Codan - Public Comps and Valuation Multiples

Codan Overview

About Codan

Codan designs and sells communications products and metal detection devices. Its global customer base includes military, security, emergency responders, broadcasters, government, humanitarian organizations, utilities, and mining. Earnings are skewed to its communications business. This business provides command center technology used to coordinate public transport, emergency services, utilities, and broadcasting. Codan also produces lightweight radios suitable for attaching to drones. In metal detection, it produces hand-held metal detection devices, sold to organizations and individuals such as gold prospectors and hobbyist treasure hunters. Customers also use this equipment for safety and security. About half of group revenue comes from North America, and one-fourth is from Europe.

Founded

1959

HQ

Employees

1K+

Website

codan.com.au

Sectors

Electronic Equipment
Defense Systems
DefenseTech

Financials

LTM Revenue $459M

LTM EBITDA $128M

EV

$4.0B

Valuation Multiples

Multiples.vc

Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Browse Valuation Multiples

Codan Financials

As of September 2025, Codan reported last 12-month revenue of $459M and EBITDA of $128M.

In the same period, Codan generated $258M in LTM gross profit and $73.3M in net income.

See Codan valuation multiples based on analyst estimates

Codan P&L

In the most recent fiscal year, Codan reported revenue of $438M and EBITDA of $119M.

Codan expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Codan valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$459M	XXX	$438M	XXX	XXX	XXX
Gross Profit	$258M	XXX	$246M	XXX	XXX	XXX
Gross Margin	56%	XXX	56%	XXX	XXX	XXX
EBITDA	$128M	XXX	$119M	XXX	XXX	XXX
EBITDA Margin	28%	XXX	27%	XXX	XXX	XXX
EBIT	$103M	XXX	$70.7M	XXX	XXX	XXX
EBIT Margin	22%	XXX	16%	XXX	XXX	XXX
Net Profit	$73.3M	XXX	$67.2M	XXX	XXX	XXX
Net Margin	16%	XXX	15%	XXX	XXX	XXX
Net Debt	XXX	XXX	$50.9M	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

.seo-only-financials-wrapper { position: static; left: auto; width: auto; height: auto; overflow: visible; }

Financial performance metrics for Codan including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $459M. EBITDA for the last twelve months was $128M. In the most recent fiscal year, Codan achieved $438M in revenue and $119M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$459M	Analyst estimates available to subscribers	$438M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$258M	Analyst estimates available to subscribers	$246M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	56.2% gross margin	Analyst estimates available to subscribers	56.2% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$128M	Analyst estimates available to subscribers	$119M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	27.9% EBITDA margin	Analyst estimates available to subscribers	27.1% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$103M	Analyst estimates available to subscribers	$70.7M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	22.4% EBIT margin	Analyst estimates available to subscribers	16.1% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$73.3M	Analyst estimates available to subscribers	$67.2M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	16.0% net profit margin	Analyst estimates available to subscribers	15.3% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$50.9M	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Codan

This financial data table provides comprehensive performance metrics for Codan, a company based in Australia. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Codan generated $459M in revenue over the last twelve months.
The company achieved $128M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $258M.
Net income over the last twelve months reached $73.3M.

Fiscal Year Performance

In the most recent fiscal year, Codan reported $438M in total revenue.
Fiscal year EBITDA was $119M.
The company maintained a gross profit margin of 56.2% in the most recent fiscal year.
EBITDA margin for the fiscal year was 27.1%.
Net profit margin reached 15.3% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Codan. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Codan Stock Performance

Codan has current market cap of AUD 6.1B (or $4.0B), and EV of AUD 6.2B (or $4.0B).

Market Cap Evolution

Codan Stock Data

As of October 15, 2025, Codan's stock price is AUD 34 (or $22).

See Codan trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$4.0B	$4.0B	XXX	XXX	XXX	XXX	$0.40

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Codan Valuation Multiples

Codan's trades at 10.2x EV/Revenue multiple, and 37.8x EV/EBITDA.

See valuation multiples for Codan and 15K+ public comps

Codan Financial Valuation Multiples

As of October 15, 2025, Codan has market cap of $4.0B and EV of $4.0B.

Equity research analysts estimate Codan's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Codan has a P/E ratio of 54.1x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$4.0B	XXX	$4.0B	XXX	XXX	XXX
EV (current)	$4.0B	XXX	$4.0B	XXX	XXX	XXX
EV/Revenue	8.8x	XXX	10.2x	XXX	XXX	XXX
EV/EBITDA	31.5x	XXX	37.8x	XXX	XXX	XXX
EV/EBIT	39.3x	XXX	65.4x	XXX	XXX	XXX
EV/Gross Profit	15.7x	XXX	n/a	XXX	XXX	XXX
P/E	54.1x	XXX	66.0x	XXX	XXX	XXX
EV/FCF	95.0x	XXX	88.9x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Codan Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Codan Margins & Growth Rates

Codan's last 12 month revenue growth is 14%

Codan's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.

Codan's rule of 40 is 41% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Codan's rule of X is 64% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Codan and other 15K+ public comps

Codan Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	14%	XXX	16%	XXX	XXX	XXX
EBITDA Margin	28%	XXX	27%	XXX	XXX	XXX
EBITDA Growth	21%	XXX	22%	XXX	XXX	XXX
Rule of 40	41%	XXX	41%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	64%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.4M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.2M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	19%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	40%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics

Pharma Analytics

Private Equity

ERP Software

Developer Tools

Consumer SaaS

Streaming Platforms

Explore Valuation Multiples by Industry

Start Free Trial