Codan Ltd
ASX:CDA

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Codan Ltd
ASX:CDA
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Price: 16.43 AUD -0.18%
Market Cap: 3B AUD
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Relative Value

The Relative Value of one CDA stock under the Base Case scenario is 13.79 AUD. Compared to the current market price of 16.43 AUD, Codan Ltd is Overvalued by 16%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

CDA Relative Value
Base Case
13.79 AUD
Overvaluation 16%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
17
vs Industry
19
Median 3Y
3.1
Median 5Y
3.8
Industry
1.8
Forward
4.7
vs History
6
vs Industry
25
Median 3Y
19.4
Median 5Y
22.1
Industry
23.2
Forward
30
vs History
4
vs Industry
23
Median 3Y
18.4
Median 5Y
18.1
Industry
14.6
vs History
3
vs Industry
22
Median 3Y
24.5
Median 5Y
22.5
Industry
20
vs History
23
vs Industry
11
Median 3Y
3.8
Median 5Y
4.8
Industry
2
vs History
14
vs Industry
16
Median 3Y
3.3
Median 5Y
3.7
Industry
1.8
Forward
4.9
vs History
12
vs Industry
37
Median 3Y
5.9
Median 5Y
6.7
Industry
7.4
vs History
4
vs Industry
23
Median 3Y
12.9
Median 5Y
16
Industry
14.8
Forward
17.6
vs History
4
vs Industry
27
Median 3Y
12.9
Median 5Y
16
Industry
18.3
Forward
22.2
vs History
3
vs Industry
21
Median 3Y
19.7
Median 5Y
18.8
Industry
14.4
vs History
9
vs Industry
12
Median 3Y
42.5
Median 5Y
32.7
Industry
17.9
vs History
36
vs Industry
14
Median 3Y
3
Median 5Y
3.9
Industry
1.6

Multiples Across Competitors

CDA Competitors Multiples
Codan Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Codan Ltd
ASX:CDA
3B AUD 5.4 36.6 26.7 26.7
JP
Keyence Corp
TSE:6861
15.5T JPY 15.2 40.7 26.6 27.4
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
293.9B CNY 3.2 22 17.7 17.7
US
Keysight Technologies Inc
NYSE:KEYS
28.4B USD 5.7 46.3 25.8 34.1
SE
Hexagon AB
STO:HEXA B
283.7B SEK 4.6 24.4 14.7 19
US
Teledyne Technologies Inc
NYSE:TDY
22.3B USD 4 23.6 18.3 23.8
US
Zebra Technologies Corp
NASDAQ:ZBRA
20.4B USD 4.4 53.4 27.2 34.7
US
Trimble Inc
NASDAQ:TRMB
17.6B USD 4.8 11.9 29.6 42.9
IL
Mobileye Global Inc
NASDAQ:MBLY
16B USD 8.9 -5.4 108.8 -39.6
UK
Halma PLC
LSE:HLMA
10.3B GBP 5.1 38.3 22.8 29.2
JP
Shimadzu Corp
TSE:7701
1.3T JPY 2.5 25.3 13 16.5
P/E Multiple
Earnings Growth P/E to Growth
AU
Codan Ltd
ASX:CDA
Average P/E: 32.3
36.6
76%
0.5
JP
Keyence Corp
TSE:6861
40.7
39%
1
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
22
37%
0.6
US
Keysight Technologies Inc
NYSE:KEYS
46.3
161%
0.3
SE
Hexagon AB
STO:HEXA B
24.4
58%
0.4
US
Teledyne Technologies Inc
NYSE:TDY
23.6
25%
0.9
US
Zebra Technologies Corp
NASDAQ:ZBRA
53.4
218%
0.2
US
Trimble Inc
NASDAQ:TRMB
11.9
166%
0.1
IL
M
Mobileye Global Inc
NASDAQ:MBLY
Negative Multiple: -5.4 N/A N/A
UK
Halma PLC
LSE:HLMA
38.3
50%
0.8
JP
Shimadzu Corp
TSE:7701
25.3
20%
1.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
AU
Codan Ltd
ASX:CDA
Average EV/EBIT: 27.2
26.7
70%
0.4
JP
Keyence Corp
TSE:6861
27.4
N/A N/A
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
17.7
43%
0.4
US
Keysight Technologies Inc
NYSE:KEYS
34.1
112%
0.3
SE
Hexagon AB
STO:HEXA B
19
15%
1.3
US
Teledyne Technologies Inc
NYSE:TDY
23.8
30%
0.8
US
Zebra Technologies Corp
NASDAQ:ZBRA
34.7
102%
0.3
US
Trimble Inc
NASDAQ:TRMB
42.9
113%
0.4
IL
M
Mobileye Global Inc
NASDAQ:MBLY
Negative Multiple: -39.6 N/A N/A
UK
Halma PLC
LSE:HLMA
29.2
45%
0.7
JP
Shimadzu Corp
TSE:7701
16.5
N/A N/A

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