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Codan designs and sells communication 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 communication 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.
1959
900
LTM Revenue $408M
LTM EBITDA $112M
$2.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Codan has a last 12-month revenue (LTM) of $408M and a last 12-month EBITDA of $112M.
In the most recent fiscal year, Codan achieved revenue of $354M and an EBITDA of $94.1M.
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 | $408M | XXX | $354M | XXX | XXX | XXX |
| Gross Profit | $231M | XXX | $196M | XXX | XXX | XXX |
| Gross Margin | 57% | XXX | 55% | XXX | XXX | XXX |
| EBITDA | $112M | XXX | $94.1M | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| EBIT | $89.0M | XXX | $52.3M | XXX | XXX | XXX |
| EBIT Margin | 22% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $62.6M | XXX | $52.3M | XXX | XXX | XXX |
| Net Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $48.5M | XXX | XXX | XXX |
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As of May 30, 2025, Codan's stock price is AUD 18 (or $12).
Codan has current market cap of AUD 3.3B (or $2.1B), and EV of AUD 3.4B (or $2.2B).
See Codan trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.2B | $2.1B | XXX | XXX | XXX | XXX | $0.34 |
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Start Free TrialAs of May 30, 2025, Codan has market cap of $2.1B and EV of $2.2B.
Codan's trades at 5.8x EV/Revenue multiple, and 21.3x EV/EBITDA.
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 33.6x.
See valuation multiples for Codan and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2.1B | XXX | $2.1B | XXX | XXX | XXX |
| EV (current) | $2.2B | XXX | $2.2B | XXX | XXX | XXX |
| EV/Revenue | 5.4x | XXX | 5.8x | XXX | XXX | XXX |
| EV/EBITDA | 19.8x | XXX | 21.3x | XXX | XXX | XXX |
| EV/EBIT | 24.8x | XXX | 31.0x | XXX | XXX | XXX |
| EV/Gross Profit | 9.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 33.6x | XXX | 36.3x | XXX | XXX | XXX |
| EV/FCF | 150.3x | XXX | 90.7x | XXX | XXX | XXX |
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Start Free TrialCodan's last 12 month revenue growth is 13%
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 40% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Codan's rule of X is 60% (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 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Growth | 18% | XXX | 20% | XXX | XXX | XXX |
| Rule of 40 | 40% | XXX | 40% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 60% | 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 | 41% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ASML | XXX | XXX | XXX | XXX | XXX | XXX |
| Besi | XXX | XXX | XXX | XXX | XXX | XXX |
| Signify | XXX | XXX | XXX | XXX | XXX | XXX |
| Nedap | XXX | XXX | XXX | XXX | XXX | XXX |
| TKH Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Codan acquired XXX companies to date.
Last acquisition by Codan was XXXXXXXX, XXXXX XXXXX XXXXXX . Codan acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Codan founded? | Codan was founded in 1959. |
| Where is Codan headquartered? | Codan is headquartered in Australia. |
| How many employees does Codan have? | As of today, Codan has 900 employees. |
| Who is the CEO of Codan? | Codan's CEO is Mr. Alf Ianniello. |
| Is Codan publicy listed? | Yes, Codan is a public company listed on ASX. |
| What is the stock symbol of Codan? | Codan trades under CDA ticker. |
| When did Codan go public? | Codan went public in 2003. |
| Who are competitors of Codan? | Similar companies to Codan include e.g. ASML, Besi, Signify, Nedap. |
| What is the current market cap of Codan? | Codan's current market cap is $2.1B |
| What is the current revenue of Codan? | Codan's last 12 months revenue is $408M. |
| What is the current revenue growth of Codan? | Codan revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Codan? | Current revenue multiple of Codan is 5.4x. |
| Is Codan profitable? | Yes, Codan is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Codan? | Codan's last 12 months EBITDA is $112M. |
| What is Codan's EBITDA margin? | Codan's last 12 months EBITDA margin is 27%. |
| What is the current EV/EBITDA multiple of Codan? | Current EBITDA multiple of Codan is 19.8x. |
| What is the current FCF of Codan? | Codan's last 12 months FCF is $14.7M. |
| What is Codan's FCF margin? | Codan's last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of Codan? | Current FCF multiple of Codan is 150.3x. |
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