.07x 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$43.33 x
2004-06-30 AU$0.41 AU$43.33 x
2005-06-30 AU$0.42 AU$43.33 x
2006-06-30 AU$0.43 AU$43.33 x
2007-06-30 AU$0.44 AU$43.33 x
2008-06-30 AU$0.38 AU$43.33 x
2009-06-30 AU$0.39 AU$43.33 x
2010-06-30 AU$0.39 AU$43.33 x
2011-06-30 AU$0.44 AU$43.33 x
2012-06-30 AU$0.48 AU$43.33 x
2013-06-30 AU$0.71 AU$43.33 x
2014-06-30 AU$0.68 AU$43.33 x
2015-06-30 AU$0.72 AU$43.33 x
2016-06-30 AU$0.78 AU$43.33 x
2017-06-30 AU$0.92 AU$43.33 x
2018-06-30 AU$1.05 AU$43.33 x
2019-06-30 AU$1.17 AU$43.33 x
2020-06-30 AU$1.37 AU$43.33 x
2021-06-30 AU$1.68 AU$43.33 x
2022-06-30 AU$2.03 AU$43.33 x
2023-06-30 AU$2.24 AU$43.33 x
2024-06-30 AU$2.46 AU$43.33 x
2025-06-30 AU$2.87 AU$43.33 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: $6,719,581
  • Average return on equity (ROE) among peers: -247.00%

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 $5.58 Billion
Catapult Group International Ltd (CAT) $8.91 Million -49.22% 1.53x $695.34 Million
Dorsavi Ltd (DVL) $14.62 Million -24.36% 0.05x $31.12 Million
HYDRIX Ltd (HYD) $1.36 Million -1010.61% 0.18x $2.70 Million
Ikegps Group Ltd (IKE) $9.36 Million -54.34% 0.22x $137.26 Million
Optiscan Imaging Ltd (OIL) $7.74 Million -20.30% 0.09x $81.27 Million
Orexplore Technologies Ltd (OXT) $4.26 Million -109.23% 1.42x $2.35 Million
Structural Monitoring Systems Plc (SMN) $5.95 Million -49.94% 0.11x $44.04 Million
X2M Connect Ltd (X2M) $1.56 Million -657.96% 4.25x $2.69 Million

About Codan Ltd

AU:CDA Australia Scientific & Technical Instruments
Market Cap
$5.58 Billion
AU$7.88 Billion AUD
Market Cap Rank
#3330 Global
#75 in Australia
Share Price
AU$43.33
Change (1 day)
+3.96%
52-Week Range
AU$16.18 - AU$43.33
All Time High
AU$43.33
Categories
Companies in Australia Scientific & Technical Instruments Technology AI & Machine Learning
About

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